AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, July 25, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2016.
AB Global High Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 0.875%, 4/15/19 |
5.61% |
2) U.S. Treasury Bonds 8.125%, 5/15/21 |
3.11% |
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/27 |
2.88% |
4) U.S. Treasury Notes 1.25%, 1/31/20 |
1.12% |
5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.633%, 1/25/37 |
0.81% |
6) U.S. Treasury Notes 2.25%, 11/15/25 |
0.80% |
7) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.72% |
8) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.62% |
9) Dominican Republic International Bond 8.625%, 4/20/27 |
0.60% |
10) Dominican Republic International Bond 16.00%, 7/10/20 |
0.53% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Consumer Non-Cyclical |
7.16% |
Communications - Media |
5.47% |
Energy |
5.32% |
Communications - Telecommunications |
3.70% |
Capital Goods |
3.13% |
Consumer Cyclical - Other |
3.11% |
Basic |
2.91% |
Technology |
2.68% |
Consumer Cyclical - Retailers |
2.03% |
Consumer Cyclical - Automotive |
1.58% |
Other Industrial |
1.20% |
Transportation - Services |
0.88% |
Services |
0.83% |
Consumer Cyclical - Entertainment |
0.62% |
Transportation - Airlines |
0.43% |
Consumer Cyclical - Restaurants |
0.28% |
SUBTOTAL |
41.33% |
Credit Default Swaps |
11.60% |
SUBTOTAL |
11.60% |
Financial Institutions |
|
Banking |
3.06% |
Finance |
1.26% |
Other Finance |
0.47% |
Insurance |
0.36% |
REITS |
0.03% |
Brokerage |
0.01% |
SUBTOTAL |
5.19% |
Utility |
|
Electric |
1.71% |
SUBTOTAL |
1.71% |
SUBTOTAL |
59.83% |
Global Governments |
16.29% |
Collateralized Mortgage Obligations |
|
Risk Share Floating Rate |
8.49% |
Non-Agency Fixed Rate |
2.86% |
Non-Agency Floating Rate |
1.30% |
SUBTOTAL |
12.65% |
Corporates - Investment Grade |
|
Industrial |
|
Basic |
1.57% |
Technology |
0.71% |
Energy |
0.68% |
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 |
4.14% |
Financial Institutions |
|
Insurance |
1.32% |
Banking |
0.57% |
REITS |
0.48% |
Brokerage |
0.17% |
SUBTOTAL |
2.54% |
Credit Default Swaps |
0.73% |
SUBTOTAL |
0.73% |
Utility |
|
Electric |
0.39% |
Natural Gas |
0.11% |
SUBTOTAL |
0.50% |
SUBTOTAL |
7.91% |
Total Return Swaps |
5.96% |
Interest Rate Futures |
5.73% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
3.94% |
Credit Default Swaps |
0.82% |
Non-Agency Floating Rate CMBS |
0.21% |
SUBTOTAL |
4.97% |
Emerging Markets - Sovereigns |
3.86% |
Emerging Markets - Treasuries |
3.68% |
Bank Loans |
|
Industrial |
|
Consumer Cyclical - Retailers |
0.58% |
Technology |
0.50% |
Consumer Non-Cyclical |
0.49% |
Consumer Cyclical - Other |
0.46% |
Other Industrial |
0.40% |
Basic |
0.27% |
Consumer Cyclical - Entertainment |
0.24% |
Capital Goods |
0.11% |
Consumer Cyclical - Automotive |
0.07% |
SUBTOTAL |
3.12% |
Utility |
|
Electric |
0.18% |
SUBTOTAL |
0.18% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
3.34% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.40% |
Consumer Cyclical - Retailers |
0.28% |
Capital Goods |
0.27% |
Transportation - Airlines |
0.26% |
Communications - Telecommunications |
0.22% |
Basic |
0.20% |
SUBTOTAL |
1.63% |
Financial Institutions |
|
Finance |
0.10% |
SUBTOTAL |
0.10% |
SUBTOTAL |
1.73% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.67% |
Other ABS - Fixed Rate |
0.18% |
Home Equity Loans - Floating Rate |
0.16% |
Other ABS - Floating Rate |
0.12% |
Autos - Fixed Rate |
0.06% |
SUBTOTAL |
1.19% |
Governments - Sovereign Agencies |
1.09% |
Whole Loan Trusts |
|
