PR Newswire | Aug 23, 2021 01:20PM EDT

08/23 12:19 CDT

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, Aug. 23, 2021

NEW YORK, Aug. 23, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31, 2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 1.82%

2) U.S. Treasury Notes 2.875%, 8/15/28 1.28%

3) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 0.71%- 6/01/33

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

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

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

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

8) Vistra Operations Co. LLC 4.375%, 5/01/29 0.47%

9) Argentine Republic Government International Bond 1.125%, 7/ 0.46%09/35

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

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 6.86%

Communications - Media 5.48%

Consumer Non-Cyclical 5.20%

Communications - Telecommunications 3.74%

Basic 3.31%

Services 3.24%

Consumer Cyclical - Automotive 2.87%

Technology 2.75%

Capital Goods 2.64%

Consumer Cyclical - Other 2.53%

Consumer Cyclical - Entertainment 2.50%

Consumer Cyclical - Retailers 2.15%

Consumer Cyclical - Restaurants 0.65%

Transportation - Services 0.55%

Transportation - Airlines 0.47%

Other Industrial 0.19%

SUBTOTAL 45.13%

Credit Default Swaps 21.93%

SUBTOTAL 21.93%

Financial Institutions

Banking 2.52%

Finance 1.88%

REITS 1.24%

Insurance 0.88%

Brokerage 0.29%

Other Finance 0.24%

SUBTOTAL 7.05%

Utility

Electric 1.19%

Other Utility 0.14%

SUBTOTAL 1.33%

SUBTOTAL 75.44%

Corporates - Investment Grade

Financial Institutions

Banking 4.24%

Insurance 1.73%

Finance 0.50%

Brokerage 0.12%

REITS 0.12%

Other Finance 0.02%

SUBTOTAL 6.73%

Industrial

Basic 0.66%

Consumer Cyclical - Other 0.64%

Energy 0.49%

Transportation - Airlines 0.45%

Consumer Non-Cyclical 0.38%

Technology 0.32%

Capital Goods 0.21%

Other Industrial 0.17%

Consumer Cyclical - Automotive 0.11%

Communications - Media 0.05%

Consumer Cyclical - Retailers 0.04%

Services 0.02%

SUBTOTAL 3.54%

SUBTOTAL 10.27%

Collateralized Mortgage Obligations

Risk Share Floating Rate 6.39%

Non-Agency Fixed Rate 0.51%

Non-Agency Floating Rate 0.44%

Agency Fixed Rate 0.38%

SUBTOTAL 7.72%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 7.46%

Credit Default Swaps 0.23%

SUBTOTAL 7.69%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.04%

Non-Agency Fixed Rate CMBS 0.98%

Non-Agency Floating Rate CMBS 0.02%

SUBTOTAL 5.04%

Bank Loans

Industrial

Consumer Non-Cyclical 1.00%

Communications - Telecommunications 0.71%

Technology 0.63%

Capital Goods 0.54%

Energy 0.26%

Consumer Cyclical - Retailers 0.24%

Communications - Media 0.21%

Consumer Cyclical - Other 0.21%

Other Industrial 0.19%

Services 0.18%

Consumer Cyclical - Restaurants 0.11%

Consumer Cyclical - Entertainment 0.08%

Consumer Cyclical - Automotive 0.04%

SUBTOTAL 4.40%

Financial Institutions

Insurance 0.22%

SUBTOTAL 0.22%

Utility

Electric 0.17%

SUBTOTAL 0.17%

SUBTOTAL 4.79%

Interest Rate Futures 4.57%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.46%

Energy 0.76%

Consumer Cyclical - Other 0.62%

Communications - Telecommunications 0.40%

Capital Goods 0.35%

Consumer Non-Cyclical 0.16%

Communications - Media 0.07%

Services 0.03%

SUBTOTAL 3.85%

Utility

Electric 0.36%

SUBTOTAL 0.36%

Financial Institutions

Banking 0.05%

Insurance 0.04%

Other Finance 0.02%

Finance 0.02%

SUBTOTAL 0.13%

SUBTOTAL 4.34%

Global Governments 4.04%

Collateralized Loan Obligations

CLO - Floating Rate 1.83%

SUBTOTAL 1.83%

Common Stocks 1.75%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.31%

SUBTOTAL 1.31%

Total Return Swaps 0.95%

Asset-Backed Securities

Other ABS - Fixed Rate 0.27%

Home Equity Loans - Fixed Rate 0.22%

Autos - Fixed Rate 0.17%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 0.67%

