AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, July 23, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30,2018.
AB Global High Income Fund, Inc. |
||
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) U.S. Treasury Notes 0.875%, 4/15/19 |
3.64% |
|
2) U.S. Treasury Notes 2.25%, 2/15/27 |
2.62% |
|
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/27 |
1.90% |
|
4) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.91% |
|
5) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 |
0.69% |
|
6) Malaysia Government Bond Series 511 3.58%, 9/28/18 |
0.67% |
|
7) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 2.271%, 1/25/37 |
0.62% |
|
8) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.57% |
|
9) Dominican Republic International Bond 8.625%, 4/20/27 |
0.56% |
|
10) Turkey Government Bond 11.10%, 5/15/19 |
0.56% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
||
Energy |
6.99% |
|
Communications - Media |
4.28% |
|
Basic |
3.57% |
|
Consumer Non-Cyclical |
3.21% |
|
Communications - Telecommunications |
2.72% |
|
Consumer Cyclical - Other |
2.32% |
|
Services |
1.70% |
|
Capital Goods |
1.69% |
|
Technology |
1.52% |
|
Consumer Cyclical - Automotive |
1.42% |
|
Consumer Cyclical - Retailers |
0.92% |
|
Transportation - Services |
0.83% |
|
Other Industrial |
0.59% |
|
Consumer Cyclical - Entertainment |
0.39% |
|
Consumer Cyclical - Restaurants |
0.12% |
|
Transportation - Airlines |
0.09% |
|
SUBTOTAL |
32.36% |
|
Credit Default Swaps |
10.00% |
|
SUBTOTAL |
10.00% |
|
Financial Institutions |
||
Banking |
4.73% |
|
Finance |
1.08% |
|
Insurance |
0.71% |
|
Other Finance |
0.54% |
|
REITS |
0.19% |
|
Brokerage |
0.13% |
|
SUBTOTAL |
7.38% |
|
Utility |
||
Electric |
1.35% |
|
Natural Gas |
0.17% |
|
SUBTOTAL |
1.52% |
|
SUBTOTAL |
51.26% |
|
Interest Rate Swaps |
15.30% |
|
Global Governments |
13.27% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
9.32% |
|
Non-Agency Fixed Rate |
1.09% |
|
Non-Agency Floating Rate |
0.98% |
|
SUBTOTAL |
11.39% |
|
Interest Rate Futures |
7.48% |
|
Emerging Markets - Sovereigns |
||
Credit Default Swaps |
0.69% |
|
Commercial Mortgage-Backed Securities |
||
Credit Default Swaps |
4.60% |
|
Non-Agency Fixed Rate CMBS |
2.10% |
|
Non-Agency Floating Rate CMBS |
0.15% |
|
SUBTOTAL |
6.85% |
|
Corporates - Investment Grade |
||
Financial Institutions |
||
Insurance |
1.79% |
|
Banking |
1.67% |
|
REITS |
0.23% |
|
Brokerage |
0.09% |
|
SUBTOTAL |
3.78% |
|
Industrial |
||
Basic |
0.67% |
|
Energy |
0.45% |
|
Technology |
0.43% |
|
Capital Goods |
0.26% |
|
Communications - Telecommunications |
0.23% |
|
Consumer Non-Cyclical |
0.19% |
|
Communications - Media |
0.14% |
|
Consumer Cyclical - Automotive |
0.12% |
|
Consumer Cyclical - Other |
0.08% |
|
Services |
0.06% |
|
Transportation - Airlines |
0.03% |
|
SUBTOTAL |
2.66% |
|
SUBTOTAL |
0.00% |
|
SUBTOTAL |
6.44% |
|
Total Return Swaps |
4.75% |
|
Emerging Markets - Treasuries |
4.48% |
|
Emerging Markets - Corporate Bonds |
||
