AB Global High Income Fund Releases Monthly Portfolio Update

May 22, 2015, 16:53 ET from AB Global High Income Fund, Inc.

NEW YORK, May 22, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2015.

 

AB Global High Income Fund, Inc.




Top 10 Fixed Income Holdings

Portfolio %

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

11.20%

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

1.15%

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

0.83%

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

0.64%

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

0.61%

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

0.60%

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

0.53%

8) Argentina Boden Bonds 7.00%, 10/03/15

0.52%

9) South Africa Government Bond Series R207 7.25%, 1/15/20

0.42%

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

0.41%



Investment Type

Portfolio %

Corporates - Non-Investment Grades


Industrial


Consumer Non-Cyclical

7.60%

Energy

7.08%

Communications - Media

6.28%

Capital Goods

4.49%

Technology

4.15%

Basic

3.71%

Consumer Cyclical - Other

3.50%

Communications - Telecommunications

3.25%

Consumer Cyclical - Retailers

2.63%

Other Industrial

1.73%

Consumer Cyclical - Automotive

1.58%

Services

0.97%

Transportation - Services

0.84%

Consumer Cyclical - Entertainment

0.72%

Transportation - Airlines

0.43%

Consumer Cyclical - Restaurants

0.29%

SUBTOTAL

49.25%

Financial Institutions


Banking

4.07%

Finance

1.50%

Insurance

1.02%

Other Finance

1.01%

Brokerage

0.36%

REITS

0.35%

SUBTOTAL

8.31%

Utility


Electric

2.43%

SUBTOTAL

2.43%

Credit Default Swaps

-0.82%

SUBTOTAL

59.17%

Global Governments

17.52%

Corporates - Investment Grades


Financial Institutions


Insurance

1.53%

Banking

1.15%

Finance

0.67%

REITS

0.46%

SUBTOTAL

3.81%

Industrial


Basic

1.68%

Communications - Telecommunications

0.28%

Energy

0.26%

Other Industrial

0.19%

Communications - Media

0.18%

Transportation - Airlines

0.17%

Capital Goods

0.16%

Consumer Non-Cyclical

0.13%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.07%

Credit Default Swaps

0.68%

Utility


Electric

0.20%

Natural Gas

0.11%

SUBTOTAL

0.31%

SUBTOTAL

7.87%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

3.15%

GSE Risk Share Floating Rate

2.31%

Non-Agency Floating Rate

2.11%

SUBTOTAL

7.57%

Emerging Markets - Sovereigns

4.03%

Bank Loans


Industrial


Consumer Cyclical - Automotive

0.59%

Other Industrial

0.50%

Consumer Cyclical - Retailers

0.42%

Consumer Cyclical - Other

0.41%

Consumer Non-Cyclical

0.30%

Consumer Cyclical - Entertainment

0.22%

Capital Goods

0.21%

Energy

0.20%

Communications - Media

0.18%

Technology

0.17%

Basic

0.14%

SUBTOTAL

3.34%

Financial Institutions


Other Finance

0.13%

Insurance

0.04%

SUBTOTAL

0.17%

Utility


Electric

0.17%

SUBTOTAL

0.17%

SUBTOTAL

3.68%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.70%

Basic

0.56%

Capital Goods

0.48%

Consumer Cyclical - Retailers

0.34%

Transportation - Airlines

0.27%

Communications - Telecommunications

0.19%

Communications - Media

0.14%

Consumer Cyclical - Other

0.12%

SUBTOTAL

2.80%

Utility


Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions


Finance

0.11%

SUBTOTAL

0.11%

SUBTOTAL

3.06%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

2.18%

Non-Agency Floating Rate CMBS

0.01%

SUBTOTAL

2.19%

Preferred Stocks


Financial Institutions

