AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 28, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30,2020.

AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27		2.35%
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23		1.79%
3) U.S. Treasury Notes  2.875%, 8/15/28		1.48%
4) Argentine Republic Government International Bond  0.125%, 7/09/30 - 7/09/41		0.86%
5) Dominican Republic International Bond  8.625%, 4/20/27		0.63%
6) Colombian TES Series B 10.00%, 7/24/24		0.56%
7) Nigeria Government International Bond  7.625%, 11/21/25 - 11/28/47		0.53%
8) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24		0.50%
9) U.S. Treasury Bonds  5.25%, 2/15/29		0.42%
10) First Quantum Minerals Ltd.  7.25%, 4/01/23		0.39%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		3.57%
Communications - Media		3.32%
Consumer Non-Cyclical		2.87%
Consumer Cyclical - Other		2.77%
Basic		2.57%
Capital Goods		2.50%
Consumer Cyclical - Automotive		2.46%
Services		2.32%
Communications - Telecommunications		2.02%
Technology		1.70%
Consumer Cyclical - Retailers		1.68%
Consumer Cyclical - Entertainment		1.57%
Transportation - Services		0.54%
Other Industrial		0.35%
Consumer Cyclical - Restaurants		0.32%
Transportation - Airlines		0.17%
SUBTOTAL		30.73%
Credit Default Swaps		28.90%
SUBTOTAL		28.90%
Financial Institutions
Banking		2.35%
Finance		0.90%
REITS		0.77%
Insurance		0.77%
Brokerage		0.48%
Other Finance		0.44%
SUBTOTAL		5.71%
Utility
Electric		0.55%
SUBTOTAL		0.55%
SUBTOTAL		65.89%
Corporates - Investment Grade
Financial Institutions
Banking		5.28%
Insurance		1.97%
Finance		0.98%
REITS		0.44%
Brokerage		0.13%
Other Finance		0.02%
SUBTOTAL		8.82%
Industrial
Energy		1.45%
Basic		0.96%
Consumer Cyclical - Other		0.92%
Consumer Cyclical - Automotive		0.74%
Technology		0.72%
Transportation - Airlines		0.49%
Consumer Non-Cyclical		0.40%
Communications - Telecommunications		0.27%
Capital Goods		0.19%
Other Industrial		0.16%
Services		0.12%
Communications - Media		0.12%
SUBTOTAL		6.54%
Utility
Electric		0.06%
SUBTOTAL		0.06%
SUBTOTAL		15.42%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		10.96%
Credit Default Swaps		0.47%
SUBTOTAL		11.43%
Collateralized Mortgage Obligations
Risk Share Floating Rate		7.99%
Non-Agency Fixed Rate		0.62%
Non-Agency Floating Rate		0.52%
Agency Fixed Rate		0.47%
SUBTOTAL		9.60%
Global Governments		6.60%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.72%
Non-Agency Fixed Rate CMBS		1.20%
Non-Agency Floating Rate CMBS		0.08%
SUBTOTAL		6.00%
Interest Rate Futures		5.89%
Bank Loans
Industrial
Consumer Non-Cyclical		0.87%
Technology		0.74%
Capital Goods		0.54%
Services		0.52%
Consumer Cyclical - Other		0.51%
Communications - Media		0.31%
Consumer Cyclical - Retailers		0.16%
Other Industrial		0.13%
Energy		0.12%
Consumer Cyclical - Restaurants		0.11%
Communications - Telecommunications		0.10%
Consumer Cyclical - Entertainment		0.08%
Consumer Cyclical - Automotive		0.08%
Basic		0.05%
Transportation - Airlines		0.02%
SUBTOTAL		4.34%
Utility
Electric		0.18%
SUBTOTAL		0.18%
Financial Institutions
Insurance		0.13%
SUBTOTAL		0.13%
SUBTOTAL		4.65%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.52%
Energy		0.70%
Consumer Cyclical - Other		0.47%
Consumer Non-Cyclical		0.43%
Capital Goods		0.24%
Communications - Telecommunications		0.23%
Communications - Media		0.08%
Transportation - Services		0.04%
SUBTOTAL		3.71%
Utility
Electric		0.39%
SUBTOTAL		0.39%
Financial Institutions
Insurance		0.07%
