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: 811-08426
ALLIANCEBERNSTEIN INTERNATIONAL GROWTH 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, 2012
Date of reporting period: March 31, 2012
ITEM 1. | SCHEDULE OF INVESTMENTS. |
AllianceBernstein International Growth Fund
Portfolio of Investments
March 31, 2012 (unaudited)
Company |
Shares | U.S. $ Value | ||||||
COMMON STOCKS - 99.6% |
||||||||
Financials - 20.2% |
||||||||
Capital Markets - 4.6% |
||||||||
Aberdeen Asset Management PLC |
1,893,050 | $ | 7,782,894 | |||||
Azimut Holding SpA |
450,177 | 4,890,801 | ||||||
Man Group PLC |
3,615,664 | 7,808,371 | ||||||
Partners Group Holding AG |
121,165 | 23,638,147 | ||||||
|
|
|||||||
44,120,213 | ||||||||
|
|
|||||||
Commercial Banks - 8.0% |
||||||||
Bangkok Bank PCL (NVDR) |
1,073,400 | 6,444,189 | ||||||
Bank Rakyat Indonesia Persero Tbk PT |
5,763,000 | 4,392,054 | ||||||
Chongqing Rural Commercial Bank (a) |
1,404,000 | 671,479 | ||||||
HDFC Bank Ltd. |
461,070 | 4,673,486 | ||||||
HSBC Holdings PLC |
782,819 | 6,953,167 | ||||||
Industrial & Commercial Bank of China - Class H |
17,391,755 | 11,219,114 | ||||||
Itausa - Investimentos Itau SA (Preference Shares) |
1,526,742 | 9,409,103 | ||||||
Sberbank of Russia (Sponsored ADR) (a) |
456,548 | 6,113,178 | ||||||
Standard Chartered PLC |
668,969 | 16,705,265 | ||||||
United Overseas Bank Ltd. |
687,000 | 10,032,940 | ||||||
|
|
|||||||
76,613,975 | ||||||||
|
|
|||||||
Consumer Finance - 0.2% |
||||||||
Muthoot Finance Ltd. (a) |
865,910 | 2,142,507 | ||||||
|
|
|||||||
Diversified Financial Services - 2.4% |
||||||||
Deutsche Boerse AG |
130,690 | 8,799,791 | ||||||
FirstRand, Ltd. |
1,696,129 | 5,248,913 | ||||||
IG Group Holdings PLC |
1,156,351 | 8,326,096 | ||||||
|
|
|||||||
22,374,800 | ||||||||
|
|
|||||||
Insurance - 4.1% |
||||||||
AIA Group Ltd. |
5,218,800 | 19,158,831 | ||||||
Prudential PLC |
1,642,500 | 19,681,115 | ||||||
|
|
|||||||
38,839,946 | ||||||||
|
|
|||||||
Real Estate Management & Development - 0.4% |
||||||||
BR Malls Participacoes SA |
294,100 | 3,832,830 | ||||||
|
|
|||||||
Thrifts & Mortgage Finance - 0.5% |
||||||||
Housing Development Finance Corp. |
338,920 | 4,485,176 | ||||||
|
|
|||||||
192,409,447 | ||||||||
|
|
|||||||
Consumer Staples - 13.0% |
||||||||
Beverages - 3.3% |
||||||||
Anheuser-Busch InBev NV |
331,363 | 24,132,774 | ||||||
Cia de Bebidas das Americas (Preference Shares) |
179,362 | 7,423,265 | ||||||
|
|
|||||||
31,556,039 | ||||||||
|
|
|||||||
Food & Staples Retailing - 0.9% |
||||||||
Olam International Ltd. |
2,835,727 | 5,329,017 | ||||||
Raia Drogasil SA |
355,100 | 3,452,861 | ||||||
|
|
|||||||
8,781,878 | ||||||||
|
|
Company |
Shares | U.S. $ Value | ||||||
Food Products - 4.4% |
||||||||
Danone |
194,626 | $ | 13,576,264 | |||||
Nestle SA |
446,619 | 28,099,737 | ||||||
|
|
|||||||
41,676,001 | ||||||||
|
|
|||||||
Household Products - 1.2% |
||||||||
Reckitt Benckiser Group PLC |
199,015 | 11,259,867 | ||||||
|
|
|||||||
Tobacco - 3.2% |
||||||||
British American Tobacco PLC |
614,928 | 30,976,752 | ||||||
|
|
|||||||
124,250,537 | ||||||||
