PR Newswire | Feb 22, 2021 04:06PM EST

02/22 15:06 CST

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, Feb. 22, 2021

NEW YORK, Feb. 22, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of January 31, 2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23 2.64%

2) U.S. Treasury Notes 2.25%, 2/15/27 1.86%

3) U.S. Treasury Notes 2.875%, 8/15/28 1.32%

4) Argentine Republic Government International Bond 0.125%, 0.82%7/09/30 - 7/09/41

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

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/ 0.49%01/24

9) Oman Government International Bond 4.125%, 1/17/23 0.39%

10) First Quantum Minerals Ltd. 7.25%, 4/01/23 0.39%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 6.36%

Consumer Non-Cyclical 3.52%

Communications - Media 3.50%

Basic 2.79%

Consumer Cyclical - Automotive 2.60%

Capital Goods 2.48%

Consumer Cyclical - Other 2.45%

Services 2.21%

Technology 2.05%

Consumer Cyclical - Retailers 1.86%

Consumer Cyclical - Entertainment 1.76%

Communications - Telecommunications 1.71%

Transportation - Services 0.47%

Other Industrial 0.35%

Consumer Cyclical - Restaurants 0.17%

Transportation - Airlines 0.14%

SUBTOTAL 34.42%

Credit Default Swaps 26.36%

SUBTOTAL 26.36%

Financial Institutions

Banking 2.29%

Finance 1.02%

REITS 0.97%

Insurance 0.91%

Other Finance 0.44%

Brokerage 0.33%

SUBTOTAL 5.96%

Utility

Electric 0.54%

SUBTOTAL 0.54%

SUBTOTAL 67.28%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 10.90%

Credit Default Swaps 0.46%

SUBTOTAL 11.36%

Corporates - Investment Grade

Financial Institutions

Banking 4.34%

Insurance 1.49%

Finance 0.46%

REITS 0.24%

Other Finance 0.02%

SUBTOTAL 6.55%

Industrial

Basic 0.84%

Consumer Cyclical - Other 0.61%

Transportation - Airlines 0.57%

Energy 0.48%

Technology 0.26%

Capital Goods 0.20%

Other Industrial 0.19%

Consumer Non-Cyclical 0.14%

Consumer Cyclical - Automotive 0.13%

Communications - Media 0.07%

Consumer Cyclical - Retailers 0.05%

Services 0.04%

SUBTOTAL 3.58%

SUBTOTAL 10.13%

Collateralized Mortgage Obligations

Risk Share Floating Rate 7.74%

Non-Agency Fixed Rate 0.59%

Non-Agency Floating Rate 0.48%

Agency Fixed Rate 0.44%

SUBTOTAL 9.25%

Interest Rate Futures 8.81%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.90%

Non-Agency Fixed Rate CMBS 1.24%

Non-Agency Floating Rate CMBS 0.09%

SUBTOTAL 6.23%

Global Governments 5.61%

Bank Loans

Industrial

Consumer Non-Cyclical 1.15%

Technology 0.91%

Services 0.58%

Consumer Cyclical - Other 0.48%

Capital Goods 0.46%

Communications - Media 0.31%

Communications - Telecommunications 0.29%

Other Industrial 0.26%

Consumer Cyclical - Retailers 0.16%

Consumer Cyclical - Restaurants 0.11%

Consumer Cyclical - Entertainment 0.08%

Consumer Cyclical - Automotive 0.08%

Basic 0.05%

Energy 0.05%

Transportation - Airlines 0.02%

SUBTOTAL 4.99%

Utility

Electric 0.17%

SUBTOTAL 0.17%

Financial Institutions

Insurance 0.12%

SUBTOTAL 0.12%

SUBTOTAL 5.28%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.68%

Energy 0.79%

Consumer Cyclical - Other 0.59%

Consumer Non-Cyclical 0.43%

Communications - Telecommunications 0.26%

Capital Goods 0.24%

Communications - Media 0.08%

Transportation - Services 0.04%

SUBTOTAL 4.11%

Utility

Electric 0.38%

SUBTOTAL 0.38%

Financial Institutions

Insurance 0.07%

Banking 0.05%

Finance 0.02%

SUBTOTAL 0.14%

SUBTOTAL 4.63%

Emerging Markets - Treasuries 2.64%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.49%

