PR Newswire | Jul 27, 2020 04:06PM EDT

07/27 15:06 CDT

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, July 27, 2020

NEW YORK, July 27, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 2.58%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 1.90%

3) U.S. Treasury Notes 2.875%, 8/15/28 1.63%

4) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 0.74%

5) Argentine Republic Government International Bond 6.875%, 1/26/27 - 1/11/48 0.70%

6) Ukraine Government International Bond 7.75%, 9/01/21 - 9/01/24 0.64%

7) Dominican Republic International Bond 8.625%, 4/20/27 0.63%

8) Colombian TES Series B 10.00%, 7/24/24 0.59%

9) U.S. Treasury Bonds 5.25%, 2/15/29 0.46%

10) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 0.528%, 1/25/37 0.43%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Credit Default Swaps 29.71%

SUBTOTAL 29.71%

Industrial

Communications - Media 3.52%

Energy 3.19%

Consumer Non-Cyclical 3.10%

Basic 2.80%

Consumer Cyclical - Other 2.75%

Capital Goods 2.20%

Consumer Cyclical - Automotive 2.16%

Communications - Telecommunications 2.07%

Services 1.71%

Consumer Cyclical - Retailers 1.18%

Technology 0.99%

Consumer Cyclical - Entertainment 0.62%

Transportation - Services 0.60%

Consumer Cyclical - Restaurants 0.31%

Other Industrial 0.30%

SUBTOTAL 27.50%

Financial Institutions

Banking 2.25%

Insurance 0.97%

Finance 0.93%

REITS 0.77%

Other Finance 0.35%

Brokerage 0.32%

SUBTOTAL 5.59%

Utility

Electric 0.63%

SUBTOTAL 0.63%

SUBTOTAL 63.43%

Corporates - Investment Grade

Industrial

Energy 1.50%

Basic 1.31%

Consumer Cyclical - Other 0.97%

Consumer Cyclical - Entertainment 0.87%

Technology 0.74%

Consumer Cyclical - Automotive 0.60%

Transportation - Airlines 0.58%

Communications - Media 0.48%

Consumer Non-Cyclical 0.45%

Communications - Telecommunications 0.30%

Services 0.27%

Transportation - Services 0.27%

Other Industrial 0.19%

Capital Goods 0.18%

Consumer Cyclical - Retailers 0.07%

SUBTOTAL 8.78%

Financial Institutions

Banking 5.40%

Insurance 1.98%

REITS 0.40%

Finance 0.38%

Brokerage 0.14%

SUBTOTAL 8.30%

Credit Default Swaps 0.14%

SUBTOTAL 0.14%

Utility

Electric 0.06%

SUBTOTAL 0.06%

SUBTOTAL 17.28%

Collateralized Mortgage Obligations

Risk Share Floating Rate 9.66%

Non-Agency Fixed Rate 0.71%

Non-Agency Floating Rate 0.61%

Agency Fixed Rate 0.58%

SUBTOTAL 11.56%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 10.14%

Credit Default Swaps 0.48%

SUBTOTAL 10.62%

Global Governments 8.28%

Interest Rate Futures 7.62%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.81%

Non-Agency Fixed Rate CMBS 1.50%

Non-Agency Floating Rate CMBS 0.09%

SUBTOTAL 6.40%

Bank Loans

Industrial

Consumer Non-Cyclical 1.03%

Technology 0.85%

Capital Goods 0.54%

Consumer Cyclical - Other 0.54%

Services 0.47%

Energy 0.34%

Consumer Cyclical - Retailers 0.25%

Communications - Media 0.17%

Other Industrial 0.12%

Consumer Cyclical - Restaurants 0.11%

Communications - Telecommunications 0.09%

Consumer Cyclical - Entertainment 0.08%

Consumer Cyclical - Automotive 0.08%

Basic 0.05%

Transportation - Airlines 0.02%

SUBTOTAL 4.74%

Financial Institutions

Insurance 0.14%

Finance 0.12%

SUBTOTAL 0.26%

Utility

Electric 0.20%

SUBTOTAL 0.20%

SUBTOTAL 5.20%

Emerging Markets - Corporate Bonds

Industrial

Basic 0.83%

Energy 0.60%

Consumer Non-Cyclical 0.44%

Consumer Cyclical - Other 0.35%

Communications - Telecommunications 0.34%

Capital Goods 0.11%

Communications - Media 0.08%

Transportation - Services 0.05%

SUBTOTAL 2.80%

Utility

Electric 0.40%

SUBTOTAL 0.40%

Financial Institutions

Banking 0.05%

Insurance 0.01%

SUBTOTAL 0.06%

SUBTOTAL 3.26%

Emerging Markets - Treasuries 1.92%

Collateralized Loan Obligations

CLO - Floating Rate 1.34%

SUBTOTAL 1.34%

Total Return Swaps 1.31%

Asset-Backed Securities

Other ABS - Fixed Rate 0.53%

Home Equity Loans - Fixed Rate 0.31%

Autos - Fixed Rate 0.28%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 1.13%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.11%

