AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 23, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2016.
AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) U.S. Treasury Notes 0.875%, 4/15/19 |
3.67% |
|
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
2.97% |
|
3) U.S. Treasury Bonds 8.125%, 5/15/21 |
2.85% |
|
4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 |
1.03% |
|
5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.936%, 1/25/37 |
0.78% |
|
6) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.63% |
|
7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.55% |
|
8) Dominican Republic International Bond 16.00%, 7/10/20 |
0.50% |
|
9) Russian Federal Bond - OFZ Series 6217 7.50%, 8/18/21 |
0.49% |
|
10) Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series |
0.47% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
||
Consumer Non-Cyclical |
6.16% |
|
Energy |
5.30% |
|
Communications - Media |
5.12% |
|
Communications - Telecommunications |
3.64% |
|
Basic |
3.44% |
|
Consumer Cyclical - Other |
3.16% |
|
Capital Goods |
3.01% |
|
Technology |
2.44% |
|
Consumer Cyclical - Automotive |
2.03% |
|
Consumer Cyclical - Retailers |
1.67% |
|
Services |
1.05% |
|
Transportation - Services |
0.80% |
|
Other Industrial |
0.69% |
|
Consumer Cyclical - Entertainment |
0.50% |
|
Consumer Cyclical - Restaurants |
0.29% |
|
Transportation - Airlines |
0.11% |
|
SUBTOTAL |
39.41% |
|
Financial Institutions |
||
Banking |
3.05% |
|
Finance |
1.03% |
|
Other Finance |
0.58% |
|
Insurance |
0.35% |
|
REITS |
0.04% |
|
Brokerage |
0.01% |
|
SUBTOTAL |
5.06% |
|
Utility |
||
Electric |
1.31% |
|
SUBTOTAL |
1.31% |
|
Credit Default Swaps |
-1.67% |
|
SUBTOTAL |
-1.67% |
|
SUBTOTAL |
44.11% |
|
Interest Rate Futures |
15.03% |
|
Global Governments |
13.15% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
9.06% |
|
Non-Agency Fixed Rate |
2.57% |
|
Non-Agency Floating Rate |
1.20% |
|
Agency Floating Rate |
0.06% |
|
SUBTOTAL |
12.89% |
|
Corporates - Investment Grade |
||
Industrial |
||
Basic |
1.21% |
|
Energy |
0.76% |
|
Technology |
0.65% |
|
Capital Goods |
0.41% |
|
Communications - Telecommunications |
0.30% |
|
Consumer Non-Cyclical |
0.29% |
|
Communications - Media |
0.26% |
|
Transportation - Airlines |
0.16% |
|
Consumer Cyclical - Automotive |
0.15% |
|
Other Industrial |
0.03% |
|
Consumer Cyclical - Other |
0.01% |
|
SUBTOTAL |
4.23% |
|
Financial Institutions |
||
Insurance |
1.23% |
|
Banking |
0.99% |
|
REITS |
0.48% |
|
Brokerage |
0.17% |
|
Finance |
0.12% |
|
SUBTOTAL |
2.99% |
|
Credit Default Swaps |
0.93% |
|
SUBTOTAL |
0.93% |
|
Utility |
||
Electric |
0.47% |
|
Natural Gas |
0.11% |
|
SUBTOTAL |
0.58% |
|
SUBTOTAL |
8.73% |
|
Commercial Mortgage-Backed Securities |
||
Credit Default Swaps |
4.06% |
|
Non-Agency Fixed Rate CMBS |
3.29% |
|
Non-Agency Floating Rate CMBS |
