AB Global High Income Fund Releases Monthly Portfolio Update
New York, Oct. 25, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of September 30, 2021.
AB Global High Income Fund, Inc. |
|
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) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 - 6/01/33 |
0.70% |
4) Dominican Republic International Bond 8.625%, 4/20/27 |
0.62% |
5) Sirius XM Radio, Inc. 4.00%, 7/15/28 |
0.59% |
6) Altice France SA/France 5.125%, 7/15/29 |
0.55% |
7) Altice Financing SA 5.75%, 8/15/29 |
0.50% |
8) Royal Caribbean Cruises Ltd. 5.50%, 8/31/26 - 4/01/28 |
0.49% |
9) Argentine Republic Government International Bond 1.125%, 7/09/35 |
0.47% |
10) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47 |
0.46% |
Investment Type |
Portfolio % |
Corporates - Non-Investment Grade |
|
Industrial |
|
Energy |
6.85% |
Communications - Media |
5.78% |
Consumer Non-Cyclical |
5.53% |
Services |
3.53% |
Basic |
3.23% |
Communications - Telecommunications |
3.00% |
Consumer Cyclical - Other |
2.99% |
Consumer Cyclical - Automotive |
2.85% |
Capital Goods |
2.73% |
Technology |
2.61% |
Consumer Cyclical - Entertainment |
2.50% |
Consumer Cyclical - Retailers |
2.21% |
Consumer Cyclical - Restaurants |
0.65% |
Transportation - Services |
0.57% |
Transportation - Airlines |
0.47% |
Other Industrial |
0.17% |
SUBTOTAL |
45.67% |
Credit Default Swaps |
20.04% |
SUBTOTAL |
20.04% |
Financial Institutions |
|
Banking |
2.24% |
Finance |
1.74% |
REITs |
1.42% |
Insurance |
0.90% |
Brokerage |
0.38% |
Other Finance |
0.24% |
SUBTOTAL |
6.92% |
Utility |
|
Electric |
1.08% |
SUBTOTAL |
1.08% |
SUBTOTAL |
73.71% |
Corporates - Investment Grade |
|
Financial Institutions |
|
Banking |
3.61% |
Insurance |
1.69% |
Finance |
0.55% |
REITs |
0.26% |
Brokerage |
0.12% |
Other Finance |
0.02% |
SUBTOTAL |
6.25% |
Industrial |
|
Basic |
1.01% |
Communications - Telecommunications |
0.71% |
Consumer Cyclical - Other |
0.54% |
Energy |
0.53% |
Consumer Non-Cyclical |
0.49% |
Transportation - Airlines |
0.44% |
Technology |
0.24% |
Capital Goods |
0.21% |
Other Industrial |
0.15% |
Consumer Cyclical - Automotive |
0.11% |
Communications - Media |
0.07% |
Services |
0.06% |
Consumer Cyclical - Retailers |
0.05% |
SUBTOTAL |
4.61% |
Utility |
|
Electric |
0.01% |
SUBTOTAL |
0.01% |
SUBTOTAL |
10.87% |
Collateralized Mortgage Obligations |
|
Risk Share Floating Rate |
6.10% |
Non-Agency Fixed Rate |
0.49% |
Non-Agency Floating Rate |
0.42% |
Agency Fixed Rate |
0.36% |
SUBTOTAL |
7.37% |
Emerging Markets - Sovereigns |
|
Emerging Markets - Sovereigns |
6.90% |
Credit Default Swaps |
0.23% |
SUBTOTAL |
7.13% |
Commercial Mortgage-Backed Securities |
|
Credit Default Swaps |
4.00% |
Non-Agency Fixed Rate CMBS |
1.03% |
Non-Agency Floating Rate CMBS |
0.02% |
SUBTOTAL |
5.05% |
Interest Rate Futures |
4.64% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Basic |
1.43% |
Energy |
0.76% |
Consumer Cyclical - Other |
0.60% |
Communications - Telecommunications |
0.39% |
Capital Goods |
0.35% |
Consumer Non-Cyclical |
0.16% |
Services |
0.07% |
Communications - Media |
0.04% |
SUBTOTAL |
3.80% |
Financial Institutions |
|
REITs |
0.28% |
Banking |
0.05% |
Insurance |
0.04% |
Other Finance |
0.02% |
Finance |
0.02% |
SUBTOTAL |
0.41% |
Utility |
|
Electric |
0.36% |
SUBTOTAL |
0.36% |
SUBTOTAL |
4.57% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.75% |
Communications - Telecommunications |
0.70% |
Technology |
0.70% |
Capital Goods |
0.55% |
Energy |
0.27% |
Consumer Cyclical - Retailers |
0.24% |
Communications - Media |
0.22% |
Consumer Cyclical - Other |
0.20% |
Services |
0.18% |
Other Industrial |
0.17% |
Consumer Cyclical - Restaurants |
0.07% |
Consumer Cyclical - Automotive |
0.04% |
SUBTOTAL |
4.09% |
Utility |
|
