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AB Global High Income Fund Releases Monthly Portfolio Update

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NEW YORK, July 26, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2021.




AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


1.80%

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


1.26%

3) Argentine Republic Government International Bond 0.125%, 7/09/30 - 7/09/41

0.71%

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

0.70%

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

0.62%

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


0.60%

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

0.56%

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

0.47%

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

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


6.88%

Communications - Media


5.28%

Consumer Non-Cyclical


5.04%

Communications - Telecommunications


3.58%

Basic


3.40%

Consumer Cyclical - Other


2.69%

Services


2.64%

Technology


2.54%

Capital Goods


2.54%

Consumer Cyclical - Automotive


2.54%

Consumer Cyclical - Entertainment


2.44%

Consumer Cyclical - Retailers


2.15%

Consumer Cyclical - Restaurants


0.64%

Transportation - Services


0.51%

Transportation - Airlines


0.44%

Other Industrial


0.19%

SUBTOTAL


43.50%

Credit Default Swaps


22.10%

SUBTOTAL


22.10%

Financial Institutions



Banking


2.48%

Finance


1.63%

REITS


1.13%

Insurance


0.83%

Other Finance


0.44%

Brokerage


0.30%

SUBTOTAL


6.81%

Utility



Electric


1.17%

Other Utility


0.14%

SUBTOTAL


1.31%

SUBTOTAL


73.72%

Corporates - Investment Grade



Financial Institutions



Banking


4.20%

Insurance


1.45%

Finance


0.50%

Brokerage


0.12%

REITS


0.12%

Other Finance


0.02%

SUBTOTAL


6.41%

Industrial



Basic


0.72%

Consumer Cyclical - Other


0.63%

Transportation - Airlines


0.50%

Energy


0.49%

Consumer Non-Cyclical


0.37%

Technology


0.31%

Capital Goods


0.21%

Other Industrial


0.19%

Consumer Cyclical - Automotive


0.11%

Communications - Media


0.05%

Consumer Cyclical - Retailers


0.04%

Services


0.02%

SUBTOTAL


3.64%

SUBTOTAL


10.05%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


7.67%

Credit Default Swaps


0.23%

SUBTOTAL


7.90%

Collateralized Mortgage Obligations



Risk Share Floating Rate


6.50%

Non-Agency Fixed Rate


0.52%

Non-Agency Floating Rate


0.43%

Agency Fixed Rate


0.39%

SUBTOTAL


7.84%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.05%

Non-Agency Fixed Rate CMBS


0.97%

Non-Agency Floating Rate CMBS


0.02%

SUBTOTAL


5.04%

Bank Loans



Industrial



Consumer Non-Cyclical


0.95%

Communications - Telecommunications


0.66%

Technology


0.63%

Capital Goods


0.54%

Other Industrial


0.31%

Energy


0.27%

Consumer Cyclical - Retailers


0.24%

Services


0.23%

Communications - Media


0.22%

Consumer Cyclical - Other


0.21%

Consumer Cyclical - Restaurants


0.11%

Consumer Cyclical - Entertainment


0.08%

Consumer Cyclical - Automotive


0.07%

SUBTOTAL


4.52%

Financial Institutions



Insurance


0.22%

SUBTOTAL


0.22%

Utility



Electric


0.17%

SUBTOTAL


0.17%

SUBTOTAL


4.91%

Interest Rate Futures


4.39%

Emerging Markets - Corporate Bonds



Industrial



Basic


1.42%

Energy


0.76%

Consumer Cyclical - Other


0.61%

Communications - Telecommunications


0.40%

Capital Goods


0.35%

Consumer Non-Cyclical


0.16%

Communications - Media


0.07%

Services


0.03%

SUBTOTAL


3.80%

Utility



Electric


