AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, June 24, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2016.
AB Global High Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Bonds 8.125%, 5/15/21 |
3.11% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25 |
2.50% |
3) U.S. Treasury Notes 1.25%, 1/31/20 |
1.12% |
4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.626%, 1/25/37 |
0.84% |
5) U.S. Treasury Notes 2.25%, 11/15/25 |
0.79% |
6) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.70% |
7) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.61% |
8) Dominican Republic International Bond 8.625%, 4/20/27 |
0.59% |
9) Dominican Republic International Bond 16.00%, 7/10/20 |
0.53% |
10) Turkey Government Bond 8.30%, 6/20/18 |
0.48% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Consumer Non-Cyclical |
7.36% |
Communications - Media |
5.58% |
Energy |
5.04% |
Communications - Telecommunications |
3.74% |
Capital Goods |
3.43% |
Consumer Cyclical - Other |
3.19% |
Basic |
2.93% |
Technology |
2.65% |
Consumer Cyclical - Retailers |
2.12% |
Consumer Cyclical - Automotive |
1.68% |
Other Industrial |
1.25% |
Services |
0.95% |
Transportation - Services |
0.85% |
Consumer Cyclical - Entertainment |
0.63% |
Transportation - Airlines |
0.44% |
Consumer Cyclical - Restaurants |
0.30% |
SUBTOTAL |
42.14% |
Credit Default Swaps |
12.05% |
SUBTOTAL |
12.05% |
Financial Institutions |
|
Banking |
3.94% |
Finance |
1.30% |
Other Finance |
0.50% |
Insurance |
0.37% |
REITS |
0.03% |
Brokerage |
0.01% |
SUBTOTAL |
6.15% |
Utility |
|
Electric |
1.65% |
SUBTOTAL |
1.65% |
SUBTOTAL |
61.99% |
Collateralized Mortgage Obligations |
|
Risk Share Floating Rate |
8.13% |
Non-Agency Fixed Rate |
3.00% |
Non-Agency Floating Rate |
1.37% |
SUBTOTAL |
12.50% |
Global Governments |
10.30% |
Corporates - Investment Grade |
|
Industrial |
|
Basic |
1.52% |
Energy |
0.76% |
Technology |
0.66% |
Capital Goods |
0.39% |
Communications - Media |
0.27% |
Transportation - Airlines |
0.18% |
Communications - Telecommunications |
0.17% |
Consumer Non-Cyclical |
0.12% |
Other Industrial |
0.03% |
Consumer Cyclical - Other |
0.02% |
SUBTOTAL |
4.12% |
Financial Institutions |
|
Insurance |
1.20% |
Banking |
0.72% |
REITS |
0.48% |
Brokerage |
0.17% |
SUBTOTAL |
2.57% |
Credit Default Swaps |
0.74% |
SUBTOTAL |
0.74% |
Utility |
|
Electric |
0.39% |
Natural Gas |
0.11% |
SUBTOTAL |
0.50% |
SUBTOTAL |
7.93% |
Total Return Swaps |
6.60% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
3.97% |
Credit Default Swaps |
0.83% |
Non-Agency Floating Rate CMBS |
0.21% |
SUBTOTAL |
5.01% |
Emerging Markets - Sovereigns |
3.76% |
Bank Loans |
|
Industrial |
|
Consumer Cyclical - Retailers |
0.76% |
Consumer Non-Cyclical |
0.50% |
Technology |
0.50% |
Consumer Cyclical - Other |
0.47% |
Consumer Cyclical - Entertainment |
0.42% |
Other Industrial |
0.40% |
Basic |
0.29% |
Capital Goods |
0.11% |
Consumer Cyclical - Automotive |
0.07% |
SUBTOTAL |
3.52% |
Utility |
|
Electric |
0.18% |
SUBTOTAL |
0.18% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
3.74% |
Emerging Markets - Treasuries |
3.48% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.62% |
Consumer Cyclical - Retailers |
0.28% |
Transportation - Airlines |
0.26% |
Capital Goods |
0.25% |
Basic |
0.24% |
Communications - Telecommunications |
0.23% |
SUBTOTAL |
1.88% |
Financial Institutions |
|
Finance |
0.10% |
SUBTOTAL |
0.10% |
SUBTOTAL |
1.98% |
Interest Rate Futures |
1.97% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.69% |
Other ABS - Fixed Rate |
0.18% |
Home Equity Loans - Floating Rate |
0.17% |
Other ABS - Floating Rate |
0.12% |
Autos - Fixed Rate |
0.06% |
SUBTOTAL |
1.22% |
