AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update - WSET.com - ABC13

AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

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SOURCE AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Aug. 26, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of July 31, 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

1.44%

2) Dominican Republic International Bond 8.625%, 4/20/27

0.80%

3) Ivory Coast Government International Bond 5.75%, 12/31/32

0.65%

4) El Salvador Government International Bond 7.65%, 6/15/35

0.58%

5) U.S. Treasury Bonds 5.25%, 2/15/29

0.56%

6) Venezuela Government International Bond 9.25%, 9/15/27 - 5/07/28

0.56%

7) Dominican Republic International Bond 16.00%, 7/10/20

0.51%

8) Argentina Boden Bonds 7.00%, 10/03/15

0.46%

9) South Africa Government Bond Series R207 7.25%, 1/15/20

0.43%

10) Vale Overseas Ltd. 6.875%, 11/21/36

0.41%



Investment Type

Portfolio %

Corporates - Non-Investment Grades


Industrial


Energy

8.37%

Consumer Non-Cyclical

8.23%

Communications - Media

5.60%

Capital Goods

5.05%

Technology

4.77%

Basic

4.18%

Communications - Telecommunications

3.72%

Consumer Cyclical - Other

3.02%

Consumer Cyclical - Retailers

2.33%

Other Industrial

2.18%

Consumer Cyclical - Automotive

1.61%

Services

1.38%

Transportation - Services

0.87%

Transportation - Airlines

0.46%

Consumer Cyclical - Entertainment

0.42%

Consumer Cyclical - Restaurants

0.17%

Finance

0.03%

SUBTOTAL

52.39%

Financial Institutions


Banking

3.23%

Finance

1.39%

Insurance

1.08%

Other Finance

0.93%

Brokerage

0.43%

REITS

0.14%

SUBTOTAL

7.20%

Utility


Electric

1.75%

SUBTOTAL

1.75%

Credit Default Swaps

1.23%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.13%

SUBTOTAL

0.13%

SUBTOTAL

62.70%

Interest Rate Futures

10.38%

Corporates - Investment Grades


Financial Institutions


Banking

1.87%

Insurance

1.69%

Finance

0.63%

REITS

0.43%

SUBTOTAL

4.62%

Industrial


Basic

1.97%

Communications - Telecommunications

0.47%

Energy

0.46%

Communications - Media

0.26%

Capital Goods

0.16%

Consumer Non-Cyclical

0.12%

Other Industrial

0.12%

Transportation - Airlines

0.08%

Consumer Cyclical - Automotive

0.04%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.70%

Credit Default Swaps

0.68%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.10%

SUBTOTAL

0.10%

SUBTOTAL

9.10%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.59%

Non-Agency Floating Rate

2.96%

SUBTOTAL

6.55%

Global Governments

6.32%

Bank Loans


Industrial


Consumer Non-Cyclical

0.76%

Consumer Cyclical - Automotive

0.56%

Other Industrial

0.53%

Consumer Cyclical - Entertainment

0.43%

Consumer Cyclical - Retailers

0.39%

Consumer Cyclical - Other

0.38%

Basic

0.37%

Services

0.32%

Capital Goods

0.20%

Communications - Media

0.18%

Technology

0.16%

Energy

0.09%

SUBTOTAL

4.37%

Utility


Electric

0.15%

SUBTOTAL

0.15%

Non Corporate Sectors


Foreign Local Government - Municipal

0.09%

SUBTOTAL

0.09%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.65%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

