AB Global High Income Fund Releases Monthly Portfolio Update
- 56
PR Newswire
NEW YORK, June 22, 2018
NEW YORK, June 22, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2018.
AB Global High Income Fund, Inc. |
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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 |
2.61% | |
3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/25 - 1/01/27 |
2.40% | |
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 |
0.72% | |
6) Malaysia Government Bond Series 511 3.58%, 9/28/18 |
0.68% | |
7) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 2.139%, 1/25/37 |
0.62% | |
8) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.57% | |
9) Turkey Government Bond 11.10%, 5/15/19 |
0.57% | |
10) Dominican Republic International Bond 8.625%, 4/20/27 |
0.56% | |
Investment Type |
Portfolio % | |
Corporates - Non-Investment Grade |
||
Industrial |
||
Energy |
7.02% | |
Communications - Media |
4.40% | |
Basic |
4.02% | |
Consumer Non-Cyclical |
3.66% | |
Communications - Telecommunications |
2.61% | |
Consumer Cyclical - Other |
2.23% | |
Services |
1.69% | |
Capital Goods |
1.65% | |
Technology |
1.45% | |
Consumer Cyclical - Automotive |
1.40% | |
Consumer Cyclical - Retailers |
0.92% | |
Transportation - Services |
0.86% | |
Other Industrial |
0.62% | |
Consumer Cyclical - Entertainment |
0.35% | |
Consumer Cyclical - Restaurants |
0.12% | |
Transportation - Airlines |
0.09% | |
SUBTOTAL |
33.09% | |
Credit Default Swaps |
10.00% | |
SUBTOTAL |
10.00% | |
Financial Institutions |
||
Banking |
4.90% | |
Finance |
1.08% | |
Insurance |
0.71% | |
Other Finance |
0.55% | |
REITS |
0.19% | |
Brokerage |
0.13% | |
SUBTOTAL |
7.56% | |
Utility |
||
Electric |
1.35% | |
Natural Gas |
0.17% | |
SUBTOTAL |
1.52% | |
SUBTOTAL |
52.17% | |
Interest Rate Swaps |
15.19% | |
Global Governments |
13.18% | |
Collateralized Mortgage Obligations |
||
Risk Share Floating Rate |
9.34% | |
Non-Agency Fixed Rate |
1.11% | |
Non-Agency Floating Rate |
0.98% | |
SUBTOTAL |
11.43% | |
Emerging Markets - Sovereigns |
||
Credit Default Swaps |
0.70% | |
Corporates - Investment Grade |
||
Financial Institutions |
||
Insurance |
1.97% | |
Banking |
1.35% | |
REITS |
0.23% | |
Brokerage |
0.09% | |
SUBTOTAL |
3.64% | |
Industrial |
||
Basic |
0.89% | |
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 |
2.88% | |
Credit Default Swaps |
0.93% | |
SUBTOTAL |
0.93% | |
SUBTOTAL |
7.45% | |
Interest Rate Futures |
7.44% | |
Commercial Mortgage-Backed Securities |
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Credit Default Swaps |
4.55% | |
Non-Agency Fixed Rate CMBS |
2.12% | |
Non-Agency Floating Rate CMBS |
0.15% | |
SUBTOTAL |
6.82% | |
Emerging Markets - Treasuries |
5.18% | |
Emerging Markets - Corporate Bonds |
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Industrial |
||
Basic |
0.95% | |
Energy |
0.94% | |
Consumer Non-Cyclical |
0.89% | |
Communications - Telecommunications |
0.45% | |
Capital Goods |
