AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 24, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of August 31, 2018.
AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings | Portfolio % |
1) U.S. Treasury Notes 2.25%, 2/15/27 | 2.63% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 | 1.85% |
3) U.S. Treasury Notes 0.875%, 4/15/19 | 1.75% |
4) U.S. Treasury Notes 2.875%, 8/15/28 | 1.55% |
5) U.S. Treasury Bonds 6.25%, 5/15/30 | 0.91% |
6) Malaysia Government Bond Series 511 3.58%, 9/28/18 | 0.66% |
7) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 | 0.61% |
8) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.244%, 1/25/37 | 0.60% |
9) Dominican Republic International Bond 8.625%, 4/20/27 | 0.57% |
10) U.S. Treasury Bonds 5.25%, 2/15/29 | 0.57% |
Investment Type | Portfolio % |
Corporates - Non-Investment Grade | |
Industrial | |
Energy | 7.52% |
Communications - Media | 4.36% |
Basic | 3.71% |
Consumer Non-Cyclical | 3.33% |
Communications - Telecommunications | 2.87% |
Consumer Cyclical - Other | 2.53% |
Capital Goods | 1.81% |
Services | 1.77% |
Consumer Cyclical - Automotive | 1.73% |
Technology | 1.63% |
Consumer Cyclical - Retailers | 0.95% |
Transportation - Services | 0.86% |
Other Industrial | 0.75% |
Consumer Cyclical - Entertainment | 0.36% |
Consumer Cyclical - Restaurants | 0.19% |
SUBTOTAL | 34.37% |
Credit Default Swaps | 15.56% |
SUBTOTAL | 15.56% |
Financial Institutions | |
Banking | 4.54% |
Finance | 1.40% |
Insurance | 0.83% |
Other Finance | 0.50% |
REITS | 0.23% |
Brokerage | 0.13% |
SUBTOTAL | 7.63% |
Utility | |
Electric | 1.32% |
Natural Gas | 0.17% |
SUBTOTAL | 1.49% |
SUBTOTAL | 59.05% |
Interest Rate Swaps | 15.31% |
Global Governments | 11.54% |
Collateralized Mortgage Obligations | |
Risk Share Floating Rate | 9.35% |
Non-Agency Fixed Rate | 1.06% |
Non-Agency Floating Rate | 0.95% |
SUBTOTAL | 11.36% |
Commercial Mortgage-Backed Securities | |
Credit Default Swaps | 5.44% |
Non-Agency Fixed Rate CMBS | 2.00% |
Non-Agency Floating Rate CMBS | 0.15% |
SUBTOTAL | 7.59% |
Corporates - Investment Grade | |
Financial Institutions | |
Insurance | 1.80% |
Banking | 1.67% |
REITS | 0.23% |
SUBTOTAL | 3.70% |
Industrial | |
Basic | 0.66% |
Energy | 0.46% |
Technology | 0.43% |
Capital Goods | 0.26% |
Communications - Telecommunications | 0.24% |
Consumer Non-Cyclical | 0.19% |
Consumer Cyclical - Other | 0.15% |
Other Industrial | 0.14% |
Communications - Media | 0.14% |
Consumer Cyclical - Automotive | 0.12% |
Services | 0.06% |
Transportation - Airlines | 0.03% |
SUBTOTAL | 2.88% |
SUBTOTAL | 0.00% |
SUBTOTAL | 6.58% |
Emerging Markets - Sovereigns | |
Credit Default Swaps | 0.72% |
Total Return Swaps | 4.82% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Basic | 0.91% |
Consumer Non-Cyclical | 0.87% |
Energy | 0.84% |
Communications - Telecommunications | 0.45% |
Capital Goods | 0.23% |
Consumer Cyclical - Other | 0.20% |
Transportation - Services | 0.15% |
Technology | 0.05% |
Consumer Cyclical - Retailers | 0.05% |
Transportation - Airlines | 0.03% |
SUBTOTAL | 3.78% |
Financial Institutions | |
Banking | 0.19% |
Finance | 0.05% |
Insurance | 0.01% |
SUBTOTAL | 0.25% |
Utility | |
Electric | 0.11% |
SUBTOTAL | 0.11% |
SUBTOTAL | 4.14% |
Emerging Markets - Treasuries | 3.74% |
Bank Loans | |
Industrial | |
Consumer Non-Cyclical | 1.13% |
Capital Goods | 0.49% |
Services | 0.42% |
Technology | 0.32% |
Energy | 0.26% |
Other Industrial | 0.25% |
Consumer Cyclical - Other | 0.23% |
Consumer Cyclical - Retailers | 0.15% |
Communications - Telecommunications | 0.12% |
Consumer Cyclical - Entertainment | 0.09% |
Basic | 0.08% |
Consumer Cyclical - Automotive | 0.03% |
Consumer Cyclical - Restaurants | 0.02% |
SUBTOTAL | 3.59% |
Financial Institutions | |
Insurance | 0.09% |
SUBTOTAL | 0.09% |
SUBTOTAL | 3.68% |
Interest Rate Futures | 2.60% |
Common Stocks | 2.43% |
Asset-Backed Securities | |
Other ABS - Fixed Rate | 1.19% |
Home Equity Loans - Fixed Rate | 0.35% |
Autos - Fixed Rate | 0.16% |
Home Equity Loans - Floating Rate | 0.02% |
SUBTOTAL | 1.72% |
Investment Companies | |
Funds and Investment Trusts | 0.90% |
SUBTOTAL | 0.90% |
Currency Instruments | |
Forward Currency Exchange Contracts | 0.67% |
