AB Global High Income Fund Releases Monthly Portfolio Update
NEW YORK, July 26, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2021.
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 |
1.80% |
|
2) U.S. Treasury Notes 2.875%, 8/15/28 |
1.26% |
|
3) Argentine Republic Government International Bond 0.125%, 7/09/30 - 7/09/41 |
0.71% |
|
4) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 - 6/01/33 |
0.70% |
|
5) Dominican Republic International Bond 8.625%, 4/20/27 |
0.62% |
|
6) Sirius XM Radio, Inc. 4.00%, 7/15/28 |
0.60% |
|
7) Altice France SA/France 5.125%, 7/15/29 |
0.56% |
|
8) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47 |
0.47% |
|
9) Vistra Operations Co. LLC 4.375%, 5/01/29 |
0.46% |
|
10) Ukraine Government International Bond 7.75%, 9/01/22 - 9/01/24 |
0.44% |
|
Investment Type |
Portfolio % |
|
Corporates - Non-Investment Grade |
||
Industrial |
||
Energy |
6.88% |
|
Communications - Media |
5.28% |
|
Consumer Non-Cyclical |
5.04% |
|
Communications - Telecommunications |
3.58% |
|
Basic |
3.40% |
|
Consumer Cyclical - Other |
2.69% |
|
Services |
2.64% |
|
Technology |
2.54% |
|
Capital Goods |
2.54% |
|
Consumer Cyclical - Automotive |
2.54% |
|
Consumer Cyclical - Entertainment |
2.44% |
|
Consumer Cyclical - Retailers |
2.15% |
|
Consumer Cyclical - Restaurants |
0.64% |
|
Transportation - Services |
0.51% |
|
Transportation - Airlines |
0.44% |
|
Other Industrial |
0.19% |
|
SUBTOTAL |
43.50% |
|
Credit Default Swaps |
22.10% |
|
SUBTOTAL |
22.10% |
|
Financial Institutions |
||
Banking |
2.48% |
|
Finance |
1.63% |
|
REITS |
1.13% |
|
Insurance |
0.83% |
|
Other Finance |
0.44% |
|
Brokerage |
0.30% |
|
SUBTOTAL |
6.81% |
|
Utility |
||
Electric |
1.17% |
|
Other Utility |
0.14% |
|
SUBTOTAL |
1.31% |
|
SUBTOTAL |
73.72% |
|
Corporates - Investment Grade |
||
Financial Institutions |
||
Banking |
4.20% |
|
Insurance |
1.45% |
|
Finance |
0.50% |
|
Brokerage |
0.12% |
|
REITS |
0.12% |
|
Other Finance |
0.02% |
|
SUBTOTAL |
6.41% |
|
Industrial |
||
Basic |
0.72% |
|
Consumer Cyclical - Other |
0.63% |
|
Transportation - Airlines |
0.50% |
|
Energy |
0.49% |
|
Consumer Non-Cyclical |
0.37% |
|
Technology |
0.31% |
|
Capital Goods |
0.21% |
|
Other Industrial |
0.19% |
|
Consumer Cyclical - Automotive |
0.11% |
|
Communications - Media |
0.05% |
|
Consumer Cyclical - Retailers |
0.04% |
|
Services |
0.02% |
|
SUBTOTAL |
3.64% |
|
SUBTOTAL |
10.05% |
|
Emerging Markets - Sovereigns |
||
Emerging Markets - Sovereigns |
7.67% |
|
Credit Default Swaps |
0.23% |
|
SUBTOTAL |
7.90% |
|
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
6.50% |
|
Non-Agency Fixed Rate |
0.52% |
|
Non-Agency Floating Rate |
0.43% |
|
Agency Fixed Rate |
0.39% |
|
SUBTOTAL |
7.84% |
|
Commercial Mortgage-Backed Securities |
||
Credit Default Swaps |
