AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31,2020.
AB Global High Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|||||||
1) U.S. Treasury Notes 2.25%, 2/15/27 |
3.17% |
|||||||
2) U.S. Treasury Notes 2.875%, 8/15/28 |
2.25% |
|||||||
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 |
2.19% |
|||||||
4) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.96% |
|||||||
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.80% |
|||||||
6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 |
0.67% |
|||||||
7) Ukraine Government International Bond 7.75%, 9/01/21 - 9/01/24 |
0.63% |
|||||||
8) U.S. Treasury Bonds 8.125%, 5/15/21 |
0.62% |
|||||||
9) Dominican Republic International Bond 8.625%, 4/20/27 |
0.61% |
|||||||
10) Colombian TES Series B 10.00%, 7/24/24 |
0.55% |
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Investment Type |
Portfolio % |
|||||||
Corporates - Non-Investment Grade |
||||||||
Credit Default Swaps |
33.98% |
|||||||
SUBTOTAL |
33.98% |
|||||||
Industrial |
||||||||
Communications - Media |
3.46% |
|||||||
Consumer Non-Cyclical |
3.03% |
|||||||
Basic |
2.86% |
|||||||
Communications - Telecommunications |
2.40% |
|||||||
Consumer Cyclical - Other |
2.22% |
|||||||
Capital Goods |
2.09% |
|||||||
Energy |
2.05% |
|||||||
Services |
1.67% |
|||||||
Consumer Cyclical - Automotive |
1.41% |
|||||||
Consumer Cyclical - Retailers |
1.07% |
|||||||
Technology |
1.05% |
|||||||
Transportation - Services |
0.56% |
|||||||
Other Industrial |
0.35% |
|||||||
Consumer Cyclical - Entertainment |
0.26% |
|||||||
Consumer Cyclical - Restaurants |
0.25% |
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SUBTOTAL |
24.73% |
|||||||
Financial Institutions |
||||||||
Banking |
3.41% |
|||||||
Finance |
0.95% |
|||||||
Insurance |
0.81% |
|||||||
REITS |
0.70% |
|||||||
Other Finance |
0.56% |
|||||||
Brokerage |
0.28% |
|||||||
SUBTOTAL |
6.71% |
|||||||
Utility |
||||||||
Electric |
0.81% |
|||||||
SUBTOTAL |
0.81% |
|||||||
SUBTOTAL |
66.23% |
|||||||
Global Governments |
11.56% |
|||||||
Corporates - Investment Grade |
||||||||
Financial Institutions |
||||||||
Banking |
3.19% |
|||||||
Insurance |
1.98% |
|||||||
REITS |
0.46% |
|||||||
Finance |
0.01% |
|||||||
SUBTOTAL |
5.64% |
|||||||
Industrial |
||||||||
Consumer Cyclical - Other |
0.97% |
|||||||
Basic |
0.86% |
|||||||
Technology |
0.60% |
|||||||
Communications - Media |
0.53% |
|||||||
Energy |
0.51% |
|||||||
Consumer Non-Cyclical |
0.43% |
|||||||
Consumer Cyclical - Automotive |
0.37% |
|||||||
Communications - Telecommunications |
0.30% |
|||||||
Capital Goods |
0.20% |
|||||||
Other Industrial |
0.16% |
|||||||
Consumer Cyclical - Entertainment |
0.13% |
|||||||
Services |
0.09% |
|||||||
Consumer Cyclical - Retailers |
0.07% |
|||||||
SUBTOTAL |
5.22% |
|||||||
Utility |
||||||||
Electric |
0.09% |
|||||||
SUBTOTAL |
0.09% |
|||||||
SUBTOTAL |
10.95% |
|||||||
Collateralized Mortgage Obligations |
||||||||
Risk Share Floating Rate |
7.72% |
|||||||
Non-Agency Fixed Rate |
0.74% |
|||||||
Agency Fixed Rate |
0.66% |
|||||||
Non-Agency Floating Rate |
0.65% |
|||||||
SUBTOTAL |
9.77% |
|||||||
Emerging Markets - Sovereigns |
||||||||
Emerging Markets - Sovereigns |
8.92% |
|||||||
Credit Default Swaps |
0.77% |
|||||||
SUBTOTAL |
9.69% |
|||||||
Commercial Mortgage-Backed Securities |
||||||||
Credit Default Swaps |
6.04% |
|||||||
Non-Agency Fixed Rate CMBS |
1.86% |
|||||||
Non-Agency Floating Rate CMBS |
0.09% |
|||||||
SUBTOTAL |
7.99% |
|||||||
Bank Loans |
||||||||
Industrial |
||||||||
Consumer Non-Cyclical |
1.19% |
|||||||
Technology |
0.88% |
|||||||
Services |
0.58% |
|||||||
Consumer Cyclical - Other |
