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Classified in: Business
Subjects: OFR, SLS

AB Global High Income Fund Releases Monthly Portfolio Update


NEW YORK, Dec. 28, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30,2020.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


2.35%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23 

1.79%

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


1.48%

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

0.86%

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

0.63%

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


0.56%

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 


0.42%

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


0.39%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


3.57%

Communications - Media


3.32%

Consumer Non-Cyclical


2.87%

Consumer Cyclical - Other


2.77%

Basic


2.57%

Capital Goods


2.50%

Consumer Cyclical - Automotive


2.46%

Services


2.32%

Communications - Telecommunications


2.02%

Technology


1.70%

Consumer Cyclical - Retailers


1.68%

Consumer Cyclical - Entertainment


1.57%

Transportation - Services


0.54%

Other Industrial


0.35%

Consumer Cyclical - Restaurants


0.32%

Transportation - Airlines


0.17%

SUBTOTAL


30.73%

Credit Default Swaps


28.90%

SUBTOTAL


28.90%

Financial Institutions



Banking


2.35%

Finance


0.90%

REITS


0.77%

Insurance


0.77%

Brokerage


0.48%

Other Finance


0.44%

SUBTOTAL


5.71%

Utility



Electric


0.55%

SUBTOTAL


0.55%

SUBTOTAL


65.89%

Corporates - Investment Grade



Financial Institutions



Banking


5.28%

Insurance


1.97%

Finance


0.98%

REITS


0.44%

Brokerage


0.13%

Other Finance


0.02%

SUBTOTAL


8.82%

Industrial



Energy


1.45%

Basic


0.96%

Consumer Cyclical - Other


0.92%

Consumer Cyclical - Automotive


0.74%

Technology


0.72%

Transportation - Airlines


0.49%

Consumer Non-Cyclical


0.40%

Communications - Telecommunications


0.27%

Capital Goods


0.19%

Other Industrial


0.16%

Services


0.12%

Communications - Media


0.12%

SUBTOTAL


6.54%

Utility



Electric


0.06%

SUBTOTAL


0.06%

SUBTOTAL


15.42%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


10.96%

Credit Default Swaps


0.47%

SUBTOTAL


11.43%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.99%

Non-Agency Fixed Rate


0.62%

Non-Agency Floating Rate


0.52%

Agency Fixed Rate


0.47%

SUBTOTAL


9.60%

Global Governments


6.60%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.72%

Non-Agency Fixed Rate CMBS


1.20%

Non-Agency Floating Rate CMBS


0.08%

SUBTOTAL


6.00%

Interest Rate Futures


5.89%

Bank Loans



Industrial



Consumer Non-Cyclical


0.87%

Technology


0.74%

Capital Goods


0.54%

Services


0.52%

Consumer Cyclical - Other


0.51%

Communications - Media


0.31%

Consumer Cyclical - Retailers


0.16%

Other Industrial


0.13%

Energy


0.12%

Consumer Cyclical - Restaurants


0.11%

Communications - Telecommunications


0.10%

Consumer Cyclical - Entertainment


0.08%

Consumer Cyclical - Automotive


0.08%

Basic


0.05%

Transportation - Airlines


0.02%

SUBTOTAL


4.34%

Utility



Electric


0.18%

SUBTOTAL


0.18%

Financial Institutions



Insurance


0.13%

SUBTOTAL


0.13%

SUBTOTAL


4.65%

Emerging Markets - Corporate Bonds



Industrial



Basic


1.52%

Energy


0.70%

Consumer Cyclical - Other


0.47%

Consumer Non-Cyclical


0.43%

Capital Goods


0.24%

Communications - Telecommunications


0.23%

Communications - Media


0.08%

Transportation - Services


0.04%

SUBTOTAL


3.71%

Utility



Electric


0.39%

SUBTOTAL


0.39%

Financial Institutions



Insurance


0.07%

