| AB Global High Income Fund |
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) U.S. Treasury Notes 2.25%, 02/15/27
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1.67 %
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2) U.S. Treasury Notes 2.875%, 08/15/28
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1.13 %
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3) CCO Holdings 4.50%, 08/15/30 - 06/01/33
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0.69 %
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4) CCO Holdings 4.75%, 02/01/32
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0.65 %
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5) Dominican Republic Intl Bond 8.625%, 04/20/27
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0.63 %
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6) Altice France SA/France 5.125%, 07/15/29
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0.55 %
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7) Sirius XM Radio, Inc. 4.00%, 07/15/28
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0.54 %
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8) CSC Holdings LLC 5.75%, 01/15/30
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0.53 %
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9) Altice Financing SA 5.75%, 08/15/29
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0.52 %
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10) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28
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0.48 %
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Investment Type
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Portfolio %
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Corporates - Non-Investment Grade
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Industrial
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Communications - Media
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6.69 %
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Energy
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6.17 %
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Consumer Non-Cyclical
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5.74 %
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Basic
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3.43 %
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Services
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3.25 %
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Communications - Telecommunications
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3.16 %
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Consumer Cyclical - Other
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3.02 %
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Consumer Cyclical - Automotive
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2.71 %
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Capital Goods
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2.67 %
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Technology
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2.66 %
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Consumer Cyclical - Entertainment
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2.52 %
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Consumer Cyclical - Retailers
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2.23 %
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Consumer Cyclical - Restaurants
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0.71 %
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Transportation - Services
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0.65 %
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Transportation - Airlines
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0.33 %
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Other Industrial
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0.07 %
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SUBTOTAL
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46.01 %
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Credit Default Swaps
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21.16 %
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Financial Institutions
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Banking
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2.00 %
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Finance
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1.78 %
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REITs
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1.31 %
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Insurance
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0.69 %
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Other Finance
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0.52 %
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Brokerage
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0.42 %
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SUBTOTAL
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6.72 %
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Utility
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Electric
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1.12 %
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Other Utility
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0.19 %
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SUBTOTAL
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1.31 %
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SUBTOTAL
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75.20 %
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Interest Rate Futures
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14.82 %
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Corporates - Investment Grade
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Financial Institutions
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Banking
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2.86 %
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Insurance
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1.47 %
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Finance
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0.66 %
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REITs
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0.34 %
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Brokerage
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0.12 %
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Other Finance
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0.02 %
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SUBTOTAL
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5.47 %
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Industrial
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Energy
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0.81 %
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Basic
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0.74 %
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Communications - Telecommunications
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0.71 %
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Transportation - Airlines
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0.48 %
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Consumer Cyclical - Other
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0.44 %
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Communications - Media
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0.33 %
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Capital Goods
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0.26 %
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Consumer Non-Cyclical
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0.23 %
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Technology
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0.20 %
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Other Industrial
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0.19 %
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Consumer Cyclical - Retailers
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0.15 %
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Consumer Cyclical - Automotive
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0.11 %
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Services
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0.02 %
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SUBTOTAL
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4.67 %
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Utility
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Electric
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0.07 %
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SUBTOTAL
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0.07 %
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SUBTOTAL
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10.21 %
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Collateralized Mortgage Obligations
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Risk Share Floating Rate
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4.72 %
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Non-Agency Fixed Rate
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0.44 %
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Non-Agency Floating Rate
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0.39 %
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Agency Fixed Rate
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0.36 %
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SUBTOTAL
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5.91 %
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Commercial Mortgage-Backed Securities
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Credit Default Swaps
