NEW YORK, Feb. 23, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2015.
AB Global High Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) U.S. Treasury Notes 1.625%, 8/31/19 | 5.77% | |
2) U.S. Treasury Notes 1.50%, 10/31/19 | 5.74% | |
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 | 1.30% | |
4) Dominican Republic International Bond 8.625%, 4/20/27 | 0.82% | |
5) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.67% | |
6) El Salvador Government International Bond 7.65%, 6/15/35 | 0.63% | |
7) Ivory Coast Government International Bond 5.75%, 12/31/32 | 0.59% | |
8) Dominican Republic International Bond 16.00%, 7/10/20 | 0.53% | |
9) Argentina Boden Bonds 7.00%, 10/03/15 | 0.52% | |
10) South Africa Government Bond Series R207 7.25%, 1/15/20 | 0.44% | |
Investment Type | Portfolio % | |
Corporates - Non-Investment Grades | ||
Industrial | ||
Energy | 7.04% | |
Consumer Non-Cyclical | 6.51% | |
Communications - Media | 6.32% | |
Capital Goods | 4.76% | |
Technology | 4.62% | |
Basic | 4.16% | |
Communications - Telecommunications | 3.53% | |
Consumer Cyclical - Other | 3.23% | |
Consumer Cyclical - Retailers | 2.08% | |
Other Industrial | 1.81% | |
Consumer Cyclical - Automotive | 1.50% | |
Services | 1.08% | |
Transportation - Services | 0.90% | |
Consumer Cyclical - Entertainment | 0.65% | |
Transportation - Airlines | 0.43% | |
Consumer Cyclical - Restaurants | 0.37% | |
SUBTOTAL | 48.99% | |
Financial Institutions | ||
Banking | 3.49% | |
Finance | 1.44% | |
Insurance | 1.05% | |
Other Finance | 0.99% | |
Brokerage | 0.36% | |
REITS | 0.15% | |
SUBTOTAL | 7.48% | |
Utility | ||
Electric | 2.44% | |
SUBTOTAL | 2.44% | |
Non Corporate Sectors | ||
Agencies - Not Government Guaranteed | 0.13% | |
SUBTOTAL | 0.13% | |
Credit Default Swaps | -0.38% | |
SUBTOTAL | 58.66% | |
Global Governments | 17.88% | |
Corporates - Investment Grades | ||
Financial Institutions | ||
Insurance | 1.53% | |
Banking | 1.35% | |
Finance | 0.66% | |
REITS | 0.47% | |
SUBTOTAL | 4.01% | |
Industrial | ||
Basic | 1.79% | |
Energy | 0.40% | |
Communications - Telecommunications | 0.27% | |
Other Industrial | 0.19% | |
Capital Goods | 0.17% | |
Transportation - Airlines | 0.17% | |
Communications - Media | 0.15% | |
Consumer Non-Cyclical | 0.13% | |
Consumer Cyclical - Automotive | 0.04% | |
Consumer Cyclical - Other | 0.02% | |
SUBTOTAL | 3.33% | |
Credit Default Swaps | 0.68% | |
Non Corporate Sectors | ||
Agencies - Not Government Guaranteed | 0.20% | |
SUBTOTAL | 0.20% | |
Utility | ||
Natural Gas | 0.11% | |
SUBTOTAL | 0.11% | |
SUBTOTAL | 8.33% | |
Collateralized Mortgage Obligations | ||
Non-Agency Fixed Rate | 3.33% | |
Non-Agency Floating Rate | 2.10% | |
GSE Risk Share Floating Rate | 1.53% | |
SUBTOTAL | 6.96% | |
Bank Loans | ||
Industrial | ||
Consumer Cyclical - Automotive | 0.61% | |
Other Industrial | 0.60% | |
