NEW YORK, Jan. 26, 2015 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2014.
AllianceBernstein Global High Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Notes 1.625%, 8/31/19 | 5.69% |
2) U.S. Treasury Notes 1.50%, 10/31/19 | 5.65% |
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 | 1.31% |
4) Dominican Republic International Bond 8.625%, 4/20/27 | 0.82% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.64% |
6) El Salvador Government International Bond 7.65%, 6/15/35 | 0.62% |
7) Ivory Coast Government International Bond 5.75%, 12/31/32 | 0.60% |
8) Argentina Boden Bonds 7.00%, 10/03/15 | 0.52% |
9) Dominican Republic International Bond 16.00%, 7/10/20 | 0.52% |
10) South Africa Government Bond Series R207 7.25%, 1/15/20 | 0.43% |
Investment Type | Portfolio % |
Corporates - Non-Investment Grades | |
Industrial | |
Energy | 7.20% |
Consumer Non-Cyclical | 7.10% |
Communications - Media | 6.53% |
Capital Goods | 5.11% |
Technology | 4.63% |
Basic | 4.28% |
Communications - Telecommunications | 3.65% |
Consumer Cyclical - Other | 3.59% |
Consumer Cyclical - Retailers | 2.21% |
Other Industrial | 2.12% |
Consumer Cyclical - Automotive | 1.60% |
Services | 1.12% |
Transportation - Services | 0.92% |
Consumer Cyclical - Entertainment | 0.64% |
Transportation - Airlines | 0.53% |
Consumer Cyclical - Restaurants | 0.38% |
SUBTOTAL | 51.61% |
Financial Institutions | |
Banking | 3.69% |
Finance | 1.57% |
Other Finance | 1.12% |
Insurance | 1.05% |
Brokerage | 0.36% |
REITS | 0.15% |
SUBTOTAL | 7.94% |
Utility | |
Electric | 2.50% |
SUBTOTAL | 2.50% |
Credit Default Swaps | 0.26% |
Non Corporate Sectors | |
Agencies - Not Government Guaranteed | 0.14% |
SUBTOTAL | 0.14% |
SUBTOTAL | 62.45% |
Global Governments | 17.28% |
Corporates - Investment Grades | |
Financial Institutions | |
Insurance | 1.56% |
Banking | 1.44% |
Finance | 0.67% |
REITS | 0.46% |
SUBTOTAL | 4.13% |
Industrial | |
Basic | 1.87% |
Energy | 0.39% |
Other Industrial | 0.30% |
Communications - Telecommunications | 0.27% |
Capital Goods | 0.17% |
Communications - Media | 0.15% |
Consumer Non-Cyclical | 0.13% |
Transportation - Airlines | 0.08% |
Consumer Cyclical - Automotive | 0.04% |
Consumer Cyclical - Other | 0.02% |
SUBTOTAL | 3.42% |
Credit Default Swaps | 0.68% |
Non Corporate Sectors | |
Agencies - Not Government Guaranteed | 0.20% |
Energy | 0.04% |
SUBTOTAL | 0.24% |
Utility | |
Natural Gas | 0.11% |
SUBTOTAL | 0.11% |
SUBTOTAL | 8.58% |
Collateralized Mortgage Obligations | |
Non-Agency Fixed Rate | 3.47% |
Non-Agency Floating Rate | 2.19% |
GSE Risk Share Floating Rate | 1.52% |
SUBTOTAL | 7.18% |
Bank Loans | |
Industrial | |
Other Industrial | 0.63% |
Consumer Cyclical - Automotive | 0.61% |
Consumer Non-Cyclical | 0.59% |
Consumer Cyclical - Other | 0.41% |
Consumer Cyclical - Retailers | 0.31% |
Basic | 0.30% |
Consumer Cyclical - Entertainment | 0.23% |
Capital Goods | 0.21% |
Energy | 0.20% |
Communications - Media | 0.18% |
Technology | 0.17% |
SUBTOTAL | 3.84% |
Financial Institutions | |
Other Finance | 0.13% |
Insurance | 0.04% |
SUBTOTAL | 0.17% |
Utility | |
Electric | 0.17% |
SUBTOTAL | 0.17% |
Non Corporate Sectors | |
Foreign Local Government - Municipal | 0.07% |
SUBTOTAL | 0.07% |
SUBTOTAL | 4.25% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.88% |
Basic | 0.73% |
Capital Goods | 0.58% |
Consumer Cyclical - Retailers | 0.27% |
Transportation - Airlines | 0.27% |
Consumer Cyclical - Other | 0.18% |
Communications - Media | 0.14% |
Communications - Telecommunications | 0.14% |
Energy | 0.12% |
SUBTOTAL | 3.31% |
Utility | |
Electric | 0.14% |
SUBTOTAL | 0.14% |
Non Corporate Sectors | |
Agencies - Not Government Guaranteed | 0.12% |
SUBTOTAL | 0.12% |
Financial Institutions | |
Finance | 0.11% |
SUBTOTAL | 0.11% |
SUBTOTAL | 3.68% |
Emerging Markets - Sovereigns | |
Emerging Markets - Sovereigns | 3.89% |
Credit Default Swaps | -0.47% |
SUBTOTAL | 3.42% |
Preferred Stocks | |
