AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, May 24, 2022 /PRNewswire/ -- AB Global High Income Fund [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2022.
AB Global High Income Fund |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) U.S. Treasury Notes 2.25%, 02/15/27 |
1.64% |
|
2) U.S. Treasury Notes 2.875%, 08/15/28 |
1.11% |
|
3) CCO Holdings 4.50%, 08/15/30 - 06/01/33 |
0.64% |
|
4) CCO Holdings 4.75%, 02/01/32 |
0.63% |
|
5) Dominican Repubic Intl Bond 8.625%, 04/20/27 |
0.63% |
|
6) Altice France SA/France 5.125%, 07/15/29 |
0.53% |
|
7) Sirius XM Radio, Inc. 4.00%, 07/15/28 |
0.52% |
|
8) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28 |
0.51% |
|
9) AMMC CLO 25 Ltd. Zero Coupon, 04/15/35 |
0.50% |
|
10) Altice Financing SA 5.75%, 08/15/29 |
0.48% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
||
Communications - Media |
6.67% |
|
Energy |
6.43% |
|
Consumer Non-Cyclical |
5.98% |
|
Basic |
3.44% |
|
Services |
3.17% |
|
Consumer Cyclical - Other |
2.89% |
|
Communications - Telecommunications |
2.73% |
|
Consumer Cyclical - Automotive |
2.73% |
|
Capital Goods |
2.68% |
|
Technology |
2.66% |
|
Consumer Cyclical - Entertainment |
2.55% |
|
Consumer Cyclical - Retailers |
2.33% |
|
Transportation - Services |
0.77% |
|
Consumer Cyclical - Restaurants |
0.74% |
|
Transportation - Airlines |
0.33% |
|
Other Industrial |
0.08% |
|
SUBTOTAL |
46.18% |
|
Credit Default Swaps |
20.83% |
|
Financial Institutions |
||
Banking |
2.07% |
|
Finance |
1.78% |
|
REITs |
1.27% |
|
Insurance |
0.67% |
|
Other Finance |
0.49% |
|
Brokerage |
0.44% |
|
SUBTOTAL |
6.72% |
|
Utility |
||
Electric |
1.06% |
|
Other Utility |
0.19% |
|
SUBTOTAL |
1.25% |
|
SUBTOTAL |
74.98% |
|
Interest Rate Futures |
15.04% |
|
Corporates - Investment Grade |
||
Financial Institutions |
||
Banking |
2.93% |
|
Insurance |
1.49% |
|
Finance |
0.64% |
|
REITs |
0.36% |
|
Brokerage |
0.12% |
|
Other Finance |
0.02% |
|
SUBTOTAL |
5.56% |
|
Industrial |
||
Energy |
0.72% |
|
Basic |
0.69% |
|
Communications - Telecommunications |
0.67% |
|
Transportation - Airlines |
0.46% |
|
Consumer Cyclical - Other |
0.44% |
|
Communications - Media |
0.32% |
|
Consumer Non-Cyclical |
0.28% |
|
Capital Goods |
0.26% |
|
Other Industrial |
0.18% |
|
Consumer Cyclical - Retailers |
0.15% |
|
Technology |
0.15% |
|
Consumer Cyclical - Automotive |
0.11% |
|
Services |
0.02% |
|
SUBTOTAL |
4.45% |
|
Utility |
||
Electric |
0.07% |
|
SUBTOTAL |
0.07% |
|
SUBTOTAL |
10.08% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
4.82% |
|
Non-Agency Fixed Rate |
0.46% |
|
Non-Agency Floating Rate |
0.40% |
|
Agency Fixed Rate |
0.37% |
|
SUBTOTAL |
6.05% |
|
Commercial Mortgage-Backed Securities |
||
Credit Default Swaps |
4.54% |
|
Non-Agency Fixed Rate CMBS |
1.13% |
|
Non-Agency Floating Rate CMBS |
0.02% |
|
SUBTOTAL |
5.69% |
|
Emerging Markets - Corporate Bonds |
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Industrial |
||
Basic |
1.33% |
|
Consumer Non-Cyclical |
0.69% |
|
Energy |
0.61% |
|
Consumer Cyclical - Other |
0.56% |
|
Capital Goods |
0.46% |
|
Communications - Telecommunications |
0.30% |
|
Technology |
0.20% |
|
Communications - Media |
0.10% |
|
Services |
0.07% |
|
Transportation - Services |
0.07% |
|
SUBTOTAL |
4.39% |
|
Utility |
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Electric |
0.60% |
|
SUBTOTAL |
0.60% |
|
Financial Institutions |
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REITs |
0.30% |
|
Banking |
0.06% |
|
Insurance |
0.04% |
|
Finance |
0.02% |
|
Other Finance |
0.01% |
|
SUBTOTAL |
0.43% |
|
SUBTOTAL |
5.42% |
|
Bank Loans |
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Industrial |
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Technology |
0.90% |
|
Consumer Non-Cyclical |
0.83% |
|
Communications - Telecommunications |
0.77% |
|
Capital Goods |
0.54% |
|
Energy |
0.45% |
|
Other Industrial |
0.31% |
|
Consumer Cyclical - Retailers |
0.27% |
|
Communications - Media |
0.24% |
|
Services |
0.17% |
|
Consumer Cyclical - Other |
0.14% |
|
Consumer Cyclical - Restaurants |
0.08% |
|
Consumer Cyclical - Automotive |
0.04% |
|
SUBTOTAL |
4.74% |
|
Financial Institutions |
||
Insurance |
0.27% |
|
Finance |
0.02% |
|
SUBTOTAL |
0.29% |
|
Utility |
