Welcome!

News Feed Item

AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2012.

AllianceBernstein Global High Income Fund, Inc.


Top 10 Fixed Income Holdings



Portfolio %

1) U.S. Treasury Bonds 3.125%, 2/15/42

1.82%

2) Russian Agricultural Bank OJSC Via RSHB Capital SA 7.75%, 5/29/18

0.93%

3) Republic of Brazil 12.50%, 1/05/22

0.87%

4) Argentina Bonos 7.00%, 10/03/15

0.81%

5) Ivory Coast Government International Bond 3.75%, 12/31/32

0.76%

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

0.68%

7) Turkey Government Bond 9.00%, 1/27/16

0.63%

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

0.52%

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

0.48%

10) Argentina Bonos Series X 7.00%, 4/17/17

0.47%



Fixed Income Holdings by Security Type


Portfolio %

Corporates - Non-Investment Grades


     Industrial


          Consumer Non-Cyclical

6.81%

          Capital Goods

5.72%

          Energy

4.60%

          Communications - Media

4.50%

          Basic

4.07%

          Technology

3.67%

          Consumer Cyclical - Other

3.49%

          Communications - Telecommunications

3.38%

          Consumer Cyclical - Automotive

1.67%

          Services

1.66%

          Other Industrial

1.55%

          Consumer Cyclical - Retailers

1.41%

          Transportation - Services

0.95%

          Consumer Cyclical - Entertainment

0.68%

          Transportation - Airlines

0.44%

          Consumer Cyclical - Restaurants

0.25%

          Transportation - Railroads

0.03%

     SUBTOTAL

44.88%

     Financial Institutions


          Banking

1.77%

          Finance

1.11%

          Other Finance

0.88%

          Insurance

0.59%

          Brokerage

0.36%

     SUBTOTAL

4.71%

     Utility

          Electric

1.82%

          Natural Gas

0.99%

     SUBTOTAL

2.81%

SUBTOTAL

52.40%

Governments - Treasuries

     Treasuries

8.14%

SUBTOTAL

8.14%

Corporates - Investment Grades


     Financial Institutions


          Insurance

2.28%

          Banking

1.68%

          REITS

0.48%

          Finance

0.39%

          Other Finance

0.21%

          Brokerage

0.09%

     SUBTOTAL

5.13%

     Industrial

          Basic                                        

1.13%

          Energy                                      

0.36%

          Consumer Cyclical - Other          

0.29%

          Other Industrial                 

0.18%

          Communications - Telecommunications    

0.17%

          Capital Goods                   

0.10%

          Consumer Cyclical - Retailers       

0.08%

          Transportation - Airlines              

0.07%

     SUBTOTAL                              

2.38%

     Non Corporate Sectors

          Agencies - Not Government Guaranteed       

0.39%

     SUBTOTAL                                   

0.39%

     Utility

          Electric                      

0.15%

     SUBTOTAL                        

0.15%

SUBTOTAL                              

8.05%

Emerging Markets - Sovereigns              

4.56%

Collateralized Mortgage Obligations

     Non-Agency Fixed Rate                          

2.44%

     Non-Agency Floating Rate                      

1.75%

SUBTOTAL                                           

4.19%

Emerging Markets - Corporate Bonds


     Industrial


          Basic                                   

1.16%

          Consumer Cyclical - Other      

0.57%

          Communications - Media        

0.52%

          Consumer Non-Cyclical          

0.41%

          Other Industrial                      

0.33%

          Capital Goods                        

0.29%

          Technology                             

0.23%

          Communications - Telecommunications      

0.21%

          Transportation - Services       

0.13%

          Energy                               

0.09%

          Consumer Cyclical - Retailers          

0.08%

     SUBTOTAL                                    

4.02%

     Financial Institutions


          Other Finance                       

0.14%

          Banking                                

0.03%

     SUBTOTAL                              

0.17%

SUBTOTAL                                

4.19%

Commercial Mortgage-Backed Securities

     Non-Agency Fixed Rate CMBS              

2.85%

     Non-Agency Floating Rate CMBS           

0.22%

SUBTOTAL                                         

3.07%

Bank Loans


     Industrial

          Technology           

0.47%

          Consumer Non-Cyclical          

0.33%

          Basic                                    

0.32%

          Consumer Cyclical - Other      

0.27%

          Consumer Cyclical - Automotive         

0.24%

          Communications - Media                   

0.19%

          Consumer Cyclical - Retailers             

0.15%

          Other Industrial                               

0.11%

          Capital Goods                                  

0.09%

          Consumer Cyclical - Entertainment  

0.09%

          Energy                     

0.07%

          Services                    

0.01%

     SUBTOTAL                      

2.34%

     Financial Institutions

          REITS                                

0.30%

     SUBTOTAL                         

0.30%

     Non Corporate Sectors

          Foreign Local Government - Municipal

0.08%

     SUBTOTAL                                       

0.08%

     Utility

          Other Utility                                     

0.08%

     SUBTOTAL                                       

0.08%

SUBTOTAL                                        

2.80%

Quasi-Sovereigns

     Quasi-Sovereign Bonds                        

2.31%

SUBTOTAL                                          

2.31%

Emerging Markets - Treasuries               

1.90%

Asset-Backed Securities

     Home Equity Loans - Fixed Rate             

0.75%

     Home Equity Loans - Floating Rate          

0.40%

SUBTOTAL                                             

1.15%

Preferred Stocks

     Financial Institutions                                 

1.05%

     Non Corporate Sectors                               

0.01%

SUBTOTAL                                                

1.06%

Local Governments - Municipal Bonds           

0.95%

Governments - Sovereign Agencies                

0.90%

Supranationals                                            

0.58%

Local Governments - Regional Bonds             

0.55%

Governments - Sovereign Bonds                     

0.45%

Inflation-Linked Securities                               

0.44%