0.20% |
|
SUBTOTAL |
7.55% |
|
Total Return Swaps |
6.45% |
|
Interest Rate Swaps |
6.37% |
|
Emerging Markets - Sovereigns |
4.94% |
|
Bank Loans |
||
Industrial |
||
Technology |
0.85% |
|
Consumer Non-Cyclical |
0.62% |
|
Consumer Cyclical - Retailers |
0.57% |
|
Other Industrial |
0.44% |
|
Consumer Cyclical - Other |
0.43% |
|
Energy |
0.37% |
|
Capital Goods |
0.23% |
|
Consumer Cyclical - Entertainment |
0.19% |
|
Basic |
0.15% |
|
Consumer Cyclical - Automotive |
0.08% |
|
SUBTOTAL |
3.93% |
|
Utility |
||
Electric |
0.17% |
|
SUBTOTAL |
0.17% |
|
Financial Institutions |
||
Insurance |
0.04% |
|
SUBTOTAL |
0.04% |
|
SUBTOTAL |
4.14% |
|
Emerging Markets - Treasuries |
3.88% |
|
Emerging Markets - Corporate Bonds |
||
Industrial |
||
Communications - Telecommunications |
0.42% |
|
Consumer Non-Cyclical |
0.39% |
|
Capital Goods |
0.33% |
|
Transportation - Airlines |
0.27% |
|
Basic |
0.19% |
|
Consumer Cyclical - Retailers |
0.02% |
|
SUBTOTAL |
1.62% |
|
Financial Institutions |
||
Finance |
0.11% |
|
SUBTOTAL |
0.11% |
|
SUBTOTAL |
1.73% |
|
Asset-Backed Securities |
||
Home Equity Loans - Fixed Rate |
0.56% |
|
Home Equity Loans - Floating Rate |
0.22% |
|
Other ABS - Fixed Rate |
0.17% |
|
Other ABS - Floating Rate |
0.15% |
|
Autos - Fixed Rate |
0.06% |
|
SUBTOTAL |
1.16% |
|
Governments - Sovereign Agencies |
1.12% |
|
Preferred Stocks |
||
Industrial |
0.58% |
|
Financial Institutions |
0.47% |
|
Utility |
0.03% |
|
SUBTOTAL |
1.08% |
|
Whole Loan Trusts |
||
Performing Asset |
0.76% |
|
SUBTOTAL |
0.76% |
|
Common Stocks |
0.60% |
|
Inflation-Linked Securities |
0.50% |
|
Currency Instruments |
||
Forward Currency Exchange Contracts |
0.47% |
|
SUBTOTAL |
0.47% |
|
Local Governments - Municipal Bonds |
0.47% |
|
Quasi-Sovereigns |
||
Quasi-Sovereign Bonds |
0.43% |
|
SUBTOTAL |
0.43% |
|
Local Governments - Regional Bonds |
0.40% |
|
Equity Futures |
||
Equity Index Futures |
0.26% |
|
SUBTOTAL |
0.26% |
|
Investment Companies |
||
Funds and Investment Trusts |
0.16% |
|
SUBTOTAL |
0.16% |
|
Warrants |
0.07% |
|
Options Purchased - Calls |
||
Options on Forward Contracts |
0.04% |
|
SUBTOTAL |
0.04% |
|
Options Purchased - Puts |
||
Options on Equities |
0.03% |
|
SUBTOTAL |
0.03% |
|
Call Options Written |
-0.01% |
|
Swaptions |
-0.02% |
|
Put Options Written |
-0.09% |
|
Reverse Repurchase Agreements |
-8.22% |
|
Net Cash Equivalents |
||
Investment Companies |
2.39% |
|
Cash |
0.68% |
|
Foreign Currency |
-0.01% |
|
SUBTOTAL |
3.06% |
|
Derivative Offsets |
||
Futures Offsets |
-15.30% |
|
Swaps Offsets |
-15.94% |
|
SUBTOTAL |
-31.24% |
|
Total |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
68.69% |
|
Brazil |
4.94% |
|
United Kingdom |
2.74% |
|
Canada |
2.43% |
|
France |
1.39% |
|
Argentina |
1.34% |
|
Luxembourg |
1.32% |
|
Mexico |
1.23% |
|
Indonesia |
1.19% |
|
South Africa |
