AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, May 25, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of April 30,2018.
AB Global High Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 |
4.40% |
|
2) U.S. Treasury Notes 0.875%, 4/15/19 |
3.57% |
|
3) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.89% |
|
4) Argentine Republic Government International Bond 6.875%, 4/22/21 - 1/26/27 |
0.74% |
|
5) Turkey Government Bond 11.10%, 5/15/19 |
0.64% |
|
6) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.077%, 1/25/37 |
0.63% |
|
7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.57% |
|
8) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.56% |
|
9) U.S. Treasury Bonds 8.125%, 5/15/21 |
0.52% |
|
10) Malaysia Government Bond Series 511 3.58%, 9/28/18 |
0.52% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
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Industrial |
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Energy |
7.27% |
|
Communications - Media |
4.70% |
|
Consumer Non-Cyclical |
4.03% |
|
Basic |
3.94% |
|
Communications - Telecommunications |
2.62% |
|
Consumer Cyclical - Other |
2.24% |
|
Capital Goods |
1.75% |
|
Services |
1.64% |
|
Technology |
1.62% |
|
Consumer Cyclical - Automotive |
1.39% |
|
Transportation - Services |
1.20% |
|
Consumer Cyclical - Retailers |
0.94% |
|
Other Industrial |
0.62% |
|
Consumer Cyclical - Entertainment |
0.35% |
|
Consumer Cyclical - Restaurants |
0.12% |
|
Transportation - Airlines |
0.09% |
|
SUBTOTAL |
34.52% |
|
Credit Default Swaps |
9.84% |
|
SUBTOTAL |
9.84% |
|
Financial Institutions |
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Banking |
5.03% |
|
Finance |
1.09% |
|
Insurance |
0.70% |
|
Other Finance |
0.54% |
|
REITS |
0.19% |
|
Brokerage |
0.13% |
|
SUBTOTAL |
7.68% |
|
Utility |
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Electric |
1.38% |
|
Natural Gas |
0.17% |
|
SUBTOTAL |
1.55% |
|
SUBTOTAL |
53.59% |
|
Interest Rate Swaps |
14.92% |
|
Collateralized Mortgage Obligations |
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Risk Share Floating Rate |
9.33% |
|
Non-Agency Fixed Rate |
1.12% |
|
Non-Agency Floating Rate |
1.00% |
|
SUBTOTAL |
11.45% |
|
Interest Rate Futures |
11.41% |
|
Global Governments |
10.15% |
|
Emerging Markets - Treasuries |
7.80% |
|
Corporates - Investment Grade |
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Financial Institutions |
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Insurance |
1.93% |
|
Banking |
1.33% |
|
REITS |
0.22% |
|
Brokerage |
0.09% |
|
SUBTOTAL |
3.57% |
|
Industrial |
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Basic |
0.94% |
|
Energy |
0.45% |
|
Technology |
0.42% |
|
Communications - Telecommunications |
0.31% |
|
Capital Goods |
0.26% |
|
Consumer Non-Cyclical |
0.18% |
|
Communications - Media |
0.14% |
|
Consumer Cyclical - Automotive |
0.12% |
|
Consumer Cyclical - Other |
0.08% |
|
Services |
0.06% |
|
Transportation - Airlines |
0.03% |
|
SUBTOTAL |
2.99% |
|
Credit Default Swaps |
0.92% |
|
SUBTOTAL |
0.92% |
|
SUBTOTAL |
7.48% |
|
Emerging Markets - Sovereigns |
6.91% |
|
Commercial Mortgage-Backed Securities |
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Credit Default Swaps |
4.40% |
|
Non-Agency Fixed Rate CMBS |
2.08% |
|
Non-Agency Floating Rate CMBS |
0.14% |
|
SUBTOTAL |
6.62% |
|
Emerging Markets - Corporate Bonds |
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Industrial |
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Energy |
1.00% |
|
Basic |
0.95% |
|
Consumer Non-Cyclical |
0.89% |
|
Communications - Telecommunications |
0.47% |
|
Capital Goods |
0.24% |
|
Consumer Cyclical - Other |
0.18% |
|
Transportation - Services |
0.15% |
|
Consumer Cyclical - Retailers |
0.06% |
|
Technology |
0.05% |
|
Other Industrial |
0.04% |
|
Transportation - Airlines |
0.03% |
|
SUBTOTAL |
4.06% |
|
Financial Institutions |
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Banking |
0.42% |
|
Finance |
0.05% |
|
Other Finance |
0.03% |
|
Insurance |
0.01% |
|
SUBTOTAL |
0.51% |
|
Utility |
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Electric |
0.14% |
|
SUBTOTAL |
0.14% |
|
SUBTOTAL |
4.71% |
|
Total Return Swaps |
4.26% |
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Bank Loans |
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Industrial |
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Consumer Non-Cyclical |
1.00% |
|
Capital Goods |
0.44% |
|
Consumer Cyclical - Other |
0.34% |
|
Consumer Cyclical - Retailers |
0.30% |
|
Energy |
0.26% |
|
Technology |
0.24% |
|
Communications - Telecommunications |
0.11% |
|
Transportation - Services |
0.09% |
|
Consumer Cyclical - Entertainment |
0.08% |
|
Other Industrial |
0.08% |
|
Basic |
0.08% |
|
Consumer Cyclical - Automotive |
0.03% |
|
Services |
0.02% |
|
Consumer Cyclical - Restaurants |
0.02% |
|
