PR Newswire | Dec 28, 2021 04:06PM EST

12/28 15:06 CST

AB Global High Income Fund, Inc. Releases Monthly Portfolio Update NEW YORK, Dec. 28, 2021

NEW YORK, Dec. 28, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 1.62%

2) U.S. Treasury Notes 2.875%, 8/15/28 1.14%

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

6) Sirius XM Radio, Inc. 4.00%, 7/15/28 0.51%

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

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

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

10) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47 0.44%

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 7.18%

Consumer Non-Cyclical 6.67%

Communications - Media 5.61%

Services 3.34%

Basic 3.33%

Communications - Telecommunications 3.16%

Consumer Cyclical - Other 2.98%

Consumer Cyclical - Automotive 2.83%

Capital Goods 2.48%

Technology 2.47%

Consumer Cyclical - Retailers 2.42%

Consumer Cyclical - Entertainment 2.36%

Transportation - Services 0.78%

Consumer Cyclical - Restaurants 0.60%

Transportation - Airlines 0.32%

Other Industrial 0.19%

SUBTOTAL 46.72%

Credit Default Swaps 20.32%

SUBTOTAL 20.32%

Financial Institutions

Banking 2.31%

Finance 1.76%

Insurance 1.44%

REITs 1.26%

Brokerage 0.48%

Other Finance 0.42%

SUBTOTAL 7.67%

Utility

Electric 1.32%

SUBTOTAL 1.32%

SUBTOTAL 76.03%

Corporates - Investment Grade

Financial Institutions

Banking 3.43%

Insurance 0.94%

Finance 0.67%

REITs 0.24%

Brokerage 0.11%

Other Finance 0.02%

SUBTOTAL 5.41%

Industrial

Basic 0.92%

Energy 0.54%

Transportation - Airlines 0.44%

Consumer Cyclical - Other 0.44%

Technology 0.27%

Consumer Non-Cyclical 0.23%

Communications - Telecommunications 0.22%

Capital Goods 0.21%

Other Industrial 0.15%

Consumer Cyclical - Automotive 0.11%

Communications - Media 0.10%

Services 0.04%

Consumer Cyclical - Retailers 0.03%

SUBTOTAL 3.70%

Utility

Electric 0.01%

SUBTOTAL 0.01%

SUBTOTAL 9.12%

Collateralized Mortgage Obligations

Risk Share Floating Rate 5.59%

Non-Agency Fixed Rate 0.49%

Non-Agency Floating Rate 0.40%

Agency Fixed Rate 0.36%

SUBTOTAL 6.84%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 6.38%

Credit Default Swaps 0.23%

SUBTOTAL 6.61%

Emerging Markets - Corporate Bonds

Industrial

Basic 1.51%

Energy 0.78%

Consumer Cyclical - Other 0.58%

Capital Goods 0.41%

Consumer Non-Cyclical 0.40%

Communications - Telecommunications 0.34%

Technology 0.14%

Services 0.06%

Communications - Media 0.04%

SUBTOTAL 4.26%

Financial Institutions

REITs 0.51%

Banking 0.05%

Insurance 0.04%

Finance 0.02%

Other Finance 0.01%

SUBTOTAL 0.63%

Utility

Electric 0.38%

SUBTOTAL 0.38%

SUBTOTAL 5.27%

Commercial Mortgage-Backed Securities

Credit Default Swaps 4.19%

Non-Agency Fixed Rate CMBS 1.06%

Non-Agency Floating Rate CMBS 0.02%

SUBTOTAL 5.27%

Interest Rate Futures 5.05%

Bank Loans

Industrial

Technology 0.86%

Consumer Non-Cyclical 0.77%

Communications - Telecommunications 0.71%

Capital Goods 0.57%

Energy 0.40%

Other Industrial 0.29%

Consumer Cyclical - Retailers 0.25%

Communications - Media 0.22%