1.27%

Capital Goods

0.52%

Basic

0.47%

Consumer Cyclical - Retailers

0.27%

Transportation - Airlines

0.26%

Consumer Cyclical - Other

0.17%

Communications - Telecommunications

0.16%

Energy

0.14%

SUBTOTAL

3.26%

Financial Institutions


Banking

0.12%

Finance

0.11%

SUBTOTAL

0.23%

Utility


Electric

0.13%

SUBTOTAL

0.13%

SUBTOTAL

3.62%

Emerging Markets - Sovereigns


Emerging Markets - Sovereigns

4.20%

Credit Default Swaps

-1.27%

SUBTOTAL

2.93%

Preferred Stocks


Financial Institutions

2.30%

Industrial

0.06%

Utility

0.02%

SUBTOTAL

2.38%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

1.87%

Non-Agency Floating Rate CMBS

0.03%

SUBTOTAL

1.90%

Emerging Markets - Treasuries

0.90%

Local Governments - Municipal Bonds

0.86%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.62%

Home Equity Loans - Floating Rate

0.14%

SUBTOTAL

0.76%

Governments - Sovereign Agencies

0.76%

Quasi-Sovereigns


Quasi-Sovereign Bonds

0.64%

SUBTOTAL

0.64%

Whole Loan Trusts


Performing Asset

0.59%

SUBTOTAL

0.59%

Local Governments - Regional Bonds

0.40%

Common Stocks

0.27%

Currency Instruments


Forward Currency Exchange Contracts

0.19%

SUBTOTAL

0.19%

Options Purchased - Puts


Swaptions

0.03%

Options on Funds and Investment Trusts

0.02%

Options on Indices

0.02%

SUBTOTAL

0.07%

Options Purchased - Calls


Options on Indices

0.06%

SUBTOTAL

0.06%

Put Options Written

-0.02%

Call Options Written

-0.03%

Reverse Repurchase Agreements

-7.22%

Interest Rate Swaps - SIFMA

-11.34%

Net Cash Equivalents


Investment Companies

2.70%

Foreign Currency

-0.01%

Cash

-0.66%

SUBTOTAL

2.03%

Derivative Offsets


Swaps Offsets

10.99%

Futures Offsets

-10.44%

SUBTOTAL

0.55%


100.00%



Country Breakdown

Portfolio %

United States

65.86%

United Kingdom

5.06%

Brazil

4.01%

France

1.68%

Luxembourg

1.68%

Dominican Republic

1.55%

Canada

1.52%

Netherlands

1.43%

Ireland

1.33%

Mexico

1.14%

Italy

1.10%

Germany

1.03%

Switzerland

0.87%

South Africa

0.81%

Indonesia

0.74%

Venezuela

0.74%

Colombia

0.73%

El Salvador

0.66%

Ivory Coast

0.60%

United Arab Emirates

0.58%

Australia

0.53%

Argentina

0.50%

Spain

0.48%

Portugal

0.43%

Kazakhstan

0.39%

Peru

0.34%

Croatia

0.32%

Norway

0.26%

Philippines

0.25%

Macau

0.23%

Russia

0.22%

Turkey

0.20%

Costa Rica

0.18%

Singapore

0.17%

Barbados

0.15%

India

0.15%

Zambia

0.15%

Bahrain

0.15%

Ghana

0.13%

Hong Kong

0.12%

Bulgaria

0.12%

Japan

0.12%

Austria

0.11%

Pakistan

0.11%

Lebanon

0.10%

Romania

0.10%

Denmark

0.09%

Mongolia

0.09%

Belgium

0.09%

Jamaica

0.09%

Guatemala

0.08%

Bermuda

0.07%

Virgin Islands (BVI)

0.06%

Sri Lanka

0.06%

China

0.06%

Chile

0.05%

Kenya

0.05%

Morocco

0.05%

Serbia

0.03%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

98.65%

Brazilian Real

1.93%

Malaysian Ringgit

1.02%

South Korean Won

1.01%

Indonesian Rupiah

1.01%

Peruvian Nuevo Sol

1.00%

Norwegian Krone

0.96%

New Turkish Lira

0.78%

South African Rand

0.78%

Dominican Peso

0.51%

Colombian Peso

0.46%

Philippine Peso

0.27%

Indian Rupee

0.25%

Mexican Peso

0.22%

Costa Rican Colon

0.19%

Hungarian Forint

0.17%

Swiss Franc

0.04%

Great British Pound

-0.32%

Euro

-1.46%

Canadian Dollar

-1.50%

Japanese Yen

-2.98%

Australian Dollar

-2.99%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

-4.48%

AA

0.83%

A

2.31%

BBB

13.90%

BB

27.33%

B

34.21%

CCC

15.43%

CC

0.92%

C

0.02%

D

0.85%

Not Rated

3.54%

Short Term Investments

2.70%

N/A

2.44%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

5.38%

1 to 5 years

46.81%

5 to 10 years

32.49%

10 to 20 years

7.99%

20 to 30 years

5.65%

More than 30 years

1.41%

Other

0.27%

Total Net Assets

100.00%

Portfolio Statistics:


Average Coupon:

8.42%

Average Bond Price :

107.66

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

16.48%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

16.48%

Average Maturity:

6.33 Years

Effective Duration:

4.76 Years

Total Net Assets:

$1,307.77 Million

Net Asset Value:

$15.17

Number of Holdings:

1171

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.

©2012 PR Newswire. All Rights Reserved.

 
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