NEW YORK, Oct. 24, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of September 30, 2016.
AB Global High Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Notes 0.875%, 4/15/19 | 5.40% |
2) U.S. Treasury Bonds 8.125%, 5/15/21 | 2.95% |
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 | 2.91% |
4) U.S. Treasury Notes 1.25%, 1/31/20 | 1.08% |
5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.705%, 1/25/37 | 0.81% |
6) U.S. Treasury Notes 2.25%, 11/15/25 | 0.77% |
7) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.68% |
8) Ivory Coast Government International Bond 5.75%, 12/31/32 | 0.63% |
9) Dominican Republic International Bond 8.625%, 4/20/27 | 0.60% |
10) Dominican Republic International Bond 16.00%, 7/10/20 | 0.50% |
Investment Type | Portfolio % |
Corporates - Non-Investment Grade | |
Industrial | |
Consumer Non-Cyclical | 6.78% |
Communications - Media | 5.13% |
Energy | 4.94% |
Communications - Telecommunications | 3.73% |
Basic | 3.42% |
Capital Goods | 3.17% |
Consumer Cyclical - Other | 3.17% |
Technology | 2.63% |
Consumer Cyclical - Automotive | 1.99% |
Consumer Cyclical - Retailers | 1.69% |
Transportation - Services | 1.04% |
Services | 0.89% |
Other Industrial | 0.75% |
Consumer Cyclical - Entertainment | 0.56% |
Transportation - Airlines | 0.41% |
Consumer Cyclical - Restaurants | 0.31% |
SUBTOTAL | 40.61% |
Credit Default Swaps | 11.14% |
SUBTOTAL | 11.14% |
Financial Institutions | |
Banking | 3.07% |
Finance | 0.91% |
Other Finance | 0.49% |
Insurance | 0.38% |
REITS | 0.03% |
Brokerage | 0.01% |
SUBTOTAL | 4.89% |
Utility | |
Electric | 1.46% |
SUBTOTAL | 1.46% |
SUBTOTAL | 58.10% |
Global Governments | 14.81% |
Collateralized Mortgage Obligations | |
Risk Share Floating Rate | 9.42% |
Non-Agency Fixed Rate | 2.68% |
Non-Agency Floating Rate | 1.26% |
Agency Floating Rate | 0.06% |
SUBTOTAL | 13.42% |
Corporates - Investment Grade | |
Industrial | |
Basic | 1.14% |
Energy | 0.65% |
Technology | 0.64% |
Communications - Media | 0.39% |
Capital Goods | 0.38% |
Communications - Telecommunications | 0.17% |
Transportation - Airlines | 0.17% |
Consumer Cyclical - Automotive | 0.15% |
Consumer Non-Cyclical | 0.11% |
Other Industrial | 0.03% |
Consumer Cyclical - Other | 0.02% |
SUBTOTAL | 3.85% |
Financial Institutions | |
Insurance | 1.28% |
Banking | 0.95% |
REITS | 0.47% |
Brokerage | 0.17% |
Finance | 0.12% |
SUBTOTAL | 2.99% |
Credit Default Swaps | 0.71% |
SUBTOTAL | 0.71% |
Utility | |
Electric | 0.38% |
Natural Gas | 0.11% |
SUBTOTAL | 0.49% |
SUBTOTAL | 8.04% |
Interest Rate Futures | 6.94% |
Total Return Swaps | 6.89% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 3.85% |
Credit Default Swaps | 1.48% |
Non-Agency Floating Rate CMBS | 0.21% |
SUBTOTAL | 5.54% |
Emerging Markets - Sovereigns | 4.56% |
Emerging Markets - Treasuries | 4.25% |
Bank Loans | |
Industrial | |
Technology | 0.66% |
Consumer Non-Cyclical | 0.62% |
Consumer Cyclical - Retailers | 0.57% |
Consumer Cyclical - Other | 0.42% |
Other Industrial | 0.39% |
Energy | 0.24% |
Basic | 0.21% |
Consumer Cyclical - Entertainment | 0.20% |
Capital Goods | 0.13% |
Consumer Cyclical - Automotive | 0.07% |
SUBTOTAL | 3.51% |
Utility | |
Electric | 0.17% |
Natural Gas | 0.10% |
SUBTOTAL | 0.27% |
Financial Institutions | |
Insurance | 0.04% |
SUBTOTAL | 0.04% |
SUBTOTAL | 3.82% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.39% |
Communications - Telecommunications | 0.27% |
Transportation - Airlines | 0.27% |
Capital Goods | 0.21% |
Basic | 0.14% |
Consumer Cyclical - Retailers | 0.13% |
SUBTOTAL | 1.41% |
Financial Institutions | |
Finance | 0.11% |
SUBTOTAL | 0.11% |
SUBTOTAL | 1.52% |
Asset-Backed Securities | |
Home Equity Loans - Fixed Rate | 0.55% |
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 | 1.17% |