|
|
|||||||
Consumer Discretionary - 12.9% |
||||||||
Automobiles - 2.4% |
||||||||
Nissan Motor Co., Ltd. |
1,249,200 | 13,431,445 | ||||||
Volkswagen AG (Preference Shares) |
52,984 | 9,317,930 | ||||||
|
|
|||||||
22,749,375 | ||||||||
|
|
|||||||
Distributors - 0.9% |
||||||||
Li & Fung Ltd. |
3,602,000 | 8,243,394 | ||||||
|
|
|||||||
Diversified Consumer Services - 0.2% |
||||||||
Estacio Participacoes SA |
204,500 | 2,206,935 | ||||||
|
|
|||||||
Hotels, Restaurants & Leisure - 0.6% |
||||||||
Ajisen China Holdings Ltd. |
2,303,000 | 3,043,603 | ||||||
Shangri-La Asia Ltd. |
1,133,666 | 2,481,296 | ||||||
|
|
|||||||
5,524,899 | ||||||||
|
|
|||||||
Internet & Catalog Retail - 0.7% |
||||||||
Rakuten, Inc. |
6,419 | 6,728,414 | ||||||
|
|
|||||||
Media - 2.0% |
||||||||
Eutelsat Communications SA |
85,181 | 3,150,531 | ||||||
Informa PLC |
741,912 | 5,243,275 | ||||||
Naspers Ltd. |
97,581 | 5,490,047 | ||||||
SES SA (FDR) |
224,593 | 5,574,245 | ||||||
|
|
|||||||
19,458,098 | ||||||||
|
|
|||||||
Multiline Retail - 0.3% |
||||||||
Golden Eagle Retail Group Ltd. (b) |
1,287,000 | 3,280,228 | ||||||
|
|
|||||||
Specialty Retail - 4.1% |
||||||||
Belle International Holdings Ltd. |
4,728,000 | 8,484,586 | ||||||
Fast Retailing Co., Ltd. |
35,700 | 8,190,703 | ||||||
Hennes & Mauritz AB - Class B |
222,250 | 8,034,184 | ||||||
Yamada Denki Co., Ltd. |
95,730 | 6,012,377 | ||||||
Zhongsheng Group Holdings Ltd. (b) |
4,393,000 | 8,620,569 | ||||||
|
|
|||||||
39,342,419 | ||||||||
|
|
|||||||
Textiles, Apparel & Luxury Goods - 1.7% |
||||||||
Cie Financiere Richemont SA |
204,142 | 12,795,693 | ||||||
Trinity Ltd. |
3,562,000 | 2,930,915 | ||||||
|
|
|||||||
15,726,608 | ||||||||
|
|
|||||||
123,260,370 | ||||||||
|
|
|||||||
Information Technology - 11.6% |
||||||||
Communications Equipment - 0.6% |
||||||||
ZTE Corp. - Class H (b) |
2,002,000 | 5,383,986 | ||||||
|
|
Company |
Shares | U.S. $ Value | ||||||
Electronic Equipment, Instruments & Components - 0.6% |
||||||||
Murata Manufacturing Co., Ltd. |
104,800 | $ | 6,252,795 | |||||
|
|
|||||||
Internet Software & Services - 3.2% |
||||||||
Baidu, Inc./China (Sponsored ADR) (a) |
80,800 | 11,778,216 | ||||||
Mail.ru Group Ltd. (GDR) (a) (c) |
160,750 | 6,333,969 | ||||||
Tencent Holdings Ltd. |
457,800 | 12,791,047 | ||||||
|
|
|||||||
30,903,232 | ||||||||
|
|
|||||||
Semiconductors & Semiconductor Equipment - 4.8% |
||||||||
ARM Holdings PLC |
857,691 | 8,091,879 | ||||||
ASML Holding NV |
229,777 | 11,512,138 | ||||||
Samsung Electronics Co., Ltd. |
23,240 | 26,215,994 | ||||||
|
|
|||||||
45,820,011 | ||||||||
|
|
|||||||
Software - 2.4% |
||||||||
SAP AG |
210,522 | 14,704,054 | ||||||
Temenos Group AG (a) (b) |
443,710 | 8,218,212 | ||||||
|
|
|||||||
22,922,266 | ||||||||
|
|
|||||||
111,282,290 | ||||||||
|
|
|||||||
Energy - 10.9% |
||||||||
Energy Equipment & Services - 3.8% |
||||||||
Saipem SpA |
238,822 | 12,338,846 | ||||||
Schlumberger Ltd. |
172,537 | 12,065,512 | ||||||
Technip SA |
96,890 | 11,441,238 | ||||||
|
|
|||||||
35,845,596 | ||||||||
|
|
|||||||
Oil, Gas & Consumable Fuels - 7.1% |
