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AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Jan. 27, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31, 2019.

AB Global High Income Fund, Inc.






Top 10 Fixed-Income Holdings


Portfolio %

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


2.35%

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

2.28%

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

1.93%

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


1.65%

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

0.76%

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

0.73%

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


0.71%

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

0.68%

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

0.60%

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


0.59%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Communications - Media


3.48%

Energy


2.96%

Basic


2.55%

Consumer Non-Cyclical


2.48%

Communications - Telecommunications


2.33%

Consumer Cyclical - Other


2.13%

Capital Goods


1.80%

Consumer Cyclical - Automotive


1.59%

Services


1.25%

Technology


1.10%

Consumer Cyclical - Retailers


0.64%

Transportation - Services


0.55%

Consumer Cyclical - Entertainment


0.32%

Other Industrial


0.31%

Consumer Cyclical - Restaurants


0.23%

SUBTOTAL


23.72%

Credit Default Swaps


23.52%

SUBTOTAL


23.52%

Financial Institutions



Banking


3.09%

Finance


0.91%

Insurance


0.74%

Other Finance


0.64%

REITS


0.52%

Brokerage


0.23%

SUBTOTAL


6.13%

Utility



Electric


0.80%

SUBTOTAL


0.80%

SUBTOTAL


54.17%

Global Governments


11.77%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


9.42%

Credit Default Swaps


0.77%

SUBTOTAL


10.19%

Corporates - Investment Grade



Financial Institutions



Banking


3.05%

Insurance


1.87%

REITS


0.57%

SUBTOTAL


5.49%

Industrial



Consumer Cyclical - Other


0.65%

Basic


0.56%

Technology


0.53%

Energy


0.50%

Communications - Telecommunications


0.37%

Consumer Non-Cyclical


0.26%

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%

SUBTOTAL


3.70%

Utility



Electric


0.07%

SUBTOTAL


0.07%

SUBTOTAL


9.26%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.08%

Non-Agency Fixed Rate


0.71%

Non-Agency Floating Rate


0.62%

Agency Fixed Rate


0.60%

SUBTOTAL


9.01%

Commercial Mortgage-Backed Securities



Credit Default Swaps


6.46%

Non-Agency Fixed Rate CMBS


1.73%

Non-Agency Floating Rate CMBS


0.10%

SUBTOTAL


8.29%

Interest Rate Futures


7.54%

Bank Loans



Industrial



Consumer Non-Cyclical


1.27%

Capital Goods


0.64%

Technology


0.58%

Energy


0.54%

Consumer Cyclical - Other


0.49%

Services


0.47%

Consumer Cyclical - Retailers


0.27%

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


4.88%

Financial Institutions



Insurance


0.13%

Finance


0.11%

SUBTOTAL


0.24%

Utility



Electric


0.13%

SUBTOTAL


0.13%

SUBTOTAL


5.25%

Emerging Markets - Corporate Bonds



Industrial



Consumer Non-Cyclical


0.86%

Basic


0.74%

Communications - Telecommunications


0.41%

Energy


0.27%

Consumer Cyclical - Other


0.25%

Other Industrial


0.09%

Transportation - Services


0.04%

Capital Goods


0.02%

Transportation - Airlines


0.01%

SUBTOTAL


2.69%

Utility



Electric


0.25%

SUBTOTAL


0.25%

Financial Institutions



Banking


0.09%

REITS


0.04%

Insurance


0.01%

SUBTOTAL


0.14%

SUBTOTAL


3.08%

Emerging Markets - Treasuries


3.02%

Common Stocks


1.63%

