AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 23, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2015.
AB Global High Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) U.S. Treasury Notes 1.625%, 8/31/19 |
5.77% |
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2) U.S. Treasury Notes 1.50%, 10/31/19 |
5.74% |
|
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 |
1.30% |
|
4) Dominican Republic International Bond 8.625%, 4/20/27 |
0.82% |
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5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.67% |
|
6) El Salvador Government International Bond 7.65%, 6/15/35 |
0.63% |
|
7) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.59% |
|
8) Dominican Republic International Bond 16.00%, 7/10/20 |
0.53% |
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9) Argentina Boden Bonds 7.00%, 10/03/15 |
0.52% |
|
10) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.44% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grades |
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Industrial |
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Energy |
7.04% |
|
Consumer Non-Cyclical |
6.51% |
|
Communications - Media |
6.32% |
|
Capital Goods |
4.76% |
|
Technology |
4.62% |
|
Basic |
4.16% |
|
Communications - Telecommunications |
3.53% |
|
Consumer Cyclical - Other |
3.23% |
|
Consumer Cyclical - Retailers |
2.08% |
|
Other Industrial |
1.81% |
|
Consumer Cyclical - Automotive |
1.50% |
|
Services |
1.08% |
|
Transportation - Services |
0.90% |
|
Consumer Cyclical - Entertainment |
0.65% |
|
Transportation - Airlines |
0.43% |
|
Consumer Cyclical - Restaurants |
0.37% |
|
SUBTOTAL |
48.99% |
|
Financial Institutions |
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Banking |
3.49% |
|
Finance |
1.44% |
|
Insurance |
1.05% |
|
Other Finance |
0.99% |
|
Brokerage |
0.36% |
|
REITS |
0.15% |
|
SUBTOTAL |
7.48% |
|
Utility |
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Electric |
2.44% |
|
SUBTOTAL |
2.44% |
|
Non Corporate Sectors |
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Agencies - Not Government Guaranteed |
0.13% |
|
SUBTOTAL |
0.13% |
|
Credit Default Swaps |
-0.38% |
|
SUBTOTAL |
58.66% |
|
Global Governments |
17.88% |
|
Corporates - Investment Grades |
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Financial Institutions |
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Insurance |
1.53% |
|
Banking |
1.35% |
|
Finance |
0.66% |
|
REITS |
0.47% |
|
SUBTOTAL |
4.01% |
|
Industrial |
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Basic |
1.79% |
|
Energy |
0.40% |
|
Communications - Telecommunications |
0.27% |
|
Other Industrial |
0.19% |
|
Capital Goods |
0.17% |
|
Transportation - Airlines |
0.17% |
|
Communications - Media |
0.15% |
|
Consumer Non-Cyclical |
0.13% |
|
Consumer Cyclical - Automotive |
0.04% |
|
Consumer Cyclical - Other |
0.02% |
|
SUBTOTAL |
3.33% |
|
Credit Default Swaps |
0.68% |
|
Non Corporate Sectors |
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Agencies - Not Government Guaranteed |
0.20% |
|
SUBTOTAL |
0.20% |
|
Utility |
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Natural Gas |
0.11% |
|
SUBTOTAL |
0.11% |
|
SUBTOTAL |
8.33% |
|
Collateralized Mortgage Obligations |
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Non-Agency Fixed Rate |
3.33% |
|
Non-Agency Floating Rate |
2.10% |
|
GSE Risk Share Floating Rate |
1.53% |
|
SUBTOTAL |
6.96% |
|
Bank Loans |
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Industrial |
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Consumer Cyclical - Automotive |
0.61% |
|
Other Industrial |
0.60% |
|
Consumer Non-Cyclical |
0.59% |
|
Consumer Cyclical - Other |
0.41% |
|
Consumer Cyclical - Retailers |
0.31% |
|
Basic |
0.30% |
|
Consumer Cyclical - Entertainment |
0.23% |
|
Capital Goods |
0.21% |
|
Energy |
0.20% |
|
Communications - Media |
0.18% |
|
Technology |
0.17% |
|
SUBTOTAL |
3.81% |
|
Financial Institutions |
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Other Finance |
0.13% |
|
Insurance |
0.04% |
|
SUBTOTAL |
0.17% |
|
Utility |
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Electric |
0.17% |
|
SUBTOTAL |
0.17% |
|
Non Corporate Sectors |
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Foreign Local Government - Municipal |
0.13% |
|
SUBTOTAL |
0.13% |
|
SUBTOTAL |
4.28% |
|
Emerging Markets - Sovereigns |
3.79% |
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Emerging Markets - Corporate Bonds |
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Industrial |
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Consumer Non-Cyclical |
0.82% |
|
Basic |
0.64% |
|
Capital Goods |
0.57% |
|
Transportation - Airlines |
0.27% |
|
Consumer Cyclical - Retailers |
0.26% |
|
Consumer Cyclical - Other |
0.18% |
|
Communications - Media |
0.14% |
|
Communications - Telecommunications |
0.14% |
|
SUBTOTAL |
3.02% |
|
Utility |
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Electric |
0.14% |
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SUBTOTAL |
0.14% |
|
Non Corporate Sectors |
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Agencies - Not Government Guaranteed |
0.12% |
|
SUBTOTAL |
0.12% |
|
