AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, April 23, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. AWF (the "Fund") today released its monthly portfolio update as of March 31,2018.

AB Global High Income Fund, Inc.

















Top 10 Fixed-Income Holdings



Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 

4.67%

2) U.S. Treasury Notes  0.875%, 4/15/19 



3.55%

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



0.91%

4) Turkey Government Bond  11.00%, 2/24/27 

0.90%

5) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27 

0.76%

6) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 2.051%, 1/25/37 

0.66%

7) Turkey Government Bond  11.10%, 5/15/19 

0.65%

8) Dominican Republic International Bond  8.625%, 4/20/27 

0.58%

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



0.56%

10) Russian Federal Bond - OFZ Series 6217 7.50%, 8/18/21 

0.56%







Investment Type



Portfolio %

Corporates - Non-Investment Grade





Industrial





Energy



7.31%

Communications - Media



4.93%

Consumer Non-Cyclical



3.91%

Basic



3.87%

Communications - Telecommunications



2.58%

Consumer Cyclical - Other



2.23%

Capital Goods



1.73%

Technology



1.60%

Services



1.54%

Consumer Cyclical - Automotive



1.38%

Transportation - Services



1.21%

Consumer Cyclical - Retailers



1.01%

Other Industrial



0.67%

Consumer Cyclical - Entertainment



0.35%

Consumer Cyclical - Restaurants



0.12%

Transportation - Airlines



0.09%

SUBTOTAL



34.53%

Credit Default Swaps



11.71%

SUBTOTAL



11.71%

Financial Institutions





Banking



5.19%

Finance



1.05%

Insurance



0.62%

Other Finance



0.54%

REITS



0.19%

Brokerage



0.13%

SUBTOTAL



7.72%

Utility





Electric



1.38%

Natural Gas



0.14%

SUBTOTAL



1.52%

SUBTOTAL



55.48%

Interest Rate Swaps



14.68%

Collateralized Mortgage Obligations





Risk Share Floating Rate



9.38%

Non-Agency Fixed Rate



1.12%

Non-Agency Floating Rate



1.05%

SUBTOTAL



11.55%

Interest Rate Futures



11.48%

Global Governments



10.63%

Emerging Markets - Treasuries



8.56%

Corporates - Investment Grade





Industrial





Basic



0.94%

Communications - Telecommunications



0.50%

Energy



0.46%

Technology



0.45%

Capital Goods



0.26%

Consumer Non-Cyclical



0.19%

Communications - Media



0.14%

Consumer Cyclical - Automotive



0.12%

Consumer Cyclical - Other



0.08%

Services



0.06%

Transportation - Airlines



0.04%

SUBTOTAL



3.24%

Financial Institutions





Banking



1.32%

Insurance



1.26%

REITS



0.23%

Brokerage



0.09%

SUBTOTAL



2.90%

Credit Default Swaps



0.92%

SUBTOTAL



0.92%

SUBTOTAL



7.06%

Emerging Markets - Sovereigns



6.97%

Commercial Mortgage-Backed Securities





Credit Default Swaps



4.24%

Non-Agency Fixed Rate CMBS



1.96%

Non-Agency Floating Rate CMBS



0.23%

SUBTOTAL



6.43%

Total Return Swaps



5.23%

Emerging Markets - Corporate Bonds





Industrial





Energy



1.06%

Basic



0.95%

Consumer Non-Cyclical



0.91%

Communications - Telecommunications



0.46%

Capital Goods



0.26%

Consumer Cyclical - Other



0.18%

Transportation - Services



0.15%

Consumer Cyclical - Retailers



0.06%

Technology



0.05%

Other Industrial



0.05%

Transportation - Airlines



0.03%

SUBTOTAL



4.16%

Financial Institutions





Banking



0.43%

Finance



0.05%

Insurance



0.01%

SUBTOTAL



0.49%

Utility





Electric



0.14%

SUBTOTAL



0.14%

SUBTOTAL



4.79%

Bank Loans





Industrial





Consumer Non-Cyclical



0.68%

Capital Goods



0.53%

Consumer Cyclical - Other



0.34%

Consumer Cyclical - Retailers



0.30%

Energy



0.26%

Technology



0.24%

Communications - Telecommunications



0.11%

Services



0.09%

Consumer Cyclical - Entertainment



0.08%

Basic



0.08%

Consumer Cyclical - Automotive



0.03%

Consumer Cyclical - Restaurants



0.02%

SUBTOTAL



2.76%

Financial Institutions





Other Finance



0.08%

SUBTOTAL



0.08%

SUBTOTAL



2.84%

Common Stocks



1.66%

Asset-Backed Securities





Other ABS - Fixed Rate



0.94%

Home Equity Loans - Fixed Rate



0.36%

Autos - Fixed Rate



0.07%

Home Equity Loans - Floating Rate



0.02%

SUBTOTAL



1.39%

Preferred Stocks





Industrial



0.95%

Financial Institutions



0.18%

Utility



0.03%

SUBTOTAL



1.16%

Inflation-Linked Securities



0.73%

Local Governments - Regional Bonds



0.56%

