PR Newswire | Sep 27, 2021 06:01PM EDT

09/27 17:00 CDT

AllianceBernstein Closed-End Funds Announce Distribution Rates NEW YORK, Sept. 27, 2021

NEW YORK, Sept. 27, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of August 31,2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

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

2) U.S. Treasury Notes 2.875%, 8/15/28 1.27%

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

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

5) Sirius XM Radio, Inc. 4.00%, 7/15/28 0.59%

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

7) Altice Financing SA 5.75%, 8/15/29 0.51%

8) Argentine Republic Government International Bond 1.125%, 7/09/35 0.50%

9) Royal Caribbean Cruises Ltd. 5.50%, 8/31/26 - 4/01/28 0.48%

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

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 6.84%

Communications - Media 5.77%

Consumer Non-Cyclical 5.27%

Services 3.47%

Basic 3.10%

Communications - Telecommunications 2.99%

Consumer Cyclical - Automotive 2.93%

Technology 2.79%

Consumer Cyclical - Other 2.70%

Capital Goods 2.63%

Consumer Cyclical - Entertainment 2.38%

Consumer Cyclical - Retailers 2.19%

Consumer Cyclical - Restaurants 0.65%

Transportation - Services 0.53%

Transportation - Airlines 0.47%

Other Industrial 0.18%

SUBTOTAL 44.89%

Credit Default Swaps 21.72%

SUBTOTAL 21.72%

Financial Institutions

Banking 2.23%

Finance 1.69%

REITS 1.26%

Insurance 0.89%

Brokerage 0.29%

Other Finance 0.24%

SUBTOTAL 6.60%

Utility

Electric 1.01%

Other Utility 0.14%

SUBTOTAL 1.15%

SUBTOTAL 74.36%

Corporates - Investment Grade

Financial Institutions

Banking 3.59%

Insurance 1.69%

Finance 0.57%

Brokerage 0.12%

REITS 0.12%

Other Finance 0.02%

SUBTOTAL 6.11%

Industrial

Basic 0.94%

Communications - Telecommunications 0.75%

Consumer Cyclical - Other 0.55%

Energy 0.50%

Consumer Non-Cyclical 0.49%

Transportation - Airlines 0.43%

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 4.58%

SUBTOTAL 10.69%

Collateralized Mortgage Obligations

Risk Share Floating Rate 6.30%

Non-Agency Fixed Rate 0.49%

Non-Agency Floating Rate 0.43%

Agency Fixed Rate 0.37%

SUBTOTAL 7.59%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 7.20%

Credit Default Swaps 0.23%

SUBTOTAL 7.43%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.02%

Non-Agency Fixed Rate CMBS 1.02%

Non-Agency Floating Rate CMBS 0.02%

SUBTOTAL 5.06%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.57%

Energy 0.76%

Consumer Cyclical - Other 0.62%

Communications - Telecommunications 0.40%

Capital Goods 0.34%

Consumer Non-Cyclical 0.16%

Communications - Media 0.07%

Services 0.03%

SUBTOTAL 3.95%

Utility

Electric 0.36%

SUBTOTAL 0.36%

Financial Institutions

REITS 0.13%

Banking 0.05%

Insurance 0.04%

Other Finance 0.02%

Finance 0.02%

SUBTOTAL 0.26%

SUBTOTAL 4.57%

Interest Rate Futures 4.55%

Bank Loans

Industrial

Consumer Non-Cyclical 0.86%

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 0.20%

Services 0.18%

Other Industrial 0.17%

Consumer Cyclical - Restaurants 0.07%

Consumer Cyclical - Automotive 0.04%

SUBTOTAL 4.11%

Financial Institutions

Insurance 0.22%

SUBTOTAL 0.22%

Utility

Electric 0.22%

SUBTOTAL 0.22%

SUBTOTAL 4.55%

Global Governments 3.91%

Collateralized Loan Obligations

CLO - Floating Rate 1.83%

SUBTOTAL 1.83%

Common Stocks 1.80%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.35%

SUBTOTAL 1.35%

Total Return Swaps 0.95%

Asset-Backed Securities

Other ABS - Fixed Rate 0.25%

Home Equity Loans - Fixed Rate 0.21%

Autos - Fixed Rate 0.17%

Home Equity Loans - Floating Rate 0.01%

SUBTOTAL 0.64%

Local Governments - US Municipal Bonds 0.47%

Preferred Stocks

Industrial 0.34%

Financial Institutions 0.10%

SUBTOTAL 0.44%

Inflation-Linked Securities 0.23%

Warrants 0.05%

Currency Instruments

Forward Currency Exchange Contracts 0.01%

SUBTOTAL 0.01%

Reverse Repurchase Agreements -0.06%

Net Cash Equivalents

Investment Companies 1.48%

Cash 0.71%

Foreign Currency -0.02%

SUBTOTAL 2.17%

Derivative Offsets

Futures Offsets -4.53%

Swaps Offsets -28.06%

SUBTOTAL -32.59%

Total 100.00%

Country Breakdown Portfolio %

United States 72.27%

United Kingdom 2.84%

Canada 2.21%

Luxembourg 1.52%

France 1.48%

Mexico 1.43%

Brazil 1.24%

Spain 0.94%

Switzerland 0.85%

Argentina 0.82%

Nigeria 0.80%

Egypt 0.74%

Ukraine 0.72%

Germany 0.72%

Bahrain 0.67%

Dominican Republic 0.63%

Italy 0.58%

Ivory Coast 0.57%

Zambia 0.52%

Colombia 0.51%

Oman 0.51%

Finland 0.48%

Sweden 0.44%

Ghana 0.40%

Netherlands 0.40%

Angola 0.40%

China 0.38%

Senegal 0.36%

Macau 0.36%

Gabon 0.34%

Australia 0.30%

Jersey (Channel Islands) 0.30%

El Salvador 0.27%

Turkey 0.26%

Jamaica 0.25%

Indonesia 0.24%

Hong Kong 0.24%

Israel 0.23%

Peru 0.23%

India 0.20%

Ecuador 0.18%

Bermuda 0.17%

South Africa 0.15%

Denmark 0.13%

Chile 0.13%

Japan 0.11%

Panama 0.10%

Trinidad & Tobago 0.09%

Venezuela 0.07%

Ireland 0.07%

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 100.48%

Canadian Dollar 0.11%

Great British Pound 0.02%

Argentine Peso 0.01%

Indian Rupee 0.01%

Malaysian Ringgit 0.01%

Norwegian Krone 0.01%

Polish Zloty 0.01%

Russian Rubles 0.01%

Brazilian Real -0.01%

Chinese Yuan Renminbi (Offshore) -0.01%

Japanese Yen -0.01%

New Zealand Dollar -0.01%

Colombian Peso -0.10%

Euro -0.53%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 3.19%

AA 0.31%

A 0.82%

BBB 14.97%

BB 33.79%

B 27.07%

CCC 8.73%

CC 0.21%

C 0.14%

D 0.21%

Not Rated 4.86%

Short Term Investments 1.48%

Reverse Repurchase Agreements -0.06%

N/A 4.28%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 9.42%

1 to 5 years 54.96%

5 to 10 years 24.62%

10 to 20 years 5.42%

20 to 30 years 3.49%

More Than 30 years 0.24%

Other 1.85%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 6.98%

Average Bond Price: 104.08

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 27.32%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 27.32%

Average Maturity: 5.35 Years

Effective Duration: 4.38 Years

Total Net Assets: $1,129.28 Million

Net Asset Value: $13.10

Number of Holdings: 1563

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 AllianceBernstein Closed-End Funds