(MENAFN- PR Newswire)
NEW YORK, Feb. 25, 2019 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF ) (the "Fund") today released its monthly portfolio update as of January 31, 2019.
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 2.61%
2) U.S. Treasury Notes 2.25%, 2/15/27 2.32%
3) U.S. Treasury Notes 0.875%, 4/15/19 1.80%
4) U.S. Treasury Notes 2.875%, 8/15/28 1.62%
5) U.S. Treasury Bonds 6.25%, 5/15/30 0.70%
6) Dominican Republic International Bond 8.625%, 4/20/27 0.60%
7) U.S. Treasury Bonds 5.25%, 2/15/29 0.59%
8) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.69%, 1/25/37 0.56%
9) U.S. Treasury Bonds 8.125%, 5/15/21 0.53%
10) Turkey Government Bond 11.10%, 5/15/19 0.53%
Investment Type Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy 6.12%
Communications - Media 4.04%
Consumer Non-Cyclical 3.11%
Basic 3.03%
Communications - Telecommunications 2.63%
Consumer Cyclical - Other 2.27%
Services 1.61%
Consumer Cyclical - Automotive 1.45%
Capital Goods 1.44%
Technology 1.42%
Transportation - Services 0.85%
Other Industrial 0.54%
Consumer Cyclical - Retailers 0.51%
Consumer Cyclical - Entertainment 0.35%
Consumer Cyclical - Restaurants 0.18%
SUBTOTAL 29.55%
Credit Default Swaps 14.08%
SUBTOTAL 14.08%
Financial Institutions
Banking 4.28%
Finance 1.28%
Insurance 0.81%
Other Finance 0.50%
REITS 0.30%
Brokerage 0.14%
SUBTOTAL 7.31%
Utility
Electric 0.87%
Natural Gas 0.17%
SUBTOTAL 1.04%
SUBTOTAL 51.98%
Collateralized Mortgage Obligations
Risk Share Floating Rate 9.38%
Non-Agency Fixed Rate 0.90%
Non-Agency Floating Rate 0.89%
SUBTOTAL 11.17%
Global Governments 9.83%
Interest Rate Futures 8.86%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns 6.45%
Credit Default Swaps 1.57%
Commercial Mortgage-Backed Securities
Credit Default Swaps 5.43%
Non-Agency Fixed Rate CMBS 1.87%
Non-Agency Floating Rate CMBS 0.16%
SUBTOTAL 7.46%
Corporates - Investment Grade
Financial Institutions
Banking 1.82%
Insurance 1.72%
REITS 0.30%
SUBTOTAL 3.84%
Industrial
Technology 0.50%
Basic 0.48%
Consumer Non-Cyclical 0.37%
Energy 0.33%
Communications - Telecommunications 0.24%
Capital Goods 0.24%
Other Industrial 0.14%
Communications - Media 0.14%
Consumer Cyclical - Other 0.08%
Consumer Cyclical - Automotive 0.08%
Services 0.06%
Transportation - Airlines 0.01%
SUBTOTAL 2.67%
Utility
Electric 0.02%
SUBTOTAL 0.02%
SUBTOTAL 6.53%
Total Return Swaps 4.88%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.87%
Basic 0.79%
Energy 0.78%
Communications - Telecommunications 0.43%
Consumer Cyclical - Other 0.20%
Transportation - Services 0.16%
Capital Goods 0.14%
Consumer Cyclical - Retailers 0.05%
Transportation - Airlines 0.03%
SUBTOTAL 3.45%
Financial Institutions
Banking 0.40%
REITS 0.23%
Finance 0.05%
Insurance 0.01%
SUBTOTAL 0.69%
Utility
Electric 0.25%
SUBTOTAL 0.25%
SUBTOTAL 4.39%
Emerging Markets - Treasuries 4.19%
Bank Loans
Industrial
Consumer Non-Cyclical 1.05%
Capital Goods 0.47%
Services 0.45%
Energy 0.39%
Technology 0.36%
Consumer Cyclical - Retailers 0.24%
Consumer Cyclical - Other 0.23%
Other Industrial 0.18%
Communications - Telecommunications 0.11%
Consumer Cyclical - Entertainment 0.09%
Basic 0.04%
Consumer Cyclical - Automotive 0.03%
Consumer Cyclical - Restaurants 0.02%
SUBTOTAL 3.66%
SUBTOTAL 3.66%
Investment Companies
Funds and Investment Trusts 2.19%
SUBTOTAL 2.19%
Common Stocks 1.84%
Asset-Backed Securities
Other ABS - Fixed Rate 0.83%
Home Equity Loans - Fixed Rate 0.34%
Autos - Fixed Rate 0.10%
Home Equity Loans - Floating Rate 0.01%
SUBTOTAL 1.28%
