Market Overview

AB Global High Income Fund Releases Monthly Portfolio Update

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NEW YORK, June 29, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE:AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2020.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


2.63%

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


2.11%

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

1.98%

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

0.73%

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

0.65%

6) Ukraine Government International Bond  7.75%, 9/01/21 - 9/01/24 

0.63%

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

0.62%

8) Colombian TES Series B 10.00%, 7/24/24 

0.60%

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


0.57%

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


0.47%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Credit Default Swaps


30.56%

SUBTOTAL


30.56%

Industrial



Communications - Media


3.49%

Consumer Non-Cyclical


3.14%

Basic


3.07%

Energy


2.88%

Consumer Cyclical - Other


2.62%

Communications - Telecommunications


2.11%

Consumer Cyclical - Automotive


2.08%

Capital Goods


2.08%

Services


1.70%

Consumer Cyclical - Retailers


1.15%

Technology


1.02%

Consumer Cyclical - Entertainment


0.63%

Transportation - Services


0.58%

Consumer Cyclical - Restaurants


0.33%

Other Industrial


0.30%

SUBTOTAL


27.18%

Financial Institutions



Banking


2.07%

Insurance


0.93%

REITS


0.90%

Finance


0.88%

Other Finance


0.35%

Brokerage


0.33%

SUBTOTAL


5.46%

Utility



Electric


0.80%

SUBTOTAL


0.80%

SUBTOTAL


64.00%

Corporates - Investment Grade



Industrial



Energy


1.46%

Basic


1.25%

Consumer Cyclical - Entertainment


0.91%

Consumer Cyclical - Other


0.88%

Technology


0.74%

Consumer Cyclical - Automotive


0.48%

Communications - Media


0.47%

Consumer Non-Cyclical


0.45%

Transportation - Airlines


0.34%

Services


0.32%

Communications - Telecommunications


0.29%

Transportation - Services


0.22%

Capital Goods


0.20%

Other Industrial


0.19%

Consumer Cyclical - Retailers


0.07%

SUBTOTAL


8.27%

Financial Institutions



Banking


5.38%

Insurance


1.98%

REITS


0.38%

Finance


0.28%

Brokerage


0.13%

SUBTOTAL


8.15%

Utility



Electric


0.15%

SUBTOTAL


0.15%

SUBTOTAL


16.57%

Collateralized Mortgage Obligations



Risk Share Floating Rate


9.52%

Non-Agency Fixed Rate


0.73%

Non-Agency Floating Rate


0.61%

Agency Fixed Rate


0.60%

SUBTOTAL


11.46%

Emerging Markets - Sovereigns



Credit Default Swaps


0.56%

Global Governments


9.55%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.82%

Non-Agency Fixed Rate CMBS


1.46%

Non-Agency Floating Rate CMBS


0.09%

SUBTOTAL


6.37%

Bank Loans



Industrial



Consumer Non-Cyclical


1.02%

Technology


0.86%

Consumer Cyclical - Other


0.57%

Capital Goods


0.55%

Services


0.48%

Energy


0.37%

Consumer Cyclical - Retailers


0.24%

Communications - Media


0.17%

Consumer Cyclical - Restaurants


0.12%

Other Industrial


0.12%

Communications - Telecommunications


0.09%

Consumer Cyclical - Entertainment


0.09%

Consumer Cyclical - Automotive


0.08%

Transportation - Airlines


0.02%

SUBTOTAL


4.78%

Financial Institutions



Finance


0.13%

Insurance


0.13%

SUBTOTAL


0.26%

Utility



Electric


0.20%

SUBTOTAL


0.20%

SUBTOTAL


5.24%

Emerging Markets - Corporate Bonds



Industrial



Basic


0.60%

Energy


0.54%

Consumer Non-Cyclical


0.48%

Communications - Telecommunications


0.32%

Consumer Cyclical - Other


0.28%

Transportation - Services


0.05%

Communications - Media


0.04%

Capital Goods


0.01%

SUBTOTAL


2.32%

Utility



Electric


0.41%

SUBTOTAL


0.41%

Financial Institutions



Banking


0.05%

Other Finance


0.02%

Insurance


0.01%

SUBTOTAL


0.08%

SUBTOTAL


2.81%

