Company Announcements

AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, March 29, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2021.

AB Global High Income Fund, Inc.


Top 10 Fixed-Income Holdings


Portfolio %

1) U.S. Treasury Notes  2.25%, 2/15/27 


1.83%

2) U.S. Treasury Notes  2.875%, 8/15/28 


1.29%

3) Argentine Republic Government International Bond  0.125%, 7/09/30 - 7/09/41 

0.78%

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

0.62%

5) Colombian TES Series B 10.00%, 7/24/24 

0.54%

6) Nigeria Government International Bond  7.625%, 11/21/25 - 11/28/47 

0.53%

7) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24 

0.49%

8) Oman Government International Bond  4.125%, 1/17/23 

0.39%

9) First Quantum Minerals Ltd.  7.25%, 4/01/23 

0.39%

10) Petroleos Mexicanos  5.95%, 1/28/31 


0.39%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


6.64%

Consumer Non-Cyclical


3.73%

Communications - Media


3.47%

Basic


2.90%

Consumer Cyclical - Automotive


2.49%

Consumer Cyclical - Other


2.44%

Capital Goods


2.30%

Services


2.15%

Consumer Cyclical - Retailers


2.05%

Technology


2.04%

Communications - Telecommunications


1.88%

Consumer Cyclical - Entertainment


1.83%

Transportation - Services


0.55%

Other Industrial


0.33%

Consumer Cyclical - Restaurants


0.17%

Transportation - Airlines


0.14%

SUBTOTAL


35.11%

Credit Default Swaps


26.50%

SUBTOTAL


26.50%

Financial Institutions



Banking


2.22%

Finance


1.17%

REITS


0.98%

Insurance


0.90%

Other Finance


0.44%

Brokerage


0.33%

SUBTOTAL


6.04%

Utility



Electric


0.55%

SUBTOTAL


0.55%

SUBTOTAL


68.20%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


10.73%

Credit Default Swaps


0.46%

SUBTOTAL


11.19%

Corporates - Investment Grade



Financial Institutions



Banking


4.34%

Insurance


1.43%

Finance


0.34%

REITS


0.24%

Other Finance


0.02%

SUBTOTAL


6.37%

Industrial



Basic


0.84%

Consumer Cyclical - Other


0.60%

Transportation - Airlines


0.58%

Energy


0.52%

Technology


0.26%

Capital Goods


0.20%

Other Industrial


0.19%

Consumer Cyclical - Automotive


0.11%

Consumer Non-Cyclical


0.06%

Consumer Cyclical - Retailers


0.06%

Communications - Media


0.05%

Services


0.04%

SUBTOTAL


3.51%

SUBTOTAL


9.88%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.65%

Non-Agency Fixed Rate


0.58%

Non-Agency Floating Rate


0.49%

Agency Fixed Rate


0.44%

SUBTOTAL


9.16%

Interest Rate Futures


8.48%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.29%

Non-Agency Fixed Rate CMBS


1.25%

Non-Agency Floating Rate CMBS


0.09%

SUBTOTAL


5.63%

Bank Loans



Industrial



Consumer Non-Cyclical


1.07%

Technology


0.98%

Services


0.55%

Consumer Cyclical - Other


0.48%

Capital Goods


0.47%

Communications - Media


0.31%

Consumer Cyclical - Retailers


0.30%

Communications - Telecommunications


0.29%

Energy


0.27%

Other Industrial


0.26%

Consumer Cyclical - Restaurants


0.11%

Consumer Cyclical - Entertainment


0.08%

Consumer Cyclical - Automotive


0.08%

Transportation - Airlines


0.02%

SUBTOTAL


5.27%

Utility



Electric


0.18%

SUBTOTAL


0.18%

Financial Institutions



Insurance


0.13%

SUBTOTAL


0.13%

SUBTOTAL


5.58%

Global Governments


5.47%

Emerging Markets - Corporate Bonds



Industrial



Basic


1.74%

Energy


0.83%

Consumer Cyclical - Other


0.60%

Consumer Non-Cyclical


0.42%

Communications - Telecommunications


0.32%

Capital Goods


0.23%

Communications - Media


0.08%

Transportation - Services


0.04%

SUBTOTAL


4.26%

Utility



Electric


0.38%

SUBTOTAL


0.38%

Financial Institutions



Banking


0.06%

Other Finance


0.04%

Insurance


0.04%

Finance


0.02%

SUBTOTAL


0.16%

SUBTOTAL


4.80%

Interest Rate Swaps