SUBTOTAL | 0.67% |
Inflation-Linked Securities | 0.61% |
Local Governments - US Municipal Bonds | 0.47% |
Local Governments - Regional Bonds | 0.41% |
Preferred Stocks | |
Financial Institutions | 0.27% |
Utility | 0.03% |
SUBTOTAL | 0.30% |
Collateralized Loan Obligations | |
CLO - Floating Rate | 0.14% |
SUBTOTAL | 0.14% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 0.09% |
SUBTOTAL | 0.09% |
Whole Loan Trusts | |
Performing Asset | 0.06% |
SUBTOTAL | 0.06% |
Warrants | 0.04% |
Options Purchased - Puts | |
Options on Forward Contracts | 0.03% |
Swaptions | 0.01% |
SUBTOTAL | 0.04% |
Call Options Written | -0.03% |
Put Options Written | -0.17% |
Equity Futures | |
Equity Index Futures | -0.66% |
SUBTOTAL | -0.66% |
Reverse Repurchase Agreements | -2.83% |
Net Cash Equivalents | |
Cash | 2.03% |
Investment Companies | 0.60% |
Emerging Markets - Sovereigns | 0.35% |
Foreign Currency | -0.01% |
SUBTOTAL | 2.97% |
Derivative Offsets | |
Futures Offsets | -1.95% |
Swaps Offsets | -42.09% |
SUBTOTAL | -44.04% |
Total | 100.00% |
Country Breakdown | Portfolio % |
United States | 67.55% |
Brazil | 3.81% |
United Kingdom | 2.46% |
Canada | 2.05% |
Argentina | 1.91% |
France | 1.72% |
Luxembourg | 1.59% |
Netherlands | 1.33% |
Italy | 1.20% |
Dominican Republic | 1.09% |
Malaysia | 0.86% |
Ireland | 0.86% |
Spain | 0.84% |
Switzerland | 0.83% |
Mexico | 0.72% |
Ukraine | 0.69% |
Sri Lanka | 0.62% |
Russia | 0.61% |
Turkey | 0.61% |
Colombia | 0.61% |
South Africa | 0.56% |
Ivory Coast | 0.50% |
Zambia | 0.46% |
Jamaica | 0.42% |
Egypt | 0.39% |
Cayman Islands | 0.39% |
India | 0.36% |
Indonesia | 0.33% |
United Arab Emirates | 0.31% |
Denmark | 0.25% |
Gabon | 0.25% |
Germany | 0.22% |
Mongolia | 0.22% |
Angola | 0.20% |
Israel | 0.19% |
Nigeria | 0.19% |
Venezuela | 0.19% |
Norway | 0.18% |
Guatemala | 0.17% |
Honduras | 0.17% |
Ghana | 0.16% |
Macau | 0.15% |
Ecuador | 0.15% |
Bahrain | 0.14% |
Sweden | 0.14% |
El Salvador | 0.12% |
Kenya | 0.12% |
Cameroon | 0.11% |
Chile | 0.11% |
Uruguay | 0.10% |
Kazakhstan | 0.09% |
Australia | 0.09% |
Trinidad & Tobago | 0.09% |
Peru | 0.08% |
Senegal | 0.08% |
Costa Rica | 0.07% |
Lebanon | 0.07% |
Iraq | 0.06% |
Jordan | 0.05% |
Finland | 0.05% |
China | 0.04% |
Jersey (Channel Islands) | 0.02% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 100.01% |
South Korean Won | 1.01% |
Indian Rupee | 0.96% |
Malaysian Ringgit | 0.89% |
Norwegian Krone | 0.83% |
Chilean Peso | 0.74% |
Argentine Peso | 0.63% |
Sri Lankan Rupee | 0.52% |
Egypt Pound | 0.40% |
Dominican Peso | 0.27% |
Swiss Franc | 0.20% |
Uruguayan Peso | 0.10% |
South African Rand | 0.06% |
Japanese Yen | 0.01% |
Russian Rubles | -0.01% |
Canadian Dollar | -0.03% |
Australian Dollar | -0.09% |
Swedish Krona | -0.12% |
Colombian Peso | -0.18% |
New Zealand Dollar | -0.24% |
Mexican Peso | -0.26% |
Polish Zloty | -0.26% |
Brazilian Real | -0.45% |
New Turkish Lira | -0.57% |
Israeli New Shekel | -0.66% |
Euro | -0.69% |
Great British Pound | -1.33% |
Taiwan New Dollar | -1.74% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | 7.42% |
AA | 0.80% |
A | 3.08% |
BBB | 14.38% |
BB | 28.04% |
B | 27.35% |
CCC | 6.07% |
CC | 0.54% |
C | 0.28% |
D | 0.07% |
Not Rated | 6.72% |
Short Term Investments | 0.95% |
Reverse Repurchase Agreements | -2.83% |
N/A | 7.13% |
Total | 100.00% |
Bonds By Maturity | Portfolio % |
Less than 1 year | 9.78% |
1 to 5 years | 39.41% |
5 to 10 years | 36.42% |
10 to 20 years | 7.94% |
20 to 30 years | 3.21% |
More Than 30 years | 0.77% |
Other | 2.47% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.43% |
Average Bond Price: | 100.6 |
Percentage of Leverage(based on gross assets): | |
Bank Borrowing: | 0.00% |
Investment Operations: | 39.98% |
Preferred stock: | 0.00% |
Tender Option Bonds: | 0.00% |
VMTP Shares: | 0.00% |
Total Fund Leverage: | 39.98% |
Average Maturity: | 6.41 Years |
Effective Duration: | 4.41 Years |
Total Net Assets: | $1,140.02 Million |
Net Asset Value: | $13.22 |
Number of Holdings: | 1285 |
Portfolio Turnover: | 34% |
* 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.
SOURCE AB Global High Income Fund, Inc.
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