AB Global High Income Fund Releases Monthly Portfolio Update
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E-mailNEW YORK, Dec. 22, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of November 30, 2016.
AB Global High Income Fund, Inc.
|
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) U.S. Treasury Notes 0.875%, 4/15/19 |
3.72% |
|
2) U.S. Treasury Bonds 8.125%, 5/15/21 |
2.91% |
|
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
2.83% |
|
4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.772%, 1/25/37 |
0.80% |
|
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.64% |
|
6) Dominican Republic International Bond 8.625%, 4/20/27 |
0.56% |
|
7) Dominican Republic International Bond 16.00%, 7/10/20 |
0.50% |
|
8) Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2014-HQ3, Class M3 5.334%, 10/25/24 |
0.47% |
|
9) U.S. Treasury Bonds 5.00%, 5/15/37 |
0.41% |
|
10) Ivory Coast Government International Bond 5.75%, 12/31/32 |
0.41% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
|
|
Industrial |
|
|
Consumer Non-Cyclical |
6.39% |
|
Communications - Media |
5.23% |
|
Energy |
5.16% |
|
Basic |
3.67% |
|
Communications - Telecommunications |
3.65% |
|
Consumer Cyclical - Other |
3.24% |
|
Capital Goods |
3.02% |
|
Technology |
2.73% |
|
Consumer Cyclical - Automotive |
2.04% |
|
Consumer Cyclical - Retailers |
1.71% |
|
Services |
0.99% |
|
Transportation - Services |
0.78% |
|
Other Industrial |
0.76% |
|
Consumer Cyclical - Entertainment |
0.60% |
|
Consumer Cyclical - Restaurants |
0.29% |
|
Transportation - Airlines |
0.11% |
|
SUBTOTAL |
40.37% |
|
Financial Institutions |
|
|
Banking |
3.04% |
|
Finance |
1.00% |
|
Other Finance |
0.56% |
|
Insurance |
0.36% |
|
Brokerage |
0.01% |
|
REITS |
0.01% |
|
SUBTOTAL |
4.98% |
|
Credit Default Swaps |
2.88% |
|
SUBTOTAL |
2.88% |
|
Utility |
|
|
Electric |
1.33% |
|
SUBTOTAL |
1.33% |
|
SUBTOTAL |
49.56% |
|
Collateralized Mortgage Obligations |
|
|
Risk Share Floating Rate |
8.83% |
|
Non-Agency Fixed Rate |
2.64% |
|
Non-Agency Floating Rate |
1.24% |
|
Agency Floating Rate |
0.06% |
|
SUBTOTAL |
12.77% |
|
Global Governments |
11.12% |
|
Interest Rate Futures |
10.88% |
|
Corporates - Investment Grade |
|
|
Industrial |
|
|
Basic |
1.03% |
|
Energy |
0.65% |
|
Technology |
0.64% |
|
Capital Goods |
0.37% |
|
Communications - Media |
0.32% |
|
Communications - Telecommunications |
0.31% |
|
Transportation - Airlines |
0.17% |
|
Consumer Cyclical - Automotive |
0.16% |
|
Consumer Non-Cyclical |
0.11% |
|
Other Industrial |
0.03% |
|
Consumer Cyclical - Other |
0.01% |
|
SUBTOTAL |
3.80% |
|
Financial Institutions |
|
|
Insurance |
1.28% |
|
Banking |
1.00% |
|
REITS |
0.49% |
|
Brokerage |
0.17% |
|
Finance |
0.12% |
|
SUBTOTAL |
3.06% |
|
Credit Default Swaps |
0.95% |
|
SUBTOTAL |
0.95% |
|
Utility |
|
|
Electric |
0.48% |
|
Natural Gas |
0.11% |
|
SUBTOTAL |
0.59% |
|
SUBTOTAL |
8.40% |
|
Total Return Swaps |