Financial Institutions |
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Finance |
0.09% |
|
SUBTOTAL |
0.09% |
|
SUBTOTAL |
3.37% |
|
Preferred Stocks |
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Financial Institutions |
2.64% |
|
Industrial |
0.04% |
|
Utility |
0.03% |
|
SUBTOTAL |
2.71% |
|
Commercial Mortgage-Backed Securities |
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Non-Agency Fixed Rate CMBS |
2.23% |
|
SUBTOTAL |
2.23% |
|
Local Governments - Municipal Bonds |
1.00% |
|
Whole Loan Trusts |
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Performing Asset |
0.89% |
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SUBTOTAL |
0.89% |
|
Asset-Backed Securities |
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Home Equity Loans - Fixed Rate |
0.60% |
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Home Equity Loans - Floating Rate |
0.18% |
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Other ABS - Fixed Rate |
0.08% |
|
SUBTOTAL |
0.86% |
|
Governments - Sovereign Agencies |
0.86% |
|
Emerging Markets - Treasuries |
0.85% |
|
Total Return Swaps |
0.84% |
|
Common Stocks |
0.70% |
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Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.57% |
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SUBTOTAL |
0.57% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
0.32% |
|
SUBTOTAL |
0.32% |
|
Local Governments - Regional Bonds |
0.32% |
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Investment Companies |
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Funds and Investment Trusts |
0.18% |
|
SUBTOTAL |
0.18% |
|
Inflation-Linked Securities |
0.06% |
|
Interest Rate Swaps - SIFMA |
-13.67% |
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Reverse Repurchase Agreements |
-18.53% |
|
Net Cash Equivalents |
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Investment Companies |
2.05% |
|
Cash |
1.88% |
|
Repurchase Agreements |
-0.19% |
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SUBTOTAL |
3.74% |
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Derivative Offsets |
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Swaps Offsets |
12.80% |
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SUBTOTAL |
12.80% |
|
100.00% |
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Country Breakdown |
Portfolio % |
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United States |
70.54% |
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United Kingdom |
3.33% |
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Brazil |
3.24% |
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Canada |
1.88% |
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Ireland |
1.49% |
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Luxembourg |
1.46% |
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Dominican Republic |
1.44% |
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Mexico |
1.35% |
|
Netherlands |
1.23% |
|
France |
1.23% |
|
Switzerland |
0.83% |
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South Africa |
0.82% |
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Germany |
0.74% |
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Indonesia |
0.72% |
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El Salvador |
0.59% |
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United Arab Emirates |
0.54% |
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Ivory Coast |
0.51% |
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Australia |
0.49% |
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Colombia |
0.49% |
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Italy |
0.47% |
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Argentina |
0.45% |
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Bermuda |
0.40% |
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Norway |
0.35% |
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Kazakhstan |
0.34% |
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Peru |
0.33% |
|
Venezuela |
0.33% |
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Croatia |
0.31% |
|
Spain |
0.30% |
|
India |
0.29% |
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Hong Kong |
0.29% |
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Philippines |
0.27% |
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Portugal |
0.21% |
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Turkey |
0.21% |
|
Barbados |
0.17% |
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Singapore |
0.17% |
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Bahrain |
0.15% |
|
Zambia |
0.14% |
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Bulgaria |
0.12% |
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Macau |
0.12% |
|
Japan |
0.12% |
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Ghana |
0.12% |
|
Pakistan |
0.11% |
|
Romania |
0.11% |
|
Lebanon |
0.11% |
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Trinidad & Tobago |
0.09% |
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Jamaica |
0.09% |
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Mongolia |
0.09% |
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China |
0.09% |
|
Sweden |
