AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, April 28, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31, 2014.

 


AllianceBernstein Global High Income Fund, Inc.






Top 10 Fixed Income Holdings

Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17

1.88%

2) Ivory Coast Government International Bond 5.75%, 12/31/32

0.88%

3) Dominican Republic International Bond 8.625%, 4/20/27

0.71%

4) U.S. Treasury Bonds 5.25%, 2/15/29

0.55%

5) El Salvador Government International Bond 7.65%, 6/15/35

0.53%

6) Argentina Boden Bonds 7.00%, 10/03/15

0.48%

7) Dominican Republic International Bond 16.00%, 7/10/20

0.47%

8) South Africa Government Bond Series R207 7.25%, 1/15/20

0.43%

9) Care UK Health & Social Care PLC 9.75%, 8/01/17

0.39%

10) Vale Overseas Ltd. 6.875%, 11/21/36

0.39%



Investment Type

Portfolio %

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical

7.95%

Energy

6.53%

Communications - Media

6.00%

Capital Goods

4.97%

Technology

4.96%

Basic

4.30%

Consumer Cyclical - Other

2.75%

Communications - Telecommunications

2.68%

Other Industrial

2.39%

Consumer Cyclical - Retailers

2.01%

Services

2.01%

Consumer Cyclical - Automotive

1.83%

Transportation - Services

1.13%

Consumer Cyclical - Entertainment

0.48%

Transportation - Airlines

0.37%

Consumer Cyclical - Restaurants

0.11%

SUBTOTAL

50.47%

Financial Institutions


Banking

2.98%

Finance

1.65%

Other Finance

1.10%

Insurance

1.02%

Brokerage

0.42%

REITS

0.14%

SUBTOTAL

7.31%

Credit Default Swaps

3.08%

Utility


Electric

1.58%

Natural Gas

1.15%

SUBTOTAL

2.73%

SUBTOTAL

63.59%

Global Governments

17.62%

Corporates - Investment Grades


Financial Institutions


Banking

1.78%

Insurance

1.63%

REITS

0.42%

Finance

0.35%

Other Finance

0.04%

SUBTOTAL

4.22%

Industrial


Basic

1.88%

Communications - Telecommunications

0.39%

Capital Goods

0.25%

Communications - Media

0.23%

Other Industrial

0.17%

Consumer Non-Cyclical

0.11%

Transportation - Airlines

0.08%

Consumer Cyclical - Automotive

0.04%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.17%

Credit Default Swaps

0.67%

Utility


Natural Gas

0.25%

SUBTOTAL

0.25%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.05%

SUBTOTAL

0.05%

SUBTOTAL

8.36%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.71%

Non-Agency Floating Rate

2.99%

SUBTOTAL

6.70%

Bank Loans


Industrial


Consumer Non-Cyclical

0.76%

Consumer Cyclical - Automotive

0.62%

Other Industrial

0.55%

Consumer Cyclical - Entertainment

0.44%

Consumer Cyclical - Other

0.41%

Basic

0.37%

Consumer Cyclical - Retailers

0.35%

Services

0.32%

Technology

0.29%

Capital Goods

0.20%

Communications - Media

0.17%

Energy

0.17%

SUBTOTAL

4.65%

Non Corporate Sectors


Foreign Local Government - Municipal

0.12%

SUBTOTAL

0.12%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.81%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

