AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31, 2015.
AB Global High Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Bonds 8.125%, 5/15/21 |
3.10% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25 |
2.18% |
3) U.S. Treasury Notes 1.25%, 1/31/20 |
1.09% |
4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.377%, 1/25/37 |
0.96% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.67% |
6) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.59% |
7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.59% |
8) El Salvador Government International Bond 7.65%, 6/15/35 |
0.56% |
9) Dominican Republic International Bond 16.00%, 7/10/20 |
0.54% |
10) U.S. Treasury Bonds 5.00%, 5/15/37 |
0.43% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Consumer Non-Cyclical |
7.41% |
Communications - Media |
6.00% |
Energy |
5.54% |
Capital Goods |
3.83% |
Communications - Telecommunications |
3.71% |
Consumer Cyclical - Other |
3.61% |
Technology |
3.26% |
Basic |
2.84% |
Consumer Cyclical - Retailers |
2.67% |
Consumer Cyclical - Automotive |
1.92% |
Other Industrial |
1.23% |
Transportation - Services |
0.66% |
Services |
0.59% |
Consumer Cyclical - Entertainment |
0.58% |
Transportation - Airlines |
0.48% |
Consumer Cyclical - Restaurants |
0.41% |
SUBTOTAL |
44.74% |
Financial Institutions |
|
Banking |
4.41% |
Finance |
1.36% |
Insurance |
0.64% |
Other Finance |
0.47% |
Brokerage |
0.09% |
SUBTOTAL |
6.97% |
Credit Default Swaps |
4.20% |
SUBTOTAL |
4.20% |
Utility |
|
Electric |
1.92% |
SUBTOTAL |
1.92% |
SUBTOTAL |
57.83% |
Global Governments |
10.94% |
Collateralized Mortgage Obligations |
|
GSE Risk Share Floating Rate |
4.12% |
Non-Agency Fixed Rate |
3.39% |
Non-Agency Floating Rate |
2.97% |
SUBTOTAL |
10.48% |
Corporates - Investment Grade |
|
Industrial |
|
Basic |
1.69% |
Energy |
0.63% |
Communications - Media |
0.57% |
Communications - Telecommunications |
0.26% |
Capital Goods |
0.24% |
Other Industrial |
0.20% |
Transportation - Airlines |
0.16% |
Consumer Non-Cyclical |
0.11% |
Transportation - Services |
0.07% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
3.95% |
Financial Institutions |
|
Insurance |
1.44% |
Banking |
1.06% |
REITS |
0.48% |
Finance |
0.39% |
Brokerage |
0.09% |
SUBTOTAL |
3.46% |
Credit Default Swaps |
0.72% |
SUBTOTAL |
0.72% |
Utility |
|
Electric |
0.39% |
Natural Gas |
0.11% |
SUBTOTAL |
0.50% |
SUBTOTAL |
8.63% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
3.04% |
Credit Default Swaps |
0.87% |
Non-Agency Floating Rate CMBS |
0.18% |
SUBTOTAL |
4.09% |
Emerging Markets - Sovereigns |
3.55% |
Bank Loans |
|
Industrial |
|
Consumer Cyclical - Retailers |
0.50% |
Other Industrial |
0.49% |
Basic |
0.44% |
Consumer Cyclical - Other |
0.37% |
Consumer Non-Cyclical |
0.30% |
Consumer Cyclical - Entertainment |
0.23% |
Technology |
0.23% |
Communications - Media |
0.19% |
Energy |
0.18% |
Capital Goods |
0.11% |
Consumer Cyclical - Automotive |
0.07% |
SUBTOTAL |
3.11% |
Utility |
|
Electric |
0.18% |
SUBTOTAL |
0.18% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
3.33% |
Interest Rate Swaps - SIFMA |
2.72% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.49% |
Capital Goods |
0.49% |
Basic |
0.41% |
Consumer Cyclical - Retailers |
0.32% |
Transportation - Airlines |
0.24% |
Communications - Telecommunications |
0.17% |
Consumer Cyclical - Other |
0.03% |
SUBTOTAL |
2.15% |
Utility |
|
Electric |
0.15% |
SUBTOTAL |
0.15% |
Financial Institutions |
|
Finance |
0.09% |
SUBTOTAL |
0.09% |
SUBTOTAL |
2.39% |