0.40%

SUBTOTAL


0.40%

Financial Institutions



Banking


0.06%

Insurance


0.04%

Other Finance


0.02%

Finance


0.02%

SUBTOTAL


0.14%

SUBTOTAL


4.34%

Global Governments


3.98%

Common Stocks


1.75%

Collateralized Loan Obligations



CLO - Floating Rate


1.72%

SUBTOTAL


1.72%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.35%

SUBTOTAL


1.35%

Total Return Swaps


0.94%

Asset-Backed Securities



Other ABS - Fixed Rate


0.29%

Autos - Fixed Rate


0.27%

Home Equity Loans - Fixed Rate


0.22%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


0.79%

Preferred Stocks



Industrial


0.34%

Financial Institutions


0.10%

SUBTOTAL


0.44%

Local Governments - US Municipal Bonds


0.34%

Inflation-Linked Securities


0.23%

Currency Instruments



Forward Currency Exchange Contracts


0.14%

SUBTOTAL


0.14%

Warrants


0.07%

Reverse Repurchase Agreements


-0.06%

Net Cash Equivalents



Investment Companies


2.59%

Cash


0.11%

Foreign Currency


-0.02%

SUBTOTAL


2.68%

Derivative Offsets



Futures Offsets


-4.29%

Swaps Offsets


-28.27%

SUBTOTAL


-32.56%

Total


100.00%




Country Breakdown


Portfolio %

United States


71.68%

United Kingdom


2.65%

Canada


2.27%

Mexico


1.57%

France


1.41%

Luxembourg


1.23%

Brazil


1.18%

Cayman Islands


0.98%

Egypt


0.96%

Switzerland


0.85%

Spain


0.85%

Nigeria


0.80%

Argentina


0.75%

Ukraine


0.74%

Italy


0.74%

Bahrain


0.67%

Dominican Republic


0.67%

Oman


0.57%

Ivory Coast


0.56%

Zambia


0.52%

Colombia


0.52%

Finland


0.46%

Netherlands


0.45%

Sweden


0.44%

Ghana


0.41%

Angola


0.39%

Germany


0.38%

Peru


0.37%

Macau


0.36%

Senegal


0.35%

Gabon


0.34%

Jersey (Channel Islands)


0.29%

Australia


0.29%

El Salvador


0.28%

Denmark


0.25%

Indonesia


0.25%

Jamaica


0.24%

Hong Kong


0.24%

Israel


0.22%

Bermuda


0.21%

India


0.20%

Kenya


0.19%

China


0.18%

Turkey


0.17%

Ecuador


0.17%

South Africa


0.15%

Chile


0.13%

Japan


0.11%

Venezuela


0.07%

Ireland


0.07%

Panama


0.06%

Kuwait


0.04%

Morocco


0.04%

Belgium


0.02%

Norway


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


100.41%

Canadian Dollar


0.06%

Great British Pound


0.06%

Norwegian Krone


0.02%

Argentine Peso


0.01%

Indian Rupee


0.01%

South Korean Won


0.01%

Malaysian Ringgit


0.01%

Russian Rubles


0.01%

Brazilian Real


-0.01%

Japanese Yen


-0.01%

Mexican Peso


-0.01%

Colombian Peso


-0.09%

Euro


-0.48%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


3.33%

AA


0.64%

A


0.80%

BBB


14.62%

BB


33.26%

B


26.36%

CCC


9.55%

CC


0.21%

C


0.16%

D


0.20%

Not Rated


4.93%

Short Term Investments


2.59%

Reverse Repurchase Agreements


-0.06%

N/A


3.41%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


9.31%

1 to 5 years


55.68%

5 to 10 years


23.31%

10 to 20 years


5.89%

20 to 30 years


3.57%

More Than 30 years


0.43%

Other


1.81%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.03%

Average Bond Price:


104.28

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


28.15%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


28.15%

Average Maturity:


5.56 Years

Effective Duration:


4.29 Years

Total Net Assets:


$1,128.26 Million

Net Asset Value:


$13.08

Number of Holdings:


1723

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.

Cision
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View original content:https://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301341392.html

SOURCE AB Global High Income Fund, Inc.