AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, July 27, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30,2020.
AB Global High Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 2.25%, 2/15/27 |
2.58% |
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 |
1.90% |
3) U.S. Treasury Notes 2.875%, 8/15/28 |
1.63% |
4) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 |
0.74% |
5) Argentine Republic Government International Bond 6.875%, 1/26/27 - 1/11/48 |
0.70% |
6) Ukraine Government International Bond 7.75%, 9/01/21 - 9/01/24 |
0.64% |
7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.63% |
8) Colombian TES Series B 10.00%, 7/24/24 |
0.59% |
9) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.46% |
10) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 0.528%, 1/25/37 |
0.43% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Credit Default Swaps |
29.71% |
SUBTOTAL |
29.71% |
Industrial |
|
Communications - Media |
3.52% |
Energy |
3.19% |
Consumer Non-Cyclical |
3.10% |
Basic |
2.80% |
Consumer Cyclical - Other |
2.75% |
Capital Goods |
2.20% |
Consumer Cyclical - Automotive |
2.16% |
Communications - Telecommunications |
2.07% |
Services |
1.71% |
Consumer Cyclical - Retailers |
1.18% |
Technology |
0.99% |
Consumer Cyclical - Entertainment |
0.62% |
Transportation - Services |
0.60% |
Consumer Cyclical - Restaurants |
0.31% |
Other Industrial |
0.30% |
SUBTOTAL |
27.50% |
Financial Institutions |
|
Banking |
2.25% |
Insurance |
0.97% |
Finance |
0.93% |
REITS |
0.77% |
Other Finance |
0.35% |
Brokerage |
0.32% |
SUBTOTAL |
5.59% |
Utility |
|
Electric |
0.63% |
SUBTOTAL |
0.63% |
SUBTOTAL |
63.43% |
Corporates - Investment Grade |
|
Industrial |
|
Energy |
1.50% |
Basic |
1.31% |
Consumer Cyclical - Other |
0.97% |
Consumer Cyclical - Entertainment |
0.87% |
Technology |
0.74% |
Consumer Cyclical - Automotive |
0.60% |
Transportation - Airlines |
0.58% |
Communications - Media |
0.48% |
Consumer Non-Cyclical |
0.45% |
Communications - Telecommunications |
0.30% |
Services |
0.27% |
Transportation - Services |
0.27% |
Other Industrial |
0.19% |
Capital Goods |
0.18% |
Consumer Cyclical - Retailers |
0.07% |
SUBTOTAL |
8.78% |
Financial Institutions |
|
Banking |
5.40% |
Insurance |
1.98% |
REITS |
0.40% |
Finance |
0.38% |
Brokerage |
0.14% |
SUBTOTAL |
8.30% |
Credit Default Swaps |
0.14% |
SUBTOTAL |
0.14% |
Utility |
|
Electric |
0.06% |
SUBTOTAL |
0.06% |
SUBTOTAL |
17.28% |
Collateralized Mortgage Obligations |
|
Risk Share Floating Rate |
9.66% |
Non-Agency Fixed Rate |
0.71% |
Non-Agency Floating Rate |
0.61% |
Agency Fixed Rate |
0.58% |
SUBTOTAL |
11.56% |
Emerging Markets - Sovereigns |
|
Emerging Markets - Sovereigns |
10.14% |
Credit Default Swaps |
0.48% |
SUBTOTAL |
10.62% |
Global Governments |
8.28% |
Interest Rate Futures |
7.62% |
Commercial Mortgage-Backed Securities |
|
Credit Default Swaps |
4.81% |
Non-Agency Fixed Rate CMBS |
1.50% |
Non-Agency Floating Rate CMBS |
0.09% |
SUBTOTAL |
6.40% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
1.03% |
Technology |
0.85% |
Capital Goods |
0.54% |
Consumer Cyclical - Other |
0.54% |
Services |
0.47% |
Energy |
0.34% |
Consumer Cyclical - Retailers |
0.25% |
Communications - Media |
0.17% |
Other Industrial |
0.12% |
Consumer Cyclical - Restaurants |
0.11% |
Communications - Telecommunications |
0.09% |
Consumer Cyclical - Entertainment |
0.08% |
Consumer Cyclical - Automotive |
0.08% |
Basic |
0.05% |
Transportation - Airlines |
0.02% |
SUBTOTAL |
4.74% |
Financial Institutions |
|
Insurance |
0.14% |
Finance |
0.12% |
SUBTOTAL |
0.26% |
Utility |
|
Electric |
0.20% |
SUBTOTAL |
0.20% |
SUBTOTAL |
5.20% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Basic |
0.83% |
Energy |
0.60% |
Consumer Non-Cyclical |
0.44% |
Consumer Cyclical - Other |
0.35% |
Communications - Telecommunications |
0.34% |
Capital Goods |
0.11% |
Communications - Media |
0.08% |
Transportation - Services |
0.05% |
SUBTOTAL |
2.80% |
Utility |
|
Electric |
0.40% |
SUBTOTAL |
0.40% |
Financial Institutions |
|
Banking |
0.05% |
Insurance |
