February 24, 2020 - 4:06 PM EST
AB Global High Income Fund Releases Monthly Portfolio Update
AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Feb. 24, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31, 2020.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

1) U.S. Treasury Notes  2.25%, 2/15/27 


2.41%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 

2.14%

3) U.S. Treasury Notes  2.875%, 8/15/28 


1.70%

4) Indonesia Treasury Bond Series FR77 8.125%, 5/15/24 

1.02%

5) U.S. Treasury Bonds  6.25%, 5/15/30 


0.73%

6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 

0.70%

7) Argentine Republic Government International Bond  6.875%, 1/26/27 - 1/11/48 

0.68%

8) U.S. Treasury Bonds  5.25%, 2/15/29 


0.61%

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 

0.59%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Communications - Media


3.59%

Energy


2.77%

Consumer Non-Cyclical


2.72%

Basic


2.48%

Communications - Telecommunications


2.29%

Consumer Cyclical - Other


2.17%

Capital Goods


1.80%

Services


1.71%

Consumer Cyclical - Automotive


1.56%

Technology


0.99%

Consumer Cyclical - Retailers


0.90%

Transportation - Services


0.55%

Consumer Cyclical - Entertainment


0.31%

Other Industrial


0.31%

Consumer Cyclical - Restaurants


0.23%

SUBTOTAL


24.38%

Credit Default Swaps


23.96%

SUBTOTAL


23.96%

Financial Institutions



Banking


3.18%

Finance


0.92%

Insurance


0.72%

REITS


0.52%

Other Finance


0.42%

Brokerage


0.23%

SUBTOTAL


5.99%

Utility



Electric


0.71%

SUBTOTAL


0.71%

SUBTOTAL


55.04%

Global Governments


11.05%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


9.51%

Credit Default Swaps


0.77%

SUBTOTAL


10.28%

Corporates - Investment Grade



Financial Institutions



Banking


3.17%

Insurance


1.96%

REITS


0.58%

SUBTOTAL


5.71%

Industrial



Consumer Cyclical - Other


0.65%

Basic


0.64%

Energy


0.56%

Technology


0.54%

Consumer Non-Cyclical


0.27%

Communications - Telecommunications


0.25%

Capital Goods


0.20%

Consumer Cyclical - Automotive


0.19%

Other Industrial


0.15%

Consumer Cyclical - Entertainment


0.13%

Communications - Media


0.12%

Services


0.07%

SUBTOTAL


3.77%

Utility



Electric


0.07%

SUBTOTAL


0.07%

SUBTOTAL


9.55%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.02%

Non-Agency Fixed Rate


0.71%

Non-Agency Floating Rate


0.62%

Agency Fixed Rate


0.59%

SUBTOTAL


8.94%

Commercial Mortgage-Backed Securities



Credit Default Swaps


6.32%

Non-Agency Fixed Rate CMBS


1.72%

Non-Agency Floating Rate CMBS


0.10%

SUBTOTAL


8.14%

Interest Rate Futures


7.11%

Bank Loans



Industrial



Consumer Non-Cyclical


1.28%

Capital Goods


0.64%

Technology


0.61%

Energy


0.53%

Services


0.50%

Consumer Cyclical - Other


0.49%

Consumer Cyclical - Retailers


0.26%

Communications - Media


0.17%

Consumer Cyclical - Entertainment


0.15%

Other Industrial


0.12%

Consumer Cyclical - Restaurants


0.11%

Communications - Telecommunications


0.10%

Consumer Cyclical - Automotive


0.03%

SUBTOTAL


4.99%

Financial Institutions



Insurance


0.13%

Finance


0.11%

SUBTOTAL


0.24%

Utility



Electric


0.18%

SUBTOTAL


0.18%

SUBTOTAL


5.41%

Emerging Markets - Corporate Bonds



Industrial



Consumer Non-Cyclical


0.63%

Basic


0.57%

Communications - Telecommunications


0.39%

Energy


0.26%

Consumer Cyclical - Other


0.16%

Other Industrial


0.10%

Transportation - Services


0.04%

Communications - Media


0.04%

Capital Goods


0.02%

Transportation - Airlines


0.01%

SUBTOTAL


2.22%

Utility



Electric


0.34%

SUBTOTAL


0.34%

Financial Institutions



Banking


0.05%

Insurance


0.01%

SUBTOTAL


0.06%

SUBTOTAL


2.62%

Emerging Markets - Treasuries


2.15%

Common Stocks


1.53%

Asset-Backed Securities