Preferred Stocks

Industrial 0.34%

Financial Institutions 0.10%

SUBTOTAL 0.44%

Local Governments - US Municipal Bonds 0.34%

Inflation-Linked Securities 0.22%

Currency Instruments

Forward Currency Exchange Contracts 0.14%

SUBTOTAL 0.14%

Warrants 0.06%

Reverse Repurchase Agreements -0.14%

Net Cash Equivalents

Investment Companies 1.18%

Foreign Currency -0.02%

SUBTOTAL 1.16%

Derivative Offsets

Futures Offsets -4.34%

Swaps Offsets -28.29%

SUBTOTAL -32.63%

Total 100.00%

Country Breakdown Portfolio %

United States 72.13%

United Kingdom 3.21%

Canada 2.21%

Mexico 1.53%

France 1.48%

Brazil 1.23%

Luxembourg 1.17%

Egypt 0.95%

Spain 0.94%

Switzerland 0.85%

Nigeria 0.80%

Argentina 0.77%

Italy 0.75%

Ukraine 0.73%

Dominican Republic 0.67%

Bahrain 0.67%

Germany 0.59%

Ivory Coast 0.56%

Oman 0.55%

Zambia 0.52%

Colombia 0.50%

Finland 0.48%

Sweden 0.44%

Ghana 0.40%

Angola 0.39%

Netherlands 0.39%

Macau 0.36%

Senegal 0.36%

Gabon 0.34%

Jersey (Channel Islands) 0.30%

Australia 0.29%

El Salvador 0.27%

Denmark 0.25%

Jamaica 0.24%

Indonesia 0.24%

Hong Kong 0.24%

Israel 0.23%

Peru 0.22%

India 0.20%

China 0.18%

Ecuador 0.18%

Turkey 0.17%

Bermuda 0.16%

South Africa 0.15%

Chile 0.13%

Japan 0.11%

Trinidad & Tobago 0.08%

Venezuela 0.07%

Ireland 0.07%

Panama 0.06%

Guatemala 0.04%

Kuwait 0.04%

Morocco 0.04%

Cayman Islands 0.02%

Belgium 0.02%

Czech Republic 0.02%

Norway 0.01%

Total Investments 100.00%

Net Currency Exposure Breakdown Portfolio %

United States Dollar 100.00%

Canadian Dollar 0.11%

Great British Pound 0.06%

Norwegian Krone 0.02%

Argentine Peso 0.01%

Indonesian Rupiah 0.01%

Malaysian Ringgit 0.01%

Singapore Dollar 0.01%

South African Rand 0.01%

Brazilian Real -0.01%

Swiss Franc -0.01%

Chilean Peso -0.01%

Mexican Peso -0.01%

Colombian Peso -0.09%

Euro -0.11%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 3.34%

AA 0.61%

A 0.79%

BBB 14.76%

BB 34.30%

B 26.72%

CCC 9.53%

CC 0.20%

C 0.16%

D 0.19%

Not Rated 4.88%

Short Term Investments 1.18%

Reverse Repurchase Agreements -0.14%

N/A 3.48%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 8.13%

1 to 5 years 56.09%

5 to 10 years 24.39%

10 to 20 years 5.78%

20 to 30 years 3.56%

More Than 30 years 0.24%

Other 1.81%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 7.08%

Average Bond Price: 104.15

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 28.08%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 28.08%

Average Maturity: 5.37 Years

Effective Duration: 4.40 Years

Total Net Assets: $1,126.21 Million

Net Asset Value: $13.06

Number of Holdings: 1547

Portfolio Turnover: 51%

* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase 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.