AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, July 24, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. AWF (the "Fund") today released its monthly portfolio update as of June 30, 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 

3.55%

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


3.54%

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


2.69%

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

1.07%

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

0.97%

6) U.S. Treasury Bonds  6.25%, 5/15/30 


0.92%

7) Mexican Bonos Series M 6.50%, 6/10/21 

0.88%

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

0.75%

9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.396%, 1/25/37 

0.70%

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


0.62%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Communications - Media


4.37%

Consumer Non-Cyclical


4.16%

Energy


3.45%

Communications - Telecommunications


3.03%

Basic


2.97%

Consumer Cyclical - Other


2.86%

Capital Goods


1.98%

Technology


1.56%

Services


1.52%

Other Industrial


1.17%

Transportation - Services


1.12%

Consumer Cyclical - Retailers


1.11%

Consumer Cyclical - Automotive


1.02%

Consumer Cyclical - Entertainment


0.28%

Consumer Cyclical - Restaurants


0.19%

Transportation - Airlines


0.10%

SUBTOTAL


30.89%

Financial Institutions



Banking


3.21%

Finance


0.97%

Insurance


0.38%

Other Finance


0.34%

Brokerage


0.14%

REITS


0.04%

SUBTOTAL


5.08%

Utility



Electric


1.12%

Natural Gas


0.02%

SUBTOTAL


1.14%

Credit Default Swaps


0.87%

SUBTOTAL


0.87%

Performing Asset



Other Finance


0.03%

SUBTOTAL


0.03%

SUBTOTAL


38.01%

Global Governments


15.70%

Collateralized Mortgage Obligations



Risk Share Floating Rate


9.08%

Non-Agency Fixed Rate


1.85%

Non-Agency Floating Rate


1.13%

SUBTOTAL


12.06%

Corporates - Investment Grade



Industrial



Basic


0.86%

Energy


0.71%

Technology


0.56%

Communications - Telecommunications


0.44%

Communications - Media


0.43%

Capital Goods


0.26%

Consumer Cyclical - Automotive


0.23%

Consumer Cyclical - Other


0.15%

Transportation - Airlines


0.08%

Services


0.06%

Consumer Non-Cyclical


0.03%

SUBTOTAL


3.81%

Financial Institutions



Banking


1.37%

Insurance


1.06%

REITS


0.67%

Brokerage


0.16%

Finance


0.02%

SUBTOTAL


3.28%

Credit Default Swaps


0.92%

SUBTOTAL


0.92%

Utility



Electric


0.12%

SUBTOTAL


0.12%

SUBTOTAL


8.13%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.36%

Non-Agency Fixed Rate CMBS


2.51%

Non-Agency Floating Rate CMBS


0.20%

SUBTOTAL


7.07%

Emerging Markets - Sovereigns


6.84%

Interest Rate Futures


6.36%

Emerging Markets - Treasuries


6.09%

Total Return Swaps


4.88%

Emerging Markets - Corporate Bonds



Industrial



Basic


0.84%

Energy


0.83%

Communications - Telecommunications


0.59%

Consumer Non-Cyclical


0.44%

Capital Goods


0.26%

Transportation - Airlines


0.21%

Consumer Cyclical - Other


0.21%

Transportation - Services


0.14%

Other Industrial


0.06%

Technology


0.05%

Consumer Cyclical - Retailers


0.03%

SUBTOTAL


3.66%

Financial Institutions



Banking


0.27%

Insurance


0.07%

Finance


0.05%

Other Finance


0.04%

SUBTOTAL


0.43%

SUBTOTAL


4.09%

Bank Loans



Industrial



Technology


0.52%

Consumer Non-Cyclical


0.47%

Consumer Cyclical - Retailers


0.47%

Energy


0.24%

Capital Goods


0.23%

Consumer Cyclical - Other


0.22%

Consumer Cyclical - Entertainment


0.19%

Other Industrial


0.12%

Services


0.09%

Basic


0.08%

Consumer Cyclical - Automotive


0.07%

SUBTOTAL


2.70%

Financial Institutions



Insurance


0.04%

SUBTOTAL


0.04%

SUBTOTAL


2.74%

Interest Rate Swaps


2.51%

Preferred Stocks



Financial Institutions


0.78%

Industrial


0.66%

Utility


0.03%

SUBTOTAL


1.47%

Inflation-Linked Securities


1.23%

Common Stocks


1.20%

Asset-Backed Securities



Home Equity Loans - Fixed Rate


0.68%