SUBTOTAL |
3.09% |
|
Financial Institutions |
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Insurance |
0.09% |
|
SUBTOTAL |
0.09% |
|
SUBTOTAL |
3.18% |
|
Common Stocks |
1.71% |
|
Asset-Backed Securities |
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Other ABS - Fixed Rate |
1.06% |
|
Home Equity Loans - Fixed Rate |
0.37% |
|
Autos - Fixed Rate |
0.07% |
|
Home Equity Loans - Floating Rate |
0.02% |
|
SUBTOTAL |
1.52% |
|
Preferred Stocks |
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Industrial |
0.95% |
|
Financial Institutions |
0.18% |
|
Utility |
0.03% |
|
SUBTOTAL |
1.16% |
|
Equity Futures |
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Equity Index Futures |
1.04% |
|
SUBTOTAL |
1.04% |
|
Inflation-Linked Securities |
0.70% |
|
Local Governments - Regional Bonds |
0.56% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
0.48% |
|
SUBTOTAL |
0.48% |
|
Local Governments - US Municipal Bonds |
0.45% |
|
Investment Companies |
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Funds and Investment Trusts |
0.20% |
|
SUBTOTAL |
0.20% |
|
Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.19% |
|
SUBTOTAL |
0.19% |
|
Whole Loan Trusts |
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Performing Asset |
0.19% |
|
SUBTOTAL |
0.19% |
|
Collateralized Loan Obligations |
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CLO - Floating Rate |
0.16% |
|
SUBTOTAL |
0.16% |
|
Warrants |
0.02% |
|
Options Purchased - Calls |
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Options on Forward Contracts |
0.01% |
|
Swaptions |
0.01% |
|
SUBTOTAL |
0.02% |
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Options Purchased - Puts |
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Options on Forward Contracts |
0.01% |
|
SUBTOTAL |
0.01% |
|
Call Options Written |
-0.02% |
|
Put Options Written |
-0.13% |
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Reverse Repurchase Agreements |
-6.92% |
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Net Cash Equivalents |
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Investment Companies |
1.30% |
|
Cash |
1.02% |
|
Emerging Markets - Sovereigns |
0.54% |
|
Governments - Treasuries |
0.25% |
|
Corporates - Non-Investment Grade |
0.20% |
|
SUBTOTAL |
3.31% |
|
Derivative Offsets |
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Futures Offsets |
-12.54% |
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Swaps Offsets |
-34.59% |
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SUBTOTAL |
-47.13% |
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Total |
100.00% |
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Country Breakdown |
Portfolio % |
|
United States |
61.19% |
|
Brazil |
6.33% |
|
Argentina |
3.00% |
|
United Kingdom |
2.76% |
|
Turkey |
2.12% |
|
Canada |
1.83% |
|
Luxembourg |
1.73% |
|
Indonesia |
1.70% |
|
France |
1.60% |
|
Netherlands |
1.24% |
|
Dominican Republic |
1.22% |
|
Italy |
1.18% |
|
Ireland |
1.14% |
|
Egypt |
0.99% |
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Spain |
0.84% |
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Switzerland |
0.79% |
|
Russia |
0.65% |
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Colombia |
0.60% |
|
Zambia |
0.59% |
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Sri Lanka |
0.59% |
|
Ivory Coast |
0.51% |
|
Mexico |
0.50% |
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Malaysia |
0.49% |
|
Ukraine |
0.46% |
|
Jamaica |
0.42% |
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Germany |
0.38% |
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Cayman Islands |
0.38% |
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India |
0.35% |
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South Africa |
0.34% |
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United Arab Emirates |
0.29% |
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Ecuador |
0.26% |
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Gabon |
0.25% |
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Venezuela |
0.21% |
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Mongolia |
0.19% |
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Norway |
0.18% |
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Israel |
0.17% |
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Guatemala |
0.16% |
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Trinidad & Tobago |
0.15% |
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Sweden |
0.14% |
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El Salvador |
0.14% |
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Bahrain |
0.14% |
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Macau |
0.13% |
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Nigeria |
0.12% |
|
Pakistan |
0.12% |
|
Denmark |
0.12% |
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Uruguay |
