AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, May 24, 2022 /PRNewswire/ -- AB Global High Income Fund [NYSE: AWF] (the "Fund") today released its monthly portfolio update as of April 30, 2022.

 

AB Global High Income Fund
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.64%
2) U.S. Treasury Notes 2.875%, 08/15/28		1.11%
3) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.64%
4) CCO Holdings 4.75%, 02/01/32		0.63%
5) Dominican Repubic Intl Bond 8.625%, 04/20/27		0.63%
6) Altice France SA/France 5.125%, 07/15/29		0.53%
7) Sirius XM Radio, Inc. 4.00%, 07/15/28		0.52%
8) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.51%
9) AMMC CLO 25 Ltd. Zero Coupon, 04/15/35		0.50%
10) Altice Financing SA 5.75%, 08/15/29		0.48%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Communications - Media		6.67%
Energy		6.43%
Consumer Non-Cyclical		5.98%
Basic		3.44%
Services		3.17%
Consumer Cyclical - Other		2.89%
Communications - Telecommunications		2.73%
Consumer Cyclical - Automotive		2.73%
Capital Goods		2.68%
Technology		2.66%
Consumer Cyclical - Entertainment		2.55%
Consumer Cyclical - Retailers		2.33%
Transportation - Services		0.77%
Consumer Cyclical - Restaurants		0.74%
Transportation - Airlines		0.33%
Other Industrial		0.08%
SUBTOTAL		46.18%
Credit Default Swaps		20.83%
Financial Institutions
Banking		2.07%
Finance		1.78%
REITs		1.27%
Insurance		0.67%
Other Finance		0.49%
Brokerage		0.44%
SUBTOTAL		6.72%
Utility
Electric		1.06%
Other Utility		0.19%
SUBTOTAL		1.25%
SUBTOTAL		74.98%
Interest Rate Futures		15.04%
Corporates - Investment Grade
Financial Institutions
Banking		2.93%
Insurance		1.49%
Finance		0.64%
REITs		0.36%
Brokerage		0.12%
Other Finance		0.02%
SUBTOTAL		5.56%
Industrial
Energy		0.72%
Basic		0.69%
Communications - Telecommunications		0.67%
Transportation - Airlines		0.46%
Consumer Cyclical - Other		0.44%
Communications - Media		0.32%
Consumer Non-Cyclical		0.28%
Capital Goods		0.26%
Other Industrial		0.18%
Consumer Cyclical - Retailers		0.15%
Technology		0.15%
Consumer Cyclical - Automotive		0.11%
Services		0.02%
SUBTOTAL		4.45%
Utility
Electric		0.07%
SUBTOTAL		0.07%
SUBTOTAL		10.08%
Collateralized Mortgage Obligations
Risk Share Floating Rate		4.82%
Non-Agency Fixed Rate		0.46%
Non-Agency Floating Rate		0.40%
Agency Fixed Rate		0.37%
SUBTOTAL		6.05%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.54%
Non-Agency Fixed Rate CMBS		1.13%
Non-Agency Floating Rate CMBS		0.02%
SUBTOTAL		5.69%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.33%
Consumer Non-Cyclical		0.69%
Energy		0.61%
Consumer Cyclical - Other		0.56%
Capital Goods		0.46%
Communications - Telecommunications		0.30%
Technology		0.20%
Communications - Media		0.10%
Services		0.07%
Transportation - Services		0.07%
SUBTOTAL		4.39%
Utility
Electric		0.60%
SUBTOTAL		0.60%
Financial Institutions
REITs		0.30%
Banking		0.06%
Insurance		0.04%
Finance		0.02%
Other Finance		0.01%
SUBTOTAL		0.43%
SUBTOTAL		5.42%
Bank Loans
Industrial
Technology		0.90%
Consumer Non-Cyclical		0.83%
Communications - Telecommunications		0.77%
Capital Goods		0.54%
Energy		0.45%
Other Industrial		0.31%
Consumer Cyclical - Retailers		0.27%
Communications - Media		0.24%
Services		0.17%
Consumer Cyclical - Other		0.14%
Consumer Cyclical - Restaurants		0.08%
