Close

AB Global High Income Fund RELEASES MONTHLY PORTFOLIO UPDATE

February 23, 2018 4:12 PM EST

NEW YORK, Feb. 23, 2018 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of January 31,2018.  

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 - 1/01/27 

4.63%

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

3.44%

3) Turkey Government Bond  11.00%, 2/24/27 

1.02%

4) Mexican Bonos Series M 20 10.00%, 12/05/24 

0.90%

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

0.88%

6) Mexican Bonos Series M 6.50%, 6/10/21 

0.83%

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

0.76%

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

0.67%

9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.741%, 1/25/37 

0.66%

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

0.57%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

6.63%

Communications - Media

4.61%

Basic

3.96%

Consumer Non-Cyclical

3.92%

Communications - Telecommunications

2.70%

Consumer Cyclical - Other

2.66%

Capital Goods

1.83%

Technology

1.67%

Services

1.66%

Consumer Cyclical - Automotive

1.38%

Transportation - Services

1.13%

Consumer Cyclical - Retailers

1.01%

Other Industrial

0.54%

Consumer Cyclical - Entertainment

0.34%

Consumer Cyclical - Restaurants

0.12%

Transportation - Airlines

0.09%

SUBTOTAL

34.25%

Financial Institutions

Banking

4.84%

Finance

1.02%

Insurance

0.60%

Other Finance

0.45%

REITS

0.19%

Brokerage

0.13%

SUBTOTAL

7.23%

Credit Default Swaps

5.16%

SUBTOTAL

5.16%

Utility

Electric

1.42%

Natural Gas

0.09%

SUBTOTAL

1.51%

SUBTOTAL

48.15%

Interest Rate Swaps

26.22%

Global Governments

12.60%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.28%

Non-Agency Fixed Rate

1.64%

Non-Agency Floating Rate

1.05%

SUBTOTAL

11.97%

Interest Rate Futures

8.82%

Emerging Markets - Treasuries

8.70%

Corporates - Investment Grade

Financial Institutions

Banking

1.34%

Insurance

1.21%

REITS

0.39%

Brokerage

0.08%

SUBTOTAL

3.02%

Industrial

Basic

0.96%

Technology

0.52%

Energy

0.46%

Communications - Telecommunications

0.26%

Capital Goods

0.25%

Communications - Media

0.22%

Consumer Cyclical - Automotive

0.13%

Consumer Cyclical - Other

0.08%

Services

0.06%

Transportation - Airlines

0.04%

Consumer Non-Cyclical

0.02%

SUBTOTAL

3.00%

Credit Default Swaps

0.89%

SUBTOTAL

0.89%

SUBTOTAL

6.91%

Emerging Markets - Sovereigns

6.89%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.10%

Non-Agency Fixed Rate CMBS

1.93%

Non-Agency Floating Rate CMBS

0.22%

SUBTOTAL

6.25%

Emerging Markets - Corporate Bonds

Industrial

Energy

1.06%

Consumer Non-Cyclical

0.86%

Basic

0.86%

Communications - Telecommunications

0.43%

Capital Goods

0.27%

Consumer Cyclical - Other

0.17%

Transportation - Services

0.15%

Consumer Cyclical - Retailers

0.07%

Other Industrial

0.06%

Technology

0.05%

Transportation - Airlines

0.04%

SUBTOTAL

4.02%

Financial Institutions

Banking

0.42%

Finance

0.05%

SUBTOTAL

0.47%

Utility

Electric

0.11%

SUBTOTAL

0.11%

SUBTOTAL

4.60%

Total Return Swaps

4.44%

Bank Loans

Industrial

Consumer Non-Cyclical

0.66%

Consumer Cyclical - Other

0.33%

Consumer Cyclical - Retailers

0.32%

Capital Goods

0.31%

Energy

0.25%

Technology

0.24%

Other Industrial

0.12%

Communications - Telecommunications

0.11%

Services

0.09%

Consumer Cyclical - Entertainment

0.08%

Basic

0.08%

Consumer Cyclical - Automotive

0.03%

Consumer Cyclical - Restaurants

0.02%

SUBTOTAL

2.64%

SUBTOTAL

2.64%

Common Stocks

1.62%

Asset-Backed Securities

Other ABS - Fixed Rate

0.70%

Home Equity Loans - Fixed Rate

0.55%

Home Equity Loans - Floating Rate

0.10%

Autos - Fixed Rate

0.06%

SUBTOTAL

1.41%

Preferred Stocks

Industrial

0.84%

Financial Institutions

0.30%

Utility