0.23% | |
Consumer Cyclical - Other |
0.18% | |
Transportation - Services |
0.15% | |
Consumer Cyclical - Retailers |
0.06% | |
Technology |
0.05% | |
Transportation - Airlines |
0.04% | |
SUBTOTAL |
3.94% | |
Financial Institutions |
||
Banking |
0.38% | |
Finance |
0.05% | |
Other Finance |
0.03% | |
Insurance |
0.01% | |
SUBTOTAL |
0.47% | |
Utility |
||
Electric |
0.13% | |
SUBTOTAL |
0.13% | |
SUBTOTAL |
4.54% | |
Total Return Swaps |
4.32% | |
Bank Loans |
||
Industrial |
||
Consumer Non-Cyclical |
1.14% | |
Capital Goods |
0.44% | |
Consumer Cyclical - Other |
0.26% | |
Energy |
0.26% | |
Other Industrial |
0.25% | |
Consumer Cyclical - Retailers |
0.25% | |
Technology |
0.24% | |
Communications - Telecommunications |
0.11% | |
Consumer Cyclical - Entertainment |
0.08% | |
Basic |
0.08% | |
Services |
0.05% | |
Consumer Cyclical - Automotive |
0.03% | |
Consumer Cyclical - Restaurants |
0.02% | |
SUBTOTAL |
3.21% | |
Financial Institutions |
||
Insurance |
0.09% | |
SUBTOTAL |
0.09% | |
SUBTOTAL |
3.30% | |
Common Stocks |
1.90% | |
Asset-Backed Securities |
||
Other ABS - Fixed Rate |
1.10% | |
Home Equity Loans - Fixed Rate |
0.37% | |
Autos - Fixed Rate |
0.07% | |
Home Equity Loans - Floating Rate |
0.02% | |
SUBTOTAL |
1.56% | |
Preferred Stocks |
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Industrial |
0.97% | |
Financial Institutions |
0.19% | |
Utility |
0.03% | |
SUBTOTAL |
1.19% | |
Inflation-Linked Securities |
0.66% | |
Currency Instruments |
||
Forward Currency Exchange Contracts |
0.57% | |
SUBTOTAL |
0.57% | |
Local Governments - Regional Bonds |
0.51% | |
Investment Companies |
||
Funds and Investment Trusts |
0.46% | |
SUBTOTAL |
0.46% | |
Local Governments - US Municipal Bonds |
0.46% | |
Whole Loan Trusts |
||
Performing Asset |
0.18% | |
SUBTOTAL |
0.18% | |
Collateralized Loan Obligations |
||
CLO - Floating Rate |
0.17% | |
SUBTOTAL |
0.17% | |
Quasi-Sovereigns |
||
Quasi-Sovereign Bonds |
0.12% | |
SUBTOTAL |
0.12% | |
Warrants |
0.03% | |
Options Purchased - Puts |
||
Options on Forward Contracts |
0.02% | |
SUBTOTAL |
0.02% | |
Call Options Written |
-0.02% | |
Equity Futures |
||
Equity Index Futures |
-0.05% | |
SUBTOTAL |
-0.05% | |
Put Options Written |
-0.18% | |
Reverse Repurchase Agreements |
-6.24% | |
Net Cash Equivalents |
||
Cash |
1.73% | |
Investment Companies |
0.90% | |
Emerging Markets - Sovereigns |
0.44% | |
Governments - Treasuries |
0.26% | |
Foreign Currency |
-0.02% | |
SUBTOTAL |
3.31% | |
Derivative Offsets |
||
Futures Offsets |
-7.34% | |
Swaps Offsets |
-36.01% | |
SUBTOTAL |
-43.35% | |
Total |
100.00% | |
Country Breakdown |
Portfolio % | |
United States |
63.64% | |
Brazil |
4.44% | |
Argentina |
2.70% | |
United Kingdom |
2.53% | |
Luxembourg |
1.76% | |
Canada |
1.73% | |
Turkey |
1.71% | |
France |
1.66% | |
Indonesia |
1.64% | |
Netherlands |
1.13% | |
Italy |
1.11% | |
Dominican Republic |
1.05% | |
Ireland |
1.04% | |
Egypt |
0.92% | |
Malaysia |
0.85% | |
Spain |
