PR Newswire | Mar 29, 2021 04:06PM EDT

03/29 15:06 CDT

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, March 29, 2021

NEW YORK, March 29, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 1.83%

2) U.S. Treasury Notes 2.875%, 8/15/28 1.29%

3) Argentine Republic Government International Bond 0.125%, 7/ 0.78%09/30 - 7/09/41

4) Dominican Republic International Bond 8.625%, 4/20/27 0.62%

5) Colombian TES Series B 10.00%, 7/24/24 0.54%

6) Nigeria Government International Bond 7.625%, 11/21/25 - 11/ 0.53%28/47

7) Ukraine Government International Bond 7.75%, 9/01/22 - 9/01/ 0.49%24

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

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

10) Petroleos Mexicanos 5.95%, 1/28/31 0.39%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 6.64%

Consumer Non-Cyclical 3.73%

Communications - Media 3.47%

Basic 2.90%

Consumer Cyclical - Automotive 2.49%

Consumer Cyclical - Other 2.44%

Capital Goods 2.30%

Services 2.15%

Consumer Cyclical - Retailers 2.05%

Technology 2.04%

Communications - Telecommunications 1.88%

Consumer Cyclical - Entertainment 1.83%

Transportation - Services 0.55%

Other Industrial 0.33%

Consumer Cyclical - Restaurants 0.17%

Transportation - Airlines 0.14%

SUBTOTAL 35.11%

Credit Default Swaps 26.50%

SUBTOTAL 26.50%

Financial Institutions

Banking 2.22%

Finance 1.17%

REITS 0.98%

Insurance 0.90%

Other Finance 0.44%

Brokerage 0.33%

SUBTOTAL 6.04%

Utility

Electric 0.55%

SUBTOTAL 0.55%

SUBTOTAL 68.20%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 10.73%

Credit Default Swaps 0.46%

SUBTOTAL 11.19%

Corporates - Investment Grade

Financial Institutions

Banking 4.34%

Insurance 1.43%

Finance 0.34%

REITS 0.24%

Other Finance 0.02%

SUBTOTAL 6.37%

Industrial

Basic 0.84%

Consumer Cyclical - Other 0.60%

Transportation - Airlines 0.58%

Energy 0.52%

Technology 0.26%

Capital Goods 0.20%

Other Industrial 0.19%

Consumer Cyclical - Automotive 0.11%

Consumer Non-Cyclical 0.06%

Consumer Cyclical - Retailers 0.06%

Communications - Media 0.05%

Services 0.04%

SUBTOTAL 3.51%

SUBTOTAL 9.88%

Collateralized Mortgage Obligations

Risk Share Floating Rate 7.65%

Non-Agency Fixed Rate 0.58%

Non-Agency Floating Rate 0.49%

Agency Fixed Rate 0.44%

SUBTOTAL 9.16%

Interest Rate Futures 8.48%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.29%

Non-Agency Fixed Rate CMBS 1.25%

Non-Agency Floating Rate CMBS 0.09%

SUBTOTAL 5.63%

Bank Loans

Industrial

Consumer Non-Cyclical 1.07%

Technology 0.98%

Services 0.55%

Consumer Cyclical - Other 0.48%

Capital Goods 0.47%

Communications - Media 0.31%

Consumer Cyclical - Retailers 0.30%

Communications - Telecommunications 0.29%

Energy 0.27%

Other Industrial 0.26%

Consumer Cyclical - Restaurants 0.11%

Consumer Cyclical - Entertainment 0.08%

Consumer Cyclical - Automotive 0.08%

Transportation - Airlines 0.02%

SUBTOTAL 5.27%

Utility

Electric 0.18%

SUBTOTAL 0.18%

Financial Institutions

Insurance 0.13%

SUBTOTAL 0.13%

SUBTOTAL 5.58%

Global Governments 5.47%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.74%

Energy 0.83%

Consumer Cyclical - Other 0.60%

Consumer Non-Cyclical 0.42%

Communications - Telecommunications 0.32%

Capital Goods 0.23%

Communications - Media 0.08%

Transportation - Services 0.04%

SUBTOTAL 4.26%

Utility

Electric 0.38%

SUBTOTAL 0.38%

Financial Institutions

Banking 0.06%

Other Finance 0.04%

Insurance 0.04%

Finance 0.02%

SUBTOTAL 0.16%

SUBTOTAL 4.80%

Interest Rate Swaps 2.75%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.59%