||||||||
Adaro Energy Tbk PT |
17,554,500 | 3,708,836 | ||||||
Afren PLC (a) |
4,622,382 | 9,882,847 | ||||||
BG Group PLC |
871,736 | 20,212,655 | ||||||
China Shenhua Energy Co., Ltd. - Class H |
1,940,000 | 8,193,294 | ||||||
NovaTek OAO (Sponsored GDR) (c) |
51,473 | 6,995,229 | ||||||
Tullow Oil PLC |
307,366 | 7,512,519 | ||||||
Ultrapar Participacoes SA |
517,000 | 11,328,713 | ||||||
|
|
|||||||
67,834,093 | ||||||||
|
|
|||||||
103,679,689 | ||||||||
|
|
|||||||
Industrials - 10.7% |
||||||||
Aerospace & Defense - 0.6% |
||||||||
Safran SA |
170,436 | 6,263,775 | ||||||
|
|
|||||||
Construction & Engineering - 0.9% |
||||||||
Samsung Engineering Co., Ltd. |
38,820 | 8,296,688 | ||||||
|
|
|||||||
Electrical Equipment - 0.9% |
||||||||
Schneider Electric SA |
137,082 | 8,968,021 | ||||||
|
|
|||||||
Industrial Conglomerates - 0.9% |
||||||||
Bidvest Group Ltd. |
367,981 | 8,640,548 | ||||||
|
|
|||||||
Machinery - 4.2% |
||||||||
FANUC Corp. |
101,400 | 18,162,278 | ||||||
Komatsu Ltd. |
449,300 | 12,919,385 | ||||||
Weir Group PLC (The) |
304,993 | 8,603,611 | ||||||
|
|
|||||||
39,685,274 | ||||||||
|
|
Company |
Shares | U.S. $ Value | ||||||
Professional Services - 1.5% |
||||||||
Experian PLC |
928,923 | $ | 14,489,966 | |||||
|
|
|||||||
Road & Rail - 0.8% |
||||||||
All America Latina Logistica SA |
1,499,300 | 7,433,052 | ||||||
|
|
|||||||
Trading Companies & Distributors - 0.9% |
||||||||
Wolseley PLC |
227,610 | 8,696,267 | ||||||
|
|
|||||||
102,473,591 | ||||||||
|
|
|||||||
Materials - 10.3% |
||||||||
Chemicals - 4.1% |
||||||||
Croda International PLC |
282,420 | 9,511,869 | ||||||
Israel Chemicals Ltd. |
992,780 | 11,469,500 | ||||||
Linde AG |
64,430 | 11,557,790 | ||||||
Potash Corp. of Saskatchewan, Inc. |
152,990 | 6,984,976 | ||||||
|
|
|||||||
39,524,135 | ||||||||
|
|
|||||||
Containers & Packaging - 0.9% |
||||||||
Klabin SA (Preference Shares) |
1,754,500 | 8,111,961 | ||||||
|
|
|||||||
Metals & Mining - 5.3% |
||||||||
African Minerals Ltd. (a) |
1,030,420 | 9,131,723 | ||||||
Antofagasta PLC |
373,650 | 6,904,947 | ||||||
First Quantum Minerals Ltd. |
519,530 | 9,906,723 | ||||||
Goldcorp, Inc. |
246,030 | 11,089,788 | ||||||
Rio Tinto PLC |
78,390 | 4,344,938 | ||||||
ThyssenKrupp AG |
128,210 | 3,191,710 | ||||||
Xstrata PLC |
339,480 | 5,815,921 | ||||||
|
|
|||||||
50,385,750 | ||||||||
|
|
|||||||
98,021,846 | ||||||||
|
|
|||||||
Health Care - 7.2% |
||||||||
Health Care Equipment & Supplies - 0.4% |
||||||||
Elekta AB |
71,570 | 3,622,871 | ||||||
|
|
|||||||
Health Care Providers & Services - 0.7% |
||||||||
Fresenius Medical Care AG & Co. KGaA |
93,128 | 6,592,522 | ||||||
|
|
|||||||
Pharmaceuticals - 6.1% |
||||||||
Aspen Pharmacare Holdings Ltd. (a) |
411,481 | 6,356,157 | ||||||
Bayer AG |
94,110 | 6,618,654 | ||||||
Mitsubishi Tanabe Pharma Corp. |
275,000 | 3,872,373 | ||||||
Novo Nordisk A/S - Class B (b) |
79,440 | 11,031,011 | ||||||
Pharmstandard OJSC (GDR) (a) (c) |
177,631 | 3,149,244 | ||||||
Sanofi |
143,410 | 11,127,401 | ||||||
Shire PLC |
434,394 | 13,899,033 | ||||||
Teva Pharmaceutical Industries Ltd. (Sponsored ADR) |