Banking		0.05%
SUBTOTAL		0.12%
SUBTOTAL		4.22%
Emerging Markets - Treasuries		1.79%
Collateralized Loan Obligations
CLO - Floating Rate		1.42%
SUBTOTAL		1.42%
Total Return Swaps		1.42%
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.33%
SUBTOTAL		1.33%
Common Stocks		1.30%
Asset-Backed Securities
Other ABS - Fixed Rate		0.47%
Autos - Fixed Rate		0.27%
Home Equity Loans - Fixed Rate		0.26%
Home Equity Loans - Floating Rate		0.01%
SUBTOTAL		1.01%
Investment Companies
Funds and Investment Trusts		0.51%
SUBTOTAL		0.51%
Local Governments - US Municipal Bonds		0.32%
Preferred Stocks
Financial Institutions		0.22%
Industrial		0.10%
SUBTOTAL		0.32%
Inflation-Linked Securities		0.25%
Warrants		0.03%
Reverse Repurchase Agreements		-0.05%
Currency Instruments
Forward Currency Exchange Contracts		-0.31%
SUBTOTAL		-0.31%
Net Cash Equivalents
Investment Companies		1.36%
Cash		0.78%
Foreign Currency		-0.02%
SUBTOTAL		2.12%
Derivative Offsets
Futures Offsets		-5.89%
Swaps Offsets		-35.27%
SUBTOTAL		-41.16%
Total		100.00%
Country Breakdown		Portfolio %
United States		65.05%
Brazil		4.53%
United Kingdom		2.68%
Mexico		1.76%
Canada		1.72%
Colombia		1.13%
France		1.11%
Egypt		1.06%
Dominican Republic		1.02%
Cayman Islands		0.97%
Netherlands		0.92%
Italy		0.91%
Argentina		0.91%
Switzerland		0.88%
Nigeria		0.85%
Luxembourg		0.84%
Ukraine		0.82%
Ivory Coast		0.76%
Bahrain		0.75%
Russia		0.67%
Spain		0.65%
South Africa		0.57%
Ireland		0.55%
Zambia		0.54%
Kenya		0.50%
Oman		0.46%
Gabon		0.44%
Senegal		0.42%
Bermuda		0.41%
Angola		0.39%
Finland		0.38%
Ghana		0.38%
Sweden		0.35%
Germany		0.30%
El Salvador		0.29%
Honduras		0.28%
Macau		0.28%
Ecuador		0.27%
Denmark		0.27%
Costa Rica		0.27%
Indonesia		0.26%
Israel		0.22%
Hong Kong		0.19%
Turkey		0.19%
Chile		0.18%
Mongolia		0.17%
Norway		0.16%
Peru		0.16%
Australia		0.14%
Jamaica		0.14%
Japan		0.11%
Jersey (Channel Islands)		0.11%
China		0.08%
Kazakhstan		0.07%
Venezuela		0.07%
Guatemala		0.06%
Jordan		0.06%
United Arab Emirates		0.06%
Iraq		0.06%
Morocco		0.05%
Kuwait		0.04%
Lebanon		0.03%
Sri Lanka		0.03%
Pakistan		0.02%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		100.14%
Russian Rubles		0.49%
Egypt Pound		0.26%
Indonesian Rupiah		0.19%
Great British Pound		0.04%
Nigerian Naira		0.04%
Argentine Peso		0.01%
Malaysian Ringgit		0.01%
Norwegian Krone		0.01%
Taiwan New Dollar		0.01%
Swiss Franc		-0.01%
Chinese Yuan Renminbi (Offshore)		-0.01%
South African Rand		-0.01%
Brazilian Real		-0.06%
Colombian Peso		-0.06%
Euro		-1.05%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		5.40%
AA		0.95%
A		1.30%
BBB		21.57%
BB		27.17%
B		24.11%
CCC		8.41%
CC		0.54%
C		0.11%
D		0.58%
Not Rated		5.56%
Short Term Investments		1.36%
Reverse Repurchase Agreements		-0.05%
N/A		2.99%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		6.97%
1 to 5 years		58.50%
5 to 10 years		22.19%
10 to 20 years		6.67%
20 to 30 years		4.03%
More Than 30 years		0.31%
Other		1.33%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.60%
Average Bond Price:		104.56
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		43.27%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		43.27%
Average Maturity:		5.50  Years
Effective Duration:		4.35  Years
Total Net Assets:		$1,098.26 Million
Net Asset Value:		$12.74
Number of Holdings:		1510
Portfolio Turnover:		32%
* 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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SOURCE AB Global High Income Fund, Inc.