AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2009.
AllianceBernstein Global High Income Fund As of: 12/31/2009 Top 10 Fixed-Income Holdings Portfolio % 1)Argentina Bonos 7.00%, 10/03/15 3.68% 2)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.74% 3)RSHB Capital SA for OJSC Russian 1.52% Agricultural Bank 7.75%, 5/29/18 4)Turkey Government Bond 16.00%, 3/07/12 1.38% 5)Republic of Colombia 7.375%, 1/27/17 - 1.31% 9/18/37 6)Republic of Philippines 9.875%, 1/15/19 1.21% 7)Citigroup/Deutsche Bank Commercial Mortgage 1.18% Trust Series 2006-CD2, Class A2 5.408%, 1/15/46 8)GS Mortgage Securities Corp. II Series 1.14% 2006-GG6, Class A2 5.506%, 4/10/38 9)Greenwich Capital Commercial Funding Corp. 1.13% Series 2005-GG5, Class A2 5.117%, 4/10/37 10)RSHB Capital SA for OJSC Russian 1.07% Agricultural Bank 6.299%, 5/15/17 Security Type Breakdown Portfolio % Corporates - Non-Investment Grades: Industrial: Basic 4.69% Consumer Non-Cyclical 3.71% Consumer Cyclical - Other 3.43% Communications - Media 2.79% Capital Goods 2.70% Energy 2.14% Technology 2.10% Communications - Telecommunications 2.04% Consumer Cyclical - Retailers 1.67% Consumer Cyclical - Automotive 1.19% Services 1.07% Transportation - Services 0.58% Other Industrial 0.52% Transportation - Airlines 0.20% Consumer Cyclical - Restaurants 0.14% Transportation - Railroads 0.13% Consumer Cyclical - Entertainment 0.09% SUBTOTAL 29.19% Financial Institutions: Banking 1.64% Finance 0.78% Insurance 0.69% Other Finance 0.27% REITS 0.20% Brokerage 0.14% SUBTOTAL 3.72% Utility: Electric 2.00% Natural Gas 0.49% SUBTOTAL 2.49% Credit Default Index Holdings: DJ CDX.NA.HY-100 0.90% SUBTOTAL 0.90% SUBTOTAL 36.30% Emerging Markets - Sovereigns: (none): Sovereign 18.99% SUBTOTAL 18.99% Corporates - Investment Grades: Financial Institutions: Banking 2.19% Insurance 0.87% Finance 0.37% Other Finance 0.27% SUBTOTAL 3.70% Industrial: Basic 1.36% Energy 0.59% Communications - Telecommunications 0.41% Capital Goods 0.29% Other Industrial 0.25% Consumer Non-Cyclical 0.18% Technology 0.09% Consumer Cyclical - Retailers 0.02% SUBTOTAL 3.19% Non Corporate Sectors: Agencies - Not Government Guaranteed 2.58% SUBTOTAL 2.58% Utility: Electric 0.31% SUBTOTAL 0.31% SUBTOTAL 9.78% Commercial Mortgage-Backed Securities: Non-Agency Fixed Rate CMBS 8.41% Quasi-Sovereigns: Quasi-Sovereign Bonds 5.82% Governments - Sovereign Bonds 4.54% Governments - Treasuries: Treasuries 4.40% Emerging Markets - Treasuries: (none): Sovereign 2.55% SUBTOTAL 2.55% Bank Loans: Industrial: Communications - Media 0.41% Capital Goods 0.35% Consumer Non-Cyclical 0.19% Services 0.17% Technology 0.16% Consumer Cyclical - Other 0.14% Basic 0.11% Energy 0.07% Consumer Cyclical - Retailers 0.06% Other Industrial 0.02% Consumer Cyclical - Automotive 0.01% SUBTOTAL 1.69% Financial Institutions: Finance 0.26% Insurance 0.03% SUBTOTAL 0.29% Utility: Electric 0.21% SUBTOTAL 0.21% SUBTOTAL 2.19% Emerging Markets - Corporate Bonds: Industrial: Basic 0.35% Communications - Media 0.23% Consumer Cyclical - Retailers 0.17% Energy 0.15% Consumer Non-Cyclical 0.11% SUBTOTAL 1.01% Financial Institutions: Banking 0.72% Other Finance 0.24% SUBTOTAL 0.96% SUBTOTAL 1.97% Asset-Backed Securities: Credit Cards - Floating Rate 1.05% Home Equity Loans - Floating Rate 0.24% SUBTOTAL 1.29% Equities: Common Stock 0.32% Warrants 0.09% SUBTOTAL 0.41% CMOs: Non-Agency ARMS 0.37% Governments - Sovereign Agencies 0.35% Local Governments - Regional Bonds 0.32% Inflation-Linked Securities 0.31% Supranationals 0.07% Preferred Stocks: Financial Institutions 0.06% Non Corporate Sectors 0.01% SUBTOTAL 0.07% Short-Term Investments: Investment Companies 1.86% Total 100.00% Country Breakdown Portfolio % United States 46.97% Russia 9.34% Brazil 6.82% Argentina 4.21% Indonesia 3.72% Colombia 2.99% Turkey 2.59% Venezuela 1.86% Philippines 1.81% Kazakhstan 1.69% United Kingdom 1.39% Uruguay 1.36% Ukraine 1.32% Peru 1.31% El Salvador 1.12% Dominican Republic 1.07% Panama 1.01% Canada 1.00% Hungary 0.90% South Africa 0.68% France 0.64% Hong Kong 0.60% Netherlands 0.46% Germany 0.44% Egypt 0.40% India 0.36% Iceland 0.34% Lithuania 0.33% Croatia 0.29% Ireland 0.28% Barbados 0.23% Bermuda 0.22% Gabon 0.22% Japan 0.22% Norway 0.21% Ghana 0.19% Poland 0.17% Serbia & Montenegro 0.16% Trinidad And Tobago 0.15% Luxembourg 0.15% Singapore 0.14% Cayman Islands 0.14% Czech Republic 0.12% Australia 0.11% Nigeria 0.09% Italy 0.08% Supranational 0.07% Costa Rica 0.02% Belgium 0.01% Total 100.00% Credit Quality Breakdown Portfolio % AAA 9.53% AA 0.62% A 2.60% BBB 24.85% BB 28.14% B 22.37% CCC 8.95% CC 0.54% C 0.07% D 0.46% A-1+ 1.87% Total Investments 100.00% Portfolio Statistics: Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 8.61%* Preferred Stock: 0.00% Term Asset-Backed Loans Facility (TALF): 3.55% Total: 12.16% Avg. Maturity: 8.31 Years Effective Duration: 5.11 Years Total Net Assets: $1,183.7 Million Net Asset Value: $13.90 Number of Holdings: 631
* 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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