AB Global High Income Fund Releases Monthly Portfolio Update
May 22, 2020, 16:06 ET
NEW YORK, May 22, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30,2020.
AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) U.S. Treasury Notes 2.25%, 2/15/27 |
3.12% |
|
2) U.S. Treasury Notes 2.875%, 8/15/28 |
2.22% |
|
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 |
2.06% |
|
4) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.95% |
|
5) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.79% |
|
6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 |
0.73% |
|
7) Ukraine Government International Bond 7.75%, 9/01/21 - 9/01/24 |
0.62% |
|
8) Dominican Republic International Bond 8.625%, 4/20/27 |
0.61% |
|
9) U.S. Treasury Bonds 8.125%, 5/15/21 |
0.60% |
|
10) Colombian TES Series B 10.00%, 7/24/24 |
0.57% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Credit Default Swaps |
31.76% |
|
SUBTOTAL |
31.76% |
|
Industrial |
||
Communications - Media |
3.54% |
|
Basic |
3.28% |
|
Consumer Non-Cyclical |
3.20% |
|
Energy |
3.00% |
|
Consumer Cyclical - Other |
2.41% |
|
Communications - Telecommunications |
2.33% |
|
Capital Goods |
2.20% |
|
Services |
1.73% |
|
Consumer Cyclical - Automotive |
1.50% |
|
Technology |
1.10% |
|
Consumer Cyclical - Retailers |
1.08% |
|
Consumer Cyclical - Entertainment |
0.63% |
|
Transportation - Services |
0.52% |
|
Other Industrial |
0.35% |
|
Consumer Cyclical - Restaurants |
0.33% |
|
SUBTOTAL |
27.20% |
|
Financial Institutions |
||
Banking |
2.08% |
|
Finance |
0.97% |
|
Insurance |
0.95% |
|
REITS |
0.66% |
|
Other Finance |
0.57% |
|
Brokerage |
0.28% |
|
SUBTOTAL |
5.51% |
|
Utility |
||
Electric |
0.84% |
|
SUBTOTAL |
0.84% |
|
SUBTOTAL |
65.31% |
|
Corporates - Investment Grade |
||
Financial Institutions |
||
Banking |
5.07% |
|
Insurance |
2.06% |
|
REITS |
0.54% |
|
Brokerage |
0.09% |
|
Finance |
0.06% |
|
SUBTOTAL |
7.82% |
|
Industrial |
||
Basic |
1.11% |
|
Energy |
1.09% |
|
Consumer Cyclical - Other |
1.03% |
|
Consumer Cyclical - Automotive |
0.83% |
|
Technology |
0.76% |
|
Communications - Media |
0.58% |
|
Consumer Cyclical - Entertainment |
0.49% |
|
Consumer Non-Cyclical |
0.46% |
|
Services |
0.33% |
|
Communications - Telecommunications |
0.31% |
|
Transportation - Airlines |
0.25% |
|
Capital Goods |
0.20% |
|
Other Industrial |
0.19% |
|
Consumer Cyclical - Retailers |
0.10% |
|
Transportation - Services |
0.06% |
|
SUBTOTAL |
7.79% |
|
Utility |
||
Electric |
0.16% |
|
SUBTOTAL |
0.16% |
|
Credit Default Swaps |
0.07% |
|
SUBTOTAL |
0.07% |
|
SUBTOTAL |
15.84% |
|
Global Governments |
11.69% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
7.94% |
|
Non-Agency Fixed Rate |
0.76% |
|
Non-Agency Floating Rate |
0.64% |
|
Agency Fixed Rate |
0.63% |
|
SUBTOTAL |
9.97% |
|
Emerging Markets - Sovereigns |
