ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND NEW YORK, July 25, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2016.
AB Global High Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Notes 0.875%, 4/15/19 5.61%
2) U.S. Treasury Bonds 8.125%, 5/15/21 3.11%
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/27 2.88%
4) U.S. Treasury Notes 1.25%, 1/31/20 1.12%
5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.633%, 1/25/37 0.81%
6) U.S. Treasury Notes 2.25%, 11/15/25 0.80%
7) U.S. Treasury Bonds 5.25%, 2/15/29 0.72%
8) Ivory Coast Government International Bond 5.75%, 12/31/32 0.62%
9) Dominican Republic International Bond 8.625%, 4/20/27 0.60%
10) Dominican Republic International Bond 16.00%, 7/10/20 0.53%
Investment Type Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 7.16%
Communications - Media 5.47%
Energy 5.32%
Communications - Telecommunications 3.70%
Capital Goods 3.13%
Consumer Cyclical - Other 3.11%
Basic 2.91%
Technology 2.68%
Consumer Cyclical - Retailers 2.03%
Consumer Cyclical - Automotive 1.58%
Other Industrial 1.20%
Transportation - Services 0.88%
Services 0.83%
Consumer Cyclical - Entertainment 0.62%
Transportation - Airlines 0.43%
Consumer Cyclical - Restaurants 0.28%
SUBTOTAL 41.33%
Credit Default Swaps 11.60%
SUBTOTAL 11.60%
Financial Institutions
Banking 3.06%
Finance 1.26%
Other Finance 0.47%
Insurance 0.36%
REITS 0.03%
Brokerage 0.01%
SUBTOTAL 5.19%
Utility
Electric 1.71%
SUBTOTAL 1.71%
SUBTOTAL 59.83%
Global Governments 16.29%
Collateralized Mortgage Obligations
Risk Share Floating Rate 8.49%
Non-Agency Fixed Rate 2.86%
Non-Agency Floating Rate 1.30%
SUBTOTAL 12.65%
Corporates - Investment Grade
Industrial
Basic 1.57%
Technology 0.71%
Energy 0.68%
Capital Goods 0.39%
Communications - Media 0.27%
Transportation - Airlines 0.18%
Communications - Telecommunications 0.17%
Consumer Non-Cyclical 0.12%
Other Industrial 0.03%
Consumer Cyclical - Other 0.02%
SUBTOTAL 4.14%
Financial Institutions
Insurance 1.32%
Banking 0.57%
REITS 0.48%
Brokerage 0.17%
SUBTOTAL 2.54%
Credit Default Swaps 0.73%
SUBTOTAL 0.73%
Utility
Electric 0.39%
Natural Gas 0.11%
SUBTOTAL 0.50%
SUBTOTAL 7.91%
Total Return Swaps 5.96%
Interest Rate Futures 5.73%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.94%
Credit Default Swaps 0.82%
Non-Agency Floating Rate CMBS 0.21%
SUBTOTAL 4.97%
Emerging Markets - Sovereigns 3.86%
Emerging Markets - Treasuries 3.68%
Bank Loans
Industrial
Consumer Cyclical - Retailers 0.58%
Technology 0.50%
Consumer Non-Cyclical 0.49%
Consumer Cyclical - Other 0.46%
Other Industrial 0.40%
Basic 0.27%
Consumer Cyclical - Entertainment 0.24%
Capital Goods 0.11%
Consumer Cyclical - Automotive 0.07%
SUBTOTAL 3.12%
Utility
Electric 0.18%
SUBTOTAL 0.18%
Financial Institutions
Insurance 0.04%
SUBTOTAL 0.04%
SUBTOTAL 3.34%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.40%
Consumer Cyclical - Retailers 0.28%
Capital Goods 0.27%
Transportation - Airlines 0.26%
Communications - Telecommunications 0.22%
Basic 0.20%
SUBTOTAL 1.63%
Financial Institutions
Finance 0.10%
SUBTOTAL 0.10%
SUBTOTAL 1.73%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 0.67%
Other ABS - Fixed Rate 0.18%