Other ABS - Fixed Rate


0.75%

Home Equity Loans - Fixed Rate


0.31%

Autos - Fixed Rate


0.26%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.33%

Total Return Swaps


0.86%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.86%

SUBTOTAL


0.86%

Local Governments - US Municipal Bonds


0.53%

Investment Companies



Funds and Investment Trusts


0.49%

SUBTOTAL


0.49%

Preferred Stocks



Financial Institutions


0.28%

Utility


0.02%

SUBTOTAL


0.30%

Inflation-Linked Securities


0.26%

Collateralized Loan Obligations



CLO - Floating Rate


0.09%

SUBTOTAL


0.09%

Currency Instruments



Forward Currency Exchange Contracts


0.09%

SUBTOTAL


0.09%

Local Governments - Regional Bonds


0.02%

Warrants


0.02%

Whole Loan Trusts



Performing Asset


0.01%

SUBTOTAL


0.01%

Reverse Repurchase Agreements


-0.54%

Net Cash Equivalents



Investment Companies


11.75%

Governments - Treasuries


0.75%

Foreign Currency


-0.01%

Cash


-0.36%

SUBTOTAL


12.13%

Derivative Offsets



Futures Offsets


-6.95%

Swaps Offsets


-31.32%

SUBTOTAL


-38.27%

Total


100.00%




Country Breakdown


Portfolio %

United States


67.48%

Brazil


3.91%

United Kingdom


2.15%

Indonesia


2.08%

Canada


1.73%

Luxembourg


1.27%

Netherlands


1.26%

France


1.19%

Egypt


1.08%

Argentina


1.07%

Colombia


0.91%

Dominican Republic


0.90%

Italy


0.89%

Spain


0.83%

Nigeria


0.81%

Switzerland


0.76%

Russia


0.75%

Mexico


0.70%

Turkey


0.68%

Ukraine


0.59%

Ireland


0.50%

Ivory Coast


0.49%

Bahrain


0.48%

Kenya


0.47%

Gabon


0.45%

Oman


0.44%

Sri Lanka


0.41%

Angola


0.39%

Finland


0.36%

Zambia


0.33%

Ecuador


0.31%

Costa Rica


0.30%

United Arab Emirates


0.30%

Mongolia


0.28%

Honduras


0.27%

Senegal


0.25%

Bermuda


0.25%

Sweden


0.23%

Norway


0.17%

Jamaica


0.17%

Denmark


0.17%

Germany


0.16%

Hong Kong


0.16%

El Salvador


0.15%

Cayman Islands


0.14%

Cameroon


0.12%

South Africa


0.12%

Chile


0.11%

Australia


0.10%

Israel


0.09%

Macau


0.09%

Venezuela


0.09%

Ghana


0.09%

Peru


0.08%

Trinidad & Tobago


0.08%

Lebanon


0.08%

India


0.07%

Kazakhstan


0.07%

Jordan


0.06%

Iraq


0.06%

Pakistan


0.02%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


97.99%

Japanese Yen


0.81%

Egypt Pound


0.50%

Brazilian Real


0.39%

Indian Rupee


0.29%

Nigerian Naira


0.25%

Russian Rubles


0.15%

Argentine Peso


0.05%

Canadian Dollar


0.04%

Colombian Peso


0.04%

Great British Pound


0.04%

Mexican Peso


0.04%

Swiss Franc


0.01%

Swedish Krona


0.01%

South African Rand


0.01%

Indonesian Rupiah


-0.01%

Norwegian Krone


-0.03%

Euro


-0.58%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


6.45%

AA


1.63%

A


1.37%

BBB


16.55%

BB


23.80%

B


21.09%

CCC


6.56%

CC


0.28%

C


0.11%

D


0.06%

Not Rated


6.27%

Short Term Investments


12.50%

Reverse Repurchase Agreements


-0.54%

N/A


3.87%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


21.13%

1 to 5 years


42.84%

5 to 10 years


25.87%

10 to 20 years


6.10%

20 to 30 years


2.09%

More Than 30 years


0.42%

Other


1.55%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.23%

Average Bond Price:


104.78

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


38.71%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


38.71%

Average Maturity:


4.86  Years

Effective Duration:


3.69  Years

Total Net Assets:


$1,154.12 Million

Net Asset Value:


$13.38

Number of Holdings:


1413

Portfolio Turnover:


40%




* 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.

 

Cision View original content:https://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301010091.html

SOURCE AB Global High Income Fund, Inc.


Source: PR Newswire (February 24, 2020 - 4:06 PM EST)