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AB Global High Income Fund Releases Monthly Portfolio Update

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AB Global High Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, July 23, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE:AWF) (the "Fund") today released its monthly portfolio update as of June 30,2018.
 

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


3.64%

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


2.62%

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

1.90%

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


0.91%

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

0.69%

6) Malaysia Government Bond Series 511 3.58%, 9/28/18 

0.67%

7) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 2.271%, 1/25/37 

0.62%

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


0.57%

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

0.56%

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

0.56%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


6.99%

Communications - Media


4.28%

Basic


3.57%

Consumer Non-Cyclical


3.21%

Communications - Telecommunications


2.72%

Consumer Cyclical - Other


2.32%

Services


1.70%

Capital Goods


1.69%

Technology


1.52%

Consumer Cyclical - Automotive


1.42%

Consumer Cyclical - Retailers


0.92%

Transportation - Services


0.83%

Other Industrial


0.59%

Consumer Cyclical - Entertainment


0.39%

Consumer Cyclical - Restaurants


0.12%

Transportation - Airlines


0.09%

SUBTOTAL


32.36%

Credit Default Swaps


10.00%

SUBTOTAL


10.00%

Financial Institutions



Banking


4.73%

Finance


1.08%

Insurance


0.71%

Other Finance


0.54%

REITS


0.19%

Brokerage


0.13%

SUBTOTAL


7.38%

Utility



Electric


1.35%

Natural Gas


0.17%

SUBTOTAL


1.52%

SUBTOTAL


51.26%

Interest Rate Swaps


15.30%

Global Governments


13.27%

Collateralized Mortgage Obligations



Risk Share Floating Rate


9.32%

Non-Agency Fixed Rate


1.09%

Non-Agency Floating Rate


0.98%

SUBTOTAL


11.39%

Interest Rate Futures


7.48%

Emerging Markets - Sovereigns



Credit Default Swaps


0.69%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.60%

Non-Agency Fixed Rate CMBS


2.10%

Non-Agency Floating Rate CMBS


0.15%

SUBTOTAL


6.85%

Corporates - Investment Grade



Financial Institutions



Insurance


1.79%

Banking


1.67%

REITS


0.23%

Brokerage


0.09%

SUBTOTAL


3.78%

Industrial



Basic


0.67%

Energy


0.45%

Technology


0.43%

Capital Goods


0.26%

Communications - Telecommunications


0.23%

Consumer Non-Cyclical


0.19%

Communications - Media


0.14%

Consumer Cyclical - Automotive


0.12%

Consumer Cyclical - Other


0.08%

Services


0.06%

Transportation - Airlines


0.03%

SUBTOTAL


2.66%

SUBTOTAL


0.00%

SUBTOTAL


6.44%

Total Return Swaps


4.75%

Emerging Markets - Treasuries


4.48%

Emerging Markets - Corporate Bonds



Industrial



Basic


0.94%

Energy


0.91%

Consumer Non-Cyclical


0.87%

Communications - Telecommunications


0.45%

Capital Goods


0.23%

Consumer Cyclical - Other


0.18%

Transportation - Services


0.15%

Technology


0.05%

Consumer Cyclical - Retailers


0.05%

Transportation - Airlines


0.03%

SUBTOTAL


3.86%

Financial Institutions



Banking


0.35%

Finance


0.05%

Insurance


0.01%

SUBTOTAL


0.41%

Utility



Electric


0.13%

SUBTOTAL


0.13%

SUBTOTAL


4.40%

Bank Loans



Industrial



Consumer Non-Cyclical


1.10%

Capital Goods


0.41%

Services


0.36%

Energy


0.26%

Technology


0.25%

Consumer Cyclical - Retailers


0.24%

Other Industrial


0.21%

Consumer Cyclical - Other


0.20%

Communications - Telecommunications


0.11%

Consumer Cyclical - Entertainment


0.08%

Basic


0.08%

Consumer Cyclical - Automotive


0.03%

Consumer Cyclical - Restaurants


0.02%

SUBTOTAL


3.35%

Financial Institutions



Insurance


0.09%

SUBTOTAL


0.09%

SUBTOTAL


3.44%

Common Stocks


1.81%

Asset-Backed Securities



Other ABS - Fixed Rate


1.14%

Home Equity Loans - Fixed Rate


0.36%

Autos - Fixed Rate


0.07%

Home Equity Loans - Floating Rate


0.02%

SUBTOTAL


1.59%

Preferred Stocks



