AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, April 26, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31,2021.
AB Global High Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 2.25%, 2/15/27 |
1.83% |
2) U.S. Treasury Notes 2.875%, 8/15/28 |
1.28% |
3) Argentine Republic Government International Bond 0.125%, 7/09/30 - 7/09/41 |
0.68% |
4) Dominican Republic International Bond 8.625%, 4/20/27 |
0.63% |
5) Colombian TES Series B 10.00%, 7/24/24 |
0.53% |
6) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47 |
0.48% |
7) Ukraine Government International Bond 7.75%, 9/01/22 - 9/01/24 |
0.45% |
8) Royal Caribbean Cruises Ltd. 5.50%, 4/01/28 |
0.40% |
9) Vine Oil & Gas LP/Vine Oil & Gas Finance Corp. 8.75%, 4/15/23 |
0.40% |
10) Oman Government International Bond 4.125%, 1/17/23 |
0.40% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Energy |
6.80% |
Consumer Non-Cyclical |
3.98% |
Communications - Media |
3.44% |
Basic |
3.05% |
Consumer Cyclical - Other |
2.65% |
Capital Goods |
2.54% |
Consumer Cyclical - Entertainment |
2.54% |
Technology |
2.52% |
Consumer Cyclical - Automotive |
2.48% |
Communications - Telecommunications |
2.21% |
Services |
2.18% |
Consumer Cyclical - Retailers |
1.92% |
Transportation - Services |
0.50% |
Transportation - Airlines |
0.35% |
Consumer Cyclical - Restaurants |
0.35% |
Other Industrial |
0.32% |
SUBTOTAL |
37.83% |
Credit Default Swaps |
25.14% |
SUBTOTAL |
25.14% |
Financial Institutions |
|
Banking |
2.22% |
Finance |
1.27% |
REITS |
0.97% |
Insurance |
0.83% |
Other Finance |
0.44% |
Brokerage |
0.33% |
SUBTOTAL |
6.06% |
Utility |
|
Electric |
0.49% |
Other Utility |
0.14% |
SUBTOTAL |
0.63% |
SUBTOTAL |
69.66% |
Corporates - Investment Grade |
|
Financial Institutions |
|
Banking |
4.33% |
Insurance |
1.44% |
Finance |
0.35% |
REITS |
0.24% |
Brokerage |
0.12% |
Other Finance |
0.02% |
SUBTOTAL |
6.50% |
Industrial |
|
Basic |
0.79% |
Consumer Cyclical - Other |
0.66% |
Transportation - Airlines |
0.59% |
Energy |
0.53% |
Technology |
0.25% |
Consumer Non-Cyclical |
0.24% |
Capital Goods |
0.20% |
Other Industrial |
0.20% |
Consumer Cyclical - Automotive |
0.11% |
Consumer Cyclical - Retailers |
0.06% |
Communications - Media |
0.05% |
Services |
0.02% |
Transportation - Services |
0.01% |
SUBTOTAL |
3.71% |
SUBTOTAL |
10.21% |
Collateralized Mortgage Obligations |
|
Risk Share Floating Rate |
7.54% |
Non-Agency Fixed Rate |
0.57% |
Non-Agency Floating Rate |
0.48% |
Agency Fixed Rate |
0.43% |
SUBTOTAL |
9.02% |
Emerging Markets - Sovereigns |
|
Emerging Markets - Sovereigns |
8.52% |
Credit Default Swaps |
0.23% |
SUBTOTAL |
8.75% |
Interest Rate Futures |
7.16% |
Global Governments |
5.41% |
Commercial Mortgage-Backed Securities |
|
Credit Default Swaps |
4.15% |
Non-Agency Fixed Rate CMBS |
1.12% |
Non-Agency Floating Rate CMBS |
0.09% |
SUBTOTAL |
5.36% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
1.09% |
Technology |
0.87% |
Services |
0.54% |
Capital Goods |
0.47% |
Other Industrial |
0.32% |
Consumer Cyclical - Retailers |
0.30% |
Communications - Telecommunications |
0.29% |
Energy |
0.28% |
Communications - Media |
0.25% |
Consumer Cyclical - Other |
0.21% |
Consumer Cyclical - Restaurants |
0.11% |
Consumer Cyclical - Entertainment |
0.08% |
Consumer Cyclical - Automotive |
0.08% |
SUBTOTAL |
4.89% |
Financial Institutions |
|
Insurance |
0.22% |
SUBTOTAL |
0.22% |
Utility |
|
Electric |
0.18% |
SUBTOTAL |
0.18% |
SUBTOTAL |
5.29% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Basic |
1.73% |
Energy |
0.91% |
Consumer Cyclical - Other |
0.62% |
Consumer Non-Cyclical |
0.38% |
Communications - Telecommunications |
0.34% |
Capital Goods |
0.26% |
Communications - Media |
0.08% |
SUBTOTAL |
4.32% |
Utility |
|
Electric |
0.39% |
SUBTOTAL |
0.39% |
Financial Institutions |
|
Banking |
0.06% |
Insurance |
0.04% |
Other Finance |
0.03% |
