AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, April 24, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of March 31, 2017.
AB Global High Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|||||||
1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
3.86% |
|||||||
2) U.S. Treasury Notes 0.875%, 4/15/19 |
3.57% |
|||||||
3) U.S. Treasury Bonds 8.125%, 5/15/21 |
2.74% |
|||||||
4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 |
1.15% |
|||||||
5) U.S. Treasury Notes 2.25%, 11/15/25 - 2/15/27 |
1.07% |
|||||||
6) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.92% |
|||||||
7) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.161%, 1/25/37 |
0.73% |
|||||||
8) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 |
0.70% |
|||||||
9) Argentine Bonos del Tesoro 18.20%, 10/03/21 |
0.65% |
|||||||
10) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.62% |
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Investment Type |
Portfolio % |
|||||||
Corporates - Non-Investment Grade |
||||||||
Industrial |
||||||||
Consumer Non-Cyclical |
5.80% |
|||||||
Communications - Media |
4.59% |
|||||||
Energy |
4.17% |
|||||||
Communications - Telecommunications |
3.22% |
|||||||
Basic |
2.92% |
|||||||
Consumer Cyclical - Other |
2.66% |
|||||||
Capital Goods |
2.38% |
|||||||
Technology |
2.00% |
|||||||
Consumer Cyclical - Automotive |
1.66% |
|||||||
Consumer Cyclical - Retailers |
1.35% |
|||||||
Services |
1.00% |
|||||||
Transportation - Services |
0.72% |
|||||||
Other Industrial |
0.44% |
|||||||
Consumer Cyclical - Entertainment |
0.34% |
|||||||
Consumer Cyclical - Restaurants |
0.20% |
|||||||
Transportation - Airlines |
0.10% |
|||||||
SUBTOTAL |
33.55% |
|||||||
Financial Institutions |
||||||||
Banking |
2.82% |
|||||||
Finance |
0.89% |
|||||||
Other Finance |
0.37% |
|||||||
Insurance |
0.35% |
|||||||
Brokerage |
0.14% |
|||||||
REITS |
0.04% |
|||||||
SUBTOTAL |
4.61% |
|||||||
Credit Default Swaps |
1.62% |
|||||||
SUBTOTAL |
1.62% |
|||||||
Utility |
||||||||
Electric |
1.22% |
|||||||
SUBTOTAL |
1.22% |
|||||||
SUBTOTAL |
41.00% |
|||||||
Global Governments |
14.91% |
|||||||
Collateralized Mortgage Obligations |
||||||||
Risk Share Floating Rate |
9.15% |
|||||||
Non-Agency Fixed Rate |
1.92% |
|||||||
Non-Agency Floating Rate |
1.14% |
|||||||
SUBTOTAL |
12.21% |
|||||||
Interest Rate Futures |
8.88% |
|||||||
Corporates - Investment Grade |
||||||||
Industrial |
||||||||
Basic |
1.02% |
|||||||
Energy |
0.70% |
|||||||
Technology |
0.61% |
|||||||
Communications - Telecommunications |
0.48% |
|||||||
Capital Goods |
0.41% |
|||||||
Communications - Media |
0.39% |
|||||||
Consumer Cyclical - Automotive |
0.15% |
|||||||
Transportation - Airlines |
0.08% |
|||||||
Consumer Non-Cyclical |
0.03% |
|||||||
Other Industrial |
0.03% |
|||||||
Consumer Cyclical - Other |
0.01% |
|||||||
SUBTOTAL |
3.91% |
|||||||
Financial Institutions |
||||||||
Banking |
1.28% |
|||||||
Insurance |
1.19% |
|||||||
REITS |
0.47% |
|||||||
Brokerage |
0.16% |
|||||||
Finance |
0.07% |
|||||||
SUBTOTAL |
3.17% |
|||||||
Credit Default Swaps |
0.93% |
|||||||
SUBTOTAL |
0.93% |
|||||||
Utility |
||||||||
Electric |
0.30% |
|||||||
Natural Gas |
0.11% |
|||||||
SUBTOTAL |
0.41% |
|||||||
SUBTOTAL |
8.42% |
|||||||
Commercial Mortgage-Backed Securities |
||||||||
Credit Default Swaps |
3.95% |
|||||||
Non-Agency Fixed Rate CMBS |
3.09% |
|||||||
Non-Agency Floating Rate CMBS |
0.03% |
|||||||
SUBTOTAL |
7.07% |
|||||||
Emerging Markets - Treasuries |
6.50% |
|||||||
Emerging Markets - Sovereigns |
5.78% |
|||||||
Total Return Swaps |
4.87% |
|||||||
Interest Rate Swaps |
4.40% |
|||||||
Bank Loans |
||||||||
Industrial |
||||||||
Technology |
