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AB Global High Income Fund Releases Monthly Portfolio Update

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NEW YORK, Aug. 23, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31, 2021.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27


1.82%

2) U.S. Treasury Notes 2.875%, 8/15/28


1.28%

3) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 - 6/01/33

0.71%

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

0.62%

5) Sirius XM Radio, Inc. 4.00%, 7/15/28


0.60%

6) Altice France SA/France 5.125%, 7/15/29

0.56%

7) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47

0.47%

8) Vistra Operations Co. LLC 4.375%, 5/01/29

0.47%

9) Argentine Republic Government International Bond 1.125%, 7/09/35

0.46%

10) Ukraine Government International Bond 7.75%, 9/01/22 - 9/01/24

0.44%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


6.86%

Communications - Media


5.48%

Consumer Non-Cyclical


5.20%

Communications - Telecommunications


3.74%

Basic


3.31%

Services


3.24%

Consumer Cyclical - Automotive


2.87%

Technology


2.75%

Capital Goods


2.64%

Consumer Cyclical - Other


2.53%

Consumer Cyclical - Entertainment


2.50%

Consumer Cyclical - Retailers


2.15%

Consumer Cyclical - Restaurants


0.65%

Transportation - Services


0.55%

Transportation - Airlines


0.47%

Other Industrial


0.19%

SUBTOTAL


45.13%

Credit Default Swaps


21.93%

SUBTOTAL


21.93%

Financial Institutions



Banking


2.52%

Finance


1.88%

REITS


1.24%

Insurance


0.88%

Brokerage


0.29%

Other Finance


0.24%

SUBTOTAL


7.05%

Utility



Electric


1.19%

Other Utility


0.14%

SUBTOTAL


1.33%

SUBTOTAL


75.44%

Corporates - Investment Grade



Financial Institutions



Banking


4.24%

Insurance


1.73%

Finance


0.50%

Brokerage


0.12%

REITS


0.12%

Other Finance


0.02%

SUBTOTAL


6.73%

Industrial



Basic


0.66%

Consumer Cyclical - Other


0.64%

Energy


0.49%

Transportation - Airlines


0.45%

Consumer Non-Cyclical


0.38%

Technology


0.32%

Capital Goods


0.21%

Other Industrial


0.17%

Consumer Cyclical - Automotive


0.11%

Communications - Media


0.05%

Consumer Cyclical - Retailers


0.04%

Services


0.02%

SUBTOTAL


3.54%

SUBTOTAL


10.27%

Collateralized Mortgage Obligations



Risk Share Floating Rate


6.39%

Non-Agency Fixed Rate


0.51%

Non-Agency Floating Rate


0.44%

Agency Fixed Rate


0.38%

SUBTOTAL


7.72%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


7.46%

Credit Default Swaps


0.23%

SUBTOTAL


7.69%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.04%

Non-Agency Fixed Rate CMBS


0.98%

Non-Agency Floating Rate CMBS


0.02%

SUBTOTAL


5.04%

Bank Loans



Industrial



Consumer Non-Cyclical


1.00%

Communications - Telecommunications


0.71%

Technology


0.63%

Capital Goods


0.54%

Energy


0.26%

Consumer Cyclical - Retailers


0.24%

Communications - Media


0.21%

Consumer Cyclical - Other


0.21%

Other Industrial


0.19%

Services


0.18%

Consumer Cyclical - Restaurants


0.11%

Consumer Cyclical - Entertainment


0.08%

Consumer Cyclical - Automotive


0.04%

SUBTOTAL


4.40%

Financial Institutions



Insurance


0.22%

SUBTOTAL


0.22%

Utility



Electric


0.17%

SUBTOTAL


0.17%

SUBTOTAL


4.79%

Interest Rate Futures


4.57%

Emerging Markets - Corporate Bonds



Industrial



Basic


1.46%

Energy


0.76%

Consumer Cyclical - Other


0.62%

Communications - Telecommunications


0.40%

Capital Goods


0.35%

Consumer Non-Cyclical


0.16%

Communications - Media


