AB Global High Income Fund Releases Monthly Portfolio Update

Dec 24, 2015, 13:06 ET from AB Global High Income Fund, Inc.

NEW YORK, Dec. 24, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2015.

 


AB Global High Income Fund, Inc.




Top 10 Fixed Income Holdings

Portfolio %

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

3.14%

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

2.22%

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

1.11%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.401%, 1/25/37

0.98%

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

0.68%

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

0.61%

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

0.60%

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

0.57%

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

0.56%

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

0.43%



Investment Type

Portfolio %

Corporates - Non-Investment Grade


Industrial


Consumer Non-Cyclical

7.58%

Communications - Media

5.76%

Energy

5.38%

Capital Goods

3.83%

Communications - Telecommunications

3.70%

Consumer Cyclical - Other

3.56%

Technology

3.04%

Basic

2.89%

Consumer Cyclical - Retailers

2.54%

Consumer Cyclical - Automotive

1.84%

Other Industrial

1.18%

Transportation - Services

0.72%

Consumer Cyclical - Entertainment

0.59%

Services

0.54%

Transportation - Airlines

0.49%

Consumer Cyclical - Restaurants

0.41%

SUBTOTAL

44.05%

Financial Institutions


Banking

4.75%

Finance

1.36%

Insurance

0.69%

Other Finance

0.46%

Brokerage

0.09%

SUBTOTAL

7.35%

Credit Default Swaps

4.16%

SUBTOTAL

4.16%

Utility


Electric

1.88%

SUBTOTAL

1.88%

SUBTOTAL

57.44%

Global Governments

11.06%

Collateralized Mortgage Obligations


GSE Risk Share Floating Rate

4.35%

Non-Agency Fixed Rate

3.40%

Non-Agency Floating Rate

3.01%

SUBTOTAL

10.76%

Corporates - Investment Grade


Industrial


Basic

1.59%

Energy

0.63%

Communications - Media

0.58%

Communications - Telecommunications

0.26%

Capital Goods

0.24%

Other Industrial

0.20%

Technology

0.20%

Transportation - Airlines

0.17%

Consumer Non-Cyclical

0.12%

Consumer Cyclical - Other

0.02%

SUBTOTAL

4.01%

Financial Institutions


Insurance

1.47%

Banking

0.82%

REITS

0.49%

Finance

0.22%

Brokerage

0.10%

SUBTOTAL

3.10%

Credit Default Swaps

0.73%

SUBTOTAL

0.73%

Utility


Electric

0.38%

Natural Gas

0.12%

SUBTOTAL

0.50%

SUBTOTAL

8.34%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

3.60%

Credit Default Swaps

0.88%

Non-Agency Floating Rate CMBS

0.19%

SUBTOTAL

4.67%

Emerging Markets - Sovereigns

3.63%

Bank Loans


Industrial


Consumer Non-Cyclical

0.46%

Consumer Cyclical - Retailers

0.45%

Basic

0.39%

Consumer Cyclical - Other

0.37%

Other Industrial

0.36%

Consumer Cyclical - Entertainment

0.23%

Technology

0.22%

Communications - Media

0.19%

Energy

0.17%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.02%

Utility


Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions


Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.24%

Interest Rate Swaps

2.71%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.52%

Capital Goods

0.50%

Basic

0.45%

Consumer Cyclical - Retailers

0.32%

Transportation - Airlines

0.26%

Communications - Telecommunications

0.17%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.25%

Utility


Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions


Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.49%

Preferred Stocks


Financial Institutions

2.06%

Utility

0.03%

SUBTOTAL

2.09%

Governments - Sovereign Agencies

1.48%

Local Governments - Municipal Bonds

1.06%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.77%

Home Equity Loans - Floating Rate

0.18%

SUBTOTAL

0.95%

Whole Loan Trusts


Performing Asset

0.95%

SUBTOTAL

0.95%

Common Stocks

0.77%

Emerging Markets - Treasuries

0.74%

Total Return Swaps

0.28%

Quasi-Sovereigns


Quasi-Sovereign Bonds

0.25%

SUBTOTAL

0.25%

Agencies


Agency Subordinated

0.15%

SUBTOTAL

0.15%

Currency Instruments


Forward Currency Exchange Contracts

0.15%

SUBTOTAL

0.15%

Investment Companies


Funds and Investment Trusts

0.15%

SUBTOTAL

0.15%

Inflation-Linked Securities

0.08%

Warrants

0.05%

Reverse Repurchase Agreements

-8.36%

Net Cash Equivalents


Cash

2.33%

Investment Companies

1.31%

SUBTOTAL

3.64%

Derivative Offsets


Swaps Offsets

-8.77%

SUBTOTAL

-8.77%


100.00%



Country Breakdown

Portfolio %

United States

69.47%

Brazil

4.34%

United Kingdom

3.52%

Canada

1.93%

France

1.75%

Mexico

1.61%

Ireland

1.43%

Dominican Republic

1.35%

Luxembourg

1.16%

Netherlands

1.10%

Switzerland

1.00%

Germany

0.89%

South Africa

0.81%

Italy

0.78%

Ivory Coast

0.68%

United Arab Emirates

0.64%

Spain

0.62%

Indonesia

0.60%

El Salvador

0.60%

Bermuda

0.51%

Venezuela

0.47%

Colombia

0.43%

Croatia

0.37%

India

0.31%

Ghana

0.30%

Australia

0.30%

New Zealand

0.26%

Jamaica

0.25%

Turkey

0.24%

Barbados

0.21%

Portugal

0.20%

Macau

0.19%

Trinidad & Tobago

0.17%

Bulgaria

0.14%

Zambia

0.14%

Pakistan

0.13%

Lebanon

0.12%

Hong Kong

0.10%

Sri Lanka

0.10%

Sweden

0.10%

Denmark

0.09%

Uruguay

0.07%

Guatemala

0.07%

Peru

0.07%

Chile

0.06%

Kenya

0.06%

Morocco

0.06%

Angola

0.06%

Bahrain

0.05%

Norway

0.04%

Serbia

0.03%

Belgium

0.02%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

99.06%

Japanese Yen

3.53%

Indian Rupee

1.24%

Dominican Peso

0.56%

New Turkish Lira

0.50%

Hungarian Forint

0.16%

Uruguayan Peso

0.08%

Mexican Peso

0.03%

South African Rand

0.01%

Indonesian Rupiah

0.01%

Norwegian Krone

-0.02%

Colombian Peso

-0.05%

Brazilian Real

-0.05%

Singapore Dollar

-0.50%

Canadian Dollar

-0.50%

Taiwan New Dollar

-1.01%

Great British Pound

-1.12%

Euro

-1.93%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

-1.48%

AA

0.67%

A

2.47%

BBB

15.45%

BB

30.15%

B

22.96%

CCC

12.52%

CC

1.20%

C

0.03%

D

0.67%

Not Rated

8.11%

Short Term Investments

1.31%

N/A

5.94%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

1.64%

1 to 5 years

32.72%

5 to 10 years

48.63%

10 to 20 years

9.46%

20 to 30 years

5.14%

More than 30 years

1.59%

Other

0.82%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.10%

Average Bond Price :

96.34

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

19.61%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

19.61%

Average Maturity:

8.01 Years

Effective Duration:

4.93 Years

Total Net Assets:

$1,110.24 Million

Net Asset Value:

$12.88

Number of Holdings:

1148

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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