AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, May 23, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of April 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 |
1.91% |
| 2) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.88% |
| 3) Dominican Republic International Bond 8.625%, 4/20/27 |
0.73% |
| 4) El Salvador Government International Bond 7.65%, 6/15/35 |
0.55% |
| 5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.55% |
| 6) Dominican Republic International Bond 16.00%, 7/10/20 |
0.47% |
| 7) Argentina Boden Bonds 7.00%, 10/03/15 |
0.47% |
| 8) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.43% |
| 9) Vale Overseas Ltd. 6.875%, 11/21/36 |
0.40% |
| 10) Care UK Health & Social Care PLC 9.75%, 8/01/17 |
0.40% |
| Investment Type |
Portfolio % |
| Corporates - Non-Investment Grades |
|
| Industrial |
|
| Consumer Non-Cyclical |
7.80% |
| Energy |
6.42% |
| Communications - Media |
5.71% |
| Technology |
5.25% |
| Capital Goods |
4.80% |
| Basic |
4.53% |
| Communications - Telecommunications |
3.27% |
| Consumer Cyclical - Other |
2.73% |
| Other Industrial |
2.38% |
| Services |
1.99% |
| Consumer Cyclical - Retailers |
1.82% |
| Consumer Cyclical - Automotive |
1.79% |
| Transportation - Services |
0.92% |
| Consumer Cyclical - Entertainment |
0.59% |
| Transportation - Airlines |
0.37% |
| Consumer Cyclical - Restaurants |
0.11% |
| SUBTOTAL |
50.48% |
| Financial Institutions |
|
| Banking |
3.11% |
| Finance |
1.60% |
| Insurance |
1.02% |
| Other Finance |
0.93% |
| Brokerage |
0.42% |
| REITS |
0.14% |
| SUBTOTAL |
7.22% |
| Utility |
|
| Electric |
1.59% |
| Natural Gas |
1.16% |
| SUBTOTAL |
2.75% |
| Credit Default Swaps |
2.62% |
| SUBTOTAL |
63.07% |
| Global Governments |
17.71% |
| Corporates - Investment Grades |
|
| Financial Institutions |
|
| Banking |
1.73% |
| Insurance |
1.64% |
| REITS |
0.42% |
| Finance |
0.35% |
| SUBTOTAL |
4.14% |
| Industrial |
|
| Basic |
1.93% |
| Communications - Telecommunications |
0.29% |
| Capital Goods |
0.25% |
| Communications - Media |
0.24% |
| Other Industrial |
0.17% |
| Consumer Non-Cyclical |
0.11% |
| Transportation - Airlines |
0.08% |
| Consumer Cyclical - Automotive |
0.04% |
| Consumer Cyclical - Other |
0.02% |
| SUBTOTAL |
3.13% |
| Credit Default Swaps |
0.67% |
| Utility |
|
| Natural Gas |
0.25% |
| SUBTOTAL |
0.25% |
| Non Corporate Sectors |
|
| Agencies - Not Government Guaranteed |
0.10% |
| SUBTOTAL |
0.10% |
| SUBTOTAL |
8.29% |
| Collateralized Mortgage Obligations |
|
| Non-Agency Fixed Rate |
3.66% |
| Non-Agency Floating Rate |
3.07% |
| SUBTOTAL |
6.73% |
| Bank Loans |
|
| Industrial |
|
| Consumer Non-Cyclical |
0.73% |
| Consumer Cyclical - Automotive |
0.62% |
| Other Industrial |
0.55% |
| Consumer Cyclical - Entertainment |
0.43% |
| Consumer Cyclical - Other |
0.41% |
| Basic |
0.37% |
| Consumer Cyclical - Retailers |
0.35% |
| Services |
0.32% |
| Technology |
0.29% |
| Capital Goods |
0.20% |
| Energy |
0.17% |
| Communications - Media |
0.09% |
| SUBTOTAL |
4.53% |
| Non Corporate Sectors |
|
| Foreign Local Government - Municipal |
0.12% |
| SUBTOTAL |
0.12% |
| Financial Institutions |
|
| Insurance |
0.04% |
| SUBTOTAL |
0.04% |
| SUBTOTAL |
4.69% |
| Emerging Markets - Corporate Bonds |
|
| Industrial |
|
| Consumer Non-Cyclical |
1.24% |
| Capital Goods |
0.44% |
| Basic |
0.40% |
| Communications - Telecommunications |
0.37% |
| Consumer Cyclical - Retailers |
0.26% |
| Transportation - Airlines |
0.26% |
| Consumer Cyclical - Other |
0.14% |
| Energy |
0.14% |
| Transportation - Services |
0.08% |
| SUBTOTAL |
3.33% |
| Financial Institutions |
|
| Finance |
0.17% |
| Banking |
0.11% |
| SUBTOTAL |
0.28% |
| SUBTOTAL |
3.61% |
| Emerging Markets - Sovereigns |
|
| Emerging Markets - Sovereigns |
3.71% |
| Credit Default Swaps |
-0.31% |
| SUBTOTAL |
3.40% |
| Preferred Stocks |
|
| Financial Institutions |
2.22% |
| Industrial |
0.06% |
| Utility |
0.02% |
| SUBTOTAL |
2.30% |
| Commercial Mortgage-Backed Securities |
|
