AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31, 2010.
AllianceBernstein Global High Income Fund
As of: 3/31/2010
Top 10 Fixed-Income Holdings
Portfolio %
1)Republic of Brazil 12.50%, 1/05/16 - 1/05/22 2.54%
2)RSHB Capital SA for OJSC Russian 1.43%
Agricultural Bank 7.75%, 5/29/18
3)Argentina Bonos 7.00%, 10/03/15 1.34%
4)Republic of Colombia 7.375%, 1/27/17 - 1.23%
9/18/37
5)Republic of Philippines 9.875%, 1/15/19 1.11%
6)RSHB Capital SA for OJSC Russian 1.01%
Agricultural Bank 6.299%, 5/15/17
7)Citibank Omni Master Trust Series 2009-A14A, 1.00%
Class A14 2.98%, 8/15/18
8)Republic of Indonesia 6.875%, 1/17/18 0.94%
9)Gaz Capital SA 6.51%, 3/07/22 0.93%
10)Republic of Colombia 12.00%, 10/22/15 0.91%
Security Type Breakdown
Portfolio %
Corporates - Non-Investment Grades:
Industrial:
Basic 5.59%
Consumer Non-Cyclical 4.32%
Capital Goods 3.80%
Communications - Media 3.79%
Consumer Cyclical - Other 3.63%
Energy 2.86%
Communications - Telecommunications 2.61%
Consumer Cyclical - Retailers 2.21%
Technology 2.19%
Services 1.30%
Consumer Cyclical - Automotive 1.20%
Other Industrial 0.57%
Transportation - Services 0.57%
Transportation - Airlines 0.38%
Consumer Cyclical - Restaurants 0.22%
Consumer Cyclical - Entertainment 0.15%
Transportation - Railroads 0.12%
SUBTOTAL 35.51%
Financial Institutions:
Banking 1.90%
Finance 1.33%
Insurance 1.31%
Brokerage 0.35%
Other Finance 0.23%
SUBTOTAL 5.12%
Utility:
Electric 1.99%
Natural Gas 0.56%
SUBTOTAL 2.55%
Credit Default Index Holdings:
DJ CDX.NA.HY-100 0.49%
SUBTOTAL 0.49%
SUBTOTAL 43.67%
Emerging Markets - Sovereigns:
(none):
Sovereign 16.18%
SUBTOTAL 16.18%
Corporates - Investment Grades:
Industrial:
Basic 1.32%
Energy 0.52%
Other Industrial 0.34%
Communications - Telecommunications 0.32%
Consumer Cyclical - Automotive 0.32%
Capital Goods 0.27%
Consumer Non-Cyclical 0.18%
Technology 0.17%
Services 0.16%
Consumer Cyclical - Retailers 0.12%
Transportation - Airlines 0.08%
SUBTOTAL 3.80%
Financial Institutions:
Banking 1.94%
Insurance 1.14%
Finance 0.36%
Other Finance 0.25%
SUBTOTAL 3.69%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 2.02%
SUBTOTAL 2.02%
Utility:
Electric 0.13%
SUBTOTAL 0.13%
SUBTOTAL 9.64%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 6.46%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 5.62%
Governments - Treasuries:
Treasuries 4.61%
Governments - Sovereign Bonds 3.67%
Bank Loans:
Industrial:
Communications - Media 0.47%
Capital Goods 0.40%
Technology 0.25%
Consumer Cyclical - Automotive 0.22%
Basic 0.17%
Services 0.16%
Consumer Cyclical - Other 0.13%
Consumer Cyclical - Retailers 0.12%
Consumer Non-Cyclical 0.07%
Energy 0.06%
Other Industrial 0.02%
SUBTOTAL 2.07%
Financial Institutions:
Finance 0.22%
REITS 0.11%
Insurance 0.02%
SUBTOTAL 0.35%
Utility:
Electric 0.19%
SUBTOTAL 0.19%
SUBTOTAL 2.61%
Emerging Markets - Corporate Bonds:
Industrial:
Basic 0.35%
Communications - Media 0.22%
Consumer Cyclical - Retailers 0.19%
Energy 0.13%
Other Industrial 0.12%
Consumer Non-Cyclical 0.10%
SUBTOTAL 1.11%
Financial Institutions:
Banking 0.71%
Other Finance 0.24%
SUBTOTAL 0.95%
SUBTOTAL 2.06%
Emerging Markets - Treasuries:
(none):
Sovereign 1.38%
SUBTOTAL 1.38%
Asset-Backed Securities:
Credit Cards - Floating Rate 1.01%
Home Equity Loans - Floating Rate 0.17%
SUBTOTAL 1.18%
CMOs:
Non-Agency Floating Rate 0.46%
Non-Agency ARMS 0.32%
SUBTOTAL 0.78%
Equities:
Common Stock 0.44%
Warrants 0.01%
SUBTOTAL 0.45%
Inflation-Linked Securities 0.34%
Local Governments - Regional Bonds 0.32%
Preferred Stocks:
Financial Institutions 0.19%
Non Corporate Sectors 0.01%
SUBTOTAL 0.20%
Local Governments - Municipal Bonds 0.14%
Supranationals 0.13%
Governments - Sovereign Agencies 0.10%
Short-Term Investments:
Investment Companies 0.46%
Total 100.00%
Country Breakdown
Portfolio %
United States 51.24%
Russia 7.68%
Brazil 6.12%
Indonesia 3.50%
Colombia 2.87%
Venezuela 2.10%
Kazakhstan 2.04%
United Kingdom 2.03%
Argentina 1.83%
Philippines 1.67%
Ukraine 1.43%
South Africa 1.39%
Uruguay 1.35%
Canada 1.29%
Turkey 1.27%
Peru 1.24%
El Salvador 1.10%
Dominican Republic 1.00%
Hungary 0.99%
Panama 0.93%
Netherlands 0.71%
Ireland 0.62%
Germany 0.52%
Lithuania 0.45%
India 0.36%
Hong Kong 0.34%
Ghana 0.32%
Iceland 0.30%
France 0.28%
Croatia 0.27%
Czech Republic 0.25%
Japan 0.22%
Egypt 0.22%
Barbados 0.22%
Gabon 0.21%
Bermuda 0.20%
Italy 0.16%
Trinidad And Tobago 0.14%
Luxembourg 0.14%
Jamaica 0.14%
Supranational 0.13%
Serbia & Montenegro 0.13%
Cayman Islands 0.13%
Norway 0.13%
Australia 0.10%
Poland 0.09%
Switzerland 0.09%
Denmark 0.04%
Costa Rica 0.01%
Belgium 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 7.16%
AA 0.53%
A 3.15%
BBB 24.03%
BB 27.89%
B 25.56%
CCC 10.50%
CC 0.23%
C 0.07%
D 0.41%
A-1+ 0.47%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 12.42%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans
Facility (TALF): .82%
Total Fund Leverage: 13.24%
Avg. Maturity: 8.65 Years
Effective Duration: 5.65 Years
Total Net Assets: $1,232.8 Million
Net Asset Value: $14.47
Number of Holdings: 698
* 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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