Home Equity Loans - Floating Rate 0.16%
Other ABS - Floating Rate 0.12%
Autos - Fixed Rate 0.06%
SUBTOTAL 1.19%
Governments - Sovereign Agencies 1.09%
Whole Loan Trusts
Performing Asset 0.94%
SUBTOTAL 0.94%
Common Stocks 0.72%
Preferred Stocks
Financial Institutions 0.63%
Utility 0.03%
SUBTOTAL 0.66%
Local Governments - Municipal Bonds 0.60%
Currency Instruments
Forward Currency Exchange Contracts 0.29%
SUBTOTAL 0.29%
Local Governments - Regional Bonds 0.27%
Equity Futures
Equity Index Futures 0.25%
SUBTOTAL 0.25%
Quasi-Sovereigns
Quasi-Sovereign Bonds 0.22%
SUBTOTAL 0.22%
Inflation-Linked Securities 0.20%
Investment Companies
Funds and Investment Trusts 0.17%
SUBTOTAL 0.17%
Warrants 0.03%
Put Options Written -0.02%
Call Options Written -0.04%
Interest Rate Swaps -0.32%
Reverse Repurchase Agreements -11.46%
Net Cash Equivalents
Cash 3.07%
Investment Companies 0.59%
Emerging Markets - Sovereigns 0.12%
Repurchase Agreements -0.09%
SUBTOTAL 3.69%
Derivative Offsets
Futures Offsets -5.90%
Swaps Offsets -18.53%
SUBTOTAL -24.43%
Total 100.00%
Country Breakdown Portfolio %
United States 70.97%
Brazil 5.22%
United Kingdom 2.93%
Canada 2.22%
Mexico 1.43%
Ireland 1.32%
Luxembourg 1.32%
France 1.31%
Dominican Republic 1.21%
Netherlands 0.95%
Argentina 0.90%
Switzerland 0.82%
Italy 0.73%
Colombia 0.70%
Turkey 0.69%
Ivory Coast 0.67%
Indonesia 0.58%
United Arab Emirates 0.58%
Venezuela 0.48%
Germany 0.46%
Spain 0.41%
Bermuda 0.39%
South Africa 0.39%
Croatia 0.36%
Ghana 0.31%
Jamaica 0.28%
New Zealand 0.20%
Angola 0.20%
Australia 0.20%
Barbados 0.20%
Portugal 0.19%
Trinidad & Tobago 0.16%
Zambia 0.13%
Pakistan 0.13%
India 0.12%
Macau 0.10%
Sri Lanka 0.09%
Cayman Islands 0.08%
Guatemala 0.08%
Denmark 0.08%
Peru 0.07%
Gabon 0.07%
Kenya 0.06%
El Salvador 0.06%
Finland 0.05%
Chile 0.05%
Serbia 0.03%
Norway 0.02%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 96.39%
Mexican Peso 3.04%
Indian Rupee 1.99%
South African Rand 1.85%
Russian Rubles 1.74%
Brazilian Real 0.97%
Indonesian Rupiah 0.55%
Dominican Peso 0.53%
New Turkish Lira 0.52%
Colombian Peso 0.48%
Argentine Peso 0.47%
Hungarian Forint 0.17%
Norwegian Krone 0.01%
Swedish Krona 0.01%
Euro -0.43%
Swiss Franc -0.49%
Singapore Dollar -0.52%
Great British Pound -0.84%
Australian Dollar -0.96%
Taiwan New Dollar -0.99%
Japanese Yen -1.03%
Canadian Dollar -1.49%
Chinese Yuan Renminbi -1.97%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 3.28%
AA 0.82%
A 2.22%
BBB 13.61%
BB 28.58%
B 23.44%
CCC 10.09%
CC 1.07%
C 0.27%
D 1.20%
Not Rated 10.71%
Short Term Investments 0.63%
N/A 4.08%
Total 100.00%
Bonds By Maturity Portfolio %
Less than 1 year -0.53%
1 to 5 years 42.11%
5 to 10 years 41.20%
10 to 20 years 8.97%
20 to 30 years 5.89%
More than 30 years 1.62%
Other 0.74%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.45%
Average Bond Price : 97.25
Percentage of Leverage (based on Gross Assets):
Bank Borrowing: 0.00%
Investment Operations: 37.40%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 37.40%
Average Effective Maturity: 8.00 Years
Effective Duration: 5.02 Years
Total Net Assets: $1,129.69 Million
Net Asset Value: $13.10
Number of Holdings: 1192
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.