Local Governments - US Municipal Bonds 0.47%
Preferred Stocks
Financial Institutions 0.28%
Utility 0.02%
SUBTOTAL 0.30%
Inflation-Linked Securities 0.28%
Local Governments - Regional Bonds 0.27%
Interest Rate Swaps 0.23%
Quasi-Sovereigns
Quasi-Sovereign Bonds 0.22%
SUBTOTAL 0.22%
Collateralized Loan Obligations
CLO - Floating Rate 0.09%
SUBTOTAL 0.09%
Whole Loan Trusts
Performing Asset 0.03%
SUBTOTAL 0.03%
Options Purchased - Puts
Options on Forward Contracts 0.01%
SUBTOTAL 0.01%
Put Options Written -0.01%
Call Options Written -0.05%
Currency Instruments
Forward Currency Exchange Contracts -0.35%
SUBTOTAL -0.35%
Reverse Repurchase Agreements -0.79%
Equity Futures
Equity Index Futures -1.64%
SUBTOTAL -1.64%
Net Cash Equivalents
Investment Companies 6.06%
Cash 2.09%
Foreign Currency 0.01%
SUBTOTAL 8.16%
Derivative Offsets
Futures Offsets -7.09%
Swaps Offsets -26.41%
SUBTOTAL -33.50%
Total 100.00%
Country Breakdown Portfolio %
United States 68.82%
Brazil 4.34%
United Kingdom 2.22%
France 1.66%
Luxembourg 1.48%
Canada 1.45%
Netherlands 1.40%
Dominican Republic 1.14%
Turkey 1.09%
Argentina 1.09%
Italy 1.06%
Spain 1.01%
Switzerland 0.86%
Colombia 0.68%
Ireland 0.68%
Mexico 0.54%
Ukraine 0.49%
India 0.48%
Nigeria 0.44%
Russia 0.43%
Ivory Coast 0.42%
Zambia 0.41%
South Africa 0.37%
Jamaica 0.35%
Indonesia 0.35%
Bahrain 0.34%
Angola 0.34%
United Arab Emirates 0.32%
Cayman Islands 0.31%
Ecuador 0.28%
Egypt 0.27%
Gabon 0.27%
Lebanon 0.25%
Denmark 0.25%
Venezuela 0.25%
Senegal 0.24%
Honduras 0.23%
China 0.23%
Mongolia 0.23%
Germany 0.23%
Malaysia 0.21%
Norway 0.21%
Israel 0.20%
Sweden 0.18%
Kenya 0.18%
Guatemala 0.18%
Macau 0.15%
El Salvador 0.13%
Costa Rica 0.13%
Cameroon 0.12%
Uruguay 0.11%
Kazakhstan 0.10%
Oman 0.09%
Sri Lanka 0.09%
Trinidad & Tobago 0.09%
Peru 0.09%
Ghana 0.08%
Australia 0.06%
Iraq 0.06%
Jordan 0.06%
Finland 0.05%
Virgin Islands (BVI) 0.05%
Belgium 0.03%
Chile 0.03%
Jersey (Channel Islands) 0.02%
Total Investments 100.00%
Net CurA261:C286rency Exposure Breakdown Portfolio %
United States Dollar 95.93%
South Korean Won 1.98%
New Turkish Lira 1.50%
Australian Dollar 1.41%
Polish Zloty 0.99%
Brazilian Real 0.91%
Norwegian Krone 0.87%
Argentine Peso 0.69%
Great British Pound 0.51%
Mexican Peso 0.49%
Dominican Peso 0.27%
Swedish Krona 0.26%
Malaysian Ringgit 0.21%
Uruguayan Peso 0.11%
Indian Rupee 0.04%
Russian Rubles 0.01%
Colombian Peso -0.01%
Chinese Yuan Renminbi (Offshore) -0.18%
Swiss Franc -0.78%
Japanese Yen -0.81%
Canadian Dollar -1.00%
Israeli New Shekel -1.00%
New Zealand Dollar -1.01%
Euro -1.39%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 8.81%
AA 0.98%
A 2.61%
BBB 13.98%
BB 27.17%
B 24.33%
CCC 4.70%
CC 0.32%
C 0.37%
D 0.10%
Not Rated 5.91%
Short Term Investments 6.06%
Reverse Repurchase Agreements -0.79%
N/A 5.45%
Total 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 16.57%
1 to 5 years 39.81%
5 to 10 years 33.14%
10 to 20 years 5.89%
20 to 30 years 2.32%
More Than 30 years 0.43%
Other 1.84%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.18%
Average Bond Price: 99.85
Percentage of Leverage(based on gross assets):
Bank Borrowing: 0.00%
Investment Operations: 40.51%
Preferred stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 40.51%
Average Maturity: N/A
Effective Duration: 3.83 Years
Total Net Assets: $1,109.82 Million
Net Asset Value: $12.87
Number of Holdings: 1259
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.
SOURCE AB Global High Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
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