AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 26, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2015.
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AB Global High Income Fund, Inc. |
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Top 10 Fixed Income Holdings |
Portfolio % |
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1) U.S. Treasury Bonds 8.125%, 5/15/21 |
3.26% |
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2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25 |
2.27% |
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3) U.S. Treasury Notes 1.25%, 1/31/20 |
1.16% |
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4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.601%, 1/25/37 |
0.96% |
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5) U.S. Treasury Notes 2.25%, 11/15/25 |
0.80% |
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6) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.71% |
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7) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.64% |
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8) Dominican Republic International Bond 8.625%, 4/20/27 |
0.63% |
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9) Dominican Republic International Bond 16.00%, 7/10/20 |
0.58% |
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10) El Salvador Government International Bond 7.65%, 6/15/35 |
0.56% |
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Investment Type |
Portfolio % |
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Corporates - Non-Investment Grade |
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Industrial |
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Consumer Non-Cyclical |
7.89% |
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Communications - Media |
5.89% |
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Energy |
5.10% |
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Capital Goods |
3.77% |
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Communications - Telecommunications |
3.73% |
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Consumer Cyclical - Other |
3.34% |
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Basic |
2.75% |
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Technology |
2.59% |
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Consumer Cyclical - Retailers |
2.52% |
|
Consumer Cyclical - Automotive |
2.00% |
|
Other Industrial |
1.08% |
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Transportation - Services |
0.68% |
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Consumer Cyclical - Entertainment |
0.66% |
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Transportation - Airlines |
0.51% |
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Consumer Cyclical - Restaurants |
0.43% |
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Services |
0.36% |
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SUBTOTAL |
43.30% |
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Credit Default Swaps |
12.51% |
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SUBTOTAL |
12.51% |
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Financial Institutions |
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Banking |
4.70% |
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Finance |
1.37% |
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Insurance |
0.66% |
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Other Finance |
0.46% |
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Brokerage |
0.01% |
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SUBTOTAL |
7.20% |
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Utility |
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Electric |
1.64% |
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SUBTOTAL |
1.64% |
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SUBTOTAL |
64.65% |
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Global Governments |
12.19% |
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Collateralized Mortgage Obligations |
|
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GSE Risk Share Floating Rate |
5.03% |
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Non-Agency Fixed Rate |
3.51% |
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Non-Agency Floating Rate |
1.59% |
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SUBTOTAL |
10.13% |
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Corporates - Investment Grade |
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Industrial |
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Basic |
1.55% |
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Energy |
0.85% |
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Communications - Media |
0.60% |
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Capital Goods |
0.50% |
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Communications - Telecommunications |
0.27% |
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Other Industrial |
0.21% |
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Transportation - Airlines |
0.17% |
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Technology |
0.15% |
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Consumer Non-Cyclical |
0.12% |
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Consumer Cyclical - Other |
0.02% |
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SUBTOTAL |
4.44% |
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Financial Institutions |
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Insurance |
1.53% |
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Banking |
1.12% |
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REITS |
0.51% |
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Brokerage |
0.18% |
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SUBTOTAL |
3.34% |
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Credit Default Swaps |
0.77% |
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SUBTOTAL |
0.77% |
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Utility |
|
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Electric |
0.39% |
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Natural Gas |
0.12% |
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SUBTOTAL |
0.51% |
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SUBTOTAL |
9.06% |
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Commercial Mortgage-Backed Securities |
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Non-Agency Fixed Rate CMBS |
3.72% |
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Credit Default Swaps |
0.91% |
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Non-Agency Floating Rate CMBS |
0.20% |
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SUBTOTAL |
4.83% |
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Emerging Markets - Sovereigns |
3.76% |
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Interest Rate Swaps |
3.56% |
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Bank Loans |
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Industrial |
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Consumer Cyclical - Entertainment |
0.48% |
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Consumer Non-Cyclical |
0.47% |
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Consumer Cyclical - Retailers |
0.45% |
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Basic |
0.39% |
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Other Industrial |
0.37% |
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Consumer Cyclical - Other |
0.26% |
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Technology |
0.22% |
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Energy |
0.17% |
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Capital Goods |
0.12% |
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Communications - Media |
0.10% |
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Consumer Cyclical - Automotive |
0.07% |
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SUBTOTAL |
3.10% |
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Utility |
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Electric |
0.19% |
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SUBTOTAL |
0.19% |
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Financial Institutions |
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Insurance |
0.04% |
|
SUBTOTAL |
0.04% |
|
SUBTOTAL |
3.33% |
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Emerging Markets - Corporate Bonds |
|
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Industrial |
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Capital Goods |
0.56% |
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Consumer Non-Cyclical |
0.50% |
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Basic |
0.40% |
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Consumer Cyclical - Retailers |
0.33% |
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Transportation - Airlines |
0.25% |
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Communications - Telecommunications |
0.17% |
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Consumer Cyclical - Other |
0.03% |
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SUBTOTAL |
2.24% |
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Financial Institutions |
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Finance |
0.09% |
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SUBTOTAL |
0.09% |
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SUBTOTAL |
2.33% |
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Preferred Stocks |
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Financial Institutions |
2.16% |
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Utility |
0.03% |
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SUBTOTAL |
2.19% |
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Governments - Sovereign Agencies |
1.49% |
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Local Governments - Municipal Bonds |
0.99% |
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Asset-Backed Securities |
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Home Equity Loans - Fixed Rate |
0.79% |
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Home Equity Loans - Floating Rate |
0.19% |
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SUBTOTAL |
0.98% |
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Whole Loan Trusts |
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Performing Asset |
0.95% |
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SUBTOTAL |
0.95% |
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Common Stocks |
0.83% |
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Emerging Markets - Treasuries |
0.77% |
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Interest Rate Futures |
0.77% |
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Currency Instruments |
