Market Overview

AB Global High Income Fund Releases Monthly Portfolio Update

Share:

AB Global High Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Aug. 24, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE:AWF) (the "Fund") today released its monthly portfolio update as of July 31, 2018.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


3.62%

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


2.58%

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

2.02%

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


0.90%

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

0.70%

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

0.66%

7) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.243%, 1/25/37 

0.60%

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

0.57%

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


0.56%

10) U.S. Treasury Bonds  8.125%, 5/15/21 


0.52%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


6.85%

Communications - Media


4.28%

Basic


3.60%

Consumer Non-Cyclical


2.95%

Communications - Telecommunications


2.75%

Consumer Cyclical - Other


2.28%

Capital Goods


1.70%

Services


1.65%

Consumer Cyclical - Automotive


1.61%

Technology


1.32%

Consumer Cyclical - Retailers


0.90%

Transportation - Services


0.75%

Other Industrial


0.64%

Consumer Cyclical - Entertainment


0.36%

Consumer Cyclical - Restaurants


0.12%

SUBTOTAL


31.76%

Credit Default Swaps


10.02%

SUBTOTAL


10.02%

Financial Institutions



Banking


4.62%

Finance


1.07%

Insurance


0.70%

Other Finance


0.45%

REITS


0.19%

Brokerage


0.13%

SUBTOTAL


7.16%

Utility



Electric


1.34%

Natural Gas


0.17%

SUBTOTAL


1.51%

SUBTOTAL


50.45%

Interest Rate Swaps


15.19%

Global Governments


12.70%

Collateralized Mortgage Obligations



Risk Share Floating Rate


9.15%

Non-Agency Fixed Rate


1.07%

Non-Agency Floating Rate


0.95%

SUBTOTAL


11.17%

Interest Rate Futures


7.37%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.54%

Non-Agency Fixed Rate CMBS


2.08%

Non-Agency Floating Rate CMBS


0.15%

SUBTOTAL


6.77%

Emerging Markets - Sovereigns



Credit Default Swaps


0.70%

Corporates - Investment Grade



Financial Institutions



Insurance


1.81%

Banking


1.66%

REITS


0.22%

SUBTOTAL


3.69%

Industrial



Basic


0.65%

Energy


0.46%

Technology


0.43%

Capital Goods


0.26%

Communications - Telecommunications


0.23%

Consumer Non-Cyclical


0.19%

Other Industrial


0.14%

Communications - Media


0.14%

Consumer Cyclical - Automotive


0.12%

Consumer Cyclical - Other


0.08%

Services


0.06%

Transportation - Airlines


0.03%

SUBTOTAL


2.79%

SUBTOTAL


0.00%

SUBTOTAL


6.48%

Total Return Swaps


4.78%

Emerging Markets - Treasuries


4.33%

Emerging Markets - Corporate Bonds



Industrial



Energy


0.93%

Consumer Non-Cyclical


0.89%

Basic


0.84%

Communications - Telecommunications


0.45%

Capital Goods


0.24%

Consumer Cyclical - Other


0.18%

Transportation - Services


0.15%

Technology


0.05%

Consumer Cyclical - Retailers


0.05%

Transportation - Airlines


0.03%

SUBTOTAL


3.81%

Financial Institutions



Banking


0.22%

Finance


0.05%

Insurance


0.01%

SUBTOTAL


0.28%

Utility



Electric


0.13%

SUBTOTAL


0.13%

SUBTOTAL


4.22%

Bank Loans



Industrial



Consumer Non-Cyclical


1.10%

Capital Goods


0.40%

Services


0.35%

Technology


0.33%

Energy


0.26%

Consumer Cyclical - Retailers


0.24%

Consumer Cyclical - Other


0.23%

Other Industrial


0.22%

Communications - Telecommunications


0.11%

Consumer Cyclical - Entertainment


0.08%

Basic


0.08%

Consumer Cyclical - Automotive


0.03%

Consumer Cyclical - Restaurants


0.02%

SUBTOTAL


3.45%

Financial Institutions



Insurance


0.09%

SUBTOTAL


0.09%

SUBTOTAL


3.54%

Common Stocks


1.92%

Asset-Backed Securities



Other ABS - Fixed Rate


1.10%

Home Equity Loans - Fixed Rate


0.35%

Autos - Fixed Rate


0.07%

Home Equity Loans - Floating Rate


0.02%

SUBTOTAL


1.54%

Preferred Stocks



Industrial


0.71%

Financial Institutions