Performing Asset |
0.94% |
SUBTOTAL |
0.94% |
Common Stocks |
0.72% |
Preferred Stocks |
|
Financial Institutions |
0.63% |
Utility |
0.03% |
SUBTOTAL |
0.66% |
Local Governments - Municipal Bonds |
0.60% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.29% |
SUBTOTAL |
0.29% |
Local Governments - Regional Bonds |
0.27% |
Equity Futures |
|
Equity Index Futures |
0.25% |
SUBTOTAL |
0.25% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.22% |
SUBTOTAL |
0.22% |
Inflation-Linked Securities |
0.20% |
Investment Companies |
|
Funds and Investment Trusts |
0.17% |
SUBTOTAL |
0.17% |
Warrants |
0.03% |
Put Options Written |
-0.02% |
Call Options Written |
-0.04% |
Interest Rate Swaps |
-0.32% |
Reverse Repurchase Agreements |
-11.46% |
Net Cash Equivalents |
|
Cash |
3.07% |
Investment Companies |
0.59% |
Emerging Markets - Sovereigns |
0.12% |
Repurchase Agreements |
-0.09% |
SUBTOTAL |
3.69% |
Derivative Offsets |
|
Futures Offsets |
-5.90% |
Swaps Offsets |
-18.53% |
SUBTOTAL |
-24.43% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
70.97% |
Brazil |
5.22% |
United Kingdom |
2.93% |
Canada |
2.22% |
Mexico |
1.43% |
Ireland |
1.32% |
Luxembourg |
1.32% |
France |
1.31% |
Dominican Republic |
1.21% |
Netherlands |
0.95% |
Argentina |
0.90% |
Switzerland |
0.82% |
Italy |
0.73% |
Colombia |
0.70% |
Turkey |
0.69% |
Ivory Coast |
0.67% |
Indonesia |
0.58% |
United Arab Emirates |
0.58% |
Venezuela |
0.48% |
Germany |
0.46% |
Spain |
0.41% |
Bermuda |
0.39% |
South Africa |
0.39% |
Croatia |
0.36% |
Ghana |
0.31% |
Jamaica |
0.28% |
New Zealand |
0.20% |
Angola |
0.20% |
Australia |
0.20% |
Barbados |
0.20% |
Portugal |
0.19% |
Trinidad & Tobago |
0.16% |
Zambia |
0.13% |
Pakistan |
0.13% |
India |
0.12% |
Macau |
0.10% |
Sri Lanka |
0.09% |
Cayman Islands |
0.08% |
Guatemala |
0.08% |
Denmark |
0.08% |
Peru |
0.07% |
Gabon |
0.07% |
Kenya |
0.06% |
El Salvador |
0.06% |
Finland |
0.05% |
Chile |
0.05% |
Serbia |
0.03% |
Norway |
0.02% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
96.39% |
Mexican Peso |
3.04% |
Indian Rupee |
1.99% |
South African Rand |
1.85% |
Russian Rubles |
1.74% |
Brazilian Real |
0.97% |
Indonesian Rupiah |
0.55% |
Dominican Peso |
0.53% |
New Turkish Lira |
0.52% |
Colombian Peso |
0.48% |
Argentine Peso |
0.47% |
Hungarian Forint |
0.17% |
Norwegian Krone |
0.01% |
Swedish Krona |
0.01% |
Euro |
-0.43% |
Swiss Franc |
-0.49% |
Singapore Dollar |
-0.52% |
Great British Pound |
-0.84% |
Australian Dollar |
-0.96% |
Taiwan New Dollar |
-0.99% |
Japanese Yen |
-1.03% |
Canadian Dollar |
-1.49% |
Chinese Yuan Renminbi |
-1.97% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
3.28% |
AA |
0.82% |
A |
2.22% |
BBB |
13.61% |
BB |
28.58% |
B |
23.44% |
CCC |
10.09% |
CC |
1.07% |
C |
0.27% |
D |
1.20% |
Not Rated |
10.71% |
Short Term Investments |
0.63% |
N/A |
4.08% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
-0.53% |
1 to 5 years |
42.11% |
5 to 10 years |
41.20% |
10 to 20 years |
8.97% |
20 to 30 years |
5.89% |
More than 30 years |
1.62% |
Other |
0.74% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.45% |
Average Bond Price : |
97.25 |
Percentage of Leverage (based on Gross Assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
37.40%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
37.40% |
Average Effective Maturity: |
8.00 Years |
Effective Duration: |
5.02 Years |
Total Net Assets: |
$1,129.69 Million |
Net Asset Value: |
$13.10 |
Number of Holdings: |
1192 |
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.
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