-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FYaHKkkMo+D0FoYAVqF7+YeLumULH1S0kgYeTJo6PJqzxiljtRQUDxlrNRK31YFt RwSmYGWvvCYa4eWExAvZ+g== 0001133228-05-000467.txt : 20050829 0001133228-05-000467.hdr.sgml : 20050829 20050829155854 ACCESSION NUMBER: 0001133228-05-000467 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050630 FILED AS OF DATE: 20050829 DATE AS OF CHANGE: 20050829 EFFECTIVENESS DATE: 20050829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCEBERNSTEIN HIGH YIELD FUND INC CENTRAL INDEX KEY: 0001029843 IRS NUMBER: 000000000 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09160 FILM NUMBER: 051055521 BUSINESS ADDRESS: STREET 1: C/O ALLIANCE CAPITAL MANAGEMENT LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129692124 MAIL ADDRESS: STREET 1: C/O ALLIANCE CAPITAL MANAGEMENT LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCE HIGH YIELD FUND INC DATE OF NAME CHANGE: 19961231 N-Q 1 a144151.txt SCHEDULE OF PORTFOLIO HOLDINGS UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-9160 ALLIANCEBERNSTEIN HIGH YIELD FUND, INC. (Exact name of registrant as specified in charter) 1345 Avenue of the Americas, New York, New York 10105 (Address of principal executive offices) (Zip code) Mark R. Manley Alliance Capital Management, L.P. 1345 Avenue of the Americas New York, New York 10105 (Name and address of agent for service) Registrant's telephone number, including area code: (800) 221-5672 Date of fiscal year end: September 30, 2005 Date of reporting period: June 30, 2005 ITEM 1. SCHEDULE OF INVESTMENTS. ALLIANCEBERNSTEIN HIGH YIELD FUND PORTFOLIO OF INVESTMENTS June 30, 2005 (unaudited) Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- CORPORATE DEBT OBLIGATIONS--96.1% Aerospace/Defense--1.5% DRS Technologies, Inc. 6.875%, 11/01/13 $ 2,030 $ 2,101,050 L-3 Communications Corp. 5.875%, 1/15/15 2,105 2,041,850 Sequa Corp. 9.00%, 8/01/09 1,310 1,444,275 Transdigm, Inc. 8.375%, 7/15/11 2,860 3,031,600 -------------- 8,618,775 -------------- Automotive--2.9% Ford Motor Co. 7.45%, 7/16/31 1,775 1,481,798 Ford Motor Credit Co. 4.95%, 1/15/08 2,130 2,031,852 General Motors 7.75%, 3/15/36 (a) 4,570 1,279,600 HLI Operating Co., Inc. 10.50%, 6/15/10 1,927 1,888,460 Keystone Automotive Operations, Inc. 9.75%, 11/01/13 2,723 2,695,769 Navistar International Corp. 6.25%, 3/01/12(b) 2,170 2,094,050 TRW Automotive, Inc. 9.375%, 2/15/13 1,445 1,600,338 11.00%, 2/15/13 1,045 1,201,750 United Auto Group, Inc. 9.625%, 3/15/12 1,755 1,873,463 -------------- 16,147,080 -------------- Broadcasting/Media--1.5% Albritton Communications 7.75%, 12/15/12 2,880 2,836,799 Central European Media Enterprises Ltd. 8.25%, 5/15/12(b)(c) 955 1,242,883 Corus Entertainment, Inc. 8.75%, 3/01/12 1,690 1,812,525 Emmis Communications Corp. 9.314%, 6/15/12 (b)(d) 885 900,488 Paxson Communications 12.25%, 1/15/09 (a) 1,910 1,785,850 -------------- 8,578,545 -------------- Building/Real Estate--3.1% Associated Materials, Inc. 11.25%, 3/01/14(a) 3,320 2,108,200 D.R. Horton, Inc. 6.875%, 5/01/13 2,200 2,380,633 M/I Homes, Inc. 6.875%, 4/01/12(b) 2,320 2,250,400 Meritage Homes Corp. 6.25%, 3/15/15 3,305 3,073,650 Schuler Homes 10.50%, 7/15/11 2,115 2,331,788 Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- WCI Communities, Inc. 6.625%, 3/15/15 $ 1,865 $ 1,706,475 William Lyon Homes, Inc. 10.75%, 4/01/13 3,105 3,368,925 -------------- 17,220,071 -------------- Cable--9.4% Cablevision Systems Corp. Series B 8.00%, 4/15/12 4,350 4,262,999 Charter Communications Holdings 11.75%, 5/15/11(a) 15,410 10,209,124 CSC Holdings, Inc. 6.75%, 4/15/12(b) 4,340 4,079,600 DirecTV Holdings 6.375%, 6/15/15(b) 2,820 2,805,900 8.375%, 3/15/13 1,279 1,416,493 Echostar DBS Corp. 6.375%, 10/01/11 1,690 1,675,213 Inmarsat Finance Plc 7.625%, 6/30/12 4,080 4,304,399 10.375%, 11/15/12(a) 2,235 1,754,475 Innova S De. R.L. 9.375%, 9/19/13(c) 3,425 3,861,688 Insight Communications Co., Inc. 12.25%, 2/15/11(a) 2,260 2,265,650 Insight Midwest LP/Insight Captial, Inc. 9.75%, 10/01/09 1,750 1,813,438 Intelsat Bermuda Ltd. 7.805%, 1/15/12(b) (d) 710 722,425 8.625%, 1/15/15(b) 2,780 2,932,900 PanAmSat Corp. 9.00%, 8/15/14 1,906 2,079,923 PanAmSat Holding Corp. 10.375%, 11/01/14(a) 7,405 5,090,937 Rogers Cable, Inc. 6.75%, 3/15/15 2,690 2,743,800 -------------- 52,018,964 -------------- Chemicals--2.8% Borden US Finance Corp./Nova Scotia Finance ULC 9.00%, 7/15/14(b) 1,930 1,963,775 Equistar Chemical Funding 10.125%, 9/01/08 2,175 2,354,438 10.625%, 5/01/11 1,495 1,650,106 Huntsman Advanced Materials 11.00%, 7/15/10 2,020 2,282,600 Huntsman LLC 11.50%, 7/15/12 1,921 2,252,373 Quality Distribution 9.00%, 11/15/10 3,940 3,624,799 Westlake Chemical Corp. 8.75%, 7/15/11 1,333 1,449,638 -------------- 15,577,729 -------------- Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- Consumer Manufacturing--2.7% Broder Brothers Co. 11.25%, 10/15/10 $ 2,092 $ 2,112,920 Jostens IH Corp. 7.625%, 10/01/12 2,035 2,009,563 K2, Inc. 7.375%, 7/01/14 2,125 2,236,563 Levi Strauss & Co. 7.73%, 4/01/12(d) 2,105 1,989,225 North Atlantic Holding 12.25%, 3/01/14(a) 2,555 689,850 Playtex Products, Inc. 8.00%, 3/01/11 2,115 2,260,406 Rayovac Corp. 7.375%, 2/01/15(b) 3,840 3,715,199 -------------- 15,013,726 -------------- Diversified Media--4.6% American Media, Inc. 8.875%, 1/15/11 2,810 2,662,475 Dex Media, Inc. 8.00%, 11/15/13 3,135 3,330,938 Dex Media East LLC 12.125%, 11/15/12 1,346 1,611,835 Dex Media West LLC Series B 8.50%, 8/15/10 970 1,057,300 9.875%, 8/15/13 2,784 3,173,760 Primedia, Inc. 8.00%, 5/15/13 1,645 1,649,113 8.875%, 5/15/11 802 840,095 Rainbow National Services LLC 8.75%, 9/01/12(b) 2,246 2,453,755 10.375%, 9/01/14(b) 2,155 2,478,250 WDAC Subsidiary