7.99% |
|
Commercial Mortgage-Backed Securities |
|
|
Credit Default Swaps |
4.06% |
|
Non-Agency Fixed Rate CMBS |
3.33% |
|
Non-Agency Floating Rate CMBS |
0.20% |
|
SUBTOTAL |
7.59% |
|
Emerging Markets - Sovereigns |
4.89% |
|
Interest Rate Swaps |
4.81% |
|
Emerging Markets - Treasuries |
4.07% |
|
Bank Loans |
|
|
Industrial |
|
|
Technology |
0.68% |
|
Consumer Non-Cyclical |
0.62% |
|
Consumer Cyclical - Retailers |
0.58% |
|
Consumer Cyclical - Other |
0.43% |
|
Other Industrial |
0.39% |
|
Capital Goods |
0.26% |
|
Energy |
0.26% |
|
Basic |
0.21% |
|
Consumer Cyclical - Entertainment |
0.20% |
|
Consumer Cyclical - Automotive |
0.08% |
|
SUBTOTAL |
3.71% |
|
Utility |
|
|
Natural Gas |
0.11% |
|
SUBTOTAL |
0.11% |
|
Financial Institutions |
|
|
Insurance |
0.04% |
|
SUBTOTAL |
0.04% |
|
SUBTOTAL |
3.86% |
|
Emerging Markets - Corporate Bonds |
|
|
Industrial |
|
|
Communications - Telecommunications |
0.41% |
|
Consumer Non-Cyclical |
0.37% |
|
Capital Goods |
0.32% |
|
Transportation - Airlines |
0.27% |
|
Basic |
0.16% |
|
Consumer Cyclical - Retailers |
0.13% |
|
SUBTOTAL |
1.66% |
|
Financial Institutions |
|
|
Finance |
0.10% |
|
SUBTOTAL |
0.10% |
|
SUBTOTAL |
1.76% |
|
Asset-Backed Securities |
|
|
Home Equity Loans - Fixed Rate |
0.54% |
|
Home Equity Loans - Floating Rate |
0.23% |
|
Other ABS - Fixed Rate |
0.17% |
|
Other ABS - Floating Rate |
0.15% |
|
Autos - Fixed Rate |
0.07% |
|
SUBTOTAL |
1.16% |
|
Governments - Sovereign Agencies |
0.98% |
|
Whole Loan Trusts |
|
|
Performing Asset |
0.84% |
|
SUBTOTAL |
0.84% |
|
Common Stocks |
0.75% |
|
Preferred Stocks |
|
|
Financial Institutions |
0.47% |
|
Utility |
0.03% |
|
SUBTOTAL |
0.50% |
|
Inflation-Linked Securities |
0.48% |
|
Local Governments - Municipal Bonds |
0.48% |
|
Local Governments - Regional Bonds |
0.39% |
|
Quasi-Sovereigns |
|
|
Quasi-Sovereign Bonds |
0.38% |
|
SUBTOTAL |
0.38% |
|
Currency Instruments |
|
|
Forward Currency Exchange Contracts |
0.30% |
|
SUBTOTAL |
0.30% |
|
Equity Futures |
|
|
Equity Index Futures |
0.25% |
|
SUBTOTAL |
0.25% |
|
Investment Companies |
|
|
Funds and Investment Trusts |
0.17% |
|
SUBTOTAL |
0.17% |
|
Warrants |
0.07% |
|
Options Purchased - Calls |
|
|
Options on Forward Contracts |
0.01% |
|
SUBTOTAL |
0.01% |
|
Call Options Written |
-0.03% |
|
Put Options Written |
-0.09% |
|
Reverse Repurchase Agreements |
-8.39% |
|
Net Cash Equivalents |
|
|
Investment Companies |
4.80% |
|
Cash |
0.71% |
|
Bank Loans |
0.18% |
|
Emerging Markets - Sovereigns |
0.02% |
|
SUBTOTAL |
5.71% |
|
Derivative Offsets |
|
|
Futures Offsets |
-11.15% |
|
Swaps Offsets |
-20.51% |
|
SUBTOTAL |
-31.66% |
|
Total |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
71.09% |
|
Brazil |
4.60% |
|
United Kingdom |
2.78% |
|
Canada |
2.02% |
|
France |
1.39% |
|
Luxembourg |
1.31% |
|
Mexico |
1.31% |
|
Argentina |
1.27% |
|
Dominican Republic |
1.09% |
|
Ireland |
1.09% |