Consumer Cyclical - Other 0.20%

Services 0.16%

Consumer Cyclical - Restaurants 0.08%

Consumer Cyclical - Automotive 0.04%

SUBTOTAL 4.55%

Financial Institutions

Insurance 0.22%

Finance 0.02%

SUBTOTAL 0.24%

Utility

Electric 0.23%

SUBTOTAL 0.23%

SUBTOTAL 5.02%

Global Governments 3.59%

Collateralized Loan Obligations

CLO - Floating Rate 2.79%

SUBTOTAL 2.79%

Common Stocks 1.81%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.10%

SUBTOTAL 1.10%

Total Return Swaps 0.89%

Local Governments - US Municipal Bonds 0.48%

Preferred Stocks

Industrial 0.37%

Financial Institutions 0.10%

SUBTOTAL 0.47%

Asset-Backed Securities

Other ABS - Fixed Rate 0.23%

Autos - Fixed Rate 0.07%

Home Equity Loans - Fixed Rate 0.05%

SUBTOTAL 0.35%

Inflation-Linked Securities 0.22%

Currency Instruments

Forward Currency Exchange Contracts 0.10%

SUBTOTAL 0.10%

Warrants 0.07%

Reverse Repurchase Agreements -0.41%

Net Cash Equivalents

Investment Companies 1.67%

Cash 0.11%

Foreign Currency -0.02%

SUBTOTAL 1.76%

Derivative Offsets

Futures Offsets -4.91%

Swaps Offsets -27.52%

SUBTOTAL -32.43%

Total 100.00%

Country Breakdown Portfolio %

United States 72.19%

United Kingdom 3.26%

Canada 2.12%

France 1.63%

Luxembourg 1.53%

Brazil 1.30%

Spain 1.17%

Mexico 1.13%

Nigeria 0.81%

China 0.74%

Germany 0.72%

Ukraine 0.67%

Egypt 0.67%

Argentina 0.67%

Bahrain 0.66%

Switzerland 0.65%

Dominican Republic 0.62%

Colombia 0.55%

Italy 0.54%

Zambia 0.53%

Ivory Coast 0.52%

Finland 0.49%

Israel 0.47%

Sweden 0.42%

Netherlands 0.41%

Ghana 0.37%

Angola 0.36%

Oman 0.35%

Senegal 0.34%

India 0.34%

Macau 0.33%

Jersey (Channel Islands) 0.31%

Peru 0.31%

Australia 0.29%

Gabon 0.25%

South Africa 0.24%

Jamaica 0.22%

Indonesia 0.22%

Hong Kong 0.22%

El Salvador 0.20%

Ireland 0.20%

Ecuador 0.17%

Denmark 0.13%

Turkey 0.12%

Japan 0.10%

Chile 0.10%

Bermuda 0.08%

Venezuela 0.07%

Panama 0.07%

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 100.45%

Canadian Dollar 0.12%

Great British Pound 0.02%

Norwegian Krone 0.02%

Argentine Peso 0.01%

Singapore Dollar 0.01%

South African Rand 0.01%

Swiss Franc -0.01%

South Korean Won -0.01%

Mexican Peso -0.01%

Russian Rubles -0.02%

Colombian Peso -0.10%

Euro -0.49%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 3.32%

AA 0.29%

A 0.72%

BBB 14.45%

BB 36.15%

B 26.39%

CCC 8.70%

CC 0.18%

C 0.14%

D 0.22%

Not Rated 4.95%

Short Term Investments 1.67%

Reverse Repurchase Agreements -0.41%

N/A 3.23%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 8.02%

1 to 5 years 44.49%

5 to 10 years 36.12%

10 to 20 years 6.10%

20 to 30 years 3.17%

More Than 30 years 0.22%

Other 1.88%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 6.95%

Average Bond Price: 100.96

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 27.77%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 27.77%

Average Maturity: 5.91 Years

Effective Duration: 4.46 Years

Total Net Assets: $1,093.87 Million

Net Asset Value: $12.69

Number of Holdings: 1643

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.