PR Newswire | Nov 23, 2020 04:17PM EST

11/23 15:16 CST

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, Nov. 23, 2020

NEW YORK, Nov. 23, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 2.47%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 1.70%

3) U.S. Treasury Notes 2.875%, 8/15/28 1.56%

4) Argentine Republic Government International Bond 0.125%, 7/ 0.84%09/30 - 7/09/41

5) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 0.72%

6) Dominican Republic International Bond 8.625%, 4/20/27 0.65%

7) Colombian TES Series B 10.00%, 7/24/24 0.55%

8) Nigeria Government International Bond 7.625%, 11/21/25 - 11/ 0.51%28/47

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

10) U.S. Treasury Bonds 5.25%, 2/15/29 0.44%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Communications - Media 3.31%

Energy 3.19%

Consumer Non-Cyclical 2.92%

Consumer Cyclical - Other 2.80%

Basic 2.67%

Capital Goods 2.48%

Services 2.36%

Consumer Cyclical - Automotive 2.15%

Communications - Telecommunications 2.04%

Consumer Cyclical - Retailers 1.66%

Technology 1.59%

Consumer Cyclical - Entertainment 1.45%

Transportation - Services 0.55%

Other Industrial 0.34%

Consumer Cyclical - Restaurants 0.31%

Transportation - Airlines 0.17%

SUBTOTAL 29.99%

Credit Default Swaps 28.85%

SUBTOTAL 28.85%

Financial Institutions

Banking 2.41%

Finance 0.93%

Insurance 0.80%

REITS 0.78%

Brokerage 0.48%

Other Finance 0.44%

SUBTOTAL 5.84%

Utility

Electric 0.55%

SUBTOTAL 0.55%

SUBTOTAL 65.23%

Corporates - Investment Grade

Financial Institutions

Banking 5.40%

Insurance 2.00%

Finance 0.63%

REITS 0.45%

Brokerage 0.14%

Other Finance 0.02%

SUBTOTAL 8.64%

Industrial

Energy 1.47%

Basic 0.98%

Consumer Cyclical - Other 0.93%

Technology 0.74%

Consumer Cyclical - Automotive 0.74%

Transportation - Airlines 0.49%

Consumer Non-Cyclical 0.41%

Transportation - Services 0.35%

Communications - Telecommunications 0.29%

Capital Goods 0.18%

Other Industrial 0.16%

Services 0.13%

Communications - Media 0.13%

SUBTOTAL 7.00%

Utility

Electric 0.06%

SUBTOTAL 0.06%

SUBTOTAL 15.70%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 10.81%

Credit Default Swaps 0.48%

SUBTOTAL 11.29%

Collateralized Mortgage Obligations

Risk Share Floating Rate 8.40%

Non-Agency Fixed Rate 0.66%

Non-Agency Floating Rate 0.55%

Agency Fixed Rate 0.51%

SUBTOTAL 10.12%

Global Governments 7.56%

Interest Rate Futures 6.24%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.63%

Non-Agency Fixed Rate CMBS 1.30%

Non-Agency Floating Rate CMBS 0.09%

SUBTOTAL 6.02%

Bank Loans

Industrial

Consumer Non-Cyclical 0.90%

Technology 0.77%

Capital Goods 0.55%

Consumer Cyclical - Other 0.53%

Services 0.53%

Communications - Media 0.33%

Energy 0.20%

Consumer Cyclical - Retailers 0.16%

Other Industrial 0.13%

Consumer Cyclical - Restaurants 0.11%

Communications - Telecommunications 0.10%

Consumer Cyclical - Entertainment 0.09%

Consumer Cyclical - Automotive 0.08%

Basic 0.05%

Transportation - Airlines 0.02%

SUBTOTAL 4.55%

Utility

Electric 0.19%

SUBTOTAL 0.19%

Financial Institutions

Insurance 0.13%

Finance 0.03%

SUBTOTAL 0.16%

SUBTOTAL 4.90%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.30%

Energy 0.66%

Consumer Cyclical - Other 0.47%

Consumer Non-Cyclical 0.43%

Communications - Telecommunications 0.29%

Capital Goods 0.23%

Communications - Media 0.08%

Transportation - Services 0.05%

SUBTOTAL 3.51%

Utility

Electric 0.40%

SUBTOTAL 0.40%

Financial Institutions

Insurance 0.07%

Banking 0.05%

SUBTOTAL 0.12%

SUBTOTAL 4.03%

Emerging Markets - Treasuries 1.70%

Total Return Swaps 1.36%

Collateralized Loan Obligations

CLO - Floating Rate 1.32%

SUBTOTAL 1.32%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.22%

SUBTOTAL 1.22%

Asset-Backed Securities

Other ABS - Fixed Rate 0.50%

Autos - Fixed Rate 0.28%

Home Equity Loans - Fixed Rate 0.28%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 1.07%

