AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 28, 2010 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of November 30, 2010.
AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed Income Holdings
Portfolio %
1) Republic of Brazil 12.50%, 1/05/16 - 1/05/22 1.79%
2) Republic of Argentina 7.00%, 10/03/15 1.22%
3) Republic of Colombia 12.00%, 10/22/15 0.91%
4) Gaz Capital SA for Gazprom 6.51%, 3/07/22 0.91%
5) RSHB Capital SA for OJSC Russian Agricultural 0.89%
Bank 7.75%, 5/29/18
6) South Africa Government Bond Series R203 8.25%, 0.79%
9/15/17
7) Dominican Republic International Bond
8.625%, 0.69%
4/20/27
8) Turkey Government Bond 11.00%, 8/06/14 0.65%
9) Merrill Lynch/Countrywide Commercial Mortgage 0.64%
Trust Series 2006-4, Class AM 5.204%, 12/12/49
10) Banc of America Commercial Mortgage, Inc. 0.62%
Series 2007-5, Class A4 5.492%, 2/10/51
Fixed Income Holdings by Security Type
Portfolio %
Corporates - Non-Investment Grades
Industrial
Basic 5.63%
Consumer Non-Cyclical 5.60%
Communications - Media 4.92%
Consumer Cyclical - Other 4.24%
Capital Goods 4.20%
Energy 3.81%
Communications - Telecommunications 3.25%
Consumer Cyclical - Retailers 2.36%
Technology 2.36%
Consumer Cyclical - Automotive 1.91%
Services 1.37%
Other Industrial 1.33%
Transportation - Services 1.00%
Consumer Cyclical - Entertainment 0.82%
Transportation - Airlines 0.56%
Consumer Cyclical - Restaurants 0.52%
SUBTOTAL 43.88%
Financial Institutions
Banking 1.22%
Finance 1.10%
Insurance 0.92%
Other Finance 0.53%
Brokerage 0.34%
REITS 0.31%
SUBTOTAL 4.42%
Utility
Electric 2.23%
Natural Gas 0.57%
SUBTOTAL 2.80%
Credit Default Index Holdings
DJ CDX.NA.HY-100 0.40%
SUBTOTAL 0.40%
Non Corporate Sectors
Foreign Local Government - Municipal 0.13%
SUBTOTAL 0.13%
SUBTOTAL 51.63%
Corporates - Investment Grades
Financial Institutions
Banking 2.51%
Insurance 1.71%
Finance 0.39%
REITS 0.29%
Other Finance 0.23%
Brokerage 0.05%
SUBTOTAL 5.18%
Industrial
Basic 1.11%
Energy 0.80%
Other Industrial 0.35%
Capital Goods 0.24%
Technology 0.18%
Transportation - Services 0.18%
Communications - Telecommunications 0.17%
Consumer Non-Cyclical 0.15%
Services 0.15%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.08%
SUBTOTAL 3.55%
Non Corporate Sectors
Agencies - Not Government Guaranteed 1.82%
SUBTOTAL 1.82%
Utility
Electric 0.19%
SUBTOTAL 0.19%
SUBTOTAL 10.74%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 7.27%
Non-Agency Floating Rate CMBS 0.14%
SUBTOTAL 7.41%
Emerging Markets - Sovereigns 6.29%
Governments - Treasuries
Treasuries 4.19%
SUBTOTAL 4.19%
Quasi-Sovereigns
Quasi-Sovereign Bonds 3.62%
SUBTOTAL 3.62%
Emerging Markets - Treasuries 2.96%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.35%
Consumer Cyclical - Other 0.34%
Basic 0.29%
Other Industrial 0.28%
Consumer Cyclical - Retailers 0.21%
Communications - Telecommunications 0.20%
Energy 0.14%
Technology 0.09%
SUBTOTAL 1.90%
Financial Institutions
Banking 0.76%
Other Finance 0.23%
SUBTOTAL 0.99%
SUBTOTAL 2.89%
CMOs
Non-Agency Fixed Rate 1.26%
Non-Agency Floating Rate 0.80%
Non-Agency ARMs 0.16%
SUBTOTAL 2.22%
Bank Loans
Industrial
Communications - Media 0.44%
Communications - Telecommunications 0.21%
Capital Goods 0.19%
Basic 0.15%
Energy 0.15%
Consumer Cyclical - Automotive 0.14%
Consumer Cyclical - Entertainment 0.13%
Services 0.10%
Technology 0.09%
Consumer Cyclical - Retailers 0.08%
Consumer Cyclical - Other 0.07%
Consumer Non-Cyclical 0.03%
Consumer Cyclical - Restaurants 0.02%
SUBTOTAL 1.80%
Financial Institutions
Finance 0.11%
REITS 0.11%
SUBTOTAL 0.22%
Utility
Electric 0.18%
SUBTOTAL 0.18%
SUBTOTAL 2.20%
Governments - Sovereign Bonds 1.53%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 1.13%
Home Equity Loans - Floating Rate 0.31%
SUBTOTAL 1.44%
Supranationals 0.58%
Local Governments - Regional Bonds 0.54%
Preferred Stocks
Financial Institutions 0.39%
Industrial 0.13%
SUBTOTAL 0.52%
Inflation-Linked Securities 0.37%
Local Governments - Municipal Bonds 0.33%
Common Stocks 0.02%
Short-Term Investments
Investment Companies 0.52%
Total Fixed Income 100.00%
Country Breakdown
Portfolio %
United States 59.87%
Russia 5.80%
Brazil 4.00%
Argentina 2.46%
United Kingdom 2.40%
Ukraine 1.79%
South Africa 1.55%
Netherlands 1.53%
Colombia 1.51%
Turkey 1.33%
Kazakhstan 1.15%
El Salvador 1.03%
Canada 1.02%
Ireland 0.92%
Germany 0.88%
Hungary 0.82%
France 0.82%
Italy 0.72%
Dominican Republic 0.69%
Indonesia 0.69%
Philippines 0.68%
Hong Kong 0.62%
Supranational 0.58%
Croatia 0.55%
Switzerland 0.53%
Peru 0.48%
Venezuela 0.43%
China 0.41%
Uruguay 0.37%
Barbados 0.33%
India 0.33%
Ghana 0.32%
Luxembourg 0.31%
Iceland 0.29%
Egypt 0.27%
Greece 0.24%
Czech Republic 0.22%
Chile 0.21%
Australia 0.20%
New Zealand 0.19%
Poland 0.17%
Spain 0.15%
Trinidad & Tobago 0.14%
Sweden 0.13%
Lithuania 0.12%
Cote D'Ivoire 0.12%
Serbia & Montenegro 0.12%
Panama 0.10%
Japan 0.09%
Norway 0.08%
Austria 0.08%
Singapore 0.04%
Denmark 0.04%
Jamaica 0.04%
Bermuda 0.04%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 5.86%
AA 1.90%
A 4.72%
BBB 18.47%
BB 22.65%
B 32.47%
CCC 11.88%
CC 0.24%
D 0.12%
Short Term Investments 0.52%
Not Rated 1.17%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 15.78%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 15.78%
Average Maturity: 7.59 Years
Effective Duration: 5.07 Years
Total Net Assets: $1,280.82 Million
Net Asset Value: $15.04
Number of Holdings: 796
* 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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