0.02%

SUBTOTAL

1.16%

Inflation-Linked Securities

0.73%

Local Governments - Regional Bonds

0.56%

Local Governments - US Municipal Bonds

0.45%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.28%

SUBTOTAL

0.28%

Whole Loan Trusts

Performing Asset

0.22%

SUBTOTAL

0.22%

Investment Companies

Funds and Investment Trusts

0.19%

SUBTOTAL

0.19%

Collateralized Loan Obligations

CLO - Floating Rate

0.13%

SUBTOTAL

0.13%

Warrants

0.02%

Options Purchased - Calls

Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Put Options Written

-0.10%

Currency Instruments

Forward Currency Exchange Contracts

-0.71%

SUBTOTAL

-0.71%

Reverse Repurchase Agreements

-6.51%

Net Cash Equivalents

Investment Companies

0.96%

Emerging Markets - Sovereigns

0.59%

Cash

0.22%

Governments - Treasuries

0.07%

SUBTOTAL

1.84%

Derivative Offsets

Futures Offsets

-9.00%

Swaps Offsets

-40.49%

SUBTOTAL

-49.49%

Total

100.00%

Country Breakdown

Portfolio %

United States

59.89%

Brazil

6.53%

Argentina

3.10%

Mexico

2.73%

Turkey

2.62%

United Kingdom

2.62%

Canada

1.71%

Luxembourg

1.68%

Indonesia

1.66%

France

1.25%

Dominican Republic

1.21%

Ireland

1.13%

Italy

1.01%

Egypt

0.86%

Spain

0.85%

Russia

0.81%

Switzerland

0.79%

Colombia

0.78%

Netherlands

0.66%

Sri Lanka

0.59%

Ivory Coast

0.53%

Ukraine

0.47%

Malaysia

0.47%

Zambia

0.42%

Cayman Islands

0.39%

Jamaica

0.39%

South Africa

0.35%

India

0.34%

United Arab Emirates

0.29%

Ecuador

0.27%

Gabon

0.25%

Germany

0.23%

Mongolia

0.19%

Venezuela

0.18%

Norway

0.17%

Guatemala

0.16%

Sweden

0.15%

Trinidad & Tobago

0.14%

El Salvador

0.14%

Bahrain

0.14%

Nigeria

0.12%

Macau

0.12%

Senegal

0.12%

Denmark

0.12%

Pakistan

0.12%

Israel

0.12%

Uruguay

0.12%

Cameroon

0.11%

Honduras

0.08%

Peru

0.08%

Angola

0.07%

Costa Rica

0.07%

Australia

0.07%

Singapore

0.07%

Chile

0.06%

Kenya

0.06%

Iraq

0.05%

Hong Kong

0.05%

Jordan

0.05%

Ethiopia

0.05%

Finland

0.05%

China

0.04%

Jersey (Channel Islands)

0.02%

Belarus

0.02%

Serbia

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

97.02%

Indonesian Rupiah

1.55%

Brazilian Real

1.10%

Chinese Yuan Renminbi

1.05%

Indian Rupee

1.00%

Argentine Peso

0.94%

Russian Rubles

0.73%

Egypt Pound

0.66%

Euro

0.66%

Polish Zloty

0.52%

Malaysian Ringgit

0.51%

Colombian Peso

0.50%

Sri Lankan Rupee

0.50%

Dominican Peso

0.46%

Swedish Krona

0.36%

New Turkish Lira

0.32%

South Korean Won

0.20%

South African Rand

0.14%

Uruguayan Peso

0.12%

Hong Kong Dollar

0.01%

Norwegian Krone

-0.11%

Swiss Franc

-0.33%

New Zealand Dollar

-0.42%

Mexican Peso

-0.58%

Canadian Dollar

-0.98%

Japanese Yen

-1.82%

Taiwan New Dollar

-2.04%

Israeli New Shekel

-2.07%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

7.41%

AA

0.81%

A

3.55%

BBB

16.86%

BB

32.96%

B

26.97%

CCC

7.05%

CC

0.74%

C

-0.04%

D

0.15%

Not Rated

5.73%

Short Term Investments

1.61%

Reverse Repurchase Agreements

-6.51%

N/A

2.71%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

2.28%

1 to 5 years

44.80%

5 to 10 years

36.89%

10 to 20 years

9.00%

20 to 30 years

4.64%

More Than 30 years

0.75%

Other

1.64%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.67%

Average Bond Price:

104.24

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

37.05%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

37.05%

Average Maturity:

6.99  Years

Effective Duration:

5.00  Years

Total Net Assets:

$1,206.16 Million

Net Asset Value:

$13.99

Number of Holdings:

1402

Portfolio Turnover:

48%

* 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-300603586.html

SOURCE AB Global High Income Fund, Inc.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Press Releases

Related Entities

Wachovia