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AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 20, 2019 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2019.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


2.40%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 

2.20%

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

1.92%

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


1.69%

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


0.73%

6) Republic of South Africa Government Bond Series 2030 8.00%, 1/31/30 

0.69%

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

0.67%

8) Argentine Republic Government International Bond  6.875%, 1/26/27 - 1/11/48 

0.64%

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


0.61%

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

0.60%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Communications - Media


3.50%

Energy


2.89%

Basic


2.62%

Consumer Non-Cyclical


2.48%

Communications - Telecommunications


2.44%

Consumer Cyclical - Other


2.07%

Capital Goods


1.81%

Consumer Cyclical - Automotive


1.69%

Services


1.18%

Technology


1.16%

Consumer Cyclical - Retailers


0.81%

Transportation - Services


0.55%

Consumer Cyclical - Entertainment


0.32%

Other Industrial


0.31%

Consumer Cyclical - Restaurants


0.23%

SUBTOTAL


24.06%

Credit Default Swaps


23.16%

SUBTOTAL


23.16%

Financial Institutions



Banking


3.06%

Finance


0.91%

Insurance


0.72%

Other Finance


0.67%

REITS


0.52%

Brokerage


0.23%

SUBTOTAL


6.11%

Utility



Electric


0.67%

SUBTOTAL


0.67%

SUBTOTAL


54.00%

Global Governments


11.88%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


9.24%

Credit Default Swaps


0.77%

SUBTOTAL


10.01%

Corporates - Investment Grade



Financial Institutions



Banking


3.04%

Insurance


1.89%

REITS


0.58%

SUBTOTAL


5.51%

Industrial



Consumer Cyclical - Other


0.63%

Basic


0.57%

Technology


0.53%

Energy


0.50%

Communications - Telecommunications


0.37%

Consumer Non-Cyclical


0.27%

Capital Goods


0.20%

Consumer Cyclical - Automotive


0.19%

Other Industrial


0.15%

Consumer Cyclical - Entertainment


0.13%

Communications - Media


0.12%

Services


0.07%

SUBTOTAL


3.73%

Utility



Electric


0.08%

SUBTOTAL


0.08%

SUBTOTAL


9.32%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.27%

Non-Agency Fixed Rate


0.74%

Non-Agency Floating Rate


0.65%

Agency Fixed Rate


0.64%

SUBTOTAL


9.30%

Commercial Mortgage-Backed Securities



Credit Default Swaps


6.45%

Non-Agency Fixed Rate CMBS


1.78%

Non-Agency Floating Rate CMBS


0.10%

SUBTOTAL


8.33%

Interest Rate Futures


6.04%

Bank Loans



Industrial



Consumer Non-Cyclical


1.27%

Capital Goods


0.64%

Technology


0.48%

Services


0.47%

Energy


0.33%

Consumer Cyclical - Retailers


0.27%

Consumer Cyclical - Other


0.22%

Consumer Cyclical - Entertainment


0.15%

Communications - Media


0.14%

Consumer Cyclical - Restaurants


0.11%

Communications - Telecommunications


0.10%

Other Industrial


0.09%

Consumer Cyclical - Automotive


0.03%

SUBTOTAL


4.30%

Financial Institutions



Finance


0.12%

Insurance


0.12%

SUBTOTAL


0.24%

Utility



Electric


0.13%

SUBTOTAL


0.13%

SUBTOTAL


4.67%

Emerging Markets - Corporate Bonds



Industrial



Consumer Non-Cyclical


0.92%

Basic


0.77%

Communications - Telecommunications


0.34%

Consumer Cyclical - Other


0.32%

Energy


0.27%

Other Industrial


0.09%

Transportation - Services


0.04%

Capital Goods


0.03%

Transportation - Airlines


0.02%

SUBTOTAL


2.80%

Utility



Electric


0.25%

SUBTOTAL


0.25%

Financial Institutions



Banking


0.10%

REITS


0.09%

Finance


0.03%

Insurance


0.01%

SUBTOTAL


0.23%

SUBTOTAL


3.28%

Emerging Markets - Treasuries


