AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 22, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of November 30, 2016.
AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 0.875%, 4/15/19 |
3.72% |
2) U.S. Treasury Bonds 8.125%, 5/15/21 |
2.91% |
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
2.83% |
4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.772%, 1/25/37 |
0.80% |
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.64% |
6) Dominican Republic International Bond 8.625%, 4/20/27 |
0.56% |
7) Dominican Republic International Bond 16.00%, 7/10/20 |
0.50% |
8) Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2014-HQ3, Class M3 5.334%, 10/25/24 |
0.47% |
9) U.S. Treasury Bonds 5.00%, 5/15/37 |
0.41% |
10) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.41% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Consumer Non-Cyclical |
6.39% |
Communications - Media |
5.23% |
Energy |
5.16% |
Basic |
3.67% |
Communications - Telecommunications |
3.65% |
Consumer Cyclical - Other |
3.24% |
Capital Goods |
3.02% |
Technology |
2.73% |
Consumer Cyclical - Automotive |
2.04% |
Consumer Cyclical - Retailers |
1.71% |
Services |
0.99% |
Transportation - Services |
0.78% |
Other Industrial |
0.76% |
Consumer Cyclical - Entertainment |
0.60% |
Consumer Cyclical - Restaurants |
0.29% |
Transportation - Airlines |
0.11% |
SUBTOTAL |
40.37% |
Financial Institutions |
|
Banking |
3.04% |
Finance |
1.00% |
Other Finance |
0.56% |
Insurance |
0.36% |
Brokerage |
0.01% |
REITS |
0.01% |
SUBTOTAL |
4.98% |
Credit Default Swaps |
2.88% |
SUBTOTAL |
2.88% |
Utility |
|
Electric |
1.33% |
SUBTOTAL |
1.33% |
SUBTOTAL |
49.56% |
Collateralized Mortgage Obligations |
|
Risk Share Floating Rate |
8.83% |
Non-Agency Fixed Rate |
2.64% |
Non-Agency Floating Rate |
1.24% |
Agency Floating Rate |
0.06% |
SUBTOTAL |
12.77% |
Global Governments |
11.12% |
Interest Rate Futures |
10.88% |
Corporates - Investment Grade |
|
Industrial |
|
Basic |
1.03% |
Energy |
0.65% |
Technology |
0.64% |
Capital Goods |
0.37% |
Communications - Media |
0.32% |
Communications - Telecommunications |
0.31% |
Transportation - Airlines |
0.17% |
Consumer Cyclical - Automotive |
0.16% |
Consumer Non-Cyclical |
0.11% |
Other Industrial |
0.03% |
Consumer Cyclical - Other |
0.01% |
SUBTOTAL |
3.80% |
Financial Institutions |
|
Insurance |
1.28% |
Banking |
1.00% |
REITS |
0.49% |
Brokerage |
0.17% |
Finance |
0.12% |
SUBTOTAL |
3.06% |
Credit Default Swaps |
0.95% |
SUBTOTAL |
0.95% |
Utility |
|
Electric |
0.48% |
Natural Gas |
0.11% |
SUBTOTAL |
0.59% |
SUBTOTAL |
8.40% |
Total Return Swaps |
7.99% |
Commercial Mortgage-Backed Securities |
|
Credit Default Swaps |
4.06% |
Non-Agency Fixed Rate CMBS |
3.33% |
Non-Agency Floating Rate CMBS |
0.20% |
SUBTOTAL |
7.59% |
Emerging Markets - Sovereigns |
4.89% |
Interest Rate Swaps |
4.81% |
Emerging Markets - Treasuries |
4.07% |
Bank Loans |
|
Industrial |
|
Technology |
0.68% |
Consumer Non-Cyclical |
0.62% |
Consumer Cyclical - Retailers |
0.58% |
Consumer Cyclical - Other |
0.43% |
Other Industrial |
0.39% |
Capital Goods |
0.26% |
Energy |
0.26% |
Basic |
0.21% |
Consumer Cyclical - Entertainment |
0.20% |
Consumer Cyclical - Automotive |
0.08% |
SUBTOTAL |
3.71% |
Utility |
|
Natural Gas |
0.11% |
SUBTOTAL |
0.11% |
Financial Institutions |
|
Insurance |
0.04% |
SUBTOTAL |
0.04% |
SUBTOTAL |
3.86% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Communications - Telecommunications |
0.41% |
Consumer Non-Cyclical |
0.37% |
Capital Goods |
0.32% |
Transportation - Airlines |
0.27% |
Basic |
0.16% |
Consumer Cyclical - Retailers |
0.13% |
SUBTOTAL |
1.66% |
Financial Institutions |
|
Finance |
0.10% |
SUBTOTAL |
0.10% |
SUBTOTAL |
1.76% |
Asset-Backed Securities |
|
Home Equity Loans - Fixed Rate |
0.54% |
Home Equity Loans - Floating Rate |
0.23% |
Other ABS - Fixed Rate |
0.17% |
Other ABS - Floating Rate |
0.15% |
Autos - Fixed Rate |
0.07% |
SUBTOTAL |
1.16% |
Governments - Sovereign Agencies |
