AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, July 27, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2015.
AB Global High Income Fund, Inc.
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 1.25%, 1/31/20 |
11.39% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25 |
1.64% |
3) Dominican Republic International Bond 8.625%, 4/20/27 |
0.84% |
4) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.63% |
5) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.60% |
6) El Salvador Government International Bond 7.65%, 6/15/35 |
0.59% |
7) Dominican Republic International Bond 16.00%, 7/10/20 |
0.54% |
8) Argentina Boden Bonds 7.00%, 10/03/15 |
0.54% |
9) South Africa Government Bond Series R207 7.25%, 1/15/20 |
0.41% |
10) U.S. Treasury Bonds 5.00%, 5/15/37 |
0.40% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Consumer Non-Cyclical |
7.83% |
Energy |
6.58% |
Communications - Media |
6.15% |
Capital Goods |
3.86% |
Basic |
3.75% |
Technology |
3.67% |
Consumer Cyclical - Other |
3.54% |
Communications - Telecommunications |
3.10% |
Consumer Cyclical - Retailers |
2.69% |
Consumer Cyclical - Automotive |
1.92% |
Other Industrial |
1.55% |
Transportation - Services |
0.95% |
Services |
0.70% |
Consumer Cyclical - Entertainment |
0.58% |
Transportation - Airlines |
0.44% |
Consumer Cyclical - Restaurants |
0.39% |
SUBTOTAL |
47.70% |
Financial Institutions |
|
Banking |
3.90% |
Finance |
1.43% |
Insurance |
0.82% |
Other Finance |
0.74% |
Brokerage |
0.36% |
REITS |
0.25% |
SUBTOTAL |
7.50% |
Utility |
|
Electric |
1.80% |
SUBTOTAL |
1.80% |
Credit Default Swaps |
-0.13% |
SUBTOTAL |
-0.13% |
SUBTOTAL |
56.87% |
Global Governments |
17.98% |
Corporates - Investment Grade |
|
Financial Institutions |
|
Insurance |
1.55% |
Banking |
1.14% |
Finance |
0.68% |
REITS |
0.46% |
SUBTOTAL |
3.83% |
Industrial |
|
Basic |
1.65% |
Energy |
0.50% |
Communications - Telecommunications |
0.27% |
Other Industrial |
0.19% |
Communications - Media |
0.18% |
Transportation - Airlines |
0.17% |
Capital Goods |
0.15% |
Consumer Non-Cyclical |
0.15% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
3.28% |
Credit Default Swaps |
0.69% |
SUBTOTAL |
0.69% |
Utility |
|
Electric |
0.38% |
Natural Gas |
0.11% |
SUBTOTAL |
0.49% |
SUBTOTAL |
8.29% |
Collateralized Mortgage Obligations |
|
Non-Agency Fixed Rate |
3.35% |
GSE Risk Share Floating Rate |
2.35% |
Non-Agency Floating Rate |
2.21% |
SUBTOTAL |
7.91% |
Emerging Markets - Sovereigns |
4.02% |
Bank Loans |
|
Industrial |
|
Other Industrial |
0.49% |
Consumer Cyclical - Other |
0.47% |
Consumer Cyclical - Retailers |
0.36% |
Consumer Non-Cyclical |
0.31% |
Consumer Cyclical - Entertainment |
0.23% |
Consumer Cyclical - Automotive |
0.20% |
Energy |
0.19% |
Communications - Media |
0.18% |
Basic |
0.14% |
Technology |
0.14% |
Capital Goods |
0.10% |
SUBTOTAL |
2.81% |
Financial Institutions |
|
Other Finance |
0.13% |
Insurance |
0.04% |
SUBTOTAL |
0.17% |
Utility |
|
Electric |
0.17% |
SUBTOTAL |
0.17% |
SUBTOTAL |
3.15% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.77% |
Basic |
0.57% |
Capital Goods |
0.49% |
Consumer Cyclical - Retailers |
0.34% |
Transportation - Airlines |
0.28% |
Communications - Telecommunications |
0.19% |
Communications - Media |
0.14% |
Consumer Cyclical - Other |
0.03% |
SUBTOTAL |
2.81% |
Utility |
|
Electric |
0.15% |
SUBTOTAL |
0.15% |
Financial Institutions |
|
Finance |
0.10% |
SUBTOTAL |
0.10% |
SUBTOTAL |
3.06% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
2.40% |
SUBTOTAL |
2.40% |
Preferred Stocks |
|
Financial Institutions |
1.75% |
Utility |
0.03% |
Industrial |
0.01% |
SUBTOTAL |
1.79% |
