AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 21, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 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 |
3.66% |
|
2) U.S. Treasury Notes 0.875%, 4/15/19 |
3.55% |
|
3) Mexican Bonos Series M 20 10.00%, 12/05/24 |
1.06% |
|
4) Turkey Government Bond 11.00%, 2/24/27 |
0.95% |
|
5) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.91% |
|
6) Mexican Bonos Series M 6.50%, 6/10/21 |
0.85% |
|
7) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 |
0.79% |
|
8) U.S. Treasury Bonds 8.125%, 5/15/21 |
0.73% |
|
9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.508%, 1/25/37 |
0.69% |
|
10) U.S. Treasury Notes 2.25%, 2/15/27 |
0.65% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
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Energy |
5.77% |
|
Communications - Media |
4.40% |
|
Consumer Non-Cyclical |
3.92% |
|
Basic |
3.59% |
|
Consumer Cyclical - Other |
2.87% |
|
Communications - Telecommunications |
2.71% |
|
Capital Goods |
2.02% |
|
Technology |
1.63% |
|
Services |
1.59% |
|
Consumer Cyclical - Automotive |
1.22% |
|
Other Industrial |
1.08% |
|
Transportation - Services |
1.02% |
|
Consumer Cyclical - Retailers |
0.96% |
|
Consumer Cyclical - Entertainment |
0.22% |
|
Transportation - Airlines |
0.10% |
|
Consumer Cyclical - Restaurants |
0.08% |
|
SUBTOTAL |
33.18% |
|
Financial Institutions |
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Banking |
4.48% |
|
Finance |
1.03% |
|
Insurance |
0.51% |
|
Other Finance |
0.42% |
|
Brokerage |
0.14% |
|
REITS |
0.06% |
|
SUBTOTAL |
6.64% |
|
Credit Default Swaps |
5.62% |
|
SUBTOTAL |
5.62% |
|
Utility |
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Electric |
1.35% |
|
Natural Gas |
0.03% |
|
SUBTOTAL |
1.38% |
|
SUBTOTAL |
46.82% |
|
Global Governments |
13.98% |
|
Interest Rate Swaps |
13.31% |
|
Collateralized Mortgage Obligations |
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Risk Share Floating Rate |
9.27% |
|
Non-Agency Fixed Rate |
1.73% |
|
Non-Agency Floating Rate |
1.11% |
|
SUBTOTAL |
12.11% |
|
Interest Rate Futures |
9.02% |
|
Corporates - Investment Grade |
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Industrial |
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Basic |
0.97% |
|
Technology |
0.55% |
|
Energy |
0.48% |
|
Communications - Media |
0.40% |
|
Consumer Cyclical - Automotive |
0.28% |
|
Capital Goods |
0.26% |
|
Communications - Telecommunications |
0.26% |
|
Consumer Non-Cyclical |
0.17% |
|
Consumer Cyclical - Other |
0.08% |
|
Services |
0.06% |
|
Transportation - Airlines |
0.06% |
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SUBTOTAL |
3.57% |
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Financial Institutions |
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Banking |
1.57% |
|
Insurance |
1.22% |
|
REITS |
0.60% |
|
Brokerage |
0.09% |
|
SUBTOTAL |
3.48% |
|
Credit Default Swaps |
0.93% |
|
SUBTOTAL |
0.93% |
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Utility |
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Electric |
0.12% |
|
SUBTOTAL |
0.12% |
|
SUBTOTAL |
8.10% |
|
Emerging Markets - Treasuries |
8.04% |
|
Emerging Markets - Sovereigns |
6.95% |
|
Commercial Mortgage-Backed Securities |
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Credit Default Swaps |
4.08% |
|
Non-Agency Fixed Rate CMBS |
2.18% |
|
Non-Agency Floating Rate CMBS |
0.22% |
|
SUBTOTAL |
6.48% |
|
Emerging Markets - Corporate Bonds |
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Industrial |
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Energy |
0.97% |
|
Basic |
0.75% |
|
Consumer Non-Cyclical |
0.51% |
|
Communications - Telecommunications |
0.43% |
|
Capital Goods |
0.27% |
|
Consumer Cyclical - Other |
0.18% |
|
Transportation - Services |
0.15% |
|
Consumer Cyclical - Retailers |
0.07% |
|
Technology |
0.05% |
|
Transportation - Airlines |
0.04% |
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Other Industrial |
0.04% |
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SUBTOTAL |
3.46% |
|
Financial Institutions |
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Banking |
0.29% |
|
Finance |
0.05% |
|
SUBTOTAL |
0.34% |
