-----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, JYMBgtWWsuU/B/iA/0vo86k1uCQNIgy+63/QA1TwxHLojQYyDab7SZty69wRz7Sm KBbZRzshyENYSiVAtkFjbA== 0001193125-08-243343.txt : 20081125 0001193125-08-243343.hdr.sgml : 20081125 20081125161123 ACCESSION NUMBER: 0001193125-08-243343 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080930 FILED AS OF DATE: 20081125 DATE AS OF CHANGE: 20081125 EFFECTIVENESS DATE: 20081125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCEBERNSTEIN GLOBAL HEALTH CARE FUND INC CENTRAL INDEX KEY: 0001085421 IRS NUMBER: 000000000 FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09329 FILM NUMBER: 081213974 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129692124 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN HEALTH CARE FUND INC DATE OF NAME CHANGE: 20030319 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCE HEALTH CARE FUND INC DATE OF NAME CHANGE: 19990429 0001085421 S000010051 ALLIANCEBERNSTEIN GLOBAL HEALTH CARE FUND INC C000027838 Class A AHLAX C000027839 Class B AHLBX C000027840 Class C AHLCX C000027841 Advisor Class AHLDX C000027842 Class R AHLRX C000027843 Class K AHLKX C000027844 Class I AHLIX N-Q 1 dnq.htm ALLIANCEBERNSTEIN GLOBAL HEALTH CARE FUND, INC. AllianceBernstein Global Health Care Fund, Inc.

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: 811-09329

ALLIANCEBERNSTEIN GLOBAL HEALTH CARE 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)

Joseph J. Mantineo

AllianceBernstein 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: June 30, 2009

Date of reporting period: September 30, 2008


ITEM 1. SCHEDULE OF INVESTMENTS.

 


AllianceBernstein Global Health Care Fund

Portfolio of Investments

September 30, 2008 (unaudited)

 

Company

   Shares    U.S. $Value  

COMMON STOCKS - 100.2%

     

Health Care - 100.2%

     

Biotechnology - 28.4%

     

Amicus Therapeutics, Inc. (a)

   52,200    $ 789,264  

Basilea Pharmaceutica (a)

   10,103      1,496,504  

Biogen Idec, Inc. (a)

   55,700      2,801,153  

BioMarin Pharmaceutical, Inc. (a)

   104,600      2,770,854  

Celgene Corp. (a)

   67,900      4,296,712  

CSL Ltd./Australia

   144,674      4,382,880  

Genentech, Inc. (a)

   59,080      5,239,214  

Gilead Sciences, Inc. (a)

   119,300      5,437,694  
           
        27,214,275  
           

Health Care Equipment & Supplies - 31.1%

     

Alcon, Inc.

   28,000      4,522,280  

Baxter International, Inc.

   68,600      4,502,218  

Becton Dickinson & Co.

   56,200      4,510,612  

Covidien Ltd.

   87,500      4,704,000  

CR Bard, Inc.

   47,200      4,477,864  

Sysmex Corp.

   64,000      2,828,221  

Varian Medical Systems, Inc. (a)

   73,700      4,210,481  
           
        29,755,676  
           

Health Care Providers & Services - 8.5%

     

Aetna, Inc.

   106,400      3,842,104  

Medco Health Solutions, Inc. (a)

   94,800      4,266,000  
           
        8,108,104  
           

Pharmaceuticals - 32.2%

     

Abbott Laboratories

   81,418      4,688,048  

Allergan, Inc.

   51,200      2,636,800  

Bristol-Myers Squibb Co.

   133,800      2,789,730  

Novartis AG

   126,889      6,680,646  

Pharmstandard (GDR) (a)(b)

   41,300      716,968  

Roche Holding AG

   35,571      5,568,352  

Schering-Plough Corp.

   178,700      3,300,589  

Teva Pharmaceutical Industries Ltd. (Sponsored) (ADR)

   98,580      4,513,978  
           
        30,895,111  
           

Total Investments - 100.2%

     

(cost $78,788,344)

        95,973,166  

Other assets less liabilities - (0.2)%

        (187,633 )
           

Net Assets - 100.0%

      $ 95,785,533  
           

 

(a) Non-income producing security.

 

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security is considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2008, the market value of this security amounted to $716,968 or 0.7% of net assets.

Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard and Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the Broad Market.

 

Glossary:      
ADR    -    American Depositary Receipt
GDR    -    Global Depositary Receipt


Country Breakdown *

AllianceBernstein Global Health Care Fund

September 30, 2008 (unaudited)

Summary

 

   68.0%    United States
   19.0%    Switzerland
   4.7%    Israel
   4.6%    Australia
   2.9%    Japan
   0.8%    Russia
       
   100.0%    Total Investments
       

 

* All data are as of September 30, 2008. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time.


The Fund adopted Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157”), effective December 1, 2007. In accordance with FAS 157, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

   

Level 1 – quoted prices in active markets for identical investments

 

   

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

   

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of September 30, 2008:

 

Level

   Investments in
Securities
   Other
Financial
Instruments*

Level 1

   $ 75,016,564    $ 0

Level 2

     20,956,602      0

Level 3

     0      0
             

Total

   $ 95,973,166    $ 0

 

* Other financial instruments are derivative instruments not reflected in the Portfolio of Investments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation / depreciation on the instrument.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:

 

     Investments
In
Securities
   Other
Financial
Instruments
 

Balance as of 06/30/2008

   $ 0    $ 0  

Accrued discounts /premiums

     0      0  

Realized gain (loss)

     0      0 *

Change in unrealized appreciation/depreciation

     0      0  

Net purchases (sales)

     0      0  

Net transfers in and/or out of Level 3

     0      0  
               

Balance as of 09/30/2008

   $ 0    $ 0  

Net change in unrealized
appreciation/depreciation from
Investments still held as of 09/30/2008

   $ 0    $ 0  

 

* The realized gain (loss) recognized during the period ended 09/30/2008 for other financial instruments was $0.


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 Global Health Care Fund, Inc.

By:   /s/ Robert M. Keith
  Robert M. Keith
  President

Date: November 21, 2008

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/ Robert M. Keith
  Robert M. Keith
  President

Date: November 21, 2008

By:   /s/ Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer

Date: November 21, 2008

EX-99.CERT 2 dex99cert.htm CERTIFICATIONS Certifications

Exhibit 11(a)(1)

CERTIFICATIONS

I, Robert M. Keith, certify that:

1. I have reviewed this report on Form N-Q of AllianceBernstein Global Health Care 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/ Robert M. Keith
Robert M. Keith
President

Date: November 21, 2008


Exhibit 11(a)(2)

CERTIFICATIONS

I, Joseph J. Mantineo, certify that:

1. I have reviewed this report on Form N-Q of AllianceBernstein Global Health Care 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/ Joseph J. Mantineo
Joseph J. Mantineo
Treasurer and Chief Financial Officer

Date: November 21, 2008

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