ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND NEW YORK, Aug. 26, 2016 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31, 2016.
AB Global High Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Notes 0.875%, 4/15/19 5.48%
2) U.S. Treasury Bonds 8.125%, 5/15/21 3.03%
3) Brazil Notas do Tesouro Nacional Series F
10.00%, 1/01/21 -1/01/27 2.92%
4) U.S. Treasury Notes 1.25%, 1/31/20 1.10%
5) Wachovia Mortgage Loan Trust Series Series
2006-ALT1, Class A2 0.667%, 1/25/37 0.85%
6) U.S. Treasury Notes 2.25%, 11/15/25 0.79%
7) U.S. Treasury Bonds 5.25%, 2/15/29 0.71%
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 0.51%
Investment Type Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 7.17%
Communications - Media 5.07%
Energy 5.04%
Communications - Telecommunications 3.72%
Capital Goods 3.23%
Consumer Cyclical - Other 3.14%
Basic 2.91%
Technology 2.60%
Consumer Cyclical - Retailers 1.88%
Consumer Cyclical - Automotive 1.61%
Other Industrial 1.03%
Transportation - Services 0.87%
Services 0.68%
Consumer Cyclical - Entertainment 0.56%
Transportation - Airlines 0.42%
Consumer Cyclical - Restaurants 0.28%
SUBTOTAL 40.21%
Credit Default Swaps 11.40%
SUBTOTAL 11.40%
Financial Institutions
Banking 2.71%
Finance 0.92%
Other Finance 0.46%
Insurance 0.36%
REITS 0.03%
Brokerage 0.01%
SUBTOTAL 4.49%
Utility
Electric 1.49%
SUBTOTAL 1.49%
SUBTOTAL 57.59%
Global Governments 15.86%
Collateralized Mortgage Obligations
Risk Share Floating Rate 8.83%
Non-Agency Fixed Rate 2.79%
Non-Agency Floating Rate 1.32%
SUBTOTAL 12.94%
Corporates - Investment Grade
Industrial
Basic 1.61%
Technology 0.79%
Energy 0.63%
Capital Goods 0.39%
Communications - Media 0.27%
Communications - Telecommunications 0.17%
Transportation - Airlines 0.17%
Consumer Non-Cyclical 0.12%
Other Industrial 0.03%
Consumer Cyclical - Other 0.02%
SUBTOTAL 4.20%
Financial Institutions
Insurance 1.29%
Banking 0.52%
REITS 0.47%
Finance 0.28%
Brokerage 0.17%
SUBTOTAL 2.73%
Credit Default Swaps 0.71%
SUBTOTAL 0.71%
Utility
Electric 0.38%
Natural Gas 0.11%
SUBTOTAL 0.49%
SUBTOTAL 8.13%
Total Return Swaps 6.41%
Interest Rate Futures 5.51%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.93%
Credit Default Swaps 0.82%
Non-Agency Floating Rate CMBS 0.21%
SUBTOTAL 4.96%
Emerging Markets - Sovereigns 3.81%
Emerging Markets - Treasuries 3.71%
Bank Loans
Industrial
Technology 0.60%
Consumer Non-Cyclical 0.59%
Consumer Cyclical - Retailers 0.58%
Consumer Cyclical - Other 0.45%
Other Industrial 0.39%
Basic 0.27%
Consumer Cyclical - Entertainment 0.24%
Capital Goods 0.11%
Consumer Cyclical - Automotive 0.07%
SUBTOTAL 3.30%
Utility
Electric 0.17%
SUBTOTAL 0.17%
Financial Institutions
Insurance 0.04%
SUBTOTAL 0.04%
SUBTOTAL 3.51%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.40%
Transportation - Airlines 0.28%
Consumer Cyclical - Retailers 0.27%
Communications - Telecommunications 0.24%
Basic 0.20%
Capital Goods 0.19%
SUBTOTAL 1.58%
Financial Institutions
Finance 0.11%
SUBTOTAL 0.11%
SUBTOTAL 1.69%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 0.67%
Other ABS - Fixed Rate 0.17%
Home Equity Loans - Floating Rate 0.16%