0.75% |
|||||||
Consumer Non-Cyclical |
0.54% |
|||||||
Other Industrial |
0.43% |
|||||||
Consumer Cyclical - Other |
0.37% |
|||||||
Capital Goods |
0.31% |
|||||||
Energy |
0.29% |
|||||||
Consumer Cyclical - Retailers |
0.28% |
|||||||
Consumer Cyclical - Entertainment |
0.19% |
|||||||
Consumer Cyclical - Automotive |
0.07% |
|||||||
Basic |
0.05% |
|||||||
SUBTOTAL |
3.28% |
|||||||
Utility |
||||||||
Electric |
0.17% |
|||||||
SUBTOTAL |
0.17% |
|||||||
Financial Institutions |
||||||||
Insurance |
0.04% |
|||||||
SUBTOTAL |
0.04% |
|||||||
SUBTOTAL |
3.49% |
|||||||
Emerging Markets - Corporate Bonds |
||||||||
Industrial |
||||||||
Consumer Non-Cyclical |
0.48% |
|||||||
Communications - Telecommunications |
0.42% |
|||||||
Basic |
0.36% |
|||||||
Transportation - Airlines |
0.26% |
|||||||
Capital Goods |
0.20% |
|||||||
Transportation - Services |
0.14% |
|||||||
Consumer Cyclical - Retailers |
0.03% |
|||||||
SUBTOTAL |
1.89% |
|||||||
Non Corporate Sectors |
||||||||
Treasuries |
0.30% |
|||||||
SUBTOTAL |
0.30% |
|||||||
Financial Institutions |
||||||||
Finance |
0.11% |
|||||||
Banking |
0.06% |
|||||||
SUBTOTAL |
0.17% |
|||||||
SUBTOTAL |
2.36% |
|||||||
Preferred Stocks |
||||||||
Industrial |
0.84% |
|||||||
Financial Institutions |
0.67% |
|||||||
Utility |
0.03% |
|||||||
SUBTOTAL |
1.54% |
|||||||
Asset-Backed Securities |
||||||||
Home Equity Loans - Fixed Rate |
0.51% |
|||||||
Home Equity Loans - Floating Rate |
0.21% |
|||||||
Other ABS - Fixed Rate |
0.16% |
|||||||
Other ABS - Floating Rate |
0.16% |
|||||||
Autos - Fixed Rate |
0.06% |
|||||||
SUBTOTAL |
1.10% |
|||||||
Governments - Sovereign Agencies |
1.08% |
|||||||
Common Stocks |
0.96% |
|||||||
Inflation-Linked Securities |
0.75% |
|||||||
Whole Loan Trusts |
||||||||
Performing Asset |
0.69% |
|||||||
SUBTOTAL |
0.69% |
|||||||
Quasi-Sovereigns |
||||||||
Quasi-Sovereign Bonds |
0.48% |
|||||||
SUBTOTAL |
0.48% |
|||||||
Local Governments - Municipal Bonds |
0.45% |
|||||||
Local Governments - Regional Bonds |
0.39% |
|||||||
Options Purchased - Calls |
||||||||
Options on Forward Contracts |
0.32% |
|||||||
SUBTOTAL |
0.32% |
|||||||
Equity Futures |
||||||||
Equity Index Futures |
0.27% |
|||||||
SUBTOTAL |
0.27% |
|||||||
Investment Companies |
||||||||
Funds and Investment Trusts |
0.16% |
|||||||
SUBTOTAL |
0.16% |
|||||||
Warrants |
0.04% |
|||||||
Options Purchased - Puts |
||||||||
Options on Forward Contracts |
0.01% |
|||||||
SUBTOTAL |
0.01% |
|||||||
Currency Instruments |
||||||||
Forward Currency Exchange Contracts |
-0.04% |
|||||||
SUBTOTAL |
-0.04% |
|||||||
Put Options Written |
-0.07% |
|||||||
Call Options Written |
-0.26% |
|||||||
Reverse Repurchase Agreements |
-7.64% |
|||||||
Net Cash Equivalents |
||||||||
Investment Companies |
3.06% |
|||||||
Cash |
1.52% |
|||||||
Emerging Markets - Treasuries |
0.35% |
|||||||
Foreign Currency |
0.02% |
|||||||
SUBTOTAL |
4.95% |
|||||||
Derivative Offsets |
||||||||
Futures Offsets |
-9.13% |
|||||||
Swaps Offsets |
-15.94% |
|||||||
SUBTOTAL |
-25.07% |
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Total |
100.00% |
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Country Breakdown |
Portfolio % |
|||||||
United States |
65.16% |
|||||||
Brazil |
5.90% |
|||||||
Argentina |
3.08% |
|||||||
United Kingdom |
2.79% |
|||||||
Canada |
2.19% |
|||||||
Luxembourg |
1.52% |
|||||||
Mexico |
1.50% |
|||||||
Indonesia |
1.34% |
|||||||
South Africa |
1.34% |
|||||||
Turkey |
1.32% |
|||||||
France |
1.27% |
|||||||
Dominican Republic |
1.21% |
|||||||
Colombia |
0.90% |
|||||||
Russia |
0.81% |
|||||||
Switzerland |
0.80% |
|||||||
Ireland |
0.79% |
|||||||
Italy |
0.71% |
|||||||
Ivory Coast |
0.57% |