Industrial


0.86%

Financial Institutions


0.19%

Utility


0.03%

SUBTOTAL


1.08%

Inflation-Linked Securities


0.63%

Local Governments - Regional Bonds


0.47%

Local Governments - US Municipal Bonds


0.47%

Currency Instruments



Forward Currency Exchange Contracts


0.46%

SUBTOTAL


0.46%

Investment Companies



Funds and Investment Trusts


0.46%

SUBTOTAL


0.46%

Collateralized Loan Obligations



CLO - Floating Rate


0.17%

SUBTOTAL


0.17%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.12%

SUBTOTAL


0.12%

Whole Loan Trusts



Performing Asset


0.07%

SUBTOTAL


0.07%

Options Purchased - Puts



Options on Forward Contracts


0.04%

SUBTOTAL


0.04%

Warrants


0.02%

Equity Futures



Equity Index Futures


-0.06%

SUBTOTAL


-0.06%

Call Options Written


-0.08%

Put Options Written


-0.09%

Reverse Repurchase Agreements


-5.98%

Net Cash Equivalents



Investment Companies


3.71%

Cash


1.49%

Governments - Treasuries


0.26%

Emerging Markets - Sovereigns


0.13%

Foreign Currency


-0.02%

SUBTOTAL


5.57%

Derivative Offsets



Futures Offsets


-7.39%

Swaps Offsets


-35.68%

SUBTOTAL


-43.07%

Total


100.00%




Country Breakdown


Portfolio %

United States


65.65%

Brazil


3.85%

United Kingdom


2.63%

Argentina


2.34%

Canada


1.81%

Luxembourg


1.69%

Turkey


1.66%

France


1.65%

Indonesia


1.55%

Netherlands


1.16%

Italy


1.12%

Dominican Republic


1.05%

Malaysia


0.84%

Spain


0.81%

Ireland


0.79%

Switzerland


0.78%

Russia


0.66%

Egypt


0.62%

Colombia


0.60%

Sri Lanka


0.60%

Mexico


0.56%

Zambia


0.56%

South Africa


0.54%

Ivory Coast


0.49%

Ukraine


0.45%

Jamaica


0.40%

Cayman Islands


0.37%

India


0.35%

United Arab Emirates


0.30%

Denmark


0.24%

Gabon


0.23%

Germany


0.21%

Angola


0.20%

Venezuela


0.20%

Mongolia


0.19%

Nigeria


0.18%

Norway


0.18%

Israel


0.18%

Guatemala


0.16%

Ghana


0.15%

Ecuador


0.14%

El Salvador


0.14%

Sweden


0.14%

Bahrain


0.13%

Macau


0.13%

Chile


0.13%

Kenya


0.11%

Cameroon


0.11%

Uruguay


0.10%

Kazakhstan


0.09%

Honduras


0.09%

Australia


0.09%

Trinidad & Tobago


0.08%

Peru


0.08%

Senegal


0.07%

Costa Rica


0.07%

Lebanon


0.07%

Iraq


0.05%

Jordan


0.05%

Finland


0.05%

China


0.04%

Jersey (Channel Islands)


0.02%

Belarus


0.02%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


103.09%

Malaysian Ringgit


0.90%

Mexican Peso


0.61%

Australian Dollar


0.58%

Sri Lankan Rupee


0.52%

Russian Rubles


0.48%

Norwegian Krone


0.40%

Egypt Pound


0.39%

Dominican Peso


0.28%

Swiss Franc


0.19%

Great British Pound


0.18%

Uruguayan Peso


0.06%

Chinese Yuan Renminbi (Offshore)


0.01%

New Turkish Lira


0.01%

Argentine Peso


-0.06%

Swedish Krona


-0.09%

Brazilian Real


-0.10%

South Korean Won


-0.10%

Indonesian Rupiah


-0.11%

Indian Rupee


-0.19%

Colombian Peso


-0.50%

Canadian Dollar


-0.56%

South African Rand


-0.59%

Israeli New Shekel


-0.65%

Euro


-0.66%

New Zealand Dollar


-0.73%

Singapore Dollar


-0.75%

Japanese Yen


-0.86%

Taiwan New Dollar


-1.75%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


9.56%

AA


0.72%

A


2.16%

BBB


17.12%

BB


28.00%

B


26.37%

CCC


5.56%

CC


0.48%

C


0.29%

D


0.07%

Not Rated


6.80%

Short Term Investments


4.10%

Reverse Repurchase Agreements


-5.98%

N/A


4.75%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


10.67%

1 to 5 years


36.89%

5 to 10 years


38.23%

10 to 20 years


8.04%

20 to 30 years


3.50%

More Than 30 years


0.84%

Other


1.83%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.13%

Average Bond Price:


100.1

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


37.23%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


37.23%

Average Maturity:


6.72  Years

Effective Duration:


4.75  Years

Total Net Assets:


$1,141.51 Million

Net Asset Value:


$13.24

Number of Holdings:


1315

Portfolio Turnover:


34%




* 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-300684999.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

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