0.81% | |
Switzerland |
0.79% | |
Mexico |
0.76% | |
Russia |
0.67% | |
Colombia |
0.60% | |
Sri Lanka |
0.60% | |
South Africa |
0.58% | |
Zambia |
0.56% | |
Ivory Coast |
0.51% | |
Ukraine |
0.47% | |
Jamaica |
0.41% | |
Germany |
0.38% | |
Cayman Islands |
0.37% | |
India |
0.35% | |
United Arab Emirates |
0.30% | |
Gabon |
0.25% | |
Venezuela |
0.20% | |
Angola |
0.20% | |
Mongolia |
0.19% | |
Nigeria |
0.19% | |
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% | |
Chile |
0.13% | |
Macau |
0.13% | |
Pakistan |
0.13% | |
Denmark |
0.12% | |
Cameroon |
0.11% | |
Kenya |
0.11% | |
Uruguay |
0.11% | |
Kazakhstan |
0.09% | |
Honduras |
0.09% | |
Trinidad & Tobago |
0.08% | |
Peru |
0.08% | |
Senegal |
0.07% | |
Costa Rica |
0.07% | |
Australia |
0.07% | |
Lebanon |
0.06% | |
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 |
102.07% | |
Indian Rupee |
1.53% | |
Chinese Yuan Renminbi (Offshore) |
1.00% | |
Malaysian Ringgit |
0.91% | |
Argentine Peso |
0.85% | |
Egypt Pound |
0.70% | |
South Korean Won |
0.60% | |
Sri Lankan Rupee |
0.50% | |
Russian Rubles |
0.49% | |
Norwegian Krone |
0.40% | |
Dominican Peso |
0.28% | |
Swiss Franc |
0.19% | |
Colombian Peso |
0.18% | |
Mexican Peso |
0.07% | |
Uruguayan Peso |
0.07% | |
South African Rand |
-0.01% | |
Indonesian Rupiah |
-0.03% | |
Great British Pound |
-0.06% | |
Australian Dollar |
-0.25% | |
Swedish Krona |
-0.39% | |
Canadian Dollar |
-0.59% | |
Israeli New Shekel |
-0.66% | |
Singapore Dollar |
-0.76% | |
New Turkish Lira |
-0.83% | |
New Zealand Dollar |
-0.84% | |
Brazilian Real |
-1.08% | |
Japanese Yen |
-1.13% | |
Euro |
-1.45% | |
Taiwan New Dollar |
-1.76% | |
Total Net Assets |
100.00% | |
Credit Rating |
Portfolio % | |
AAA |
9.05% | |
AA |
0.72% | |
A |
2.16% | |
BBB |
17.73% | |
BB |
28.73% | |
B |
27.28% | |
CCC |
5.59% | |
CC |
0.49% | |
C |
0.34% | |
D |
0.27% | |
Not Rated |
6.62% | |
Short Term Investments |
1.60% | |
Reverse Repurchase Agreements |
-6.24% | |
N/A |
5.66% | |
Total |
100.00% | |
Bonds By Maturity |
Portfolio % | |
Less than 1 year |
8.88% | |
1 to 5 years |
36.72% | |
5 to 10 years |
39.38% | |
10 to 20 years |
8.29% | |
20 to 30 years |
3.78% | |
More Than 30 years |
1.02% | |
Other |
1.93% | |
Total Net Assets |
100.00% | |
Portfolio Statistics: |
||
Average Coupon: |
7.29% | |
Average Bond Price: |
100.81 | |
Percentage of Leverage(based on gross assets): |
||
Bank Borrowing: |
0.00% | |
Investment Operations: |
38.23% | |
Preferred stock: |
0.00% | |
Tender Option Bonds: |
0.00% | |
VMTP Shares: |
0.00% | |
Total Fund Leverage: |
38.23% | |
Average Maturity: |
6.99 Years | |
Effective Duration: |
4.93 Years | |
Total Net Assets: |
$1,149.53 Million | |
Net Asset Value: |
$13.33 | |
Number of Holdings: |
1384 | |
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. |
View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-300670984.html
SOURCE AB Global High Income Fund, Inc.
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