0.09% |
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Costa Rica |
0.09% |
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Denmark |
0.08% |
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Belgium |
0.08% |
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Guatemala |
0.07% |
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Sri Lanka |
0.06% |
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Uruguay |
0.06% |
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Chile |
0.05% |
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Morocco |
0.05% |
|
Kenya |
0.05% |
|
Serbia |
0.03% |
|
Virgin Islands (BVI) |
0.02% |
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Total Investments |
100.00% |
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Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
96.74% |
|
Brazilian Real |
1.88% |
|
Indonesian Rupiah |
1.02% |
|
Peruvian Nuevo Sol |
0.99% |
|
Mexican Peso |
0.97% |
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South African Rand |
0.82% |
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New Turkish Lira |
0.74% |
|
Dominican Peso |
0.53% |
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Colombian Peso |
0.46% |
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Philippine Peso |
0.31% |
|
Indian Rupee |
0.26% |
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Hungarian Forint |
0.16% |
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Costa Rican Colon |
0.10% |
|
Uruguayan Peso |
0.06% |
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Swiss Franc |
0.04% |
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Great British Pound |
-0.61% |
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Euro |
-0.91% |
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Japanese Yen |
-1.57% |
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Australian Dollar |
-1.99% |
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Total Net Assets |
100.00% |
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Credit Rating |
Portfolio % |
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AAA |
-3.43% |
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AA |
0.64% |
|
A |
2.16% |
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BBB |
13.88% |
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BB |
27.25% |
|
B |
30.71% |
|
CCC |
15.55% |
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CC |
0.76% |
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C |
0.02% |
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D |
0.73% |
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Not Rated |
4.09% |
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Short Term Investments |
1.86% |
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N/A |
5.78% |
|
100.00% |
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Bonds By Maturity |
Portfolio % |
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Less than 1 year |
-3.33% |
|
1 to 5 years |
49.66% |
|
5 to 10 years |
38.12% |
|
10 to 20 years |
7.58% |
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20 to 30 years |
5.90% |
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More than 30 years |
1.37% |
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Other |
0.70% |
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Total Net Assets |
100.00% |
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Portfolio Statistics: |
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Average Coupon: |
7.06% |
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Average Bond Price : |
100.28 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
26.37%* |
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Preferred Stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
26.37% |
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Average Maturity: |
7.62 Years |
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Effective Duration: |
4.79 Years |
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Total Net Assets: |
$1,211.89 Million |
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Net Asset Value: |
$14.05 |
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Number of Holdings: |
1141 |
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Portfolio Turnover: |
36% |
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* Investment Operations may include the use of certain portfolio |
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management techniques such as credit default swaps, dollar rolls, |
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negative cash, reverse repurchase agreements and when-issued |
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securities. |
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The foregoing portfolio characteristics are as of the date indicated |
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and can be expected to change. The Fund is a closed-end U.S.- |
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registered management investment company advised by AllianceBernstein |
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L. P. |
SOURCE AB Global High Income Fund, Inc.
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