1.26%

Capital Goods

0.46%

Basic

0.43%

Communications - Telecommunications

0.37%

Consumer Cyclical - Retailers

0.26%

Transportation - Airlines

0.26%

Consumer Cyclical - Other

0.24%

Energy

0.14%

Communications - Media

0.12%

Transportation - Services

0.09%

SUBTOTAL

3.63%

Financial Institutions


Finance

0.19%

Banking

0.14%

SUBTOTAL

0.33%

SUBTOTAL

3.96%

Emerging Markets - Sovereigns


Emerging Markets - Sovereigns

3.24%

Credit Default Swaps

-0.32%

SUBTOTAL

2.92%

Preferred Stocks


Financial Institutions

2.17%

Industrial

0.06%

Utility

0.02%

SUBTOTAL

2.25%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

1.18%

Non-Agency Floating Rate CMBS

0.11%

SUBTOTAL

1.29%

Local Governments - Municipal Bonds

1.03%

Emerging Markets - Treasuries

1.00%

Common Stocks

0.90%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.64%

Home Equity Loans - Floating Rate

0.14%

SUBTOTAL

0.78%

Governments - Sovereign Agencies

0.68%

Whole Loan Trusts


Performing Asset

0.55%

SUBTOTAL

0.55%

Quasi-Sovereigns


Quasi-Sovereign Bonds

0.50%

SUBTOTAL

0.50%

Local Governments - Regional Bonds

0.34%

Currency Instruments


Forward Currency Exchange Contracts

0.13%

SUBTOTAL

0.13%

Options Purchased - Calls


Options on Forward Contracts

0.02%

Options on Equity Indices

0.01%

SUBTOTAL

0.03%

Options Purchased - Puts


Options on Forward Contracts

0.01%

Swaptions

0.01%

Options on Funds and Investment Trusts

0.01%

SUBTOTAL

0.03%

Reverse Repurchase Agreements

-6.10%

Interest Rate Swaps - SIFMA

-11.33%

Net Cash Equivalents


Investment Companies

4.14%

Cash

-1.36%

SUBTOTAL

2.78%

Derivative Offsets


Swaps Offsets

8.23%

Futures Offsets

-11.05%

SUBTOTAL

-2.82%


100.00%



Country Breakdown

Portfolio %

United States

66.90%

United Kingdom

4.83%

Brazil

4.00%

Canada

1.62%

France

1.48%

Dominican Republic

1.38%

Netherlands

1.33%

Ireland

1.31%

Germany

1.25%

Luxembourg

1.23%

South Africa

1.03%

Mexico

0.96%

Switzerland

0.88%

Ivory Coast

0.83%

Italy

0.79%

Russia

0.73%

El Salvador

0.61%

Bermuda

0.61%

Indonesia

0.59%

United Arab Emirates

0.58%

Colombia

0.58%

Argentina

0.51%

Barbados

0.46%

Australia

0.45%

Spain

0.42%

Kazakhstan

0.38%

Portugal

0.36%

Peru

0.36%

Croatia

0.31%

Sweden

0.26%

Costa Rica

0.23%

Serbia

0.23%

Singapore

0.23%

Philippines

0.23%

Norway

0.23%

India

0.18%

Denmark

0.17%

Chile

0.14%

Bahrain

0.14%

China

0.13%

Japan

0.13%

Ghana

0.12%

Austria

0.11%

Macau

0.10%

Romania

0.10%

Belgium

0.09%

Nigeria

0.08%

Hong Kong

0.08%

Guatemala

0.07%

Sri Lanka

0.06%

Virgin Islands (BVI)

0.06%

Jamaica

0.05%

Euro Zone

0.01%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

92.49%

Brazilian Real

3.00%

Indonesian Rupiah

1.07%

Malaysian Ringgit

1.00%

Peruvian Nuevo Sol

0.99%

New Turkish Lira

0.78%

South African Rand

0.77%

Colombian Peso

0.50%

Dominican Peso

0.47%

Costa Rican Colon

0.25%

Philippine Peso

0.25%

Hungarian Forint

0.18%

Great British Pound

0.10%

Nigerian Naira

0.08%

Swiss Franc

0.04%

Canadian Dollar

0.03%

Euro

0.01%

Russian Rubles

-0.01%

Polish Zloty

-2.00%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

-6.36%

AA

0.52%

A

3.19%

BBB

14.05%

BB

26.04%

B

32.38%

CCC

16.05%

CC

0.89%

D

0.78%

Not Rated

3.38%

Short Term Investments

4.14%

N/A

4.94%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

10.66%

1 to 5 years

47.82%

5 to 10 years

27.66%

10 to 20 years

6.11%

20 to 30 years

4.87%

More than 30 years

1.98%

Other

0.90%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.52%

Average Bond Price :

103.96

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

10.54%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

10.54%

Average Maturity:

6.51 Years

Effective Duration:

4.33 Years

Total Net Assets:

$1,309.66 Million

Net Asset Value:

$15.19

Number of Holdings:

1147

Portfolio Turnover:

38%



* Investment Operations may include the use of certain portfolio


management techniques such as credit default swaps, dollar rolls,


negative cash, reverse repurchase agreements and when-issued


securities.




The foregoing portfolio characteristics are as of the date indicated


and can be expected to change. The Fund is a closed-end U.S.-


registered management investment company advised by AllianceBernstein


L. P.


 

SOURCE AllianceBernstein Global High Income Fund, Inc.

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