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AllianceBernstein Global High Income Fund, Inc. News

AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, June 17 PRNewswire-FirstCall — AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2008.

AllianceBernstein Global High Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) Brazil 7.13% (01/20/37) 2.90% 2) Mexico 9.00% (12/20/12) 2.22% 3) Gaz Capital For Gazprom 6.51% (03/07/22) 2.20% 4) Peru 8.20% (08/12/26) 2.12% 5) Turkey 0.00% (11/26/08) 2.05% 6) Brazil 12.50% (01/05/22) 1.73% 7) Philippines 9.88% (01/15/19) 1.70% 8) Philippines 8.25% (01/15/14) 1.40% 9) Panama 8.88% (09/30/27) 1.26% 10) Venezuela 7.00% (12/01/18) 1.21% Security Type Breakdown Portfolio% Sovereign 43.49% CMO/ABS 4.28% Bank Loans 2.80% Inflation Indexed Bonds 0.54% Government Agency 0.37% Preferred Stock 0.16% Treasury 0.14% Corporate: Financial 4.35% Energy 3.79% Banking 2.79% Metals/Mining 2.54% Automotive 2.16% Supranationals 2.06% Healthcare 1.81% Gaming 1.71% Public Utilities - Elec & Gas 1.66% Communications-Mobile 1.63% Service 1.57% Industrial 1.54% Petroleum Products 1.41% Technology 1.39% Broadcasting/Media 1.35% Chemicals 1.32% Building/Real Estate 1.30% Retail 1.19% Cable 1.14% Paper/Packaging 0.97% Basket Index 0.87% Supermarket/Drug 0.80% Agriculture 0.79% Public Utilities - Telephone 0.78% Containers 0.71% Consumer Manufacturing 0.59% Publishing 0.59% Communications 0.57% Electronics 0.54% Entertainment/Leisure 0.49% Food/Beverage 0.47% Communications-fixed 0.45% Hotel/Lodging 0.43% Public Utilities - Gas 0.41% Insurance 0.25% Aerospace/Defense 0.22% Restaurants 0.19% Non-air Transportation 0.18% Corporate 0.17% Sovereign 0.08% Air Transportation 0.06% Conglomerate/Miscellaneous 0.05% SUBTOTAL 47.37% Short-term: Time Deposit 0.85% SUBTOTAL 0.85% Total 100.00% Country Breakdown Portfolio% United States 39.00% Brazil 6.48% Luxembourg 5.81% Venezuela 5.29% Philippines 4.26% Argentina 3.75% Peru 3.64% Mexico 3.07% Turkey 2.96% Indonesia 2.63% Panama 2.40% Colombia 1.89% South Africa 1.89% Uruguay 1.53% Canada 1.32% Ecuador 1.21% Lebanon 1.17% Cayman Islands 1.15% Australia 1.13% Ukraine 1.01% Bermuda 0.92% Malaysia 0.92% Iceland 0.89% Supranational 0.75% Dominican Republic 0.63% El Salvador 0.61% Netherlands 0.57% Kazakhstan 0.51% Jamaica 0.40% Ireland 0.39% Germany 0.32% United Kingdom 0.24% Nigeria 0.23% Singapore 0.22% Russia 0.21% Pakistan 0.19% British Virgin Islands 0.11% France 0.11% Italy 0.07% Multinational 0.07% Japan 0.05% Total 100.00% Credit Quality Breakdown Portfolio% AAA 5.51% AA 1.64% A 9.38% BBB 11.41% BB 41.89% B 24.19% CCC 5.04% CC 0.04% A-1+ 0.85% NR 0.05% Total 100.00% Portfolio Statistics Percentage of Leverage: Bank Loans: 0% Investment Operations: 9.20%* Preferred Stock: 0% Total: 9.20% Avg. Maturity: 10.23 Years Duration: 5.95 Years Total Net Assets: $1076.7 Million Net Asset Value: $14.11 Number of Holdings: 497 * 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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