AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 26, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31, 2018.
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 |
2.63% |
|
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 |
2.51% |
|
3) U.S. Treasury Notes 0.875%, 4/15/19 |
1.79% |
|
4) U.S. Treasury Notes 2.875%, 8/15/28 |
1.55% |
|
5) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.90% |
|
6) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.461%, 1/25/37 |
0.58% |
|
7) Dominican Republic International Bond 8.625%, 4/20/27 |
0.58% |
|
8) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.57% |
|
9) U.S. Treasury Bonds 8.125%, 5/15/21 |
0.53% |
|
10) Ukraine Government International Bond 7.75%, 9/01/22 - 9/01/24 |
0.48% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
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Energy |
7.27% |
|
Communications - Media |
4.37% |
|
Basic |
3.67% |
|
Consumer Non-Cyclical |
3.25% |
|
Communications - Telecommunications |
2.71% |
|
Consumer Cyclical - Other |
2.34% |
|
Capital Goods |
1.72% |
|
Services |
1.71% |
|
Consumer Cyclical - Automotive |
1.70% |
|
Technology |
1.51% |
|
Consumer Cyclical - Retailers |
0.87% |
|
Transportation - Services |
0.84% |
|
Other Industrial |
0.73% |
|
Consumer Cyclical - Entertainment |
0.36% |
|
Consumer Cyclical - Restaurants |
0.19% |
|
SUBTOTAL |
33.24% |
|
Credit Default Swaps |
13.28% |
|
SUBTOTAL |
13.28% |
|
Financial Institutions |
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Banking |
4.26% |
|
Finance |
1.37% |
|
Insurance |
0.83% |
|
Other Finance |
0.50% |
|
REITS |
0.22% |
|
Brokerage |
0.13% |
|
SUBTOTAL |
7.31% |
|
Utility |
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Electric |
1.14% |
|
Natural Gas |
0.17% |
|
SUBTOTAL |
1.31% |
|
SUBTOTAL |
55.14% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
9.62% |
|
Non-Agency Fixed Rate |
1.05% |
|
Non-Agency Floating Rate |
0.92% |
|
SUBTOTAL |
11.59% |
|
Global Governments |
10.63% |
|
Commercial Mortgage-Backed Securities |
||
Credit Default Swaps |
5.36% |
|
Non-Agency Fixed Rate CMBS |
1.84% |
|
Non-Agency Floating Rate CMBS |
0.15% |
|
SUBTOTAL |
7.35% |
|
Corporates - Investment Grade |
||
Financial Institutions |
||
Banking |
1.82% |
|
Insurance |
1.77% |
|
REITS |
0.30% |
|
SUBTOTAL |
3.89% |
|
Industrial |
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Basic |
0.67% |
|
Technology |
0.48% |
|
Energy |
0.38% |
|
Capital Goods |
0.25% |
|
Communications - Telecommunications |
0.24% |
|
Consumer Non-Cyclical |
0.18% |
|
Other Industrial |
0.14% |
|
Communications - Media |
0.14% |
|
Consumer Cyclical - Automotive |
0.11% |
|
Consumer Cyclical - Other |
0.08% |
|
Services |
0.06% |
|
Transportation - Airlines |
0.03% |
|
SUBTOTAL |
2.76% |
|
Utility |
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Electric |
0.02% |
|
SUBTOTAL |
0.02% |
|
SUBTOTAL |
0.00% |
|
SUBTOTAL |
6.67% |
|
Emerging Markets - Sovereigns |
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Credit Default Swaps |
0.98% |
|
Total Return Swaps |
4.78% |
|
Interest Rate Futures |
4.73% |
|
Emerging Markets - Treasuries |
4.63% |
|
Emerging Markets - Corporate Bonds |
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Industrial |
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Basic |
0.88% |
|
Consumer Non-Cyclical |
0.88% |
|
Energy |