Consumer Cyclical - Automotive		0.04%
SUBTOTAL		4.74%
Financial Institutions
Insurance		0.27%
Finance		0.02%
SUBTOTAL		0.29%
Utility
Electric		0.19%
SUBTOTAL		0.19%
SUBTOTAL		5.22%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		4.97%
Credit Default Swaps		0.25%
SUBTOTAL		5.22%
Collateralized Loan Obligations
CLO - Floating Rate		4.62%
SUBTOTAL		4.62%
Global Governments		3.43%
Common Stocks		1.77%
Total Return Swaps		1.45%
Quasi-Sovereigns
Quasi-Sovereign Bonds		0.96%
SUBTOTAL		0.96%
Local Governments - US Municipal Bonds		0.46%
Forward Currency Exchange Contracts
Currency Instruments		0.44%
SUBTOTAL		0.44%
Preferred Stocks
Industrials		0.41%
SUBTOTAL		0.41%
Inflation-Linked Securities		0.22%
Asset-Backed Securities
Autos - Fixed Rate		0.08%
Other ABS - Fixed Rate		0.08%
SUBTOTAL		0.16%
Warrants		0.06%
Reverse Repurchase Agreements		-0.17%
Cash & Cash Equivalents
Cash		2.25%
Funds and Investment Trusts		1.04%
U.S. Treasury Bills		0.10%
SUBTOTAL		3.39%
Derivative Offsets
Futures Offsets		-15.64%
Swap Offsets		-29.26%
SUBTOTAL		-44.90%
TOTAL		100.00%
Country Breakdown		Portfolio %
United States		72.64%
United Kingdom		3.40%
Canada		1.93%
France		1.70%
Luxembourg		1.59%
Brazil		1.53%
Mexico		1.20%
Germany		1.05%
Spain		1.02%
Nigeria		0.77%
Italy		0.73%
Switzerland		0.65%
Bahrain		0.64%
India		0.64%
Dominican Republic		0.62%
Australia		0.58%
Colombia		0.54%
China		0.52%
Israel		0.47%
Argentina		0.45%
Cote D'Ivoire		0.43%
Finland		0.43%
Netherlands		0.42%
Sweden		0.41%
Macau		0.37%
Oman		0.37%
Ghana		0.35%
Peru		0.33%
Angola		0.32%
Jersey (Channel Islands)		0.32%
Senegal		0.29%
Ukraine		0.28%
Egypt		0.27%
Zambia		0.27%
Indonesia		0.26%
Gabon		0.24%
Jamaica		0.24%
Ireland		0.21%
South Africa		0.21%
Hong Kong		0.19%
Ecuador		0.18%
Denmark		0.14%
El Salvador		0.14%
Japan		0.12%
Turkey		0.12%
Guatemala		0.08%
Venezuela		0.07%
Chile		0.05%
Bermuda		0.04%
Kuwait		0.04%
Panama		0.04%
Morocco		0.03%
Belgium		0.02%
Cayman Islands		0.02%
Czech Republic		0.02%
Norway		0.01%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.05%
Canadian Dollar		0.11%
Argentine Peso		0.01%
Swiss Franc		0.01%
Japanese Yen		0.01%
South Korean Won		0.01%
Norwegian Krone		0.01%
Singapore Dollar		0.01%
Brazilian Real		-0.01%
Chinese Yuan Renminbi (Offshore)		-0.01%
Pound Sterling		-0.01%
New Zealand Dollar		-0.01%
Euro		-0.06%
Colombian Peso		-0.12%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		6.28%
AA		0.12%
A		1.28%
BBB		12.63%
BB		38.24%
B		25.21%
CCC		8.45%
CC		0.16%
C		0.12%
D		0.11%
Not Rated		4.58%
Short Term Investments		1.14%
Reverse Repurchase Agreements		-0.17%
N/A		1.85%
Total		100.00%
Bonds by Maturity		Portfolio %
Less than 1 Year		4.07%
1 To 5 Years		40.18%
5 To 10 Years		44.35%
10 To 20 Years		4.97%
20 To 30 Years		2.77%
More than 30 Years		1.82%
Other		1.84%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.06%
Average Bond Price:		93.44
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		29.27%
Preferred Stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		29.27%
Average Maturity:		6.59 Years
Effective Duration:		4.75 Years
Total Net Assets:		$990.72 Million
Net Asset Value:		$11.49
Total Number of Holdings:		1,620
Portfolio Turnover:		51.00%
* 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 AllianceBernstein Global High Income Fund, Inc.