AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, July 22, 2019 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30,2019.
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 |
2.44% |
|
2) U.S. Treasury Notes 2.25%, 2/15/27 |
2.38% |
|
3) Indonesia Treasury Bond Series FR77 8.125%, 5/15/24 |
1.90% |
|
4) U.S. Treasury Notes 2.875%, 8/15/28 |
1.67% |
|
5) U.S. Treasury Bonds 6.25%, 5/15/30 |
0.72% |
|
6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 |
0.66% |
|
7) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.60% |
|
8) Colombian TES Series B 10.00%, 7/24/24 |
0.60% |
|
9) Dominican Republic International Bond 8.625%, 4/20/27 |
0.60% |
|
10) Ukraine Government International Bond 7.75%, 9/01/21 - 9/01/24 |
0.57% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
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Energy |
4.34% |
|
Communications - Media |
3.25% |
|
Communications - Telecommunications |
3.08% |
|
Consumer Non-Cyclical |
2.91% |
|
Basic |
2.50% |
|
Consumer Cyclical - Other |
1.89% |
|
Consumer Cyclical - Automotive |
1.78% |
|
Capital Goods |
1.52% |
|
Services |
1.46% |
|
Technology |
1.11% |
|
Consumer Cyclical - Retailers |
0.86% |
|
Transportation - Services |
0.76% |
|
Other Industrial |
0.41% |
|
Consumer Cyclical - Entertainment |
0.23% |
|
Consumer Cyclical - Restaurants |
0.18% |
|
SUBTOTAL |
26.28% |
|
Credit Default Swaps |
17.49% |
|
SUBTOTAL |
17.49% |
|
Financial Institutions |
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Banking |
3.27% |
|
Finance |
1.29% |
|
REITS |
0.65% |
|
Insurance |
0.58% |
|
Other Finance |
0.49% |
|
Brokerage |
0.14% |
|
SUBTOTAL |
6.42% |
|
Utility |
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Electric |
0.86% |
|
SUBTOTAL |
0.86% |
|
SUBTOTAL |
51.05% |
|
Global Governments |
11.62% |
|
Collateralized Mortgage Obligations |
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Risk Share Floating Rate |
7.53% |
|
Non-Agency Fixed Rate |
0.79% |
|
Non-Agency Floating Rate |
0.72% |
|
Agency Fixed Rate |
0.62% |
|
SUBTOTAL |
9.66% |
|
Emerging Markets - Sovereigns |
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Credit Default Swaps |
1.29% |
|
Corporates - Investment Grade |
||
Financial Institutions |
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Banking |
2.72% |
|
Insurance |
1.91% |
|
REITS |
0.43% |
|
SUBTOTAL |
5.06% |
|
Industrial |
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Consumer Cyclical - Other |
0.70% |
|
Technology |
0.66% |
|
Energy |
0.47% |
|
Basic |
0.47% |
|
Consumer Non-Cyclical |
0.42% |
|
Communications - Telecommunications |
0.36% |
|
Capital Goods |
0.19% |
|
Consumer Cyclical - Automotive |
0.18% |
|
Other Industrial |
0.15% |
|
Consumer Cyclical - Entertainment |
0.13% |
|
Communications - Media |
0.11% |
|
Services |
0.07% |
|
Transportation - Airlines |
0.01% |
|
SUBTOTAL |
3.92% |
|
SUBTOTAL |
8.98% |
|
Commercial Mortgage-Backed Securities |
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Credit Default Swaps |
6.02% |
|
Non-Agency Fixed Rate CMBS |
1.86% |
|
Non-Agency Floating Rate CMBS |
0.19% |
|
SUBTOTAL |
8.07% |
|
Total Return Swaps |
4.78% |
|
Interest Rate Futures |
4.21% |
|
Bank Loans |
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Industrial |
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Consumer Non-Cyclical |
1.30% |
|
Capital Goods |
0.53% |
|
Technology |
0.49% |
|
Services |
0.45% |
|
Energy |
0.38% |
|
Consumer Cyclical - Other |
0.22% |
|
Consumer Cyclical - Retailers |
0.19% |
|
Communications - Telecommunications |
0.11% |
|
Other Industrial |
0.10% |
|
Consumer Cyclical - Entertainment |
0.08% |
|
Consumer Cyclical - Restaurants |
0.07% |
|
Communications - Media |
0.05% |
|
Basic |
0.03% |
|
Consumer Cyclical - Automotive |
0.03% |
|
SUBTOTAL |
4.03% |
|
Financial Institutions |
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Finance |
0.10% |
|
SUBTOTAL |
0.10% |
|
SUBTOTAL |
4.13% |
|