|
Utility |
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Electric |
0.05% |
|
SUBTOTAL |
0.05% |
|
SUBTOTAL |
3.85% |
|
Total Return Swaps |
3.82% |
|
Bank Loans |
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Industrial |
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Consumer Non-Cyclical |
0.57% |
|
Technology |
0.56% |
|
Consumer Cyclical - Retailers |
0.40% |
|
Capital Goods |
0.35% |
|
Consumer Cyclical - Other |
0.34% |
|
Energy |
0.24% |
|
Other Industrial |
0.19% |
|
Communications - Telecommunications |
0.09% |
|
Services |
0.09% |
|
Consumer Cyclical - Entertainment |
0.08% |
|
Basic |
0.08% |
|
SUBTOTAL |
2.99% |
|
SUBTOTAL |
2.99% |
|
Asset-Backed Securities |
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Other ABS - Fixed Rate |
0.77% |
|
Home Equity Loans - Fixed Rate |
0.63% |
|
Autos - Fixed Rate |
0.06% |
|
Home Equity Loans - Floating Rate |
0.03% |
|
SUBTOTAL |
1.49% |
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Common Stocks |
1.43% |
|
Preferred Stocks |
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Industrial |
0.76% |
|
Financial Institutions |
0.31% |
|
Utility |
0.03% |
|
SUBTOTAL |
1.10% |
|
Inflation-Linked Securities |
0.77% |
|
Local Governments - Regional Bonds |
0.58% |
|
Whole Loan Trusts |
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Performing Asset |
0.48% |
|
SUBTOTAL |
0.48% |
|
Local Governments - US Municipal Bonds |
0.46% |
|
Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.26% |
|
SUBTOTAL |
0.26% |
|
Investment Companies |
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Funds and Investment Trusts |
0.18% |
|
SUBTOTAL |
0.18% |
|
Collateralized Loan Obligations |
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CLO - Floating Rate |
0.11% |
|
SUBTOTAL |
0.11% |
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Options Purchased - Calls |
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Options on Forward Contracts |
0.01% |
|
SUBTOTAL |
0.01% |
|
Options Purchased - Puts |
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Options on Forward Contracts |
0.01% |
|
SUBTOTAL |
0.01% |
|
Warrants |
0.01% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
-0.21% |
|
SUBTOTAL |
-0.21% |
|
Put Options Written |
-0.32% |
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Equity Futures |
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Equity Index Futures |
-1.87% |
|
SUBTOTAL |
-1.87% |
|
Reverse Repurchase Agreements |
-6.59% |
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Net Cash Equivalents |
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Cash |
0.93% |
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Emerging Markets - Sovereigns |
0.49% |
|
Investment Companies |
0.31% |
|
Governments - Treasuries |
0.23% |
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SUBTOTAL |
1.96% |
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Derivative Offsets |
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Futures Offsets |
-7.24% |
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Swaps Offsets |
-28.09% |
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SUBTOTAL |
-35.33% |
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Total |
100.00% |
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Country Breakdown |
Portfolio % |
|
United States |
60.35% |
|
Brazil |
5.38% |
|
Mexico |
3.57% |
|
Argentina |
3.29% |
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United Kingdom |
2.86% |
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Turkey |
2.45% |
|
Indonesia |
1.67% |
|
Luxembourg |
1.58% |
|
Canada |
1.49% |
|
Dominican Republic |
1.24% |
|
France |
1.19% |
|
Ireland |
1.12% |
|
Italy |
0.98% |
|
Egypt |
0.92% |
|
Colombia |
0.82% |
|
Spain |
0.80% |
|
Switzerland |
0.79% |
|
Russia |
0.78% |
|
Netherlands |
0.63% |
|
Sri Lanka |
0.59% |
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South Africa |
0.58% |
|
Ivory Coast |
0.53% |
|
Ukraine |
0.47% |
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Malaysia |
0.46% |
|
Jamaica |
0.38% |
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Cayman Islands |
0.37% |
|
India |
0.35% |
|
Germany |
0.33% |
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Zambia |