Industrial |
||
Basic |
0.94% |
|
Energy |
0.91% |
|
Consumer Non-Cyclical |
0.87% |
|
Communications - Telecommunications |
0.45% |
|
Capital Goods |
0.23% |
|
Consumer Cyclical - Other |
0.18% |
|
Transportation - Services |
0.15% |
|
Technology |
0.05% |
|
Consumer Cyclical - Retailers |
0.05% |
|
Transportation - Airlines |
0.03% |
|
SUBTOTAL |
3.86% |
|
Financial Institutions |
||
Banking |
0.35% |
|
Finance |
0.05% |
|
Insurance |
0.01% |
|
SUBTOTAL |
0.41% |
|
Utility |
||
Electric |
0.13% |
|
SUBTOTAL |
0.13% |
|
SUBTOTAL |
4.40% |
|
Bank Loans |
||
Industrial |
||
Consumer Non-Cyclical |
1.10% |
|
Capital Goods |
0.41% |
|
Services |
0.36% |
|
Energy |
0.26% |
|
Technology |
0.25% |
|
Consumer Cyclical - Retailers |
0.24% |
|
Other Industrial |
0.21% |
|
Consumer Cyclical - Other |
0.20% |
|
Communications - Telecommunications |
0.11% |
|
Consumer Cyclical - Entertainment |
0.08% |
|
Basic |
0.08% |
|
Consumer Cyclical - Automotive |
0.03% |
|
Consumer Cyclical - Restaurants |
0.02% |
|
SUBTOTAL |
3.35% |
|
Financial Institutions |
||
Insurance |
0.09% |
|
SUBTOTAL |
0.09% |
|
SUBTOTAL |
3.44% |
|
Common Stocks |
1.81% |
|
Asset-Backed Securities |
||
Other ABS - Fixed Rate |
1.14% |
|
Home Equity Loans - Fixed Rate |
0.36% |
|
Autos - Fixed Rate |
0.07% |
|
Home Equity Loans - Floating Rate |
0.02% |
|
SUBTOTAL |
1.59% |
|
Preferred Stocks |
||
Industrial |
0.86% |
|
Financial Institutions |
0.19% |
|
Utility |
0.03% |
|
SUBTOTAL |
1.08% |
|
Inflation-Linked Securities |
0.63% |
|
Local Governments - Regional Bonds |
0.47% |
|
Local Governments - US Municipal Bonds |
0.47% |
|
Currency Instruments |
||
Forward Currency Exchange Contracts |
0.46% |
|
SUBTOTAL |
0.46% |
|
Investment Companies |
||
Funds and Investment Trusts |
0.46% |
|
SUBTOTAL |
0.46% |
|
Collateralized Loan Obligations |
||
CLO - Floating Rate |
0.17% |
|
SUBTOTAL |
0.17% |
|
Quasi-Sovereigns |
||
Quasi-Sovereign Bonds |
0.12% |
|
SUBTOTAL |
0.12% |
|
Whole Loan Trusts |
||
Performing Asset |
0.07% |
|
SUBTOTAL |
0.07% |
|
Options Purchased - Puts |
||
Options on Forward Contracts |
0.04% |
|
SUBTOTAL |
0.04% |
|
Warrants |
0.02% |
|
Equity Futures |
||
Equity Index Futures |
-0.06% |
|
SUBTOTAL |
-0.06% |
|
Call Options Written |
-0.08% |
|
Put Options Written |
-0.09% |
|
Reverse Repurchase Agreements |
-5.98% |
|
Net Cash Equivalents |
||
Investment Companies |
3.71% |
|
Cash |
1.49% |
|
Governments - Treasuries |
0.26% |
|
Emerging Markets - Sovereigns |
0.13% |
|
Foreign Currency |
-0.02% |
|
SUBTOTAL |
5.57% |
|
Derivative Offsets |
||
Futures Offsets |
-7.39% |
|
Swaps Offsets |
-35.68% |
|
SUBTOTAL |
-43.07% |
|
Total |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
65.65% |
|
Brazil |
3.85% |
|
United Kingdom |
2.63% |
|
Argentina |
2.34% |
|
Canada |
1.81% |
|
Luxembourg |
1.69% |
|
Turkey |
1.66% |
|
France |
1.65% |
|
Indonesia |
1.55% |
|
Netherlands |
1.16% |
|
Italy |
1.12% |
|
Dominican Republic |
1.05% |
|
Malaysia |
0.84% |
|
Spain |
0.81% |
|
Ireland |
0.79% |