58,252 | 2,624,835 | ||||||
|
|
|||||||
58,678,708 | ||||||||
|
|
|||||||
68,894,101 | ||||||||
|
|
Company |
Shares | U.S. $ Value | ||||||
Utilities - 1.4% |
||||||||
Multi-Utilities - 1.4% |
||||||||
National Grid PLC |
1,337,460 | $ | 13,480,073 | |||||
|
|
|||||||
Telecommunication Services - 1.4% |
||||||||
Diversified Telecommunication Services - 0.2% |
||||||||
Ziggo NV (a) |
53,492 | 1,668,696 | ||||||
|
|
|||||||
Wireless Telecommunication Services - 1.2% |
||||||||
America Movil SAB de CV Series L (ADR) |
262,696 | 6,522,742 | ||||||
MTN Group Ltd. |
277,869 | 4,899,749 | ||||||
|
|
|||||||
11,422,491 | ||||||||
|
|
|||||||
13,091,187 | ||||||||
|
|
|||||||
Total Common Stocks |
950,843,131 | |||||||
|
|
|||||||
WARRANTS - 0.7% |
||||||||
Information Technology - 0.7% |
||||||||
Electronic Equipment, Instruments & Components - 0.7% |
||||||||
Hon Hai Precision Industry Co., Ltd., JPMorgan Chase Bank NA, expiring 9/29/14 (a) (c) |
1,638,450 | 6,326,055 | ||||||
|
|
|||||||
Principal Amount (000) |
||||||||
SHORT-TERM INVESTMENTS - 0.4% |
||||||||
Time Deposit - 0.4% |
||||||||
Barclays 0.09%, 4/02/12 |
$ | 3,800 | 3,800,000 | |||||
|
|
|||||||
Total Investments Before Security Lending Collateral for Securities Loaned - 100.7% |
960,969,186 | |||||||
|
|
|||||||
Shares | ||||||||
INVESTMENTS OF CASH COLLATERAL FOR SECURITY LOANED - 3.0% |
||||||||
Investment Companies - 3.0% |
||||||||
AllianceBernstein Exchange Reserves - Class I, 0.22% (d) |
28,296,075 | 28,296,075 | ||||||
|
|
U.S. $ Value | ||||
Total Investments - 103.7% |
$ | 989,265,261 | ||
Other assets less liabilities - (3.7)% |
(35,092,122 | ) | ||
|
|
|||
Net Assets - 100.0% |
$ | 954,173,139 | ||
|
|
FORWARD CURRENCY EXCHANGE CONTRACTS
Counterparty & Description |
Contract Amount (000) |
U.S. $ Value on Origination Date |
U.S. $ Value at March 31, 2012 |
Unrealized Appreciation/ (Depreciation) |
||||||||||||
Buy Contracts |
||||||||||||||||
Bank of America NA: |
||||||||||||||||
Canadian Dollar settling 5/15/12 |
1,144 | $ | 1,148,387 | $ | 1,145,932 | $ | (2,455 | ) | ||||||||
Barclays Capital Inc.: |
||||||||||||||||
New Zealand Dollar settling 5/15/12 |
3,610 | 2,829,265 | 2,947,167 | 117,902 | ||||||||||||
Citibank: |
||||||||||||||||
Australian Dollar settling 5/15/12 |
51,955 | 55,632,115 | 53,560,089 | (2,072,026 | ) | |||||||||||
Credit Suisse First Boston: |
||||||||||||||||
Swiss Franc settling 5/15/12 |
5,732 | 6,318,697 | 6,352,992 | 34,295 | ||||||||||||
Goldman Sachs: |
||||||||||||||||
Euro settling 5/15/12 |
60,681 | 80,530,059 | 80,946,531 | 416,472 | ||||||||||||
HSBC Securities Inc.: |
||||||||||||||||
Norwegian Krone settling 5/15/12 |
160,446 | 27,725,486 | 28,128,115 | 402,629 | ||||||||||||
Swiss Franc settling 5/15/12 |
17,090 | 18,918,680 | 18,941,493 | 22,813 | ||||||||||||
Royal Bank of Scotland: |
||||||||||||||||
Norwegian Krone settling 5/15/12 |
122,310 | 21,333,375 | 21,442,415 | 109,040 | ||||||||||||
Swedish Krona settling 5/15/12 |
204,381 | 30,629,889 | 30,839,953 | 210,064 | ||||||||||||
Standard Chartered Bank: |
||||||||||||||||