Common Stocks 1.06%

Investment Companies

Funds and Investment Trusts 0.52%

SUBTOTAL 0.52%

Local Governments - US Municipal Bonds 0.37%

Preferred Stocks

Financial Institutions 0.23%

Industrial 0.10%

SUBTOTAL 0.33%

Inflation-Linked Securities 0.24%

Currency Instruments

Forward Currency Exchange Contracts 0.16%

SUBTOTAL 0.16%

Warrants 0.03%

Options Purchased - Puts

Swaptions 0.02%

SUBTOTAL 0.02%

Whole Loan Trusts

Performing Asset 0.01%

SUBTOTAL 0.01%

Reverse Repurchase Agreements -0.05%

Net Cash Equivalents

Cash 2.18%

Investment Companies 0.64%

Governments - Treasuries 0.28%

Foreign Currency -0.03%

SUBTOTAL 3.07%

Derivative Offsets

Futures Offsets -6.40%

Swaps Offsets -37.12%

SUBTOTAL -43.52%

Total 100.00%

Country Breakdown Portfolio %

United States 64.84%

Brazil 4.47%

United Kingdom 2.69%

Mexico 1.68%

Canada 1.62%

Egypt 1.34%

France 1.14%

Colombia 1.11%

Dominican Republic 1.03%

Indonesia 0.98%

Cayman Islands 0.97%

Netherlands 0.94%

Italy 0.92%

Argentina 0.89%

Switzerland 0.89%

Luxembourg 0.83%

Nigeria 0.82%

Ukraine 0.80%

Bahrain 0.76%

Spain 0.67%

Russia 0.67%

Ivory Coast 0.60%

Ireland 0.56%

South Africa 0.53%

Kenya 0.51%

Oman 0.47%

Bermuda 0.43%

Gabon 0.42%

Senegal 0.40%

Finland 0.39%

Ghana 0.37%

Angola 0.36%

Sweden 0.34%

Germany 0.30%

Honduras 0.30%

Ecuador 0.29%

Zambia 0.28%

Macau 0.28%

El Salvador 0.27%

Denmark 0.27%

Costa Rica 0.26%

Israel 0.22%

Hong Kong 0.19%

Turkey 0.19%

Chile 0.19%

Mongolia 0.18%

Norway 0.16%

Australia 0.15%

Jamaica 0.14%

Peru 0.13%

Japan 0.10%

China 0.08%

Kazakhstan 0.08%

Venezuela 0.07%

Guatemala 0.06%

Jordan 0.06%

United Arab Emirates 0.06%

Iraq 0.06%

Morocco 0.05%

Sri Lanka 0.05%

Kuwait 0.04%

Lebanon 0.03%

Pakistan 0.02%

Total Investments 100.00%

Net Currency Exposure Breakdown Portfolio %

United States Dollar 101.22%

Egypt Pound 0.28%

Nigerian Naira 0.06%

Great British Pound 0.03%

Argentine Peso 0.02%

Indian Rupee 0.01%

Malaysian Ringgit 0.01%

Canadian Dollar -0.01%

Swiss Franc -0.01%

Chinese Yuan Renminbi (Offshore) -0.01%

Polish Zloty -0.01%

Brazilian Real -0.05%

Colombian Peso -0.06%

Australian Dollar -0.25%

New Zealand Dollar -0.25%

Russian Rubles -0.26%

Euro -0.72%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 7.15%

AA 1.04%

A 1.35%

BBB 22.46%

BB 26.49%

B 22.11%

CCC 8.34%

CC 0.67%

C 0.11%

D 0.37%

Not Rated 5.82%

Short Term Investments 0.92%

Reverse Repurchase Agreements -0.05%

N/A 3.22%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 4.56%

1 to 5 years 56.13%

5 to 10 years 26.87%

10 to 20 years 7.01%

20 to 30 years 3.91%

More Than 30 years 0.43%

Other 1.09%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.64%

Average Bond Price: 101.63

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 29.61%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 29.61%

Average Maturity: 5.92 Years

Effective Duration: 4.47 Years

Total Net Assets: $1,044.48 Million

Net Asset Value: $12.11

Number of Holdings: 1507

Portfolio Turnover: 32%

* Investment Operations may include the use of certain portfoliomanagement techniques such as credit default swaps, dollar rolls,negative cash, reverse repurchase agreements and when-issuedsecurities.

The foregoing portfolio characteristics are as of the date indicatedand can be expected to change. The Fund is a closed-end U.S.-registeredmanagement investment company advised by AllianceBernstein L. P.

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SOURCE AB Global High Income Fund, Inc.