0.98% |
Whole Loan Trusts |
|
Performing Asset |
0.84% |
SUBTOTAL |
0.84% |
Common Stocks |
0.75% |
Preferred Stocks |
|
Financial Institutions |
0.47% |
Utility |
0.03% |
SUBTOTAL |
0.50% |
Inflation-Linked Securities |
0.48% |
Local Governments - Municipal Bonds |
0.48% |
Local Governments - Regional Bonds |
0.39% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.38% |
SUBTOTAL |
0.38% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.30% |
SUBTOTAL |
0.30% |
Equity Futures |
|
Equity Index Futures |
0.25% |
SUBTOTAL |
0.25% |
Investment Companies |
|
Funds and Investment Trusts |
0.17% |
SUBTOTAL |
0.17% |
Warrants |
0.07% |
Options Purchased - Calls |
|
Options on Forward Contracts |
0.01% |
SUBTOTAL |
0.01% |
Call Options Written |
-0.03% |
Put Options Written |
-0.09% |
Reverse Repurchase Agreements |
-8.39% |
Net Cash Equivalents |
|
Investment Companies |
4.80% |
Cash |
0.71% |
Bank Loans |
0.18% |
Emerging Markets - Sovereigns |
0.02% |
SUBTOTAL |
5.71% |
Derivative Offsets |
|
Futures Offsets |
-11.15% |
Swaps Offsets |
-20.51% |
SUBTOTAL |
-31.66% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
71.09% |
Brazil |
4.60% |
United Kingdom |
2.78% |
Canada |
2.02% |
France |
1.39% |
Luxembourg |
1.31% |
Mexico |
1.31% |
Argentina |
1.27% |
Dominican Republic |
1.09% |
Ireland |
1.09% |
Turkey |
1.00% |
Indonesia |
0.99% |
Colombia |
0.85% |
Netherlands |
0.85% |
Switzerland |
0.81% |
Italy |
0.73% |
Ivory Coast |
0.59% |
United Arab Emirates |
0.55% |
Spain |
0.52% |
Venezuela |
0.49% |
Germany |
0.45% |
Croatia |
0.35% |
Jamaica |
0.34% |
Australia |
0.23% |
Gabon |
0.22% |
South Africa |
0.21% |
Angola |
0.20% |
Barbados |
0.20% |
Portugal |
0.19% |
New Zealand |
0.17% |
Trinidad & Tobago |
0.17% |
Mongolia |
0.16% |
Zambia |
0.14% |
Pakistan |
0.13% |
India |
0.11% |
Ghana |
0.11% |
Cayman Islands |
0.11% |
Cameroon |
0.10% |
Macau |
0.10% |
Ecuador |
0.10% |
Sri Lanka |
0.09% |
Guatemala |
0.08% |
Peru |
0.07% |
Denmark |
0.07% |
Hong Kong |
0.06% |
El Salvador |
0.06% |
Kenya |
0.06% |
Mozambique |
0.06% |
Nigeria |
0.05% |
Jordan |
0.05% |
Chile |
0.05% |
Lebanon |
0.04% |
Finland |
0.04% |
Ethiopia |
0.04% |
Norway |
0.02% |
Iraq |
0.02% |
Serbia |
0.02% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
101.37% |
Brazilian Real |
2.60% |
Russian Rubles |
2.48% |
New Turkish Lira |
1.63% |
Indian Rupee |
1.50% |
Colombian Peso |
1.26% |
Indonesian Rupiah |
0.97% |
Argentine Peso |
0.81% |
Chilean Peso |
0.50% |
Dominican Peso |
0.50% |
Peruvian Sol |
0.25% |
Hong Kong Dollar |
0.02% |
Norwegian Krone |
0.02% |
Great British Pound |
-0.02% |
Swedish Krona |
-0.05% |
Singapore Dollar |
-0.48% |
Mexican Peso |
-0.51% |
Japanese Yen |
-0.69% |
South Korean Won |
-1.30% |
Taiwan New Dollar |
-1.30% |
Australian Dollar |
-1.45% |
New Zealand Dollar |
-1.50% |
Euro |
-1.81% |
Chinese Yuan Renminbi |
-2.29% |
Canadian Dollar |
-2.51% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
10.21% |
AA |
0.75% |
A |
2.09% |
BBB |
14.51% |
BB |
28.63% |
B |
26.09% |
CCC |
8.70% |
CC |
1.30% |
C |
0.45% |
D |
1.17% |
Not Rated |
7.81% |
Short Term Investments |
4.82% |
Reverse Repurchase Agreements |
-8.39% |
N/A |
1.86% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
4.86% |
1 to 5 years |
40.35% |
5 to 10 years |
38.05% |
10 to 20 years |
8.98% |
20 to 30 years |
5.34% |
More Than 30 years |
1.61% |
Other |
0.81% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.14% |
Average Bond Price: |
98.71 |
Percentage of Leverage (based on gross assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
27.12% |
Preferred stock: |
0.00% |
Tender Option Bonds: |
0.00% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
27.12% |
Average Maturity: |
7.42 Years |
Effective Duration: |
5.16 Years |
Total Net Assets: |
$1,147.92 Million |
Net Asset Value: |
$13.31 |
Number of Holdings: |
1203 |
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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