ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND NEW YORK, Jan. 23, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2016.
AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) U.S. Treasury Notes 0.875%, 4/15/19 3.67%
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 2.97%
3) U.S. Treasury Bonds 8.125%, 5/15/21 2.85%
4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 1.03%
5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.936%, 1/25/37 0.78%
6) U.S. Treasury Bonds 5.25%, 2/15/29 0.63%
7) Dominican Republic International Bond 8.625%, 4/20/27 0.55%
8) Dominican Republic International Bond 16.00%, 7/10/20 0.50%
9) Russian Federal Bond - OFZ Series 6217 7.50%, 8/18/21 0.49%
10) Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 0.47%
2014-HQ3, Class M3 5.506%, 10/25/24
Investment Type Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 6.16%
Energy 5.30%
Communications - Media 5.12%
Communications - Telecommunications 3.64%
Basic 3.44%
Consumer Cyclical - Other 3.16%
Capital Goods 3.01%
Technology 2.44%
Consumer Cyclical - Automotive 2.03%
Consumer Cyclical - Retailers 1.67%
Services 1.05%
Transportation - Services 0.80%
Other Industrial 0.69%
Consumer Cyclical - Entertainment 0.50%
Consumer Cyclical - Restaurants 0.29%
Transportation - Airlines 0.11%
SUBTOTAL 39.41%
Financial Institutions
Banking 3.05%
Finance 1.03%
Other Finance 0.58%
Insurance 0.35%
REITS 0.04%
Brokerage 0.01%
SUBTOTAL 5.06%
Utility
Electric 1.31%
SUBTOTAL 1.31%
Credit Default Swaps -1.67%
SUBTOTAL -1.67%
SUBTOTAL 44.11%
Interest Rate Futures 15.03%
Global Governments 13.15%
Collateralized Mortgage Obligations
Risk Share Floating Rate 9.06%
Non-Agency Fixed Rate 2.57%
Non-Agency Floating Rate 1.20%
Agency Floating Rate 0.06%
SUBTOTAL 12.89%
Corporates - Investment Grade
Industrial
Basic 1.21%
Energy 0.76%
Technology 0.65%
Capital Goods 0.41%
Communications - Telecommunications 0.30%
Consumer Non-Cyclical 0.29%
Communications - Media 0.26%
Transportation - Airlines 0.16%
Consumer Cyclical - Automotive 0.15%
Other Industrial 0.03%
Consumer Cyclical - Other 0.01%
SUBTOTAL 4.23%
Financial Institutions
Insurance 1.23%
Banking 0.99%
REITS 0.48%
Brokerage 0.17%
Finance 0.12%
SUBTOTAL 2.99%
Credit Default Swaps 0.93%
SUBTOTAL 0.93%
Utility
Electric 0.47%
Natural Gas 0.11%
SUBTOTAL 0.58%
SUBTOTAL 8.73%
Commercial Mortgage-Backed Securities
Credit Default Swaps 4.06%
Non-Agency Fixed Rate CMBS 3.29%
Non-Agency Floating Rate CMBS 0.20%
SUBTOTAL 7.55%
Total Return Swaps 6.45%
Interest Rate Swaps 6.37%
Emerging Markets - Sovereigns 4.94%
Bank Loans
Industrial
Technology 0.85%
Consumer Non-Cyclical 0.62%
Consumer Cyclical - Retailers 0.57%
Other Industrial 0.44%
Consumer Cyclical - Other 0.43%
Energy 0.37%
Capital Goods 0.23%
Consumer Cyclical - Entertainment 0.19%
Basic 0.15%
Consumer Cyclical - Automotive 0.08%
SUBTOTAL 3.93%
Utility
Electric 0.17%
SUBTOTAL 0.17%
Financial Institutions
Insurance 0.04%
SUBTOTAL 0.04%
SUBTOTAL 4.14%
Emerging Markets - Treasuries 3.88%
Emerging Markets - Corporate Bonds
Industrial
Communications - Telecommunications 0.42%
Consumer Non-Cyclical 0.39%
Capital Goods 0.33%
Transportation - Airlines 0.27%
Basic 0.19%
Consumer Cyclical - Retailers 0.02%
SUBTOTAL 1.62%
Financial Institutions
Finance 0.11%
SUBTOTAL 0.11%
SUBTOTAL 1.73%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 0.56%
Home Equity Loans - Floating Rate 0.22%
Other ABS - Fixed Rate 0.17%
Other ABS - Floating Rate 0.15%
Autos - Fixed Rate 0.06%