SUBTOTAL 1.59%

Common Stocks 1.55%

Collateralized Loan Obligations

CLO - Floating Rate 1.46%

SUBTOTAL 1.46%

Total Return Swaps 0.99%

Asset-Backed Securities

Other ABS - Fixed Rate 0.43%

Autos - Fixed Rate 0.27%

Home Equity Loans - Fixed Rate 0.25%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 0.96%

Preferred Stocks

Industrial 0.28%

Financial Institutions 0.23%

SUBTOTAL 0.51%

Investment Companies

Funds and Investment Trusts 0.49%

SUBTOTAL 0.49%

Local Governments - US Municipal Bonds 0.33%

Inflation-Linked Securities 0.24%

Emerging Markets - Treasuries 0.22%

Currency Instruments

Forward Currency Exchange Contracts 0.08%

SUBTOTAL 0.08%

Warrants 0.08%

Equity Futures

Equity Index Futures -0.07%

SUBTOTAL -0.07%

Reverse Repurchase Agreements -0.16%

Net Cash Equivalents

Investment Companies 4.06%

Governments - Treasuries 0.34%

Foreign Currency -0.02%

Cash -0.19%

SUBTOTAL 4.19%

Derivative Offsets

Futures Offsets -8.50%

Swaps Offsets -35.10%

SUBTOTAL -43.60%

Total 100.00%

Country Breakdown Portfolio %

United States 67.43%

United Kingdom 2.70%

Brazil 2.62%

Mexico 1.99%

Canada 1.78%

Egypt 1.36%

Luxembourg 1.09%

Colombia 1.07%

Cayman Islands 1.00%

Dominican Republic 0.98%

Switzerland 0.86%

Argentina 0.82%

Nigeria 0.81%

Ukraine 0.79%

Italy 0.76%

France 0.74%

Bahrain 0.73%

Russia 0.65%

Ivory Coast 0.62%

Spain 0.60%

Oman 0.59%

Zambia 0.53%

Kenya 0.50%

Sweden 0.47%

Netherlands 0.46%

Gabon 0.43%

Ghana 0.43%

Angola 0.42%

South Africa 0.40%

Turkey 0.40%

Finland 0.39%

Senegal 0.39%

Macau 0.37%

Germany 0.34%

El Salvador 0.31%

Costa Rica 0.30%

Peru 0.28%

Jersey (Channel Islands) 0.28%

Denmark 0.26%

Indonesia 0.25%

Honduras 0.25%

Jamaica 0.23%

Ecuador 0.23%

Hong Kong 0.23%

Israel 0.22%

India 0.21%

Chile 0.18%

Mongolia 0.17%

Ireland 0.14%

Australia 0.13%

Japan 0.11%

Bermuda 0.11%

Venezuela 0.07%

Kazakhstan 0.07%

Jordan 0.06%

Guatemala 0.06%

United Arab Emirates 0.06%

Iraq 0.05%

Morocco 0.05%

Kuwait 0.04%

Lebanon 0.03%

China 0.03%

Sri Lanka 0.02%

Pakistan 0.02%

Belgium 0.02%

Norway 0.01%

Total Investments 100.00%

Net Currency Exposure Breakdown Portfolio %

United States Dollar 98.19%

Brazilian Real 0.49%

Russian Rubles 0.48%

South African Rand 0.48%

Egypt Pound 0.42%

Mexican Peso 0.23%

New Turkish Lira 0.22%

Canadian Dollar 0.04%

Great British Pound 0.04%

Nigerian Naira 0.02%

Argentine Peso 0.01%

Chinese Yuan Renminbi (Offshore) 0.01%

Malaysian Ringgit 0.01%

Norwegian Krone 0.01%

Taiwan New Dollar 0.01%

Swiss Franc -0.01%

South Korean Won -0.01%

Singapore Dollar -0.01%

Colombian Peso -0.11%

Euro -0.52%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 3.95%

AA 0.83%

A 0.82%

BBB 16.45%

BB 28.53%

B 25.94%

CCC 9.75%

CC 0.28%

C 0.10%

D 0.75%

Not Rated 5.59%

Short Term Investments 4.40%

Reverse Repurchase Agreements -0.16%

N/A 2.77%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 9.28%

1 to 5 years 57.02%

5 to 10 years 21.44%

10 to 20 years 6.17%

20 to 30 years 3.57%

More Than 30 years 0.89%

Other 1.63%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.35%

Average Bond Price: 103.71

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 40.87%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 40.87%

Average Maturity: 5.69 Years

Effective Duration: 4.46 Years

Total Net Assets: $1,110.13 Million

Net Asset Value: $12.87

Number of Holdings: 1687

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.