Australian Dollar settling 5/15/12 |
12,947 | 13,762,357 | 13,346,983 | (415,374 | ) | |||||||||||
Great British Pound settling 5/15/12 |
14,804 | 23,169,148 | 23,672,196 | 503,048 | ||||||||||||
UBS Securities LLC: |
||||||||||||||||
Japanese Yen settling 5/15/12 |
3,869,021 | 50,362,467 | 46,762,214 | (3,600,253 | ) | |||||||||||
Swedish Krona settling 5/15/12 |
114,261 | 17,106,221 | 17,241,349 | 135,128 | ||||||||||||
Westpac Banking Corp.: |
||||||||||||||||
Australian Dollar settling 5/15/12 |
28,405 | 28,911,177 | 29,282,539 | 371,362 | ||||||||||||
New Zealand Dollar settling 5/15/12 |
3,731 | 2,967,227 | 3,045,950 | 78,723 | ||||||||||||
New Zealand Dollar settling 5/15/12 |
51,907 | 43,058,154 | 42,376,347 | (681,807 | ) | |||||||||||
Sale Contracts |
||||||||||||||||
Barclays Capital Inc.: |
||||||||||||||||
Japanese Yen settling 5/15/12 |
383,072 | 4,945,806 | 4,629,929 | 315,877 | ||||||||||||
Brown Brothers Harriman & Co.: |
||||||||||||||||
Great British Pound settling 5/15/12 |
12,449 | 19,765,402 | 19,906,456 | (141,054 | ) | |||||||||||
Japanese Yen settling 5/15/12 |
1,286,243 | 15,662,397 | 15,545,941 | 116,456 | ||||||||||||
Citibank: |
||||||||||||||||
Japanese Yen settling 5/15/12 |
2,289,284 | 28,544,582 | 27,669,013 | 875,569 | ||||||||||||
Swiss Franc settling 5/15/12 |
35,060 | 38,453,692 | 38,858,323 | (404,631 | ) | |||||||||||
Credit Suisse First Boston: |
||||||||||||||||
Canadian Dollar settling 5/15/12 |
1,144 | 1,142,800 | 1,145,932 | (3,132 | ) | |||||||||||
Canadian Dollar settling 5/15/12 |
26,350 | 26,322,362 | 26,394,502 | (72,140 | ) |
Counterparty & Description |
Contract Amount (000) |
U.S. $ Value on Origination Date |
U.S. $ Value at March 31, 2012 |
Unrealized Appreciation/ (Depreciation) |
||||||||||||
Goldman Sachs: |
||||||||||||||||
Australian Dollar settling 5/15/12 |
21,534 | $ | 22,126,293 | $ | 22,199,268 | $ | (72,975 | ) | ||||||||
Euro settling 5/15/12 |
31,660 | 41,936,203 | 42,233,437 | (297,234 | ) | |||||||||||
Swiss Franc settling 5/15/12 |
18,030 | 19,751,545 | 19,983,331 | (231,786 | ) | |||||||||||
Royal Bank of Scotland: |
||||||||||||||||
Euro settling 5/15/12 |
45,386 | 60,008,461 | 60,543,485 | (535,024 | ) | |||||||||||
Great British Pound settling 5/15/12 |
3,487 | 5,315,234 | 5,575,854 | (260,620 | ) | |||||||||||
New Zealand Dollar settling 5/15/12 |
34,786 | 28,197,532 | 28,398,937 | (201,405 | ) | |||||||||||
State Street Bank and Trust Co.: |
||||||||||||||||
Great British Pound settling 5/15/12 |
50,076 | 79,415,528 | 80,073,556 | (658,028 | ) | |||||||||||
UBS Securities LLC: |
||||||||||||||||
Euro settling 5/15/12 |
7,414 | 9,561,836 | 9,890,041 | (328,205 | ) | |||||||||||
Japanese Yen settling 5/15/12 |
1,196,665 | 14,764,801 | 14,463,272 | 301,529 | ||||||||||||
Japanese Yen settling 5/15/12 |
363,958 | 4,490,620 | 4,398,912 | 91,708 | ||||||||||||
|
|
|||||||||||||||
$ | (5,875,534 | ) | ||||||||||||||
|
|
(a) | Non-income producing security. |
(b) | Represents entire or partial securities out on loan. |
