PR Newswire | Jul 26, 2021 04:06PM EDT

07/26 15:06 CDT

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, July 26, 2021

NEW YORK, July 26, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 30, 2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 1.80%

2) U.S. Treasury Notes 2.875%, 8/15/28 1.26%

3) Argentine Republic Government International Bond 0.125%, 0.71%7/09/30 - 7/09/41

4) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/ 0.70%30 - 6/01/33

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

6) Sirius XM Radio, Inc. 4.00%, 7/15/28 0.60%

7) Altice France SA/France 5.125%, 7/15/29 0.56%

8) Nigeria Government International Bond 7.625%, 11/21/25 - 0.47%11/28/47

9) Vistra Operations Co. LLC 4.375%, 5/01/29 0.46%

10) Ukraine Government International Bond 7.75%, 9/01/22 - 9 0.44%/01/24

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 6.88%

Communications - Media 5.28%

Consumer Non-Cyclical 5.04%

Communications - Telecommunications 3.58%

Basic 3.40%

Consumer Cyclical - Other 2.69%

Services 2.64%

Technology 2.54%

Capital Goods 2.54%

Consumer Cyclical - Automotive 2.54%

Consumer Cyclical - Entertainment 2.44%

Consumer Cyclical - Retailers 2.15%

Consumer Cyclical - Restaurants 0.64%

Transportation - Services 0.51%

Transportation - Airlines 0.44%

Other Industrial 0.19%

SUBTOTAL 43.50%

Credit Default Swaps 22.10%

SUBTOTAL 22.10%

Financial Institutions

Banking 2.48%

Finance 1.63%

REITS 1.13%

Insurance 0.83%

Other Finance 0.44%

Brokerage 0.30%

SUBTOTAL 6.81%

Utility

Electric 1.17%

Other Utility 0.14%

SUBTOTAL 1.31%

SUBTOTAL 73.72%

Corporates - Investment Grade

Financial Institutions

Banking 4.20%

Insurance 1.45%

Finance 0.50%

Brokerage 0.12%

REITS 0.12%

Other Finance 0.02%

SUBTOTAL 6.41%

Industrial

Basic 0.72%

Consumer Cyclical - Other 0.63%

Transportation - Airlines 0.50%

Energy 0.49%

Consumer Non-Cyclical 0.37%

Technology 0.31%

Capital Goods 0.21%

Other Industrial 0.19%

Consumer Cyclical - Automotive 0.11%

Communications - Media 0.05%

Consumer Cyclical - Retailers 0.04%

Services 0.02%

SUBTOTAL 3.64%

SUBTOTAL 10.05%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 7.67%

Credit Default Swaps 0.23%

SUBTOTAL 7.90%

Collateralized Mortgage Obligations

Risk Share Floating Rate 6.50%

Non-Agency Fixed Rate 0.52%

Non-Agency Floating Rate 0.43%

Agency Fixed Rate 0.39%

SUBTOTAL 7.84%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.05%

Non-Agency Fixed Rate CMBS 0.97%

Non-Agency Floating Rate CMBS 0.02%

SUBTOTAL 5.04%

Bank Loans

Industrial

Consumer Non-Cyclical 0.95%

Communications - Telecommunications 0.66%

Technology 0.63%

Capital Goods 0.54%

Other Industrial 0.31%

Energy 0.27%

Consumer Cyclical - Retailers 0.24%

Services 0.23%

Communications - Media 0.22%

Consumer Cyclical - Other 0.21%

Consumer Cyclical - Restaurants 0.11%

Consumer Cyclical - Entertainment 0.08%

Consumer Cyclical - Automotive 0.07%

SUBTOTAL 4.52%

Financial Institutions

Insurance 0.22%

SUBTOTAL 0.22%

Utility

Electric 0.17%

SUBTOTAL 0.17%

SUBTOTAL 4.91%

Interest Rate Futures 4.39%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.42%

