NEW YORK, May 22, 2015 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2015.
AB Global High Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Notes 1.25%, 1/31/20 | 11.20% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 | 1.15% |
3) Dominican Republic International Bond 8.625%, 4/20/27 | 0.83% |
4) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.64% |
5) El Salvador Government International Bond 7.65%, 6/15/35 | 0.61% |
6) Ivory Coast Government International Bond 5.75%, 12/31/32 | 0.60% |
7) Dominican Republic International Bond 16.00%, 7/10/20 | 0.53% |
8) Argentina Boden Bonds 7.00%, 10/03/15 | 0.52% |
9) South Africa Government Bond Series R207 7.25%, 1/15/20 | 0.42% |
10) U.S. Treasury Bonds 5.00%, 5/15/37 | 0.41% |
Investment Type | Portfolio % |
Corporates - Non-Investment Grades | |
Industrial | |
Consumer Non-Cyclical | 7.60% |
Energy | 7.08% |
Communications - Media | 6.28% |
Capital Goods | 4.49% |
Technology | 4.15% |
Basic | 3.71% |
Consumer Cyclical - Other | 3.50% |
Communications - Telecommunications | 3.25% |
Consumer Cyclical - Retailers | 2.63% |
Other Industrial | 1.73% |
Consumer Cyclical - Automotive | 1.58% |
Services | 0.97% |
Transportation - Services | 0.84% |
Consumer Cyclical - Entertainment | 0.72% |
Transportation - Airlines | 0.43% |
Consumer Cyclical - Restaurants | 0.29% |
SUBTOTAL | 49.25% |
Financial Institutions | |
Banking | 4.07% |
Finance | 1.50% |
Insurance | 1.02% |
Other Finance | 1.01% |
Brokerage | 0.36% |
REITS | 0.35% |
SUBTOTAL | 8.31% |
Utility | |
Electric | 2.43% |
SUBTOTAL | 2.43% |
Credit Default Swaps | -0.82% |
SUBTOTAL | 59.17% |
Global Governments | 17.52% |
Corporates - Investment Grades | |
Financial Institutions | |
Insurance | 1.53% |
Banking | 1.15% |
Finance | 0.67% |
REITS | 0.46% |
SUBTOTAL | 3.81% |
Industrial | |
Basic | 1.68% |
Communications - Telecommunications | 0.28% |
Energy | 0.26% |
Other Industrial | 0.19% |
Communications - Media | 0.18% |
Transportation - Airlines | 0.17% |
Capital Goods | 0.16% |
Consumer Non-Cyclical | 0.13% |
Consumer Cyclical - Other | 0.02% |
SUBTOTAL | 3.07% |
Credit Default Swaps | 0.68% |
Utility | |
Electric | 0.20% |
Natural Gas | 0.11% |
SUBTOTAL | 0.31% |
SUBTOTAL | 7.87% |
Collateralized Mortgage Obligations | |
Non-Agency Fixed Rate | 3.15% |
GSE Risk Share Floating Rate | 2.31% |
Non-Agency Floating Rate | 2.11% |
SUBTOTAL | 7.57% |
Emerging Markets - Sovereigns | 4.03% |
Bank Loans | |
Industrial | |
Consumer Cyclical - Automotive | 0.59% |
Other Industrial | 0.50% |
Consumer Cyclical - Retailers | 0.42% |
Consumer Cyclical - Other | 0.41% |
Consumer Non-Cyclical | 0.30% |
Consumer Cyclical - Entertainment | 0.22% |
Capital Goods | 0.21% |
Energy | 0.20% |
Communications - Media | 0.18% |
Technology | 0.17% |
Basic | 0.14% |
SUBTOTAL | 3.34% |
Financial Institutions | |
Other Finance | 0.13% |
Insurance | 0.04% |
SUBTOTAL | 0.17% |
Utility | |
Electric | 0.17% |
SUBTOTAL | 0.17% |
SUBTOTAL | 3.68% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.70% |
Basic | 0.56% |
Capital Goods | 0.48% |
Consumer Cyclical - Retailers | 0.34% |
Transportation - Airlines | 0.27% |
Communications - Telecommunications | 0.19% |
Communications - Media | 0.14% |
Consumer Cyclical - Other | 0.12% |
SUBTOTAL | 2.80% |
Utility | |
Electric | 0.15% |
SUBTOTAL | 0.15% |
Financial Institutions | |
Finance | 0.11% |
SUBTOTAL | 0.11% |
SUBTOTAL | 3.06% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 2.18% |
Non-Agency Floating Rate CMBS | 0.01% |
SUBTOTAL | 2.19% |
Preferred Stocks | |
Financial Institutions | 1.85% |
Utility | 0.03% |
Industrial | 0.02% |
SUBTOTAL | 1.90% |
Governments - Sovereign Agencies | 1.20% |