2.91%

Common Stocks


1.66%

Asset-Backed Securities



Other ABS - Fixed Rate


0.80%

Home Equity Loans - Fixed Rate


0.32%

Autos - Fixed Rate


0.26%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.39%

Total Return Swaps


0.87%

Investment Companies



Funds and Investment Trusts


0.48%

SUBTOTAL


0.48%

Local Governments - US Municipal Bonds


0.48%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.48%

SUBTOTAL


0.48%

Preferred Stocks



Financial Institutions


0.29%

Utility


0.02%

SUBTOTAL


0.31%

Inflation-Linked Securities


0.25%

Currency Instruments



Forward Currency Exchange Contracts


0.15%

SUBTOTAL


0.15%

Collateralized Loan Obligations



CLO - Floating Rate


0.08%

SUBTOTAL


0.08%

Warrants


0.02%

Whole Loan Trusts



Performing Asset


0.02%

SUBTOTAL


0.02%

Local Governments - Regional Bonds


0.01%

Reverse Repurchase Agreements


-0.52%

Net Cash Equivalents



Investment Companies


10.14%

Governments - Treasuries


0.71%

Cash


0.49%

SUBTOTAL


11.34%

Derivative Offsets



Futures Offsets


-6.06%

Swaps Offsets


-30.70%

SUBTOTAL


-36.76%

Total


100.00%




Country Breakdown


Portfolio %

United States


65.37%

Brazil


3.89%

Indonesia


2.99%

United Kingdom


2.10%

Canada


1.74%

Luxembourg


1.33%

Netherlands


1.27%

France


1.20%

Egypt


1.05%

Argentina


1.01%

Colombia


0.90%

Dominican Republic


0.89%

Switzerland


0.88%

Italy


0.88%

Nigeria


0.86%

Spain


0.83%

South Africa


0.82%

Russia


0.76%

Ireland


0.72%

Turkey


0.66%

Mexico


0.59%

Ukraine


0.58%

Bahrain


0.48%

Ivory Coast


0.48%

Kenya


0.47%

Oman


0.45%

Sri Lanka


0.40%

Ecuador


0.38%

Angola


0.38%

Finland


0.35%

India


0.33%

United Arab Emirates


0.31%

Costa Rica


0.30%

Mongolia


0.29%

Zambia


0.29%

Gabon


0.28%

Honduras


0.27%

Senegal


0.25%

Bermuda


0.25%

Sweden


0.23%

Norway


0.19%

Denmark


0.17%

Jamaica


0.17%

Hong Kong


0.16%

Germany


0.16%

Macau


0.16%

El Salvador


0.16%

Cayman Islands


0.14%

Cameroon


0.12%

Lebanon


0.10%

Australia


0.10%

Israel


0.09%

Peru


0.09%

China


0.09%

Ghana


0.09%

Venezuela


0.08%

Trinidad & Tobago


0.08%

Kazakhstan


0.07%

Chile


0.06%

Iraq


0.06%

Jordan


0.06%

Virgin Islands (BVI)


0.05%

Jersey (Channel Islands)


0.02%

Pakistan


0.02%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


97.51%

Japanese Yen


0.82%

Egypt Pound


0.53%

Brazilian Real


0.42%

Russian Rubles


0.42%

Indian Rupee


0.29%

Nigerian Naira


0.25%

Indonesian Rupiah


0.09%

Canadian Dollar


0.06%

Argentine Peso


0.04%

Colombian Peso


0.03%

Great British Pound


0.02%

Mexican Peso


0.02%

Swiss Franc


0.01%

Malaysian Ringgit


0.01%

New Turkish Lira


0.01%

Norwegian Krone


-0.01%

Euro


-0.52%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


6.54%

AA


1.29%

A


1.55%

BBB


17.67%

BB


24.91%

B


21.08%

CCC


6.22%

CC


0.30%

C


0.12%

D


0.05%

Not Rated


5.46%

Short Term Investments


10.85%

Reverse Repurchase Agreements


-0.52%

N/A


4.48%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


19.05%

1 to 5 years


43.72%

5 to 10 years


26.62%

10 to 20 years


6.31%

20 to 30 years


2.39%

More Than 30 years


0.23%

Other


1.68%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.28%

Average Bond Price:


102.97

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


38.27%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


38.27%

Average Maturity:


5.00  Years

Effective Duration:


3.70  Years

Total Net Assets:


$1,136.40 Million

Net Asset Value:


$13.18

Number of Holdings:


1495

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.

Cision

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SOURCE AllianceBernstein Global High Income Fund, Inc.