Other ABS - Floating Rate 0.12%
Autos - Fixed Rate 0.06%
SUBTOTAL 1.18%
Governments - Sovereign Agencies 1.00%
Whole Loan Trusts
Performing Asset 0.90%
SUBTOTAL 0.90%
Common Stocks 0.69%
Local Governments - Municipal Bonds 0.60%
Preferred Stocks
Financial Institutions 0.55%
Utility 0.03%
SUBTOTAL 0.58%
Equity Futures
Equity Index Futures 0.45%
SUBTOTAL 0.45%
Local Governments - Regional Bonds 0.27%
Inflation-Linked Securities 0.22%
Quasi-Sovereigns
Quasi-Sovereign Bonds 0.22%
SUBTOTAL 0.22%
Investment Companies
Funds and Investment Trusts 0.17%
SUBTOTAL 0.17%
Warrants 0.03%
Options Purchased - Puts
Options on Equities 0.01%
SUBTOTAL 0.01%
Put Options Written -0.01%
Currency Instruments
Forward Currency Exchange Contracts -0.06%
SUBTOTAL -0.06%
Interest Rate Swaps -0.06%
Reverse Repurchase Agreements -9.71%
Net Cash Equivalents
Investment Companies 2.04%
Cash 1.85%
Emerging Markets - Sovereigns 0.10%
SUBTOTAL 3.99%
Derivative Offsets
Futures Offsets -5.92%
Swaps Offsets -18.67%
SUBTOTAL -24.59%
Total 100.00%
Country Breakdown Portfolio %
United States 71.34%
Brazil 5.26%
United Kingdom 2.98%
Canada 2.21%
Mexico 1.34%
Ireland 1.32%
Luxembourg 1.32%
Dominican Republic 1.18%
France 1.17%
Indonesia 1.02%
Argentina 0.87%
Switzerland 0.83%
Netherlands 0.81%
Italy 0.75%
Ivory Coast 0.68%
Turkey 0.66%
Colombia 0.65%
United Arab Emirates 0.57%
Venezuela 0.48%
Germany 0.47%
South Africa 0.41%
Croatia 0.36%
Spain 0.34%
Jamaica 0.30%
Ghana 0.21%
Barbados 0.20%
New Zealand 0.20%
Australia 0.20%
Angola 0.19%
Portugal 0.19%
Trinidad & Tobago 0.17%
Gabon 0.15%
Zambia 0.13%
Pakistan 0.13%
India 0.12%
Macau 0.10%
Sri Lanka 0.10%
Guatemala 0.08%
Cayman Islands 0.08%
Denmark 0.08%
El Salvador 0.07%
Peru 0.07%
Kenya 0.06%
Chile 0.05%
Finland 0.05%
Serbia 0.03%
Norway 0.02%
Total 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 98.39%
Mexican Peso 1.97%
Indian Rupee 1.52%
New Turkish Lira 1.45%
South African Rand 1.31%
Russian Rubles 1.20%
Brazilian Real 1.14%
Indonesian Rupiah 0.55%
Dominican Peso 0.51%
Argentine Peso 0.47%
Colombian Peso 0.44%
Swedish Krona -0.01%
Great British Pound -0.04%
Swiss Franc -0.48%
Singapore Dollar -0.51%
Euro -0.54%
Australian Dollar -0.96%
Taiwan New Dollar -0.98%
Japanese Yen -0.98%
Norwegian Krone -0.99%
Canadian Dollar -1.43%
Chinese Yuan Renminbi (Offshore) -2.03%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 4.34%
AA 0.82%
A 2.17%
BBB 13.11%
BB 27.72%
B 22.97%
CCC 10.06%
CC 1.14%
C 0.27%
D 1.21%
Not Rated 11.21%
Short Term Investments 2.14%
N/A 2.84%
Total 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 1.71%
1 to 5 years 43.27%
5 to 10 years 37.80%
10 to 20 years 9.54%
20 to 30 years 5.64%
More than 30 years 1.33%
Other 0.71%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.31%
Average Bond Price : 100.66
Percentage of Leverage (based on Gross Assets):
Bank Borrowing: 0.00%
Investment Operations: 36.31%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 36.31%
Average Effective Maturity: 7.54 Years
Effective Duration: 4.77 Years
Total Net Assets: $1,155.74 Million
Net Asset Value: $13.40
Number of Holdings: 1183
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.
