AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 28, 2019 /PRNewswire/ -- AB Global High Income Fund, Inc. [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of September 30,2019.

AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27		2.42%
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21		2.26%
3) Indonesia Treasury Bond Series FR77 8.125%, 5/15/24		1.90%
4) U.S. Treasury Notes  2.875%, 8/15/28		1.71%
5) U.S. Treasury Bonds  6.25%, 5/15/30		0.74%
6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29		0.66%
7) U.S. Treasury Bonds  5.25%, 2/15/29		0.62%
8) Dominican Republic International Bond  8.625%, 4/20/27		0.60%
9) Ukraine Government International Bond  7.75%, 9/01/21 - 9/01/24		0.57%
10) Colombian TES Series B 10.00%, 7/24/24		0.55%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Credit Default Swaps		24.87%
SUBTOTAL		24.87%
Industrial
Communications - Media		3.16%
Energy		3.08%
Communications - Telecommunications		2.88%
Consumer Non-Cyclical		2.81%
Basic		2.68%
Consumer Cyclical - Other		1.95%
Consumer Cyclical - Automotive		1.76%
Capital Goods		1.61%
Services		1.22%
Technology		1.09%
Consumer Cyclical - Retailers		0.76%
Transportation - Services		0.72%
Consumer Cyclical - Entertainment		0.23%
Other Industrial		0.23%
Consumer Cyclical - Restaurants		0.18%
SUBTOTAL		24.36%
Financial Institutions
Banking		3.06%
Finance		1.01%
Other Finance		0.69%
Insurance		0.65%
REITS		0.51%
Brokerage		0.14%
SUBTOTAL		6.06%
Utility
Electric		0.82%
SUBTOTAL		0.82%
SUBTOTAL		56.11%
Global Governments		11.51%
Emerging Markets - Sovereigns
Credit Default Swaps		0.76%
Collateralized Mortgage Obligations
Risk Share Floating Rate		7.44%
Non-Agency Fixed Rate		0.75%
Non-Agency Floating Rate		0.68%
Agency Fixed Rate		0.63%
SUBTOTAL		9.50%
Corporates - Investment Grade
Financial Institutions
Banking		3.00%
Insurance		1.96%
REITS		0.57%
SUBTOTAL		5.53%
Industrial
Consumer Cyclical - Other		0.64%
Technology		0.59%
Energy		0.51%
Basic		0.48%
Communications - Telecommunications		0.37%
Consumer Non-Cyclical		0.31%
Capital Goods		0.19%
Consumer Cyclical - Automotive		0.18%
Other Industrial		0.15%
Consumer Cyclical - Entertainment		0.13%
Communications - Media		0.12%
Services		0.07%
Transportation - Airlines		0.01%
SUBTOTAL		3.75%
SUBTOTAL		9.28%
Commercial Mortgage-Backed Securities
Credit Default Swaps		6.28%
Non-Agency Fixed Rate CMBS		1.79%
Non-Agency Floating Rate CMBS		0.19%
SUBTOTAL		8.26%
Interest Rate Futures		6.24%
Bank Loans
Industrial
Consumer Non-Cyclical		1.31%
Capital Goods		0.64%
Technology		0.49%
Services		0.46%
Energy		0.40%
Consumer Cyclical - Retailers		0.23%
Consumer Cyclical - Other		0.22%
Consumer Cyclical - Restaurants		0.11%
Communications - Media		0.10%
Communications - Telecommunications		0.10%
Other Industrial		0.09%
Consumer Cyclical - Entertainment		0.08%
Consumer Cyclical - Automotive		0.03%
SUBTOTAL		4.26%
Financial Institutions
Insurance		0.12%
Finance		0.10%
SUBTOTAL		0.22%
SUBTOTAL		4.48%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical		0.85%
Basic		0.78%
Consumer Cyclical - Other		0.36%
Energy		0.35%
Communications - Telecommunications		0.30%
Other Industrial		0.09%
Capital Goods		0.09%
Transportation - Services		0.04%
Consumer Cyclical - Retailers		0.04%
Transportation - Airlines		0.02%
SUBTOTAL		2.92%
Financial Institutions
Banking		0.16%
REITS		0.14%
Finance		0.05%
Insurance		0.01%
SUBTOTAL		0.36%
Utility
Electric		0.23%
SUBTOTAL		0.23%
SUBTOTAL		3.51%
Emerging Markets - Treasuries		2.34%
Common Stocks		1.68%
Asset-Backed Securities
Other ABS - Fixed Rate		0.73%