Preferred Stocks |
|
Financial Institutions |
2.02% |
Utility |
0.03% |
SUBTOTAL |
2.05% |
Governments - Sovereign Agencies |
1.47% |
Local Governments - Municipal Bonds |
1.03% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.76% |
Home Equity Loans - Floating Rate |
0.18% |
SUBTOTAL |
0.94% |
Whole Loan Trusts |
|
Performing Asset |
0.82% |
SUBTOTAL |
0.82% |
Common Stocks |
0.75% |
Emerging Markets - Treasuries |
0.73% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.45% |
SUBTOTAL |
0.45% |
Total Return Swaps |
0.28% |
Investment Companies |
|
Funds and Investment Trusts |
0.16% |
SUBTOTAL |
0.16% |
Agencies |
|
Agency Subordinated |
0.14% |
SUBTOTAL |
0.14% |
Inflation-Linked Securities |
0.07% |
Warrants |
0.05% |
Options Purchased - Puts |
|
Swaptions |
0.01% |
SUBTOTAL |
0.01% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
-0.17% |
SUBTOTAL |
-0.17% |
Reverse Repurchase Agreements |
-7.07% |
Net Cash Equivalents |
|
Investment Companies |
1.49% |
Cash |
1.45% |
SUBTOTAL |
2.94% |
Derivative Offsets |
|
Swaps Offsets |
-8.61% |
SUBTOTAL |
-8.61% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
69.00% |
Brazil |
4.34% |
United Kingdom |
3.68% |
Canada |
1.90% |
France |
1.79% |
Mexico |
1.60% |
Netherlands |
1.51% |
Ireland |
1.43% |
Dominican Republic |
1.33% |
Luxembourg |
1.17% |
Germany |
1.03% |
South Africa |
0.82% |
Italy |
0.78% |
Switzerland |
0.78% |
Ivory Coast |
0.66% |
United Arab Emirates |
0.64% |
Indonesia |
0.59% |
El Salvador |
0.59% |
Bermuda |
0.50% |
Colombia |
0.46% |
Venezuela |
0.45% |
Spain |
0.41% |
Croatia |
0.36% |
Ghana |
0.35% |
India |
0.31% |
Australia |
0.29% |
New Zealand |
0.26% |
Jamaica |
0.24% |
Turkey |
0.23% |
Kazakhstan |
0.20% |
Portugal |
0.20% |
Barbados |
0.20% |
Macau |
0.19% |
Hong Kong |
0.18% |
Trinidad & Tobago |
0.17% |
Bulgaria |
0.14% |
Zambia |
0.13% |
Pakistan |
0.13% |
Lebanon |
0.12% |
Sweden |
0.10% |
Denmark |
0.09% |
Sri Lanka |
0.09% |
Peru |
0.08% |
Guatemala |
0.07% |
Uruguay |
0.07% |
Kenya |
0.06% |
Morocco |
0.06% |
Chile |
0.06% |
Bahrain |
0.05% |
Belgium |
0.04% |
Norway |
0.04% |
Serbia |
0.03% |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
99.38% |
Japanese Yen |
2.46% |
Indian Rupee |
1.23% |
Dominican Peso |
0.54% |
New Turkish Lira |
0.49% |
Hungarian Forint |
0.17% |
Uruguayan Peso |
0.07% |
Mexican Peso |
0.03% |
Canadian Dollar |
0.01% |
South African Rand |
0.01% |
Great British Pound |
-0.01% |
Norwegian Krone |
-0.02% |
Colombian Peso |
-0.05% |
Brazilian Real |
-0.06% |
Australian Dollar |
-0.48% |
Taiwan New Dollar |
-1.00% |
Singapore Dollar |
-1.01% |
Euro |
-1.76% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
0.64% |
AA |
0.66% |
A |
2.24% |
BBB |
15.61% |
BB |
28.99% |
B |
24.08% |
CCC |
12.88% |
CC |
1.03% |
C |
0.02% |
D |
0.68% |
Not Rated |
7.97% |
Short Term Investments |
1.49% |
N/A |
3.71% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
2.90% |
1 to 5 years |
35.52% |
5 to 10 years |
45.05% |
10 to 20 years |
8.99% |
20 to 30 years |
5.08% |
More than 30 years |
1.65% |
Other |
0.81% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.12% |
Average Bond Price : |
97.60 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
18.00%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
18.00% |
Average Maturity: |
7.82 Years |
Effective Duration: |
4.92 Years |
Total Net Assets: |
$1,134.85 Million |
Net Asset Value: |
$13.16 |
Number of Holdings: |
1140 |
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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