4.05% |
|
Non-Agency Fixed Rate CMBS |
0.97% |
|
Non-Agency Floating Rate CMBS |
0.02% |
|
SUBTOTAL |
5.04% |
|
Bank Loans |
||
Industrial |
||
Consumer Non-Cyclical |
0.95% |
|
Communications - Telecommunications |
0.66% |
|
Technology |
0.63% |
|
Capital Goods |
0.54% |
|
Other Industrial |
0.31% |
|
Energy |
0.27% |
|
Consumer Cyclical - Retailers |
0.24% |
|
Services |
0.23% |
|
Communications - Media |
0.22% |
|
Consumer Cyclical - Other |
0.21% |
|
Consumer Cyclical - Restaurants |
0.11% |
|
Consumer Cyclical - Entertainment |
0.08% |
|
Consumer Cyclical - Automotive |
0.07% |
|
SUBTOTAL |
4.52% |
|
Financial Institutions |
||
Insurance |
0.22% |
|
SUBTOTAL |
0.22% |
|
Utility |
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Electric |
0.17% |
|
SUBTOTAL |
0.17% |
|
SUBTOTAL |
4.91% |
|
Interest Rate Futures |
4.39% |
|
Emerging Markets - Corporate Bonds |
||
Industrial |
||
Basic |
1.42% |
|
Energy |
0.76% |
|
Consumer Cyclical - Other |
0.61% |
|
Communications - Telecommunications |
0.40% |
|
Capital Goods |
0.35% |
|
Consumer Non-Cyclical |
0.16% |
|
Communications - Media |
0.07% |
|
Services |
0.03% |
|
SUBTOTAL |
3.80% |
|
Utility |
||
Electric |
0.40% |
|
SUBTOTAL |
0.40% |
|
Financial Institutions |
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Banking |
0.06% |
|
Insurance |
0.04% |
|
Other Finance |
0.02% |
|
Finance |
0.02% |
|
SUBTOTAL |
0.14% |
|
SUBTOTAL |
4.34% |
|
Global Governments |
3.98% |
|
Common Stocks |
1.75% |
|
Collateralized Loan Obligations |
||
CLO - Floating Rate |
1.72% |
|
SUBTOTAL |
1.72% |
|
Quasi-Sovereigns |
||
Quasi-Sovereign Bonds |
1.35% |
|
SUBTOTAL |
1.35% |
|
Total Return Swaps |
0.94% |
|
Asset-Backed Securities |
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Other ABS - Fixed Rate |
0.29% |
|
Autos - Fixed Rate |
0.27% |
|
Home Equity Loans - Fixed Rate |
0.22% |
|
Home Equity Loans - Floating Rate |
0.01% |
|
SUBTOTAL |
0.79% |
|
Preferred Stocks |
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Industrial |
0.34% |
|
Financial Institutions |
0.10% |
|
SUBTOTAL |
0.44% |
|
Local Governments - US Municipal Bonds |
0.34% |
|
Inflation-Linked Securities |
0.23% |
|
Currency Instruments |
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Forward Currency Exchange Contracts |
0.14% |
|
SUBTOTAL |
0.14% |
|
Warrants |
0.07% |
|
Reverse Repurchase Agreements |
-0.06% |
|
Net Cash Equivalents |
||
Investment Companies |
2.59% |
|
Cash |
0.11% |
|
Foreign Currency |
-0.02% |
|
SUBTOTAL |
2.68% |
|
Derivative Offsets |
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Futures Offsets |
-4.29% |
|
Swaps Offsets |
-28.27% |
|
SUBTOTAL |
-32.56% |
|
Total |
100.00% |
|
Country Breakdown |
Portfolio % |
|
United States |
71.68% |
|
United Kingdom |
2.65% |
|
Canada |
2.27% |
|
Mexico |