Finance |
0.02% |
SUBTOTAL |
0.15% |
SUBTOTAL |
4.86% |
Interest Rate Swaps |
2.73% |
Collateralized Loan Obligations |
|
CLO - Floating Rate |
1.63% |
SUBTOTAL |
1.63% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.54% |
SUBTOTAL |
1.54% |
Common Stocks |
1.32% |
Total Return Swaps |
0.97% |
Asset-Backed Securities |
|
Other ABS - Fixed Rate |
0.44% |
Autos - Fixed Rate |
0.27% |
Home Equity Loans - Fixed Rate |
0.24% |
Home Equity Loans - Floating Rate |
0.01% |
SUBTOTAL |
0.96% |
Preferred Stocks |
|
Industrial |
0.29% |
Financial Institutions |
0.24% |
SUBTOTAL |
0.53% |
Investment Companies |
|
Funds and Investment Trusts |
0.48% |
SUBTOTAL |
0.48% |
Local Governments - US Municipal Bonds |
0.33% |
Inflation-Linked Securities |
0.24% |
Emerging Markets - Treasuries |
0.13% |
Warrants |
0.07% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.03% |
SUBTOTAL |
0.03% |
Reverse Repurchase Agreements |
-0.06% |
Net Cash Equivalents |
|
Investment Companies |
4.33% |
Cash |
0.39% |
Foreign Currency |
-0.02% |
SUBTOTAL |
4.70% |
Derivative Offsets |
|
Futures Offsets |
-7.42% |
Swaps Offsets |
-33.90% |
SUBTOTAL |
-41.32% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
69.76% |
United Kingdom |
2.70% |
Mexico |
2.01% |
Brazil |
1.96% |
Canada |
1.89% |
Luxembourg |
1.10% |
Colombia |
1.06% |
Cayman Islands |
1.00% |
Egypt |
0.96% |
Switzerland |
0.85% |
Nigeria |
0.80% |
Italy |
0.75% |
Ukraine |
0.74% |
France |
0.74% |
Argentina |
0.72% |
Bahrain |
0.68% |
Dominican Republic |
0.68% |
Russia |
0.64% |
Oman |
0.60% |
Spain |
0.59% |
Ivory Coast |
0.55% |
Zambia |
0.53% |
Kenya |
0.49% |
Finland |
0.48% |
Sweden |
0.47% |
Netherlands |
0.46% |
Ghana |
0.41% |
Angola |
0.38% |
Macau |
0.37% |
Senegal |
0.37% |
Germany |
0.34% |
Gabon |
0.33% |
Turkey |
0.31% |
El Salvador |
0.31% |
Jersey (Channel Islands) |
0.29% |
Australia |
0.28% |
Peru |
0.27% |
Denmark |
0.26% |
Jamaica |
0.25% |
Indonesia |
0.25% |
Hong Kong |
0.25% |
Ecuador |
0.24% |
Israel |
0.22% |
India |
0.21% |
Chile |
0.17% |
Ireland |
0.15% |
South Africa |
0.15% |
Honduras |
0.15% |
Costa Rica |
0.13% |
Japan |
0.11% |
Bermuda |
0.10% |
Venezuela |
0.07% |
Kazakhstan |
0.07% |
Jordan |
0.06% |
United Arab Emirates |
0.06% |
Morocco |
0.05% |
Kuwait |
0.04% |
China |
0.03% |
Sri Lanka |
0.03% |
Lebanon |
0.03% |
Pakistan |
0.02% |
Belgium |
0.02% |
Norway |
0.01% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
101.76% |
Russian Rubles |
0.47% |
Egypt Pound |
0.43% |
Canadian Dollar |
0.14% |
Great British Pound |
0.05% |
Argentine Peso |
0.02% |
Nigerian Naira |
0.02% |
Malaysian Ringgit |
0.01% |
Norwegian Krone |
0.01% |
Mexican Peso |
-0.01% |
Polish Zloty |
-0.01% |
New Turkish Lira |
-0.05% |
Colombian Peso |
-0.12% |
Euro |
-0.52% |
Brazilian Real |
-2.20% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
4.32% |
AA |
0.78% |
A |
0.82% |
BBB |
16.46% |
BB |
29.27% |
B |
26.10% |
CCC |
9.34% |
CC |
0.31% |
C |
0.10% |
D |
0.75% |
Not Rated |
5.51% |
Short Term Investments |
4.33% |
Reverse Repurchase Agreements |
-0.06% |
N/A |
1.97% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
11.06% |
1 to 5 years |
54.15% |
5 to 10 years |
23.31% |
10 to 20 years |
6.17% |
20 to 30 years |
3.30% |
More Than 30 years |
0.62% |
Other |
1.39% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.19% |
Average Bond Price: |
103.02 |
Percentage of Leverage(based on gross assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred stock: |
0.00% |
Tender Option Bonds: |
38.65% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
38.65% |
Average Maturity: |
5.40 Years |
Effective Duration: |
4.32 Years |
Total Net Assets: |
$1,101.62 Million |
Net Asset Value: |
$12.78 |
Number of Holdings: |
1776 |
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 AB Global High Income Fund, Inc.
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