AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update - Northern Michigan's News Leader

AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

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SOURCE AllianceBernstein Global High Income Fund, Inc.

NEW YORK, June 27, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of May 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  

1.92%

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

0.91%

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

0.77%

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

0.57%

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

0.56%

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

0.49%

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

0.46%

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) Bogota Distrito Capital 9.75%, 7/26/28  

0.40%



Investment Type

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical  

7.66%

Energy  

6.47%

Communications - Media  

5.68%

Technology  

5.40%

Capital Goods  

4.98%

Basic  

4.44%

Communications - Telecommunications  

3.17%

Consumer Cyclical - Other  

2.70%

Other Industrial  

2.17%

Services  

1.88%

Consumer Cyclical - Retailers  

1.82%

Consumer Cyclical - Automotive  

1.42%

Transportation - Services  

0.90%

Consumer Cyclical - Entertainment  

0.53%

Transportation - Airlines  

0.37%

Consumer Cyclical - Restaurants  

0.11%

SUBTOTAL  

49.70%

Financial Institutions


Banking  

3.23%

Finance  

1.64%

Insurance  

1.03%

Other Finance  

0.93%

Brokerage  

0.42%

REITS  

0.14%

SUBTOTAL  

7.39%

Utility


Electric  

1.61%

Natural Gas  

1.46%

SUBTOTAL  

3.07%

Credit Default Swaps  

2.73%

SUBTOTAL  

62.89%

Interest Rate Futures  

10.36%

Corporates - Investment Grades


Financial Institutions


Banking  

1.74%

Insurance  

1.63%

REITS  

0.42%

Finance  

0.35%

SUBTOTAL  

4.14%

Industrial


Basic  

1.83%

Communications - Telecommunications  

0.28%

Communications - Media  

0.26%

Capital Goods  

0.25%

Other Industrial  

0.17%

Consumer Non-Cyclical  

0.16%

Transportation - Airlines  

0.08%

Consumer Cyclical - Automotive  

0.04%

Energy  

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  

3.61%

Non-Agency Floating Rate  

2.55%

GSE Risk Share Floating Rate  

0.61%

SUBTOTAL  

6.77%

Global Governments  

6.77%

Bank Loans


Industrial


Consumer Non-Cyclical  

0.75%

Consumer Cyclical - Automotive  

0.61%

Other Industrial  

0.54%

Consumer Cyclical - Entertainment  

0.43%

Consumer Cyclical - Other  

0.40%

Basic  

0.37%

Consumer Cyclical - Retailers  

0.34%

Services  

0.32%

Technology  

0.24%

Capital Goods  

0.20%

Energy  

0.17%

Communications - Media  

0.09%

SUBTOTAL  

4.46%

Non Corporate Sectors


Foreign Local Government - Municipal  

0.10%

SUBTOTAL  

0.10%

Financial Institutions


Insurance  

0.04%

SUBTOTAL  

0.04%

SUBTOTAL  

4.60%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical  

1.27%

Capital Goods  

0.46%

Basic  

0.41%

Communications - Telecommunications  

0.38%

Consumer Cyclical - Retailers  

0.27%

Transportation - Airlines  

0.26%

Energy  

0.14%

Transportation - Services  

0.08%

SUBTOTAL  

3.27%

Financial Institutions


Banking  

0.11%

SUBTOTAL  

0.11%

Utility


Electric  

0.08%

SUBTOTAL  

0.08%

SUBTOTAL  

3.46%

Emerging Markets - Sovereigns


Emerging Markets - Sovereigns  

3.97%

Credit Default Swaps  

-1.28%

SUBTOTAL  

2.69%

Preferred Stocks


Financial Institutions  

2.49%

Industrial  

0.06%

Utility  

0.02%

SUBTOTAL  

2.57%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS  

1.38%

Non-Agency Floating Rate CMBS  

0.02%

SUBTOTAL  

1.40%

Local Governments - Municipal Bonds  

1.07%

Emerging Markets - Treasuries  

