PR Newswire | Dec 28, 2020 04:17PM EST

12/28 15:16 CST

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, Dec. 28, 2020

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%, 0.86%7/09/30 - 7/09/41

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 - 0.53%11/28/47

8) Ukraine Government International Bond 7.75%, 9/01/22 - 9/ 0.50%01/24

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 managementtechniques such as credit default swaps, dollar rolls, negative cash, reverserepurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can beexpected to change. The Fund is a closed-end U.S.-registered managementinvestment company advised by AllianceBernstein L. P.

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SOURCE AB Global High Income Fund, Inc.