0.18%

Utility


0.03%

SUBTOTAL


0.92%

Inflation-Linked Securities


0.66%

Local Governments - Regional Bonds


0.48%

Investment Companies



Funds and Investment Trusts


0.46%

SUBTOTAL


0.46%

Local Governments - US Municipal Bonds


0.46%

Collateralized Loan Obligations



CLO - Floating Rate


0.14%

SUBTOTAL


0.14%

Currency Instruments



Forward Currency Exchange Contracts


0.14%

SUBTOTAL


0.14%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.12%

SUBTOTAL


0.12%

Whole Loan Trusts



Performing Asset


0.06%

SUBTOTAL


0.06%

Options Purchased - Puts



Options on Forward Contracts


0.04%

Swaptions


0.02%

SUBTOTAL


0.06%

Warrants


0.02%

Options Purchased - Calls



Options on Equities


0.01%

SUBTOTAL


0.01%

Swaptions


-0.01%

Put Options Written


-0.04%

Call Options Written


-0.04%

Equity Futures



Equity Index Futures


-0.05%

SUBTOTAL


-0.05%

Reverse Repurchase Agreements


-2.89%

Net Cash Equivalents



Investment Companies


2.84%

Cash


1.78%

Governments - Treasuries


0.26%

Emerging Markets - Sovereigns


0.13%

Foreign Currency


0.01%

SUBTOTAL


5.02%

Derivative Offsets



Futures Offsets


-7.33%

Swaps Offsets


-35.39%

SUBTOTAL


-42.72%

Total


100.00%




Country Breakdown


Portfolio %

United States


65.75%

Brazil


4.02%

United Kingdom


2.45%

Argentina


2.45%

Canada


1.92%

France


1.72%

Luxembourg


1.71%

Netherlands


1.21%

Italy


1.16%

Indonesia


1.16%

Dominican Republic


1.08%

Switzerland


0.91%

Spain


0.89%

Malaysia


0.86%

Ireland


0.82%

Turkey


0.81%

Mexico


0.73%

Russia


0.68%

Egypt


0.65%

Colombia


0.62%

Sri Lanka


0.61%

South Africa


0.58%

Zambia


0.55%

Ivory Coast


0.52%

Ukraine


0.48%

Jamaica


0.42%

Cayman Islands


0.38%

India


0.37%

United Arab Emirates


0.31%

Gabon


0.25%

Denmark


0.25%

Germany


0.22%

Angola


0.21%

Venezuela


0.20%

Mongolia


0.20%

Nigeria


0.19%

Israel


0.19%

Norway


0.18%

Guatemala


0.17%

Ghana


0.16%

Ecuador


0.15%

El Salvador


0.15%

Bahrain


0.14%

Sweden


0.14%

Macau


0.13%

Chile


0.13%

Kenya


0.12%

Cameroon


0.11%

Uruguay


0.11%

Kazakhstan


0.09%

Honduras


0.09%

Peru


0.08%

Senegal


0.08%

Costa Rica


0.07%

Lebanon


0.07%

Australia


0.06%

Iraq


0.06%

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


100.73%

Australian Dollar


0.90%

Malaysian Ringgit


0.89%

Argentine Peso


0.87%

Mexican Peso


0.55%

Chilean Peso


0.51%

Sri Lankan Rupee


0.51%

Indian Rupee


0.48%

Russian Rubles


0.48%

Egypt Pound


0.39%

Norwegian Krone


0.39%

Dominican Peso


0.27%

South African Rand


0.26%

Chinese Yuan Renminbi (Offshore)


0.24%

Swedish Krona


0.16%

Uruguayan Peso


0.06%

Euro


0.05%

Swiss Franc


-0.01%

Colombian Peso


-0.01%

Indonesian Rupiah


-0.15%

Polish Zloty


-0.26%

Brazilian Real


-0.40%

Singapore Dollar


-0.50%

New Turkish Lira


-0.57%

Canadian Dollar


-0.62%

Israeli New Shekel


-0.64%

New Zealand Dollar


-0.73%

Great British Pound


-0.81%

Japanese Yen


-1.31%

Taiwan New Dollar


-1.73%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


8.54%

AA


0.76%

A


2.70%

BBB


15.18%

BB


28.50%

B


25.26%

CCC


5.25%

CC


0.54%

C


0.29%

D


0.07%

Not Rated


6.85%

Short Term Investments


3.24%

Reverse Repurchase Agreements


-2.89%

N/A


5.71%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


13.40%

1 to 5 years


36.76%

5 to 10 years


35.92%

10 to 20 years


7.75%

20 to 30 years


3.44%

More Than 30 years


0.79%

Other


1.94%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.00%

Average Bond Price:


100.81

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


35.25%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


35.25%

Average Maturity:


6.36  Years

Effective Duration:


4.42  Years

Total Net Assets:


$1,151.08 Million

Net Asset Value:


$13.35

Number of Holdings:


1258

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-300702180.html

SOURCE AB Global High Income Fund, Inc.

View Comments and Join the Discussion!