AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, March 27, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2015.
AB Global High Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 1.25%, 1/31/20 |
11.07% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 |
1.22% |
3) Dominican Republic International Bond 8.625%, 4/20/27 |
0.83% |
4) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.64% |
5) El Salvador Government International Bond 7.65%, 6/15/35 |
0.61% |
6) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.59% |
7) Argentina Boden Bonds 7.00%, 10/03/15 |
0.52% |
8) Dominican Republic International Bond 16.00%, 7/10/20 |
0.52% |
9) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.43% |
10) Exide Technologies 9.00%, 3/31/15 |
0.42% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grades |
|
Industrial |
|
Consumer Non-Cyclical |
6.83% |
Energy |
6.83% |
Communications - Media |
6.02% |
Capital Goods |
4.78% |
Technology |
4.41% |
Basic |
4.14% |
Communications - Telecommunications |
3.58% |
Consumer Cyclical - Other |
3.28% |
Consumer Cyclical - Retailers |
2.32% |
Other Industrial |
1.63% |
Consumer Cyclical - Automotive |
1.50% |
Services |
1.06% |
Transportation - Services |
0.84% |
Consumer Cyclical - Entertainment |
0.72% |
Transportation - Airlines |
0.43% |
Consumer Cyclical - Restaurants |
0.38% |
SUBTOTAL |
48.75% |
Financial Institutions |
|
Banking |
3.63% |
Finance |
1.66% |
Insurance |
1.07% |
Other Finance |
0.93% |
Brokerage |
0.36% |
REITS |
0.15% |
SUBTOTAL |
7.80% |
Utility |
|
Electric |
2.43% |
SUBTOTAL |
2.43% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.14% |
SUBTOTAL |
0.14% |
Credit Default Swaps |
-0.62% |
SUBTOTAL |
58.50% |
Global Governments |
17.48% |
Corporates - Investment Grades |
|
Financial Institutions |
|
Insurance |
1.52% |
Banking |
1.09% |
Finance |
0.66% |
REITS |
0.46% |
SUBTOTAL |
3.73% |
Industrial |
|
Basic |
1.78% |
Communications - Telecommunications |
0.27% |
Energy |
0.26% |
Other Industrial |
0.19% |
Transportation - Airlines |
0.17% |
Capital Goods |
0.16% |
Communications - Media |
0.15% |
Consumer Non-Cyclical |
0.13% |
Consumer Cyclical - Automotive |
0.04% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
3.17% |
Credit Default Swaps |
0.67% |
Utility |
|
Electric |
0.20% |
Natural Gas |
0.11% |
SUBTOTAL |
0.31% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.19% |
SUBTOTAL |
0.19% |
SUBTOTAL |
8.07% |
Collateralized Mortgage Obligations |
|
Non-Agency Fixed Rate |
3.27% |
Non-Agency Floating Rate |
2.06% |
GSE Risk Share Floating Rate |
1.80% |
SUBTOTAL |
7.13% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.72% |
Consumer Cyclical - Automotive |
0.61% |
Other Industrial |
0.43% |
Consumer Cyclical - Other |
0.41% |
Consumer Cyclical - Retailers |
0.38% |
Consumer Cyclical - Entertainment |
0.23% |
Capital Goods |
0.21% |
Energy |
0.20% |
Technology |
0.19% |
Communications - Media |
0.17% |
Basic |
0.14% |
SUBTOTAL |
3.69% |
Financial Institutions |
|
Other Finance |
0.13% |
Insurance |
0.04% |
SUBTOTAL |
0.17% |
Utility |
|
Electric |
0.17% |
SUBTOTAL |
0.17% |
Non Corporate Sectors |
|
Foreign Local Government - Municipal |
0.12% |
SUBTOTAL |
0.12% |
SUBTOTAL |
4.15% |
Emerging Markets - Sovereigns |
3.94% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.80% |
Capital Goods |
0.58% |
Basic |
0.55% |
Transportation - Airlines |
0.27% |
Consumer Cyclical - Retailers |
0.26% |
Communications - Telecommunications |
0.19% |
Consumer Cyclical - Other |
0.18% |
Communications - Media |
0.14% |
SUBTOTAL |
2.97% |
Utility |
|
Electric |
0.14% |
SUBTOTAL |
0.14% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.12% |
SUBTOTAL |
0.12% |
Financial Institutions |