Other ABS - Fixed Rate


0.41%

Autos - Fixed Rate


0.06%

Home Equity Loans - Floating Rate


0.03%

SUBTOTAL


1.18%

Whole Loan Trusts



Performing Asset


0.59%

SUBTOTAL


0.59%

Local Governments - Regional Bonds


0.53%

Local Governments - US Municipal Bonds


0.45%

Equity Futures



Equity Index Futures


0.29%

SUBTOTAL


0.29%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.27%

SUBTOTAL


0.27%

Collateralized Loan Obligations



CLO - Floating Rate


0.11%

SUBTOTAL


0.11%

Options Purchased - Calls



Options on Forward Contracts


0.03%

Swaptions


0.01%

SUBTOTAL


0.04%

Warrants


0.02%

Call Options Written


-0.01%

Put Options Written


-0.09%

Currency Instruments



Forward Currency Exchange Contracts


-0.47%

SUBTOTAL


-0.47%

Reverse Repurchase Agreements


-4.06%

Net Cash Equivalents



Investment Companies


1.51%

Cash


1.30%

Governments - Sovereign Bonds


0.44%

SUBTOTAL


3.25%

Derivative Offsets



Futures Offsets


-6.64%

Swaps Offsets


-13.84%

SUBTOTAL


-20.48%

Total


100.00%




Country Breakdown


Portfolio %

United States


63.13%

Brazil


5.68%

Argentina


3.01%

United Kingdom


2.95%

Mexico


2.74%

Luxembourg


1.53%

South Africa


1.52%

Canada


1.48%

Turkey


1.35%

Indonesia


1.33%

Dominican Republic


1.24%

France


1.15%

Italy


0.95%

Colombia


0.79%

Russia


0.77%

Ireland


0.75%

Switzerland


0.75%

Egypt


0.59%

Spain


0.52%

Ivory Coast


0.52%

Ukraine


0.45%

Malaysia


0.44%

Cayman Islands


0.43%

Netherlands


0.40%

Jamaica


0.38%

Venezuela


0.38%

Germany


0.33%

Trinidad & Tobago


0.33%

United Arab Emirates


0.31%

India


0.29%

Zambia


0.28%

Ecuador


0.26%

Gabon


0.24%

Angola


0.19%

Mongolia


0.18%

Honduras


0.18%

Bermuda


0.18%

Norway


0.17%

Macau


0.17%

Guatemala


0.16%

Sri Lanka


0.15%

Sweden


0.13%

Pakistan


0.13%

Cameroon


0.12%

Bahrain


0.10%

Nigeria


0.09%

Peru


0.08%

Australia


0.07%

New Zealand


0.06%

El Salvador


0.06%

Kenya


0.06%

Uruguay


0.05%

Jordan


0.05%

Finland


0.05%

Senegal


0.05%

Lebanon


0.05%

Ethiopia


0.05%

Chile


0.04%

Hong Kong


0.04%

Belarus


0.02%

Iraq


0.02%

Serbia


0.02%

Portugal


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


99.89%

Chinese Yuan Renminbi (Offshore)


1.62%

Norwegian Krone


1.51%

New Turkish Lira


1.51%

Argentine Peso


1.48%

Indonesian Rupiah


1.47%

Mexican Peso


1.22%

Malaysian Ringgit


1.00%

Euro


0.88%

Brazilian Real


0.59%

Chilean Peso


0.48%

Dominican Peso


0.47%

Colombian Peso


0.46%

Egypt Pound


0.44%

Peruvian Sol


0.25%

Russian Rubles


0.22%

Uruguayan Peso


0.06%

South African Rand


0.02%

Indian Rupee


0.01%

Swedish Krona


-0.06%

Japanese Yen


-0.08%

Canadian Dollar


-0.96%

Swiss Franc


-1.32%

Australian Dollar


-1.45%

South Korean Won


-1.49%

Great British Pound


-1.56%

Chinese Yuan Renminbi


-1.63%

Taiwan New Dollar


-2.00%

Singapore Dollar


-3.03%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


10.47%

AA


0.77%

A


3.65%

BBB


15.06%

BB


29.56%

B


24.22%

CCC


7.74%

CC


0.74%

C


0.13%

D


0.41%

Not Rated


5.98%

Short Term Investments


1.96%

Reverse Repurchase Agreements


-4.06%

N/A


3.37%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


6.32%

1 to 5 years


39.80%

5 to 10 years


37.00%

10 to 20 years


9.37%

20 to 30 years


4.86%

More Than 30 years


1.43%

Other


1.22%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.09%

Average Bond Price:


N/A

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


37.50%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


37.50%

Average Maturity:


7.26  Years

Effective Duration:


4.85  Years

Total Net Assets:


$1,206.38 Million

Net Asset Value:


$13.97

Number of Holdings:


1243

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.

 

View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-300493056.html

SOURCE AB Global High Income Fund, Inc.

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