PR Newswire | Nov 22, 2021 04:27PM EST

11/22 15:26 CST

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

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

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 1.79%

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

3) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/ 0.69%30 - 6/01/33

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

5) Altice France SA/France 5.125%, 7/15/29 0.55%

6) Sirius XM Radio, Inc. 4.00%, 7/15/28 0.52%

7) Altice Financing SA 5.75%, 8/15/29 0.50%

8) Royal Caribbean Cruises Ltd. 5.50%, 8/31/26 - 4/01/28 0.49%

9) Nigeria Government International Bond 7.625%, 11/21/25 - 0.46%11/28/47

10) Vistra Operations Co. LLC 4.375%, 5/01/29 0.45%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 7.33%

Consumer Non-Cyclical 6.28%

Communications - Media 5.56%

Services 3.51%

Basic 3.02%

Communications - Telecommunications 2.94%

Consumer Cyclical - Other 2.88%

Consumer Cyclical - Automotive 2.80%

Capital Goods 2.65%

Consumer Cyclical - Entertainment 2.57%

Technology 2.53%

Consumer Cyclical - Retailers 2.23%

Transportation - Services 0.70%

Consumer Cyclical - Restaurants 0.64%

Transportation - Airlines 0.49%

Other Industrial 0.19%

SUBTOTAL 46.32%

Credit Default Swaps 20.29%

SUBTOTAL 20.29%

Financial Institutions

Banking 2.25%

Finance 1.67%

REITs 1.41%

Insurance 0.89%

Brokerage 0.39%

Other Finance 0.23%

SUBTOTAL 6.84%

Utility

Electric 1.30%

SUBTOTAL 1.30%

SUBTOTAL 74.75%

Corporates - Investment Grade

Financial Institutions

Banking 3.47%

Insurance 1.68%

Finance 0.62%

REITs 0.26%

Brokerage 0.12%

Other Finance 0.02%

SUBTOTAL 6.17%

Industrial

Basic 1.00%

Communications - Telecommunications 0.68%

Energy 0.57%

Consumer Cyclical - Other 0.54%

Consumer Non-Cyclical 0.50%

Transportation - Airlines 0.44%

Technology 0.26%

Capital Goods 0.22%

Other Industrial 0.15%

Consumer Cyclical - Automotive 0.11%

Communications - Media 0.10%

Services 0.04%

Consumer Cyclical - Retailers 0.03%

SUBTOTAL 4.64%

Utility

Electric 0.01%

SUBTOTAL 0.01%

SUBTOTAL 10.82%

Collateralized Mortgage Obligations

Risk Share Floating Rate 5.94%

Non-Agency Fixed Rate 0.49%

Non-Agency Floating Rate 0.40%

Agency Fixed Rate 0.36%

SUBTOTAL 7.19%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 6.84%

Credit Default Swaps 0.23%

SUBTOTAL 7.07%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.08%

Non-Agency Fixed Rate CMBS 1.04%

Non-Agency Floating Rate CMBS 0.02%

SUBTOTAL 5.14%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.47%

Energy 0.77%

Consumer Cyclical - Other 0.57%

Capital Goods 0.34%

Communications - Telecommunications 0.34%

Consumer Non-Cyclical 0.16%

Technology 0.14%

Services 0.07%

Communications - Media 0.04%

SUBTOTAL 3.90%

Financial Institutions

REITs 0.49%

Banking 0.05%

Insurance 0.04%

Other Finance 0.02%

Finance 0.02%

SUBTOTAL 0.62%

Utility

Electric 0.37%

SUBTOTAL 0.37%

SUBTOTAL 4.89%

Bank Loans

Industrial

Technology 0.85%

Consumer Non-Cyclical 0.76%

Communications - Telecommunications 0.71%

Capital Goods 0.56%

Other Industrial 0.28%

Consumer Cyclical - Retailers 0.24%

Communications - Media 0.22%