| Non-Agency Fixed Rate CMBS |
1.26% |
| Non-Agency Floating Rate CMBS |
0.03% |
| SUBTOTAL |
1.29% |
| Local Governments - Municipal Bonds |
1.06% |
| Emerging Markets - Treasuries |
0.87% |
| Common Stocks |
0.83% |
| Asset-Backed Securities |
|
| Home Equity Loans - Fixed Rate |
0.63% |
| Home Equity Loans - Floating Rate |
0.14% |
| SUBTOTAL |
0.77% |
| Governments - Sovereign Agencies |
0.68% |
| Quasi-Sovereigns |
|
| Quasi-Sovereign Bonds |
0.60% |
| SUBTOTAL |
0.60% |
| Whole Loan Trusts |
|
| Performing Asset |
0.53% |
| SUBTOTAL |
0.53% |
| Local Governments - Regional Bonds |
0.38% |
| Options Purchased - Puts |
|
| Swaptions |
0.03% |
| SUBTOTAL |
0.03% |
| Call Options Written |
|
| Swaptions |
-0.01% |
| SUBTOTAL |
-0.01% |
| Put Options Written |
|
| Swaptions |
-0.01% |
| SUBTOTAL |
-0.01% |
| Reverse Repurchase Agreements |
-6.20% |
| Interest Rate Swaps - SIFMA |
-11.34% |
| Net Cash Equivalents |
|
| Investment Companies |
2.00% |
| Cash |
1.10% |
| SUBTOTAL |
3.10% |
| Derivative Offsets |
|
| Swaps Offsets |
8.64% |
| Futures Offsets |
-11.02% |
| SUBTOTAL |
-2.38% |
| 100.00% |
|
| Country Breakdown |
Portfolio % |
| United States |
65.49% |
| United Kingdom |
4.81% |
| Brazil |
4.34% |
| France |
1.71% |
| Luxembourg |
1.63% |
| Canada |
1.56% |
| Dominican Republic |
1.48% |
| Netherlands |
1.40% |
| Ireland |
1.33% |
| Germany |
1.30% |
| Mexico |
0.95% |
| Italy |
0.95% |
| Switzerland |
0.90% |
| South Africa |
0.88% |
| Ivory Coast |
0.84% |
| El Salvador |
0.65% |
| Bermuda |
0.63% |
| Colombia |
0.63% |
| United Arab Emirates |
0.60% |
| Indonesia |
0.59% |
| Australia |
0.55% |
| Argentina |
0.52% |
| Spain |
0.44% |
| Venezuela |
0.44% |
| Russia |
0.39% |
| Kazakhstan |
0.39% |
| Portugal |
0.37% |
| Peru |
0.34% |
| Croatia |
0.32% |
| Sweden |
0.27% |
| Philippines |
0.24% |
| Singapore |
0.23% |
| Norway |
0.23% |
| Hong Kong |
0.22% |
| Turkey |
0.20% |
| Costa Rica |
0.19% |
| India |
0.18% |
| Denmark |
0.18% |
| Barbados |
0.15% |
| Bahrain |
0.15% |
| Ghana |
0.13% |
| Japan |
0.13% |
| Chile |
0.13% |
| Austria |
0.12% |
| Pakistan |
0.11% |
| Romania |
0.10% |
| Macau |
0.10% |
| Belgium |
0.09% |
| Zambia |
0.08% |
| Guatemala |
0.07% |
| Jamaica |
0.06% |
| Sri Lanka |
0.06% |
| Virgin Islands (BVI) |
0.06% |
| Morocco |
0.05% |
| Serbia |
0.03% |
| Euro Zone |
0.01% |
| Total Investments |
100.00% |
| Net Currency Exposure Breakdown |
Portfolio % |
| United States Dollar |
95.73% |
| Brazilian Real |
2.01% |
| Indonesian Rupiah |
1.04% |
| Malaysian Ringgit |
1.00% |
| Peruvian Nuevo Sol |
0.99% |
| New Turkish Lira |
0.79% |
| South African Rand |
0.77% |
| Colombian Peso |
0.54% |
| Dominican Peso |
0.47% |
| Philippine Peso |
0.25% |
| Costa Rican Colon |
0.20% |
| Hungarian Forint |
0.18% |
| Euro |
0.11% |
| Swiss Franc |
0.04% |
| Canadian Dollar |
0.01% |
| Great British Pound |
-0.15% |
| Polish Zloty |
-1.99% |
| Japanese Yen |
-1.99% |
| Total Net Assets |
100.00% |
| Credit Rating |
Portfolio % |
| AAA |
-3.79% |
| AA |
0.52% |
| A |
3.07% |
| BBB |
13.69% |
| BB |
26.75% |
| B |
32.31% |
| CCC |
15.69% |
| CC |
0.86% |
| C |
0.02% |
| D |
0.90% |
| Not Rated |
3.57% |
| Short Term Investments |
2.00% |
| N/A |
4.41% |
| 100.00% |
|
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
10.97% |
| 1 to 5 years |
46.23% |
| 5 to 10 years |
27.92% |
| 10 to 20 years |
7.23% |
| 20 to 30 years |
5.09% |
| More than 30 years |
1.73% |
| Other |
0.83% |
| Total Net Assets |
100.00% |
| Portfolio Statistics: |
|
| Average Coupon: |
7.43% |
| Average Bond Price : |
104.01 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
12.31%* |
| Preferred Stock: |
0.00% |
| Tender Option Bonds: |
0.00% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
12.31% |
| Average Maturity: |
6.58 Years |
| Effective Duration: |
4.55 Years |
| Total Net Assets: |
$1,312.96 Million |
| Net Asset Value: |
$15.23 |
| Number of Holdings: |
1120 |
| 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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