0.53% |
|||||||
Capital Goods |
0.52% |
|||||||
Energy |
0.34% |
|||||||
Consumer Cyclical - Retailers |
0.28% |
|||||||
Communications - Media |
0.15% |
|||||||
Consumer Cyclical - Entertainment |
0.14% |
|||||||
Other Industrial |
0.13% |
|||||||
Communications - Telecommunications |
0.11% |
|||||||
Consumer Cyclical - Restaurants |
0.11% |
|||||||
Consumer Cyclical - Automotive |
0.08% |
|||||||
Basic |
0.04% |
|||||||
SUBTOTAL |
5.08% |
|||||||
Financial Institutions |
||||||||
Insurance |
0.14% |
|||||||
Finance |
0.12% |
|||||||
SUBTOTAL |
0.26% |
|||||||
Utility |
||||||||
Electric |
0.19% |
|||||||
SUBTOTAL |
0.19% |
|||||||
SUBTOTAL |
5.53% |
|||||||
Emerging Markets - Corporate Bonds |
||||||||
Industrial |
||||||||
Consumer Non-Cyclical |
0.54% |
|||||||
Basic |
0.46% |
|||||||
Communications - Telecommunications |
0.29% |
|||||||
Energy |
0.28% |
|||||||
Consumer Cyclical - Other |
0.27% |
|||||||
Other Industrial |
0.10% |
|||||||
Transportation - Services |
0.05% |
|||||||
Communications - Media |
0.04% |
|||||||
Capital Goods |
0.02% |
|||||||
SUBTOTAL |
2.05% |
|||||||
Utility |
||||||||
Electric |
0.40% |
|||||||
SUBTOTAL |
0.40% |
|||||||
Financial Institutions |
||||||||
Banking |
0.06% |
|||||||
Insurance |
0.01% |
|||||||
SUBTOTAL |
0.07% |
|||||||
SUBTOTAL |
2.52% |
|||||||
Emerging Markets - Treasuries |
2.22% |
|||||||
Asset-Backed Securities |
||||||||
Other ABS - Fixed Rate |
0.76% |
|||||||
Home Equity Loans - Fixed Rate |
0.33% |
|||||||
Autos - Fixed Rate |
0.26% |
|||||||
Home Equity Loans - Floating Rate |
0.01% |
|||||||
SUBTOTAL |
1.36% |
|||||||
Total Return Swaps |
1.25% |
|||||||
Common Stocks |
0.88% |
|||||||
Collateralized Loan Obligations |
||||||||
CLO - Floating Rate |
0.86% |
|||||||
SUBTOTAL |
0.86% |
|||||||
Currency Instruments |
||||||||
Forward Currency Exchange Contracts |
0.76% |
|||||||
SUBTOTAL |
0.76% |
|||||||
Local Governments - US Municipal Bonds |
0.62% |
|||||||
Quasi-Sovereigns |
||||||||
Quasi-Sovereign Bonds |
0.56% |
|||||||
SUBTOTAL |
0.56% |
|||||||
Investment Companies |
||||||||
Funds and Investment Trusts |
0.51% |
|||||||
SUBTOTAL |
0.51% |
|||||||
Preferred Stocks |
||||||||
Financial Institutions |
0.28% |
|||||||
Utility |
0.02% |
|||||||
SUBTOTAL |
0.30% |
|||||||
Inflation-Linked Securities |
0.26% |
|||||||
Local Governments - Regional Bonds |
0.02% |
|||||||
Warrants |
0.01% |
|||||||
Whole Loan Trusts |
||||||||
Performing Asset |
0.01% |
|||||||
SUBTOTAL |
0.01% |
|||||||
Reverse Repurchase Agreements |
-0.18% |
|||||||
Interest Rate Futures |
-0.51% |
|||||||
Net Cash Equivalents |
||||||||
Investment Companies |
7.81% |
|||||||
Cash |
4.75% |
|||||||
Governments - Treasuries |
0.75% |
|||||||
Foreign Currency |
-0.04% |
|||||||
SUBTOTAL |
13.27% |
|||||||
Derivative Offsets |
||||||||
Futures Offsets |
0.62% |
|||||||
Swaps Offsets |
-47.06% |
|||||||
SUBTOTAL |
-46.44% |
|||||||
Total |
100.00% |
|||||||
Country Breakdown |
Portfolio % |
|||||||
United States |
68.73% |
|||||||
Brazil |
3.90% |
|||||||
United Kingdom |
2.29% |
|||||||
Canada |
1.66% |
|||||||
France |
1.34% |
|||||||
Egypt |
1.29% |
|||||||
Netherlands |
1.27% |
|||||||
Luxembourg |
1.01% |
|||||||
Dominican Republic |
0.92% |
|||||||
Italy |
0.89% |
|||||||
Argentina |
0.87% |
|||||||
Colombia |
0.85% |
|||||||
Cayman Islands |
0.85% |
|||||||
Switzerland |
0.77% |
|||||||
Indonesia |
0.75% |
|||||||
Russia |
0.75% |
|||||||
Turkey |
0.73% |
|||||||
Spain |
0.73% |
|||||||
Mexico |
0.67% |
|||||||
Ukraine |
0.67% |
|||||||
Kenya |
0.52% |
|||||||
Ivory Coast |
0.51% |
|||||||
Nigeria |
0.51% |
|||||||
Ireland |
0.50% |
|||||||
Bahrain |
0.45% |
|||||||
Oman |
