AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 22, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of November 30, 2016.
AB Global High Income Fund, Inc.
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) U.S. Treasury Notes 0.875%, 4/15/19 |
3.72% |
| 2) U.S. Treasury Bonds 8.125%, 5/15/21 |
2.91% |
| 3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
2.83% |
| 4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.772%, 1/25/37 |
0.80% |
| 5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.64% |
| 6) Dominican Republic International Bond 8.625%, 4/20/27 |
0.56% |
| 7) Dominican Republic International Bond 16.00%, 7/10/20 |
0.50% |
| 8) Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2014-HQ3, Class M3 5.334%, 10/25/24 |
0.47% |
| 9) U.S. Treasury Bonds 5.00%, 5/15/37 |
0.41% |
| 10) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.41% |
| Investment Type |
Portfolio % |
| Corporates - Non-Investment Grade |
|
| Industrial |
|
| Consumer Non-Cyclical |
6.39% |
| Communications - Media |
5.23% |
| Energy |
5.16% |
| Basic |
3.67% |
| Communications - Telecommunications |
3.65% |
| Consumer Cyclical - Other |
3.24% |
| Capital Goods |
3.02% |
| Technology |
2.73% |
| Consumer Cyclical - Automotive |
2.04% |
| Consumer Cyclical - Retailers |
1.71% |
| Services |
0.99% |
| Transportation - Services |
0.78% |
| Other Industrial |
0.76% |
| Consumer Cyclical - Entertainment |
0.60% |
| Consumer Cyclical - Restaurants |
0.29% |
| Transportation - Airlines |
0.11% |
| SUBTOTAL |
40.37% |
| Financial Institutions |
|
| Banking |
3.04% |
| Finance |
1.00% |
| Other Finance |
0.56% |
| Insurance |
0.36% |
| Brokerage |
0.01% |
| REITS |
0.01% |
| SUBTOTAL |
4.98% |
| Credit Default Swaps |
2.88% |
| SUBTOTAL |
2.88% |
| Utility |
|
| Electric |
1.33% |
| SUBTOTAL |
1.33% |
| SUBTOTAL |
49.56% |
| Collateralized Mortgage Obligations |
|
| Risk Share Floating Rate |
8.83% |
| Non-Agency Fixed Rate |
2.64% |
| Non-Agency Floating Rate |
1.24% |
| Agency Floating Rate |
0.06% |
| SUBTOTAL |
12.77% |
| Global Governments |
11.12% |
| Interest Rate Futures |
10.88% |
| Corporates - Investment Grade |
|
| Industrial |
|
| Basic |
1.03% |
| Energy |
0.65% |
| Technology |
0.64% |
| Capital Goods |
0.37% |
| Communications - Media |
0.32% |
| Communications - Telecommunications |
0.31% |
| Transportation - Airlines |
0.17% |
| Consumer Cyclical - Automotive |
0.16% |
| Consumer Non-Cyclical |
0.11% |
| Other Industrial |
0.03% |
| Consumer Cyclical - Other |
0.01% |
| SUBTOTAL |
3.80% |
| Financial Institutions |
|
| Insurance |
1.28% |
| Banking |
1.00% |
| REITS |
0.49% |
| Brokerage |
0.17% |
| Finance |
0.12% |
| SUBTOTAL |
3.06% |
| Credit Default Swaps |
0.95% |
| SUBTOTAL |
0.95% |
| Utility |
|
| Electric |
0.48% |
| Natural Gas |
0.11% |
| SUBTOTAL |
0.59% |
| SUBTOTAL |
8.40% |
| Total Return Swaps |
7.99% |
| Commercial Mortgage-Backed Securities |
|
| Credit Default Swaps |