1.57% |
|
France |
1.41% |
|
Luxembourg |
1.23% |
|
Brazil |
1.18% |
|
Cayman Islands |
0.98% |
|
Egypt |
0.96% |
|
Switzerland |
0.85% |
|
Spain |
0.85% |
|
Nigeria |
0.80% |
|
Argentina |
0.75% |
|
Ukraine |
0.74% |
|
Italy |
0.74% |
|
Bahrain |
0.67% |
|
Dominican Republic |
0.67% |
|
Oman |
0.57% |
|
Ivory Coast |
0.56% |
|
Zambia |
0.52% |
|
Colombia |
0.52% |
|
Finland |
0.46% |
|
Netherlands |
0.45% |
|
Sweden |
0.44% |
|
Ghana |
0.41% |
|
Angola |
0.39% |
|
Germany |
0.38% |
|
Peru |
0.37% |
|
Macau |
0.36% |
|
Senegal |
0.35% |
|
Gabon |
0.34% |
|
Jersey (Channel Islands) |
0.29% |
|
Australia |
0.29% |
|
El Salvador |
0.28% |
|
Denmark |
0.25% |
|
Indonesia |
0.25% |
|
Jamaica |
0.24% |
|
Hong Kong |
0.24% |
|
Israel |
0.22% |
|
Bermuda |
0.21% |
|
India |
0.20% |
|
Kenya |
0.19% |
|
China |
0.18% |
|
Turkey |
0.17% |
|
Ecuador |
0.17% |
|
South Africa |
0.15% |
|
Chile |
0.13% |
|
Japan |
0.11% |
|
Venezuela |
0.07% |
|
Ireland |
0.07% |
|
Panama |
0.06% |
|
Kuwait |
0.04% |
|
Morocco |
0.04% |
|
Belgium |
0.02% |
|
Norway |
0.01% |
|
Total Investments |
100.00% |
|
Net Currency Exposure Breakdown |
Portfolio % |
|
United States Dollar |
100.41% |
|
Canadian Dollar |
0.06% |
|
Great British Pound |
0.06% |
|
Norwegian Krone |
0.02% |
|
Argentine Peso |
0.01% |
|
Indian Rupee |
0.01% |
|
South Korean Won |
0.01% |
|
Malaysian Ringgit |
0.01% |
|
Russian Rubles |
0.01% |
|
Brazilian Real |
-0.01% |
|
Japanese Yen |
-0.01% |
|
Mexican Peso |
-0.01% |
|
Colombian Peso |
-0.09% |
|
Euro |
-0.48% |
|
Total Net Assets |
100.00% |
|
Credit Rating |
Portfolio % |
|
AAA |
3.33% |
|
AA |
0.64% |
|
A |
0.80% |
|
BBB |
14.62% |
|
BB |
33.26% |
|
B |
26.36% |
|
CCC |
9.55% |
|
CC |
0.21% |
|
C |
0.16% |
|
D |
0.20% |
|
Not Rated |
4.93% |
|
Short Term Investments |
2.59% |
|
Reverse Repurchase Agreements |
-0.06% |
|
N/A |
3.41% |
|
Total |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
9.31% |
|
1 to 5 years |
55.68% |
|
5 to 10 years |
23.31% |
|
10 to 20 years |
5.89% |
|
20 to 30 years |
3.57% |
|
More Than 30 years |
0.43% |
|
Other |
1.81% |
|
Total Net Assets |
100.00% |
|
Portfolio Statistics: |
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Average Coupon: |
7.03% |
|
Average Bond Price: |
104.28 |
|
Percentage of Leverage(based on gross assets): |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
28.15% |
|
Preferred stock: |
0.00% |
|
Tender Option Bonds: |
0.00% |
|
VMTP Shares: |
0.00% |
|
Total Fund Leverage: |
28.15% |
|
Average Maturity: |
5.56 Years |
|
Effective Duration: |
4.29 Years |
|
Total Net Assets: |
$1,128.26 Million |
|
Net Asset Value: |
$13.08 |
|
Number of Holdings: |
1723 |
|
Portfolio Turnover: |
51% |
|
* 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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