Whole Loan Trusts | |
Performing Asset | 0.98% |
SUBTOTAL | 0.98% |
Local Governments - Municipal Bonds | 0.97% |
Asset-Backed Securities | |
Home Equity Loans - Fixed Rate | 0.61% |
Home Equity Loans - Floating Rate | 0.18% |
SUBTOTAL | 0.79% |
Emerging Markets - Treasuries | 0.73% |
Common Stocks | 0.69% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 0.47% |
SUBTOTAL | 0.47% |
Investment Companies | |
Funds and Investment Trusts | 0.22% |
SUBTOTAL | 0.22% |
Agencies | |
Agency Subordinated | 0.14% |
SUBTOTAL | 0.14% |
Inflation-Linked Securities | 0.08% |
Options Purchased - Calls | |
Options on Forward Contracts | 0.03% |
SUBTOTAL | 0.03% |
Options Purchased - Puts | |
Swaptions | 0.01% |
SUBTOTAL | 0.01% |
Warrants | 0.01% |
Currency Instruments | |
Currency Options | -0.01% |
Forward Currency Exchange Contracts | -0.33% |
SUBTOTAL | -0.34% |
Interest Rate Swaps - SIFMA | -9.62% |
Reverse Repurchase Agreements | -10.41% |
Net Cash Equivalents | |
Investment Companies | 1.16% |
Foreign Currency | 0.01% |
Cash | -4.30% |
SUBTOTAL | -3.13% |
Derivative Offsets | |
Swaps Offsets | 10.19% |
SUBTOTAL | 10.19% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 70.25% |
United Kingdom | 3.73% |
Brazil | 3.01% |
Canada | 2.00% |
Dominican Republic | 1.45% |
Ireland | 1.42% |
Mexico | 1.39% |
Luxembourg | 1.33% |
Netherlands | 1.26% |
France | 1.19% |
South Africa | 0.91% |
Germany | 0.75% |
Indonesia | 0.65% |
Ivory Coast | 0.61% |
Switzerland | 0.59% |
El Salvador | 0.59% |
United Arab Emirates | 0.56% |
Australia | 0.53% |
Colombia | 0.51% |
New Zealand | 0.49% |
Italy | 0.49% |
Argentina | 0.45% |
Venezuela | 0.44% |
Bermuda | 0.41% |
Norway | 0.35% |
Peru | 0.34% |
Croatia | 0.32% |
Spain | 0.32% |
Hong Kong | 0.31% |
India | 0.31% |
Philippines | 0.27% |
Turkey | 0.23% |
Portugal | 0.21% |
Kazakhstan | 0.18% |
Barbados | 0.18% |
Macau | 0.17% |
Bahrain | 0.15% |
Trinidad & Tobago | 0.15% |
Zambia | 0.14% |
Bulgaria | 0.13% |
Jamaica | 0.13% |
Ghana | 0.13% |
Lebanon | 0.11% |
Pakistan | 0.11% |
Romania | 0.11% |
Sweden | 0.09% |
Denmark | 0.08% |
Guatemala | 0.08% |
Belgium | 0.08% |
Uruguay | 0.07% |
Sri Lanka | 0.06% |
Chile | 0.05% |
Kenya | 0.05% |
Morocco | 0.05% |
Serbia | 0.03% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 100.02% |
Brazilian Real | 1.89% |
Colombian Peso | 1.05% |
New Turkish Lira | 1.04% |
Mexican Peso | 1.00% |
Indonesian Rupiah | 1.00% |
Peruvian Nuevo Sol | 0.96% |
South African Rand | 0.78% |
Dominican Peso | 0.53% |
Philippine Peso | 0.31% |
Indian Rupee | 0.26% |
Hungarian Forint | 0.16% |
Uruguayan Peso | 0.08% |
Euro | -0.30% |
Singapore Dollar | -0.52% |
New Zealand Dollar | -1.02% |
Canadian Dollar | -1.06% |
Australian Dollar | -3.07% |
Great British Pound | -3.11% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | -1.24% |
AA | 0.63% |
A | 2.14% |
BBB | 13.11% |
BB | 28.14% |
B | 30.24% |
CCC | 15.52% |
CC | 0.85% |
C | 0.02% |
D | 0.69% |
Not Rated | 4.99% |
Short Term Investments | 1.16% |
N/A | 3.75% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | -2.00% |
1 to 5 years | 49.28% |
5 to 10 years | 37.26% |
10 to 20 years | 7.67% |
20 to 30 years | 5.87% |
More than 30 years | 1.21% |
Other | 0.71% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 6.93% |
Average Bond Price : | 100.93 |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 18.26%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 18.26% |
Average Maturity: | 7.47 Years |
Effective Duration: | 4.78 Years |
Total Net Assets: | $1,213.59 Million |
Net Asset Value: | $14.07 |
Number of Holdings: | 1165 |
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.