2.75%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.59%

SUBTOTAL


1.59%

Common Stocks


1.55%

Collateralized Loan Obligations



CLO - Floating Rate


1.46%

SUBTOTAL


1.46%

Total Return Swaps


0.99%

Asset-Backed Securities



Other ABS - Fixed Rate


0.43%

Autos - Fixed Rate


0.27%

Home Equity Loans - Fixed Rate


0.25%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


0.96%

Preferred Stocks



Industrial


0.28%

Financial Institutions


0.23%

SUBTOTAL


0.51%

Investment Companies



Funds and Investment Trusts


0.49%

SUBTOTAL


0.49%

Local Governments - US Municipal Bonds


0.33%

Inflation-Linked Securities


0.24%

Emerging Markets - Treasuries


0.22%

Currency Instruments



Forward Currency Exchange Contracts


0.08%

SUBTOTAL


0.08%

Warrants


0.08%

Equity Futures



Equity Index Futures


-0.07%

SUBTOTAL


-0.07%

Reverse Repurchase Agreements


-0.16%

Net Cash Equivalents



Investment Companies


4.06%

Governments - Treasuries


0.34%

Foreign Currency


-0.02%

Cash


-0.19%

SUBTOTAL


4.19%

Derivative Offsets



Futures Offsets


-8.50%

Swaps Offsets


-35.10%

SUBTOTAL


-43.60%

Total


100.00%




Country Breakdown


Portfolio %

United States


67.43%

United Kingdom


2.70%

Brazil


2.62%

Mexico


1.99%

Canada


1.78%

Egypt


1.36%

Luxembourg


1.09%

Colombia


1.07%

Cayman Islands


1.00%

Dominican Republic


0.98%

Switzerland


0.86%

Argentina


0.82%

Nigeria


0.81%

Ukraine


0.79%

Italy


0.76%

France


0.74%

Bahrain


0.73%

Russia


0.65%

Ivory Coast


0.62%

Spain


0.60%

Oman


0.59%

Zambia


0.53%

Kenya


0.50%

Sweden


0.47%

Netherlands


0.46%

Gabon


0.43%

Ghana


0.43%

Angola


0.42%

South Africa


0.40%

Turkey


0.40%

Finland


0.39%

Senegal


0.39%

Macau


0.37%

Germany


0.34%

El Salvador


0.31%

Costa Rica


0.30%

Peru


0.28%

Jersey (Channel Islands)


0.28%

Denmark


0.26%

Indonesia


0.25%

Honduras


0.25%

Jamaica


0.23%

Ecuador


0.23%

Hong Kong


0.23%

Israel


0.22%

India


0.21%

Chile


0.18%

Mongolia


0.17%

Ireland


0.14%

Australia


0.13%

Japan


0.11%

Bermuda


0.11%

Venezuela


0.07%

Kazakhstan


0.07%

Jordan


0.06%

Guatemala


0.06%

United Arab Emirates


0.06%

Iraq


0.05%

Morocco


0.05%

Kuwait


0.04%

Lebanon


0.03%

China


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


98.19%

Brazilian Real


0.49%

Russian Rubles


0.48%

South African Rand


0.48%

Egypt Pound


0.42%

Mexican Peso


0.23%

New Turkish Lira


0.22%

Canadian Dollar


0.04%

Great British Pound


0.04%

Nigerian Naira


0.02%

Argentine Peso


0.01%

Chinese Yuan Renminbi (Offshore)


0.01%

Malaysian Ringgit


0.01%

Norwegian Krone


0.01%

Taiwan New Dollar


0.01%

Swiss Franc


-0.01%

South Korean Won


-0.01%

Singapore Dollar


-0.01%

Colombian Peso


-0.11%

Euro


-0.52%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


3.95%

AA


0.83%

A


0.82%

BBB


16.45%

BB


28.53%

B


25.94%

CCC


9.75%

CC


0.28%

C


0.10%

D


0.75%

Not Rated


5.59%

Short Term Investments


4.40%

Reverse Repurchase Agreements


-0.16%

N/A


2.77%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


9.28%

1 to 5 years


57.02%

5 to 10 years


21.44%

10 to 20 years


6.17%

20 to 30 years


3.57%

More Than 30 years


0.89%

Other


1.63%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.35%

Average Bond Price:


103.71

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


40.87%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


40.87%

Average Maturity:


5.69  Years

Effective Duration:


4.46  Years

Total Net Assets:


$1,110.13 Million

Net Asset Value:


$12.87

Number of Holdings:


1687

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.

Cision View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301257835.html

SOURCE AB Global High Income Fund, Inc.