NEW YORK, July 28, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30, 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 | 1.46% |
2) Ivory Coast Government International Bond 5.75%, 12/31/32 | 0.90% |
3) Dominican Republic International Bond 8.625%, 4/20/27 | 0.79% |
4) El Salvador Government International Bond 7.65%, 6/15/35 | 0.57% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.56% |
6) Venezuela Government International Bond 9.25%, 9/15/27 | 0.53% |
7) Dominican Republic International Bond 16.00%, 7/10/20 | 0.50% |
8) Argentina Boden Bonds 7.00%, 10/03/15 | 0.46% |
9) South Africa Government Bond Series R207 7.25%, 1/15/20 | 0.42% |
10) Vale Overseas Ltd. 6.875%, 11/21/36 | 0.40% |
Investment Type | Portfolio % |
Corporates - Non-Investment Grades | |
Industrial | |
Consumer Non-Cyclical | 7.89% |
Energy | 6.81% |
Capital Goods | 5.47% |
Technology | 4.97% |
Communications - Media | 4.54% |
Basic | 4.49% |
Communications - Telecommunications | 3.93% |
Consumer Cyclical - Other | 2.69% |
Other Industrial | 2.32% |
Consumer Cyclical - Retailers | 2.12% |
Services | 1.91% |
Consumer Cyclical - Automotive | 1.45% |
Transportation - Services | 0.90% |
Consumer Cyclical - Entertainment | 0.53% |
Transportation - Airlines | 0.37% |
Communications | 0.15% |
Consumer Cyclical - Restaurants | 0.11% |
SUBTOTAL | 50.65% |
Financial Institutions | |
Banking | 3.29% |
Finance | 1.59% |
Insurance | 1.02% |
Other Finance | 0.96% |
Brokerage | 0.42% |
REITS | 0.14% |
SUBTOTAL | 7.42% |
Utility | |
Natural Gas | 1.57% |
Electric | 1.47% |
SUBTOTAL | 3.04% |
Credit Default Swaps | 1.06% |
SUBTOTAL | 62.17% |
Interest Rate Futures | 10.32% |
Corporates - Investment Grades | |
Financial Institutions | |
Banking | 1.69% |
Insurance | 1.64% |
REITS | 0.42% |
Finance | 0.35% |
SUBTOTAL | 4.10% |
Industrial | |
Basic | 1.83% |
Communications - Telecommunications | 0.39% |
Capital Goods | 0.26% |
Communications - Media | 0.24% |
Energy | 0.21% |
Other Industrial | 0.17% |
Consumer Non-Cyclical | 0.16% |
Transportation - Airlines | 0.07% |
Consumer Cyclical - Automotive | 0.04% |
Consumer Cyclical - Other | 0.02% |
SUBTOTAL | 3.39% |
Credit Default Swaps | 0.67% |
Utility | |
Natural Gas | 0.25% |
Electric | 0.06% |
SUBTOTAL | 0.31% |
Non Corporate Sectors | |
Agencies - Not Government Guaranteed | 0.10% |
SUBTOTAL | 0.10% |
SUBTOTAL | 8.57% |
Collateralized Mortgage Obligations | |
Non-Agency Fixed Rate | 3.57% |
Non-Agency Floating Rate | 2.26% |
GSE Risk Share Floating Rate | 0.61% |
SUBTOTAL | 6.44% |
Global Governments | 6.28% |
Bank Loans | |
Industrial | |
Consumer Non-Cyclical | 0.73% |
Consumer Cyclical - Automotive | 0.61% |
Services | 0.55% |
Other Industrial | 0.54% |
Consumer Cyclical - Entertainment | 0.43% |
Consumer Cyclical - Retailers | 0.39% |
Consumer Cyclical - Other | 0.38% |
Basic | 0.37% |
Capital Goods | 0.20% |
Energy | 0.17% |
Technology | 0.16% |
Communications - Media | 0.09% |
SUBTOTAL | 4.62% |
Utility | |
Electric | 0.15% |
SUBTOTAL | 0.15% |
Non Corporate Sectors | |
Foreign Local Government - Municipal | 0.10% |
SUBTOTAL | 0.10% |
Financial Institutions | |
Insurance | 0.04% |
SUBTOTAL | 0.04% |
SUBTOTAL | 4.91% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 1.28% |
Capital Goods | 0.45% |
Basic | 0.41% |
Communications - Telecommunications | 0.38% |
Consumer Cyclical - Retailers | 0.27% |
Transportation - Airlines | 0.26% |
Energy | 0.14% |
Consumer Cyclical - Other | 0.06% |
SUBTOTAL | 3.25% |
Financial Institutions | |
Banking | 0.11% |
SUBTOTAL | 0.11% |
Utility | |
Electric | 0.08% |
SUBTOTAL | 0.08% |
SUBTOTAL | 3.44% |
Emerging Markets - Sovereigns | |
Emerging Markets - Sovereigns | 4.37% |
Credit Default Swaps | -1.29% |
SUBTOTAL | 3.08% |
Preferred Stocks | |
Financial Institutions | 2.39% |
Industrial | 0.06% |
Utility | 0.02% |
SUBTOTAL | 2.47% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 1.39% |
