AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 23, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2016.
AB Global High Income Fund, Inc.
| Top 10 Fixed-Income Holdings |
Portfolio % |
|
| 1) U.S. Treasury Notes 0.875%, 4/15/19 |
3.67% |
|
| 2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
2.97% |
|
| 3) U.S. Treasury Bonds 8.125%, 5/15/21 |
2.85% |
|
| 4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 |
1.03% |
|
| 5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.936%, 1/25/37 |
0.78% |
|
| 6) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.63% |
|
| 7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.55% |
|
| 8) Dominican Republic International Bond 16.00%, 7/10/20 |
0.50% |
|
| 9) Russian Federal Bond - OFZ Series 6217 7.50%, 8/18/21 |
0.49% |
|
| 10) Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series |
0.47% |
|
| Investment Type |
Portfolio % |
|
| Corporates - Non-Investment Grade |
||
| Industrial |
||
| Consumer Non-Cyclical |
6.16% |
|
| Energy |
5.30% |
|
| Communications - Media |
5.12% |
|
| Communications - Telecommunications |
3.64% |
|
| Basic |
3.44% |
|
| Consumer Cyclical - Other |
3.16% |
|
| Capital Goods |
3.01% |
|
| Technology |
2.44% |
|
| Consumer Cyclical - Automotive |
2.03% |
|
| Consumer Cyclical - Retailers |
1.67% |
|
| Services |
1.05% |
|
| Transportation - Services |
0.80% |
|
| Other Industrial |
0.69% |
|
| Consumer Cyclical - Entertainment |
0.50% |
|
| Consumer Cyclical - Restaurants |
0.29% |
|
| Transportation - Airlines |
0.11% |
|
| SUBTOTAL |
39.41% |
|
| Financial Institutions |
||
| Banking |
3.05% |
|
| Finance |
1.03% |
|
| Other Finance |
0.58% |
|
| Insurance |
0.35% |
|
| REITS |
0.04% |
|
| Brokerage |
0.01% |
|
| SUBTOTAL |
5.06% |
|
| Utility |
||
| Electric |
1.31% |
|
| SUBTOTAL |
1.31% |
|
| Credit Default Swaps |
-1.67% |
|
| SUBTOTAL |
-1.67% |
|
| SUBTOTAL |
44.11% |
|
| Interest Rate Futures |
15.03% |
|
| Global Governments |
13.15% |
|
| Collateralized Mortgage Obligations |
||
| Risk Share Floating Rate |
9.06% |
|
| Non-Agency Fixed Rate |
2.57% |
|
| Non-Agency Floating Rate |
1.20% |
|
| Agency Floating Rate |
0.06% |
|
| SUBTOTAL |
12.89% |
|
| Corporates - Investment Grade |
||
| Industrial |
||
| Basic |
1.21% |
|
| Energy |
0.76% |
|
| Technology |
0.65% |
|
| Capital Goods |
0.41% |
|
| Communications - Telecommunications |
0.30% |
|
| Consumer Non-Cyclical |
0.29% |
|
| Communications - Media |
0.26% |
|
| Transportation - Airlines |
0.16% |
|
| Consumer Cyclical - Automotive |
0.15% |
|
| Other Industrial |
0.03% |
|
| Consumer Cyclical - Other |
0.01% |
|
| SUBTOTAL |
4.23% |
|
| Financial Institutions |
||
| Insurance |
1.23% |
|
| Banking |
0.99% |
|
| REITS |
0.48% |
|
| Brokerage |
0.17% |
|
| Finance |
0.12% |
|
| SUBTOTAL |
2.99% |
|
| Credit Default Swaps |
0.93% |
|
| SUBTOTAL |
0.93% |
|
| Utility |
||
| Electric |
0.47% |
|
| Natural Gas |
0.11% |
|
| SUBTOTAL |
0.58% |
|
| SUBTOTAL |
8.73% |
|
| Commercial Mortgage-Backed Securities |
||
| Credit Default Swaps |
4.06% |
|
| Non-Agency Fixed Rate CMBS |
3.29% |
|
| Non-Agency Floating Rate CMBS |
0.20% |
|
| SUBTOTAL |