1.17% |
|
Dominican Republic |
1.09% |
|
Ireland |
1.08% |
|
Colombia |
0.87% |
|
Switzerland |
0.81% |
|
Netherlands |
0.81% |
|
Italy |
0.73% |
|
Russia |
0.73% |
|
Turkey |
0.64% |
|
Ivory Coast |
0.59% |
|
United Arab Emirates |
0.54% |
|
Spain |
0.52% |
|
Venezuela |
0.51% |
|
Germany |
0.45% |
|
Jamaica |
0.36% |
|
Croatia |
0.35% |
|
Gabon |
0.23% |
|
Angola |
0.21% |
|
Barbados |
0.20% |
|
Portugal |
0.18% |
|
New Zealand |
0.17% |
|
Hong Kong |
0.17% |
|
Trinidad & Tobago |
0.17% |
|
Mongolia |
0.17% |
|
Ecuador |
0.16% |
|
Macau |
0.16% |
|
Australia |
0.16% |
|
Zambia |
0.14% |
|
Pakistan |
0.13% |
|
Ghana |
0.12% |
|
India |
0.11% |
|
Cayman Islands |
0.11% |
|
Cameroon |
0.11% |
|
Sri Lanka |
0.09% |
|
Guatemala |
0.08% |
|
Peru |
0.08% |
|
Denmark |
0.07% |
|
El Salvador |
0.06% |
|
Kenya |
0.06% |
|
Nigeria |
0.05% |
|
Jordan |
0.05% |
|
Lebanon |
0.05% |
|
Chile |
0.05% |
|
Finland |
0.04% |
|
Ethiopia |
0.04% |
|
Iraq |
0.02% |
|
Norway |
0.02% |
|
Serbia |
0.02% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
98.43% |
|
Brazilian Real |
2.74% |
|
Russian Rubles |
2.57% |
|
Colombian Peso |
1.72% |
|
Indonesian Rupiah |
1.45% |
|
South African Rand |
1.32% |
|
Argentine Peso |
0.89% |
|
Dominican Peso |
0.50% |
|
Chilean Peso |
0.49% |
|
Canadian Dollar |
0.34% |
|
Peruvian Sol |
0.25% |
|
Hong Kong Dollar |
0.03% |
|
Norwegian Krone |
0.01% |
|
New Turkish Lira |
0.01% |
|
Great British Pound |
-0.01% |
|
Japanese Yen |
-0.01% |
|
Mexican Peso |
-0.05% |
|
Swedish Krona |
-0.05% |
|
Singapore Dollar |
-0.47% |
|
Australian Dollar |
-0.96% |
|
Chinese Yuan Renminbi (Offshore) |
-0.99% |
|
Swiss Franc |
-1.00% |
|
Euro |
-1.33% |
|
New Zealand Dollar |
-1.45% |
|
Taiwan New Dollar |
-1.73% |
|
Chinese Yuan Renminbi |
-2.70% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
9.96% |
|
AA |
0.71% |
|
A |
2.00% |
|
BBB |
16.22% |
|
BB |
28.83% |
|
B |
26.99% |
|
CCC |
7.67% |
|
CC |
1.56% |
|
C |
0.37% |
|
D |
1.17% |
|
Not Rated |
7.84% |
|
Short Term Investments |
2.39% |
|
Reverse Repurchase Agreements |
-8.22% |
|
N/A |
2.51% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
3.81% |
|
1 to 5 years |
40.60% |
|
5 to 10 years |
38.77% |
|
10 to 20 years |
9.28% |
|
20 to 30 years |
5.23% |
|
More Than 30 years |
1.65% |
|
Other |
0.66% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
||
Average Coupon: |
7.60% |
|
Average Bond Price: |
99.51 |
|
Percentage of Leverage(based on gross assets): |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
34.50% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
34.50% |
|
Average Maturity: |
8.00 Years |
|
Effective Duration: |
5.75 Years |
|
Total Net Assets: |
$1,161.97 Million |
|
Net Asset Value: |
$13.47 |
|
Number of Holdings: |
1293 |
|
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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