0.07%

Services


0.03%

SUBTOTAL


3.85%

Utility



Electric


0.36%

SUBTOTAL


0.36%

Financial Institutions



Banking


0.05%

Insurance


0.04%

Other Finance


0.02%

Finance


0.02%

SUBTOTAL


0.13%

SUBTOTAL


4.34%

Global Governments


4.04%

Collateralized Loan Obligations



CLO - Floating Rate


1.83%

SUBTOTAL


1.83%

Common Stocks


1.75%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.31%

SUBTOTAL


1.31%

Total Return Swaps


0.95%

Asset-Backed Securities



Other ABS - Fixed Rate


0.27%

Home Equity Loans - Fixed Rate


0.22%

Autos - Fixed Rate


0.17%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


0.67%

Preferred Stocks



Industrial


0.34%

Financial Institutions


0.10%

SUBTOTAL


0.44%

Local Governments - US Municipal Bonds


0.34%

Inflation-Linked Securities


0.22%

Currency Instruments



Forward Currency Exchange Contracts


0.14%

SUBTOTAL


0.14%

Warrants


0.06%

Reverse Repurchase Agreements


-0.14%

Net Cash Equivalents



Investment Companies


1.18%

Foreign Currency


-0.02%

SUBTOTAL


1.16%

Derivative Offsets



Futures Offsets


-4.34%

Swaps Offsets


-28.29%

SUBTOTAL


-32.63%

Total


100.00%




Country Breakdown


Portfolio %

United States


72.13%

United Kingdom


3.21%

Canada


2.21%

Mexico


1.53%

France


1.48%

Brazil


1.23%

Luxembourg


1.17%

Egypt


0.95%

Spain


0.94%

Switzerland


0.85%

Nigeria


0.80%

Argentina


0.77%

Italy


0.75%

Ukraine


0.73%

Dominican Republic


0.67%

Bahrain


0.67%

Germany


0.59%

Ivory Coast


0.56%

Oman


0.55%

Zambia


0.52%

Colombia


0.50%

Finland


0.48%

Sweden


0.44%

Ghana


0.40%

Angola


0.39%

Netherlands


0.39%

Macau


0.36%

Senegal


0.36%

Gabon


0.34%

Jersey (Channel Islands)


0.30%

Australia


0.29%

El Salvador


0.27%

Denmark


0.25%

Jamaica


0.24%

Indonesia


0.24%

Hong Kong


0.24%

Israel


0.23%

Peru


0.22%

India


0.20%

China


0.18%

Ecuador


0.18%

Turkey


0.17%

Bermuda


0.16%

South Africa


0.15%

Chile


0.13%

Japan


0.11%

Trinidad & Tobago


0.08%

Venezuela


0.07%

Ireland


0.07%

Panama


0.06%

Guatemala


0.04%

Kuwait


0.04%

Morocco


0.04%

Cayman Islands


0.02%

Belgium


0.02%

Czech Republic


0.02%

Norway


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


100.00%

Canadian Dollar


0.11%

Great British Pound


0.06%

Norwegian Krone


0.02%

Argentine Peso


0.01%

Indonesian Rupiah


0.01%

Malaysian Ringgit


0.01%

Singapore Dollar


0.01%

South African Rand


0.01%

Brazilian Real


-0.01%

Swiss Franc


-0.01%

Chilean Peso


-0.01%

Mexican Peso


-0.01%

Colombian Peso


-0.09%

Euro


-0.11%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


3.34%

AA


0.61%

A


0.79%

BBB


14.76%

BB


34.30%

B


26.72%

CCC


9.53%

CC


0.20%

C


0.16%

D


0.19%

Not Rated


4.88%

Short Term Investments


1.18%

Reverse Repurchase Agreements


-0.14%

N/A


3.48%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


8.13%

1 to 5 years


56.09%

5 to 10 years


24.39%

10 to 20 years


5.78%

20 to 30 years


3.56%

More Than 30 years


0.24%

Other


1.81%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.08%

Average Bond Price:


104.15

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


28.08%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


28.08%

Average Maturity:


5.37 Years

Effective Duration:


4.40 Years

Total Net Assets:


$1,126.21 Million

Net Asset Value:


$13.06

Number of Holdings:


1547

Portfolio Turnover:


51%

* 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.