AB Global High Income Fund Releases Monthly Portfolio Update

Jul 27, 2015, 16:06 ET from AB Global High Income Fund, Inc.

NEW YORK, July 27, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2015. 

AB Global High Income Fund, Inc. 

Top 10 Fixed Income Holdings

Portfolio %

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

11.39%

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

1.64%

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

0.84%

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

0.63%

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

0.60%

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

0.59%

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

0.54%

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

0.54%

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

0.41%

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

0.40%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.83%

Energy

6.58%

Communications - Media

6.15%

Capital Goods

3.86%

Basic

3.75%

Technology

3.67%

Consumer Cyclical - Other

3.54%

Communications - Telecommunications

3.10%

Consumer Cyclical - Retailers

2.69%

Consumer Cyclical - Automotive

1.92%

Other Industrial

1.55%

Transportation - Services

0.95%

Services

0.70%

Consumer Cyclical - Entertainment

0.58%

Transportation - Airlines

0.44%

Consumer Cyclical - Restaurants

0.39%

SUBTOTAL

47.70%

Financial Institutions

Banking

3.90%

Finance

1.43%

Insurance

0.82%

Other Finance

0.74%

Brokerage

0.36%

REITS

0.25%

SUBTOTAL

7.50%

Utility

Electric

1.80%

SUBTOTAL

1.80%

Credit Default Swaps

-0.13%

SUBTOTAL

-0.13%

SUBTOTAL

56.87%

Global Governments

17.98%

Corporates - Investment Grade

Financial Institutions

Insurance

1.55%

Banking

1.14%

Finance

0.68%

REITS

0.46%

SUBTOTAL

3.83%

Industrial

Basic

1.65%

Energy

0.50%

Communications - Telecommunications

0.27%

Other Industrial

0.19%

Communications - Media

0.18%

Transportation - Airlines

0.17%

Capital Goods

0.15%

Consumer Non-Cyclical

0.15%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.28%

Credit Default Swaps

0.69%

SUBTOTAL

0.69%

Utility

Electric

0.38%

Natural Gas

0.11%

SUBTOTAL

0.49%

SUBTOTAL

8.29%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

3.35%

GSE Risk Share Floating Rate

2.35%

Non-Agency Floating Rate

2.21%

SUBTOTAL

7.91%

Emerging Markets - Sovereigns

4.02%

Bank Loans

Industrial

Other Industrial

0.49%

Consumer Cyclical - Other

0.47%

Consumer Cyclical - Retailers

0.36%

Consumer Non-Cyclical

0.31%

Consumer Cyclical - Entertainment

0.23%

Consumer Cyclical - Automotive

0.20%

Energy

0.19%

Communications - Media

0.18%

Basic

0.14%

Technology

0.14%

Capital Goods

0.10%

SUBTOTAL

2.81%

Financial Institutions

Other Finance

0.13%

Insurance

0.04%

SUBTOTAL

0.17%

Utility

Electric

0.17%

SUBTOTAL

0.17%

SUBTOTAL

3.15%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.77%

Basic

0.57%

Capital Goods

0.49%

Consumer Cyclical - Retailers

0.34%

Transportation - Airlines

0.28%

Communications - Telecommunications

0.19%

Communications - Media

0.14%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.81%

Utility

Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions

Finance

0.10%

SUBTOTAL

0.10%

SUBTOTAL

3.06%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.40%

SUBTOTAL

2.40%

Preferred Stocks

Financial Institutions

1.75%

Utility

0.03%

Industrial

0.01%

SUBTOTAL

1.79%

Governments - Sovereign Agencies

1.11%

Local Governments - Municipal Bonds

0.94%

Whole Loan Trusts

Performing Asset

0.81%

SUBTOTAL

0.81%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.60%

Home Equity Loans - Floating Rate

0.18%

SUBTOTAL

0.78%

Emerging Markets - Treasuries

0.73%

Common Stocks

0.72%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.45%

SUBTOTAL

0.45%

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 - Puts

Swaptions

0.01%

SUBTOTAL

0.01%

Warrants

0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.10%

SUBTOTAL

-0.10%

Interest Rate Swaps - SIFMA

-9.62%

Reverse Repurchase Agreements

-15.56%

Net Cash Equivalents

Investment Companies

2.46%

Cash

1.62%

Bank Loans

0.13%

SUBTOTAL

4.21%

Derivative Offsets

Swaps Offsets

9.60%

SUBTOTAL

9.60%

100.00%

Country Breakdown

Portfolio %

United States

70.36%

Brazil

3.72%

United Kingdom

3.64%

Canada

1.98%

Dominican Republic

1.48%

Ireland

1.45%

Mexico

1.25%

France

1.21%

Netherlands

1.21%

Luxembourg

1.19%

South Africa

0.92%

Germany

0.76%

Ivory Coast

0.62%

Italy

0.62%

Switzerland

0.59%

El Salvador

0.58%

United Arab Emirates

0.58%

Indonesia

0.56%

Colombia

0.48%

Argentina

0.47%

Bermuda

0.43%

Venezuela

0.39%

Peru

0.35%

Australia

0.33%

New Zealand

0.33%

Spain

0.32%

India

0.32%

Croatia

0.32%

Hong Kong

0.31%

Philippines

0.27%

Portugal

0.22%

Norway

0.22%

Turkey

0.21%

Barbados

0.19%

Kazakhstan

0.19%

Macau

0.17%

Trinidad & Tobago

0.16%

Bahrain

0.15%

Zambia

0.14%

Jamaica

0.13%

Bulgaria

0.13%

Ghana

0.13%

Pakistan

0.12%

Lebanon

0.11%

Sweden

0.09%

Belgium

0.09%

Sri Lanka

0.09%

Denmark

0.09%

Guatemala

0.08%

Uruguay

0.07%

Morocco

0.05%

Kenya

0.05%

Chile

0.05%

Serbia

0.03%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.64%

Brazilian Real

1.95%

Indonesian Rupiah

0.99%

Peruvian Nuevo Sol

0.97%

Dominican Peso

0.54%

Philippine Peso

0.30%

Indian Rupee

0.26%

Hungarian Forint

0.16%

Uruguayan Peso

0.08%

Euro

0.03%

Mexican Peso

0.02%

South African Rand

-0.01%

Norwegian Krone

-0.02%

Colombian Peso

-0.03%

Great British Pound

-0.03%

Taiwan New Dollar

-0.51%

New Turkish Lira

-0.88%

New Zealand Dollar

-0.92%

Canadian Dollar

-1.49%

Australian Dollar

-3.05%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

-0.73%

AA

0.63%

A

2.22%

BBB

14.52%

BB

28.13%

B

26.75%

CCC

14.57%

CC

0.83%

C

0.07%

D

0.79%

Not Rated

5.62%

Short Term Investments

2.59%

N/A

4.01%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-1.46%

1 to 5 years

46.00%

5 to 10 years

38.91%

10 to 20 years

8.29%

20 to 30 years

5.66%

More than 30 years

1.87%

Other

0.73%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

6.77%

Average Bond Price :

99.17

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

40.17%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

40.17%

Average Maturity:

8.14 Years

Effective Duration:

4.74 Years

Total Net Assets:

$1,186.37 Million

Net Asset Value:

$13.76

Number of Holdings:

1184

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.