Corp. 8.375%, 12/01/14(b) 3,960 3,781,799 WMG Holdings Corp. 9.50%, 12/15/14(a)(b) 3,731 2,574,390 -------------- 25,613,710 -------------- Energy--4.0% Amerada Hess Corp. 7.30%, 8/15/31 2,705 3,263,766 Chesapeake Energy Corp. 7.75%, 1/15/15 1,510 1,630,800 Grant Prideco 9.00%, 12/15/09 1,835 2,009,325 HilCorp Energy 10.50%, 9/01/10(b) 4,020 4,442,100 Kerr-McGee Corp. 6.875%, 9/15/11 3,175 3,390,163 Premcor Refining Group 9.50%, 2/01/13 1,715 1,972,250 Pride International, Inc. 7.375%, 7/15/14 2,325 2,551,688 Star Gas Partners LP/Star Gas Finance Co. 10.25%, 2/15/13 1,980 1,841,400 Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- Universal Compression, Inc. 7.25%, 5/15/10 $ 1,110 $ 1,159,950 -------------- 22,261,442 -------------- Entertainment/Leisure--1.8% NCL Corp. 10.625%, 7/15/14(b) 3,050 3,210,125 Royal Caribbean Cruises 8.75%, 2/02/11 3,570 4,114,425 Six Flags, Inc. 9.75%, 4/15/13 390 368,063 Universal City Development 11.75%, 4/01/10 1,950 2,237,625 -------------- 9,930,238 -------------- Financial--3.6% Crum & Forster Holdings Corp. 10.375%, 6/15/13 1,475 1,600,375 Fairfax Financial Holdings 7.375%, 4/15/18 3,235 2,733,575 7.75%, 4/26/12 - 7/15/37 3,610 3,373,700 8.25%, 10/01/15 520 491,400 Liberty Mutual Group, Inc. 5.75%, 3/15/14(b) 3,140 3,161,035 Markel Capital Trust I Series B 8.71%, 1/01/46(e) 2,585 2,866,310 PXRE Capital Trust I 8.85%, 2/01/27 2,715 2,815,243 Royal & Sun Alliance Insurance 8.95%, 10/15/29 2,170 2,807,995 -------------- 19,849,633 -------------- Fixed Communications--5.3% Cincinnati Bell, Inc. 8.375%, 1/15/14 3,790 3,884,750 Citizens Communications 6.25%, 1/15/13 2,980 2,883,150 Eircom Funding 8.25%, 8/15/13 2,645 2,869,825 Hawaiian Telcom Communications, Inc. 9.75%, 5/01/13(b) 1,680 1,780,800 12.50%, 5/01/15(b) 1,590 1,693,350 MCI, Inc. 7.688%, 5/01/09 1,630 1,697,238 Qwest Capital Funding, Inc. 7.25%, 2/15/11 4,505 4,313,538 Qwest Services Corp. 13.50%, 12/15/10 5,848 6,754,439 Time Warner Telecom, Inc. 10.125%, 2/01/11 590 590,000 Valor Telecommunications Enterprise 7.75%, 2/15/15(b) 3,115 3,060,488 -------------- 29,527,578 -------------- Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- Food & Beverage--0.7% Dole Foods Co. 8.875%, 3/15/11 $ 812 $ 866,810 Dominos, Inc. 8.25%, 7/01/11 1,030 1,096,950 Foodcorp Ltd. 8.875%, 6/15/12(b)(c) 1,351 1,672,388 -------------- 3,636,148 -------------- Gaming--4.0% Ameristar Casinos, Inc. 10.75%, 2/15/09 1,395 1,517,063 Argosy Gaming Co. 9.00%, 9/01/11 1,440 1,575,000 Boyd Gaming Corp. 7.75%, 12/15/12 1,325 1,416,094 MGM Mirage 8.375%, 2/01/11 3,055 3,329,950 Mohegan Tribal Gaming 7.125%, 8/15/14 2,925 3,063,938 Penn National Gaming, Inc. 6.875%, 12/01/11 2,460 2,521,500 Riviera Holdings Corp. 11.00%, 6/15/10 3,395 3,751,474 Seneca Gaming Corp. 7.25%, 5/01/12 2,955 3,054,731 Turning Stone Casino Entertainment 9.125%, 