AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 27, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 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 |
3.71% |
|
2) U.S. Treasury Notes 0.875%, 4/15/19 |
3.53% |
|
3) U.S. Treasury Bonds 8.125%, 5/15/21 |
1.03% |
|
4) Mexican Bonos Series M 20 10.00%, 12/05/24 |
1.02% |
|
5) Turkey Government Bond 11.00%, 2/24/27 |
1.01% |
|
6) U.S. Treasury Notes 2.25%, 11/15/25 - 2/15/27 |
0.98% |
|
7) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.91% |
|
8) Mexican Bonos Series M 6.50%, 6/10/21 |
0.82% |
|
9) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 |
0.78% |
|
10) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.417%, 1/25/37 |
0.69% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
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Industrial |
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Energy |
5.00% |
|
Communications - Media |
4.41% |
|
Consumer Non-Cyclical |
3.78% |
|
Basic |
3.28% |
|
Consumer Cyclical - Other |
2.85% |
|
Communications - Telecommunications |
2.85% |
|
Capital Goods |
2.00% |
|
Technology |
1.65% |
|
Services |
1.57% |
|
Transportation - Services |
1.10% |
|
Other Industrial |
1.07% |
|
Consumer Cyclical - Automotive |
1.02% |
|
Consumer Cyclical - Retailers |
0.97% |
|
Consumer Cyclical - Entertainment |
0.22% |
|
Consumer Cyclical - Restaurants |
0.15% |
|
Transportation - Airlines |
0.10% |
|
SUBTOTAL |
32.02% |
|
Financial Institutions |
||
Banking |
4.04% |
|
Finance |
1.02% |
|
Insurance |
0.39% |
|
Other Finance |
0.36% |
|
Brokerage |
0.14% |
|
REITS |
0.05% |
|
SUBTOTAL |
6.00% |
|
Credit Default Swaps |
1.97% |
|
SUBTOTAL |
1.97% |
|
Utility |
||
Electric |
1.21% |
|
Natural Gas |
0.02% |
|
SUBTOTAL |
1.23% |
|
SUBTOTAL |
41.22% |
|
Global Governments |
15.06% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
9.15% |
|
Non-Agency Fixed Rate |
1.75% |
|
Non-Agency Floating Rate |
1.11% |
|
SUBTOTAL |
12.01% |
|
Interest Rate Futures |
8.25% |
|
Corporates - Investment Grade |
||
Industrial |
||
Basic |
0.97% |
|
Technology |
0.56% |
|
Energy |
0.52% |
|
Communications - Telecommunications |
0.50% |
|
Communications - Media |
0.40% |
|
Consumer Cyclical - Automotive |
0.28% |
|
Capital Goods |
0.26% |
|
Consumer Non-Cyclical |
0.17% |
|
Consumer Cyclical - Other |
0.08% |
|
Services |
0.06% |
|
Transportation - Airlines |
0.06% |
|
SUBTOTAL |
3.86% |
|
Financial Institutions |
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Banking |
1.55% |
|
Insurance |
1.04% |
|
REITS |
0.60% |
|
Brokerage |
0.09% |
|
SUBTOTAL |
3.28% |
|
Credit Default Swaps |
0.92% |
|
SUBTOTAL |
0.92% |
|
Utility |
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Electric |
0.12% |
|
SUBTOTAL |
0.12% |
|
SUBTOTAL |
8.18% |
|
Emerging Markets - Treasuries |
7.81% |
|
Emerging Markets - Sovereigns |
7.05% |
|
Commercial Mortgage-Backed Securities |
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Credit Default Swaps |
4.00% |
|
Non-Agency Fixed Rate CMBS |
2.20% |
|
Non-Agency Floating Rate CMBS |
0.16% |
|
SUBTOTAL |
6.36% |
|
Interest Rate Swaps |
4.74% |
|
Total Return Swaps |
3.81% |
|
Emerging Markets - Corporate Bonds |
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Industrial |
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Energy |
1.02% |
|
Basic |
0.74% |
|
Consumer Non-Cyclical |
