AB Global High Income Fund Releases Monthly Portfolio Update

22 Feb, 2016, 17:10 ET from AB Global High Income Fund, Inc.

NEW YORK, Feb. 22, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2016.

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

3.36%

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

2.31%

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

1.20%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.606%, 1/25/37

0.96%

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

0.83%

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

0.74%

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

0.63%

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

0.61%

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

0.58%

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

0.48%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.40%

Communications - Media

5.88%

Energy

4.82%

Capital Goods

3.81%

Communications - Telecommunications

3.62%

Consumer Cyclical - Other

3.54%

Technology

2.77%

Consumer Cyclical - Retailers

2.58%

Basic

2.53%

Consumer Cyclical - Automotive

1.99%

Other Industrial

1.00%

Transportation - Services

0.70%

Consumer Cyclical - Entertainment

0.67%

Transportation - Airlines

0.50%

Consumer Cyclical - Restaurants

0.32%

Services

0.32%

SUBTOTAL

42.45%

Credit Default Swaps

15.53%

SUBTOTAL

15.53%

Financial Institutions

Banking

5.20%

Finance

1.31%

Insurance

0.55%

Other Finance

0.42%

Brokerage

0.01%

SUBTOTAL

7.49%

Utility

Electric

1.65%

SUBTOTAL

1.65%

SUBTOTAL

67.12%

Global Governments

12.16%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

5.20%

Non-Agency Fixed Rate

3.49%

Non-Agency Floating Rate

1.57%

SUBTOTAL

10.26%

Corporates - Investment Grade

Industrial

Basic

1.49%

Communications - Media

0.61%

Capital Goods

0.51%

Energy

0.39%

Technology

0.35%

Communications - Telecommunications

0.27%

Other Industrial

0.21%

Transportation - Airlines

0.16%

Consumer Non-Cyclical

0.12%

Consumer Cyclical - Other

0.02%

SUBTOTAL

4.13%

Financial Institutions

Insurance

1.56%

Banking

0.97%

REITS

0.52%

Brokerage

0.18%

SUBTOTAL

3.23%

Credit Default Swaps

0.78%

SUBTOTAL

0.78%

Utility

Electric

0.39%

Natural Gas

0.12%

SUBTOTAL

0.51%

SUBTOTAL

8.65%

Interest Rate Swaps

5.57%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.58%

Credit Default Swaps

0.87%

Non-Agency Floating Rate CMBS

0.22%

SUBTOTAL

4.67%

Bank Loans

Industrial

Consumer Cyclical - Retailers

0.76%

Consumer Non-Cyclical

0.67%

Other Industrial

0.47%

Consumer Cyclical - Other

0.41%

Basic

0.38%

Consumer Cyclical - Entertainment

0.36%

Technology

0.26%

Capital Goods

0.12%

Communications - Media

0.10%

Consumer Cyclical - Automotive

0.07%

Energy

0.04%

SUBTOTAL

3.64%

Utility

Electric

0.19%

SUBTOTAL

0.19%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.87%

Emerging Markets - Sovereigns

3.56%

Emerging Markets - Corporate Bonds

Industrial

Capital Goods

0.49%

Consumer Non-Cyclical

0.49%

Basic

0.41%

Consumer Cyclical - Retailers

0.31%

Transportation - Airlines

0.24%

Communications - Telecommunications

0.23%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.20%

Financial Institutions

Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.29%

Preferred Stocks

Financial Institutions

2.12%

Utility

0.03%

SUBTOTAL

2.15%

Governments - Sovereign Agencies

1.24%

Emerging Markets - Treasuries

1.12%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.78%

Home Equity Loans - Floating Rate

0.19%

Other ABS - Fixed Rate

0.12%

SUBTOTAL

1.09%

Local Governments - Municipal Bonds

0.92%

Whole Loan Trusts

Performing Asset

0.92%

SUBTOTAL

0.92%

Interest Rate Futures

0.80%

Common Stocks

0.79%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.24%

SUBTOTAL

0.24%

Investment Companies

Funds and Investment Trusts

0.17%

SUBTOTAL

0.17%

Currency Instruments

Forward Currency Exchange Contracts

0.14%

SUBTOTAL

0.14%

Agencies

Agency Subordinated

0.10%

SUBTOTAL

0.10%

Inflation-Linked Securities

0.08%

Warrants

0.06%

Put Options Written

-0.01%

Call Options Written

-0.05%

Reverse Repurchase Agreements

-7.71%

Net Cash Equivalents

Cash

2.20%

Investment Companies

1.35%

SUBTOTAL

3.55%

Derivative Offsets

Futures Offsets

-0.79%

Swaps Offsets

-22.96%

SUBTOTAL

-23.75%

Total

100.00%

Country Breakdown

Portfolio %

United States

69.38%

Brazil

4.53%

United Kingdom

3.45%

Canada

1.92%

France

1.89%

Mexico

1.54%

Ireland

1.46%

Dominican Republic

1.37%

Luxembourg

1.29%

Netherlands

1.11%

Switzerland

1.05%

Italy

0.94%

Germany

0.88%

Ivory Coast

0.70%

South Africa

0.67%

United Arab Emirates

0.65%

Spain

0.65%

Indonesia

0.64%

El Salvador

0.51%

Bermuda

0.51%

Colombia

0.43%

Venezuela

0.41%

Croatia

0.39%

Jamaica

0.30%

Ghana

0.29%

India

0.28%

New Zealand

0.26%

Turkey

0.25%

Barbados

0.21%

Portugal

0.21%

Macau

0.20%

Australia

0.19%

Trinidad & Tobago

0.17%

Pakistan

0.14%

Lebanon

0.13%

Zambia

0.12%

Sweden

0.11%

Sri Lanka

0.10%

Denmark

0.09%

Uruguay

0.07%

Guatemala

0.07%

Peru

0.07%

Kenya

0.06%

Morocco

0.06%

Angola

0.06%

Chile

0.06%

Finland

0.05%

Serbia

0.03%

Norway

0.03%

Bahrain

0.02%

Total

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.96%

Chinese Yuan Renminbi

1.02%

Dominican Peso

0.58%

New Turkish Lira

0.52%

Hungarian Forint

0.18%

Uruguayan Peso

0.08%

Argentine Peso

0.03%

Mexican Peso

0.02%

Japanese Yen

0.01%

South African Rand

0.01%

Australian Dollar

-0.02%

Norwegian Krone

-0.02%

Brazilian Real

-0.03%

Colombian Peso

-0.06%

Great British Pound

-0.06%

Euro

-0.15%

Canadian Dollar

-0.51%

Singapore Dollar

-0.53%

Taiwan New Dollar

-3.03%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

-1.24%

AA

0.86%

A

2.44%

BBB

14.98%

BB

30.51%

B

22.20%

CCC

10.04%

CC

1.39%

C

0.11%

D

0.68%

Not Rated

8.67%

Short Term Investments

1.35%

N/A

8.01%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.46%

1 to 5 years

33.53%

5 to 10 years

46.90%

10 to 20 years

9.57%

20 to 30 years

5.38%

More than 30 years

2.32%

Other

0.84%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.60%

Average Bond Price :

94.40

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

31.45%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

31.45%

Average Maturity:

8.25 Years

Effective Duration:

5.11 Years

Total Net Assets:

$1,047.57 Million

Net Asset Value:

$12.15

Number of Holdings:

1151

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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