Consumer Non-Cyclical | 0.59% | |
Consumer Cyclical - Other | 0.41% | |
Consumer Cyclical - Retailers | 0.31% | |
Basic | 0.30% | |
Consumer Cyclical - Entertainment | 0.23% | |
Capital Goods | 0.21% | |
Energy | 0.20% | |
Communications - Media | 0.18% | |
Technology | 0.17% | |
SUBTOTAL | 3.81% | |
Financial Institutions | ||
Other Finance | 0.13% | |
Insurance | 0.04% | |
SUBTOTAL | 0.17% | |
Utility | ||
Electric | 0.17% | |
SUBTOTAL | 0.17% | |
Non Corporate Sectors | ||
Foreign Local Government - Municipal | 0.13% | |
SUBTOTAL | 0.13% | |
SUBTOTAL | 4.28% | |
Emerging Markets - Sovereigns | 3.79% | |
Emerging Markets - Corporate Bonds | ||
Industrial | ||
Consumer Non-Cyclical | 0.82% | |
Basic | 0.64% | |
Capital Goods | 0.57% | |
Transportation - Airlines | 0.27% | |
Consumer Cyclical - Retailers | 0.26% | |
Consumer Cyclical - Other | 0.18% | |
Communications - Media | 0.14% | |
Communications - Telecommunications | 0.14% | |
SUBTOTAL | 3.02% | |
Utility | ||
Electric | 0.14% | |
SUBTOTAL | 0.14% | |
Non Corporate Sectors | ||
Agencies - Not Government Guaranteed | 0.12% | |
SUBTOTAL | 0.12% | |
Financial Institutions | ||
Finance | 0.09% | |
SUBTOTAL | 0.09% | |
SUBTOTAL | 3.37% | |
Preferred Stocks | ||
Financial Institutions | 2.64% | |
Industrial | 0.04% | |
Utility | 0.03% | |
SUBTOTAL | 2.71% | |
Commercial Mortgage-Backed Securities | ||
Non-Agency Fixed Rate CMBS | 2.23% | |
SUBTOTAL | 2.23% | |
Local Governments - Municipal Bonds | 1.00% | |
Whole Loan Trusts | ||
Performing Asset | 0.89% | |
SUBTOTAL | 0.89% | |
Asset-Backed Securities | ||
Home Equity Loans - Fixed Rate | 0.60% | |
Home Equity Loans - Floating Rate | 0.18% | |
Other ABS - Fixed Rate | 0.08% | |
SUBTOTAL | 0.86% | |
Governments - Sovereign Agencies | 0.86% | |
Emerging Markets - Treasuries | 0.85% | |
Total Return Swaps | 0.84% | |
Common Stocks | 0.70% | |
Quasi-Sovereigns | ||
Quasi-Sovereign Bonds | 0.57% | |
SUBTOTAL | 0.57% | |
Currency Instruments | ||
Forward Currency Exchange Contracts | 0.32% | |
SUBTOTAL | 0.32% | |
Local Governments - Regional Bonds | 0.32% | |
Investment Companies | ||
Funds and Investment Trusts | 0.18% | |
SUBTOTAL | 0.18% | |
Inflation-Linked Securities | 0.06% | |
Interest Rate Swaps - SIFMA | -13.67% | |
Reverse Repurchase Agreements | -18.53% | |
Net Cash Equivalents | ||
Investment Companies | 2.05% | |
Cash | 1.88% | |
Repurchase Agreements | -0.19% | |
SUBTOTAL | 3.74% | |
Derivative Offsets | ||
Swaps Offsets | 12.80% | |
SUBTOTAL | 12.80% | |
100.00% | ||
Country Breakdown | Portfolio % | |
United States | 70.54% | |
United Kingdom | 3.33% | |
Brazil | 3.24% | |
Canada | 1.88% | |
Ireland | 1.49% | |
Luxembourg | 1.46% | |
Dominican Republic | 1.44% | |
Mexico | 1.35% | |
Netherlands | 1.23% | |
France | 1.23% | |
Switzerland | 0.83% | |
South Africa | 0.82% | |
