PR Newswire | Aug 24, 2020 04:06PM EDT

08/24 15:06 CDT

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, Aug. 24, 2020

NEW YORK, Aug. 24, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 2.50%

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 1.59%

4) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 0.71%

5) Argentine Republic Government International Bond 6.875%, 1/26/27 - 1/11/48 0.71%

6) Dominican Republic International Bond 8.625%, 4/20/27 0.64%

7) Colombian TES Series B 10.00%, 7/24/24 0.58%

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 0.45%

10) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 0.351%, 1/25/37 0.41%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Credit Default Swaps 29.29%

SUBTOTAL 29.29%

Industrial

Communications - Media 3.45%

Energy 3.27%

Consumer Non-Cyclical 3.20%

Basic 2.93%

Consumer Cyclical - Other 2.77%

Capital Goods 2.43%

Consumer Cyclical - Automotive 2.12%

Communications - Telecommunications 2.07%

Services 1.77%

Consumer Cyclical - Retailers 1.27%

Technology 1.00%

Consumer Cyclical - Entertainment 0.69%

Transportation - Services 0.55%

Consumer Cyclical - Restaurants 0.30%

Other Industrial 0.30%

SUBTOTAL 28.12%

Financial Institutions

Banking 2.35%

Finance 0.91%

Insurance 0.85%

REITS 0.78%

Brokerage 0.61%

Other Finance 0.48%

SUBTOTAL 5.98%

Utility

Electric 0.60%

SUBTOTAL 0.60%

SUBTOTAL 63.99%

Corporates - Investment Grade

Industrial

Energy 1.65%

Basic 1.04%

Consumer Cyclical - Other 0.98%

Consumer Cyclical - Entertainment 0.86%

Technology 0.74%

Consumer Cyclical - Automotive 0.63%

Communications - Media 0.48%

Consumer Non-Cyclical 0.44%

Transportation - Services 0.38%

Transportation - Airlines 0.36%

Communications - Telecommunications 0.29%

Services 0.27%

Other Industrial 0.19%

Capital Goods 0.18%

Consumer Cyclical - Retailers 0.06%

SUBTOTAL 8.55%

Financial Institutions

Banking 5.35%

Insurance 1.98%

REITS 0.44%

Finance 0.37%

Brokerage 0.14%

Other Finance 0.02%

SUBTOTAL 8.30%

Credit Default Swaps 0.14%

SUBTOTAL 0.14%

Utility

Electric 0.06%

SUBTOTAL 0.06%

SUBTOTAL 17.05%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 10.21%

Credit Default Swaps 0.47%

SUBTOTAL 10.68%

Collateralized Mortgage Obligations

Risk Share Floating Rate 8.54%

Non-Agency Fixed Rate 0.69%

Non-Agency Floating Rate 0.58%

Agency Fixed Rate 0.55%

SUBTOTAL 10.36%

Global Governments 8.05%

Interest Rate Futures 7.56%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.64%