0.50% |
|
Communications - Telecommunications |
0.43% |
|
Capital Goods |
0.27% |
|
Consumer Cyclical - Other |
0.16% |
|
Transportation - Services |
0.15% |
|
Consumer Cyclical - Retailers |
0.07% |
|
Technology |
0.05% |
|
Transportation - Airlines |
0.04% |
|
Other Industrial |
0.04% |
|
SUBTOTAL |
3.47% |
|
Financial Institutions |
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Banking |
0.29% |
|
Finance |
0.05% |
|
SUBTOTAL |
0.34% |
|
SUBTOTAL |
3.81% |
|
Bank Loans |
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Industrial |
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Technology |
0.59% |
|
Consumer Non-Cyclical |
0.58% |
|
Consumer Cyclical - Retailers |
0.40% |
|
Consumer Cyclical - Other |
0.33% |
|
Capital Goods |
0.31% |
|
Energy |
0.24% |
|
Other Industrial |
0.19% |
|
Communications - Telecommunications |
0.13% |
|
Services |
0.09% |
|
Consumer Cyclical - Entertainment |
0.08% |
|
Basic |
0.08% |
|
Consumer Cyclical - Automotive |
0.07% |
|
SUBTOTAL |
3.09% |
|
SUBTOTAL |
3.09% |
|
Common Stocks |
1.39% |
|
Asset-Backed Securities |
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Home Equity Loans - Fixed Rate |
0.65% |
|
Other ABS - Fixed Rate |
0.63% |
|
Autos - Fixed Rate |
0.06% |
|
Home Equity Loans - Floating Rate |
0.03% |
|
SUBTOTAL |
1.37% |
|
Preferred Stocks |
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Industrial |
0.75% |
|
Financial Institutions |
0.30% |
|
Utility |
0.03% |
|
SUBTOTAL |
1.08% |
|
Inflation-Linked Securities |
0.76% |
|
Local Governments - Regional Bonds |
0.53% |
|
Whole Loan Trusts |
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Performing Asset |
0.49% |
|
SUBTOTAL |
0.49% |
|
Local Governments - US Municipal Bonds |
0.46% |
|
Equity Futures |
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Equity Index Futures |
0.32% |
|
SUBTOTAL |
0.32% |
|
Quasi-Sovereigns |
||
Quasi-Sovereign Bonds |
0.27% |
|
SUBTOTAL |
0.27% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
0.24% |
|
SUBTOTAL |
0.24% |
|
Investment Companies |
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Funds and Investment Trusts |
0.17% |
|
SUBTOTAL |
0.17% |
|
Collateralized Loan Obligations |
||
CLO - Floating Rate |
0.11% |
|
SUBTOTAL |
0.11% |
|
Warrants |
0.03% |
|
Options Purchased - Calls |
||
Options on Forward Contracts |
0.01% |
|
SUBTOTAL |
0.01% |
|
Options Purchased - Puts |
||
Options on Forward Contracts |
0.01% |
|
SUBTOTAL |
0.01% |
|
Call Options Written |
-0.01% |
|
Put Options Written |
-0.33% |
|
Reverse Repurchase Agreements |
-5.02% |
|
Net Cash Equivalents |
||
Investment Companies |
0.90% |
|
Emerging Markets - Sovereigns |
0.48% |
|
Governments - Treasuries |
0.23% |
|
Cash |
-0.29% |
|
SUBTOTAL |
1.32% |
|
Derivative Offsets |
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Futures Offsets |
-8.62% |
|
Swaps Offsets |
-15.97% |
|
SUBTOTAL |
-24.59% |
|
Total |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
60.49% |
|
Brazil |
5.47% |
|
Mexico |
3.49% |
|
Argentina |
3.21% |
|
United Kingdom |
2.84% |
|
Turkey |
2.54% |
|
Indonesia |
1.64% |
|
Luxembourg |
1.56% |
|
Canada |
1.43% |
|
Dominican Republic |
1.23% |
|
France |
1.19% |
|
Italy |
1.12% |
|
Ireland |
1.06% |
|
Egypt |
0.92% |
|
Colombia |
0.81% |
|
Switzerland |
0.79% |
|
Russia |
0.77% |
|
Spain |
0.69% |
|
South Africa |
0.60% |
|
Sri Lanka |