Banking


0.05%

SUBTOTAL


0.12%

SUBTOTAL


4.22%

Emerging Markets - Treasuries


1.79%

Collateralized Loan Obligations



CLO - Floating Rate


1.42%

SUBTOTAL


1.42%

Total Return Swaps


1.42%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.33%

SUBTOTAL


1.33%

Common Stocks


1.30%

Asset-Backed Securities



Other ABS - Fixed Rate


0.47%

Autos - Fixed Rate


0.27%

Home Equity Loans - Fixed Rate


0.26%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.01%

Investment Companies



Funds and Investment Trusts


0.51%

SUBTOTAL


0.51%

Local Governments - US Municipal Bonds


0.32%

Preferred Stocks



Financial Institutions


0.22%

Industrial


0.10%

SUBTOTAL


0.32%

Inflation-Linked Securities


0.25%

Warrants


0.03%

Reverse Repurchase Agreements


-0.05%

Currency Instruments



Forward Currency Exchange Contracts


-0.31%

SUBTOTAL


-0.31%

Net Cash Equivalents



Investment Companies


1.36%

Cash


0.78%

Foreign Currency


-0.02%

SUBTOTAL


2.12%

Derivative Offsets



Futures Offsets


-5.89%

Swaps Offsets


-35.27%

SUBTOTAL


-41.16%

Total


100.00%




Country Breakdown


Portfolio %

United States


65.05%

Brazil


4.53%

United Kingdom


2.68%

Mexico


1.76%

Canada


1.72%

Colombia


1.13%

France


1.11%

Egypt


1.06%

Dominican Republic


1.02%

Cayman Islands


0.97%

Netherlands


0.92%

Italy


0.91%

Argentina


0.91%

Switzerland


0.88%

Nigeria


0.85%

Luxembourg


0.84%

Ukraine


0.82%

Ivory Coast


0.76%

Bahrain


0.75%

Russia


0.67%

Spain


0.65%

South Africa


0.57%

Ireland


0.55%

Zambia


0.54%

Kenya


0.50%

Oman


0.46%

Gabon


0.44%

Senegal


0.42%

Bermuda


0.41%

Angola


0.39%

Finland


0.38%

Ghana


0.38%

Sweden


0.35%

Germany


0.30%

El Salvador


0.29%

Honduras


0.28%

Macau


0.28%

Ecuador


0.27%

Denmark


0.27%

Costa Rica


0.27%

Indonesia


0.26%

Israel


0.22%

Hong Kong


0.19%

Turkey


0.19%

Chile


0.18%

Mongolia


0.17%

Norway


0.16%

Peru


0.16%

Australia


0.14%

Jamaica


0.14%

Japan


0.11%

Jersey (Channel Islands)


0.11%

China


0.08%

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%

Lebanon


0.03%

Sri Lanka


0.03%

Pakistan


0.02%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


100.14%

Russian Rubles


0.49%

Egypt Pound


0.26%

Indonesian Rupiah


0.19%

Great British Pound


0.04%

Nigerian Naira


0.04%

Argentine Peso


0.01%

Malaysian Ringgit


0.01%

Norwegian Krone


0.01%

Taiwan New Dollar


0.01%

Swiss Franc


-0.01%

Chinese Yuan Renminbi (Offshore)


-0.01%

South African Rand


-0.01%

Brazilian Real


-0.06%

Colombian Peso


-0.06%

Euro


-1.05%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


5.40%

AA


0.95%

A


1.30%

BBB


21.57%

BB


27.17%

B


24.11%

CCC


8.41%

CC


0.54%

C


0.11%

D


0.58%

Not Rated


5.56%

Short Term Investments


1.36%

Reverse Repurchase Agreements


-0.05%

N/A


2.99%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


6.97%

1 to 5 years


58.50%

5 to 10 years


22.19%

10 to 20 years


6.67%

20 to 30 years


4.03%

More Than 30 years


0.31%

Other


1.33%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.60%

Average Bond Price:


104.56

Percentage of Leverage(based on gross assets):



Bank Borrowing:


0.00%

Investment Operations:


43.27%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


43.27%

Average Maturity:


5.50  Years

Effective Duration:


4.35  Years

Total Net Assets:


$1,098.26 Million

Net Asset Value:


$12.74

Number of Holdings:


1510

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.

 

SOURCE AB Global High Income Fund, Inc.


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