Emerging Markets - Corporate Bonds |
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Industrial |
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Consumer Non-Cyclical |
0.86% |
|
Basic |
0.80% |
|
Energy |
0.51% |
|
Communications - Telecommunications |
0.30% |
|
Consumer Cyclical - Other |
0.27% |
|
Other Industrial |
0.09% |
|
Capital Goods |
0.09% |
|
Consumer Cyclical - Retailers |
0.05% |
|
Transportation - Services |
0.04% |
|
Transportation - Airlines |
0.02% |
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SUBTOTAL |
3.03% |
|
Financial Institutions |
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Banking |
0.46% |
|
REITS |
0.23% |
|
Finance |
0.05% |
|
Insurance |
0.01% |
|
SUBTOTAL |
0.75% |
|
Utility |
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Electric |
0.29% |
|
SUBTOTAL |
0.29% |
|
SUBTOTAL |
4.07% |
|
Emerging Markets - Treasuries |
2.50% |
|
Common Stocks |
1.75% |
|
Asset-Backed Securities |
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Other ABS - Fixed Rate |
0.75% |
|
Home Equity Loans - Fixed Rate |
0.33% |
|
Autos - Fixed Rate |
0.19% |
|
Home Equity Loans - Floating Rate |
0.01% |
|
SUBTOTAL |
1.28% |
|
Investment Companies |
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Funds and Investment Trusts |
0.49% |
|
SUBTOTAL |
0.49% |
|
Local Governments - US Municipal Bonds |
0.48% |
|
Quasi-Sovereigns |
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Quasi-Sovereign Bonds |
0.32% |
|
SUBTOTAL |
0.32% |
|
Preferred Stocks |
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Financial Institutions |
0.29% |
|
Utility |
0.02% |
|
SUBTOTAL |
0.31% |
|
Inflation-Linked Securities |
0.27% |
|
Local Governments - Regional Bonds |
0.12% |
|
Collateralized Loan Obligations |
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CLO - Floating Rate |
0.09% |
|
SUBTOTAL |
0.09% |
|
Warrants |
0.02% |
|
Whole Loan Trusts |
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Performing Asset |
0.02% |
|
SUBTOTAL |
0.02% |
|
Put Options Written |
-0.02% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
-0.38% |
|
SUBTOTAL |
-0.38% |
|
Reverse Repurchase Agreements |
-0.52% |
|
Net Cash Equivalents |
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Investment Companies |
7.19% |
|
U.S. Treasury Bills |
2.62% |
|
Governments - Treasuries |
0.58% |
|
Cash |
0.35% |
|
SUBTOTAL |
10.74% |
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Derivative Offsets |
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Futures Offsets |
-4.07% |
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Swaps Offsets |
-29.62% |
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SUBTOTAL |
-33.69% |
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Total |
100.00% |
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Country Breakdown |
Portfolio % |
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United States |
66.00% |
|
Brazil |
4.03% |
|
Indonesia |
3.00% |
|
United Kingdom |
1.90% |
|
Luxembourg |
1.52% |
|
France |
1.43% |
|
Canada |
1.35% |
|
Netherlands |
1.23% |
|
Egypt |
1.06% |
|
Turkey |
0.99% |
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Colombia |
0.97% |
|
Spain |
0.94% |
|
Italy |
0.94% |
|
Dominican Republic |
0.87% |
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Argentina |
0.87% |
|
Switzerland |
0.86% |
|
Russia |
0.74% |
|
Ireland |
0.73% |
|
Ukraine |
0.57% |
|
Nigeria |
0.53% |
|
Mexico |
0.51% |
|
Kenya |
0.47% |
|
Ivory Coast |
0.43% |
|
India |
0.42% |
|
Sri Lanka |
0.41% |
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Oman |
0.41% |
|
Zambia |
0.37% |
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Bahrain |
0.34% |
|
Finland |
0.33% |
|
Angola |
0.32% |
|
United Arab Emirates |
0.31% |
|
Germany |
0.31% |
|
Mongolia |
0.29% |
|
China |
0.28% |
|
Sweden |
0.27% |
|
Gabon |
0.27% |
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Honduras |
0.27% |
|
Lebanon |
0.26% |
|
Bermuda |
