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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