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AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 23, 2019 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of July 31, 2019.





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 

2.45%

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


2.37%

3) Indonesia Treasury Bond Series FR77 8.125%, 5/15/24 

1.91%

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


1.66%

5) U.S. Treasury Bonds  6.25%, 5/15/30 


0.72%

6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 

0.66%

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

0.61%

8) U.S. Treasury Bonds  5.25%, 2/15/29 


0.60%

9) Colombian TES Series B 10.00%, 7/24/24 

0.59%

10) Ukraine Government International Bond  7.75%, 9/01/21 - 9/01/24 

0.58%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


3.96%

Communications - Media


3.32%

Communications - Telecommunications


3.02%

Consumer Non-Cyclical


2.90%

Basic


2.60%

Consumer Cyclical - Other


1.82%

Consumer Cyclical - Automotive


1.73%

Capital Goods


1.53%

Services


1.26%

Technology


1.09%

Consumer Cyclical - Retailers


0.85%

Transportation - Services


0.76%

Consumer Cyclical - Entertainment


0.23%

Other Industrial


0.19%

Consumer Cyclical - Restaurants


0.18%

SUBTOTAL


25.44%

Credit Default Swaps


17.25%

SUBTOTAL


17.25%

Financial Institutions



Banking


3.18%

Finance


1.30%

Other Finance


0.69%

Insurance


0.58%

REITS


0.58%

Brokerage


0.14%

SUBTOTAL


6.47%

Utility



Electric


0.82%

SUBTOTAL


0.82%

SUBTOTAL


49.98%

Global Governments


11.58%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.68%

Non-Agency Fixed Rate


0.77%

Non-Agency Floating Rate


0.69%

Agency Fixed Rate


0.60%

SUBTOTAL


9.74%

Emerging Markets - Sovereigns



Credit Default Swaps


0.95%

Corporates - Investment Grade



Financial Institutions



Banking


2.83%

Insurance


1.92%

REITS


0.46%

SUBTOTAL


5.21%

Industrial



Technology


0.66%

Consumer Cyclical - Other


0.64%

Energy


0.47%

Basic


0.47%

Communications - Telecommunications


0.37%

Consumer Non-Cyclical


0.30%

Capital Goods


0.19%

Consumer Cyclical - Automotive


0.18%

Other Industrial


0.15%

Consumer Cyclical - Entertainment


0.13%

Communications - Media


0.11%

Services


0.07%

Transportation - Airlines


0.01%

SUBTOTAL


3.75%

SUBTOTAL


8.96%

Commercial Mortgage-Backed Securities



Credit Default Swaps


6.09%

Non-Agency Fixed Rate CMBS


1.79%

Non-Agency Floating Rate CMBS


0.19%

SUBTOTAL


8.07%

Interest Rate Futures


6.26%

Total Return Swaps


4.77%

Bank Loans



Industrial



Consumer Non-Cyclical


1.27%

Capital Goods


0.53%

Technology


0.49%

Services


0.47%

Energy


0.43%

Consumer Cyclical - Other


0.22%

Consumer Cyclical - Retailers


0.19%

Consumer Cyclical - Restaurants


0.11%

Communications - Telecommunications


0.11%

Other Industrial


0.09%

Consumer Cyclical - Entertainment


0.08%

Communications - Media


0.08%

Consumer Cyclical - Automotive


0.03%

SUBTOTAL


4.10%

Financial Institutions



Finance


0.10%

SUBTOTAL


0.10%

SUBTOTAL


4.20%

Emerging Markets - Corporate Bonds



Industrial



Consumer Non-Cyclical


0.89%

Basic


0.81%

Energy


0.51%

Consumer Cyclical - Other


0.36%

Communications - Telecommunications


0.30%

Other Industrial


0.09%

Capital Goods


0.06%

Transportation - Services


0.04%

Consumer Cyclical - Retailers


0.04%

Transportation - Airlines


0.02%

SUBTOTAL


3.12%

Financial Institutions



Banking


0.31%

REITS


0.22%

Finance


0.05%

Insurance


0.01%

SUBTOTAL


0.59%

Utility



Electric


0.27%

SUBTOTAL


0.27%

SUBTOTAL


3.98%

Emerging Markets - Treasuries


2.70%

Common Stocks


1.72%

Asset-Backed Securities



Other ABS - Fixed Rate


