NEW YORK, Jan. 25, 2021 /PRNewswire/ — AB Global High Income Fund, Inc.[NYSE: AWF] (the «Fund») today released its monthly portfolio update as of December 31,2020.
AB Global High Income Fund, Inc.
|
Top 10 Fixed-Income Holdings |
Portfolio % |
|
|
1) U.S. Treasury Notes 2.25%, 2/15/27 |
2.31% |
|
|
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23 |
1.83% |
|
|
3) U.S. Treasury Notes 2.875%, 8/15/28 |
1.45% |
|
|
4) Argentine Republic Government International Bond 0.125%, 7/09/30 – 7/09/41 |
0.87% |
|
|
5) Dominican Republic International Bond 8.625%, 4/20/27 |
0.65% |
|
|
6) Colombian TES Series B 10.00%, 7/24/24 |
0.58% |
|
|
7) Nigeria Government International Bond 7.625%, 11/21/25 – 11/28/47 |
0.53% |
|
|
8) Ukraine Government International Bond 7.75%, 9/01/22 – 9/01/24 |
0.50% |
|
|
9) U.S. Treasury Bonds 5.25%, 2/15/29 |
0.40% |
|
|
10) First Quantum Minerals Ltd. 7.25%, 4/01/23 |
0.39% |
|
|
Investment Type |
Portfolio % |
|
|
Corporates – Non-Investment Grade |
||
|
Industrial |
||
|
Energy |
4.77% |
|
|
Communications – Media |
3.59% |
|
|
Consumer Non-Cyclical |
3.54% |
|
|
Basic |
2.64% |
|
|
Consumer Cyclical – Automotive |
2.62% |
|
|
Capital Goods |
2.50% |
|
|
Consumer Cyclical – Other |
2.48% |
|
|
Services |
2.30% |
|
|
Technology |
2.17% |
|
|
Communications – Telecommunications |
2.01% |
|
|
Consumer Cyclical – Retailers |
1.79% |
|
|
Consumer Cyclical – Entertainment |
1.75% |
|
|
Transportation – Services |
0.47% |
|
|
Other Industrial |
0.33% |
|
|
Consumer Cyclical – Restaurants |
0.29% |
|
|
Transportation – Airlines |
0.19% |
|
|
SUBTOTAL |
33.44% |
|
|
Credit Default Swaps |
26.60% |
|
|
SUBTOTAL |
26.60% |
|
|
Financial Institutions |
||
|
Banking |
2.30% |
|
|
Finance |
0.97% |
|
|
Insurance |
0.90% |
|
|
REITS |
0.86% |
|
|
Brokerage |
0.47% |
|
|
Other Finance |
0.44% |
|
|
SUBTOTAL |
5.94% |
|
|
Utility |
||
|
Electric |
0.60% |
|
|
SUBTOTAL |
0.60% |
|
|
SUBTOTAL |
66.58% |
|
|
Corporates – Investment Grade |
||
|
Financial Institutions |
||
|
Banking |
4.65% |
|
|
Insurance |
1.90% |
|
|
Finance |
0.74% |
|
|
REITS |
0.42% |
|
|
Other Finance |
0.02% |
|
|
SUBTOTAL |
7.73% |
|
|
Industrial |
||
|
Energy |
0.96% |
|
|
Consumer Cyclical – Other |
0.91% |
|
|
Basic |
0.83% |
|
|
Transportation – Airlines |
0.56% |
|
|
Consumer Cyclical – Automotive |
0.40% |
|
|
Consumer Non-Cyclical |
0.39% |
|
|
Technology |
0.28% |
|
|
Capital Goods |
0.19% |
|
|
Other Industrial |
0.19% |
|
|
Services |
0.12% |
|
|
Communications – Media |
0.07% |
|
|
Consumer Cyclical – Retailers |
0.05% |
|
|
SUBTOTAL |
4.95% |
|
|
SUBTOTAL |
12.68% |
|
|
Emerging Markets – Sovereigns |
||
|
Emerging Markets – Sovereigns |
10.91% |
|
|
Credit Default Swaps |
0.46% |
|
|
SUBTOTAL |
11.37% |
|
|
Collateralized Mortgage Obligations |
||
|
Risk Share Floating Rate |
7.87% |
|
|
Non-Agency Fixed Rate |
0.59% |
|
|
Non-Agency Floating Rate |
0.49% |
|
|
Agency Fixed Rate |
0.45% |
|
|
SUBTOTAL |
9.40% |
|
|
Global Governments |
6.51% |
|
|
Commercial Mortgage-Backed Securities |
||
|
Credit Default Swaps |
4.82% |
|
|
Non-Agency Fixed Rate CMBS |
1.20% |
|
|
Non-Agency Floating Rate CMBS |
0.09% |
