
AB Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, Feb. 23, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31,2018.
| AB Global High Income Fund, Inc. |
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| Top 10 Fixed-Income Holdings |
Portfolio % |
|
| 1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
4.63% |
|
| 2) U.S. Treasury Notes 0.875%, 4/15/19 |
3.44% |
|
| 3) Turkey Government Bond 11.00%, 2/24/27 |
1.02% |
|
| 4) Mexican Bonos Series M 20 10.00%, 12/05/24 |
0.90% |
|
| 5) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.88% |
|
| 6) Mexican Bonos Series M 6.50%, 6/10/21 |
0.83% |
|
| 7) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 |
0.76% |
|
| 8) Turkey Government Bond 11.10%, 5/15/19 |
0.67% |
|
| 9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.741%, 1/25/37 |
0.66% |
|
| 10) Dominican Republic International Bond 8.625%, 4/20/27 |
0.57% |
|
| Investment Type |
Portfolio % |
|
| Corporates - Non-Investment Grade |
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| Industrial |
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| Energy |
6.63% |
|
| Communications - Media |
4.61% |
|
| Basic |
3.96% |
|
| Consumer Non-Cyclical |
3.92% |
|
| Communications - Telecommunications |
2.70% |
|
| Consumer Cyclical - Other |
2.66% |
|
| Capital Goods |
1.83% |
|
| Technology |
1.67% |
|
| Services |
1.66% |
|
| Consumer Cyclical - Automotive |
1.38% |
|
| Transportation - Services |
1.13% |
|
| Consumer Cyclical - Retailers |
1.01% |
|
| Other Industrial |
0.54% |
|
| Consumer Cyclical - Entertainment |
0.34% |
|
| Consumer Cyclical - Restaurants |
0.12% |
|
| Transportation - Airlines |
0.09% |
|
| SUBTOTAL |
34.25% |
|
| Financial Institutions |
||
| Banking |
4.84% |
|
| Finance |
1.02% |
|
| Insurance |
0.60% |
|
| Other Finance |
0.45% |
|
| REITS |
0.19% |
|
| Brokerage |
0.13% |
|
| SUBTOTAL |
7.23% |
|
| Credit Default Swaps |
5.16% |
|
| SUBTOTAL |
5.16% |
|
| Utility |
||
| Electric |
1.42% |
|
| Natural Gas |
0.09% |
|
| SUBTOTAL |
1.51% |
|
| SUBTOTAL |
48.15% |
|
| Interest Rate Swaps |
26.22% |
|
| Global Governments |
12.60% |
|
| Collateralized Mortgage Obligations |
||
| Risk Share Floating Rate |
9.28% |
|
| Non-Agency Fixed Rate |
1.64% |
|
| Non-Agency Floating Rate |
1.05% |
|
| SUBTOTAL |
11.97% |
|
| Interest Rate Futures |
8.82% |
|
| Emerging Markets - Treasuries |
8.70% |
|
| Corporates - Investment Grade |
||
| Financial Institutions |
||
| Banking |
1.34% |
|
| Insurance |
1.21% |
|
| REITS |
0.39% |
|
| Brokerage |
0.08% |
|
| SUBTOTAL |
3.02% |
|
| Industrial |
||
| Basic |
0.96% |
|
| Technology |
0.52% |
|
| Energy |
0.46% |
|
| Communications - Telecommunications |
0.26% |
|
| Capital Goods |
0.25% |
|
| Communications - Media |
0.22% |
|
| Consumer Cyclical - Automotive |
0.13% |
|
| Consumer Cyclical - Other |
0.08% |
|
| Services |
0.06% |
|
| Transportation - Airlines |
0.04% |
|
| Consumer Non-Cyclical |
0.02% |
|
| SUBTOTAL |
3.00% |
|
| Credit Default Swaps |
0.89% |
|
| SUBTOTAL |
0.89% |
|
| SUBTOTAL |
6.91% |
|
| Emerging Markets - Sovereigns |
6.89% |
|
| Commercial Mortgage-Backed Securities |
||
| Credit Default Swaps |
4.10% |
|
| Non-Agency Fixed Rate CMBS |
1.93% |
|
| Non-Agency Floating Rate CMBS |
0.22% |
|
| SUBTOTAL |
6.25% |
|
| Emerging Markets - Corporate Bonds |
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| Industrial |
||
| Energy |
1.06% |
|