||
Credit Default Swaps |
0.75% |
|
Commercial Mortgage-Backed Securities |
||
Credit Default Swaps |
5.06% |
|
Non-Agency Fixed Rate CMBS |
1.58% |
|
Non-Agency Floating Rate CMBS |
0.09% |
|
SUBTOTAL |
6.73% |
|
Bank Loans |
||
Industrial |
||
Consumer Non-Cyclical |
1.27% |
|
Technology |
0.88% |
|
Consumer Cyclical - Other |
0.55% |
|
Capital Goods |
0.55% |
|
Services |
0.50% |
|
Energy |
0.34% |
|
Consumer Cyclical - Retailers |
0.28% |
|
Consumer Cyclical - Entertainment |
0.15% |
|
Communications - Media |
0.15% |
|
Consumer Cyclical - Restaurants |
0.12% |
|
Other Industrial |
0.12% |
|
Communications - Telecommunications |
0.11% |
|
Consumer Cyclical - Automotive |
0.08% |
|
Basic |
0.04% |
|
Transportation - Airlines |
0.02% |
|
SUBTOTAL |
5.16% |
|
Financial Institutions |
||
Insurance |
0.14% |
|
Finance |
0.13% |
|
SUBTOTAL |
0.27% |
|
Utility |
||
Electric |
0.21% |
|
SUBTOTAL |
0.21% |
|
SUBTOTAL |
5.64% |
|
Emerging Markets - Corporate Bonds |
||
Industrial |
||
Consumer Non-Cyclical |
0.56% |
|
Basic |
0.53% |
|
Energy |
0.31% |
|
Communications - Telecommunications |
0.30% |
|
Consumer Cyclical - Other |
0.29% |
|
Transportation - Services |
0.05% |
|
Communications - Media |
0.05% |
|
Capital Goods |
0.02% |
|
SUBTOTAL |
2.11% |
|
Utility |
||
Electric |
0.42% |
|
SUBTOTAL |
0.42% |
|
Financial Institutions |
||
Banking |
0.05% |
|
Other Finance |
0.02% |
|
Insurance |
0.01% |
|
SUBTOTAL |
0.08% |
|
SUBTOTAL |
2.61% |
|
Emerging Markets - Treasuries |
2.08% |
|
Total Return Swaps |
1.31% |
|
Collateralized Loan Obligations |
||
CLO - Floating Rate |
1.30% |
|
SUBTOTAL |
1.30% |
|
Asset-Backed Securities |
||
Other ABS - Fixed Rate |
0.56% |
|
Home Equity Loans - Fixed Rate |
0.33% |
|
Autos - Fixed Rate |
0.27% |
|
Home Equity Loans - Floating Rate |
0.01% |
|
SUBTOTAL |
1.17% |
|
Quasi-Sovereigns |
||
Quasi-Sovereign Bonds |
1.06% |
|
SUBTOTAL |
1.06% |
|
Common Stocks |
0.97% |
|
Investment Companies |
||
Funds and Investment Trusts |
0.52% |
|
SUBTOTAL |
0.52% |
|
Local Governments - US Municipal Bonds |
0.39% |
|
Preferred Stocks |
||
Financial Institutions |
0.32% |
|
Utility |
0.03% |
|
SUBTOTAL |
0.35% |
|
Currency Instruments |
||
Forward Currency Exchange Contracts |
0.32% |
|
SUBTOTAL |
0.32% |
|
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 |
-0.24% |
|
Interest Rate Futures |
-1.69% |
|
Net Cash Equivalents |
||
Cash |
5.89% |
|
Investment Companies |
0.94% |
|
Governments - Treasuries |
0.29% |
|
Foreign Currency |
-0.02% |
|
SUBTOTAL |
7.10% |
|
Derivative Offsets |
||
Futures Offsets |
1.75% |
|
Swaps Offsets |
-44.34% |
|
SUBTOTAL |
-42.59% |
|
Total |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
66.76% |
|
Brazil |
4.08% |
|
United Kingdom |
2.42% |
|
Canada |
1.82% |
|
Mexico |
1.42% |
|
France |
1.42% |
|
Netherlands |