|||||||
Egypt |
0.57% |
|||||||
Spain |
0.46% |
|||||||
Netherlands |
0.38% |
|||||||
Venezuela |
0.37% |
|||||||
Jamaica |
0.36% |
|||||||
Croatia |
0.34% |
|||||||
Germany |
0.32% |
|||||||
United Arab Emirates |
0.30% |
|||||||
India |
0.28% |
|||||||
Gabon |
0.24% |
|||||||
Angola |
0.20% |
|||||||
Barbados |
0.20% |
|||||||
Mongolia |
0.18% |
|||||||
Honduras |
0.17% |
|||||||
Bermuda |
0.17% |
|||||||
Trinidad & Tobago |
0.17% |
|||||||
Macau |
0.16% |
|||||||
Guatemala |
0.16% |
|||||||
Zambia |
0.15% |
|||||||
Norway |
0.14% |
|||||||
Pakistan |
0.12% |
|||||||
Australia |
0.12% |
|||||||
Bahamas |
0.12% |
|||||||
Cayman Islands |
0.11% |
|||||||
Cameroon |
0.11% |
|||||||
Bahrain |
0.10% |
|||||||
Ecuador |
0.10% |
|||||||
Sri Lanka |
0.09% |
|||||||
Nigeria |
0.09% |
|||||||
Peru |
0.07% |
|||||||
New Zealand |
0.06% |
|||||||
El Salvador |
0.06% |
|||||||
Kenya |
0.06% |
|||||||
Jordan |
0.05% |
|||||||
Lebanon |
0.05% |
|||||||
Finland |
0.04% |
|||||||
Ethiopia |
0.04% |
|||||||
Chile |
0.04% |
|||||||
Iraq |
0.02% |
|||||||
Serbia |
0.02% |
|||||||
Portugal |
0.01% |
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Total Investments |
100.00% |
|||||||
Net Currency Exposure Breakdown |
Portfolio % |
|||||||
United States Dollar |
98.93% |
|||||||
Indian Rupee |
2.08% |
|||||||
Colombian Peso |
1.77% |
|||||||
Argentine Peso |
1.74% |
|||||||
Indonesian Rupiah |
1.47% |
|||||||
Brazilian Real |
1.23% |
|||||||
New Turkish Lira |
1.00% |
|||||||
South African Rand |
0.88% |
|||||||
Russian Rubles |
0.79% |
|||||||
Chilean Peso |
0.49% |
|||||||
Dominican Peso |
0.47% |
|||||||
Egypt Pound |
0.35% |
|||||||
Peruvian Sol |
0.25% |
|||||||
Chinese Yuan Renminbi (Offshore) |
0.17% |
|||||||
Canadian Dollar |
0.12% |
|||||||
Hong Kong Dollar |
0.02% |
|||||||
Swedish Krona |
-0.05% |
|||||||
Taiwan New Dollar |
-0.51% |
|||||||
Japanese Yen |
-0.52% |
|||||||
Swiss Franc |
-0.90% |
|||||||
Norwegian Krone |
-0.99% |
|||||||
Great British Pound |
-1.05% |
|||||||
Mexican Peso |
-1.26% |
|||||||
New Zealand Dollar |
-1.47% |
|||||||
Euro |
-1.50% |
|||||||
Australian Dollar |
-1.51% |
|||||||
Chinese Yuan Renminbi |
-2.00% |
|||||||
Total Net Assets |
100.00% |
|||||||
Credit Rating |
Portfolio % |
|||||||
AAA |
11.33% |
|||||||
AA |
0.69% |
|||||||
A |
2.54% |
|||||||
BBB |
15.40% |
|||||||
BB |
30.32% |
|||||||
B |
24.35% |
|||||||
CCC |
7.34% |
|||||||
CC |
1.13% |
|||||||
C |
0.04% |
|||||||
D |
0.81% |
|||||||
Not Rated |
7.42% |
|||||||
Short Term Investments |
3.41% |
|||||||
Reverse Repurchase Agreements |
-7.64% |
|||||||
N/A |
2.86% |
|||||||
Total |
100.00% |
|||||||
Bonds By Maturity |
Portfolio % |
|||||||
Less than 1 year |
4.70% |
|||||||
1 to 5 years |
38.58% |
|||||||
5 to 10 years |
40.38% |
|||||||
10 to 20 years |
8.50% |
|||||||
20 to 30 years |
5.37% |
|||||||
More Than 30 years |
1.47% |
|||||||
Other |
1.00% |
|||||||
Total Net Assets |
100.00% |
|||||||
Portfolio Statistics: |
||||||||
Average Coupon: |
7.99% |
|||||||
Average Bond Price: |
102.54 |
|||||||
Percentage of Leverage(based on gross assets): |
||||||||
Bank Borrowing: |
0.00% |
|||||||
Investment Operations: |
49.21% |
|||||||
Preferred stock: |
0.00% |
|||||||
Tender Option Bonds: |
0.00% |
|||||||
VMTP Shares: |
0.00% |
|||||||
Total Fund Leverage: |
49.21% |
|||||||
Average Maturity: |
8.30 Years |
|||||||
Effective Duration: |
5.73 Years |
|||||||
Total Net Assets: |
$1,195.92 Million |
|||||||
Net Asset Value: |
$13.87 |
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Number of Holdings: |
1254 |
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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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