7.55% |
|
| Total Return Swaps |
6.45% |
|
| Interest Rate Swaps |
6.37% |
|
| Emerging Markets - Sovereigns |
4.94% |
|
| Bank Loans |
||
| Industrial |
||
| Technology |
0.85% |
|
| Consumer Non-Cyclical |
0.62% |
|
| Consumer Cyclical - Retailers |
0.57% |
|
| Other Industrial |
0.44% |
|
| Consumer Cyclical - Other |
0.43% |
|
| Energy |
0.37% |
|
| Capital Goods |
0.23% |
|
| Consumer Cyclical - Entertainment |
0.19% |
|
| Basic |
0.15% |
|
| Consumer Cyclical - Automotive |
0.08% |
|
| SUBTOTAL |
3.93% |
|
| Utility |
||
| Electric |
0.17% |
|
| SUBTOTAL |
0.17% |
|
| Financial Institutions |
||
| Insurance |
0.04% |
|
| SUBTOTAL |
0.04% |
|
| SUBTOTAL |
4.14% |
|
| Emerging Markets - Treasuries |
3.88% |
|
| Emerging Markets - Corporate Bonds |
||
| Industrial |
||
| Communications - Telecommunications |
0.42% |
|
| Consumer Non-Cyclical |
0.39% |
|
| Capital Goods |
0.33% |
|
| Transportation - Airlines |
0.27% |
|
| Basic |
0.19% |
|
| Consumer Cyclical - Retailers |
0.02% |
|
| SUBTOTAL |
1.62% |
|
| Financial Institutions |
||
| Finance |
0.11% |
|
| SUBTOTAL |
0.11% |
|
| SUBTOTAL |
1.73% |
|
| Asset-Backed Securities |
||
| Home Equity Loans - Fixed Rate |
0.56% |
|
| Home Equity Loans - Floating Rate |
0.22% |
|
| Other ABS - Fixed Rate |
0.17% |
|
| Other ABS - Floating Rate |
0.15% |
|
| Autos - Fixed Rate |
0.06% |
|
| SUBTOTAL |
1.16% |
|
| Governments - Sovereign Agencies |
1.12% |
|
| Preferred Stocks |
||
| Industrial |
0.58% |
|
| Financial Institutions |
0.47% |
|
| Utility |
0.03% |
|
| SUBTOTAL |
1.08% |
|
| Whole Loan Trusts |
||
| Performing Asset |
0.76% |
|
| SUBTOTAL |
0.76% |
|
| Common Stocks |
0.60% |
|
| Inflation-Linked Securities |
0.50% |
|
| Currency Instruments |
||
| Forward Currency Exchange Contracts |
0.47% |
|
| SUBTOTAL |
0.47% |
|
| Local Governments - Municipal Bonds |
0.47% |
|
| Quasi-Sovereigns |
||
| Quasi-Sovereign Bonds |
0.43% |
|
| SUBTOTAL |
0.43% |
|
| Local Governments - Regional Bonds |
0.40% |
|
| Equity Futures |
||
| Equity Index Futures |
0.26% |
|
| SUBTOTAL |
0.26% |
|
| Investment Companies |
||
| Funds and Investment Trusts |
0.16% |
|
| SUBTOTAL |
0.16% |
|
| Warrants |
0.07% |
|
| Options Purchased - Calls |
||
| Options on Forward Contracts |
0.04% |
|
| SUBTOTAL |
0.04% |
|
| Options Purchased - Puts |
||
| Options on Equities |
0.03% |
|
| SUBTOTAL |
0.03% |
|
| Call Options Written |
-0.01% |
|
| Swaptions |
-0.02% |
|
| Put Options Written |
-0.09% |
|
| Reverse Repurchase Agreements |
-8.22% |
|
| Net Cash Equivalents |
||
| Investment Companies |
2.39% |
|
| Cash |
0.68% |
|
| Foreign Currency |
-0.01% |
|
| SUBTOTAL |
3.06% |
|
| Derivative Offsets |
||
| Futures Offsets |
-15.30% |
|
| Swaps Offsets |
-15.94% |
|
| SUBTOTAL |
-31.24% |
|
| Total |
100.00% |
|
| Country Breakdown |
Portfolio % |
|
| United States |
68.69% |
|
| Brazil |
4.94% |
|
| United Kingdom |
2.74% |
|
| Canada |
2.43% |
|
| France |
1.39% |
|
| Argentina |
1.34% |
|
| Luxembourg |
1.32% |
|
| Mexico |
1.23% |
|
| Indonesia |
1.19% |
|
| South Africa |
1.17% |
|
| Dominican Republic |
1.09% |
|
| Ireland |
1.08% |
|
| Colombia |
0.87% |
|
| Switzerland |