Governments - Sovereign Agencies |
1.11% |
Local Governments - Municipal Bonds |
0.94% |
Whole Loan Trusts |
|
Performing Asset |
0.81% |
SUBTOTAL |
0.81% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.60% |
Home Equity Loans - Floating Rate |
0.18% |
SUBTOTAL |
0.78% |
Emerging Markets - Treasuries |
0.73% |
Common Stocks |
0.72% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.45% |
SUBTOTAL |
0.45% |
Investment Companies |
|
Funds and Investment Trusts |
0.22% |
SUBTOTAL |
0.22% |
Agencies |
|
Agency Subordinated |
0.14% |
SUBTOTAL |
0.14% |
Inflation-Linked Securities |
0.08% |
Options Purchased - Puts |
|
Swaptions |
0.01% |
SUBTOTAL |
0.01% |
Warrants |
0.01% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
-0.10% |
SUBTOTAL |
-0.10% |
Interest Rate Swaps - SIFMA |
-9.62% |
Reverse Repurchase Agreements |
-15.56% |
Net Cash Equivalents |
|
Investment Companies |
2.46% |
Cash |
1.62% |
Bank Loans |
0.13% |
SUBTOTAL |
4.21% |
Derivative Offsets |
|
Swaps Offsets |
9.60% |
SUBTOTAL |
9.60% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
70.36% |
Brazil |
3.72% |
United Kingdom |
3.64% |
Canada |
1.98% |
Dominican Republic |
1.48% |
Ireland |
1.45% |
Mexico |
1.25% |
France |
1.21% |
Netherlands |
1.21% |
Luxembourg |
1.19% |
South Africa |
0.92% |
Germany |
0.76% |
Ivory Coast |
0.62% |
Italy |
0.62% |
Switzerland |
0.59% |
El Salvador |
0.58% |
United Arab Emirates |
0.58% |
Indonesia |
0.56% |
Colombia |
0.48% |
Argentina |
0.47% |
Bermuda |
0.43% |
Venezuela |
0.39% |
Peru |
0.35% |
Australia |
0.33% |
New Zealand |
0.33% |
Spain |
0.32% |
India |
0.32% |
Croatia |
0.32% |
Hong Kong |
0.31% |
Philippines |
0.27% |
Portugal |
0.22% |
Norway |
0.22% |
Turkey |
0.21% |
Barbados |
0.19% |
Kazakhstan |
0.19% |
Macau |
0.17% |
Trinidad & Tobago |
0.16% |
Bahrain |
0.15% |
Zambia |
0.14% |
Jamaica |
0.13% |
Bulgaria |
0.13% |
Ghana |
0.13% |
Pakistan |
0.12% |
Lebanon |
0.11% |
Sweden |
0.09% |
Belgium |
0.09% |
Sri Lanka |
0.09% |
Denmark |
0.09% |
Guatemala |
0.08% |
Uruguay |
0.07% |
Morocco |
0.05% |
Kenya |
0.05% |
Chile |
0.05% |
Serbia |
0.03% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
101.64% |
Brazilian Real |
1.95% |
Indonesian Rupiah |
0.99% |
Peruvian Nuevo Sol |
0.97% |
Dominican Peso |
0.54% |
Philippine Peso |
0.30% |
Indian Rupee |
0.26% |
Hungarian Forint |
0.16% |
Uruguayan Peso |
0.08% |
Euro |
0.03% |
Mexican Peso |
0.02% |
South African Rand |
-0.01% |
Norwegian Krone |
-0.02% |
Colombian Peso |
-0.03% |
Great British Pound |
-0.03% |
Taiwan New Dollar |
-0.51% |
New Turkish Lira |
-0.88% |
New Zealand Dollar |
-0.92% |
Canadian Dollar |
-1.49% |
Australian Dollar |
-3.05% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
-0.73% |
AA |
0.63% |
A |
2.22% |
BBB |
14.52% |
BB |
28.13% |
B |
26.75% |
CCC |
14.57% |
CC |
0.83% |
C |
0.07% |
D |
0.79% |
Not Rated |
5.62% |
Short Term Investments |
2.59% |
N/A |
4.01% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
-1.46% |
1 to 5 years |
46.00% |
5 to 10 years |
38.91% |
10 to 20 years |
8.29% |
20 to 30 years |
5.66% |
More than 30 years |
1.87% |
Other |
0.73% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
6.77% |
Average Bond Price : |
99.17 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
40.17%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
40.17% |
Average Maturity: |
8.14 Years |
Effective Duration: |
4.74 Years |
Total Net Assets: |
$1,186.37 Million |
Net Asset Value: |
$13.76 |
Number of Holdings: |
1184 |
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.
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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