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4.56 %
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Non-Agency Fixed Rate CMBS
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1.15 %
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Non-Agency Floating Rate CMBS
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0.02 %
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SUBTOTAL
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5.73 %
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Emerging Markets - Corporate Bonds
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Industrial
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Basic
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1.36 %
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Consumer Non-Cyclical
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0.74 %
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Consumer Cyclical - Other
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0.73 %
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Energy
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0.67 %
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Capital Goods
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0.43 %
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Communications - Telecommunications
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0.29 %
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Technology
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0.19 %
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Communications - Media
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0.10 %
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Services
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0.07 %
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Transportation - Services
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0.07 %
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SUBTOTAL
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4.65 %
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Utility
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Electric
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0.53 %
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SUBTOTAL
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0.53 %
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Financial Institutions
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REITs
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0.24 %
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Banking
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0.06 %
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Insurance
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0.04 %
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Finance
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0.02 %
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Other Finance
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0.01 %
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SUBTOTAL
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0.37 %
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SUBTOTAL
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5.55 %
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Emerging Markets - Sovereigns
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Emerging Markets - Sovereigns
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4.93 %
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Credit Default Swaps
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0.26 %
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SUBTOTAL
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5.19 %
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Bank Loans
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Industrial
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Technology
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0.87 %
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Communications - Telecommunications
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0.76 %
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Consumer Non-Cyclical
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0.67 %
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Capital Goods
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0.53 %
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Energy
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0.44 %
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Consumer Cyclical - Retailers
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0.34 %
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Other Industrial
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0.31 %
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Communications - Media
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0.23 %
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Services
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0.17 %
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Consumer Cyclical - Other
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0.14 %
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Consumer Cyclical - Restaurants
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0.08 %
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Consumer Cyclical - Automotive
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0.04 %
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SUBTOTAL
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4.58 %
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Financial Institutions
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Insurance
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0.27 %
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Finance
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0.02 %
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SUBTOTAL
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0.29 %
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Utility
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Electric
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0.18 %
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SUBTOTAL
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0.18 %
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SUBTOTAL
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5.05 %
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Collateralized Loan Obligations
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CLO - Floating Rate
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4.35 %
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SUBTOTAL
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4.35 %
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Global Governments
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3.49 %
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Common Stocks
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1.61 %
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Total Return Swaps
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1.51 %
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Quasi-Sovereigns
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Quasi-Sovereign Bonds
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0.96 %
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SUBTOTAL
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0.96 %
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Local Governments - US Municipal Bonds
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0.47 %
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Inflation-Linked Securities
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0.24 %
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Preferred Stocks
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Industrials
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0.20 %
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SUBTOTAL
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0.20 %
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Asset-Backed Securities
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Autos - Fixed Rate
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0.08 %
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Other ABS - Fixed Rate
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0.07 %
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SUBTOTAL
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0.15 %
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Warrants
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0.06 %
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Put Options Written
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-0.03 %
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Forward Currency Exchange Contracts
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Currency Instruments
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-0.09 %
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SUBTOTAL
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-0.09 %
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Reverse Repurchase Agreements
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-0.47 %
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Cash & Cash Equivalents
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Cash
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2.87 %
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Funds and Investment Trusts
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1.30 %
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U.S. Treasury Bills
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0.10 %
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SUBTOTAL
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4.27 %
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Derivative Offsets
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Futures Offsets
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-14.86 %
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Swap Offsets