Germany | 0.74% | |
Indonesia | 0.72% | |
El Salvador | 0.59% | |
United Arab Emirates | 0.54% | |
Ivory Coast | 0.51% | |
Australia | 0.49% | |
Colombia | 0.49% | |
Italy | 0.47% | |
Argentina | 0.45% | |
Bermuda | 0.40% | |
Norway | 0.35% | |
Kazakhstan | 0.34% | |
Peru | 0.33% | |
Venezuela | 0.33% | |
Croatia | 0.31% | |
Spain | 0.30% | |
India | 0.29% | |
Hong Kong | 0.29% | |
Philippines | 0.27% | |
Portugal | 0.21% | |
Turkey | 0.21% | |
Barbados | 0.17% | |
Singapore | 0.17% | |
Bahrain | 0.15% | |
Zambia | 0.14% | |
Bulgaria | 0.12% | |
Macau | 0.12% | |
Japan | 0.12% | |
Ghana | 0.12% | |
Pakistan | 0.11% | |
Romania | 0.11% | |
Lebanon | 0.11% | |
Trinidad & Tobago | 0.09% | |
Jamaica | 0.09% | |
Mongolia | 0.09% | |
China | 0.09% | |
Sweden | 0.09% | |
Costa Rica | 0.09% | |
Denmark | 0.08% | |
Belgium | 0.08% | |
Guatemala | 0.07% | |
Sri Lanka | 0.06% | |
Uruguay | 0.06% | |
Chile | 0.05% | |
Morocco | 0.05% | |
Kenya | 0.05% | |
Serbia | 0.03% | |
Virgin Islands (BVI) | 0.02% | |
Total Investments | 100.00% | |
Net Currency Exposure Breakdown | Portfolio % | |
United States Dollar | 96.74% | |
Brazilian Real | 1.88% | |
Indonesian Rupiah | 1.02% | |
Peruvian Nuevo Sol | 0.99% | |
Mexican Peso | 0.97% | |
South African Rand | 0.82% | |
New Turkish Lira | 0.74% | |
Dominican Peso | 0.53% | |
Colombian Peso | 0.46% | |
Philippine Peso | 0.31% | |
Indian Rupee | 0.26% | |
Hungarian Forint | 0.16% | |
Costa Rican Colon | 0.10% | |
Uruguayan Peso | 0.06% | |
Swiss Franc | 0.04% | |
Great British Pound | -0.61% | |
Euro | -0.91% | |
Japanese Yen | -1.57% | |
Australian Dollar | -1.99% | |
Total Net Assets | 100.00% | |
Credit Rating | Portfolio % | |
AAA | -3.43% | |
AA | 0.64% | |
A | 2.16% | |
BBB | 13.88% | |
BB | 27.25% | |
B | 30.71% | |
CCC | 15.55% | |
CC | 0.76% | |
C | 0.02% | |
D | 0.73% | |
Not Rated | 4.09% | |
Short Term Investments | 1.86% | |
N/A | 5.78% | |
100.00% | ||
Bonds By Maturity | Portfolio % | |
Less than 1 year | -3.33% | |
1 to 5 years | 49.66% | |
5 to 10 years | 38.12% | |
10 to 20 years | 7.58% | |
20 to 30 years | 5.90% | |
More than 30 years | 1.37% | |
Other | 0.70% | |
Total Net Assets | 100.00% | |
Portfolio Statistics: | ||
Average Coupon: | 7.06% | |
Average Bond Price : | 100.28 | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00% | |
Investment Operations: | 26.37%* | |
Preferred Stock: | 0.00% | |
Tender Option Bonds: | 0.00% | |
Term Asset-Backed Loans Facility (TALF): | 0.00% | |
Total Fund Leverage: | 26.37% | |
Average Maturity: | 7.62 Years | |
Effective Duration: | 4.79 Years | |
Total Net Assets: | $1,211.89 Million | |
Net Asset Value: | $14.05 | |
Number of Holdings: | 1141 | |
Portfolio Turnover: | 36% | |
* 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. |
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SOURCE AB Global High Income Fund, Inc.