AB Global High Income Fund Releases Monthly Portfolio Update

Aug 21, 2015, 16:06 ET from AB Global High Income Fund, Inc.

NEW YORK , Aug. 21, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of July 31, 2015.

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

11.54%

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

3.02%

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

2.45%

4) Wachovia Mortgage Loan Trust Series 2006-ALT1 Series 2006-ALT1, Class A2 0.367%, 1/25/37

0.95%

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

0.83%

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

0.65%

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

0.59%

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

0.59%

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

0.53%

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

0.41%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.16%

Energy

5.99%

Communications - Media

5.95%

Capital Goods

3.62%

Technology

3.60%

Basic

3.51%

Consumer Cyclical - Other

3.49%

Communications - Telecommunications

3.32%

Consumer Cyclical - Retailers

2.57%

Consumer Cyclical - Automotive

1.89%

Other Industrial

1.45%

Transportation - Services

0.87%

Services

0.70%

Consumer Cyclical - Entertainment

0.58%

Transportation - Airlines

0.44%

Consumer Cyclical - Restaurants

0.39%

SUBTOTAL

45.53%

Financial Institutions

Banking

3.94%

Finance

1.40%

Insurance

0.83%

Other Finance

0.73%

REITS

0.29%

Brokerage

0.24%

SUBTOTAL

7.43%

Credit Default Swaps

3.18%

SUBTOTAL

3.18%

Utility

Electric

1.91%

SUBTOTAL

1.91%

SUBTOTAL

58.05%

Global Governments

21.95%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

3.43%

GSE Risk Share Floating Rate

3.21%

Non-Agency Floating Rate

2.98%

SUBTOTAL

9.62%

Corporates - Investment Grade

Financial Institutions

Insurance

1.54%

Banking

1.16%

Finance

0.66%

REITS

0.47%

Brokerage

0.10%

SUBTOTAL

3.93%

Industrial

Basic

1.76%

Energy

0.73%

Communications - Media

0.41%

Communications - Telecommunications

0.27%

Other Industrial

0.20%

Transportation - Airlines

0.16%

Capital Goods

0.15%

Consumer Non-Cyclical

0.11%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.81%

Credit Default Swaps

0.70%

SUBTOTAL

0.70%

Utility

Electric

0.38%

Natural Gas

0.11%

SUBTOTAL

0.49%

SUBTOTAL

8.93%

Emerging Markets - Sovereigns

3.65%

Bank Loans

Industrial

Consumer Cyclical - Other

0.48%

Basic

0.43%

Other Industrial

0.39%

Consumer Cyclical - Retailers

0.38%

Consumer Non-Cyclical

0.27%

Consumer Cyclical - Entertainment

0.23%

Energy

0.19%

Communications - Media

0.18%

Technology

0.14%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

2.87%

Financial Institutions

Other Finance

0.13%

Insurance

0.04%

SUBTOTAL

0.17%

Utility

Electric

0.17%

SUBTOTAL

0.17%

SUBTOTAL

3.21%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.10%

SUBTOTAL

3.10%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.77%

Basic

0.61%

Capital Goods

0.49%

Consumer Cyclical - Retailers

0.33%

Transportation - Airlines

0.28%

Communications - Telecommunications

0.19%

Communications - Media

0.14%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.84%

Utility

Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions

Finance

0.10%

SUBTOTAL

0.10%

SUBTOTAL

3.09%

Preferred Stocks

Financial Institutions

1.79%

Utility

0.03%

Industrial

0.01%

SUBTOTAL

1.83%

Governments - Sovereign Agencies

1.33%

Local Governments - Municipal Bonds

0.96%

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

0.80%

SUBTOTAL

0.80%

Common Stocks

0.71%

Emerging Markets - Treasuries

0.71%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.44%

SUBTOTAL

0.44%

Currency Instruments

Forward Currency Exchange Contracts

0.35%

SUBTOTAL

0.35%

Investment Companies

Funds and Investment Trusts

0.22%

SUBTOTAL

0.22%

Agencies

Agency Subordinated

0.14%

SUBTOTAL

0.14%

Inflation-Linked Securities

0.07%

Warrants

0.01%

Interest Rate Swaps - SIFMA

-8.75%

Reverse Repurchase Agreements

-18.11%

Net Cash Equivalents

Cash

1.01%

Investment Companies

0.44%

SUBTOTAL

1.45%

Derivative Offsets

Swaps Offsets

5.29%

SUBTOTAL

5.29%

100.00%

Country Breakdown

Portfolio %

United States

70.93%

Brazil

4.57%

United Kingdom

3.24%

Canada

1.87%

Mexico

1.46%

Ireland

1.42%

Dominican Republic

1.41%

Netherlands

1.18%

France

1.16%

Luxembourg

1.08%

South Africa

0.93%

Germany

0.75%

Italy

0.71%

Switzerland

0.69%

Ivory Coast

0.60%

El Salvador

0.57%

United Arab Emirates

0.57%

Indonesia

0.54%

Colombia

0.44%

Bermuda

0.42%

Venezuela

0.38%

Australia

0.34%

Croatia

0.32%

Spain

0.31%

India

0.30%

Philippines

0.26%

Hong Kong

0.25%

New Zealand

0.22%

Jamaica

0.22%

Portugal

0.21%

Norway

0.20%

Turkey

0.20%

Kazakhstan

0.18%

Barbados

0.18%

Macau

0.17%

Trinidad & Tobago

0.15%

Bahrain

0.14%

Zambia

0.13%

Bulgaria

0.13%

Ghana

0.13%

Lebanon

0.11%

Pakistan

0.11%

Belgium

0.09%

Sri Lanka

0.09%

Sweden

0.09%

Argentina

0.08%

Guatemala

0.08%

Denmark

0.08%

Peru

0.07%

Uruguay

0.06%

Morocco

0.05%

Chile

0.05%

Kenya

0.05%

Serbia

0.03%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.02%

Japanese Yen

2.01%

Brazilian Real

1.43%

Indonesian Rupiah

0.98%

Dominican Peso

0.53%

New Turkish Lira

0.50%

Philippine Peso

0.30%

Indian Rupee

0.26%

Hungarian Forint

0.16%

Uruguayan Peso

0.07%

Great British Pound

0.03%

Mexican Peso

0.02%

South African Rand

0.01%

Colombian Peso

-0.02%

Norwegian Krone

-0.02%

Taiwan New Dollar

-0.50%

South Korean Won

-0.99%

Malaysian Ringgit

-0.99%

Euro

-1.88%

Australian Dollar

-2.92%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

-0.27%

AA

0.64%

A

2.23%

BBB

16.25%

BB

28.04%

B

25.31%

CCC

14.60%

CC

0.85%

C

0.02%

D

0.69%

Not Rated

7.12%

Short Term Investments

0.44%

N/A

4.08%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-6.10%

1 to 5 years

45.98%

5 to 10 years

43.39%

10 to 20 years

8.70%

20 to 30 years

5.43%

More than 30 years

1.88%

Other

0.72%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.17%

Average Bond Price :

99.55

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

31.54%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

31.54%

Average Maturity:

8.58 Years

Effective Duration:

4.96 Years

Total Net Assets:

$1,176.34 Million

Net Asset Value:

$13.64

Number of Holdings:

1175

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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