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AB Global High Income Fund Releases Monthly Portfolio Update

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NEW YORK, Jan. 25, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings


Portfolio %

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


2.31%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23

1.83%

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


1.45%

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

0.87%

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

0.65%

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


0.58%

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

0.53%

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

0.50%

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


0.40%

10) First Quantum Minerals Ltd. 7.25%, 4/01/23

0.39%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


4.77%

Communications - Media


3.59%

Consumer Non-Cyclical


3.54%

Basic


2.64%

Consumer Cyclical - Automotive


2.62%

Capital Goods


2.50%

Consumer Cyclical - Other


2.48%

Services


2.30%

Technology


2.17%

Communications - Telecommunications


2.01%

Consumer Cyclical - Retailers


1.79%

Consumer Cyclical - Entertainment


1.75%

Transportation - Services


0.47%

Other Industrial


0.33%

Consumer Cyclical - Restaurants


0.29%

Transportation - Airlines


0.19%

SUBTOTAL


33.44%

Credit Default Swaps


26.60%

SUBTOTAL


26.60%

Financial Institutions



Banking


2.30%

Finance


0.97%

Insurance


0.90%

REITS


0.86%

Brokerage


0.47%

Other Finance


0.44%

SUBTOTAL


5.94%

Utility



Electric


0.60%

SUBTOTAL


0.60%

SUBTOTAL


66.58%

Corporates - Investment Grade



Financial Institutions



Banking


4.65%

Insurance


1.90%

Finance


0.74%

REITS


0.42%

Other Finance


0.02%

SUBTOTAL


7.73%

Industrial



Energy


0.96%

Consumer Cyclical - Other


0.91%

Basic


0.83%

Transportation - Airlines


0.56%

Consumer Cyclical - Automotive


0.40%

Consumer Non-Cyclical


0.39%

Technology


0.28%

Capital Goods


0.19%

Other Industrial


0.19%

Services


0.12%

Communications - Media


0.07%

Consumer Cyclical - Retailers


0.05%

SUBTOTAL


4.95%

SUBTOTAL


12.68%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


10.91%

Credit Default Swaps


0.46%

SUBTOTAL


11.37%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.87%

Non-Agency Fixed Rate


0.59%

Non-Agency Floating Rate


0.49%

Agency Fixed Rate


0.45%

SUBTOTAL


9.40%

Global Governments


6.51%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.82%

Non-Agency Fixed Rate CMBS


1.20%

Non-Agency Floating Rate CMBS


0.09%

SUBTOTAL


6.11%

Interest Rate Futures


5.29%

Bank Loans



Industrial



Consumer Non-Cyclical


1.10%

Technology


0.73%

Services


0.57%

Capital Goods


0.53%

Consumer Cyclical - Other


0.47%

Communications - Media


0.31%

Communications - Telecommunications


0.29%

Other Industrial


0.25%

Consumer Cyclical - Retailers


0.16%

Consumer Cyclical - Restaurants


0.11%

Consumer Cyclical - Entertainment


0.08%

Consumer Cyclical - Automotive


0.07%

Basic


0.05%

Energy


0.05%

Transportation - Airlines


0.02%

SUBTOTAL


4.79%

Utility



Electric


0.18%

SUBTOTAL


0.18%

Financial Institutions



Insurance


0.12%

SUBTOTAL


0.12%

SUBTOTAL


5.09%

Emerging Markets - Corporate Bonds



Industrial



Basic


1.67%

Energy


0.79%

Consumer Cyclical - Other


0.54%

Consumer Non-Cyclical


0.43%

Capital Goods


0.24%

Communications - Telecommunications


0.23%

Communications - Media


0.08%

Transportation - Services


0.04%

SUBTOTAL


4.02%

Utility



Electric


0.38%

SUBTOTAL


0.38%

Financial Institutions



Insurance


0.07%

Banking


0.05%

Finance


0.02%

SUBTOTAL


0.14%

SUBTOTAL


4.54%

Emerging Markets - Treasuries


1.83%

Common Stocks