0.33% |
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United Arab Emirates |
0.29% |
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Ecuador |
0.27% |
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Gabon |
0.24% |
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Mongolia |
0.19% |
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Norway |
0.17% |
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Angola |
0.17% |
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Guatemala |
0.16% |
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Venezuela |
0.15% |
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Sweden |
0.14% |
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Bahrain |
0.14% |
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El Salvador |
0.14% |
|
Trinidad & Tobago |
0.13% |
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Macau |
0.13% |
|
Senegal |
0.12% |
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Nigeria |
0.12% |
|
Pakistan |
0.12% |
|
Israel |
0.12% |
|
Uruguay |
0.12% |
|
Cameroon |
0.11% |
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Honduras |
0.09% |
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Peru |
0.08% |
|
Australia |
0.06% |
|
Kenya |
0.06% |
|
Iraq |
0.05% |
|
Jordan |
0.05% |
|
Ethiopia |
0.05% |
|
Finland |
0.05% |
|
China |
0.04% |
|
Hong Kong |
0.04% |
|
Chile |
0.04% |
|
Jersey (Channel Islands) |
0.02% |
|
Belarus |
0.02% |
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Serbia |
0.01% |
|
Portugal |
0.01% |
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Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
102.79% |
|
Brazilian Real |
2.04% |
|
Argentine Peso |
1.64% |
|
Polish Zloty |
1.58% |
|
Indonesian Rupiah |
1.53% |
|
Russian Rubles |
1.23% |
|
Chinese Yuan Renminbi |
1.00% |
|
Egypt Pound |
0.72% |
|
Indian Rupee |
0.50% |
|
Malaysian Ringgit |
0.50% |
|
Dominican Peso |
0.48% |
|
Sri Lankan Rupee |
0.48% |
|
Colombian Peso |
0.43% |
|
Norwegian Krone |
0.36% |
|
Peruvian Sol |
0.25% |
|
South Korean Won |
0.20% |
|
Uruguayan Peso |
0.13% |
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Mexican Peso |
0.07% |
|
Chinese Yuan Renminbi (Offshore) |
-0.01% |
|
South African Rand |
-0.46% |
|
Canadian Dollar |
-0.62% |
|
Great British Pound |
-0.75% |
|
Australian Dollar |
-0.85% |
|
Swedish Krona |
-1.27% |
|
Japanese Yen |
-1.28% |
|
Euro |
-1.47% |
|
New Zealand Dollar |
-1.51% |
|
Swiss Franc |
-1.68% |
|
New Turkish Lira |
-1.99% |
|
Taiwan New Dollar |
-2.01% |
|
Israeli New Shekel |
-2.03% |
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Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
8.32% |
|
AA |
0.96% |
|
A |
4.56% |
|
BBB |
15.69% |
|
BB |
31.47% |
|
B |
27.60% |
|
CCC |
6.78% |
|
CC |
0.58% |
|
C |
0.12% |
|
D |
0.21% |
|
Not Rated |
6.57% |
|
Short Term Investments |
1.04% |
|
Reverse Repurchase Agreements |
-6.59% |
|
N/A |
2.69% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
3.13% |
|
1 to 5 years |
43.20% |
|
5 to 10 years |
37.26% |
|
10 to 20 years |
9.63% |
|
20 to 30 years |
4.27% |
|
More Than 30 years |
1.07% |
|
Other |
1.44% |
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Total Net Assets |
100.00% |
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Portfolio Statistics: |
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Average Coupon: |
7.61% |
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Average Bond Price: |
103.57 |
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Percentage of Leverage(based on gross assets): |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
40.10% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
40.10% |
|
Average Maturity: |
7.15 Years |
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Effective Duration: |
5.08 Years |
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Total Net Assets: |
$1,198.15 Million |
|
Net Asset Value: |
$13.89 |
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Number of Holdings: |
1419 |
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Portfolio Turnover: |
48% |
* 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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