SUBTOTAL 1.49%

Common Stocks 1.47%

Collateralized Loan Obligations

CLO - Floating Rate 1.26%

SUBTOTAL 1.26%

Total Return Swaps 0.98%

Asset-Backed Securities

Other ABS - Fixed Rate 0.44%

Autos - Fixed Rate 0.27%

Home Equity Loans - Fixed Rate 0.25%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 0.97%

Investment Companies

Funds and Investment Trusts 0.50%

SUBTOTAL 0.50%

Local Governments - US Municipal Bonds 0.34%

Preferred Stocks

Financial Institutions 0.23%

Industrial 0.10%

SUBTOTAL 0.33%

Inflation-Linked Securities 0.25%

Currency Instruments

Forward Currency Exchange Contracts 0.12%

SUBTOTAL 0.12%

Warrants 0.05%

Equity Futures

Equity Index Futures -0.12%

SUBTOTAL -0.12%

Reverse Repurchase Agreements -0.33%

Net Cash Equivalents

Investment Companies 3.14%

Governments - Treasuries 0.34%

Foreign Currency -0.02%

Cash -0.18%

SUBTOTAL 3.28%

Derivative Offsets

Futures Offsets -8.89%

Swaps Offsets -32.92%

SUBTOTAL -41.81%

Total 100.00%

Country Breakdown Portfolio %

United States 65.06%

Brazil 5.23%

United Kingdom 2.68%

Mexico 1.88%

Canada 1.79%

Egypt 1.38%

Colombia 1.10%

Luxembourg 1.06%

Dominican Republic 1.01%

Cayman Islands 0.99%

Argentina 0.86%

Switzerland 0.85%

Nigeria 0.81%

Ukraine 0.80%

Italy 0.77%

Bahrain 0.73%

France 0.73%

Russia 0.65%

Ivory Coast 0.63%

Spain 0.59%

Oman 0.59%

Zambia 0.52%

Netherlands 0.52%

Kenya 0.49%

Sweden 0.47%

Gabon 0.43%

Angola 0.42%

South Africa 0.41%

Senegal 0.40%

Finland 0.39%

Ghana 0.38%

Macau 0.36%

Germany 0.34%

El Salvador 0.31%

Costa Rica 0.29%

Jersey (Channel Islands) 0.27%

Denmark 0.26%

Ireland 0.26%

Peru 0.25%

Honduras 0.25%

Indonesia 0.25%

Hong Kong 0.23%

Ecuador 0.23%

Israel 0.22%

India 0.20%

Turkey 0.18%

Chile 0.18%

Jamaica 0.17%

Mongolia 0.16%

Bermuda 0.13%

Australia 0.13%

Japan 0.11%

Kazakhstan 0.07%

Venezuela 0.07%

Jordan 0.06%

Guatemala 0.06%

United Arab Emirates 0.06%

Iraq 0.05%

Morocco 0.05%

Kuwait 0.04%

China 0.03%

Lebanon 0.03%

Sri Lanka 0.03%

Pakistan 0.02%

Belgium 0.02%

Norway 0.01%

Total Investments 100.00%

Net Currency Exposure Breakdown Portfolio %

United States Dollar 98.23%

Brazilian Real 0.50%

South African Rand 0.48%

Russian Rubles 0.47%

Egypt Pound 0.42%

Indonesian Rupiah 0.25%

Mexican Peso 0.24%

Great British Pound 0.05%

Canadian Dollar 0.03%

Nigerian Naira 0.02%

Argentine Peso 0.01%

Malaysian Ringgit 0.01%

Norwegian Krone 0.01%

Swedish Krona 0.01%

Taiwan New Dollar 0.01%

Swiss Franc -0.01%

Polish Zloty -0.01%

Colombian Peso -0.10%

Euro -0.62%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 5.15%

AA 0.86%

A 0.82%

BBB 16.61%

BB 29.78%

B 25.58%

CCC 9.83%

CC 0.27%

C 0.10%

D 0.68%

Not Rated 5.68%

Short Term Investments 3.47%

Reverse Repurchase Agreements -0.33%

N/A 1.50%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 5.93%

1 to 5 years 61.11%

5 to 10 years 21.45%

10 to 20 years 5.81%

20 to 30 years 3.61%

More Than 30 years 0.57%

Other 1.52%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.57%

Average Bond Price: 104.39

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 41.83%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 41.83%

Average Maturity: 5.41 Years

Effective Duration: 4.40 Years

Total Net Assets: $1,115.03 Million

Net Asset Value: $12.93

Number of Holdings: 1623

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.