12/15/10(b) 2,080 2,199,600 -------------- 22,429,350 -------------- Healthcare--7.0% Concentra Operating Corp. 9.125%, 6/01/12 970 1,028,200 9.50%, 8/15/10 1,195 1,272,675 Coventry Health Care, Inc. 5.875%, 1/15/12 1,040 1,058,200 6.125%, 1/15/15 1,145 1,165,038 DaVita, Inc. 7.25%, 3/15/15(b) 3,475 3,570,563 Extendicare Health Services, Inc. 9.50%, 7/01/10 2,165 2,338,200 Genesis HealthCare Corp. 8.00%, 10/15/13 2,055 2,224,538 Hanger Orthopedic Group 10.375%, 2/15/09 2,800 2,583,000 HCA, Inc. 6.375%, 1/15/15 3,855 3,999,978 Iasis Healthcare Corp. 8.75%, 6/15/14 2,900 3,146,500 Pacificare Health Systems 10.75%, 6/01/09 2,746 3,020,600 Select Medical Corp. 7.625%, 2/01/15(b) 4,515 4,469,849 Triad Hospitals, Inc. 7.00%, 11/15/13 3,375 3,467,813 Universal Hospital Services, Inc. 10.125%, 11/01/11 1,785 1,802,850 Vanguard Health Holdings Co. 11.25%, 10/01/15(a) 5,025 3,567,750 -------------- 38,715,754 -------------- Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- Hotels/Lodging--2.4% Gaylord Entertainment Co. 8.00%, 11/15/13 $ 2,120 $ 2,228,650 Host Marriott LP Series G 9.25%, 10/01/07 2,365 2,554,200 La Quinta Properties 8.875%, 3/15/11 2,740 2,962,625 Starwood Hotels Resorts 7.875%, 5/01/12 2,695 3,038,613 Vail Resorts, Inc. 6.75%, 2/15/14 2,395 2,430,925 -------------- 13,215,013 -------------- Industrial--5.8% Amsted Industries, Inc. 10.25%, 10/15/11(b) 2,710 2,926,800 Amtrol, Inc. 10.625%, 12/31/06 3,445 3,066,050 Case New Holland, Inc. 9.25%, 8/01/11(b) 1,500 1,575,000 9.25%, 8/01/11 515 540,750 Dayton Superior Corp. 10.75%, 9/15/08 1,155 1,201,200 13.00%, 6/15/09 1,555 1,368,400 Fastentech, Inc. 11.50%, 5/01/11 2,650 2,875,250 Goodman Global Holdings Co., Inc. 7.875%, 12/15/12(b) 2,930 2,710,250 Mueller Group, Inc. 10.00%, 5/01/12 2,050 2,152,500 National Waterworks, Inc. Series B 10.50%, 12/01/12 1,615 1,816,875 NMHG Holdings Co. 10.00%, 5/15/09 1,690 1,774,500 Sensus Metering Systems 8.625%, 12/15/13 3,825 3,557,250 Terex Corp. Series B 10.375%, 4/01/11 1,945 2,110,325 Trimas Corp. 9.875%, 6/15/12 2,620 2,200,800 Trinity Industries 6.50%, 3/15/14 2,495 2,482,525 -------------- 32,358,475 -------------- Metals/Mining--2.7% AK Steel Corp. 7.875%, 2/15/09 5,070 4,613,700 Citigroup (JSC Severstal) 9.25%, 4/19/14 (b)(c) 3,092 3,189,398 Freeport-McMoRan Copper & Gold, Inc. 10.125%, 2/01/10 2,125 2,364,063 International Steel Group 6.50%, 4/15/14 2,581 2,477,760 Ispat Inland ULC 9.75%, 4/01/14 2,193 2,554,845 -------------- 15,199,766 -------------- Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- Mobile Communications--6.0% American Cellular Corp. Series B 10.00%, 8/01/11 $ 2,225 $ 2,258,375 Iridium LLC/Capital Corp. Series B 14.00%, 7/15/05(f) 14,500 2,356,250 KYIVSTAR 7.75%, 4/27/12(b) 900 900,000 10.375%, 8/17/09(b) 5,675 6,242,500 MobiFon Holdings BV 12.50%, 7/31/10 6,135 7,438,687 Mobile