1.45%

Collateralized Loan Obligations



CLO - Floating Rate


1.43%

SUBTOTAL


1.43%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.39%

SUBTOTAL


1.39%

Total Return Swaps


0.98%

Asset-Backed Securities



Other ABS - Fixed Rate


0.44%

Autos - Fixed Rate


0.27%

Home Equity Loans - Fixed Rate


0.25%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


0.97%

Investment Companies



Funds and Investment Trusts


0.51%

SUBTOTAL


0.51%

Preferred Stocks



Financial Institutions


0.23%

Industrial


0.10%

SUBTOTAL


0.33%

Local Governments - US Municipal Bonds


0.32%

Inflation-Linked Securities


0.26%

Warrants


0.04%

Reverse Repurchase Agreements


-0.06%

Equity Futures



Equity Index Futures


-0.10%

SUBTOTAL


-0.10%

Currency Instruments



Forward Currency Exchange Contracts


-0.24%

SUBTOTAL


-0.24%

Net Cash Equivalents



Investment Companies


0.66%

Cash


0.36%

Governments - Treasuries


0.33%

Foreign Currency


-0.02%

SUBTOTAL


1.33%

Derivative Offsets



Futures Offsets


-5.24%

Swaps Offsets


-32.77%

SUBTOTAL


-38.01%

Total


100.00%




Country Breakdown


Portfolio %

United States


64.50%

Brazil


4.49%

United Kingdom


2.63%

Canada


1.86%

Mexico


1.81%

Egypt


1.39%

Colombia


1.15%

France


1.07%

Luxembourg


1.06%

Dominican Republic


1.04%

Cayman Islands


0.98%

Italy


0.97%

Argentina


0.92%

Netherlands


0.88%

Switzerland


0.86%

Nigeria


0.85%

Ukraine


0.82%

Bahrain


0.74%

Russia


0.67%

Ivory Coast


0.64%

Spain


0.60%

Zambia


0.53%

Kenya


0.49%

Ireland


0.49%

Oman


0.45%

Gabon


0.45%

South Africa


0.43%

Senegal


0.42%

Angola


0.41%

Bermuda


0.41%

Finland


0.39%

Ghana


0.39%

Sweden


0.37%

Macau


0.31%

El Salvador


0.30%

Costa Rica


0.28%

Jersey (Channel Islands)


0.27%

Ecuador


0.27%

Denmark


0.26%

Honduras


0.25%

Indonesia


0.25%

Peru


0.25%

Germany


0.25%

Hong Kong


0.23%

Israel


0.22%

India


0.20%

Turkey


0.18%

Chile


0.18%

Mongolia


0.16%

Jamaica


0.14%

Australia


0.13%

Japan


0.11%

Kazakhstan


0.07%

Venezuela


0.07%

Guatemala


0.06%

Jordan


0.06%

United Arab Emirates


0.06%

Iraq


0.06%

Morocco


0.05%

Kuwait


0.04%

China


0.03%

Lebanon


0.03%

Sri Lanka


0.02%

Pakistan


0.02%

Belgium


0.02%

Norway


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


98.34%

South African Rand


0.49%

Brazilian Real


0.42%

Egypt Pound


0.41%

Indonesian Rupiah


0.25%

Euro


0.11%

Great British Pound


0.05%

Canadian Dollar


0.03%

Argentine Peso


0.02%

Nigerian Naira


0.02%

Indian Rupee


0.01%

Mexican Peso


0.01%

Malaysian Ringgit


0.01%

Norwegian Krone


0.01%

Taiwan New Dollar


0.01%

Swiss Franc


-0.01%

Chilean Peso


-0.01%

Russian Rubles


-0.06%

Colombian Peso


-0.11%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


5.48%

AA


0.91%

A


0.83%

BBB


19.02%

BB


28.95%

B


25.39%

CCC


9.16%

CC


0.47%

C


0.11%

D


0.62%

Not Rated


5.49%

Short Term Investments


0.99%

Reverse Repurchase Agreements


-0.06%

N/A


2.64%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


6.70%

1 to 5 years


59.21%

5 to 10 years


21.49%

10 to 20 years


6.69%

20 to 30 years


3.95%

More Than 30 years


0.47%

Other


1.49%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.58%

Average Bond Price:


105.48

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


40.58%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


40.58%

Average Maturity:


5.45 Years

Effective Duration:


4.30 Years

Total Net Assets:


$1,120.52 Million

Net Asset Value:


$12.99

Number of Holdings:


1718

Portfolio Turnover:


32%

* 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
Cision

View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301214443.html

SOURCE AllianceBernstein Global High Income Fund, Inc.