ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND NEW YORK, March 27, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: 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.
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SOURCE AB Global High Income Fund, Inc.