|
Switzerland |
0.78% |
|
Russia |
0.66% |
|
Egypt |
0.62% |
|
Colombia |
0.60% |
|
Sri Lanka |
0.60% |
|
Mexico |
0.56% |
|
Zambia |
0.56% |
|
South Africa |
0.54% |
|
Ivory Coast |
0.49% |
|
Ukraine |
0.45% |
|
Jamaica |
0.40% |
|
Cayman Islands |
0.37% |
|
India |
0.35% |
|
United Arab Emirates |
0.30% |
|
Denmark |
0.24% |
|
Gabon |
0.23% |
|
Germany |
0.21% |
|
Angola |
0.20% |
|
Venezuela |
0.20% |
|
Mongolia |
0.19% |
|
Nigeria |
0.18% |
|
Norway |
0.18% |
|
Israel |
0.18% |
|
Guatemala |
0.16% |
|
Ghana |
0.15% |
|
Ecuador |
0.14% |
|
El Salvador |
0.14% |
|
Sweden |
0.14% |
|
Bahrain |
0.13% |
|
Macau |
0.13% |
|
Chile |
0.13% |
|
Kenya |
0.11% |
|
Cameroon |
0.11% |
|
Uruguay |
0.10% |
|
Kazakhstan |
0.09% |
|
Honduras |
0.09% |
|
Australia |
0.09% |
|
Trinidad & Tobago |
0.08% |
|
Peru |
0.08% |
|
Senegal |
0.07% |
|
Costa Rica |
0.07% |
|
Lebanon |
0.07% |
|
Iraq |
0.05% |
|
Jordan |
0.05% |
|
Finland |
0.05% |
|
China |
0.04% |
|
Jersey (Channel Islands) |
0.02% |
|
Belarus |
0.02% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
103.09% |
|
Malaysian Ringgit |
0.90% |
|
Mexican Peso |
0.61% |
|
Australian Dollar |
0.58% |
|
Sri Lankan Rupee |
0.52% |
|
Russian Rubles |
0.48% |
|
Norwegian Krone |
0.40% |
|
Egypt Pound |
0.39% |
|
Dominican Peso |
0.28% |
|
Swiss Franc |
0.19% |
|
Great British Pound |
0.18% |
|
Uruguayan Peso |
0.06% |
|
Chinese Yuan Renminbi (Offshore) |
0.01% |
|
New Turkish Lira |
0.01% |
|
Argentine Peso |
-0.06% |
|
Swedish Krona |
-0.09% |
|
Brazilian Real |
-0.10% |
|
South Korean Won |
-0.10% |
|
Indonesian Rupiah |
-0.11% |
|
Indian Rupee |
-0.19% |
|
Colombian Peso |
-0.50% |
|
Canadian Dollar |
-0.56% |
|
South African Rand |
-0.59% |
|
Israeli New Shekel |
-0.65% |
|
Euro |
-0.66% |
|
New Zealand Dollar |
-0.73% |
|
Singapore Dollar |
-0.75% |
|
Japanese Yen |
-0.86% |
|
Taiwan New Dollar |
-1.75% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
9.56% |
|
AA |
0.72% |
|
A |
2.16% |
|
BBB |
17.12% |
|
BB |
28.00% |
|
B |
26.37% |
|
CCC |
5.56% |
|
CC |
0.48% |
|
C |
0.29% |
|
D |
0.07% |
|
Not Rated |
6.80% |
|
Short Term Investments |
4.10% |
|
Reverse Repurchase Agreements |
-5.98% |
|
N/A |
4.75% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
10.67% |
|
1 to 5 years |
36.89% |
|
5 to 10 years |
38.23% |
|
10 to 20 years |
8.04% |
|
20 to 30 years |
3.50% |
|
More Than 30 years |
0.84% |
|
Other |
1.83% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
||
Average Coupon: |
7.13% |
|
Average Bond Price: |
100.1 |
|
Percentage of Leverage(based on gross assets): |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
37.23% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
37.23% |
|
Average Maturity: |
6.72 Years |
|
Effective Duration: |
4.75 Years |
|
Total Net Assets: |
$1,141.51 Million |
|
Net Asset Value: |
$13.24 |
|
Number of Holdings: |
1315 |
|
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 AllianceBernstein Global High Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article