AB Global High Income Fund Releases Monthly Portfolio Update

06 Nov, 2015, 14:12 ET from AB Global High Income Fund, Inc.

NEW YORK, Nov. 6, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") is rereleasing its monthly portfolio update as of September 30, 2015, previously released on October 26, 2015, to revise certain information relating to its leverage levels. The revised information may be found below under the heading "Percentage of Leverage".

 

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Notes 1.25%, 1/31/20

12.24%

2) U.S. Treasury Bonds 8.125%, 5/15/21

3.18%

3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25

2.13%

4) Wachovia Mortgage Loan Trust Series 2006-ALT1 Series 2006-ALT1, Class A2 0.373%, 1/25/37

0.99%

5) U.S. Treasury Bonds 5.25%, 2/15/29

0.69%

6) Dominican Republic International Bond 8.625%, 4/20/27

0.59%

7) Ivory Coast Government International Bond 5.75%, 12/31/32

0.59%

8) El Salvador Government International Bond 7.65%, 6/15/35

0.56%

9) Dominican Republic International Bond 16.00%, 7/10/20

0.56%

10) U.S. Treasury Bonds 5.00%, 5/15/37

0.44%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

6.93%

Communications - Media

5.98%

Energy

5.20%

Capital Goods

3.92%

Consumer Cyclical - Other

3.53%

Communications - Telecommunications

3.24%

Technology

3.22%

Basic

2.78%

Consumer Cyclical - Retailers

2.61%

Consumer Cyclical - Automotive

1.89%

Other Industrial

1.18%

Transportation - Services

0.78%

Consumer Cyclical - Entertainment

0.60%

Services

0.59%

Transportation - Airlines

0.46%

Consumer Cyclical - Restaurants

0.40%

SUBTOTAL

43.31%

Financial Institutions

Banking

4.47%

Finance

1.37%

Insurance

0.66%

Other Finance

0.63%

REITS

0.28%

Brokerage

0.26%

SUBTOTAL

7.67%

Credit Default Swaps

3.33%

SUBTOTAL

3.33%

Utility

Electric

1.81%

SUBTOTAL

1.81%

SUBTOTAL

56.12%

Global Governments

22.57%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.86%

Non-Agency Fixed Rate

3.50%

Non-Agency Floating Rate

3.07%

SUBTOTAL

10.43%

Corporates - Investment Grade

Industrial

Basic

1.68%

Energy

0.57%

Communications - Media

0.42%

Communications - Telecommunications

0.28%

Other Industrial

0.20%

Transportation - Airlines

0.17%

Capital Goods

0.16%

Consumer Non-Cyclical

0.11%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.61%

Financial Institutions

Insurance

1.46%

Banking

1.06%

REITS

0.49%

Finance

0.39%

Brokerage

0.10%

SUBTOTAL

3.50%

Credit Default Swaps

0.73%

SUBTOTAL

0.73%

Utility

Electric

0.40%

Natural Gas

0.11%

SUBTOTAL

0.51%

SUBTOTAL

8.35%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.09%

Credit Default Swaps

0.87%

Non-Agency Floating Rate CMBS

0.19%

SUBTOTAL

4.15%

Bank Loans

Industrial

Other Industrial

0.53%

Consumer Cyclical - Retailers

0.50%

Basic

0.44%

Consumer Cyclical - Other

0.37%

Consumer Cyclical - Entertainment

0.24%

Technology

0.24%

Consumer Non-Cyclical

0.23%

Communications - Media

0.19%

Energy

0.18%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.08%

SUBTOTAL

3.11%

Utility

Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.33%

Emerging Markets - Sovereigns

3.27%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.74%

Capital Goods

0.50%

Basic

0.39%

Consumer Cyclical - Retailers

0.31%

Transportation - Airlines

0.25%

Communications - Telecommunications

0.19%

Communications - Media

0.15%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.56%

Utility

Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions

Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.80%

Interest Rate Swaps - SIFMA

2.65%

Preferred Stocks

Financial Institutions

2.01%

Utility

0.03%

Industrial

0.01%

SUBTOTAL

2.05%

Governments - Sovereign Agencies

1.40%

Local Governments - Municipal Bonds

1.03%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.78%

Home Equity Loans - Floating Rate

0.19%

SUBTOTAL

0.97%

Whole Loan Trusts

Performing Asset

0.84%

SUBTOTAL

0.84%

Common Stocks

0.77%

Emerging Markets - Treasuries

0.72%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.43%

SUBTOTAL

0.43%

Currency Instruments

Forward Currency Exchange Contracts

0.30%

SUBTOTAL

0.30%

Total Return Swaps

0.27%

Investment Companies

Funds and Investment Trusts

0.26%

SUBTOTAL

0.26%

Agencies

Agency Subordinated

0.14%

SUBTOTAL

0.14%

Inflation-Linked Securities

0.07%

Warrants

0.05%

Options Purchased - Puts

Swaptions

0.02%

SUBTOTAL

0.02%

Put Options Written

-0.01%

Interest Rate Futures

-11.43%

Reverse Repurchase Agreements

-18.28%

Net Cash Equivalents

Cash

2.50%

Investment Companies

0.78%

SUBTOTAL

3.28%

Derivative Offsets

Futures Offsets

11.34%

Swaps Offsets

-7.89%

SUBTOTAL

3.45%

100.00%

Country Breakdown

Portfolio %

United States

71.42%

Brazil

4.06%

United Kingdom

3.32%

Canada

1.68%

France

1.61%

Mexico

1.47%

Ireland

1.42%

Netherlands

1.34%

Dominican Republic

1.23%

Luxembourg

1.01%

Germany

0.90%

South Africa

0.75%

Switzerland

0.72%

Italy

0.68%

Ivory Coast

0.59%

United Arab Emirates

0.58%

El Salvador

0.54%

Indonesia

0.50%

Bermuda

0.46%

Colombia

0.42%

Spain

0.38%

Venezuela

0.37%

Croatia

0.34%

India

0.27%

Philippines

0.26%

Australia

0.25%

Hong Kong

0.24%

New Zealand

0.23%

Jamaica

0.23%

Portugal

0.22%

Turkey

0.21%

Barbados

0.19%

Kazakhstan

0.17%

Macau

0.17%

Trinidad & Tobago

0.15%

Norway

0.14%

Bahrain

0.14%

Bulgaria

0.13%

Pakistan

0.12%

Ghana

0.12%

Lebanon

0.11%

Zambia

0.11%

Denmark

0.09%

Sweden

0.09%

Belgium

0.09%

Sri Lanka

0.09%

Guatemala

0.08%

Peru

0.07%

Uruguay

0.06%

Chile

0.05%

Kenya

0.05%

Morocco

0.05%

Serbia

0.03%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

97.30%

Japanese Yen

3.08%

Dominican Peso

0.56%

New Turkish Lira

0.48%

Brazilian Real

0.41%

Philippine Peso

0.30%

Indian Rupee

0.27%

Indonesian Rupiah

0.17%

Hungarian Forint

0.17%

Uruguayan Peso

0.07%

Mexican Peso

0.02%

Colombian Peso

-0.02%

Norwegian Krone

-0.02%

Great British Pound

-0.04%

Canadian Dollar

-0.15%

Taiwan New Dollar

-0.50%

Euro

-2.10%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

0.41%

AA

0.66%

A

2.26%

BBB

15.99%

BB

27.90%

B

24.27%

CCC

12.88%

CC

1.08%

C

0.03%

D

0.70%

Not Rated

7.45%

Short Term Investments

0.78%

N/A

5.59%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-10.10%

1 to 5 years

45.52%

5 to 10 years

47.99%

10 to 20 years

8.45%

20 to 30 years

5.43%

More than 30 years

1.89%

Other

0.82%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.15%

Average Bond Price :

96.48

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

26.74%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

26.74%*

Average Maturity:

8.59 Years

Effective Duration:

4.98 Years

Total Net Assets:

$1,117.91 Million

Net Asset Value:

$12.96

Number of Holdings:

1143

Portfolio Turnover:

48%

* 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 AB Global High Income Fund, Inc.



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