Non-Agency Fixed Rate CMBS 1.48%

Non-Agency Floating Rate CMBS 0.09%

SUBTOTAL 6.21%

Bank Loans

Industrial

Consumer Non-Cyclical 1.02%

Technology 0.84%

Capital Goods 0.54%

Consumer Cyclical - Other 0.53%

Services 0.51%

Consumer Cyclical - Retailers 0.25%

Energy 0.20%

Communications - Media 0.16%

Other Industrial 0.13%

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 4.61%

Financial Institutions

Insurance 0.13%

Finance 0.12%

SUBTOTAL 0.25%

Utility

Electric 0.19%

SUBTOTAL 0.19%

SUBTOTAL 5.05%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.18%

Energy 0.58%

Consumer Cyclical - Other 0.43%

Consumer Non-Cyclical 0.41%

Communications - Telecommunications 0.28%

Capital Goods 0.14%

Communications - Media 0.08%

Transportation - Services 0.05%

SUBTOTAL 3.15%

Utility

Electric 0.40%

SUBTOTAL 0.40%

Financial Institutions

Banking 0.05%

Insurance 0.01%

SUBTOTAL 0.06%

SUBTOTAL 3.61%

Emerging Markets - Treasuries 1.92%

Total Return Swaps 1.33%

Collateralized Loan Obligations

CLO - Floating Rate 1.29%

SUBTOTAL 1.29%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.12%

SUBTOTAL 1.12%

Asset-Backed Securities

Other ABS - Fixed Rate 0.52%

Home Equity Loans - Fixed Rate 0.29%

Autos - Fixed Rate 0.28%

SUBTOTAL 1.09%

Common Stocks

0.64%

Common Stocks 0.28%

SUBTOTAL 0.92%

Energy

Oil Gas & Consumable Fuels 0.01%

SUBTOTAL 0.01%

Investment Companies

Funds and Investment Trusts 0.53%

SUBTOTAL 0.53%

Local Governments - US Municipal Bonds 0.38%

Inflation-Linked Securities 0.25%

Preferred Stocks

Financial Institutions 0.14%

Industrial 0.09%

Utility 0.02%

SUBTOTAL 0.25%

Warrants 0.02%

Local Governments - Regional Bonds 0.01%

Whole Loan Trusts

Performing Asset 0.01%

SUBTOTAL 0.01%

Reverse Repurchase Agreements -0.12%

Currency Instruments

Forward Currency Exchange Contracts -0.18%

SUBTOTAL -0.18%

Net Cash Equivalents

Cash 1.82%

Investment Companies 1.38%

Foreign Currency -0.02%

SUBTOTAL 3.18%

Derivative Offsets

Futures Offsets -7.26%

Swaps Offsets -37.31%

SUBTOTAL -44.57%

Total 100.00%

Country Breakdown Portfolio %

United States 65.42%

Brazil 4.72%

United Kingdom 2.51%

Mexico 1.61%

Canada 1.59%

Colombia 1.26%

France 1.23%

Netherlands 1.20%

Argentina 1.10%

Egypt 1.05%

Dominican Republic 1.01%

Cayman Islands 0.95%

Italy 0.91%

Switzerland 0.86%

Luxembourg 0.84%

Ukraine 0.81%

Indonesia 0.81%

Russia 0.73%

Spain 0.68%

Bahrain 0.66%

Nigeria 0.57%

Ireland 0.55%

Ivory Coast 0.51%

Kenya 0.48%

Oman 0.47%

South Africa 0.43%

Angola 0.39%

Finland 0.38%

United Arab Emirates 0.38%

Sweden 0.37%

Bermuda 0.35%

Gabon 0.34%

El Salvador 0.30%

Honduras 0.29%

Costa Rica 0.29%

Germany 0.28%

Ecuador 0.28%

Ghana 0.27%

Denmark 0.27%

Zambia 0.26%

Senegal 0.26%

Mongolia 0.25%

Macau 0.23%

Turkey 0.20%

Hong Kong 0.20%

Chile 0.18%

Norway 0.16%

Australia 0.15%

Jamaica 0.14%

Peru 0.11%

Israel 0.11%

China 0.08%

Kazakhstan 0.07%

Sri Lanka 0.07%

Guatemala 0.06%

Jordan 0.06%

Iraq 0.06%

Morocco 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 98.71%

Japanese Yen 0.73%

Indian Rupee 0.31%

Egypt Pound 0.26%

Indonesian Rupiah 0.26%

Brazilian Real 0.19%

Russian Rubles 0.18%

Nigerian Naira 0.09%

Argentine Peso 0.05%

Mexican Peso 0.05%

Great British Pound 0.02%

Malaysian Ringgit 0.01%

Swiss Franc -0.01%

Chilean Peso -0.01%

Colombian Peso -0.01%

Canadian Dollar -0.09%

Euro -0.74%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 7.55%

AA 1.46%

A 2.01%

BBB 23.64%

BB 26.12%

B 20.28%

CCC 7.37%

CC 1.63%

C 0.09%

D 0.22%

Not Rated 5.54%

Short Term Investments 1.38%

Reverse Repurchase Agreements -0.12%

N/A 2.83%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 8.54%

1 to 5 years 54.29%

5 to 10 years 26.20%

10 to 20 years 6.11%

20 to 30 years 3.61%

More Than 30 years 0.30%

Other 0.95%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.74%

Average Bond Price: 101.59

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 45.26%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 45.26%

Average Maturity: 5.57 Years

Effective Duration: 4.77 Years

Total Net Assets: $1,048.79 Million

Net Asset Value: $12.16

Number of Holdings: 1613

Portfolio Turnover: 32%



* Investment Operations may include the use of certain portfolio management techniques 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 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 AB Global High Income Fund, Inc.