0.59% |
|
Ivory Coast |
0.52% |
|
Netherlands |
0.50% |
|
Ukraine |
0.47% |
|
Malaysia |
0.44% |
|
Cayman Islands |
0.39% |
|
Jamaica |
0.39% |
|
India |
0.35% |
|
Germany |
0.33% |
|
United Arab Emirates |
0.30% |
|
Zambia |
0.28% |
|
Venezuela |
0.27% |
|
Ecuador |
0.27% |
|
Gabon |
0.24% |
|
Mongolia |
0.19% |
|
Norway |
0.17% |
|
Angola |
0.17% |
|
Guatemala |
0.16% |
|
Sweden |
0.14% |
|
Bahrain |
0.14% |
|
El Salvador |
0.14% |
|
Trinidad & Tobago |
0.13% |
|
Israel |
0.12% |
|
Senegal |
0.12% |
|
Pakistan |
0.12% |
|
Uruguay |
0.12% |
|
Cameroon |
0.11% |
|
Macau |
0.11% |
|
Nigeria |
0.09% |
|
Honduras |
0.09% |
|
Peru |
0.08% |
|
New Zealand |
0.06% |
|
Australia |
0.06% |
|
Kenya |
0.06% |
|
Iraq |
0.05% |
|
Jordan |
0.05% |
|
Finland |
0.05% |
|
Ethiopia |
0.05% |
|
China |
0.04% |
|
Lebanon |
0.04% |
|
Hong Kong |
0.04% |
|
Chile |
0.04% |
|
Jersey (Channel Islands) |
0.02% |
|
Belarus |
0.02% |
|
Serbia |
0.02% |
|
Portugal |
0.01% |
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Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
99.26% |
|
Brazilian Real |
2.34% |
|
Indonesian Rupiah |
1.96% |
|
Argentine Peso |
1.65% |
|
Norwegian Krone |
1.56% |
|
Polish Zloty |
1.52% |
|
Mexican Peso |
1.12% |
|
Hungarian Forint |
1.01% |
|
Russian Rubles |
1.00% |
|
New Turkish Lira |
0.86% |
|
Egypt Pound |
0.71% |
|
Euro |
0.65% |
|
Dominican Peso |
0.47% |
|
Malaysian Ringgit |
0.47% |
|
Sri Lankan Rupee |
0.46% |
|
Colombian Peso |
0.42% |
|
Peruvian Sol |
0.25% |
|
Uruguayan Peso |
0.12% |
|
Indian Rupee |
0.01% |
|
Australian Dollar |
-0.06% |
|
South African Rand |
-0.51% |
|
Swedish Krona |
-0.53% |
|
New Zealand Dollar |
-0.55% |
|
Canadian Dollar |
-0.63% |
|
Chinese Yuan Renminbi (Offshore) |
-1.00% |
|
Taiwan New Dollar |
-1.01% |
|
Great British Pound |
-1.95% |
|
Israeli New Shekel |
-2.00% |
|
South Korean Won |
-2.05% |
|
Swiss Franc |
-2.57% |
|
Japanese Yen |
-2.98% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
9.27% |
|
AA |
0.98% |
|
A |
4.42% |
|
BBB |
15.45% |
|
BB |
30.97% |
|
B |
26.45% |
|
CCC |
6.78% |
|
CC |
0.56% |
|
C |
0.12% |
|
D |
0.34% |
|
Not Rated |
6.33% |
|
Short Term Investments |
1.62% |
|
Reverse Repurchase Agreements |
-5.02% |
|
N/A |
1.73% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
5.23% |
|
1 to 5 years |
42.02% |
|
5 to 10 years |
36.15% |
|
10 to 20 years |
9.32% |
|
20 to 30 years |
4.89% |
|
More Than 30 years |
0.97% |
|
Other |
1.42% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
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Average Coupon: |
7.29% |
|
Average Bond Price: |
104.02 |
|
Percentage of Leverage(based on gross assets): |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
41.76% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
41.76% |
|
Average Maturity: |
7.03 Years |
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Effective Duration: |
5.01 Years |
|
Total Net Assets: |
$1,207.91 Million |
|
Net Asset Value: |
$14.01 |
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Number of Holdings: |
1347 |
|
Portfolio Turnover: |
48% |
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* 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. |
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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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