Energy 0.76%

Consumer Cyclical - Other 0.61%

Communications - Telecommunications 0.40%

Capital Goods 0.35%

Consumer Non-Cyclical 0.16%

Communications - Media 0.07%

Services 0.03%

SUBTOTAL 3.80%

Utility

Electric 0.40%

SUBTOTAL 0.40%

Financial Institutions

Banking 0.06%

Insurance 0.04%

Other Finance 0.02%

Finance 0.02%

SUBTOTAL 0.14%

SUBTOTAL 4.34%

Global Governments 3.98%

Common Stocks 1.75%

Collateralized Loan Obligations

CLO - Floating Rate 1.72%

SUBTOTAL 1.72%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.35%

SUBTOTAL 1.35%

Total Return Swaps 0.94%

Asset-Backed Securities

Other ABS - Fixed Rate 0.29%

Autos - Fixed Rate 0.27%

Home Equity Loans - Fixed Rate 0.22%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 0.79%

Preferred Stocks

Industrial 0.34%

Financial Institutions 0.10%

SUBTOTAL 0.44%

Local Governments - US Municipal Bonds 0.34%

Inflation-Linked Securities 0.23%

Currency Instruments

Forward Currency Exchange Contracts 0.14%

SUBTOTAL 0.14%

Warrants 0.07%

Reverse Repurchase Agreements -0.06%

Net Cash Equivalents

Investment Companies 2.59%

Cash 0.11%

Foreign Currency -0.02%

SUBTOTAL 2.68%

Derivative Offsets

Futures Offsets -4.29%

Swaps Offsets -28.27%

SUBTOTAL -32.56%

Total 100.00%

Country Breakdown Portfolio %

United States 71.68%

United Kingdom 2.65%

Canada 2.27%

Mexico 1.57%

France 1.41%

Luxembourg 1.23%

Brazil 1.18%

Cayman Islands 0.98%

Egypt 0.96%

Switzerland 0.85%

Spain 0.85%

Nigeria 0.80%

Argentina 0.75%

Ukraine 0.74%

Italy 0.74%

Bahrain 0.67%

Dominican Republic 0.67%

Oman 0.57%

Ivory Coast 0.56%

Zambia 0.52%

Colombia 0.52%

Finland 0.46%

Netherlands 0.45%

Sweden 0.44%

Ghana 0.41%

Angola 0.39%

Germany 0.38%

Peru 0.37%

Macau 0.36%

Senegal 0.35%

Gabon 0.34%

Jersey (Channel Islands) 0.29%

Australia 0.29%

El Salvador 0.28%

Denmark 0.25%

Indonesia 0.25%

Jamaica 0.24%

Hong Kong 0.24%

Israel 0.22%

Bermuda 0.21%

India 0.20%

Kenya 0.19%

China 0.18%

Turkey 0.17%

Ecuador 0.17%

South Africa 0.15%

Chile 0.13%

Japan 0.11%

Venezuela 0.07%

Ireland 0.07%

Panama 0.06%

Kuwait 0.04%

Morocco 0.04%

Belgium 0.02%

Norway 0.01%

Total Investments 100.00%

Net Currency Exposure Breakdown Portfolio %

United States Dollar 100.41%

Canadian Dollar 0.06%

Great British Pound 0.06%

Norwegian Krone 0.02%

Argentine Peso 0.01%

Indian Rupee 0.01%

South Korean Won 0.01%

Malaysian Ringgit 0.01%

Russian Rubles 0.01%

Brazilian Real -0.01%

Japanese Yen -0.01%

Mexican Peso -0.01%

Colombian Peso -0.09%

Euro -0.48%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 3.33%

AA 0.64%

A 0.80%

BBB 14.62%

BB 33.26%

B 26.36%

CCC 9.55%

CC 0.21%

C 0.16%

D 0.20%

Not Rated 4.93%

Short Term Investments 2.59%

Reverse Repurchase Agreements -0.06%

N/A 3.41%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 9.31%

1 to 5 years 55.68%

5 to 10 years 23.31%

10 to 20 years 5.89%

20 to 30 years 3.57%

More Than 30 years 0.43%

Other 1.81%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.03%

Average Bond Price: 104.28

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 28.15%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 28.15%

Average Maturity: 5.56 Years

Effective Duration: 4.29 Years

Total Net Assets: $1,128.26 Million

Net Asset Value: $13.08

Number of Holdings: 1723

Portfolio Turnover: 51%

* 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.