AB Global High Income Fund Releases Monthly Portfolio Update

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02/22/2021 - 04:06 PM

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


AB Global High Income Fund, Inc.


Top 10 Fixed-Income Holdings		Portfolio %
1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23		2.64%
2) U.S. Treasury Notes 2.25%, 2/15/27		1.86%
3) U.S. Treasury Notes 2.875%, 8/15/28		1.32%
4) Argentine Republic Government International Bond 0.125%, 7/09/30 - 7/09/41		0.82%
5) Dominican Republic International Bond 8.625%, 4/20/27		0.64%
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		0.49%
9) Oman Government International Bond 4.125%, 1/17/23		0.39%
10) First Quantum Minerals Ltd. 7.25%, 4/01/23		0.39%

Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		6.36%
Consumer Non-Cyclical		3.52%
Communications - Media		3.50%
Basic		2.79%
Consumer Cyclical - Automotive		2.60%
Capital Goods		2.48%
Consumer Cyclical - Other		2.45%
Services		2.21%
Technology		2.05%
Consumer Cyclical - Retailers		1.86%
Consumer Cyclical - Entertainment		1.76%
Communications - Telecommunications		1.71%
Transportation - Services		0.47%
Other Industrial		0.35%
Consumer Cyclical - Restaurants		0.17%
Transportation - Airlines		0.14%
SUBTOTAL		34.42%
Credit Default Swaps		26.36%
SUBTOTAL		26.36%
Financial Institutions
Banking		2.29%
Finance		1.02%
REITS		0.97%
Insurance		0.91%
Other Finance		0.44%
Brokerage		0.33%
SUBTOTAL		5.96%
Utility
Electric		0.54%
SUBTOTAL		0.54%
SUBTOTAL		67.28%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		10.90%
Credit Default Swaps		0.46%
SUBTOTAL		11.36%
Corporates - Investment Grade
Financial Institutions
Banking		4.34%
Insurance		1.49%
Finance		0.46%
REITS		0.24%
Other Finance		0.02%
SUBTOTAL		6.55%
Industrial
Basic		0.84%
Consumer Cyclical - Other		0.61%
Transportation - Airlines		0.57%
Energy		0.48%
Technology		0.26%
Capital Goods		0.20%
Other Industrial		0.19%
Consumer Non-Cyclical		0.14%
Consumer Cyclical - Automotive		0.13%
Communications - Media		0.07%
Consumer Cyclical - Retailers		0.05%
Services		0.04%
SUBTOTAL		3.58%
SUBTOTAL		10.13%
Collateralized Mortgage Obligations
Risk Share Floating Rate		7.74%
Non-Agency Fixed Rate		0.59%
Non-Agency Floating Rate		0.48%
Agency Fixed Rate		0.44%
SUBTOTAL		9.25%
Interest Rate Futures		8.81%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.90%
Non-Agency Fixed Rate CMBS		1.24%
Non-Agency Floating Rate CMBS		0.09%
SUBTOTAL		6.23%
Global Governments		5.61%
Bank Loans
Industrial
Consumer Non-Cyclical		1.15%
Technology		0.91%
Services		0.58%
Consumer Cyclical - Other		0.48%
Capital Goods		0.46%
Communications - Media		0.31%
Communications - Telecommunications		0.29%
Other Industrial		0.26%
Consumer Cyclical - Retailers		0.16%
Consumer Cyclical - Restaurants		0.11%
Consumer Cyclical - Entertainment		0.08%
Consumer Cyclical - Automotive		0.08%
Basic		0.05%
Energy		0.05%
Transportation - Airlines		0.02%
SUBTOTAL		4.99%
Utility
Electric		0.17%
SUBTOTAL		0.17%
Financial Institutions
Insurance		0.12%
SUBTOTAL		0.12%
SUBTOTAL		5.28%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.68%
Energy		0.79%
Consumer Cyclical - Other		0.59%
Consumer Non-Cyclical		0.43%
Communications - Telecommunications		0.26%
Capital Goods		0.24%
Communications - Media		0.08%
Transportation - Services		0.04%
SUBTOTAL		4.11%
Utility
Electric		0.38%
SUBTOTAL		0.38%
Financial Institutions
Insurance		0.07%
Banking		0.05%
Finance		0.02%
SUBTOTAL		0.14%
SUBTOTAL		4.63%
Emerging Markets - Treasuries		2.64%
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.49%
SUBTOTAL		1.49%
Common Stocks		1.47%
Collateralized Loan Obligations
CLO - Floating Rate		1.26%
SUBTOTAL		1.26%
Total Return Swaps		0.98%
Asset-Backed Securities
Other ABS - Fixed Rate		0.44%
Autos - Fixed Rate		0.27%
Home Equity Loans - Fixed Rate		0.25%
Home Equity Loans - Floating Rate		0.01%
SUBTOTAL		0.97%
Investment Companies
Funds and Investment Trusts		0.50%
SUBTOTAL		0.50%
Local Governments - US Municipal Bonds		0.34%
Preferred Stocks
Financial Institutions		0.23%
Industrial		0.10%
SUBTOTAL		0.33%
Inflation-Linked Securities		0.25%
Currency Instruments
Forward Currency Exchange Contracts		0.12%
SUBTOTAL		0.12%
Warrants		0.05%
Equity Futures
Equity Index Futures		-0.12%
SUBTOTAL		-0.12%
Reverse Repurchase Agreements		-0.33%
Net Cash Equivalents
Investment Companies		3.14%
Governments - Treasuries		0.34%
Foreign Currency		-0.02%
Cash		-0.18%
SUBTOTAL		3.28%
Derivative Offsets
Futures Offsets		-8.89%
Swaps Offsets		-32.92%
SUBTOTAL		-41.81%
Total		100.00%

