PR Newswire
NEW YORK , Dec. 28, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2021 .
AB Global High Income Fund, Inc. | | |
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Top 10 Fixed-Income Holdings | | Portfolio % |
1) U.S. Treasury Notes 2.25%, 2/15/27 | | 1.62% |
2) U.S. Treasury Notes 2.875%, 8/15/28 | | 1.14% |
3) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 - 6/01/33 | 0.70% | |
4) Dominican Republic International Bond 8.625%, 4/20/27 | 0.62% | |
5) Altice France SA/France 5.125%, 7/15/29 | | 0.55% |
6) Sirius XM Radio, Inc. 4.00%, 7/15/28 | | 0.51% |
7) Altice Financing SA 5.75%, 8/15/29 | | 0.50% |
8) Royal Caribbean Cruises Ltd. 5.50%, 8/31/26 - 4/01/28 | 0.48% | |
9) Vistra Operations Co. LLC 4.375%, 5/01/29 | 0.46% | |
10) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47 | 0.44% | |
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Investment Type | | Portfolio % |
Corporates - Non-Investment Grade | | |
Industrial | | |
Energy | | 7.18% |
Consumer Non-Cyclical | | 6.67% |
Communications - Media | | 5.61% |
Services | | 3.34% |
Basic | | 3.33% |
Communications - Telecommunications | | 3.16% |
Consumer Cyclical - Other | | 2.98% |
Consumer Cyclical - Automotive | | 2.83% |
Capital Goods | | 2.48% |
Technology | | 2.47% |
Consumer Cyclical - Retailers | | 2.42% |
Consumer Cyclical - Entertainment | | 2.36% |
Transportation - Services | | 0.78% |
Consumer Cyclical - Restaurants | | 0.60% |
Transportation - Airlines | | 0.32% |
Other Industrial | | 0.19% |
SUBTOTAL | | 46.72% |
Credit Default Swaps | | 20.32% |
SUBTOTAL | | 20.32% |
Financial Institutions | | |
Banking | | 2.31% |
Finance | | 1.76% |
Insurance | | 1.44% |
REITs | | 1.26% |
Brokerage | | 0.48% |
Other Finance | | 0.42% |
SUBTOTAL | | 7.67% |
Utility | | |
Electric | | 1.32% |
SUBTOTAL | | 1.32% |
SUBTOTAL | | 76.03% |
Corporates - Investment Grade | | |
Financial Institutions | | |
Banking | | 3.43% |
Insurance | | 0.94% |
Finance | | 0.67% |
REITs | | 0.24% |
Brokerage | | 0.11% |
Other Finance | | 0.02% |
SUBTOTAL | | 5.41% |
Industrial | | |
Basic | | 0.92% |
Energy | | 0.54% |
Transportation - Airlines | | 0.44% |
Consumer Cyclical - Other | | 0.44% |
Technology | | 0.27% |
Consumer Non-Cyclical | | 0.23% |
Communications - Telecommunications | | 0.22% |
Capital Goods | | 0.21% |
Other Industrial | | 0.15% |
Consumer Cyclical - Automotive | | 0.11% |
Communications - Media | | 0.10% |
Services | | 0.04% |
Consumer Cyclical - Retailers | | 0.03% |
SUBTOTAL | | 3.70% |
Utility | | |
Electric | | 0.01% |
SUBTOTAL | | 0.01% |
SUBTOTAL | | 9.12% |
Collateralized Mortgage Obligations | | |
Risk Share Floating Rate | | 5.59% |
Non-Agency Fixed Rate | | 0.49% |
Non-Agency Floating Rate | | 0.40% |
Agency Fixed Rate | | 0.36% |
SUBTOTAL | | 6.84% |
Emerging Markets - Sovereigns | | |
Emerging Markets - Sovereigns | | 6.38% |
Credit Default Swaps | | 0.23% |
SUBTOTAL | | 6.61% |
Emerging Markets - Corporate Bonds | | |
Industrial | | |
Basic | | 1.51% |
Energy | | 0.78% |
Consumer Cyclical - Other | | 0.58% |
Capital Goods | | 0.41% |
Consumer Non-Cyclical | | 0.40% |
Communications - Telecommunications | | 0.34% |
Technology | | 0.14% |
Services | | 0.06% |
Communications - Media | | 0.04% |
SUBTOTAL | | 4.26% |
Financial Institutions | | |
REITs | | 0.51% |
Banking | | 0.05% |
Insurance | | 0.04% |
Finance | | 0.02% |
Other Finance | | 0.01% |
SUBTOTAL | | 0.63% |
Utility | | |
Electric | | 0.38% |
SUBTOTAL | | 0.38% |
SUBTOTAL | | 5.27% |
Commercial Mortgage-Backed Securities | | |
Credit Default Swaps | | 4.19% |
Non-Agency Fixed Rate CMBS | | 1.06% |
Non-Agency Floating Rate CMBS | | 0.02% |
SUBTOTAL | | 5.27% |
Interest Rate Futures | | 5.05% |
Bank Loans | | |
Industrial | | |
Technology | | 0.86% |
Consumer Non-Cyclical | | 0.77% |
Communications - Telecommunications | | 0.71% |
Capital Goods | | 0.57% |
Energy | | 0.40% |
Other Industrial | | 0.29% |
Consumer Cyclical - Retailers | | 0.25% |
Communications - Media | | 0.22% |
Consumer Cyclical - Other | | 0.20% |
Services | | 0.16% |
Consumer Cyclical - Restaurants | | 0.08% |
Consumer Cyclical - Automotive | | 0.04% |
SUBTOTAL | | 4.55% |
Financial Institutions | | |
Insurance | | 0.22% |
Finance | | 0.02% |
SUBTOTAL | | 0.24% |
Utility | | |
Electric | | 0.23% |
SUBTOTAL | | 0.23% |
