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AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, March 27, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2017.




AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 

3.84%

2) U.S. Treasury Notes  0.875%, 4/15/19 


3.57%

3) U.S. Treasury Bonds  8.125%, 5/15/21 


2.75%

4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 

1.19%

5) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27 

1.07%

6) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.958%, 1/25/37 

0.74%

7) Argentine Bonos del Tesoro  18.20%, 10/03/21 

0.68%

8) U.S. Treasury Bonds  5.25%, 2/15/29 


0.62%

9) Dominican Republic International Bond  8.625%, 4/20/27 

0.56%

10) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27 

0.52%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Consumer Non-Cyclical


5.93%

Communications - Media


4.63%

Energy


4.38%

Communications - Telecommunications


3.25%

Basic


3.01%

Consumer Cyclical - Other


2.50%

Capital Goods


2.36%

Technology


1.99%

Consumer Cyclical - Automotive


1.63%

Consumer Cyclical - Retailers


1.37%

Services


1.01%

Transportation - Services


0.78%

Other Industrial


0.54%

Consumer Cyclical - Entertainment


0.34%

Consumer Cyclical - Restaurants


0.20%

Transportation - Airlines


0.10%

SUBTOTAL


34.02%

Financial Institutions



Banking


3.01%

Finance


0.87%

Other Finance


0.52%

Insurance


0.35%

REITS


0.04%

Brokerage


0.01%

SUBTOTAL


4.80%

Utility



Electric


1.24%

SUBTOTAL


1.24%

Credit Default Swaps


-0.03%

SUBTOTAL


-0.03%

SUBTOTAL


40.03%

Global Governments


13.90%

Collateralized Mortgage Obligations



Risk Share Floating Rate


9.00%

Non-Agency Fixed Rate


2.43%

Non-Agency Floating Rate


1.16%

SUBTOTAL


12.59%

Interest Rate Futures


8.87%

Corporates - Investment Grade



Industrial



Basic


1.01%

Technology


0.66%

Energy


0.64%

Communications - Telecommunications


0.48%

Capital Goods


0.41%

Communications - Media


0.31%

Consumer Cyclical - Automotive


0.15%

Transportation - Airlines


0.08%

Consumer Non-Cyclical


0.04%

Other Industrial


0.03%

Consumer Cyclical - Other


0.01%

SUBTOTAL


3.82%

Financial Institutions



Banking


1.27%

Insurance


1.21%

REITS


0.47%

Brokerage


0.16%

Finance


0.05%

SUBTOTAL


3.16%

Credit Default Swaps


0.91%

SUBTOTAL


0.91%

Utility



Electric


0.29%

Natural Gas


0.11%

SUBTOTAL


0.40%

SUBTOTAL


8.29%

Commercial Mortgage-Backed Securities



Credit Default Swaps


3.90%

Non-Agency Fixed Rate CMBS


3.13%

Non-Agency Floating Rate CMBS


0.03%

SUBTOTAL


7.06%

Interest Rate Swaps


6.30%

Emerging Markets - Treasuries


6.10%

Emerging Markets - Sovereigns


5.69%

Total Return Swaps


5.52%

Bank Loans



Industrial



Technology


0.73%

Consumer Non-Cyclical


0.54%

Other Industrial


0.43%

Consumer Cyclical - Other


0.39%

Capital Goods


0.32%

Consumer Cyclical - Retailers


0.29%

Energy


0.25%

Consumer Cyclical - Entertainment


0.19%

Basic


0.11%

Consumer Cyclical - Automotive


0.07%

SUBTOTAL


3.32%

Utility



Electric


0.17%

SUBTOTAL


0.17%

Financial Institutions



Insurance


0.04%

SUBTOTAL


0.04%

SUBTOTAL


3.53%

Emerging Markets - Corporate Bonds



Industrial



Consumer Non-Cyclical


0.47%

Communications - Telecommunications


0.43%

Basic


0.38%

Transportation - Airlines


0.26%

Capital Goods


0.24%

Transportation - Services


0.14%

Consumer Cyclical - Retailers


0.01%

SUBTOTAL


1.93%

Non Corporate Sectors



Treasuries


0.30%

SUBTOTAL


0.30%

Financial Institutions



Finance


0.11%

SUBTOTAL


0.11%

SUBTOTAL


2.34%

Preferred Stocks



Industrial


0.81%

Financial Institutions


0.67%

Utility


0.03%

SUBTOTAL


1.51%

Asset-Backed Securities



Home Equity Loans - Fixed Rate


0.51%

Home Equity Loans - Floating Rate


0.21%

Other ABS - Fixed Rate


0.16%

