AB Global High Income Fund Releases Monthly Portfolio Update

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06/21/2021 - 04:06 PM

NEW YORK, June 21, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of May 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	1.27%
3) Argentine Republic Government International Bond 0.125%, 7/09/30 - 7/09/41	0.75%
4) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 - 6/01/33	0.69%
5) Dominican Republic International Bond 8.625%, 4/20/27	0.63%
6) Altice France SA/France 5.125%, 7/15/29	0.55%
7) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47	0.48%
8) Vistra Operations Co. LLC 4.375%, 5/01/29	0.46%
9) Ukraine Government International Bond 7.75%, 9/01/22 - 9/01/24	0.44%
10) Royal Caribbean Cruises Ltd. 5.50%, 4/01/28	0.42%

Investment Type	Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy	6.37%
Consumer Non-Cyclical	5.05%
Communications - Media	4.73%
Communications - Telecommunications	3.26%
Basic	3.18%
Consumer Cyclical - Other	2.72%
Services	2.71%
Consumer Cyclical - Automotive	2.62%
Consumer Cyclical - Entertainment	2.59%
Technology	2.51%
Capital Goods	2.43%
Consumer Cyclical - Retailers	2.17%
Consumer Cyclical - Restaurants	0.53%
Transportation - Services	0.50%
Transportation - Airlines	0.45%
Other Industrial	0.23%
SUBTOTAL	42.05%
Credit Default Swaps	22.53%
SUBTOTAL	22.53%
Financial Institutions
Banking	2.52%
Finance	1.61%
REITS	1.17%
Insurance	0.83%
Other Finance	0.45%
Brokerage	0.34%
SUBTOTAL	6.92%
Utility
Electric	1.23%
Other Utility	0.14%
SUBTOTAL	1.37%
SUBTOTAL	72.87%
Corporates - Investment Grade
Financial Institutions
Banking	4.26%
Insurance	1.43%
Finance	0.49%
REITS	0.14%
Brokerage	0.12%
Other Finance	0.02%
SUBTOTAL	6.46%
Industrial
Basic	0.64%
Consumer Cyclical - Other	0.63%
Transportation - Airlines	0.56%
Energy	0.47%
Technology	0.31%
Consumer Non-Cyclical	0.24%
Capital Goods	0.20%
Other Industrial	0.19%
Consumer Cyclical - Automotive	0.11%
Communications - Media	0.05%
Consumer Cyclical - Retailers	0.05%
Services	0.02%
SUBTOTAL	3.47%
SUBTOTAL	9.93%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	8.04%
Credit Default Swaps	0.23%
SUBTOTAL	8.27%
Collateralized Mortgage Obligations
Risk Share Floating Rate	6.67%
Non-Agency Fixed Rate	0.54%
Non-Agency Floating Rate	0.45%
Agency Fixed Rate	0.40%
SUBTOTAL	8.06%
Commercial Mortgage-Backed Securities
Credit Default Swaps	3.95%
Non-Agency Fixed Rate CMBS	1.12%
Non-Agency Floating Rate CMBS	0.09%
SUBTOTAL	5.16%
Bank Loans
Industrial
Consumer Non-Cyclical	1.00%
Technology	0.86%
Capital Goods	0.55%
Communications - Telecommunications	0.45%
Other Industrial	0.32%
Energy	0.27%
Consumer Cyclical - Retailers	0.24%
Services	0.23%
Communications - Media	0.22%
Consumer Cyclical - Other	0.21%
Consumer Cyclical - Restaurants	0.11%
Consumer Cyclical - Entertainment	0.08%
Consumer Cyclical - Automotive	0.07%
SUBTOTAL	4.61%
Financial Institutions
Insurance	0.22%
Other Finance	0.03%
SUBTOTAL	0.25%
Utility
Electric	0.17%
SUBTOTAL	0.17%
SUBTOTAL	5.03%
Global Governments	4.88%
Emerging Markets - Corporate Bonds
Industrial
Basic	1.64%
Energy	0.73%
Consumer Cyclical - Other	0.62%
Communications - Telecommunications	0.40%
Capital Goods	0.30%
Consumer Non-Cyclical	0.17%
Communications - Media	0.07%
SUBTOTAL	3.93%
Utility
Electric	0.38%
SUBTOTAL	0.38%
Financial Institutions
Banking	0.06%
Insurance	0.04%
Other Finance	0.02%
Finance	0.02%
SUBTOTAL	0.14%
SUBTOTAL	4.45%
Interest Rate Futures	4.26%
Collateralized Loan Obligations
CLO - Floating Rate	1.69%
SUBTOTAL	1.69%
Common Stocks	1.66%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.43%
SUBTOTAL	1.43%
Total Return Swaps	1.00%
Asset-Backed Securities
Other ABS - Fixed Rate	0.38%
Autos - Fixed Rate	0.27%
Home Equity Loans - Fixed Rate	0.23%
Home Equity Loans - Floating Rate	0.01%
SUBTOTAL	0.89%
Preferred Stocks
Industrial	0.29%
Financial Institutions	0.15%
SUBTOTAL	0.44%
Local Governments - US Municipal Bonds	0.33%
Inflation-Linked Securities	0.24%
Warrants	0.07%
Reverse Repurchase Agreements	-0.17%
Net Cash Equivalents
Cash	1.25%
Investment Companies	1.21%
Foreign Currency	-0.02%
SUBTOTAL	2.44%
Derivative Offsets
Futures Offsets	-4.27%
Swaps Offsets	-28.66%
SUBTOTAL	-32.93%
Total	100.00%