0.44% |
|||||||
United Arab Emirates |
0.36% |
|||||||
Finland |
0.36% |
|||||||
Zambia |
0.31% |
|||||||
Bermuda |
0.31% |
|||||||
Honduras |
0.31% |
|||||||
Costa Rica |
0.30% |
|||||||
Mongolia |
0.30% |
|||||||
Sri Lanka |
0.28% |
|||||||
Denmark |
0.27% |
|||||||
Senegal |
0.26% |
|||||||
Gabon |
0.25% |
|||||||
Ghana |
0.25% |
|||||||
Sweden |
0.22% |
|||||||
South Africa |
0.19% |
|||||||
Norway |
0.17% |
|||||||
Hong Kong |
0.17% |
|||||||
Angola |
0.17% |
|||||||
Jamaica |
0.16% |
|||||||
Germany |
0.15% |
|||||||
El Salvador |
0.14% |
|||||||
Cameroon |
0.12% |
|||||||
Ecuador |
0.12% |
|||||||
Israel |
0.11% |
|||||||
Australia |
0.11% |
|||||||
Chile |
0.10% |
|||||||
Macau |
0.10% |
|||||||
Peru |
0.09% |
|||||||
Trinidad & Tobago |
0.09% |
|||||||
Venezuela |
0.08% |
|||||||
Kazakhstan |
0.07% |
|||||||
Jordan |
0.06% |
|||||||
Iraq |
0.06% |
|||||||
Lebanon |
0.05% |
|||||||
India |
0.02% |
|||||||
Pakistan |
0.02% |
|||||||
Total Investments |
100.00% |
|||||||
Net Currency Exposure Breakdown |
Portfolio % |
|||||||
United States Dollar |
97.65% |
|||||||
Japanese Yen |
0.80% |
|||||||
Egypt Pound |
0.64% |
|||||||
Indian Rupee |
0.33% |
|||||||
Russian Rubles |
0.16% |
|||||||
Brazilian Real |
0.15% |
|||||||
Nigerian Naira |
0.11% |
|||||||
Pakistan Rupee |
0.11% |
|||||||
Euro |
0.08% |
|||||||
Argentine Peso |
0.06% |
|||||||
South African Rand |
0.04% |
|||||||
Mexican Peso |
0.03% |
|||||||
Norwegian Krone |
0.02% |
|||||||
Colombian Peso |
0.01% |
|||||||
Malaysian Ringgit |
0.01% |
|||||||
New Zealand Dollar |
0.01% |
|||||||
Swedish Krona |
0.01% |
|||||||
Australian Dollar |
-0.01% |
|||||||
Great British Pound |
-0.05% |
|||||||
Indonesian Rupiah |
-0.06% |
|||||||
Canadian Dollar |
-0.10% |
|||||||
Total Net Assets |
100.00% |
|||||||
Credit Rating |
Portfolio % |
|||||||
AAA |
13.41% |
|||||||
AA |
1.84% |
|||||||
A |
2.32% |
|||||||
BBB |
16.67% |
|||||||
BB |
23.30% |
|||||||
B |
17.48% |
|||||||
CCC |
6.88% |
|||||||
CC |
0.41% |
|||||||
C |
0.11% |
|||||||
D |
0.03% |
|||||||
Not Rated |
5.65% |
|||||||
Short Term Investments |
8.55% |
|||||||
Reverse Repurchase Agreements |
-0.18% |
|||||||
N/A |
3.53% |
|||||||
Total |
100.00% |
|||||||
Bonds By Maturity |
Portfolio % |
|||||||
Less than 1 year |
8.57% |
|||||||
1 to 5 years |
43.87% |
|||||||
5 to 10 years |
36.96% |
|||||||
10 to 20 years |
7.10% |
|||||||
20 to 30 years |
2.21% |
|||||||
More Than 30 years |
0.39% |
|||||||
Other |
0.90% |
|||||||
Total Net Assets |
100.00% |
|||||||
Portfolio Statistics: |
||||||||
Average Coupon: |
7.62% |
|||||||
Average Bond Price: |
91.67 |
|||||||
Percentage of Leverage(based on gross assets): |
||||||||
Bank Borrowing: |
0.00% |
|||||||
Investment Operations: |
53.32% |
|||||||
Preferred stock: |
0.00% |
|||||||
Tender Option Bonds: |
0.00% |
|||||||
VMTP Shares: |
0.00% |
|||||||
Total Fund Leverage: |
53.32% |
|||||||
Average Maturity: |
5.83 Years |
|||||||
Effective Duration: |
3.91 Years |
|||||||
Total Net Assets: |
$926.17 Million |
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Net Asset Value: |
$10.74 |
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Number of Holdings: |
1523 |
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Portfolio Turnover: |
40% |
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* 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. |
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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. |
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SOURCE AllianceBernstein Global High Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
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