Other ABS - Floating Rate


0.16%

Autos - Fixed Rate


0.06%

SUBTOTAL


1.10%

Governments - Sovereign Agencies


0.99%

Inflation-Linked Securities


0.74%

Whole Loan Trusts



Performing Asset


0.71%

SUBTOTAL


0.71%

Common Stocks


0.62%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.46%

SUBTOTAL


0.46%

Local Governments - Municipal Bonds


0.45%

Local Governments - Regional Bonds


0.39%

Equity Futures



Equity Index Futures


0.26%

SUBTOTAL


0.26%

Investment Companies



Funds and Investment Trusts


0.16%

SUBTOTAL


0.16%

Options Purchased - Calls



Options on Forward Contracts


0.09%

SUBTOTAL


0.09%

Warrants


0.06%

Options Purchased - Puts



Options on Equities


0.03%

SUBTOTAL


0.03%

Call Options Written


-0.04%

Put Options Written


-0.04%

Currency Instruments



Forward Currency Exchange Contracts


-0.10%

SUBTOTAL


-0.10%

Reverse Repurchase Agreements


-7.68%

Net Cash Equivalents



Investment Companies


4.13%

Cash


1.34%

Emerging Markets - Treasuries


0.28%

Foreign Currency


0.01%

SUBTOTAL


5.76%

Derivative Offsets



Futures Offsets


-9.11%

Swaps Offsets


-16.58%

SUBTOTAL


-25.69%

Total


100.00%




Country Breakdown


Portfolio %

United States


65.98%

Brazil


5.94%

Argentina


2.96%

United Kingdom


2.79%

Canada


2.08%

Luxembourg


1.53%

Indonesia


1.34%

South Africa


1.32%

Mexico


1.28%

France


1.24%

Dominican Republic


1.21%

Ireland


0.97%

Colombia


0.87%

Turkey


0.83%

Switzerland


0.80%

Russia


0.75%

Italy


0.71%

Spain


0.65%

Ivory Coast


0.58%

Egypt


0.51%

Venezuela


0.47%

Netherlands


0.38%

Jamaica


0.36%

Croatia


0.34%

Germany


0.32%

United Arab Emirates


0.30%

India


0.29%

Gabon


0.23%

Angola


0.20%

Barbados


0.20%

Mongolia


0.18%

Trinidad & Tobago


0.17%

Macau


0.16%

Guatemala


0.16%

Australia


0.16%

Zambia


0.15%

Norway


0.15%

Pakistan


0.13%

Bahamas


0.12%

Cayman Islands


0.11%

Cameroon


0.11%

Ecuador


0.10%

Honduras


0.09%

Sri Lanka


0.09%

Nigeria


0.09%

Peru


0.08%

Bahrain


0.07%

New Zealand


0.06%

El Salvador


0.06%

Kenya


0.06%

Jordan


0.05%

Lebanon


0.05%

Chile


0.04%

Finland


0.04%

Ethiopia


0.04%

Iraq


0.02%

Serbia


0.02%

Portugal


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


95.63%

Indian Rupee


2.01%

Argentine Peso


1.78%

Colombian Peso


1.72%

Indonesian Rupiah


1.44%

South African Rand


1.34%

Russian Rubles


1.24%

Brazilian Real


1.20%

New Turkish Lira


0.56%

Chilean Peso


0.49%

Dominican Peso


0.47%

Egypt Pound


0.28%

Peruvian Sol


0.25%

Canadian Dollar


0.17%

Hong Kong Dollar


0.02%

Norwegian Krone


0.02%

Japanese Yen


-0.01%

Swedish Krona


-0.05%

Mexican Peso


-0.28%

Great British Pound


-0.49%

Taiwan New Dollar


-0.50%

Chinese Yuan Renminbi


-0.85%

Swiss Franc


-0.91%

Chinese Yuan Renminbi (Offshore)


-0.98%

Australian Dollar


-0.99%

New Zealand Dollar


-1.00%

Euro


-2.56%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


9.73%

AA


0.70%

A


2.52%

BBB


15.10%

BB


29.32%

B


25.06%

CCC


7.47%

CC


1.22%

C


0.04%

D


1.84%

Not Rated


7.04%

Short Term Investments


4.40%

Reverse Repurchase Agreements


-7.68%

N/A


3.24%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


7.07%

1 to 5 years


38.22%

5 to 10 years


38.90%

10 to 20 years


8.02%

20 to 30 years


5.52%

More Than 30 years


1.60%

Other


0.67%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.86%

Average Bond Price:


101.88

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


47.70%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


47.70%

Average Maturity:


8.15  Years

Effective Duration:


5.68  Years

Total Net Assets:


$1,197.30 Million

Net Asset Value:


$13.88

Number of Holdings:


1275

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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-300429846.html