0.25% |
|
Jamaica |
0.25% |
|
Denmark |
0.25% |
|
Senegal |
0.24% |
|
Ecuador |
0.21% |
|
Norway |
0.20% |
|
Malaysia |
0.20% |
|
Macau |
0.15% |
|
Togo |
0.15% |
|
Venezuela |
0.15% |
|
Cayman Islands |
0.14% |
|
El Salvador |
0.13% |
|
Cameroon |
0.12% |
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South Africa |
0.11% |
|
Ghana |
0.09% |
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Peru |
0.09% |
|
Trinidad & Tobago |
0.09% |
|
Virgin Islands (BVI) |
0.08% |
|
Hong Kong |
0.07% |
|
Kazakhstan |
0.06% |
|
Iraq |
0.06% |
|
Jordan |
0.06% |
|
Jersey (Channel Islands) |
0.02% |
|
Chile |
0.02% |
|
Australia |
0.01% |
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Total Investments |
100.00% |
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Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
98.10% |
|
South Korean Won |
1.54% |
|
Polish Zloty |
1.51% |
|
Russian Rubles |
1.49% |
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Indonesian Rupiah |
0.55% |
|
Australian Dollar |
0.51% |
|
Egypt Pound |
0.49% |
|
Brazilian Real |
0.41% |
|
Malaysian Ringgit |
0.20% |
|
Argentine Peso |
0.13% |
|
Nigerian Naira |
0.08% |
|
Canadian Dollar |
0.03% |
|
Mexican Peso |
0.02% |
|
Great British Pound |
0.01% |
|
Indian Rupee |
0.01% |
|
Taiwan New Dollar |
0.01% |
|
South African Rand |
0.01% |
|
Swiss Franc |
-0.01% |
|
Colombian Peso |
-0.01% |
|
Israeli New Shekel |
-0.99% |
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Singapore Dollar |
-1.50% |
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Euro |
-2.59% |
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Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
6.46% |
|
AA |
0.88% |
|
A |
2.26% |
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BBB |
16.04% |
|
BB |
26.20% |
|
B |
23.64% |
|
CCC |
4.99% |
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CC |
0.35% |
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C |
0.18% |
|
D |
0.02% |
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Not Rated |
5.46% |
|
Short Term Investments |
10.39% |
|
Reverse Repurchase Agreements |
-0.52% |
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N/A |
3.65% |
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Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
16.52% |
|
1 to 5 years |
43.46% |
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5 to 10 years |
30.03% |
|
10 to 20 years |
5.42% |
|
20 to 30 years |
2.40% |
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More Than 30 years |
0.40% |
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Other |
1.77% |
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Total Net Assets |
100.00% |
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Portfolio Statistics: |
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Average Coupon: |
7.21% |
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Average Bond Price: |
102.22 |
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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: |
42.23% |
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Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
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VMTP Shares: |
0.00% |
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Total Fund Leverage: |
42.23% |
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Average Maturity: |
5.32 Years |
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Effective Duration: |
3.81 Years |
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Total Net Assets: |
$1,135.78 Million |
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Net Asset Value: |
$13.17 |
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Number of Holdings: |
1215 |
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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. |
SOURCE AB Global High Income Fund, Inc.
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