Telesystems Finance 8.00%, 1/28/12(b) 3,256 3,296,700 Nextel Communications 5.95%, 3/15/14 1,435 1,490,606 6.875%, 10/31/13 2,880 3,078,000 Rogers Wireless, Inc. 7.25%, 12/15/12 2,030 2,192,400 Rural Cellular Corp. 9.75%, 1/15/10 2,905 2,701,650 Triton PCS, Inc. 8.75%, 11/15/11 910 643,825 9.375%, 2/01/11 1,325 950,688 -------------- 33,549,681 -------------- Paper/Packaging--5.4% Abitibi-Consolidated, Inc. 8.55%, 8/01/10 1,595 1,662,788 Anchor Glass Container Corp. 11.00%, 2/15/13 1,750 1,365,000 Berry Plastics Plc 10.75%, 7/15/12 2,545 2,777,231 Crown Holdings 9.50%, 3/01/11 2,925 3,232,125 Georgia-Pacifice Corp. 8.875%, 5/15/31 1,400 1,732,500 9.375%, 2/01/13 3,185 3,603,031 Graphic Packaging International 9.50%, 8/15/13 2,380 2,397,850 Hunstsman Packaging Corp. 13.00%, 6/01/10 1,418 1,148,580 NewPage Corp. 10.00%, 5/01/12(b) 2,810 2,817,025 Owens-Brockway Glass 8.875%, 2/15/09 3,610 3,835,625 Pliant Corp. 11.125%, 9/01/09 835 814,125 13.00%, 6/01/10 2,395 1,939,950 Russell-Stanley Holdings, Inc. 9.00%, 11/30/08 (e)(g)(h) 2,720 952,119 Vitro Envases Norteamerica 10.75%, 7/23/11(b) 1,740 1,687,800 -------------- 29,965,749 -------------- Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- Public Utilities - Electric & Gas--10.4% AES Corp. 8.75%, 5/15/13(b) $ 540 $ 603,450 9.00%, 5/15/15(b) 2,470 2,772,575 Aquila, Inc. 14.875%, 7/01/12(i) 1,550 2,030,500 Calpine Corp. 8.50%, 7/15/10(b) 3,315 2,552,550 DPL Capital Trust II 8.125%, 9/01/31 2,560 3,018,030 DPL, Inc. 6.875%, 9/01/11 1,620 1,749,600 Dynegy Holdings, Inc. 10.125%, 7/15/13(b) 2,165 2,446,450 Dynegy-Roseton Danskammer Series B 7.67%, 11/08/16 2,630 2,524,800 Enterprise Products Operations, Inc. Series B 5.60%, 10/15/14 3,090 3,179,768 FirstEnergy Corp. Series B 6.45%, 11/15/11 3,430 3,747,707 Northwest Pipeline Corp. 8.125%, 3/01/10 1,580 1,714,300 NRG Energy, Inc. 8.00%, 12/15/13(b) 2,399 2,530,945 Ormat Funding Corp. 8.25%, 12/30/20 2,385 2,409,167 Reliant Energy, Inc. 6.75%, 12/15/14 2,045 1,998,988 9.50%, 7/15/13 2,640 2,930,400 Semco Energy 7.125%, 5/15/08 520 529,404 7.75%, 5/15/13 890 928,996 Southern Natural Gas 7.35%, 2/15/31 2,225 2,366,915 8.875%, 3/15/10 1,780 1,952,532 TECO, Energy, Inc. 6.75%, 5/01/15(b) 2,395 2,538,700 7.00%, 5/01/12 2,010 2,170,800 TXU Corp. 5.55%, 11/15/14(b) 2,300 2,230,669 6.50%, 11/15/24(b) 2,285 2,238,253 Williams Cos., Inc. 7.625%, 7/15/19 4,495 5,056,874 7.875%, 9/01/21 1,435 1,632,313 -------------- 57,854,686 -------------- Retail--0.4% JC Penney Co., Inc. 8.00%, 3/01/10 1,885 2,073,500 -------------- Service--3.0% Allied Waste North American 6.375%, 4/15/11 3,545 3,403,199 H&E Equipment/Finance 11.125%, 6/15/12 3,068 3,382,470 Service Corp. International 6.50%, 3/15/08 2,215 2,264,838 Stewart Enterprises, Inc. 6.25%, 2/15/13(b) 2,520 2,494,800 Shares or Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- United