ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND 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.
