AB Global High Income Fund Releases Monthly Portfolio Update

23 Nov, 2015, 16:06 ET from AB Global High Income Fund, Inc.

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31, 2015.

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

3.10%

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

2.18%

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

1.09%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.377%, 1/25/37

0.96%

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

0.67%

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

0.59%

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

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

0.54%

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

0.43%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.41%

Communications - Media

6.00%

Energy

5.54%

Capital Goods

3.83%

Communications - Telecommunications

3.71%

Consumer Cyclical - Other

3.61%

Technology

3.26%

Basic

2.84%

Consumer Cyclical - Retailers

2.67%

Consumer Cyclical - Automotive

1.92%

Other Industrial

1.23%

Transportation - Services

0.66%

Services

0.59%

Consumer Cyclical - Entertainment

0.58%

Transportation - Airlines

0.48%

Consumer Cyclical - Restaurants

0.41%

SUBTOTAL

44.74%

Financial Institutions

Banking

4.41%

Finance

1.36%

Insurance

0.64%

Other Finance

0.47%

Brokerage

0.09%

SUBTOTAL

6.97%

Credit Default Swaps

4.20%

SUBTOTAL

4.20%

Utility

Electric

1.92%

SUBTOTAL

1.92%

SUBTOTAL

57.83%

Global Governments

10.94%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

4.12%

Non-Agency Fixed Rate

3.39%

Non-Agency Floating Rate

2.97%

SUBTOTAL

10.48%

Corporates - Investment Grade

Industrial

Basic

1.69%

Energy

0.63%

Communications - Media

0.57%

Communications - Telecommunications

0.26%

Capital Goods

0.24%

Other Industrial

0.20%

Transportation - Airlines

0.16%

Consumer Non-Cyclical

0.11%

Transportation - Services

0.07%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.95%

Financial Institutions

Insurance

1.44%

Banking

1.06%

REITS

0.48%

Finance

0.39%

Brokerage

0.09%

SUBTOTAL

3.46%

Credit Default Swaps

0.72%

SUBTOTAL

0.72%

Utility

Electric

0.39%

Natural Gas

0.11%

SUBTOTAL

0.50%

SUBTOTAL

8.63%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.04%

Credit Default Swaps

0.87%

Non-Agency Floating Rate CMBS

0.18%

SUBTOTAL

4.09%

Emerging Markets - Sovereigns

3.55%

Bank Loans

Industrial

Consumer Cyclical - Retailers

0.50%

Other Industrial

0.49%

Basic

0.44%

Consumer Cyclical - Other

0.37%

Consumer Non-Cyclical

0.30%

Consumer Cyclical - Entertainment

0.23%

Technology

0.23%

Communications - Media

0.19%

Energy

0.18%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.11%

Utility

Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.33%

Interest Rate Swaps - SIFMA

2.72%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.49%

Capital Goods

0.49%

Basic

0.41%

Consumer Cyclical - Retailers

0.32%

Transportation - Airlines

0.24%

Communications - Telecommunications

0.17%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.15%

Utility

Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions

Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.39%

Preferred Stocks

Financial Institutions

2.02%

Utility

0.03%

SUBTOTAL

2.05%

Governments - Sovereign Agencies

1.47%

Local Governments - Municipal Bonds

1.03%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.76%

Home Equity Loans - Floating Rate

0.18%

SUBTOTAL

0.94%

Whole Loan Trusts

Performing Asset

0.82%

SUBTOTAL

0.82%

Common Stocks

0.75%

Emerging Markets - Treasuries

0.73%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.45%

SUBTOTAL

0.45%

Total Return Swaps

0.28%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Agencies

Agency Subordinated

0.14%

SUBTOTAL

0.14%

Inflation-Linked Securities

0.07%

Warrants

0.05%

Options Purchased - Puts

Swaptions

0.01%

SUBTOTAL

0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.17%

SUBTOTAL

-0.17%

Reverse Repurchase Agreements

-7.07%

Net Cash Equivalents

Investment Companies

1.49%

Cash

1.45%

SUBTOTAL

2.94%

Derivative Offsets

Swaps Offsets

-8.61%

SUBTOTAL

-8.61%

100.00%

Country Breakdown

Portfolio %

United States

69.00%

Brazil

4.34%

United Kingdom

3.68%

Canada

1.90%

France

1.79%

Mexico

1.60%

Netherlands

1.51%

Ireland

1.43%

Dominican Republic

1.33%

Luxembourg

1.17%

Germany

1.03%

South Africa

0.82%

Italy

0.78%

Switzerland

0.78%

Ivory Coast

0.66%

United Arab Emirates

0.64%

Indonesia

0.59%

El Salvador

0.59%

Bermuda

0.50%

Colombia

0.46%

Venezuela

0.45%

Spain

0.41%

Croatia

0.36%

Ghana

0.35%

India

0.31%

Australia

0.29%

New Zealand

0.26%

Jamaica

0.24%

Turkey

0.23%

Kazakhstan

0.20%

Portugal

0.20%

Barbados

0.20%

Macau

0.19%

Hong Kong

0.18%

Trinidad & Tobago

0.17%

Bulgaria

0.14%

Zambia

0.13%

Pakistan

0.13%

Lebanon

0.12%

Sweden

0.10%

Denmark

0.09%

Sri Lanka

0.09%

Peru

0.08%

Guatemala

0.07%

Uruguay

0.07%

Kenya

0.06%

Morocco

0.06%

Chile

0.06%

Bahrain

0.05%

Belgium

0.04%

Norway

0.04%

Serbia

0.03%

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

99.38%

Japanese Yen

2.46%

Indian Rupee

1.23%

Dominican Peso

0.54%

New Turkish Lira

0.49%

Hungarian Forint

0.17%

Uruguayan Peso

0.07%

Mexican Peso

0.03%

Canadian Dollar

0.01%

South African Rand

0.01%

Great British Pound

-0.01%

Norwegian Krone

-0.02%

Colombian Peso

-0.05%

Brazilian Real

-0.06%

Australian Dollar

-0.48%

Taiwan New Dollar

-1.00%

Singapore Dollar

-1.01%

Euro

-1.76%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

0.64%

AA

0.66%

A

2.24%

BBB

15.61%

BB

28.99%

B

24.08%

CCC

12.88%

CC

1.03%

C

0.02%

D

0.68%

Not Rated

7.97%

Short Term Investments

1.49%

N/A

3.71%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

2.90%

1 to 5 years

35.52%

5 to 10 years

45.05%

10 to 20 years

8.99%

20 to 30 years

5.08%

More than 30 years

1.65%

Other

0.81%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.12%

Average Bond Price :

97.60

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

18.00%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

18.00%

Average Maturity:

7.82 Years

Effective Duration:

4.92 Years

Total Net Assets:

$1,134.85 Million

Net Asset Value:

$13.16

Number of Holdings:

1140

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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