|
Finance |
0.10% |
SUBTOTAL |
0.10% |
SUBTOTAL |
3.33% |
Preferred Stocks |
|
Financial Institutions |
2.61% |
Utility |
0.03% |
SUBTOTAL |
2.64% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
2.19% |
SUBTOTAL |
2.19% |
Local Governments - Municipal Bonds |
0.96% |
Whole Loan Trusts |
|
Performing Asset |
0.93% |
SUBTOTAL |
0.93% |
Common Stocks |
0.88% |
Governments - Sovereign Agencies |
0.86% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.59% |
Home Equity Loans - Floating Rate |
0.18% |
Other ABS - Fixed Rate |
0.08% |
SUBTOTAL |
0.85% |
Total Return Swaps |
0.85% |
Emerging Markets - Treasuries |
0.75% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.43% |
SUBTOTAL |
0.43% |
Inflation-Linked Securities |
0.06% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
-0.11% |
SUBTOTAL |
-0.11% |
Interest Rate Swaps - SIFMA |
-10.31% |
Reverse Repurchase Agreements |
-17.12% |
Net Cash Equivalents |
|
Cash |
3.64% |
Foreign Currency |
-0.01% |
SUBTOTAL |
3.63% |
Derivative Offsets |
|
Swaps Offsets |
9.91% |
SUBTOTAL |
9.91% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
70.08% |
United Kingdom |
3.53% |
Brazil |
3.24% |
Canada |
1.92% |
Luxembourg |
1.51% |
Dominican Republic |
1.49% |
Ireland |
1.48% |
Mexico |
1.43% |
Netherlands |
1.26% |
France |
1.23% |
South Africa |
0.87% |
Germany |
0.76% |
Indonesia |
0.73% |
Italy |
0.62% |
Ivory Coast |
0.61% |
El Salvador |
0.60% |
Switzerland |
0.58% |
United Arab Emirates |
0.56% |
Australia |
0.52% |
Colombia |
0.50% |
Argentina |
0.46% |
Bermuda |
0.41% |
Venezuela |
0.36% |
Norway |
0.35% |
Peru |
0.34% |
Croatia |
0.32% |
India |
0.30% |
Spain |
0.30% |
Hong Kong |
0.30% |
Philippines |
0.28% |
Turkey |
0.21% |
Portugal |
0.21% |
Kazakhstan |
0.18% |
Barbados |
0.18% |
Singapore |
0.16% |
Bahrain |
0.15% |
Macau |
0.14% |
Zambia |
0.14% |
Jamaica |
0.13% |
Ghana |
0.13% |
Japan |
0.12% |
Bulgaria |
0.12% |
Romania |
0.11% |
Pakistan |
0.11% |
Lebanon |
0.11% |
China |
0.09% |
Belgium |
0.09% |
Sweden |
0.09% |
Trinidad & Tobago |
0.09% |
Denmark |
0.08% |
Guatemala |
0.08% |
Sri Lanka |
0.06% |
Uruguay |
0.06% |
Morocco |
0.05% |
Kenya |
0.05% |
Chile |
0.05% |
Serbia |
0.03% |
Virgin Islands (BVI) |
0.02% |
Mongolia |
0.01% |
Costa Rica |
0.01% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
96.97% |
Mexican Peso |
1.98% |
Indonesian Rupiah |
1.96% |
Brazilian Real |
1.96% |
Peruvian Nuevo Sol |
0.97% |
South African Rand |
0.80% |
New Turkish Lira |
0.72% |
Dominican Peso |
0.52% |
Colombian Peso |
0.45% |
Philippine Peso |
0.31% |
Indian Rupee |
0.26% |
Hungarian Forint |
0.16% |
Uruguayan Peso |
0.06% |
Swiss Franc |
0.04% |
Costa Rican Colon |
0.02% |
Singapore Dollar |
-0.50% |
Taiwan New Dollar |
-0.50% |
Euro |
-1.21% |
Canadian Dollar |
-1.98% |
Australian Dollar |
-2.99% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
-8.52% |
AA |
0.63% |
A |
2.13% |
BBB |
12.96% |
BB |
26.68% |
B |
31.58% |
CCC |
15.34% |
CC |
0.85% |
C |
0.02% |
D |
0.71% |
Not Rated |
4.64% |
N/A |
12.98% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
-1.28% |
1 to 5 years |
49.63% |
5 to 10 years |
36.60% |
10 to 20 years |
7.31% |
20 to 30 years |
5.69% |
More than 30 years |
1.17% |
Other |
0.88% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.11% |
Average Bond Price : |
100.89 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
27.64%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
27.64% |
Average Maturity: |
7.36 Years |
Effective Duration: |
4.71 Years |
Total Net Assets: |
$1,223.13 Million |
Net Asset Value: |
$14.18 |
Number of Holdings: |
1138 |
Portfolio Turnover: |
36% |
* 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.
Share this article