Rentals North America 6.50%, 2/15/12 $ 2,770 $ 2,724,988 Williams Scotsman, Inc. 9.875%, 6/01/07 2,450 2,462,250 -------------- 16,732,545 -------------- Supermarkets & Drugs--1.6% Couche-Tard 7.50%, 12/15/13 1,850 1,942,500 Duane Reade, Inc. 9.75%, 8/01/11 2,300 1,874,500 Rite Aid Corp. 11.25%, 7/01/08 1,930 2,038,563 Roundy's, Inc. Series B 8.875%, 6/15/12 1,565 1,611,950 Stater Brothers Holdings, Inc. 8.125%, 6/15/12 1,725 1,681,875 -------------- 9,149,388 -------------- Technology--2.8% Amkor Technology, Inc. 7.75%, 5/15/13 360 309,600 Celestica, Inc. 7.875%, 7/01/11 3,950 4,048,750 Flextronics International Ltd. 6.50%, 5/15/13 2,145 2,220,075 Lucent Technologies, Inc. 6.45%, 3/15/29 925 827,875 6.50%, 1/15/28 1,860 1,650,750 Nortel Networks Corp. 6.875%, 9/01/23 1,765 1,650,275 SCG Holding & Semiconductor Co. 0.00%, 8/04/11(b) 750 1,200,000 Telcordia Technologies, Inc. 10.00%, 3/15/13(b) 1,595 1,491,325 Unisys Corp. 6.875%, 3/15/10 2,475 2,431,688 -------------- 15,830,338 -------------- Transportation--0.7% ATA Airlines, Inc. 6.99%, 4/15/16(b) 3,094 2,722,378 Horizon Lines LLC 9.00%, 11/01/12(b) 1,190 1,246,525 -------------- 3,968,903 -------------- Total Corporate Debt Obligations (cost $532,564,721) 535,036,787 -------------- NON-CONVERTIBLE PREFERRED STOCKS--1.2% Paxson Communications 14.25%, 11/15/06 (g) 298 1,919,459 Sovereign REIT Series A 12.00%, 8/29/49(b) 3,175 4,603,750 -------------- Total Non-Convertible Preferred Stocks (cost $5,647,974) 6,523,209 -------------- Shares or Principal Amount Company (000) U.S.$ Value - -------------------------------------------------------------------------------- COMMON STOCKS(j)--0.0% Phase Metrics, Inc.(e) $ 216,818 $ 2,168 Versatel Telecom International NV(c) 45,165 101,156 -------------- Total Common Stocks (cost $2,157,649) 103,324 -------------- WARRANTS--0.0% Pliant Corp. Warrants, expiring 6/01/10 (e)(f)(h) 200 2 (cost $7,317) -------------- SHORT-TERM INVESTMENT- 1.4% Time Deposit- 1.4% The Bank of New York 2.063%, 7/01/05 $ 7,784 7,784,000 (cost $7,784,000) -------------- Total Investments--98.7% (cost $548,161,661) 549,447,322 Other assets less liabilities--1.3% 6,961,248 -------------- Net Assets--100% $ 556,408,570 -------------- FORWARD EXCHANGE CURRENCY CONTRACTS U.S. $ Contract Value on U.S. $ Amount Origination Current Unrealized (000) Date Value Appreciation - -------------------------------------------------------------------------------- Sale Contracts Euro, settling 7/14/05 955 $ 1,178,566 $ 1,156,728 $ 21,838 Euro, settling 8/18/05 1,367 1,660,444 1,658,145 2,299 (a) Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective. (b) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2005, the aggregate market value of these securities amounted to $120,273,955 or 21.6% of net assets. (c) Positions, or portion