||
Electric |
0.19% |
|
SUBTOTAL |
0.19% |
|
SUBTOTAL |
5.22% |
|
Emerging Markets - Sovereigns |
||
Emerging Markets - Sovereigns |
4.97% |
|
Credit Default Swaps |
0.25% |
|
SUBTOTAL |
5.22% |
|
Collateralized Loan Obligations |
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CLO - Floating Rate |
4.62% |
|
SUBTOTAL |
4.62% |
|
Global Governments |
3.43% |
|
Common Stocks |
1.77% |
|
Total Return Swaps |
1.45% |
|
Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.96% |
|
SUBTOTAL |
0.96% |
|
Local Governments - US Municipal Bonds |
0.46% |
|
Forward Currency Exchange Contracts |
||
Currency Instruments |
0.44% |
|
SUBTOTAL |
0.44% |
|
Preferred Stocks |
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Industrials |
0.41% |
|
SUBTOTAL |
0.41% |
|
Inflation-Linked Securities |
0.22% |
|
Asset-Backed Securities |
||
Autos - Fixed Rate |
0.08% |
|
Other ABS - Fixed Rate |
0.08% |
|
SUBTOTAL |
0.16% |
|
Warrants |
0.06% |
|
Reverse Repurchase Agreements |
-0.17% |
|
Cash & Cash Equivalents |
||
Cash |
2.25% |
|
Funds and Investment Trusts |
1.04% |
|
U.S. Treasury Bills |
0.10% |
|
SUBTOTAL |
3.39% |
|
Derivative Offsets |
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Futures Offsets |
-15.64% |
|
Swap Offsets |
-29.26% |
|
SUBTOTAL |
-44.90% |
|
TOTAL |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
72.64% |
|
United Kingdom |
3.40% |
|
Canada |
1.93% |
|
France |
1.70% |
|
Luxembourg |
1.59% |
|
Brazil |
1.53% |
|
Mexico |
1.20% |
|
Germany |
1.05% |
|
Spain |
1.02% |
|
Nigeria |
0.77% |
|
Italy |
0.73% |
|
Switzerland |
0.65% |
|
Bahrain |
0.64% |
|
India |
0.64% |
|
Dominican Republic |
0.62% |
|
Australia |
0.58% |
|
Colombia |
0.54% |
|
China |
0.52% |
|
Israel |
0.47% |
|
Argentina |
0.45% |
|
Cote D'Ivoire |
0.43% |
|
Finland |
0.43% |
|
Netherlands |
0.42% |
|
Sweden |
0.41% |
|
Macau |
0.37% |
|
Oman |
0.37% |
|
Ghana |
0.35% |
|
Peru |
0.33% |
|
Angola |
0.32% |
|
Jersey (Channel Islands) |
0.32% |
|
Senegal |
0.29% |
|
Ukraine |
0.28% |
|
Egypt |
0.27% |
|
Zambia |
0.27% |
|
Indonesia |
0.26% |
|
Gabon |
0.24% |
|
Jamaica |
0.24% |
|
Ireland |
0.21% |
|
South Africa |
0.21% |
|
Hong Kong |
0.19% |
|
Ecuador |
0.18% |
|
Denmark |
0.14% |
|
El Salvador |
0.14% |
|
Japan |
0.12% |
|
Turkey |
0.12% |
|
Guatemala |
0.08% |
|
Venezuela |
0.07% |
|
Chile |
0.05% |
|
Bermuda |
0.04% |
|
Kuwait |
0.04% |
|
Panama |
0.04% |
|
Morocco |
0.03% |
|
Belgium |
0.02% |
|
Cayman Islands |
0.02% |
|
Czech Republic |
0.02% |
|
Norway |
0.01% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
US Dollar |
100.05% |
|
Canadian Dollar |
0.11% |
|
Argentine Peso |
0.01% |
|
Swiss Franc |
0.01% |
|
Japanese Yen |
0.01% |
|
South Korean Won |
0.01% |
|
Norwegian Krone |
0.01% |
|
Singapore Dollar |
0.01% |
|
Brazilian Real |
-0.01% |
|
Chinese Yuan Renminbi (Offshore) |
-0.01% |
|
Pound Sterling |
-0.01% |
|
New Zealand Dollar |
-0.01% |
|
Euro |
-0.06% |
|
Colombian Peso |
-0.12% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
6.28% |
|
AA |
0.12% |
|
A |
1.28% |
|
BBB |
12.63% |
|
BB |
38.24% |
|
B |
25.21% |
|
CCC |
8.45% |
|
CC |
0.16% |
|
C |
0.12% |
|
D |
0.11% |
|
Not Rated |
4.58% |
|
Short Term Investments |
1.14% |
|
Reverse Repurchase Agreements |
-0.17% |
|
N/A |
1.85% |
|
Total |
100.00% |
|
Bonds by Maturity |
Portfolio % |
|
Less than 1 Year |
4.07% |
|
1 To 5 Years |
40.18% |
|
5 To 10 Years |
44.35% |
|
10 To 20 Years |
4.97% |
|
20 To 30 Years |
2.77% |
|
More than 30 Years |
1.82% |
|
Other |
1.84% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
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Average Coupon: |
7.06% |
|
Average Bond Price: |
93.44 |
|
Percentage of Leverage(based on gross assets): |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
29.27% |
|
Preferred Stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
29.27% |
|
Average Maturity: |
6.59 Years |
|
Effective Duration: |
4.75 Years |
|
Total Net Assets: |
$990.72 Million |
|
Net Asset Value: |
$11.49 |
|
Total Number of Holdings: |
1,620 |
|
Portfolio Turnover: |
51.00% |
|
* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, |
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 AllianceBernstein Global High Income Fund, Inc.
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