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