0.81% |
|
| Netherlands |
0.81% |
|
| Italy |
0.73% |
|
| Russia |
0.73% |
|
| Turkey |
0.64% |
|
| Ivory Coast |
0.59% |
|
| United Arab Emirates |
0.54% |
|
| Spain |
0.52% |
|
| Venezuela |
0.51% |
|
| Germany |
0.45% |
|
| Jamaica |
0.36% |
|
| Croatia |
0.35% |
|
| Gabon |
0.23% |
|
| Angola |
0.21% |
|
| Barbados |
0.20% |
|
| Portugal |
0.18% |
|
| New Zealand |
0.17% |
|
| Hong Kong |
0.17% |
|
| Trinidad & Tobago |
0.17% |
|
| Mongolia |
0.17% |
|
| Ecuador |
0.16% |
|
| Macau |
0.16% |
|
| Australia |
0.16% |
|
| Zambia |
0.14% |
|
| Pakistan |
0.13% |
|
| Ghana |
0.12% |
|
| India |
0.11% |
|
| Cayman Islands |
0.11% |
|
| Cameroon |
0.11% |
|
| Sri Lanka |
0.09% |
|
| Guatemala |
0.08% |
|
| Peru |
0.08% |
|
| Denmark |
0.07% |
|
| El Salvador |
0.06% |
|
| Kenya |
0.06% |
|
| Nigeria |
0.05% |
|
| Jordan |
0.05% |
|
| Lebanon |
0.05% |
|
| Chile |
0.05% |
|
| Finland |
0.04% |
|
| Ethiopia |
0.04% |
|
| Iraq |
0.02% |
|
| Norway |
0.02% |
|
| Serbia |
0.02% |
|
| Total Investments |
100.00% |
|
| Net Currency Exposure Breakdown |
Portfolio % |
|
| United States Dollar |
98.43% |
|
| Brazilian Real |
2.74% |
|
| Russian Rubles |
2.57% |
|
| Colombian Peso |
1.72% |
|
| Indonesian Rupiah |
1.45% |
|
| South African Rand |
1.32% |
|
| Argentine Peso |
0.89% |
|
| Dominican Peso |
0.50% |
|
| Chilean Peso |
0.49% |
|
| Canadian Dollar |
0.34% |
|
| Peruvian Sol |
0.25% |
|
| Hong Kong Dollar |
0.03% |
|
| Norwegian Krone |
0.01% |
|
| New Turkish Lira |
0.01% |
|
| Great British Pound |
-0.01% |
|
| Japanese Yen |
-0.01% |
|
| Mexican Peso |
-0.05% |
|
| Swedish Krona |
-0.05% |
|
| Singapore Dollar |
-0.47% |
|
| Australian Dollar |
-0.96% |
|
| Chinese Yuan Renminbi (Offshore) |
-0.99% |
|
| Swiss Franc |
-1.00% |
|
| Euro |
-1.33% |
|
| New Zealand Dollar |
-1.45% |
|
| Taiwan New Dollar |
-1.73% |
|
| Chinese Yuan Renminbi |
-2.70% |
|
| Total Net Assets |
100.00% |
|
| Credit Rating |
Portfolio % |
|
| AAA |
9.96% |
|
| AA |
0.71% |
|
| A |
2.00% |
|
| BBB |
16.22% |
|
| BB |
28.83% |
|
| B |
26.99% |
|
| CCC |
7.67% |
|
| CC |
1.56% |
|
| C |
0.37% |
|
| D |
1.17% |
|
| Not Rated |
7.84% |
|
| Short Term Investments |
2.39% |
|
| Reverse Repurchase Agreements |
-8.22% |
|
| N/A |
2.51% |
|
| Total |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
3.81% |
|
| 1 to 5 years |
40.60% |
|
| 5 to 10 years |
38.77% |
|
| 10 to 20 years |
9.28% |
|
| 20 to 30 years |
5.23% |
|
| More Than 30 years |
1.65% |
|
| Other |
0.66% |
|
| Total Net Assets |
100.00% |
|
| Portfolio Statistics: |
||
| Average Coupon: |
7.60% |
|
| Average Bond Price: |
99.51 |
|
| Percentage of Leverage(based on gross assets): |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
34.50% |
|
| Preferred stock: |
0.00% |
|
| Tender Option Bonds: |
0.00% |
|
| VMTP Shares: |
0.00% |
|
| Total Fund Leverage: |
34.50% |
|
| Average Maturity: |
8.00 Years |
|
| Effective Duration: |
5.75 Years |
|
| Total Net Assets: |
$1,161.97 Million |
|
| Net Asset Value: |
$13.47 |
|
| Number of Holdings: |
1293 |
|
| 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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