1.85%

Utility

0.03%

Industrial

0.02%

SUBTOTAL

1.90%

Governments - Sovereign Agencies

1.20%

Whole Loan Trusts


Performing Asset

0.98%

SUBTOTAL

0.98%

Local Governments - Municipal Bonds

0.97%

Asset-Backed Securities


Home Equity Loans - Fixed Rate

0.61%

Home Equity Loans - Floating Rate

0.18%

SUBTOTAL

0.79%

Emerging Markets - Treasuries

0.73%

Common Stocks

0.69%

Quasi-Sovereigns


Quasi-Sovereign Bonds

0.47%

SUBTOTAL

0.47%

Investment Companies


Funds and Investment Trusts

0.22%

SUBTOTAL

0.22%

Agencies


Agency Subordinated

0.14%

SUBTOTAL

0.14%

Inflation-Linked Securities

0.08%

Options Purchased - Calls


Options on Forward Contracts

0.03%

SUBTOTAL

0.03%

Options Purchased - Puts


Swaptions

0.01%

SUBTOTAL

0.01%

Warrants

0.01%

Currency Instruments


Currency Options

-0.01%

Forward Currency Exchange Contracts

-0.33%

SUBTOTAL

-0.34%

Interest Rate Swaps - SIFMA

-9.62%

Reverse Repurchase Agreements

-10.41%

Net Cash Equivalents


Investment Companies

1.16%

Foreign Currency

0.01%

Cash

-4.30%

SUBTOTAL

-3.13%

Derivative Offsets


Swaps Offsets

10.19%

SUBTOTAL

10.19%


100.00%



Country Breakdown

Portfolio %

United States

70.25%

United Kingdom

3.73%

Brazil

3.01%

Canada

2.00%

Dominican Republic

1.45%

Ireland

1.42%

Mexico

1.39%

Luxembourg

1.33%

Netherlands

1.26%

France

1.19%

South Africa

0.91%

Germany

0.75%

Indonesia

0.65%

Ivory Coast

0.61%

Switzerland

0.59%

El Salvador

0.59%

United Arab Emirates

0.56%

Australia

0.53%

Colombia

0.51%

New Zealand

0.49%

Italy

0.49%

Argentina

0.45%

Venezuela

0.44%

Bermuda

0.41%

Norway

0.35%

Peru

0.34%

Croatia

0.32%

Spain

0.32%

Hong Kong

0.31%

India

0.31%

Philippines

0.27%

Turkey

0.23%

Portugal

0.21%

Kazakhstan

0.18%

Barbados

0.18%

Macau

0.17%

Bahrain

0.15%

Trinidad & Tobago

0.15%

Zambia

0.14%

Bulgaria

0.13%

Jamaica

0.13%

Ghana

0.13%

Lebanon

0.11%

Pakistan

0.11%

Romania

0.11%

Sweden

0.09%

Denmark

0.08%

Guatemala

0.08%

Belgium

0.08%

Uruguay

0.07%

Sri Lanka

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

100.02%

Brazilian Real

1.89%

Colombian Peso

1.05%

New Turkish Lira

1.04%

Mexican Peso

1.00%

Indonesian Rupiah

1.00%

Peruvian Nuevo Sol

0.96%

South African Rand

0.78%

Dominican Peso

0.53%

Philippine Peso

0.31%

Indian Rupee

0.26%

Hungarian Forint

0.16%

Uruguayan Peso

0.08%

Euro

-0.30%

Singapore Dollar

-0.52%

New Zealand Dollar

-1.02%

Canadian Dollar

-1.06%

Australian Dollar

-3.07%

Great British Pound

-3.11%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

-1.24%

AA

0.63%

A

2.14%

BBB

13.11%

BB

28.14%

B

30.24%

CCC

15.52%

CC

0.85%

C

0.02%

D

0.69%

Not Rated

4.99%

Short Term Investments

1.16%

N/A

3.75%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

-2.00%

1 to 5 years

49.28%

5 to 10 years

37.26%

10 to 20 years

7.67%

20 to 30 years

5.87%

More than 30 years

1.21%

Other

0.71%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

6.93%

Average Bond Price :

100.93

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

18.26%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

18.26%

Average Maturity:

7.47 Years

Effective Duration:

4.78 Years

Total Net Assets:

$1,213.59 Million

Net Asset Value:

$14.07

Number of Holdings:

1165

Portfolio Turnover:

36%



* 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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