SUBTOTAL 1.16%
Governments - Sovereign Agencies 1.12%
Preferred Stocks
Industrial 0.58%
Financial Institutions 0.47%
Utility 0.03%
SUBTOTAL 1.08%
Whole Loan Trusts
Performing Asset 0.76%
SUBTOTAL 0.76%
Common Stocks 0.60%
Inflation-Linked Securities 0.50%
Currency Instruments
Forward Currency Exchange Contracts 0.47%
SUBTOTAL 0.47%
Local Governments - Municipal Bonds 0.47%
Quasi-Sovereigns
Quasi-Sovereign Bonds 0.43%
SUBTOTAL 0.43%
Local Governments - Regional Bonds 0.40%
Equity Futures
Equity Index Futures 0.26%
SUBTOTAL 0.26%
Investment Companies
Funds and Investment Trusts 0.16%
SUBTOTAL 0.16%
Warrants 0.07%
Options Purchased - Calls
Options on Forward Contracts 0.04%
SUBTOTAL 0.04%
Options Purchased - Puts
Options on Equities 0.03%
SUBTOTAL 0.03%
Call Options Written -0.01%
Swaptions -0.02%
Put Options Written -0.09%
Reverse Repurchase Agreements -8.22%
Net Cash Equivalents
Investment Companies 2.39%
Cash 0.68%
Foreign Currency -0.01%
SUBTOTAL 3.06%
Derivative Offsets
Futures Offsets -15.30%
Swaps Offsets -15.94%
SUBTOTAL -31.24%
Total 100.00%
Country Breakdown Portfolio %
United States 68.69%
Brazil 4.94%
United Kingdom 2.74%
Canada 2.43%
France 1.39%
Argentina 1.34%
Luxembourg 1.32%
Mexico 1.23%
Indonesia 1.19%
South Africa 1.17%
Dominican Republic 1.09%
Ireland 1.08%
Colombia 0.87%
Switzerland 0.81%
Netherlands 0.81%
Italy 0.73%
Russia 0.73%
Turkey 0.64%
Ivory Coast 0.59%
United Arab Emirates 0.54%
Spain 0.52%
Venezuela 0.51%
Germany 0.45%
Jamaica 0.36%
Croatia 0.35%
Gabon 0.23%
Angola 0.21%
Barbados 0.20%
Portugal 0.18%
New Zealand 0.17%
Hong Kong 0.17%
Trinidad & Tobago 0.17%
Mongolia 0.17%
Ecuador 0.16%
Macau 0.16%
Australia 0.16%
Zambia 0.14%
Pakistan 0.13%
Ghana 0.12%
India 0.11%
Cayman Islands 0.11%
Cameroon 0.11%
Sri Lanka 0.09%
Guatemala 0.08%
Peru 0.08%
Denmark 0.07%
El Salvador 0.06%
Kenya 0.06%
Nigeria 0.05%
Jordan 0.05%
Lebanon 0.05%
Chile 0.05%
Finland 0.04%
Ethiopia 0.04%
Iraq 0.02%
Norway 0.02%
Serbia 0.02%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 98.43%
Brazilian Real 2.74%
Russian Rubles 2.57%
Colombian Peso 1.72%
Indonesian Rupiah 1.45%
South African Rand 1.32%
Argentine Peso 0.89%
Dominican Peso 0.50%
Chilean Peso 0.49%
Canadian Dollar 0.34%
Peruvian Sol 0.25%
Hong Kong Dollar 0.03%
Norwegian Krone 0.01%
New Turkish Lira 0.01%
Great British Pound -0.01%
Japanese Yen -0.01%
Mexican Peso -0.05%
Swedish Krona -0.05%
Singapore Dollar -0.47%
Australian Dollar -0.96%
Chinese Yuan Renminbi (Offshore) -0.99%
Swiss Franc -1.00%
Euro -1.33%
New Zealand Dollar -1.45%
Taiwan New Dollar -1.73%
Chinese Yuan Renminbi -2.70%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 9.96%
AA 0.71%
A 2.00%
BBB 16.22%
BB 28.83%
B 26.99%
CCC 7.67%
CC 1.56%
C 0.37%
D 1.17%
Not Rated 7.84%
Short Term Investments 2.39%
Reverse Repurchase Agreements -8.22%
N/A 2.51%
Total 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 3.81%
1 to 5 years 40.60%
5 to 10 years 38.77%
10 to 20 years 9.28%
20 to 30 years 5.23%
More Than 30 years 1.65%
Other 0.66%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.60%
Average Bond Price: 99.51
Percentage of Leverage(based on gross assets):
Bank Borrowing: 0.00%
Investment Operations: 34.50%
Preferred stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 34.50%
Average Maturity: 8.00 Years
Effective Duration: 5.75 Years
Total Net Assets: $1,161.97 Million
Net Asset Value: $13.47
Number of Holdings: 1293
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.