1.34% |
|
Egypt |
1.18% |
|
Luxembourg |
1.09% |
|
Cayman Islands |
1.03% |
|
Dominican Republic |
0.93% |
|
Italy |
0.90% |
|
Colombia |
0.89% |
|
Switzerland |
0.84% |
|
Indonesia |
0.81% |
|
Russia |
0.80% |
|
Spain |
0.77% |
|
Argentina |
0.76% |
|
Ukraine |
0.70% |
|
Nigeria |
0.52% |
|
Ireland |
0.51% |
|
Bahrain |
0.49% |
|
Kenya |
0.49% |
|
Ivory Coast |
0.48% |
|
Oman |
0.46% |
|
South Africa |
0.43% |
|
United Arab Emirates |
0.42% |
|
Finland |
0.39% |
|
Angola |
0.35% |
|
Zambia |
0.32% |
|
Bermuda |
0.31% |
|
Mongolia |
0.29% |
|
Costa Rica |
0.29% |
|
Sri Lanka |
0.29% |
|
Denmark |
0.28% |
|
Honduras |
0.28% |
|
Gabon |
0.28% |
|
El Salvador |
0.28% |
|
Senegal |
0.26% |
|
Ghana |
0.26% |
|
Sweden |
0.23% |
|
Turkey |
0.19% |
|
Germany |
0.19% |
|
Hong Kong |
0.19% |
|
Norway |
0.18% |
|
Ecuador |
0.18% |
|
Jamaica |
0.16% |
|
Chile |
0.12% |
|
Australia |
0.11% |
|
Israel |
0.11% |
|
Peru |
0.11% |
|
Macau |
0.11% |
|
Venezuela |
0.08% |
|
Kazakhstan |
0.07% |
|
Jordan |
0.06% |
|
Guatemala |
0.06% |
|
China |
0.05% |
|
Iraq |
0.05% |
|
Lebanon |
0.04% |
|
Cameroon |
0.04% |
|
Pakistan |
0.02% |
|
India |
0.01% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
98.20% |
|
Japanese Yen |
0.80% |
|
Egypt Pound |
0.63% |
|
Indian Rupee |
0.33% |
|
Russian Rubles |
0.18% |
|
Brazilian Real |
0.15% |
|
Nigerian Naira |
0.10% |
|
Argentine Peso |
0.06% |
|
Mexican Peso |
0.04% |
|
Colombian Peso |
0.01% |
|
Malaysian Ringgit |
0.01% |
|
New Zealand Dollar |
0.01% |
|
Taiwan New Dollar |
0.01% |
|
Australian Dollar |
-0.01% |
|
Swiss Franc |
-0.01% |
|
Polish Zloty |
-0.01% |
|
Indonesian Rupiah |
-0.04% |
|
Canadian Dollar |
-0.11% |
|
Euro |
-0.35% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
14.49% |
|
AA |
1.44% |
|
A |
2.47% |
|
BBB |
20.10% |
|
BB |
25.39% |
|
B |
18.26% |
|
CCC |
6.44% |
|
CC |
1.38% |
|
C |
0.12% |
|
D |
0.08% |
|
Not Rated |
5.46% |
|
Short Term Investments |
1.24% |
|
Reverse Repurchase Agreements |
-0.24% |
|
N/A |
3.37% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
2.52% |
|
1 to 5 years |
48.86% |
|
5 to 10 years |
36.41% |
|
10 to 20 years |
7.33% |
|
20 to 30 years |
3.47% |
|
More Than 30 years |
0.43% |
|
Other |
0.98% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
||
Average Coupon: |
7.89% |
|
Average Bond Price: |
94.37 |
|
Percentage of Leverage(based on gross assets): |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
51.37% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
51.37% |
|
Average Maturity: |
6.29 Years |
|
Effective Duration: |
4.26 Years |
|
Total Net Assets: |
$942.13 Million |
|
Net Asset Value: |
$10.93 |
|
Number of Holdings: |
1656 |
|
Portfolio Turnover: |
40% |
|
* 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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