0.61% |
|
Communications - Telecommunications |
0.43% |
|
Consumer Cyclical - Other |
0.19% |
|
Capital Goods |
0.17% |
|
Transportation - Services |
0.16% |
|
Consumer Cyclical - Retailers |
0.06% |
|
Technology |
0.05% |
|
Transportation - Airlines |
0.03% |
|
SUBTOTAL |
3.46% |
|
Financial Institutions |
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Banking |
0.37% |
|
Finance |
0.05% |
|
Insurance |
0.01% |
|
SUBTOTAL |
0.43% |
|
Utility |
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Electric |
0.25% |
|
SUBTOTAL |
0.25% |
|
SUBTOTAL |
4.14% |
|
Bank Loans |
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Industrial |
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Consumer Non-Cyclical |
1.14% |
|
Capital Goods |
0.49% |
|
Services |
0.46% |
|
Energy |
0.41% |
|
Technology |
0.33% |
|
Consumer Cyclical - Retailers |
0.28% |
|
Consumer Cyclical - Other |
0.23% |
|
Other Industrial |
0.14% |
|
Communications - Telecommunications |
0.12% |
|
Consumer Cyclical - Entertainment |
0.09% |
|
Basic |
0.09% |
|
Consumer Cyclical - Automotive |
0.03% |
|
Consumer Cyclical - Restaurants |
0.02% |
|
SUBTOTAL |
3.83% |
|
Financial Institutions |
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Insurance |
0.09% |
|
SUBTOTAL |
0.09% |
|
SUBTOTAL |
3.92% |
|
Investment Companies |
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Funds and Investment Trusts |
2.55% |
|
SUBTOTAL |
2.55% |
|
Common Stocks |
2.23% |
|
Asset-Backed Securities |
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Other ABS - Fixed Rate |
1.17% |
|
Home Equity Loans - Fixed Rate |
0.35% |
|
Autos - Fixed Rate |
0.09% |
|
Home Equity Loans - Floating Rate |
0.01% |
|
SUBTOTAL |
1.62% |
|
Local Governments - US Municipal Bonds |
0.47% |
|
Local Governments - Regional Bonds |
0.43% |
|
Preferred Stocks |
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Financial Institutions |
0.28% |
|
Utility |
0.02% |
|
SUBTOTAL |
0.30% |
|
Inflation-Linked Securities |
0.26% |
|
Interest Rate Swaps |
0.23% |
|
Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.19% |
|
SUBTOTAL |
0.19% |
|
Collateralized Loan Obligations |
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CLO - Floating Rate |
0.14% |
|
SUBTOTAL |
0.14% |
|
Options Purchased - Puts |
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Options on Forward Contracts |
0.12% |
|
SUBTOTAL |
0.12% |
|
Whole Loan Trusts |
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Performing Asset |
0.05% |
|
SUBTOTAL |
0.05% |
|
Warrants |
0.03% |
|
Options Purchased - Calls |
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Swaptions |
0.02% |
|
SUBTOTAL |
0.02% |
|
Call Options Written |
-0.01% |
|
Put Options Written |
-0.12% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
-0.29% |
|
SUBTOTAL |
-0.29% |
|
Reverse Repurchase Agreements |
-1.59% |
|
Equity Futures |
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Equity Index Futures |
-2.22% |
|
SUBTOTAL |
-2.22% |
|
Net Cash Equivalents |
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Cash |
2.39% |
|
Investment Companies |
0.57% |
|
Emerging Markets - Sovereigns |
0.23% |
|
Foreign Currency |
-0.01% |
|
SUBTOTAL |
3.18% |
|
Derivative Offsets |
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Futures Offsets |
-2.38% |
|
Swaps Offsets |
-25.45% |
|
SUBTOTAL |
-27.83% |
|
Total |
100.00% |