|
|
SUBTOTAL |
6.11% |
|
|
Interest Rate Futures |
5.29% |
|
|
Bank Loans |
||
|
Industrial |
||
|
Consumer Non-Cyclical |
1.10% |
|
|
Technology |
0.73% |
|
|
Services |
0.57% |
|
|
Capital Goods |
0.53% |
|
|
Consumer Cyclical – Other |
0.47% |
|
|
Communications – Media |
0.31% |
|
|
Communications – Telecommunications |
0.29% |
|
|
Other Industrial |
0.25% |
|
|
Consumer Cyclical – Retailers |
0.16% |
|
|
Consumer Cyclical – Restaurants |
0.11% |
|
|
Consumer Cyclical – Entertainment |
0.08% |
|
|
Consumer Cyclical – Automotive |
0.07% |
|
|
Basic |
0.05% |
|
|
Energy |
0.05% |
|
|
Transportation – Airlines |
0.02% |
|
|
SUBTOTAL |
4.79% |
|
|
Utility |
||
|
Electric |
0.18% |
|
|
SUBTOTAL |
0.18% |
|
|
Financial Institutions |
||
|
Insurance |
0.12% |
|
|
SUBTOTAL |
0.12% |
|
|
SUBTOTAL |
5.09% |
|
|
Emerging Markets – Corporate Bonds |
||
|
Industrial |
||
|
Basic |
1.67% |
|
|
Energy |
0.79% |
|
|
Consumer Cyclical – Other |
0.54% |
|
|
Consumer Non-Cyclical |
0.43% |
|
|
Capital Goods |
0.24% |
|
|
Communications – Telecommunications |
0.23% |
|
|
Communications – Media |
0.08% |
|
|
Transportation – Services |
0.04% |
|
|
SUBTOTAL |
4.02% |
|
|
Utility |
||
|
Electric |
0.38% |
|
|
SUBTOTAL |
0.38% |
|
|
Financial Institutions |
||
|
Insurance |
0.07% |
|
|
Banking |
0.05% |
|
|
Finance |
0.02% |
|
|
SUBTOTAL |
0.14% |
|
|
SUBTOTAL |
4.54% |
|
|
Emerging Markets – Treasuries |
1.83% |
|
|
Common Stocks |
1.45% |
|
|
Collateralized Loan Obligations |
||
|
CLO – Floating Rate |
1.43% |
|
|
SUBTOTAL |
1.43% |
|
|
Quasi-Sovereigns |
||
|
Quasi-Sovereign Bonds |
1.39% |
|
|
SUBTOTAL |
1.39% |
|
|
Total Return Swaps |
0.98% |
|
|
Asset-Backed Securities |
||
|
Other ABS – Fixed Rate |
0.44% |
|
|
Autos – Fixed Rate |
0.27% |
|
|
Home Equity Loans – Fixed Rate |
0.25% |
|
|
Home Equity Loans – Floating Rate |
0.01% |
|
|
SUBTOTAL |
0.97% |
|
|
Investment Companies |
||
|
Funds and Investment Trusts |
0.51% |
|
|
SUBTOTAL |
0.51% |
|
|
Preferred Stocks |
||
|
Financial Institutions |
0.23% |
|
|
Industrial |
0.10% |
|
|
SUBTOTAL |
0.33% |
|
|
Local Governments – US Municipal Bonds |
0.32% |
|
|
Inflation-Linked Securities |
0.26% |
|
|
Warrants |
0.04% |
|
|
Reverse Repurchase Agreements |
-0.06% |
|
|
Equity Futures |
||
|
Equity Index Futures |
-0.10% |
|
|
SUBTOTAL |
-0.10% |
|
|
Currency Instruments |
||
|
Forward Currency Exchange Contracts |
-0.24% |
|
|
SUBTOTAL |
-0.24% |
|
|
Net Cash Equivalents |
||
|
Investment Companies |
0.66% |
|
|
Cash |
0.36% |
|
|
Governments – Treasuries |
0.33% |
|
|
Foreign Currency |
-0.02% |
|
|
SUBTOTAL |
1.33% |
|
|
Derivative Offsets |
||
|
Futures Offsets |
-5.24% |
|
|
Swaps Offsets |
-32.77% |
|
|
SUBTOTAL |
-38.01% |
|
|
Total |
100.00% |
|
|
Country Breakdown |
Portfolio % |
|
|
United States |
64.50% |
|
|
Brazil |
4.49% |
|
|
United Kingdom |
2.63% |
|
|
Canada |
1.86% |
|
|
Mexico |
1.81% |
|
|
Egypt |
1.39% |
|
|
Colombia |
1.15% |
|
|
France |
1.07% |
|
|
Luxembourg |
1.06% |
|
|
Dominican Republic |
1.04% |
|
|
Cayman Islands |
0.98% |
|
|
Italy |
0.97% |
|
|
Argentina |
0.92% |
|
|
Netherlands |
0.88% |
|
|
Switzerland |
0.86% |
|
|
Nigeria |