0.71%

Home Equity Loans - Fixed Rate


0.33%

Autos - Fixed Rate


0.19%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.24%

Investment Companies



Funds and Investment Trusts


0.49%

SUBTOTAL


0.49%

Local Governments - US Municipal Bonds


0.48%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.34%

SUBTOTAL


0.34%

Preferred Stocks



Financial Institutions


0.29%

Utility


0.02%

SUBTOTAL


0.31%

Inflation-Linked Securities


0.27%

Local Governments - Regional Bonds


0.12%

Collateralized Loan Obligations



CLO - Floating Rate


0.09%

SUBTOTAL


0.09%

Warrants


0.02%

Whole Loan Trusts



Performing Asset


0.02%

SUBTOTAL


0.02%

Put Options Written


-0.01%

Currency Instruments



Forward Currency Exchange Contracts


-0.09%

SUBTOTAL


-0.09%

Reverse Repurchase Agreements


-0.56%

Net Cash Equivalents



Investment Companies


8.16%

U.S. Treasury Bills


2.62%

Governments - Treasuries


0.58%

Cash


-0.14%

SUBTOTAL


11.22%

Derivative Offsets



Futures Offsets


-6.12%

Swaps Offsets


-29.10%

SUBTOTAL


-35.22%

Total


100.00%




Country Breakdown


Portfolio %

United States


66.18%

Brazil


4.05%

Indonesia


3.00%

United Kingdom


1.94%

Luxembourg


1.48%

France


1.42%

Canada


1.38%

Netherlands


1.31%

Egypt


1.07%

Colombia


0.95%

Turkey


0.95%

Italy


0.94%

Dominican Republic


0.88%

Switzerland


0.86%

Spain


0.81%

Russia


0.74%

Argentina


0.71%

Nigeria


0.70%

Ireland


0.62%

Ukraine


0.57%

Mexico


0.51%

Kenya


0.47%

Oman


0.44%

Ivory Coast


0.43%

India


0.42%

Sri Lanka


0.41%

Zambia


0.38%

Bahrain


0.36%

Finland


0.34%

Angola


0.32%

South Africa


0.31%

United Arab Emirates


0.31%

Germany


0.30%

Mongolia


0.29%

Gabon


0.27%

Honduras


0.27%

China


0.26%

Lebanon


0.26%

Sweden


0.25%

Bermuda


0.25%

Senegal


0.24%

Ecuador


0.20%

Norway


0.20%

Malaysia


0.20%

Denmark


0.19%

Hong Kong


0.16%

Jamaica


0.16%

Macau


0.16%

El Salvador


0.15%

Cayman Islands


0.14%

Cameroon


0.12%

Venezuela


0.10%

Ghana


0.09%

Peru


0.09%

Trinidad & Tobago


0.08%

Virgin Islands (BVI)


0.08%

Kazakhstan


0.06%

Iraq


0.06%

Jordan


0.06%

Jersey (Channel Islands)


0.02%

Chile


0.02%

Australia


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


98.97%

Taiwan New Dollar


1.50%

Russian Rubles


1.49%

Brazilian Real


1.46%

Australian Dollar


0.99%

South Korean Won


0.99%

Indian Rupee


0.98%

Egypt Pound


0.49%

Polish Zloty


0.49%

Malaysian Ringgit


0.20%

South African Rand


0.20%

Argentine Peso


0.12%

Nigerian Naira


0.08%

Colombian Peso


0.04%

Mexican Peso


0.02%

Great British Pound


-0.01%

Indonesian Rupiah


-0.05%

Canadian Dollar


-0.99%

Israeli New Shekel


-1.01%

Singapore Dollar


-1.47%

Swiss Franc


-1.97%

Euro


-2.52%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


6.13%

AA


1.36%

A


2.14%

BBB


16.53%

BB


25.68%

B


22.59%

CCC


5.30%

CC


0.28%

C


0.13%

D


0.02%

Not Rated


5.52%

Short Term Investments


11.36%

Reverse Repurchase Agreements


-0.56%

N/A


3.52%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


17.70%

1 to 5 years


43.23%

5 to 10 years


29.45%

10 to 20 years


5.28%

20 to 30 years


2.22%

More Than 30 years


0.39%

Other


1.73%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.10%

Average Bond Price:


102.95

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


33.74%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


33.74%

Average Maturity:


5.19  Years

Effective Duration:


3.83  Years

Total Net Assets:


$1,138.54 Million

Net Asset Value:


$13.20

Number of Holdings:


1237

Portfolio Turnover:


40%




* 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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