AB Global High Income Fund Releases Monthly Portfolio Update

Jan 26, 2016, 15:25 ET from AB Global High Income Fund, Inc.

NEW YORK, Jan. 26, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2015.

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

3.26%

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

2.27%

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

1.16%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.601%, 1/25/37

0.96%

5) U.S. Treasury Notes 2.25%, 11/15/25

0.80%

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

0.71%

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

0.64%

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

0.63%

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

0.58%

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

0.56%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.89%

Communications - Media

5.89%

Energy

5.10%

Capital Goods

3.77%

Communications - Telecommunications

3.73%

Consumer Cyclical - Other

3.34%

Basic

2.75%

Technology

2.59%

Consumer Cyclical - Retailers

2.52%

Consumer Cyclical - Automotive

2.00%

Other Industrial

1.08%

Transportation - Services

0.68%

Consumer Cyclical - Entertainment

0.66%

Transportation - Airlines

0.51%

Consumer Cyclical - Restaurants

0.43%

Services

0.36%

SUBTOTAL

43.30%

Credit Default Swaps

12.51%

SUBTOTAL

12.51%

Financial Institutions

Banking

4.70%

Finance

1.37%

Insurance

0.66%

Other Finance

0.46%

Brokerage

0.01%

SUBTOTAL

7.20%

Utility

Electric

1.64%

SUBTOTAL

1.64%

SUBTOTAL

64.65%

Global Governments

12.19%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

5.03%

Non-Agency Fixed Rate

3.51%

Non-Agency Floating Rate

1.59%

SUBTOTAL

10.13%

Corporates - Investment Grade

Industrial

Basic

1.55%

Energy

0.85%

Communications - Media

0.60%

Capital Goods

0.50%

Communications - Telecommunications

0.27%

Other Industrial

0.21%

Transportation - Airlines

0.17%

Technology

0.15%

Consumer Non-Cyclical

0.12%

Consumer Cyclical - Other

0.02%

SUBTOTAL

4.44%

Financial Institutions

Insurance

1.53%

Banking

1.12%

REITS

0.51%

Brokerage

0.18%

SUBTOTAL

3.34%

Credit Default Swaps

0.77%

SUBTOTAL

0.77%

Utility

Electric

0.39%

Natural Gas

0.12%

SUBTOTAL

0.51%

SUBTOTAL

9.06%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.72%

Credit Default Swaps

0.91%

Non-Agency Floating Rate CMBS

0.20%

SUBTOTAL

4.83%

Emerging Markets - Sovereigns

3.76%

Interest Rate Swaps

3.56%

Bank Loans

Industrial

Consumer Cyclical - Entertainment

0.48%

Consumer Non-Cyclical

0.47%

Consumer Cyclical - Retailers

0.45%

Basic

0.39%

Other Industrial

0.37%

Consumer Cyclical - Other

0.26%

Technology

0.22%

Energy

0.17%

Capital Goods

0.12%

Communications - Media

0.10%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.10%

Utility

Electric

0.19%

SUBTOTAL

0.19%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.33%

Emerging Markets - Corporate Bonds

Industrial

Capital Goods

0.56%

Consumer Non-Cyclical

0.50%

Basic

0.40%

Consumer Cyclical - Retailers

0.33%

Transportation - Airlines

0.25%

Communications - Telecommunications

0.17%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.24%

Financial Institutions

Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.33%

Preferred Stocks

Financial Institutions

2.16%

Utility

0.03%

SUBTOTAL

2.19%

Governments - Sovereign Agencies

1.49%

Local Governments - Municipal Bonds

0.99%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.79%

Home Equity Loans - Floating Rate

0.19%

SUBTOTAL

0.98%

Whole Loan Trusts

Performing Asset

0.95%

SUBTOTAL

0.95%

Common Stocks

0.83%

Emerging Markets - Treasuries

0.77%

Interest Rate Futures

0.77%

Currency Instruments

Forward Currency Exchange Contracts

0.34%

SUBTOTAL

0.34%

Investment Companies

Funds and Investment Trusts

0.29%

SUBTOTAL

0.29%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.25%

SUBTOTAL

0.25%

Agencies

Agency Subordinated

0.15%

SUBTOTAL

0.15%

Inflation-Linked Securities

0.08%

Warrants

0.06%

Call Options Written

-0.02%

Reverse Repurchase Agreements

-9.72%

Net Cash Equivalents

Cash

2.28%

Investment Companies

1.94%

SUBTOTAL

4.22%

Derivative Offsets

Futures Offsets

-0.78%

Swaps Offsets

-17.68%

SUBTOTAL

-18.46%

100.00%

Country Breakdown

Portfolio %

United States

69.35%

Brazil

4.42%

United Kingdom

3.48%

Canada

1.98%

France

1.96%

Mexico

1.61%

Ireland

1.49%

Dominican Republic

1.37%

Luxembourg

1.19%

Netherlands

1.15%

Switzerland

1.04%

Germany

0.86%

Italy

0.79%

South Africa

0.70%

Ivory Coast

0.70%

United Arab Emirates

0.65%

Spain

0.64%

Indonesia

0.62%

El Salvador

0.59%

Bermuda

0.54%

Venezuela

0.46%

Colombia

0.44%

Croatia

0.38%

Ghana

0.30%

India

0.28%

New Zealand

0.26%

Jamaica

0.24%

Turkey

0.24%

Barbados

0.20%

Australia

0.20%

Macau

0.20%

Portugal

0.20%

Trinidad & Tobago

0.18%

Pakistan

0.14%

Lebanon

0.13%

Zambia

0.13%

Sweden

0.11%

Sri Lanka

0.10%

Denmark

0.09%

Guatemala

0.07%

Uruguay

0.07%

Peru

0.07%

Angola

0.06%

Chile

0.06%

Kenya

0.06%

Morocco

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

103.39%

Japanese Yen

3.78%

Chinese Yuan Renminbi

1.01%

Dominican Peso

0.58%

New Turkish Lira

0.52%

Hungarian Forint

0.17%

Uruguayan Peso

0.08%

Mexican Peso

0.02%

South African Rand

-0.01%

Norwegian Krone

-0.02%

Colombian Peso

-0.05%

Brazilian Real

-0.06%

Canadian Dollar

-0.51%

Singapore Dollar

-0.52%

Euro

-2.25%

Taiwan New Dollar

-3.04%

Great British Pound

-3.09%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

0.33%

AA

0.86%

A

2.43%

BBB

14.97%

BB

30.15%

B

22.98%

CCC

10.72%

CC

1.18%

C

0.11%

D

0.75%

Not Rated

9.01%

Short Term Investments

1.94%

N/A

4.57%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-0.28%

1 to 5 years

34.74%

5 to 10 years

48.01%

10 to 20 years

9.65%

20 to 30 years

5.22%

More than 30 years

1.77%

Other

0.89%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.44%

Average Bond Price :

95.50

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

28.62%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

28.62%

Average Maturity:

8.05 Years

Effective Duration:

5.09 Years

Total Net Assets:

$1,060.79 Million

Net Asset Value:

$12.30

Number of Holdings:

1169

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.



RELATED LINKS

http://www.alliancebernstein.com