0.85% |
|
|
Ukraine |
0.82% |
|
|
Bahrain |
0.74% |
|
|
Russia |
0.67% |
|
|
Ivory Coast |
0.64% |
|
|
Spain |
0.60% |
|
|
Zambia |
0.53% |
|
|
Kenya |
0.49% |
|
|
Ireland |
0.49% |
|
|
Oman |
0.45% |
|
|
Gabon |
0.45% |
|
|
South Africa |
0.43% |
|
|
Senegal |
0.42% |
|
|
Angola |
0.41% |
|
|
Bermuda |
0.41% |
|
|
Finland |
0.39% |
|
|
Ghana |
0.39% |
|
|
Sweden |
0.37% |
|
|
Macau |
0.31% |
|
|
El Salvador |
0.30% |
|
|
Costa Rica |
0.28% |
|
|
Jersey (Channel Islands) |
0.27% |
|
|
Ecuador |
0.27% |
|
|
Denmark |
0.26% |
|
|
Honduras |
0.25% |
|
|
Indonesia |
0.25% |
|
|
Peru |
0.25% |
|
|
Germany |
0.25% |
|
|
Hong Kong |
0.23% |
|
|
Israel |
0.22% |
|
|
India |
0.20% |
|
|
Turkey |
0.18% |
|
|
Chile |
0.18% |
|
|
Mongolia |
0.16% |
|
|
Jamaica |
0.14% |
|
|
Australia |
0.13% |
|
|
Japan |
0.11% |
|
|
Kazakhstan |
0.07% |
|
|
Venezuela |
0.07% |
|
|
Guatemala |
0.06% |
|
|
Jordan |
0.06% |
|
|
United Arab Emirates |
0.06% |
|
|
Iraq |
0.06% |
|
|
Morocco |
0.05% |
|
|
Kuwait |
0.04% |
|
|
China |
0.03% |
|
|
Lebanon |
0.03% |
|
|
Sri Lanka |
0.02% |
|
|
Pakistan |
0.02% |
|
|
Belgium |
0.02% |
|
|
Norway |
0.01% |
|
|
Total Investments |
100.00% |
|
|
Net Currency Exposure Breakdown |
Portfolio % |
|
|
United States Dollar |
98.34% |
|
|
South African Rand |
0.49% |
|
|
Brazilian Real |
0.42% |
|
|
Egypt Pound |
0.41% |
|
|
Indonesian Rupiah |
0.25% |
|
|
Euro |
0.11% |
|
|
Great British Pound |
0.05% |
|
|
Canadian Dollar |
0.03% |
|
|
Argentine Peso |
0.02% |
|
|
Nigerian Naira |
0.02% |
|
|
Indian Rupee |
0.01% |
|
|
Mexican Peso |
0.01% |
|
|
Malaysian Ringgit |
0.01% |
|
|
Norwegian Krone |
0.01% |
|
|
Taiwan New Dollar |
0.01% |
|
|
Swiss Franc |
-0.01% |
|
|
Chilean Peso |
-0.01% |
|
|
Russian Rubles |
-0.06% |
|
|
Colombian Peso |
-0.11% |
|
|
Total Net Assets |
100.00% |
|
|
Credit Rating |
Portfolio % |
|
|
AAA |
5.48% |
|
|
AA |
0.91% |
|
|
A |
0.83% |
|
|
BBB |
19.02% |
|
|
BB |
28.95% |
|
|
B |
25.39% |
|
|
CCC |
9.16% |
|
|
CC |
0.47% |
|
|
C |
0.11% |
|
|
D |
0.62% |
|
|
Not Rated |
5.49% |
|
|
Short Term Investments |
0.99% |
|
|
Reverse Repurchase Agreements |
-0.06% |
|
|
N/A |
2.64% |
|
|
Total |
100.00% |
|
|
Bonds By Maturity |
Portfolio % |
|
|
Less than 1 year |
6.70% |
|
|
1 to 5 years |
59.21% |
|
|
5 to 10 years |
21.49% |
|
|
10 to 20 years |
6.69% |
|
|
20 to 30 years |
3.95% |
|
|
More Than 30 years |
0.47% |
|
|
Other |
1.49% |
|
|
Total Net Assets |
100.00% |
|
|
Portfolio Statistics: |
||
|
Average Coupon: |
7.58% |
|
|
Average Bond Price: |
105.48 |
|
|
Percentage of Leverage(based on gross assets): |
||
|
Bank Borrowing: |
0.00% |
|
|
Investment Operations: |
40.58% |
|
|
Preferred stock: |
0.00% |
|
|
Tender Option Bonds: |
0.00% |
|
|
VMTP Shares: |
0.00% |
|
|
Total Fund Leverage: |
40.58% |
|
|
Average Maturity: |
5.45 Years |
|
|
Effective Duration: |
4.30 Years |
|
|
Total Net Assets: |
$1,120.52 Million |
|
|
Net Asset Value: |
$12.99 |
|
|
Number of Holdings: |
1718 |
|
|
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.
View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301214443.html
SOURCE AllianceBernstein Global High Income Fund, Inc.