(c) | 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 March 31, 2012, the aggregate market value of these securities amounted to $22,804,498 or 2.4% of net assets. |
(d) | Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end. |
(e) | As of March 31, 2012, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $219,071,115 and gross unrealized depreciation of investments was $(40,819,099), resulting in net unrealized appreciation of $178,252,016. |
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 & 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 | ||
FDR | - | Fiduciary Depositary Receipt | ||
GDR | - | Global Depositary Receipt | ||
NVDR | - | Non Voting Depositary Receipt | ||
OJSC | - | Open Joint Stock Company |
AllianceBernstein International Growth Fund
March 31, 2012 (unaudited)
COUNTRY BREAKDOWN *
26.6 | % | United Kingdom | ||
7.9 | % | Japan | ||
7.6 | % | Switzerland | ||
7.3 | % | China | ||
6.3 | % | Germany | ||
6.3 | % | France | ||
5.5 | % | Brazil | ||
3.7 | % | Hong Kong | ||
3.6 | % | South Korea | ||
3.2 | % | South Africa | ||
2.9 | % | Canada | ||
2.5 | % | Belgium | ||
2.3 | % | Russia | ||
13.9 | % | Other | ||
0.4 | % | Short-Term | ||
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100.0 | % | Total Investments | ||
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* | All data are as of March 31, 2012. The Fund’s country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. “Other” country weightings represent 1.8% or less in the following countries: Denmark, India, Indonesia, Israel, Italy, Mexico, Netherlands, Singapore, Sweden, Taiwan, Thailand and United States. |
AllianceBernstein International Growth Fund
March 31, 2012 (unaudited)
In accordance with U.S. GAAP regarding fair value measurements, 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. The U.S GAAP disclosure requirements establish 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 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 March 31, 2012:
Investments in Securities |
Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks: |
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Financials |
$ | 13,241,933 | $ | 179,167,514 | $ | – 0 | – | $ | 192,409,447 | |||||||
Consumer Staples |
10,876,126 | 113,374,411 | – 0 | – | 124,250,537 | |||||||||||
Consumer Discretionary |
2,206,935 | 121,053,435 | – 0 | – | 123,260,370 | |||||||||||
Information Technology |
11,778,216 | 99,504,074 | – 0 | – | 111,282,290 | |||||||||||
Energy |
23,394,225 | 80,285,464 | – 0 | – | 103,679,689 | |||||||||||
Industrials |
7,433,052 | 95,040,539 | – 0 | – | 102,473,591 | |||||||||||
Materials |
29,108,472 | 68,913,374 | – 0 | – | 98,021,846 | |||||||||||
Health Care |
2,624,835 | 66,269,266 | – 0 | – | 68,894,101 | |||||||||||
Utilities |
– 0 | – | 13,480,073 | – 0 | – | 13,480,073 | ||||||||||
Telecommunication Services |
8,191,438 | 4,899,749 | – 0 | – | 13,091,187 | |||||||||||
Warrants |
– 0 | – | 6,326,055 | – 0 | – | 6,326,055 | ||||||||||
Short-Term Investments |
3,800,000 | – 0 | – | – 0 | – | 3,800,000 | ||||||||||
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund |
28,296,075 | – 0 | – | – 0 | – | 28,296,075 | ||||||||||