thereof, with an aggregate market value of $ 6,748,892 have been segregated to collateralize forward exchange currency contracts. (d) Coupon increases periodically based upon a predetermined schedule. Stated interest rate in effect at June 30, 2005. (e) Illiquid security, valued at fair value (see Note A). (f) Security is in default and is non-income producing (g) Pay-In-Kind Payments (PIK). (h) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities, which represent 0.17% of net assets as of June 30, 2005 are considered illiquid and restricted.
Acquisition Acquisition Market Percentage of Restricted Securities Date Cost Value Net Assets ------------------------ --------------- -------------- --------- ------------- Russell-Stanley 2/10/99- $9,119,899 $952,119 0.17% Holdings, Inc. 5/31/05 9.00%, 11/30/08 Pilant Corp.- warrants 10/04/04 7,317 2 0.00 expiring 6/01/10
(i) The coupon on this security varies along with its rating. If its rating falls below Baa3/BBB- by either Moody's or Standard & Poor's, the coupon steps up 50 basis points. The security is currently rated B2/ B-. (j) Non-income producing security. Please note: The industry classification presented herein are based on the industry categorization methodology of the Adviser. ITEM 2. CONTROLS AND PROCEDURES. (a) The registrant's principal executive officer and principal financial officer have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document. (b) There were no significant changes in the registrant's internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses. ITEM 3. EXHIBITS. The following exhibits are attached to this Form N-Q: EXHIBIT NO. DESCRIPTION OF EXHIBIT 11(a)(1) Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 11(a)(2) Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant): AllianceBernstein High Yield Fund, Inc. By: /s/ Marc O. Mayer ----------------- Marc O. Mayer President Date: August 23, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Marc O. Mayer ----------------- Marc O. Mayer President Date: August 23, 2005 By: /s/ Mark D. Gersten ------------------- Mark D. Gersten Treasurer and Chief Financial Officer Date: August 23, 2005 EX-99.11(A)(1) 2 ex99_11a1.txt CERTIFICATION CERTIFICATIONS I, Marc O. Mayer, certify that: 1. I have reviewed this report on Form N-Q of AllianceBernstein High Yield Fund, Inc. 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ Marc O. Mayer - ----------------- Marc O. Mayer President Date: August 23, 2005 EX-99.11(A)(2) 3 ex99_11a2.txt CERTIFICATION CERTIFICATIONS I, Mark D. Gersten, certify that: 1. I have reviewed this report on Form N-Q of AllianceBernstein High Yield Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. /s/ Mark D. Gersten - ------------------- Mark D. Gersten Treasurer and Chief Financial Officer Date: August 23, 2005 -----END PRIVACY-ENHANCED MESSAGE-----