Country Breakdown		Portfolio %
United States		65.06%
Brazil		5.23%
United Kingdom		2.68%
Mexico		1.88%
Canada		1.79%
Egypt		1.38%
Colombia		1.10%
Luxembourg		1.06%
Dominican Republic		1.01%
Cayman Islands		0.99%
Argentina		0.86%
Switzerland		0.85%
Nigeria		0.81%
Ukraine		0.80%
Italy		0.77%
Bahrain		0.73%
France		0.73%
Russia		0.65%
Ivory Coast		0.63%
Spain		0.59%
Oman		0.59%
Zambia		0.52%
Netherlands		0.52%
Kenya		0.49%
Sweden		0.47%
Gabon		0.43%
Angola		0.42%
South Africa		0.41%
Senegal		0.40%
Finland		0.39%
Ghana		0.38%
Macau		0.36%
Germany		0.34%
El Salvador		0.31%
Costa Rica		0.29%
Jersey (Channel Islands)		0.27%
Denmark		0.26%
Ireland		0.26%
Peru		0.25%
Honduras		0.25%
Indonesia		0.25%
Hong Kong		0.23%
Ecuador		0.23%
Israel		0.22%
India		0.20%
Turkey		0.18%
Chile		0.18%
Jamaica		0.17%
Mongolia		0.16%
Bermuda		0.13%
Australia		0.13%
Japan		0.11%
Kazakhstan		0.07%
Venezuela		0.07%
Jordan		0.06%
Guatemala		0.06%
United Arab Emirates		0.06%
Iraq		0.05%
Morocco		0.05%
Kuwait		0.04%
China		0.03%
Lebanon		0.03%
Sri Lanka		0.03%
Pakistan		0.02%
Belgium		0.02%
Norway		0.01%
Total Investments		100.00%

Net Currency Exposure Breakdown		Portfolio %
United States Dollar		98.23%
Brazilian Real		0.50%
South African Rand		0.48%
Russian Rubles		0.47%
Egypt Pound		0.42%
Indonesian Rupiah		0.25%
Mexican Peso		0.24%
Great British Pound		0.05%
Canadian Dollar		0.03%
Nigerian Naira		0.02%
Argentine Peso		0.01%
Malaysian Ringgit		0.01%
Norwegian Krone		0.01%
Swedish Krona		0.01%
Taiwan New Dollar		0.01%
Swiss Franc		-0.01%
Polish Zloty		-0.01%
Colombian Peso		-0.10%
Euro		-0.62%
Total Net Assets		100.00%

Credit Rating		Portfolio %
AAA		5.15%
AA		0.86%
A		0.82%
BBB		16.61%
BB		29.78%
B		25.58%
CCC		9.83%
CC		0.27%
C		0.10%
D		0.68%
Not Rated		5.68%
Short Term Investments		3.47%
Reverse Repurchase Agreements		-0.33%
N/A		1.50%
Total		100.00%

Bonds By Maturity		Portfolio %
Less than 1 year		5.93%
1 to 5 years		61.11%
5 to 10 years		21.45%
10 to 20 years		5.81%
20 to 30 years		3.61%
More Than 30 years		0.57%
Other		1.52%
Total Net Assets		100.00%

Portfolio Statistics:
Average Coupon:		7.57%
Average Bond Price:		104.39
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		41.83%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		41.83%
Average Maturity:		5.41 Years
Effective Duration:		4.40 Years
Total Net Assets:		$1,115.03 Million
Net Asset Value:		$12.93
Number of Holdings:		1623
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.