26.04.2021 22:06:00
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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. |
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SOURCE AB Global High Income Fund, Inc.
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