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Country Breakdown |
Portfolio % |
|
United States |
68.23% |
|
Brazil |
4.32% |
|
United Kingdom |
2.31% |
|
Canada |
1.94% |
|
France |
1.70% |
|
Argentina |
1.70% |
|
Luxembourg |
1.48% |
|
Netherlands |
1.48% |
|
Dominican Republic |
1.10% |
|
Italy |
1.03% |
|
Turkey |
0.92% |
|
Ireland |
0.88% |
|
Switzerland |
0.83% |
|
Spain |
0.80% |
|
Mexico |
0.71% |
|
Ukraine |
0.71% |
|
Colombia |
0.64% |
|
Sri Lanka |
0.56% |
|
Ivory Coast |
0.51% |
|
South Africa |
0.48% |
|
India |
0.46% |
|
Russia |
0.42% |
|
Cayman Islands |
0.38% |
|
Zambia |
0.38% |
|
Jamaica |
0.35% |
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Indonesia |
0.33% |
|
United Arab Emirates |
0.32% |
|
Egypt |
0.27% |
|
Gabon |
0.25% |
|
Denmark |
0.24% |
|
Nigeria |
0.23% |
|
Germany |
0.22% |
|
Mongolia |
0.22% |
|
Honduras |
0.22% |
|
Angola |
0.21% |
|
Malaysia |
0.20% |
|
Norway |
0.19% |
|
Israel |
0.19% |
|
Venezuela |
0.18% |
|
Sweden |
0.18% |
|
Guatemala |
0.17% |
|
Ghana |
0.16% |
|
Bahrain |
0.15% |
|
Ecuador |
0.15% |
|
Macau |
0.15% |
|
El Salvador |
0.12% |
|
Costa Rica |
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% |
|
China |
0.07% |
|
Lebanon |
0.07% |
|
Iraq |
0.06% |
|
Jordan |
0.05% |
|
Finland |
0.05% |
|
Jersey (Channel Islands) |
0.02% |
|
Belgium |
0.02% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
99.97% |
|
Japanese Yen |
1.51% |
|
Indian Rupee |
1.48% |
|
Malaysian Ringgit |
0.90% |
|
Norwegian Krone |
0.85% |
|
Euro |
0.77% |
|
Chilean Peso |
0.74% |
|
Sri Lankan Rupee |
0.46% |
|
South African Rand |
0.45% |
|
Swiss Franc |
0.44% |
|
Dominican Peso |
0.27% |
|
Argentine Peso |
0.03% |
|
Indonesian Rupiah |
-0.01% |
|
Canadian Dollar |
-0.03% |
|
Brazilian Real |
-0.08% |
|
Chinese Yuan Renminbi (Offshore) |
-0.15% |
|
Polish Zloty |
-0.25% |
|
Swedish Krona |
-0.26% |
|
New Turkish Lira |
-0.52% |
|
Australian Dollar |
-0.58% |
|
Colombian Peso |
-0.74% |
|
New Zealand Dollar |
-0.77% |
|
Mexican Peso |
-1.22% |
|
Taiwan New Dollar |
-1.27% |
|
Great British Pound |
-1.99% |
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Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
8.89% |
|
AA |
0.83% |
|
A |
3.05% |
|
BBB |
13.95% |
|
BB |
28.65% |
|
B |
26.68% |
|
CCC |
5.09% |
|
CC |
0.55% |
|
C |
0.26% |
|
D |
0.15% |
|
Not Rated |
6.58% |
|
Short Term Investments |
0.79% |
|
Reverse Repurchase Agreements |
-1.59% |
|
N/A |
6.12% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
9.30% |
|
1 to 5 years |
41.94% |
|
5 to 10 years |
36.48% |
|
10 to 20 years |
6.57% |
|
20 to 30 years |
2.78% |
|
More Than 30 years |
0.66% |
|
Other |
2.27% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
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Average Coupon: |
7.42% |
|
Average Bond Price: |
99.47 |
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Percentage of Leverage(based on gross assets): |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
29.33% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
29.33% |
|
Average Maturity: |
6.64 Years |
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Effective Duration: |
4.37 Years |
|
Total Net Assets: |
$1,116.42 Million |
|
Net Asset Value: |
$12.95 |
|
Number of Holdings: |
1341 |
|
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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