Financial Institutions | 2.62% |
Industrial | 0.05% |
Utility | 0.03% |
SUBTOTAL | 2.70% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 2.23% |
Non-Agency Floating Rate CMBS | 0.02% |
SUBTOTAL | 2.25% |
Emerging Markets - Treasuries | 0.97% |
Local Governments - Municipal Bonds | 0.96% |
Whole Loan Trusts | |
Performing Asset | 0.91% |
SUBTOTAL | 0.91% |
Governments - Sovereign Agencies | 0.90% |
Asset-Backed Securities | |
Home Equity Loans - Fixed Rate | 0.66% |
Home Equity Loans - Floating Rate | 0.14% |
SUBTOTAL | 0.80% |
Common Stocks | 0.68% |
Total Return Swaps | 0.62% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 0.59% |
SUBTOTAL | 0.59% |
Local Governments - Regional Bonds | 0.32% |
Currency Instruments | |
Forward Currency Exchange Contracts | 0.28% |
SUBTOTAL | 0.28% |
Investment Companies | |
Funds and Investment Trusts | 0.18% |
SUBTOTAL | 0.18% |
Inflation-Linked Securities | 0.06% |
Interest Rate Swaps - SIFMA | -13.56% |
Reverse Repurchase Agreements | -17.87% |
Net Cash Equivalents | |
Investment Companies | 1.35% |
Repurchase Agreements | -0.20% |
Cash | -1.74% |
SUBTOTAL | -0.59% |
Derivative Offsets | |
Swaps Offsets | 12.96% |
SUBTOTAL | 12.96% |
Total Fixed Income | 100.00% |
Country Breakdown | Portfolio % |
United States | 69.52% |
United Kingdom | 3.56% |
Brazil | 3.38% |
Canada | 1.81% |
Ireland | 1.58% |
Luxembourg | 1.55% |
Dominican Republic | 1.41% |
France | 1.38% |
Netherlands | 1.20% |
Germany | 1.10% |
Mexico | 1.09% |
Italy | 0.84% |
Switzerland | 0.82% |
South Africa | 0.78% |
Indonesia | 0.69% |
Colombia | 0.58% |
El Salvador | 0.57% |
Ivory Coast | 0.51% |
Australia | 0.46% |
Argentina | 0.44% |
Bermuda | 0.40% |
Portugal | 0.40% |
Venezuela | 0.40% |
Spain | 0.39% |
Norway | 0.36% |
Kazakhstan | 0.34% |
Peru | 0.33% |
Croatia | 0.31% |
India | 0.30% |
Philippines | 0.25% |
United Arab Emirates | 0.25% |
Hong Kong | 0.25% |
Turkey | 0.20% |
Costa Rica | 0.17% |
Barbados | 0.17% |
Singapore | 0.16% |
Zambia | 0.14% |
Bahrain | 0.14% |
Bulgaria | 0.12% |
Japan | 0.12% |
Ghana | 0.12% |
Macau | 0.12% |
Pakistan | 0.11% |
Romania | 0.10% |
Lebanon | 0.10% |
China | 0.09% |
Jamaica | 0.09% |
Mongolia | 0.09% |
Trinidad & Tobago | 0.09% |
Denmark | 0.08% |
Belgium | 0.08% |
Sweden | 0.08% |
Guatemala | 0.07% |
Sri Lanka | 0.06% |
Morocco | 0.05% |
Kenya | 0.05% |
Uruguay | 0.05% |
Chile | 0.05% |
Serbia | 0.03% |
Virgin Islands (BVI) | 0.02% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 100.02% |
Brazilian Real | 2.00% |
Indonesian Rupiah | 1.03% |
Peruvian Nuevo Sol | 1.02% |
Mexican Peso | 0.99% |
South African Rand | 0.79% |
New Turkish Lira | 0.78% |
Dominican Peso | 0.52% |
Colombian Peso | 0.46% |
Philippine Peso | 0.30% |
Indian Rupee | 0.26% |
Costa Rican Colon | 0.21% |
Hungarian Forint | 0.17% |
Uruguayan Peso | 0.06% |
Swiss Franc | 0.04% |
Great British Pound | -0.63% |
Japanese Yen | -2.43% |
Euro | -2.53% |
Australian Dollar | -3.06% |
Total Investments | 100.00% |
Credit Rating | Portfolio % |
AAA | -4.19% |
AA | 0.34% |
A | 2.59% |
BBB | 13.78% |
BB | 29.69% |
B | 31.87% |
CCC | 15.92% |
CC | 0.85% |
C | 0.01% |
D | 0.62% |
Not Rated | 4.30% |
Short Term Investments | 1.16% |
N/A | 3.06% |
Total Investments | 100.00% |
Bonds By Maturity | Portfolio % |
Less than 1 year | -8.78% |
1 to 5 years | 52.45% |
5 to 10 years | 40.61% |
10 to 20 years | 7.75% |
20 to 30 years | 5.66% |
More than 30 years | 1.63% |
Other | 0.68% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.14% |
Average Bond Price: | 99.85% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 25.63%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 25.63% |
Average Maturity: | 7.83 Years |
Effective Duration: | 4.86 Years |
Total Net Assets: | $1,204.35 Million |
Net Asset Value: | $13.97 |
Number of Holdings: | 1167 |
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. |
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SOURCE AllianceBernstein Global High Income Fund, Inc.