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Total Investments in Securities |
140,951,307 | 848,313,954 | † | – 0 | – | 989,265,261 | ||||||||||
Other Financial Instruments*: |
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Assets |
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Forward Currency Exchange Contracts |
– 0 | – | 4,102,615 | – 0 | – | 4,102,615 | ||||||||||
Liabilities |
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Forward Currency Exchange Contracts |
– 0 | – | (9,978,149 | ) | – 0 | – | (9,978,149 | ) | ||||||||
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Total |
$ | 140,951,307 | $ | 842,438,420 | $ | – 0 | – | $ | 983,389,727 | |||||||
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* | Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument. Other financial instruments may also include options written which are valued at market value. |
† | The earlier close of the foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred between the close of the foreign markets and the time at which the Fund values its securities which may materially affect the value of securities trading in such markets. To account for this, the Fund may frequently value many of its foreign equity securities using fair value prices based on third party vendor modeling tools to the extent available. Accordingly, a significant portion of the Fund’s investments are categorized as Level 2 investments. |
Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value. The transfers between levels of the fair value hierarchy assumes the financial instrument was transferred at the beginning of the reporting period.
Financials | Total | |||||||
Balance as of 6/30/11 |
$ | 2,474,467 | $ | 2,474,467 | ||||
Accrued discounts/(premiums) |
– 0 | – | – 0 | – | ||||
Realized gain (loss) |
(1,028,869 | ) | (1,028,869 | ) | ||||
Change in unrealized appreciation/depreciation |
9,938 | 9,938 | ||||||
Purchases |
– 0 | – | – 0 | – | ||||
Sales |
(1,455,536 | ) | (1,455,536 | ) | ||||
Transfers into Level 3 |
– 0 | – | – 0 | – | ||||
Transfers out of Level 3 |
– 0 | – | – 0 | – | ||||
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Balance as of 3/31/12 |
$ | – 0 | – | $ | – 0 | – | ||
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Net change in unrealized appreciation/depreciation from investments held as of 3/31/12 |
$ | – 0 | – | $ | – 0 | – | ||
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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 changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.
ITEM 3. | EXHIBITS. |
The following exhibits are attached to this Form N-Q:
EXHIBIT NO. |
DESCRIPTION OF EXHIBIT | |
3 (a) (1) | Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | |
3 (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 International Growth Fund, Inc.
By: | /s/ Robert M. Keith | |
Robert M. Keith President | ||
Date: | May 23, 2012 |
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: | May 23, 2012 | |
By: | /s/ Joseph J. Mantineo | |
Joseph J. Mantineo Treasurer and Chief Financial Officer | ||
Date: | May 23, 2012 |