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-29.52 %
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SUBTOTAL
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-44.38 %
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TOTAL
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100.00 %
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Country Breakdown
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Portfolio %
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United States
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70.98 %
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United Kingdom
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3.47 %
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Canada
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1.97 %
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France
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1.74 %
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Luxembourg
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1.62 %
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Brazil
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1.55 %
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Mexico
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1.21 %
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Spain
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0.99 %
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Germany
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0.98 %
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Nigeria
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0.76 %
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Italy
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0.69 %
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India
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0.66 %
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Switzerland
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0.66 %
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Bahrain
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0.65 %
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Dominican Republic
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0.63 %
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Australia
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0.59 %
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Colombia
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0.57 %
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Israel
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0.49 %
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China
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0.48 %
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Cote D'Ivoire
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0.44 %
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Argentina
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0.43 %
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Finland
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0.43 %
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Netherlands
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0.43 %
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Sweden
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0.42 %
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Hong Kong
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0.39 %
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Macau
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0.39 %
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Oman
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0.37 %
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Angola
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0.33 %
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Ghana
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0.33 %
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Jersey (Channel Islands)
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0.32 %
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Peru
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0.32 %
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Senegal
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0.29 %
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Egypt
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0.28 %
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Indonesia
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0.27 %
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Ukraine
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0.27 %
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Zambia
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0.27 %
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Gabon
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0.23 %
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Jamaica
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|
0.23 %
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South Africa
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0.22 %
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Ecuador
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|
0.19 %
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|
Ireland
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|
0.17 %
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Denmark
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|
0.15 %
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El Salvador
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0.15 %
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Japan
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0.13 %
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Turkey
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0.12 %
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Guatemala
|
|
0.08 %
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Venezuela
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0.07 %
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Chile
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0.05 %
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Bermuda
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0.04 %
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Kuwait
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|
0.04 %
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Panama
|
|
0.04 %
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Morocco
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0.03 %
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Belgium
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|
0.02 %
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Cayman Islands
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0.02 %
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Czech Republic
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|
0.02 %
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Norway
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|
0.02 %
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|
Cash & Cash Equivalents
|
|
1.31 %
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Total Investments
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|
100.00 %
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Net Currency Exposure Breakdown
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Portfolio %
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US Dollar
|
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100.08 %
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Canadian Dollar
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|
0.11 %
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|
Norwegian Krone
|
|
0.02 %
|
|
Argentine Peso
|
|
0.01 %
|
|
Australian Dollar
|
|
0.01 %
|
|
Japanese Yen
|
|
0.01 %
|
|
Mexican Peso
|
|
0.01 %
|
|
Singapore Dollar
|
|
0.01 %
|
|
Chinese Yuan Renminbi (Offshore)
|
|
-0.01 %
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|
Pound Sterling
|
|
-0.01 %
|
|
New Zealand Dollar
|
|
-0.01 %
|
|
Polish Zloty
|
|
-0.01 %
|
|
Swedish Krona
|
|
-0.01 %
|
|
Euro
|
|
-0.08 %
|
|
Colombian Peso
|
|
-0.13 %
|
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Total Net Assets
|
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100.00 %
|
|
|
|
|
Credit Rating
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Portfolio %
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|
AAA
|
|
5.93 %
|
|
AA
|
|
0.11 %
|
|
A
|
|
1.24 %
|
|
BBB
|
|
12.79 %
|
|
BB
|
|
38.96 %
|
|
B
|
|
23.69 %
|
|
CCC
|
|
8.95 %
|
|
CC
|
|
0.16 %
|
|
C
|
|
0.12 %
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|
D
|
|
0.11 %
|
|
Not Rated
|
|
4.41 %
|
|
Short Term Investments
|
|
1.40 %
|
|
Reverse Repurchase Agreements
|
|
-0.47 %
|
|
N/A
|
|
2.60 %
|
|
Total
|
|
100.00 %
|
|
|
|
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Bonds by Maturity
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Portfolio %
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|
Less than 1 Year
|
|
4.72 %
|
|
1 To 5 Years
|
|
40.16 %
|
|
5 To 10 Years
|
|
44.49 %
|
|
10 To 20 Years
|
|
4.59 %
|
|
20 To 30 Years
|
|
2.72 %
|
|
More than 30 Years
|
|
1.65 %
|
|
Other
|
|
1.67 %
|
|
Total Net Assets
|
|
100.00 %
|
|
|
|
|
Portfolio Statistics:
|
|
|
|
Average Coupon:
|
|
7.19 %
|
|
Average Bond Price:
|
|
92.17
|
|
Percentage of Leverage(based on gross assets):
|
|
|
|
Bank Borrowing:
|
|
0.00 %
|
|
Investment Operations:
|
|
28.58 %
|
|
Preferred Stock:
|
|
0.00 %
|
|
Tender Option Bonds:
|
|
0.00 %
|
|
VMTP Shares:
|
|
0.00 %
|
|
Total Fund Leverage:
|
|
28.58 %
|
|
Average Maturity:
|
|
6.48 Years
|
|
Effective Duration:
|
|
4.76 Years
|
|
Total Net Assets:
|
|
$978.51 Million
|
|
Net Asset Value:
|
|
$11.35
|
|
Total Number of Holdings:
|
|
1,612
|
|
Portfolio Turnover:
|
|
40.00 %
|
|
|
|
|
* 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.
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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.
|
|