Consumer Cyclical - Other 0.20%

Services 0.18%

Consumer Cyclical - Restaurants 0.08%

Energy 0.05%

Consumer Cyclical - Automotive 0.04%

SUBTOTAL 4.17%

Utility

Electric 0.23%

SUBTOTAL 0.23%

Financial Institutions

Insurance 0.22%

SUBTOTAL 0.22%

SUBTOTAL 4.62%

Interest Rate Futures 4.56%

Global Governments 3.87%

Collateralized Loan Obligations

CLO - Floating Rate 2.06%

SUBTOTAL 2.06%

Common Stocks 1.84%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.20%

SUBTOTAL 1.20%

Total Return Swaps 0.91%

Asset-Backed Securities

Other ABS - Fixed Rate 0.24%

Home Equity Loans - Fixed Rate 0.21%

Autos - Fixed Rate 0.07%

SUBTOTAL 0.52%

Local Governments - US Municipal Bonds 0.47%

Preferred Stocks

Industrial 0.37%

Financial Institutions 0.10%

SUBTOTAL 0.47%

Inflation-Linked Securities 0.23%

Currency Instruments

Forward Currency Exchange Contracts 0.11%

SUBTOTAL 0.11%

Warrants 0.06%

Reverse Repurchase Agreements -0.35%

Net Cash Equivalents

Investment Companies 0.89%

Cash 0.37%

Foreign Currency -0.02%

SUBTOTAL 1.24%

Derivative Offsets

Futures Offsets -4.62%

Swaps Offsets -27.05%

SUBTOTAL -31.67%

Total 100.00%

Country Breakdown Portfolio %

United States 71.76%

United Kingdom 3.28%

Canada 2.22%

France 1.66%

Luxembourg 1.54%

Brazil 1.32%

Mexico 1.24%

Spain 1.24%

Nigeria 0.77%

Argentina 0.73%

Germany 0.73%

China 0.71%

Ukraine 0.71%

Egypt 0.69%

Bahrain 0.67%

Switzerland 0.65%

Dominican Republic 0.62%

Italy 0.57%

Colombia 0.55%

Ivory Coast 0.54%

Zambia 0.52%

Oman 0.50%

Finland 0.47%

Sweden 0.42%

Netherlands 0.41%

Ghana 0.39%

Angola 0.38%

Senegal 0.35%

India 0.34%

Gabon 0.34%

Macau 0.33%

Peru 0.32%

Jersey (Channel Islands) 0.30%

Australia 0.29%

El Salvador 0.24%

Israel 0.23%

Jamaica 0.22%

Indonesia 0.22%

Hong Kong 0.21%

South Africa 0.19%

Ecuador 0.17%

Ireland 0.16%

Denmark 0.13%

Turkey 0.12%

Japan 0.10%

Chile 0.10%

Bermuda 0.08%

Venezuela 0.07%

Panama 0.06%

Kuwait 0.04%

Morocco 0.03%

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 100.21%

Canadian Dollar 0.11%

Great British Pound 0.02%

Norwegian Krone 0.02%

Argentine Peso 0.01%

Malaysian Ringgit 0.01%

Russian Rubles 0.01%

Singapore Dollar 0.01%

South African Rand 0.01%

Swiss Franc -0.01%

Chilean Peso -0.01%

Taiwan New Dollar -0.01%

Colombian Peso -0.10%

Euro -0.28%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 4.11%

AA 0.30%

A 0.72%

BBB 14.78%

BB 35.10%

B 27.48%

CCC 8.62%

CC 0.19%

C 0.15%

D 0.19%

Not Rated 4.89%

Short Term Investments 0.89%

Reverse Repurchase Agreements -0.35%

N/A 2.93%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 10.00%

1 to 5 years 47.23%

5 to 10 years 31.39%

10 to 20 years 5.93%

20 to 30 years 3.30%

More Than 30 years 0.25%

Other 1.90%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 6.99%

Average Bond Price: 102.48

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 27.17%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 27.17%

Average Maturity: 5.71 Years

Effective Duration: 4.43 Years

Total Net Assets: $1,113.04 Million

Net Asset Value: $12.91

Number of Holdings: 1648

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.