|
Turkey |
1.00% |
|
Indonesia |
0.99% |
|
Colombia |
0.85% |
|
Netherlands |
0.85% |
|
Switzerland |
0.81% |
|
Italy |
0.73% |
|
Ivory Coast |
0.59% |
|
United Arab Emirates |
0.55% |
|
Spain |
0.52% |
|
Venezuela |
0.49% |
|
Germany |
0.45% |
|
Croatia |
0.35% |
|
Jamaica |
0.34% |
|
Australia |
0.23% |
|
Gabon |
0.22% |
|
South Africa |
0.21% |
|
Angola |
0.20% |
|
Barbados |
0.20% |
|
Portugal |
0.19% |
|
New Zealand |
0.17% |
|
Trinidad & Tobago |
0.17% |
|
Mongolia |
0.16% |
|
Zambia |
0.14% |
|
Pakistan |
0.13% |
|
India |
0.11% |
|
Ghana |
0.11% |
|
Cayman Islands |
0.11% |
|
Cameroon |
0.10% |
|
Macau |
0.10% |
|
Ecuador |
0.10% |
|
Sri Lanka |
0.09% |
|
Guatemala |
0.08% |
|
Peru |
0.07% |
|
Denmark |
0.07% |
|
Hong Kong |
0.06% |
|
El Salvador |
0.06% |
|
Kenya |
0.06% |
|
Mozambique |
0.06% |
|
Nigeria |
0.05% |
|
Jordan |
0.05% |
|
Chile |
0.05% |
|
Lebanon |
0.04% |
|
Finland |
0.04% |
|
Ethiopia |
0.04% |
|
Norway |
0.02% |
|
Iraq |
0.02% |
|
Serbia |
0.02% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
101.37% |
|
Brazilian Real |
2.60% |
|
Russian Rubles |
2.48% |
|
New Turkish Lira |
1.63% |
|
Indian Rupee |
1.50% |
|
Colombian Peso |
1.26% |
|
Indonesian Rupiah |
0.97% |
|
Argentine Peso |
0.81% |
|
Chilean Peso |
0.50% |
|
Dominican Peso |
0.50% |
|
Peruvian Sol |
0.25% |
|
Hong Kong Dollar |
0.02% |
|
Norwegian Krone |
0.02% |
|
Great British Pound |
-0.02% |
|
Swedish Krona |
-0.05% |
|
Singapore Dollar |
-0.48% |
|
Mexican Peso |
-0.51% |
|
Japanese Yen |
-0.69% |
|
South Korean Won |
-1.30% |
|
Taiwan New Dollar |
-1.30% |
|
Australian Dollar |
-1.45% |
|
New Zealand Dollar |
-1.50% |
|
Euro |
-1.81% |
|
Chinese Yuan Renminbi |
-2.29% |
|
Canadian Dollar |
-2.51% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
10.21% |
|
AA |
0.75% |
|
A |
2.09% |
|
BBB |
14.51% |
|
BB |
28.63% |
|
B |
26.09% |
|
CCC |
8.70% |
|
CC |
1.30% |
|
C |
0.45% |
|
D |
1.17% |
|
Not Rated |
7.81% |
|
Short Term Investments |
4.82% |
|
Reverse Repurchase Agreements |
-8.39% |
|
N/A |
1.86% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
4.86% |
|
1 to 5 years |
40.35% |
|
5 to 10 years |
38.05% |
|
10 to 20 years |
8.98% |
|
20 to 30 years |
5.34% |
|
More Than 30 years |
1.61% |
|
Other |
0.81% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
|
|
Average Coupon: |
7.14% |
|
Average Bond Price: |
98.71 |
|
Percentage of Leverage (based on gross assets): |
|
|
Bank Borrowing: |
0.00% |
|
Investment Operations: |
27.12% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
27.12% |
|
Average Maturity: |
7.42 Years |
|
Effective Duration: |
5.16 Years |
|
Total Net Assets: |
$1,147.92 Million |
|
Net Asset Value: |
$13.31 |
|
Number of Holdings: |
1203 |
|
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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-300383212.html
SOURCE AB Global High Income Fund, Inc.
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