PR Newswire | Jan 25, 2022 04:06PM EST

01/25 15:06 CST

AB Global High Income Fund Releases Monthly Portfolio Update NEW YORK, Jan. 25, 2022

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2021.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings Portfolio %

1) U.S. Treasury Notes 2.25%, 2/15/27 1.59%

2) U.S. Treasury Notes 2.875%, 8/15/28 1.12%

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 0.61%

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 0.51%

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

9) Argentine Republic Government International Bond 1.125%, 0.47%7/09/35

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

Investment Type Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy 7.12%

Consumer Non-Cyclical 6.46%

Communications - Media 5.60%

Services 3.40%

Basic 3.10%

Consumer Cyclical - Other 2.85%

Consumer Cyclical - Automotive 2.78%

Communications - Telecommunications 2.76%

Capital Goods 2.43%

Consumer Cyclical - Entertainment 2.38%

Technology 2.38%

Consumer Cyclical - Retailers 2.24%

Transportation - Services 0.60%

Consumer Cyclical - Restaurants 0.58%

Transportation - Airlines 0.32%

Other Industrial 0.17%

SUBTOTAL 45.17%

Credit Default Swaps 20.33%

SUBTOTAL 20.33%

Financial Institutions

Banking 2.24%

Finance 1.69%

REITs 1.27%

Insurance 0.74%

Brokerage 0.48%

Other Finance 0.42%

SUBTOTAL 6.84%

Utility

Electric 1.29%

Other Utility 0.12%

SUBTOTAL 1.41%

SUBTOTAL 73.75%

Corporates - Investment Grade

Financial Institutions

Banking 3.44%

Insurance 1.50%

Finance 0.69%

REITs 0.26%

Brokerage 0.12%

Other Finance 0.02%

SUBTOTAL 6.03%

Industrial

Basic 1.20%

Communications - Telecommunications 0.70%

Consumer Cyclical - Other 0.54%

Energy 0.51%

Transportation - Airlines 0.43%

Consumer Non-Cyclical 0.28%

Technology 0.25%

Capital Goods 0.22%

Other Industrial 0.17%

Communications - Media 0.13%

Consumer Cyclical - Automotive 0.11%

Services 0.07%

Consumer Cyclical - Retailers 0.03%

SUBTOTAL 4.64%

Utility

Electric 0.01%

SUBTOTAL 0.01%

SUBTOTAL 10.68%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns 6.42%

Credit Default Swaps 0.23%

SUBTOTAL 6.65%

Collateralized Mortgage Obligations

Risk Share Floating Rate 5.41%

Non-Agency Fixed Rate 0.47%

Non-Agency Floating Rate 0.39%

Agency Fixed Rate 0.34%

SUBTOTAL 6.61%

Bank Loans

Industrial

Technology 1.00%

Consumer Non-Cyclical 0.76%

Communications - Telecommunications 0.70%

Capital Goods 0.56%

Energy 0.40%

Other Industrial 0.28%

Consumer Cyclical - Retailers 0.24%

Communications - Media 0.22%

Consumer Cyclical - Other 0.20%

Services 0.16%

Consumer Cyclical - Restaurants 0.08%

Consumer Cyclical - Automotive 0.04%

SUBTOTAL 4.64%

Financial Institutions

Insurance 0.25%

Finance 0.02%

SUBTOTAL 0.27%

Utility

Electric 0.23%

SUBTOTAL 0.23%

SUBTOTAL 5.14%

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 1.36%

Energy 0.78%

Consumer Cyclical - Other 0.55%

Capital Goods 0.41%

Consumer Non-Cyclical 0.40%

Communications - Telecommunications 0.33%

Technology 0.14%