Home Equity Loans - Fixed Rate		0.32%
Autos - Fixed Rate		0.19%
Home Equity Loans - Floating Rate		0.01%
SUBTOTAL		1.25%
Total Return Swaps		0.85%
Investment Companies
Funds and Investment Trusts		0.49%
SUBTOTAL		0.49%
Local Governments - US Municipal Bonds		0.49%
Quasi-Sovereigns
Quasi-Sovereign Bonds		0.48%
SUBTOTAL		0.48%
Preferred Stocks
Financial Institutions		0.29%
Utility		0.02%
SUBTOTAL		0.31%
Inflation-Linked Securities		0.25%
Currency Instruments
Forward Currency Exchange Contracts		0.14%
SUBTOTAL		0.14%
Collateralized Loan Obligations
CLO - Floating Rate		0.08%
SUBTOTAL		0.08%
Local Governments - Regional Bonds		0.06%
Warrants		0.02%
Whole Loan Trusts
Performing Asset		0.02%
SUBTOTAL		0.02%
Put Options Written		-0.01%
Reverse Repurchase Agreements		-0.63%
Net Cash Equivalents
Investment Companies		8.11%
U.S. Treasury Bills		2.64%
Cash		1.22%
Governments - Treasuries		0.60%
Commercial Paper		0.16%
SUBTOTAL		12.73%
Derivative Offsets
Futures Offsets		-6.27%
Swaps Offsets		-32.78%
SUBTOTAL		-39.05%
Total		100.00%
Country Breakdown		Portfolio %
United States		66.06%
Brazil		3.84%
Indonesia		3.03%
United Kingdom		2.06%
Canada		1.55%
France		1.44%
Luxembourg		1.41%
Netherlands		1.27%
Egypt		1.10%
Italy		0.97%
Colombia		0.92%
Dominican Republic		0.89%
Switzerland		0.86%
Nigeria		0.86%
Spain		0.85%
Turkey		0.82%
Argentina		0.78%
Russia		0.74%
Mexico		0.65%
Ireland		0.62%
Ukraine		0.57%
Ecuador		0.47%
Bahrain		0.47%
Kenya		0.47%
Oman		0.44%
Ivory Coast		0.44%
Sri Lanka		0.41%
Zambia		0.36%
Finland		0.35%
India		0.32%
Angola		0.31%
United Arab Emirates		0.31%
Mongolia		0.29%
Gabon		0.27%
Honduras		0.27%
Sweden		0.26%
Bermuda		0.25%
Senegal		0.25%
Lebanon		0.22%
Norway		0.19%
South Africa		0.19%
China		0.18%
Denmark		0.16%
Hong Kong		0.16%
Jamaica		0.16%
Germany		0.16%
Macau		0.16%
El Salvador		0.16%
Cayman Islands		0.14%
Cameroon		0.12%
Australia		0.10%
Ghana		0.09%
Virgin Islands (BVI)		0.09%
Peru		0.09%
Trinidad & Tobago		0.08%
Venezuela		0.07%
Kazakhstan		0.07%
Iraq		0.06%
Jordan		0.06%
Jersey (Channel Islands)		0.02%
Pakistan		0.02%
Chile		0.02%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		95.84%
Brazilian Real		2.27%
Japanese Yen		0.83%
Egypt Pound		0.52%
Russian Rubles		0.49%
Indian Rupee		0.30%
Nigerian Naira		0.24%
Argentine Peso		0.05%
Canadian Dollar		0.05%
Colombian Peso		0.04%
Mexican Peso		0.02%
Swiss Franc		0.01%
Great British Pound		0.01%
South Korean Won		0.01%
New Turkish Lira		0.01%
Taiwan New Dollar		0.01%
South African Rand		0.01%
Norwegian Krone		-0.01%
Indonesian Rupiah		-0.04%
Euro		-0.66%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		6.70%
AA		1.33%
A		1.90%
BBB		16.85%
BB		25.00%
B		20.95%
CCC		6.11%
CC		0.25%
C		0.12%
D		0.01%
Not Rated		5.36%
Short Term Investments		11.52%
Reverse Repurchase Agreements		-0.63%
N/A		4.53%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		19.26%
1 to 5 years		44.16%
5 to 10 years		26.74%
10 to 20 years		5.51%
20 to 30 years		2.42%
More Than 30 years		0.21%
Other		1.70%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.27%
Average Bond Price:		103.17
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		43.35%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		43.35%
Average Maturity:		4.96  Years
Effective Duration:		3.66  Years
Total Net Assets:		$1,135.44 Million
Net Asset Value:		$13.16
Number of Holdings:		1370
Portfolio Turnover:		40%
* 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.

 

 

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SOURCE AB Global High Income Fund, Inc.

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