Governments - Sovereign Agencies | 0.93% |
Whole Loan Trusts | |
Performing Asset | 0.87% |
SUBTOTAL | 0.87% |
Common Stocks | 0.69% |
Preferred Stocks | |
Financial Institutions | 0.54% |
Utility | 0.03% |
SUBTOTAL | 0.57% |
Equity Futures | |
Equity Index Futures | 0.54% |
SUBTOTAL | 0.54% |
Local Governments - Municipal Bonds | 0.48% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 0.35% |
SUBTOTAL | 0.35% |
Local Governments - Regional Bonds | 0.33% |
Inflation-Linked Securities | 0.23% |
Investment Companies | |
Funds and Investment Trusts | 0.17% |
SUBTOTAL | 0.17% |
Warrants | 0.03% |
Call Options Written | -0.01% |
Currency Instruments | |
Forward Currency Exchange Contracts | -0.03% |
SUBTOTAL | -0.03% |
Interest Rate Swaps | -0.12% |
Reverse Repurchase Agreements | -9.14% |
Net Cash Equivalents | |
Cash | 1.61% |
Investment Companies | 0.56% |
Emerging Markets - Sovereigns | 0.06% |
SUBTOTAL | 2.23% |
Derivative Offsets | |
Futures Offsets | -7.46% |
Swaps Offsets | -19.72% |
SUBTOTAL | -27.18% |
Total | 100.00% |
Country Breakdown | Portfolio % |
United States | 70.75% |
Brazil | 4.64% |
United Kingdom | 3.01% |
Canada | 2.39% |
Luxembourg | 1.38% |
Mexico | 1.38% |
France | 1.33% |
Ireland | 1.31% |
Dominican Republic | 1.15% |
Argentina | 1.08% |
Indonesia | 1.02% |
Colombia | 0.91% |
Netherlands | 0.87% |
Switzerland | 0.82% |
Italy | 0.74% |
Ivory Coast | 0.69% |
Turkey | 0.65% |
United Arab Emirates | 0.55% |
Germany | 0.53% |
Venezuela | 0.45% |
Spain | 0.43% |
Croatia | 0.36% |
Jamaica | 0.34% |
Gabon | 0.23% |
Australia | 0.22% |
Angola | 0.22% |
Barbados | 0.20% |
New Zealand | 0.20% |
Portugal | 0.18% |
Trinidad & Tobago | 0.17% |
Mongolia | 0.17% |
South Africa | 0.15% |
Zambia | 0.14% |
Pakistan | 0.13% |
India | 0.11% |
Macau | 0.10% |
Cayman Islands | 0.10% |
Cameroon | 0.09% |
Sri Lanka | 0.09% |
Ecuador | 0.09% |
Guatemala | 0.08% |
Denmark | 0.08% |
El Salvador | 0.07% |
Peru | 0.07% |
Kenya | 0.06% |
Chile | 0.05% |
Finland | 0.05% |
Ethiopia | 0.05% |
Lebanon | 0.05% |
Serbia | 0.03% |
Norway | 0.02% |
Iraq | 0.02% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 93.97% |
Swedish Krona | 3.51% |
Brazilian Real | 1.94% |
Mexican Peso | 1.89% |
Indian Rupee | 1.50% |
New Turkish Lira | 0.98% |
Colombian Peso | 0.71% |
Argentine Peso | 0.57% |
Indonesian Rupiah | 0.54% |
Dominican Peso | 0.50% |
Russian Rubles | 0.02% |
Norwegian Krone | 0.02% |
Australian Dollar | 0.01% |
Taiwan New Dollar | 0.01% |
Hong Kong Dollar | 0.01% |
South African Rand | 0.01% |
Japanese Yen | -0.01% |
Great British Pound | -0.04% |
Swiss Franc | -0.47% |
Singapore Dollar | -0.49% |
Canadian Dollar | -1.47% |
Euro | -3.71% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | 4.32% |
AA | 0.73% |
A | 2.44% |
BBB | 13.69% |
BB | 28.83% |
B | 26.51% |
CCC | 8.88% |
CC | 1.35% |
C | 0.26% |
D | 1.20% |
Not Rated | 8.26% |
Short Term Investments | 0.62% |
N/A | 2.91% |
Total | 100.00% |
Bonds By Maturity | Portfolio % |
Less than 1 year | 0.64% |
1 to 5 years | 44.14% |
5 to 10 years | 39.06% |
10 to 20 years | 8.65% |
20 to 30 years | 5.28% |
More than 30 years | 1.51% |
Other | 0.72% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.44% |
Average Bond Price : | 101.32 |
Percentage of Leverage (based on Gross Assets): | |
Bank Borrowing: | 0.00% |
Investment Operations: | 26.70%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
VMTP Shares: | 0.00% |
Total Fund Leverage: | 26.70% |
Average Maturity: | 7.55 Years |
Effective Duration: | 5.05 Years |
Total Net Assets: | $1,169.51 Million |
Net Asset Value: | $13.56 |
Number of Holdings: | 1185 |
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.
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SOURCE AB Global High Income Fund, Inc.