Services 0.07%

Communications - Media 0.04%

SUBTOTAL 4.08%

Financial Institutions

REITs 0.49%

Banking 0.05%

Insurance 0.04%

Finance 0.02%

Other Finance 0.01%

SUBTOTAL 0.61%

Utility

Electric 0.38%

SUBTOTAL 0.38%

SUBTOTAL 5.07%

Interest Rate Futures 4.47%

Global Governments 3.53%

Collateralized Loan Obligations

CLO - Floating Rate 3.18%

SUBTOTAL 3.18%

Common Stocks 1.78%

Quasi-Sovereigns

Quasi-Sovereign Bonds 1.07%

SUBTOTAL 1.07%

Total Return Swaps 0.92%

Local Governments - US Municipal Bonds 0.47%

Preferred Stocks

Industrial 0.36%

Financial Institutions 0.10%

SUBTOTAL 0.46%

Asset-Backed Securities

Other ABS - Fixed Rate 0.15%

Autos - Fixed Rate 0.07%

SUBTOTAL 0.22%

Inflation-Linked Securities 0.21%

Currency Instruments

Forward Currency Exchange Contracts 0.09%

SUBTOTAL 0.09%

Warrants 0.08%

Reverse Repurchase Agreements -0.49%

Net Cash Equivalents

Cash 1.38%

Investment Companies 1.07%

Foreign Currency -0.03%

SUBTOTAL 2.42%

Derivative Offsets

Futures Offsets -4.38%

Swaps Offsets -27.07%

SUBTOTAL -31.45%

Total 100.00%

Country Breakdown Portfolio %

United States 71.97%

United Kingdom 3.10%

Canada 2.18%

France 1.65%

Luxembourg 1.58%

Brazil 1.34%

Spain 1.21%

Mexico 1.12%

Nigeria 0.83%

Argentina 0.77%

Germany 0.75%

China 0.73%

Egypt 0.69%

Bahrain 0.67%

Switzerland 0.65%

Ukraine 0.65%

Italy 0.64%

Dominican Republic 0.62%

Colombia 0.55%

Ivory Coast 0.54%

Finland 0.49%

Israel 0.47%

Sweden 0.43%

Netherlands 0.43%

Angola 0.39%

Zambia 0.38%

Ghana 0.38%

Oman 0.35%

Senegal 0.35%

India 0.34%

Macau 0.33%

Jersey (Channel Islands) 0.31%

Peru 0.31%

Australia 0.29%

Gabon 0.26%

South Africa 0.25%

Indonesia 0.22%

Jamaica 0.22%

Ireland 0.21%

Hong Kong 0.20%

El Salvador 0.18%

Ecuador 0.17%

Denmark 0.13%

Turkey 0.12%

Japan 0.11%

Chile 0.10%

Bermuda 0.08%

Panama 0.07%

Venezuela 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 100.36%

Canadian Dollar 0.12%

Great British Pound 0.03%

Argentine Peso 0.01%

Norwegian Krone 0.01%

Polish Zloty 0.01%

Swiss Franc -0.01%

Indian Rupee -0.01%

Colombian Peso -0.09%

Euro -0.43%

Total Net Assets 100.00%

Credit Rating Portfolio %

AAA 3.45%

AA 0.29%

A 1.59%

BBB 13.31%

BB 36.89%

B 26.16%

CCC 8.42%

CC 0.16%

C 0.10%

D 0.20%

Not Rated 4.55%

Short Term Investments 1.07%

Reverse Repurchase Agreements -0.49%

N/A 4.30%

Total 100.00%

Bonds By Maturity Portfolio %

Less than 1 year 11.22%

1 to 5 years 47.33%

5 to 10 years 30.68%

10 to 20 years 5.71%

20 to 30 years 2.84%

More Than 30 years 0.36%

Other 1.86%

Total Net Assets 100.00%

Portfolio Statistics:

Average Coupon: 6.88%

Average Bond Price: 102.02

Percentage of Leverage(based on gross assets):

Bank Borrowing: 0.00%

Investment Operations: 25.88%

Preferred stock: 0.00%

Tender Option Bonds: 0.00%

VMTP Shares: 0.00%

Total Fund Leverage: 25.88%

Average Maturity: 5.46 Years

Effective Duration: 4.15 Years

Total Net Assets: $1,107.46 Million

Net Asset Value: $12.84

Number of Holdings: 1681

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.