SUBTOTAL 1.11%

Common Stocks 0.85%

Investment Companies

Funds and Investment Trusts 0.53%

SUBTOTAL 0.53%

Local Governments - US Municipal Bonds 0.39%

Preferred Stocks

Financial Institutions 0.26%

Industrial 0.09%

Utility 0.02%

SUBTOTAL 0.37%

Inflation-Linked Securities 0.25%

Local Governments - Regional Bonds 0.02%

Warrants 0.01%

Whole Loan Trusts

Performing Asset 0.01%

SUBTOTAL 0.01%

Currency Instruments

Forward Currency Exchange Contracts -0.10%

SUBTOTAL -0.10%

Reverse Repurchase Agreements -0.12%

Net Cash Equivalents

Cash 3.52%

Investment Companies 0.28%

Governments - Treasuries 0.27%

Foreign Currency -0.02%

SUBTOTAL 4.05%

Derivative Offsets

Futures Offsets -7.52%

Swaps Offsets -39.20%

SUBTOTAL -46.72%

Total 100.00%

Country Breakdown Portfolio %

United States 65.71%

Brazil 4.58%

United Kingdom 2.50%

Mexico 1.55%

Canada 1.44%

Egypt 1.36%

France 1.24%

Colombia 1.19%

Netherlands 1.19%

Argentina 1.10%

Dominican Republic 0.99%

Cayman Islands 0.99%

Italy 0.89%

Indonesia 0.83%

Russia 0.79%

Switzerland 0.79%

Spain 0.76%

Luxembourg 0.75%

Ukraine 0.71%

Bahrain 0.68%

Nigeria 0.58%

Ireland 0.53%

Ivory Coast 0.52%

Kenya 0.50%

Oman 0.49%

South Africa 0.44%

Angola 0.40%

United Arab Emirates 0.39%

Finland 0.39%

Gabon 0.34%

El Salvador 0.30%

Honduras 0.30%

Ghana 0.29%

Bermuda 0.29%

Costa Rica 0.28%

Mongolia 0.28%

Senegal 0.28%

Denmark 0.27%

Zambia 0.26%

Ecuador 0.25%

Sweden 0.24%

Turkey 0.23%

Germany 0.21%

Hong Kong 0.20%

Chile 0.19%

Norway 0.17%

Jamaica 0.15%

Macau 0.15%

Australia 0.15%

Peru 0.11%

Israel 0.11%

Trinidad & Tobago 0.08%

Kazakhstan 0.07%

Sri Lanka 0.07%

Jordan 0.07%

Guatemala 0.06%

Iraq 0.06%

Morocco 0.06%

China 0.05%

Venezuela 0.05%

Lebanon 0.04%

Kuwait 0.04%

Pakistan 0.02%

Total Investments 100.00%

Net Currency Exposure Breakdown Portfolio %

United States Dollar 98.80%

Japanese Yen 0.74%

Indian Rupee 0.32%

Egypt Pound 0.27%

Russian Rubles 0.18%

Brazilian Real 0.12%

Nigerian Naira 0.10%

Argentine Peso 0.07%

Mexican Peso 0.06%

Great British Pound 0.01%

Indonesian Rupiah 0.01%

Malaysian Ringgit 0.01%

Taiwan New Dollar 0.01%

Swiss Franc -0.01%

Chilean Peso -0.01%

Colombian Peso -0.04%

Canadian Dollar -0.09%

Euro -0.55%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 9.54%

AA 1.59%

A 2.45%

BBB 24.23%

BB 24.08%

B 20.31%

CCC 6.91%

CC 1.65%

C 0.11%

D 0.36%

Not Rated 5.75%

Short Term Investments 0.55%

Reverse Repurchase Agreements -0.12%

N/A 2.59%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 3.86%

1 to 5 years 54.15%

5 to 10 years 30.96%

10 to 20 years 6.27%

20 to 30 years 3.49%

More Than 30 years 0.40%

Other 0.87%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.80%

Average Bond Price: 98.71

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 46.24%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 46.24%

Average Maturity: 5.97 Years

Effective Duration: 4.93 Years

Total Net Assets: $1,013.12 Million

Net Asset Value: $11.75

Number of Holdings: 1668

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 AllianceBernstein Global High Income Fund, Inc.