0.01% |
SUBTOTAL |
0.06% |
SUBTOTAL |
3.26% |
Emerging Markets - Treasuries |
1.92% |
Collateralized Loan Obligations |
|
CLO - Floating Rate |
1.34% |
SUBTOTAL |
1.34% |
Total Return Swaps |
1.31% |
Asset-Backed Securities |
|
Other ABS - Fixed Rate |
0.53% |
Home Equity Loans - Fixed Rate |
0.31% |
Autos - Fixed Rate |
0.28% |
Home Equity Loans - Floating Rate |
0.01% |
SUBTOTAL |
1.13% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.11% |
SUBTOTAL |
1.11% |
Common Stocks |
0.85% |
Investment Companies |
|
Funds and Investment Trusts |
0.53% |
SUBTOTAL |
0.53% |
Local Governments - US Municipal Bonds |
0.39% |
Preferred Stocks |
|
Financial Institutions |
0.26% |
Industrial |
0.09% |
Utility |
0.02% |
SUBTOTAL |
0.37% |
Inflation-Linked Securities |
0.25% |
Local Governments - Regional Bonds |
0.02% |
Warrants |
0.01% |
Whole Loan Trusts |
|
Performing Asset |
0.01% |
SUBTOTAL |
0.01% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
-0.10% |
SUBTOTAL |
-0.10% |
Reverse Repurchase Agreements |
-0.12% |
Net Cash Equivalents |
|
Cash |
3.52% |
Investment Companies |
0.28% |
Governments - Treasuries |
0.27% |
Foreign Currency |
-0.02% |
SUBTOTAL |
4.05% |
Derivative Offsets |
|
Futures Offsets |
-7.52% |
Swaps Offsets |
-39.20% |
SUBTOTAL |
-46.72% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
65.71% |
Brazil |
4.58% |
United Kingdom |
2.50% |
Mexico |
1.55% |
Canada |
1.44% |
Egypt |
1.36% |
France |
1.24% |
Colombia |
1.19% |
Netherlands |
1.19% |
Argentina |
1.10% |
Dominican Republic |
0.99% |
Cayman Islands |
0.99% |
Italy |
0.89% |
Indonesia |
0.83% |
Russia |
0.79% |
Switzerland |
0.79% |
Spain |
0.76% |
Luxembourg |
0.75% |
Ukraine |
0.71% |
Bahrain |
0.68% |
Nigeria |
0.58% |
Ireland |
0.53% |
Ivory Coast |
0.52% |
Kenya |
0.50% |
Oman |
0.49% |
South Africa |
0.44% |
Angola |
0.40% |
United Arab Emirates |
0.39% |
Finland |
0.39% |
Gabon |
0.34% |
El Salvador |
0.30% |
Honduras |
0.30% |
Ghana |
0.29% |
Bermuda |
0.29% |
Costa Rica |
0.28% |
Mongolia |
0.28% |
Senegal |
0.28% |
Denmark |
0.27% |
Zambia |
0.26% |
Ecuador |
0.25% |
Sweden |
0.24% |
Turkey |
0.23% |
Germany |
0.21% |
Hong Kong |
0.20% |
Chile |
0.19% |
Norway |
0.17% |
Jamaica |
0.15% |
Macau |
0.15% |
Australia |
0.15% |
Peru |
0.11% |
Israel |
0.11% |
Trinidad & Tobago |
0.08% |
Kazakhstan |
0.07% |
Sri Lanka |
0.07% |
Jordan |
0.07% |
Guatemala |
0.06% |
Iraq |
0.06% |
Morocco |
0.06% |
China |
0.05% |
Venezuela |
0.05% |
Lebanon |
0.04% |
Kuwait |
0.04% |
Pakistan |
0.02% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
98.80% |
Japanese Yen |
0.74% |
Indian Rupee |
0.32% |
Egypt Pound |
0.27% |
Russian Rubles |
0.18% |
Brazilian Real |
0.12% |
Nigerian Naira |
0.10% |
Argentine Peso |
0.07% |
Mexican Peso |
0.06% |
Great British Pound |
0.01% |
Indonesian Rupiah |
0.01% |
Malaysian Ringgit |
0.01% |
Taiwan New Dollar |
0.01% |
Swiss Franc |
-0.01% |
Chilean Peso |
-0.01% |
Colombian Peso |
-0.04% |
Canadian Dollar |
-0.09% |
Euro |
-0.55% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
9.54% |
AA |
1.59% |
A |
2.45% |
BBB |
24.23% |
BB |
24.08% |
B |
20.31% |
CCC |
6.91% |
CC |
1.65% |
C |
0.11% |
D |
0.36% |
Not Rated |
5.75% |
Short Term Investments |
0.55% |
Reverse Repurchase Agreements |
-0.12% |
N/A |
2.59% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
3.86% |
1 to 5 years |
54.15% |
5 to 10 years |
30.96% |
10 to 20 years |
6.27% |
20 to 30 years |
3.49% |
More Than 30 years |
0.40% |
Other |
0.87% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.80% |
Average Bond Price: |
98.71 |
Percentage of Leverage(based on gross assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
46.24% |
Preferred stock: |
0.00% |
Tender Option Bonds: |
0.00% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
46.24% |
Average Maturity: |
5.97 Years |
Effective Duration: |
4.93 Years |
Total Net Assets: |
$1,013.12 Million |
Net Asset Value: |
$11.75 |
Number of Holdings: |
1668 |
Portfolio Turnover: |
32% |
* 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
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