Asset-Backed Securities



Other ABS - Fixed Rate


0.77%

Home Equity Loans - Fixed Rate


0.31%

Autos - Fixed Rate


0.25%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.34%

Total Return Swaps


0.87%

Investment Companies



Funds and Investment Trusts


0.49%

SUBTOTAL


0.49%

Local Governments - US Municipal Bonds


0.48%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.48%

SUBTOTAL


0.48%

Preferred Stocks



Financial Institutions


0.28%

Utility


0.02%

SUBTOTAL


0.30%

Inflation-Linked Securities


0.27%

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%

Options Purchased - Puts



Swaptions


0.01%

SUBTOTAL


0.01%

Currency Instruments



Forward Currency Exchange Contracts


-0.30%

SUBTOTAL


-0.30%

Reverse Repurchase Agreements


-0.39%

Net Cash Equivalents



Investment Companies


10.34%

Governments - Treasuries


0.71%

Cash


0.22%

SUBTOTAL


11.27%

Derivative Offsets



Futures Offsets


-7.63%

Swaps Offsets


-30.53%

SUBTOTAL


-38.16%

Total


100.00%




Country Breakdown


Portfolio %

United States


65.67%

Brazil


3.95%

Indonesia


3.00%

United Kingdom


2.08%

Canada


1.75%

Luxembourg


1.30%

Netherlands


1.27%

Argentina


1.20%

France


1.19%

Egypt


1.04%

Colombia


0.94%

Dominican Republic


0.89%

Italy


0.88%

South Africa


0.84%

Nigeria


0.84%

Spain


0.84%

Russia


0.78%

Switzerland


0.75%

Turkey


0.66%

Ukraine


0.58%

Mexico


0.56%

Ireland


0.51%

Ivory Coast


0.49%

Bahrain


0.48%

Kenya


0.47%

Oman


0.45%

Sri Lanka


0.40%

Angola


0.40%

Finland


0.35%

Ecuador


0.32%

India


0.31%

Costa Rica


0.31%

United Arab Emirates


0.30%

Zambia


0.29%

Mongolia


0.29%

Gabon


0.28%

Honduras


0.27%

Senegal


0.25%

Bermuda


0.25%

Sweden


0.23%

Norway


0.18%

Jamaica


0.17%

Denmark


0.17%

Hong Kong


0.16%

Germany


0.16%

El Salvador


0.16%

Cayman Islands


0.14%

Cameroon


0.12%

Chile


0.11%

Australia


0.10%

Lebanon


0.10%

Macau


0.09%

Israel


0.09%

Ghana


0.09%

Peru


0.09%

Venezuela


0.08%

Trinidad & Tobago


0.08%

Kazakhstan


0.07%

Iraq


0.06%

Jordan


0.06%

China


0.04%

Pakistan


0.02%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


97.55%

Japanese Yen


0.81%

Egypt Pound


0.53%

Russian Rubles


0.50%

Brazilian Real


0.43%

Indian Rupee


0.29%

Nigerian Naira


0.25%

Indonesian Rupiah


0.09%

Argentine Peso


0.06%

Canadian Dollar


0.03%

Colombian Peso


0.03%

Great British Pound


0.03%

Mexican Peso


0.03%

Polish Zloty


0.01%

Singapore Dollar


0.01%

Norwegian Krone


-0.03%

Euro


-0.62%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


6.42%

AA


1.26%

A


1.52%

BBB


17.68%

BB


24.68%

B


21.76%

CCC


6.52%

CC


0.28%

C


0.11%

D


0.05%

Not Rated


5.33%

Short Term Investments


11.05%

Reverse Repurchase Agreements


-0.39%

N/A


3.73%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


19.09%

1 to 5 years


45.62%

5 to 10 years


24.65%

10 to 20 years


6.49%

20 to 30 years


2.08%

More Than 30 years


0.41%

Other


1.66%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.31%

Average Bond Price:


104.09

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


38.07%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


38.07%

Average Maturity:


4.86  Years

Effective Duration:


3.74  Years

Total Net Assets:


$1,153.60 Million

Net Asset Value:


$13.38

Number of Holdings:


1733

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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SOURCE AB Global High Income Fund, Inc.