Governments - Sovereign Agencies |
1.08% |
Preferred Stocks |
|
Financial Institutions |
1.01% |
Utility |
0.03% |
SUBTOTAL |
1.04% |
Whole Loan Trusts |
|
Performing Asset |
0.94% |
SUBTOTAL |
0.94% |
Common Stocks |
0.83% |
Local Governments - Municipal Bonds |
0.64% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.21% |
SUBTOTAL |
0.21% |
Inflation-Linked Securities |
0.19% |
Investment Companies |
|
Funds and Investment Trusts |
0.17% |
SUBTOTAL |
0.17% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.16% |
SUBTOTAL |
0.16% |
Local Governments - Regional Bonds |
0.16% |
Warrants |
0.03% |
Options Purchased - Puts |
|
Options on Equity Indices |
0.01% |
SUBTOTAL |
0.01% |
Call Options Written |
-0.01% |
Put Options Written |
-0.01% |
Interest Rate Swaps |
-0.06% |
Reverse Repurchase Agreements |
-7.12% |
Net Cash Equivalents |
|
Cash |
1.84% |
Investment Companies |
1.09% |
Emerging Markets - Sovereigns |
0.14% |
Repurchase Agreements |
-0.13% |
SUBTOTAL |
2.94% |
Derivative Offsets |
|
Futures Offsets |
-1.94% |
Swaps Offsets |
-19.74% |
SUBTOTAL |
-21.68% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
70.09% |
Brazil |
5.15% |
United Kingdom |
3.12% |
Canada |
2.07% |
Ireland |
1.62% |
Luxembourg |
1.52% |
Mexico |
1.47% |
France |
1.28% |
Dominican Republic |
1.25% |
Netherlands |
1.00% |
Switzerland |
0.87% |
Argentina |
0.84% |
Italy |
0.77% |
Turkey |
0.70% |
Ivory Coast |
0.69% |
Colombia |
0.67% |
United Arab Emirates |
0.62% |
Indonesia |
0.58% |
Germany |
0.49% |
Bermuda |
0.48% |
Venezuela |
0.44% |
Spain |
0.40% |
South Africa |
0.38% |
Croatia |
0.37% |
Jamaica |
0.30% |
Ghana |
0.29% |
Australia |
0.24% |
Angola |
0.21% |
Barbados |
0.21% |
New Zealand |
0.21% |
Portugal |
0.20% |
Trinidad & Tobago |
0.17% |
Pakistan |
0.14% |
Macau |
0.13% |
Zambia |
0.13% |
India |
0.12% |
Sri Lanka |
0.10% |
Denmark |
0.09% |
Guatemala |
0.08% |
Cayman Islands |
0.08% |
Gabon |
0.07% |
El Salvador |
0.07% |
Peru |
0.07% |
Kenya |
0.06% |
Chile |
0.05% |
Finland |
0.05% |
Norway |
0.03% |
Serbia |
0.03% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
97.14% |
Mexican Peso |
3.46% |
South African Rand |
1.74% |
Brazilian Real |
1.63% |
Russian Rubles |
1.26% |
Indian Rupee |
0.99% |
Dominican Peso |
0.53% |
Indonesian Rupiah |
0.53% |
Argentine Peso |
0.49% |
New Turkish Lira |
0.49% |
Colombian Peso |
0.45% |
Hungarian Forint |
0.17% |
Swedish Krona |
0.02% |
Norwegian Krone |
0.01% |
Swiss Franc |
-0.01% |
Singapore Dollar |
-0.51% |
Australian Dollar |
-0.95% |
Japanese Yen |
-0.97% |
Great British Pound |
-1.02% |
Euro |
-1.09% |
Canadian Dollar |
-1.48% |
Taiwan New Dollar |
-2.88% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
2.23% |
AA |
0.82% |
A |
2.42% |
BBB |
13.20% |
BB |
29.84% |
B |
24.00% |
CCC |
9.98% |
CC |
1.15% |
C |
0.23% |
D |
1.31% |
Not Rated |
10.50% |
Short Term Investments |
1.10% |
N/A |
3.22% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
5.40% |
1 to 5 years |
37.13% |
5 to 10 years |
41.09% |
10 to 20 years |
8.73% |
20 to 30 years |
5.46% |
More than 30 years |
1.33% |
Other |
0.86% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.58% |
Average Bond Price : |
98.57 |
Percentage of Leverage (based on Gross Assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
33.90%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
33.90% |
Average Maturity: |
7.70 Years |
Effective Duration: |
4.97 Years |
Total Net Assets: |
$1,116.48 Million |
Net Asset Value: |
$12.95 |
Number of Holdings: |
1223 |
Portfolio Turnover: |
42% |
* 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.
Related Links
http://www.alliancebernstein.com
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