Country Breakdown	Portfolio %
United States	70.45%
United Kingdom	2.51%
Canada	2.13%
Mexico	1.84%
France	1.43%
Brazil	1.34%
Luxembourg	1.29%
Cayman Islands	1.00%
Egypt	0.99%
Switzerland	0.86%
Nigeria	0.82%
Argentina	0.79%
Ukraine	0.76%
Italy	0.75%
Spain	0.69%
Bahrain	0.68%
Dominican Republic	0.68%
Russia	0.66%
Ivory Coast	0.58%
Oman	0.58%
Zambia	0.53%
Colombia	0.50%
Sweden	0.48%
Netherlands	0.47%
Finland	0.46%
Ghana	0.42%
Angola	0.40%
Macau	0.37%
Senegal	0.36%
Kenya	0.35%
Germany	0.34%
Gabon	0.34%
El Salvador	0.31%
Jersey (Channel Islands)	0.30%
Australia	0.29%
Denmark	0.26%
Indonesia	0.25%
Peru	0.25%
Hong Kong	0.25%
Jamaica	0.25%
Israel	0.22%
India	0.21%
Bermuda	0.21%
Turkey	0.18%
Ecuador	0.18%
China	0.17%
South Africa	0.16%
Chile	0.14%
Japan	0.11%
Ireland	0.10%
Venezuela	0.07%
Panama	0.06%
Morocco	0.05%
Kuwait	0.04%
Sri Lanka	0.03%
Honduras	0.03%
Belgium	0.02%
Norway	0.01%
Total Investments	100.00%

Net Currency Exposure Breakdown	Portfolio %
United States Dollar	100.00%
Russian Rubles	0.48%
Canadian Dollar	0.06%
Great British Pound	0.06%
Argentine Peso	0.01%
Chinese Yuan Renminbi (Offshore)	0.01%
Malaysian Ringgit	0.01%
Norwegian Krone	0.01%
Polish Zloty	0.01%
Swiss Franc	-0.01%
Chilean Peso	-0.01%
Japanese Yen	-0.01%
Mexican Peso	-0.01%
Colombian Peso	-0.12%
Euro	-0.49%
Total Net Assets	100.00%

Credit Rating	Portfolio %
AAA	3.60%
AA	0.68%
A	0.81%
BBB	15.61%
BB	32.92%
B	26.09%
CCC	9.55%
CC	0.21%
C	0.10%
D	0.21%
Not Rated	4.99%
Short Term Investments	1.21%
Reverse Repurchase Agreements	-0.17%
N/A	4.19%
Total	100.00%

Bonds By Maturity	Portfolio %
Less than 1 year	8.78%
1 to 5 years	54.87%
5 to 10 years	24.15%
10 to 20 years	6.48%
20 to 30 years	3.42%
More Than 30 years	0.57%
Other	1.73%
Total Net Assets	100.00%

Portfolio Statistics:
Average Coupon:	7.18%
Average Bond Price:	103.82
Percentage of Leverage(based on gross assets):
Bank Borrowing:	0.00%
Investment Operations:	29.02%
Preferred stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	29.02%
Average Maturity:	5.74 Years
Effective Duration:	4.32 Years
Total Net Assets:	$1,117.94 Million
Net Asset Value:	$12.96
Number of Holdings:	1672
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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