0.87%

Common Stocks  

0.82%

Governments - Sovereign Agencies  

0.78%

Asset-Backed Securities


Home Equity Loans - Fixed Rate  

0.62%

Home Equity Loans - Floating Rate  

0.14%

SUBTOTAL  

0.76%

Quasi-Sovereigns


Quasi-Sovereign Bonds  

0.63%

SUBTOTAL  

0.63%

Whole Loan Trusts


Performing Asset  

0.52%

SUBTOTAL  

0.52%

Local Governments - Regional Bonds  

0.40%

Currency Instruments


Forward Currency Exchange Contracts  

0.08%

SUBTOTAL  

0.08%

Options Purchased - Puts


Credit Default Swap Options  

0.03%

SUBTOTAL  

0.03%

Options Purchased - Calls


Options on Indices  

0.02%

SUBTOTAL  

0.02%

Call Options Written  

-0.02%

Put Options Written  

-0.05%

Reverse Repurchase Agreements  

-5.19%

Interest Rate Swaps - SIFMA  

-11.37%

Net Cash Equivalents


Cash  

1.36%

Investment Companies  

0.43%

SUBTOTAL  

1.79%

Derivative Offsets


Swaps Offsets  

9.41%

Futures Offsets  

-10.35%

SUBTOTAL  

-0.94%


100.00%



Country Breakdown  

Portfolio %

United States  

64.89%

United Kingdom  

4.72%

Brazil  

4.37%

France  

1.76%

Luxembourg  

1.63%

Canada  

1.58%

Dominican Republic  

1.55%

Netherlands  

1.49%

Ireland  

1.34%

Germany  

1.18%

Italy  

1.05%

Mexico  

0.98%

Switzerland  

0.90%

South Africa  

0.89%

Ivory Coast  

0.88%

Colombia  

0.75%

El Salvador  

0.66%

Bermuda  

0.63%

Indonesia  

0.60%

United Arab Emirates  

0.60%

Australia  

0.55%

Argentina  

0.52%

Spain  

0.50%

Venezuela  

0.45%

Kazakhstan  

0.40%

Portugal  

0.37%

Peru  

0.35%

Croatia  

0.33%

Norway  

0.27%

Philippines  

0.26%

Sweden  

0.26%

Russia  

0.24%

Macau  

0.23%

Turkey  

0.21%

India  

0.19%

Costa Rica  

0.18%

Singapore  

0.18%

Denmark  

0.18%

Barbados  

0.15%

Bahrain  

0.15%

Zambia  

0.15%

Japan  

0.13%

Ghana  

0.13%

Chile  

0.13%

Pakistan  

0.11%

Austria  

0.11%

Lebanon  

0.11%

Romania  

0.11%

Belgium  

0.09%

Hong Kong  

0.09%

Guatemala  

0.08%

Bulgaria  

0.08%

Sri Lanka  

0.06%

Virgin Islands (BVI)  

0.06%

Jamaica  

0.06%

Morocco  

0.05%

Serbia  

0.03%

Total Investments  

100.00%



Net Currency Exposure Breakdown  

Portfolio %

United States Dollar  

98.79%

Brazilian Real  

1.90%

Indonesian Rupiah  

1.02%

South Korean Won  

1.01%

Malaysian Ringgit  

1.01%

Peruvian Nuevo Sol  

1.00%

New Turkish Lira  

0.79%

South African Rand  

0.76%

Colombian Peso  

0.56%

Dominican Peso  

0.49%

Philippine Peso  

0.27%

Costa Rican Colon  

0.19%

Hungarian Forint  

0.18%

Swiss Franc  

0.04%

Euro  

-0.01%

Great British Pound  

-0.02%

Australian Dollar  

-1.00%

Polish Zloty  

-1.97%

Canadian Dollar  

-2.02%

Japanese Yen  

-2.99%

Total Net Assets  

100.00%



Credit Rating  

Portfolio %

AAA  

-2.41%

AA  

0.52%

A  

3.08%

BBB  

13.59%

BB  

26.56%

B  

32.08%

CCC  

15.80%

CC  

0.95%

C  

0.02%

D  

0.87%

Not Rated  

3.86%

Short Term Investments  

0.43%

N/A  

4.65%


100.00%



Bonds By Maturity  

Portfolio %

Less than 1 year  

11.96%

1 to 5 years  

44.85%

5 to 10 years  

27.89%

10 to 20 years  

7.58%

20 to 30 years  

5.30%

More than 30 years  

1.60%

Other  

0.82%

Total Net Assets  

100.00%

Portfolio Statistics:

Average Coupon:  

7.38%

Average Bond Price :  

104.77

Percentage of Leverage:


Bank Borrowing:  

0.00%

Investment Operations:  

12.23%*

Preferred Stock:  

0.00%

Tender Option Bonds:  

0.00%

Term Asset-Backed Loans Facility (TALF):  

0.00%

Total Fund Leverage:  

12.23%

Average Maturity:  

6.55 Years

Effective Duration:  

4.58 Years

Total Net Assets:  

$1,319.77 Million

Net Asset Value:  

$15.31

Number of Holdings:  

1124

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.


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