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Forward Currency Exchange Contracts |
0.34% |
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SUBTOTAL |
0.34% |
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Investment Companies |
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Funds and Investment Trusts |
0.29% |
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SUBTOTAL |
0.29% |
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Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.25% |
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SUBTOTAL |
0.25% |
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Agencies |
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Agency Subordinated |
0.15% |
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SUBTOTAL |
0.15% |
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Inflation-Linked Securities |
0.08% |
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Warrants |
0.06% |
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Call Options Written |
-0.02% |
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Reverse Repurchase Agreements |
-9.72% |
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Net Cash Equivalents |
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Cash |
2.28% |
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Investment Companies |
1.94% |
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SUBTOTAL |
4.22% |
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Derivative Offsets |
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Futures Offsets |
-0.78% |
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Swaps Offsets |
-17.68% |
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SUBTOTAL |
-18.46% |
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100.00% | |
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Country Breakdown |
Portfolio % |
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United States |
69.35% |
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Brazil |
4.42% |
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United Kingdom |
3.48% |
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Canada |
1.98% |
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France |
1.96% |
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Mexico |
1.61% |
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Ireland |
1.49% |
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Dominican Republic |
1.37% |
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Luxembourg |
1.19% |
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Netherlands |
1.15% |
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Switzerland |
1.04% |
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Germany |
0.86% |
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Italy |
0.79% |
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South Africa |
0.70% |
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Ivory Coast |
0.70% |
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United Arab Emirates |
0.65% |
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Spain |
0.64% |
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Indonesia |
0.62% |
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El Salvador |
0.59% |
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Bermuda |
0.54% |
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Venezuela |
0.46% |
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Colombia |
0.44% |
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Croatia |
0.38% |
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Ghana |
0.30% |
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India |
0.28% |
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New Zealand |
0.26% |
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Jamaica |
0.24% |
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Turkey |
0.24% |
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Barbados |
0.20% |
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Australia |
0.20% |
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Macau |
0.20% |
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Portugal |
0.20% |
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Trinidad & Tobago |
0.18% |
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Pakistan |
0.14% |
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Lebanon |
0.13% |
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Zambia |
0.13% |
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Sweden |
0.11% |
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Sri Lanka |
0.10% |
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Denmark |
0.09% |
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Guatemala |
0.07% |
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Uruguay |
0.07% |
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Peru |
0.07% |
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Angola |
0.06% |
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Chile |
0.06% |
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Kenya |
0.06% |
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Morocco |
0.06% |
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Bahrain |
0.05% |
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Norway |
0.04% |
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Serbia |
0.03% |
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Belgium |
0.02% |
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Total Investments |
100.00% |
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Net Currency Exposure Breakdown |
Portfolio % |
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United States Dollar |
103.39% |
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Japanese Yen |
3.78% |
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Chinese Yuan Renminbi |
1.01% |
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Dominican Peso |
0.58% |
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New Turkish Lira |
0.52% |
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Hungarian Forint |
0.17% |
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Uruguayan Peso |
0.08% |
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Mexican Peso |
0.02% |
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South African Rand |
-0.01% |
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Norwegian Krone |
-0.02% |
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Colombian Peso |
-0.05% |
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Brazilian Real |
-0.06% |
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Canadian Dollar |
-0.51% |
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Singapore Dollar |
-0.52% |
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Euro |
-2.25% |
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Taiwan New Dollar |
-3.04% |
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Great British Pound |
-3.09% |
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Total Net Assets |
100.00% |
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Credit Rating |
Portfolio % |
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AAA |
0.33% |
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AA |
0.86% |
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A |
2.43% |
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BBB |
14.97% |
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BB |
30.15% |
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B |
22.98% |
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CCC |
10.72% |
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CC |
1.18% |
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C |
0.11% |
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D |
0.75% |
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Not Rated |
9.01% |
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Short Term Investments |
1.94% |
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N/A |
4.57% |
|
100.00% | |
|
Bonds By Maturity |
Portfolio % |
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Less than 1 year |
-0.28% |
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1 to 5 years |
34.74% |
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5 to 10 years |
48.01% |
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10 to 20 years |
9.65% |
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20 to 30 years |
5.22% |
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More than 30 years |
1.77% |
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Other |
0.89% |
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Total Net Assets |
100.00% |
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Portfolio Statistics: |
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Average Coupon: |
7.44% |
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Average Bond Price : |
95.50 |
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Percentage of Leverage (based on Gross Assets): |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
28.62%* |
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Preferred Stock: |
0.00% |
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Tender Option Bonds: |
0.00% |
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VMTP Shares: |
0.00% |
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Total Fund Leverage: |
28.62% |
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Average Maturity: |
8.05 Years |
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Effective Duration: |
5.09 Years |
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Total Net Assets: |
$1,060.79 Million |
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Net Asset Value: |
$12.30 |
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Number of Holdings: |
1169 |
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Portfolio Turnover: |
48% |
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* Investment Operations may include the use of certain portfolio |
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management techniques such as credit default swaps, dollar rolls, |
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negative cash, reverse repurchase agreements and when-issued |
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securities. |
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The foregoing portfolio characteristics are as of the date indicated |
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and can be expected to change. The Fund is a closed-end U.S.- |
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registered management investment company advised by AllianceBernstein |
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L. P. |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-300210042.html
SOURCE AB Global High Income Fund, Inc.
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