SUBTOTAL | | 5.02% |
Global Governments | | 3.59% |
Collateralized Loan Obligations | | |
CLO - Floating Rate | | 2.79% |
SUBTOTAL | | 2.79% |
Common Stocks | | 1.81% |
Quasi-Sovereigns | | |
Quasi-Sovereign Bonds | | 1.10% |
SUBTOTAL | | 1.10% |
Total Return Swaps | | 0.89% |
Local Governments - US Municipal Bonds | | 0.48% |
Preferred Stocks | | |
Industrial | | 0.37% |
Financial Institutions | | 0.10% |
SUBTOTAL | | 0.47% |
Asset-Backed Securities | | |
Other ABS - Fixed Rate | | 0.23% |
Autos - Fixed Rate | | 0.07% |
Home Equity Loans - Fixed Rate | | 0.05% |
SUBTOTAL | | 0.35% |
Inflation-Linked Securities | | 0.22% |
Currency Instruments | | |
Forward Currency Exchange Contracts | | 0.10% |
SUBTOTAL | | 0.10% |
Warrants | | 0.07% |
Reverse Repurchase Agreements | | -0.41% |
Net Cash Equivalents | | |
Investment Companies | | 1.67% |
Cash | | 0.11% |
Foreign Currency | | -0.02% |
SUBTOTAL | | 1.76% |
Derivative Offsets | | |
Futures Offsets | | -4.91% |
Swaps Offsets | | -27.52% |
SUBTOTAL | | -32.43% |
Total | | 100.00% |
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Country Breakdown | | Portfolio % |
United States | | 72.19% |
United Kingdom | | 3.26% |
Canada | | 2.12% |
France | | 1.63% |
Luxembourg | | 1.53% |
Brazil | | 1.30% |
Spain | | 1.17% |
Mexico | | 1.13% |
Nigeria | | 0.81% |
China | | 0.74% |
Germany | | 0.72% |
Ukraine | | 0.67% |
Egypt | | 0.67% |
Argentina | | 0.67% |
Bahrain | | 0.66% |
Switzerland | | 0.65% |
Dominican Republic | | 0.62% |
Colombia | | 0.55% |
Italy | | 0.54% |
Zambia | | 0.53% |
Ivory Coast | | 0.52% |
Finland | | 0.49% |
Israel | | 0.47% |
Sweden | | 0.42% |
Netherlands | | 0.41% |
Ghana | | 0.37% |
Angola | | 0.36% |
Oman | | 0.35% |
Senegal | | 0.34% |
India | | 0.34% |
Macau | | 0.33% |
Jersey (Channel Islands) | | 0.31% |
Peru | | 0.31% |
Australia | | 0.29% |
Gabon | | 0.25% |
South Africa | | 0.24% |
Jamaica | | 0.22% |
Indonesia | | 0.22% |
Hong Kong | | 0.22% |
El Salvador | | 0.20% |
Ireland | | 0.20% |
Ecuador | | 0.17% |
Denmark | | 0.13% |
Turkey | | 0.12% |
Japan | | 0.10% |
Chile | | 0.10% |
Bermuda | | 0.08% |
Venezuela | | 0.07% |
Panama | | 0.07% |
Kuwait | | 0.04% |
Morocco | | 0.03% |
Cayman Islands | | 0.02% |
Belgium | | 0.02% |
Czech Republic | | 0.02% |
Norway | | 0.01% |
Total Investments | | 100.00% |
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Net Currency Exposure Breakdown | | Portfolio % |
United States Dollar | | 100.45% |
Canadian Dollar | | 0.12% |
Great British Pound | | 0.02% |
Norwegian Krone | | 0.02% |
Argentine Peso | | 0.01% |
Singapore Dollar | | 0.01% |
South African Rand | | 0.01% |
Swiss Franc | | -0.01% |
South Korean Won | | -0.01% |
Mexican Peso | | -0.01% |
Russian Rubles | | -0.02% |
Colombian Peso | | -0.10% |
Euro | | -0.49% |
Total Net Assets | | 100.00% |
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Credit Rating | | Portfolio % |
AAA | | 3.32% |
AA | | 0.29% |
A | | 0.72% |
BBB | | 14.45% |
BB | | 36.15% |
B | | 26.39% |
CCC | | 8.70% |
CC | | 0.18% |
C | | 0.14% |
D | | 0.22% |
Not Rated | | 4.95% |
Short Term Investments | | 1.67% |
Reverse Repurchase Agreements | | -0.41% |
N/A | | 3.23% |
Total | | 100.00% |
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Bonds By Maturity | | Portfolio % |
Less than 1 year | | 8.02% |
1 to 5 years | | 44.49% |
5 to 10 years | | 36.12% |
10 to 20 years | | 6.10% |
20 to 30 years | | 3.17% |
More Than 30 years | | 0.22% |
Other | | 1.88% |
Total Net Assets | | 100.00% |
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Portfolio Statistics: | | |
Average Coupon: | | 6.95% |
Average Bond Price: | | 100.96 |
Percentage of Leverage(based on gross assets): | | |
Bank Borrowing: | | 0.00% |
Investment Operations: | | 27.77% |
Preferred stock: | | 0.00% |
Tender Option Bonds: | | 0.00% |
VMTP Shares: | | 0.00% |
Total Fund Leverage: | | 27.77% |
Average Maturity: | | 5.91 Years |
Effective Duration: | | 4.46 Years |
Total Net Assets: | | $1,093.87 Million |
Net Asset Value: | | $12.69 |
Number of Holdings: | | 1643 |
Portfolio Turnover: | | 51% |
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* 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. | ||
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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.