4.06% |
| Non-Agency Fixed Rate CMBS |
3.33% |
| Non-Agency Floating Rate CMBS |
0.20% |
| SUBTOTAL |
7.59% |
| Emerging Markets - Sovereigns |
4.89% |
| Interest Rate Swaps |
4.81% |
| Emerging Markets - Treasuries |
4.07% |
| Bank Loans |
|
| Industrial |
|
| Technology |
0.68% |
| Consumer Non-Cyclical |
0.62% |
| Consumer Cyclical - Retailers |
0.58% |
| Consumer Cyclical - Other |
0.43% |
| Other Industrial |
0.39% |
| Capital Goods |
0.26% |
| Energy |
0.26% |
| Basic |
0.21% |
| Consumer Cyclical - Entertainment |
0.20% |
| Consumer Cyclical - Automotive |
0.08% |
| SUBTOTAL |
3.71% |
| Utility |
|
| Natural Gas |
0.11% |
| SUBTOTAL |
0.11% |
| Financial Institutions |
|
| Insurance |
0.04% |
| SUBTOTAL |
0.04% |
| SUBTOTAL |
3.86% |
| Emerging Markets - Corporate Bonds |
|
| Industrial |
|
| Communications - Telecommunications |
0.41% |
| Consumer Non-Cyclical |
0.37% |
| Capital Goods |
0.32% |
| Transportation - Airlines |
0.27% |
| Basic |
0.16% |
| Consumer Cyclical - Retailers |
0.13% |
| SUBTOTAL |
1.66% |
| Financial Institutions |
|
| Finance |
0.10% |
| SUBTOTAL |
0.10% |
| SUBTOTAL |
1.76% |
| Asset-Backed Securities |
|
| Home Equity Loans - Fixed Rate |
0.54% |
| Home Equity Loans - Floating Rate |
0.23% |
| Other ABS - Fixed Rate |
0.17% |
| Other ABS - Floating Rate |
0.15% |
| Autos - Fixed Rate |
0.07% |
| SUBTOTAL |
1.16% |
| Governments - Sovereign Agencies |
0.98% |
| Whole Loan Trusts |
|
| Performing Asset |
0.84% |
| SUBTOTAL |
0.84% |
| Common Stocks |
0.75% |
| Preferred Stocks |
|
| Financial Institutions |
0.47% |
| Utility |
0.03% |
| SUBTOTAL |
0.50% |
| Inflation-Linked Securities |
0.48% |
| Local Governments - Municipal Bonds |
0.48% |
| Local Governments - Regional Bonds |
0.39% |
| Quasi-Sovereigns |
|
| Quasi-Sovereign Bonds |
0.38% |
| SUBTOTAL |
0.38% |
| Currency Instruments |
|
| Forward Currency Exchange Contracts |
0.30% |
| SUBTOTAL |
0.30% |
| Equity Futures |
|
| Equity Index Futures |
0.25% |
| SUBTOTAL |
0.25% |
| Investment Companies |
|
| Funds and Investment Trusts |
0.17% |
| SUBTOTAL |
0.17% |
| Warrants |
0.07% |
| Options Purchased - Calls |
|
| Options on Forward Contracts |
0.01% |
| SUBTOTAL |
0.01% |
| Call Options Written |
-0.03% |
| Put Options Written |
-0.09% |
| Reverse Repurchase Agreements |
-8.39% |
| Net Cash Equivalents |
|
| Investment Companies |
4.80% |
| Cash |
0.71% |
| Bank Loans |
0.18% |
| Emerging Markets - Sovereigns |
0.02% |
| SUBTOTAL |
5.71% |
| Derivative Offsets |
|
| Futures Offsets |
-11.15% |
| Swaps Offsets |
-20.51% |
| SUBTOTAL |
-31.66% |
| Total |
100.00% |
| Country Breakdown |
Portfolio % |
| United States |
71.09% |
| Brazil |
4.60% |
| United Kingdom |
2.78% |
| Canada |
2.02% |
| France |
1.39% |
| Luxembourg |
1.31% |
| Mexico |
1.31% |
| Argentina |
1.27% |
| Dominican Republic |
1.09% |
| Ireland |
1.09% |
| Turkey |
1.00% |
| Indonesia |
0.99% |
| Colombia |
0.85% |