| Consumer Non-Cyclical |
0.86% |
|
| Basic |
0.86% |
|
| Communications - Telecommunications |
0.43% |
|
| Capital Goods |
0.27% |
|
| Consumer Cyclical - Other |
0.17% |
|
| Transportation - Services |
0.15% |
|
| Consumer Cyclical - Retailers |
0.07% |
|
| Other Industrial |
0.06% |
|
| Technology |
0.05% |
|
| Transportation - Airlines |
0.04% |
|
| SUBTOTAL |
4.02% |
|
| Financial Institutions |
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| Banking |
0.42% |
|
| Finance |
0.05% |
|
| SUBTOTAL |
0.47% |
|
| Utility |
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| Electric |
0.11% |
|
| SUBTOTAL |
0.11% |
|
| SUBTOTAL |
4.60% |
|
| Total Return Swaps |
4.44% |
|
| Bank Loans |
||
| Industrial |
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| Consumer Non-Cyclical |
0.66% |
|
| Consumer Cyclical - Other |
0.33% |
|
| Consumer Cyclical - Retailers |
0.32% |
|
| Capital Goods |
0.31% |
|
| Energy |
0.25% |
|
| Technology |
0.24% |
|
| Other Industrial |
0.12% |
|
| Communications - Telecommunications |
0.11% |
|
| Services |
0.09% |
|
| Consumer Cyclical - Entertainment |
0.08% |
|
| Basic |
0.08% |
|
| Consumer Cyclical - Automotive |
0.03% |
|
| Consumer Cyclical - Restaurants |
0.02% |
|
| SUBTOTAL |
2.64% |
|
| SUBTOTAL |
2.64% |
|
| Common Stocks |
1.62% |
|
| Asset-Backed Securities |
||
| Other ABS - Fixed Rate |
0.70% |
|
| Home Equity Loans - Fixed Rate |
0.55% |
|
| Home Equity Loans - Floating Rate |
0.10% |
|
| Autos - Fixed Rate |
0.06% |
|
| SUBTOTAL |
1.41% |
|
| Preferred Stocks |
||
| Industrial |
0.84% |
|
| Financial Institutions |
0.30% |
|
| Utility |
0.02% |
|
| SUBTOTAL |
1.16% |
|
| Inflation-Linked Securities |
0.73% |
|
| Local Governments - Regional Bonds |
0.56% |
|
| Local Governments - US Municipal Bonds |
0.45% |
|
| Quasi-Sovereigns |
||
| Quasi-Sovereign Bonds |
0.28% |
|
| SUBTOTAL |
0.28% |
|
| Whole Loan Trusts |
||
| Performing Asset |
0.22% |
|
| SUBTOTAL |
0.22% |
|
| Investment Companies |
||
| Funds and Investment Trusts |
0.19% |
|
| SUBTOTAL |
0.19% |
|
| Collateralized Loan Obligations |
||
| CLO - Floating Rate |
0.13% |
|
| SUBTOTAL |
0.13% |
|
| Warrants |
0.02% |
|
| Options Purchased - Calls |
||
| Options on Forward Contracts |
0.01% |
|
| SUBTOTAL |
0.01% |
|
| Put Options Written |
-0.10% |
|
| Currency Instruments |
||
| Forward Currency Exchange Contracts |
-0.71% |
|
| SUBTOTAL |
-0.71% |
|
| Reverse Repurchase Agreements |
-6.51% |
|
| Net Cash Equivalents |
||
| Investment Companies |
0.96% |
|
| Emerging Markets - Sovereigns |
0.59% |
|
| Cash |
0.22% |
|
| Governments - Treasuries |
0.07% |
|
| SUBTOTAL |
1.84% |
|
| Derivative Offsets |
||
| Futures Offsets |
-9.00% |
|
| Swaps Offsets |
-40.49% |
|
| SUBTOTAL |
-49.49% |
|
| Total |
100.00% |
|
| Country Breakdown |
Portfolio % |
|
| United States |
59.89% |
|
| Brazil |
6.53% |
|
| Argentina |
3.10% |
|
| Mexico |
2.73% |
|
| Turkey |
2.62% |
|
| United Kingdom |
2.62% |
|
| Canada |
1.71% |
|
| Luxembourg |
1.68% |
|
| Indonesia |
1.66% |
|
| France |
1.25% |
|
| Dominican Republic |
1.21% |
|
| Ireland |
1.13% |
|
| Italy |
1.01% |
|
| Egypt |
0.86% |
|
| Spain |
0.85% |
|
| Russia |
0.81% |
|
| Switzerland |
0.79% |
|
| Colombia |
0.78% |
|
| Netherlands |
0.66% |
|
| Sri Lanka |
0.59% |
|
| Ivory Coast |
0.53% |
|
| Ukraine |
0.47% |
|
| Malaysia |
0.47% |
|
| Zambia |
0.42% |
|
| Cayman Islands |
0.39% |
|
| Jamaica |