Local Governments - US Municipal Bonds



0.46%

Equity Futures





Equity Index Futures



0.29%

SUBTOTAL



0.29%

Investment Companies





Funds and Investment Trusts



0.20%

SUBTOTAL



0.20%

Whole Loan Trusts





Performing Asset



0.20%

SUBTOTAL



0.20%

Collateralized Loan Obligations





CLO - Floating Rate



0.16%

SUBTOTAL



0.16%

Currency Instruments





Forward Currency Exchange Contracts



0.15%

SUBTOTAL



0.15%

Quasi-Sovereigns





Quasi-Sovereign Bonds



0.10%

SUBTOTAL



0.10%

Warrants



0.02%

Options Purchased - Calls





Options on Forward Contracts



0.01%

SUBTOTAL



0.01%

Options Purchased - Puts





Options on Forward Contracts



0.01%

SUBTOTAL



0.01%

Call Options Written



-0.03%

Put Options Written



-0.14%

Reverse Repurchase Agreements



-7.26%

Net Cash Equivalents





Cash



1.44%

Investment Companies



1.40%

Emerging Markets - Sovereigns



0.53%

Governments - Treasuries



0.25%

Corporates - Non-Investment Grade



0.20%

SUBTOTAL



3.82%

Derivative Offsets





Futures Offsets



-11.74%

Swaps Offsets



-37.45%

SUBTOTAL



-49.19%

Total



100.00%







Country Breakdown



Portfolio %

United States



61.18%

Brazil



6.60%

Argentina



3.09%

United Kingdom



2.73%

Turkey



2.50%

Canada



1.82%

Indonesia



1.72%

Luxembourg



1.69%

France



1.30%

Dominican Republic



1.22%

Ireland



1.14%

Italy



1.02%

Egypt



0.98%

Netherlands



0.92%

Spain



0.85%

Russia



0.84%

Colombia



0.80%

Switzerland



0.79%

Zambia



0.59%

Sri Lanka



0.59%

Ivory Coast



0.52%

Mexico



0.51%

Malaysia



0.49%

Ukraine



0.47%

Cayman Islands



0.42%

Jamaica



0.42%

India



0.35%

South Africa



0.34%

United Arab Emirates



0.29%

Ecuador



0.27%

Gabon



0.25%

Venezuela



0.21%

Germany



0.21%

Mongolia



0.19%

Norway



0.17%

Israel



0.17%

Guatemala



0.16%

Trinidad & Tobago



0.15%

Sweden



0.14%

El Salvador



0.14%

Bahrain



0.14%

Macau



0.13%

Nigeria



0.12%

Pakistan



0.12%

Denmark



0.12%

Uruguay



0.12%

Cameroon



0.11%

Kenya



0.11%

Honduras



0.09%

Peru



0.08%

Senegal



0.08%

Costa Rica



0.07%

Australia



0.07%

Angola



0.06%

Chile



0.06%

Iraq



0.05%

Jordan



0.05%

Finland



0.05%

China



0.04%

Hong Kong



0.04%

Jersey (Channel Islands)



0.02%

Belarus



0.02%

Serbia



0.01%

Total Investments



100.00%







Net Currency Exposure Breakdown



Portfolio %

United States Dollar



95.81%

Euro



3.85%

South Korean Won



2.22%

Indonesian Rupiah



1.54%

Indian Rupee



1.51%

Argentine Peso



1.37%

Brazilian Real



0.94%

Russian Rubles



0.78%

Egypt Pound



0.77%

Norwegian Krone



0.65%

Malaysian Ringgit



0.54%

Colombian Peso



0.51%

Sri Lankan Rupee



0.50%

Dominican Peso



0.46%

Japanese Yen



0.26%

South African Rand



0.15%

Uruguayan Peso



0.12%

Hong Kong Dollar



-0.02%

New Zealand Dollar



-0.16%

New Turkish Lira



-0.28%

Swiss Franc



-0.33%

Mexican Peso



-0.54%

Great British Pound



-1.04%

Australian Dollar



-1.24%

Taiwan New Dollar



-1.24%

Canadian Dollar



-1.41%

Israeli New Shekel



-2.07%

Swedish Krona



-3.65%

Total Net Assets



100.00%







Credit Rating



Portfolio %

AAA



7.35%

AA



0.72%

A



1.37%

BBB



18.81%

BB



31.91%

B



27.74%

CCC



6.35%

CC



0.43%

C



0.19%

D



0.26%

Not Rated



5.47%

Short Term Investments



2.37%

Reverse Repurchase Agreements



-7.26%

N/A



4.29%

Total



100.00%







Bonds By Maturity



Portfolio %

Less than 1 year



3.90%

1 to 5 years



42.26%

5 to 10 years



38.19%

10 to 20 years



8.55%

20 to 30 years



4.15%

More Than 30 years



1.27%

Other



1.68%

Total Net Assets



100.00%







Portfolio Statistics:





Average Coupon:



7.85%

Average Bond Price:



102.36

Percentage of Leverage(based on gross assets):



Bank Borrowing:



0.00%

Investment Operations:



47.73%

Preferred stock:



0.00%

Tender Option Bonds:



0.00%

VMTP Shares:



0.00%

Total Fund Leverage:



47.73%

Average Maturity:



7.09  Years

Effective Duration:



5.20  Years

Total Net Assets:



$1,169.14 Million

Net Asset Value:



$13.56

Number of Holdings:



1417

Portfolio Turnover:



48%







* 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:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-300634764.html

SOURCE AllianceBernstein L.P.

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