| Netherlands |
0.85% |
| Switzerland |
0.81% |
| Italy |
0.73% |
| Ivory Coast |
0.59% |
| United Arab Emirates |
0.55% |
| Spain |
0.52% |
| Venezuela |
0.49% |
| Germany |
0.45% |
| Croatia |
0.35% |
| Jamaica |
0.34% |
| Australia |
0.23% |
| Gabon |
0.22% |
| South Africa |
0.21% |
| Angola |
0.20% |
| Barbados |
0.20% |
| Portugal |
0.19% |
| New Zealand |
0.17% |
| Trinidad & Tobago |
0.17% |
| Mongolia |
0.16% |
| Zambia |
0.14% |
| Pakistan |
0.13% |
| India |
0.11% |
| Ghana |
0.11% |
| Cayman Islands |
0.11% |
| Cameroon |
0.10% |
| Macau |
0.10% |
| Ecuador |
0.10% |
| Sri Lanka |
0.09% |
| Guatemala |
0.08% |
| Peru |
0.07% |
| Denmark |
0.07% |
| Hong Kong |
0.06% |
| El Salvador |
0.06% |
| Kenya |
0.06% |
| Mozambique |
0.06% |
| Nigeria |
0.05% |
| Jordan |
0.05% |
| Chile |
0.05% |
| Lebanon |
0.04% |
| Finland |
0.04% |
| Ethiopia |
0.04% |
| Norway |
0.02% |
| Iraq |
0.02% |
| Serbia |
0.02% |
| Total Investments |
100.00% |
| Net Currency Exposure Breakdown |
Portfolio % |
| United States Dollar |
101.37% |
| Brazilian Real |
2.60% |
| Russian Rubles |
2.48% |
| New Turkish Lira |
1.63% |
| Indian Rupee |
1.50% |
| Colombian Peso |
1.26% |
| Indonesian Rupiah |
0.97% |
| Argentine Peso |
0.81% |
| Chilean Peso |
0.50% |
| Dominican Peso |
0.50% |
| Peruvian Sol |
0.25% |
| Hong Kong Dollar |
0.02% |
| Norwegian Krone |
0.02% |
| Great British Pound |
-0.02% |
| Swedish Krona |
-0.05% |
| Singapore Dollar |
-0.48% |
| Mexican Peso |
-0.51% |
| Japanese Yen |
-0.69% |
| South Korean Won |
-1.30% |
| Taiwan New Dollar |
-1.30% |
| Australian Dollar |
-1.45% |
| New Zealand Dollar |
-1.50% |
| Euro |
-1.81% |
| Chinese Yuan Renminbi |
-2.29% |
| Canadian Dollar |
-2.51% |
| Total Net Assets |
100.00% |
| Credit Rating |
Portfolio % |
| AAA |
10.21% |
| AA |
0.75% |
| A |
2.09% |
| BBB |
14.51% |
| BB |
28.63% |
| B |
26.09% |
| CCC |
8.70% |
| CC |
1.30% |
| C |
0.45% |
| D |
1.17% |
| Not Rated |
7.81% |
| Short Term Investments |
4.82% |
| Reverse Repurchase Agreements |
-8.39% |
| N/A |
1.86% |
| Total |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
4.86% |
| 1 to 5 years |
40.35% |
| 5 to 10 years |
38.05% |
| 10 to 20 years |
8.98% |
| 20 to 30 years |
5.34% |
| More Than 30 years |
1.61% |
| Other |
0.81% |
| Total Net Assets |
100.00% |
| Portfolio Statistics: |
|
| Average Coupon: |
7.14% |
| Average Bond Price: |
98.71 |
| Percentage of Leverage (based on gross assets): |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
27.12% |
| Preferred stock: |
0.00% |
| Tender Option Bonds: |
0.00% |
| VMTP Shares: |
0.00% |
| Total Fund Leverage: |
27.12% |
| Average Maturity: |
7.42 Years |
| Effective Duration: |
5.16 Years |
| Total Net Assets: |
$1,147.92 Million |
| Net Asset Value: |
$13.31 |
| Number of Holdings: |
1203 |
| Portfolio Turnover: |
42% |
* 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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