0.12% |
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Cameroon |
0.11% |
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Kenya |
0.11% |
|
Australia |
0.11% |
|
Kazakhstan |
0.09% |
|
Honduras |
0.09% |
|
Peru |
0.08% |
|
Senegal |
0.07% |
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Costa Rica |
0.07% |
|
Angola |
0.06% |
|
Lebanon |
0.06% |
|
Chile |
0.06% |
|
Iraq |
0.05% |
|
Jordan |
0.05% |
|
Finland |
0.05% |
|
China |
0.04% |
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Hong Kong |
0.04% |
|
Jersey (Channel Islands) |
0.02% |
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Belarus |
0.02% |
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Serbia |
0.01% |
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Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
97.01% |
|
South Korean Won |
1.71% |
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Indonesian Rupiah |
1.52% |
|
Argentine Peso |
1.39% |
|
Euro |
1.36% |
|
Indian Rupee |
1.01% |
|
Chinese Yuan Renminbi (Offshore) |
1.00% |
|
Egypt Pound |
0.79% |
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Colombian Peso |
0.67% |
|
Malaysian Ringgit |
0.54% |
|
South African Rand |
0.53% |
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Sri Lankan Rupee |
0.49% |
|
Polish Zloty |
0.49% |
|
Russian Rubles |
0.49% |
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Canadian Dollar |
0.47% |
|
Dominican Peso |
0.46% |
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Uruguayan Peso |
0.13% |
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Hong Kong Dollar |
-0.02% |
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Brazilian Real |
-0.10% |
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Japanese Yen |
-0.11% |
|
Norwegian Krone |
-0.16% |
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Great British Pound |
-0.26% |
|
Mexican Peso |
-0.38% |
|
New Turkish Lira |
-0.38% |
|
New Zealand Dollar |
-0.84% |
|
Swedish Krona |
-0.89% |
|
Australian Dollar |
-1.24% |
|
Taiwan New Dollar |
-1.76% |
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Swiss Franc |
-1.88% |
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Israeli New Shekel |
-2.04% |
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Total Net Assets |
100.00% |
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Credit Rating |
Portfolio % |
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AAA |
7.06% |
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AA |
0.73% |
|
A |
1.54% |
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BBB |
18.08% |
|
BB |
31.17% |
|
B |
27.82% |
|
CCC |
6.40% |
|
CC |
0.43% |
|
C |
0.34% |
|
D |
0.27% |
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Not Rated |
6.49% |
|
Short Term Investments |
2.29% |
|
Reverse Repurchase Agreements |
-6.92% |
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N/A |
4.30% |
|
Total |
100.00% |
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Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
7.63% |
|
1 to 5 years |
38.76% |
|
5 to 10 years |
39.06% |
|
10 to 20 years |
8.12% |
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20 to 30 years |
3.77% |
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More Than 30 years |
0.93% |
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Other |
1.73% |
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Total Net Assets |
100.00% |
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Portfolio Statistics: |
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Average Coupon: |
7.59% |
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Average Bond Price: |
101.93 |
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Percentage of Leverage(based on gross assets): |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
42.05% |
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Preferred stock: |
0.00% |
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Tender Option Bonds: |
0.00% |
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VMTP Shares: |
0.00% |
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Total Fund Leverage: |
42.05% |
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Average Maturity: |
6.92 Years |
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Effective Duration: |
5.07 Years |
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Total Net Assets: |
$1,164.66 Million |
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Net Asset Value: |
$13.51 |
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Number of Holdings: |
1411 |
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Portfolio Turnover: |
48% |
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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. |
SOURCE AB Global High Income Fund, Inc.
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