Electric |
0.23% |
SUBTOTAL |
0.23% |
Financial Institutions |
|
Insurance |
0.22% |
SUBTOTAL |
0.22% |
SUBTOTAL |
4.54% |
Global Governments |
3.87% |
Collateralized Loan Obligations |
|
CLO - Floating Rate |
2.00% |
SUBTOTAL |
2.00% |
Common Stocks |
1.79% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.19% |
SUBTOTAL |
1.19% |
Total Return Swaps |
0.91% |
Asset-Backed Securities |
|
Other ABS - Fixed Rate |
0.24% |
Home Equity Loans - Fixed Rate |
0.21% |
Autos - Fixed Rate |
0.17% |
Home Equity Loans - Floating Rate |
0.01% |
SUBTOTAL |
0.63% |
Local Governments - US Municipal Bonds |
0.47% |
Preferred Stocks |
|
Industrial |
0.36% |
Financial Institutions |
0.10% |
SUBTOTAL |
0.46% |
Inflation-Linked Securities |
0.22% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.11% |
SUBTOTAL |
0.11% |
Warrants |
0.05% |
Reverse Repurchase Agreements |
-0.06% |
Net Cash Equivalents |
|
Cash |
1.04% |
Investment Companies |
0.86% |
Foreign Currency |
-0.02% |
SUBTOTAL |
1.88% |
Derivative Offsets |
|
Futures Offsets |
-4.73% |
Swaps Offsets |
-26.67% |
SUBTOTAL |
-31.40% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
72.37% |
United Kingdom |
3.02% |
Canada |
2.24% |
France |
1.55% |
Luxembourg |
1.47% |
Brazil |
1.39% |
Mexico |
1.18% |
Spain |
1.04% |
Switzerland |
0.85% |
Nigeria |
0.79% |
Argentina |
0.78% |
Germany |
0.74% |
Ukraine |
0.71% |
Egypt |
0.71% |
Bahrain |
0.67% |
Dominican Republic |
0.63% |
Italy |
0.56% |
Ivory Coast |
0.54% |
Zambia |
0.52% |
China |
0.50% |
Oman |
0.50% |
Colombia |
0.50% |
Finland |
0.48% |
Netherlands |
0.43% |
Sweden |
0.43% |
Angola |
0.40% |
Ghana |
0.39% |
Senegal |
0.35% |
Macau |
0.34% |
Gabon |
0.34% |
Jersey (Channel Islands) |
0.30% |
Australia |
0.29% |
Hong Kong |
0.24% |
Israel |
0.24% |
El Salvador |
0.23% |
Peru |
0.23% |
Jamaica |
0.23% |
Indonesia |
0.22% |
India |
0.20% |
South Africa |
0.19% |
Ecuador |
0.17% |
Denmark |
0.13% |
Turkey |
0.12% |
Japan |
0.11% |
Chile |
0.10% |
Panama |
0.10% |
Ireland |
0.09% |
Trinidad & Tobago |
0.09% |
Venezuela |
0.07% |
Guatemala |
0.04% |
Bermuda |
0.04% |
Kuwait |
0.04% |
Morocco |
0.04% |
Cayman Islands |
0.02% |
Belgium |
0.02% |
Czech Republic |
0.02% |
Norway |
0.01% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
100.35% |
Canadian Dollar |
0.11% |
Great British Pound |
0.02% |
Argentine Peso |
0.01% |
Indian Rupee |
0.01% |
Malaysian Ringgit |
0.01% |
Norwegian Krone |
0.01% |
Russian Rubles |
0.01% |
South African Rand |
0.01% |
Swiss Franc |
-0.01% |
Chinese Yuan Renminbi |
-0.01% |
Mexican Peso |
-0.01% |
Colombian Peso |
-0.10% |
Euro |
-0.41% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
4.02% |
AA |
0.40% |
A |
0.72% |
BBB |
14.80% |
BB |
34.48% |
B |
27.19% |
CCC |
8.57% |
CC |
0.20% |
C |
0.17% |
D |
0.20% |
Not Rated |
4.81% |
Short Term Investments |
0.86% |
Reverse Repurchase Agreements |
-0.06% |
N/A |
3.64% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
9.64% |
1 to 5 years |
52.01% |
5 to 10 years |
27.46% |
10 to 20 years |
5.56% |
20 to 30 years |
3.25% |
More Than 30 years |
0.24% |
Other |
1.84% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
6.95% |
Average Bond Price: |
103.24 |
Percentage of Leverage(based on gross assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
24.15% |
Preferred stock: |
0.00% |
Tender Option Bonds: |
0.00% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
24.15% |
Average Maturity: |
5.41 Years |
Effective Duration: |
4.40 Years |
Total Net Assets: |
$1,119.57 Million |
Net Asset Value: |
$12.98 |
Number of Holdings: |
1611 |
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. |
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.
Related Links
http://www.alliancebernstein.com
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