0.39% |
|
| South Africa |
0.35% |
|
| India |
0.34% |
|
| United Arab Emirates |
0.29% |
|
| Ecuador |
0.27% |
|
| Gabon |
0.25% |
|
| Germany |
0.23% |
|
| Mongolia |
0.19% |
|
| Venezuela |
0.18% |
|
| Norway |
0.17% |
|
| Guatemala |
0.16% |
|
| Sweden |
0.15% |
|
| Trinidad & Tobago |
0.14% |
|
| El Salvador |
0.14% |
|
| Bahrain |
0.14% |
|
| Nigeria |
0.12% |
|
| Macau |
0.12% |
|
| Senegal |
0.12% |
|
| Denmark |
0.12% |
|
| Pakistan |
0.12% |
|
| Israel |
0.12% |
|
| Uruguay |
0.12% |
|
| Cameroon |
0.11% |
|
| Honduras |
0.08% |
|
| Peru |
0.08% |
|
| Angola |
0.07% |
|
| Costa Rica |
0.07% |
|
| Australia |
0.07% |
|
| Singapore |
0.07% |
|
| Chile |
0.06% |
|
| Kenya |
0.06% |
|
| Iraq |
0.05% |
|
| Hong Kong |
0.05% |
|
| Jordan |
0.05% |
|
| Ethiopia |
0.05% |
|
| Finland |
0.05% |
|
| China |
0.04% |
|
| Jersey (Channel Islands) |
0.02% |
|
| Belarus |
0.02% |
|
| Serbia |
0.01% |
|
| Total Investments |
100.00% |
|
| Net Currency Exposure Breakdown |
Portfolio % |
|
| United States Dollar |
97.02% |
|
| Indonesian Rupiah |
1.55% |
|
| Brazilian Real |
1.10% |
|
| Chinese Yuan Renminbi |
1.05% |
|
| Indian Rupee |
1.00% |
|
| Argentine Peso |
0.94% |
|
| Russian Rubles |
0.73% |
|
| Egypt Pound |
0.66% |
|
| Euro |
0.66% |
|
| Polish Zloty |
0.52% |
|
| Malaysian Ringgit |
0.51% |
|
| Colombian Peso |
0.50% |
|
| Sri Lankan Rupee |
0.50% |
|
| Dominican Peso |
0.46% |
|
| Swedish Krona |
0.36% |
|
| New Turkish Lira |
0.32% |
|
| South Korean Won |
0.20% |
|
| South African Rand |
0.14% |
|
| Uruguayan Peso |
0.12% |
|
| Hong Kong Dollar |
0.01% |
|
| Norwegian Krone |
-0.11% |
|
| Swiss Franc |
-0.33% |
|
| New Zealand Dollar |
-0.42% |
|
| Mexican Peso |
-0.58% |
|
| Canadian Dollar |
-0.98% |
|
| Japanese Yen |
-1.82% |
|
| Taiwan New Dollar |
-2.04% |
|
| Israeli New Shekel |
-2.07% |
|
| Total Net Assets |
100.00% |
|
| Credit Rating |
Portfolio % |
|
| AAA |
7.41% |
|
| AA |
0.81% |
|
| A |
3.55% |
|
| BBB |
16.86% |
|
| BB |
32.96% |
|
| B |
26.97% |
|
| CCC |
7.05% |
|
| CC |
0.74% |
|
| C |
-0.04% |
|
| D |
0.15% |
|
| Not Rated |
5.73% |
|
| Short Term Investments |
1.61% |
|
| Reverse Repurchase Agreements |
-6.51% |
|
| N/A |
2.71% |
|
| Total |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
2.28% |
|
| 1 to 5 years |
44.80% |
|
| 5 to 10 years |
36.89% |
|
| 10 to 20 years |
9.00% |
|
| 20 to 30 years |
4.64% |
|
| More Than 30 years |
0.75% |
|
| Other |
1.64% |
|
| Total Net Assets |
100.00% |
|
| Portfolio Statistics: |
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| Average Coupon: |
7.67% |
|
| Average Bond Price: |
104.24 |
|
| Percentage of Leverage(based on gross assets): |
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| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
37.05% |
|
| Preferred stock: |
0.00% |
|
| Tender Option Bonds: |
0.00% |
|
| VMTP Shares: |
0.00% |
|
| Total Fund Leverage: |
37.05% |
|
| Average Maturity: |
6.99 Years |
|
| Effective Duration: |
5.00 Years |
|
| Total Net Assets: |
$1,206.16 Million |
|
| Net Asset Value: |
$13.99 |
|
| Number of Holdings: |
1402 |
|
| 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. |
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| 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. |
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SOURCE AB Global High Income Fund, Inc.
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