Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (2806)	10/24/2009 12:00:39 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 34328

Tomas, I went to the horse's mouth alliancebernstein.com (if this does not work, go to AllianceBernstein site, click US investor, select "Global High Income Fund", click "Holdings and Characteristics" tab. It gives currency breakdown as follows: 1 USD 86.84 2 BRL 3.38 3 EUR 3.10 4 HUF 1.57 5 TRY 1.41 6 COP 1.33 7 JPY 0.48 8 RUB 0.47 9 EGP 0.40 10 ZAR 0.37 11 UYU 0.30 12 NZD 0.25 13 AUD 0.10 Now, how come USD currency is 87%, while only 49% of portfolio is US bonds. IMHO, the situation is that a lot of foreign bonds are dollar denominated. It does not matter the bond is issued in UK or Luxembourg, it still can be USD denominated and USD paid. AllianceBernstein does not seem to give bond denominations, but I have looked at Loomis Sayles portfolios where they give bond denominations ( quote.morningstar.com go to Fillings and select Annual report). You'll be surprised how many non-US companies and governments issue USD debt. :)