Non-Agency Floating Rate CMBS | 0.02% |
SUBTOTAL | 1.41% |
Local Governments - Municipal Bonds | 1.05% |
Emerging Markets - Treasuries | 0.87% |
Common Stocks | 0.85% |
Governments - Sovereign Agencies | 0.78% |
Asset-Backed Securities | |
Home Equity Loans - Fixed Rate | 0.63% |
Home Equity Loans - Floating Rate | 0.13% |
SUBTOTAL | 0.76% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 0.63% |
SUBTOTAL | 0.63% |
Whole Loan Trusts | |
Performing Asset | 0.51% |
SUBTOTAL | 0.51% |
Local Governments - Regional Bonds | 0.40% |
Options Purchased - Puts | |
Options on Funds and Investment Trusts | 0.02% |
Swaptions | 0.02% |
SUBTOTAL | 0.04% |
Options Purchased - Calls | |
Options on Indices | 0.01% |
SUBTOTAL | 0.01% |
Call Options Written | -0.01% |
Put Options Written | -0.01% |
Currency Instruments | |
Forward Currency Exchange Contracts | -0.20% |
SUBTOTAL | -0.20% |
Reverse Repurchase Agreements | -5.79% |
Interest Rate Swaps - SIFMA | -11.31% |
Net Cash Equivalents | |
Cash | 1.29% |
Investment Companies | 0.32% |
SUBTOTAL | 1.61% |
Derivative Offsets | |
Swaps Offsets | 11.05% |
Futures Offsets | -10.33% |
SUBTOTAL | 0.72% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 64.47% |
United Kingdom | 4.95% |
Brazil | 4.10% |
France | 1.74% |
Luxembourg | 1.67% |
Canada | 1.58% |
Dominican Republic | 1.56% |
Netherlands | 1.48% |
Ireland | 1.47% |
Germany | 1.17% |
Italy | 1.17% |
Mexico | 0.97% |
Switzerland | 0.90% |
South Africa | 0.88% |
Ivory Coast | 0.87% |
Venezuela | 0.76% |
Colombia | 0.75% |
El Salvador | 0.66% |
Indonesia | 0.63% |
Bermuda | 0.62% |
United Arab Emirates | 0.60% |
Australia | 0.55% |
Argentina | 0.52% |
Spain | 0.50% |
Kazakhstan | 0.39% |
Portugal | 0.37% |
Peru | 0.35% |
Croatia | 0.32% |
Norway | 0.27% |
Sweden | 0.27% |
Philippines | 0.26% |
Russia | 0.23% |
Macau | 0.23% |
Turkey | 0.21% |
India | 0.19% |
Costa Rica | 0.18% |
Singapore | 0.18% |
Barbados | 0.16% |
Bahrain | 0.15% |
Zambia | 0.15% |
Ghana | 0.13% |
Japan | 0.13% |
Lebanon | 0.11% |
Austria | 0.11% |
Pakistan | 0.11% |
Romania | 0.10% |
Denmark | 0.09% |
Belgium | 0.09% |
Hong Kong | 0.09% |
Guatemala | 0.08% |
Bulgaria | 0.08% |
Jamaica | 0.06% |
Virgin Islands (BVI) | 0.06% |
Sri Lanka | 0.06% |
Morocco | 0.05% |
Chile | 0.05% |
Kenya | 0.05% |
Mongolia | 0.04% |
Serbia | 0.03% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 96.84% |
Brazilian Real | 1.95% |
Indonesian Rupiah | 1.48% |
South Korean Won | 1.01% |
Malaysian Ringgit | 1.01% |
Peruvian Nuevo Sol | 0.99% |
Norwegian Krone | 0.97% |
New Turkish Lira | 0.78% |
South African Rand | 0.76% |
Colombian Peso | 0.57% |
Dominican Peso | 0.50% |
Philippine Peso | 0.27% |
Costa Rican Colon | 0.19% |
Hungarian Forint | 0.18% |
Great British Pound | 0.16% |
Swiss Franc | 0.04% |
Polish Zloty | -0.01% |
Euro | -0.59% |
Australian Dollar | -2.01% |
Canadian Dollar | -2.09% |
Japanese Yen | -3.00% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | -3.23% |
AA | 0.78% |
A | 2.31% |
BBB | 13.83% |
BB | 27.42% |
B | 33.17% |
CCC | 15.04% |
CC | 0.90% |
C | 0.02% |
D | 0.87% |
Not Rated | 4.11% |
Short Term Investments | 0.32% |
N/A | 4.46% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | 10.49% |
1 to 5 years | 45.63% |
5 to 10 years | 28.44% |
10 to 20 years | 7.43% |
20 to 30 years | 5.40% |
More than 30 years | 1.76% |
Other | 0.85% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.39% |
Average Bond Price : | 104.64 |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 14.92%* |
Preferred Stock: | 0.00% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 14.92% |
Tender Option Bonds: | 0.00% |
Average Maturity: | 6.67 Years |
Effective Duration: | 4.64 Years |
Total Net Assets: | $1,321.82 Million |
Net Asset Value: | $15.33 |
Number of Holdings: | 1141 |
Portfolio Turnover: | 36% |
* 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.