Emerging Markets - Treasuries


2.01%

Interest Rate Futures


1.52%

Collateralized Loan Obligations



CLO - Floating Rate


1.36%

SUBTOTAL


1.36%

Total Return Swaps


1.30%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.11%

SUBTOTAL


1.11%

Asset-Backed Securities



Other ABS - Fixed Rate


0.52%

Home Equity Loans - Fixed Rate


0.32%

Autos - Fixed Rate


0.26%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.11%

Common Stocks


0.89%

Investment Companies



Funds and Investment Trusts


0.53%

SUBTOTAL


0.53%

Local Governments - US Municipal Bonds


0.38%

Preferred Stocks



Financial Institutions


0.26%

Utility


0.03%

SUBTOTAL


0.29%

Inflation-Linked Securities


0.25%

Local Governments - Regional Bonds


0.02%

Warrants


0.02%

Whole Loan Trusts



Performing Asset


0.01%

SUBTOTAL


0.01%

Reverse Repurchase Agreements


-0.12%

Interest Rate Swaps


-0.17%

Currency Instruments



Forward Currency Exchange Contracts


-0.34%

SUBTOTAL


-0.34%

Net Cash Equivalents



Cash


4.19%

Investment Companies


1.14%

Governments - Treasuries


0.28%

Foreign Currency


-0.02%

SUBTOTAL


5.59%

Derivative Offsets



Futures Offsets


-1.51%

Swaps Offsets


-40.67%

SUBTOTAL


-42.18%

Total


100.00%




Country Breakdown


Portfolio %

United States


66.48%

Brazil


4.29%

United Kingdom


2.32%

Canada


1.65%

Mexico


1.47%

Egypt


1.37%

Netherlands


1.31%

France


1.25%

Cayman Islands


1.08%

Argentina


1.03%

Dominican Republic


0.93%

Colombia


0.92%

Italy


0.88%

Luxembourg


0.83%

Indonesia


0.82%

Russia


0.82%

Switzerland


0.81%

Spain


0.76%

Ukraine


0.70%

Bahrain


0.65%

Ireland


0.62%

Nigeria


0.56%

Ivory Coast


0.51%

Kenya


0.49%

Angola


0.47%

Oman


0.46%

South Africa


0.43%

Bermuda


0.40%

United Arab Emirates


0.40%

Finland


0.39%

Gabon


0.32%

Zambia


0.31%

Honduras


0.29%

Mongolia


0.29%

El Salvador


0.29%

Ghana


0.28%

Costa Rica


0.27%

Denmark


0.27%

Senegal


0.26%

Sweden


0.24%

Ecuador


0.23%

Germany


0.21%

Hong Kong


0.18%

Norway


0.17%

Sri Lanka


0.15%

Israel


0.11%

Peru


0.11%

Australia


0.11%

Chile


0.11%

Macau


0.10%

Kazakhstan


0.07%

Jamaica


0.07%

Turkey


0.07%

Guatemala


0.06%

Jordan


0.06%

Iraq


0.06%

China


0.05%

Venezuela


0.05%

Lebanon


0.04%

Kuwait


0.04%

Pakistan


0.02%

India


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


98.71%

Japanese Yen


0.76%

Indian Rupee


0.32%

Egypt Pound


0.28%

Russian Rubles


0.20%

Brazilian Real


0.12%

Nigerian Naira


0.10%

Argentine Peso


0.06%

Mexican Peso


0.04%

Great British Pound


0.01%

Malaysian Ringgit


0.01%

Taiwan New Dollar


0.01%

Swiss Franc


-0.01%

Chilean Peso


-0.01%

Indonesian Rupiah


-0.01%

Colombian Peso


-0.03%

Canadian Dollar


-0.09%

Euro


-0.47%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


11.00%

AA


1.63%

A


2.44%

BBB


22.83%

BB


24.72%

B


19.17%

CCC


6.86%

CC


1.64%

C


0.11%

D


0.17%

Not Rated


5.39%

Short Term Investments


1.42%

Reverse Repurchase Agreements


-0.12%

N/A


2.74%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


5.10%

1 to 5 years


52.32%

5 to 10 years


30.91%

10 to 20 years


6.96%

20 to 30 years


3.42%

More Than 30 years


0.39%

Other


0.90%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.84%

Average Bond Price:


97.02

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


47.36%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


47.36%

Average Maturity:


6.17  Years

Effective Duration:


4.26  Years

Total Net Assets:


$991.91 Million

Net Asset Value:


$11.50

Number of Holdings:


1515

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.

 

 

 

Cision View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301085352.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

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