Common Stocks                                             

0.19%

Options Purchased - Puts

     Options on Funds and Investment Trusts            

0.10%

SUBTOTAL                                                   

0.10%

Short-Term Investments

     Investment Companies                                   

1.88%

     Governments - Sovereign Bonds                       

0.14%

Total Fixed Income                                      

100.00%





Country Breakdown


Portfolio %

United States                        

65.26%

Brazil                                     

3.56%

Russia                                    

3.51%

United Kingdom                        

3.17%

Argentina                                  

1.45%

Luxembourg                               

1.42%

Canada                                       

1.29%

Dominican Republic                      

1.15%

Netherlands                                   

1.08%

Germany                  

1.00%

South Africa               

0.96%

Turkey                        

0.90%

Indonesia                     

0.78%

El Salvador                    

0.77%

Cote D'Ivoire                    

0.76%

Switzerland                      

0.76%

Mexico                             

0.76%

Hungary                             

0.67%

Ireland                                 

0.63%

Italy                                      

0.61%

Peru       

0.58%

Supranational   

0.58%

Ukraine             

0.58%

United Arab Emirates 

0.51%

Colombia                    

0.48%

France                         

0.48%

Portugal  

0.48%

Spain             

0.48%

Kazakhstan     

0.46%

Croatia             

0.45%

Uruguay       

0.44%

Australia       

0.35%

Chile              

0.33%

Japan              

0.32%

Barbados          

0.31%

India                  

0.31%

Philippines          

0.28%

Serbia                  

0.25%

Ghana                     

0.23%

China                       

0.21%

Norway                      

0.21%

Sweden                      

0.18%

Hong Kong                   

0.18%

Trinidad & Tobago          

0.15%

Nigeria                           

0.14%

Singapore                        

0.12%

Czech Republic                 

0.11%

Bermuda                            

0.09%

Denmark                       

0.08%

Austria                           

0.08%

Virgin Islands (BVI)           

0.06%

Total Investments               

100.00%





Net Currency Exposure Breakdown


Portfolio %

United States Dollar     

99.26%

Mexican Peso              

2.00%

New Turkish Lira            

1.03%

Brazilian Real                 

0.66%

Dominican Peso              

0.52%

Russian Rubles                

0.49%

Uruguayan Peso                

0.49%

Philippine Peso                   

0.31%

Colombian Peso                   

0.23%

Chilean Peso                         

0.23%

Nigerian Naira                         

0.15%

Hungarian Forint                       

0.11%

Indonesian Rupiah                     

0.08%

Australian Dollar                         

0.04%

South African Rand                      

-0.01%

Great British Pound                       

-0.03%

Canadian Dollar    

-1.09%

Japanese Yen       

-1.88%

Euro                      

-2.59%

Total Investments     

100.00%





Credit Quality Breakdown


Portfolio %

          AAA 

5.57%

          AA       

0.30%

          A          

6.64%

          BBB       

15.73%

          BB            

23.40%

          B               

30.57%

          CCC            

12.13%

          CC               

0.35%

          C                  

0.03%

          D                   

0.76%

          Not Rated                            

2.49%

          Short Term Investments         

2.03%

          Total Investments                   

100.00%


Portfolio Statistics:

     Average Coupon:                       

8.63%

     Average Bond Price :                  

N/A

     Percentage of Leverage:

          Bank Borrowing:                          

0.00%

          Investment Operations:                  

11.46%*

          Preferred Stock:                             

0.00%

          Tender Option Bonds:                      

0.00%

          Term Asset-Backed Loans Facility (TALF): 

0.00%

          Total Fund Leverage:        

11.46%

     Average Maturity:              

7.41 Years

     Effective Duration:              

4.88 Years

     Total Net Assets:                

$1,333.09 Million

     Net Asset Value:                  

$15.52

     Number of Holdings:               

937

     Portfolio Turnover:                    

26%

* 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.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
Disruption, Innovation, Artificial Intelligence and Machine Learning, Leadership and Management hear these words all day every day... lofty goals but how do we make it real? Add to that, that simply put, people don't like change. But what if we could implement and utilize these enterprise tools in a fast and "Non-Disruptive" way, enabling us to glean insights about our business, identify and reduce exposure, risk and liability, and secure business continuity?
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
DXWorldEXPO LLC announced today that Telecom Reseller has been named "Media Sponsor" of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. Telecom Reseller reports on Unified Communications, UCaaS, BPaaS for enterprise and SMBs. They report extensively on both customer premises based solutions such as IP-PBX as well as cloud based and hosted platforms.
Consumer-driven contracts are an essential part of a mature microservice testing portfolio enabling independent service deployments. In this presentation we'll provide an overview of the tools, patterns and pain points we've seen when implementing contract testing in large development organizations.
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Transformation Abstract Encryption and privacy in the cloud is a daunting yet essential task for both security practitioners and application developers, especially as applications continue moving to the cloud at an exponential rate. What are some best practices and processes for enterprises to follow that balance both security and ease of use requirements? What technologies are available to empower enterprises with code, data and key protection from cloud providers, system administrators, inside...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time t...
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...