AB Global High Income Fund Releases Monthly Portfolio Update

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07/27/2020 - 04:06 PM

NEW YORK, July 27, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of June 30,2020.

AB Global High Income Fund, Inc.


Top 10 Fixed-Income Holdings	Portfolio %
1) U.S. Treasury Notes 2.25%, 2/15/27	2.58%
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21	1.90%
3) U.S. Treasury Notes 2.875%, 8/15/28	1.63%
4) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29	0.74%
5) Argentine Republic Government International Bond 6.875%, 1/26/27 - 1/11/48	0.70%
6) Ukraine Government International Bond 7.75%, 9/01/21 - 9/01/24	0.64%
7) Dominican Republic International Bond 8.625%, 4/20/27	0.63%
8) Colombian TES Series B 10.00%, 7/24/24	0.59%
9) U.S. Treasury Bonds 5.25%, 2/15/29	0.46%
10) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 0.528%, 1/25/37	0.43%

Investment Type	Portfolio %
Corporates - Non-Investment Grade
Credit Default Swaps	29.71%
SUBTOTAL	29.71%
Industrial
Communications - Media	3.52%
Energy	3.19%
Consumer Non-Cyclical	3.10%
Basic	2.80%
Consumer Cyclical - Other	2.75%
Capital Goods	2.20%
Consumer Cyclical - Automotive	2.16%
Communications - Telecommunications	2.07%
Services	1.71%
Consumer Cyclical - Retailers	1.18%
Technology	0.99%
Consumer Cyclical - Entertainment	0.62%
Transportation - Services	0.60%
Consumer Cyclical - Restaurants	0.31%
Other Industrial	0.30%
SUBTOTAL	27.50%
Financial Institutions
Banking	2.25%
Insurance	0.97%
Finance	0.93%
REITS	0.77%
Other Finance	0.35%
Brokerage	0.32%
SUBTOTAL	5.59%
Utility
Electric	0.63%
SUBTOTAL	0.63%
SUBTOTAL	63.43%
Corporates - Investment Grade
Industrial
Energy	1.50%
Basic	1.31%
Consumer Cyclical - Other	0.97%
Consumer Cyclical - Entertainment	0.87%
Technology	0.74%
Consumer Cyclical - Automotive	0.60%
Transportation - Airlines	0.58%
Communications - Media	0.48%
Consumer Non-Cyclical	0.45%
Communications - Telecommunications	0.30%
Services	0.27%
Transportation - Services	0.27%
Other Industrial	0.19%
Capital Goods	0.18%
Consumer Cyclical - Retailers	0.07%
SUBTOTAL	8.78%
Financial Institutions
Banking	5.40%
Insurance	1.98%
REITS	0.40%
Finance	0.38%
Brokerage	0.14%
SUBTOTAL	8.30%
Credit Default Swaps	0.14%
SUBTOTAL	0.14%
Utility
Electric	0.06%
SUBTOTAL	0.06%
SUBTOTAL	17.28%
Collateralized Mortgage Obligations
Risk Share Floating Rate	9.66%
Non-Agency Fixed Rate	0.71%
Non-Agency Floating Rate	0.61%
Agency Fixed Rate	0.58%
SUBTOTAL	11.56%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	10.14%
Credit Default Swaps	0.48%
SUBTOTAL	10.62%
Global Governments	8.28%
Interest Rate Futures	7.62%
Commercial Mortgage-Backed Securities
Credit Default Swaps	4.81%
Non-Agency Fixed Rate CMBS	1.50%
Non-Agency Floating Rate CMBS	0.09%
SUBTOTAL	6.40%
Bank Loans
Industrial
Consumer Non-Cyclical	1.03%
Technology	0.85%
Capital Goods	0.54%
Consumer Cyclical - Other	0.54%
Services	0.47%
Energy	0.34%
Consumer Cyclical - Retailers	0.25%
Communications - Media	0.17%
Other Industrial	0.12%
Consumer Cyclical - Restaurants	0.11%
Communications - Telecommunications	0.09%
Consumer Cyclical - Entertainment	0.08%
Consumer Cyclical - Automotive	0.08%
Basic	0.05%
Transportation - Airlines	0.02%
SUBTOTAL	4.74%
Financial Institutions
Insurance	0.14%
Finance	0.12%
SUBTOTAL	0.26%
Utility
Electric	0.20%
SUBTOTAL	0.20%
SUBTOTAL	5.20%
Emerging Markets - Corporate Bonds
Industrial
Basic	0.83%
Energy	0.60%
Consumer Non-Cyclical	0.44%
Consumer Cyclical - Other	0.35%
Communications - Telecommunications	0.34%
Capital Goods	0.11%
Communications - Media	0.08%
Transportation - Services	0.05%
SUBTOTAL	2.80%
Utility
Electric	0.40%
SUBTOTAL	0.40%
Financial Institutions
Banking	0.05%
Insurance	0.01%
SUBTOTAL	0.06%
SUBTOTAL	3.26%
Emerging Markets - Treasuries	1.92%
Collateralized Loan Obligations
CLO - Floating Rate	1.34%
SUBTOTAL	1.34%
Total Return Swaps	1.31%
Asset-Backed Securities
Other ABS - Fixed Rate	0.53%
Home Equity Loans - Fixed Rate	0.31%
Autos - Fixed Rate	0.28%
Home Equity Loans - Floating Rate	0.01%
SUBTOTAL	1.13%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.11%
SUBTOTAL	1.11%
Common Stocks	0.85%
Investment Companies
Funds and Investment Trusts	0.53%
SUBTOTAL	0.53%
Local Governments - US Municipal Bonds	0.39%
Preferred Stocks
Financial Institutions	0.26%
Industrial	0.09%
Utility	0.02%
SUBTOTAL	0.37%
Inflation-Linked Securities	0.25%
Local Governments - Regional Bonds	0.02%
Warrants	0.01%
Whole Loan Trusts
Performing Asset	0.01%
SUBTOTAL	0.01%
Currency Instruments
Forward Currency Exchange Contracts	-0.10%
SUBTOTAL	-0.10%
Reverse Repurchase Agreements	-0.12%
Net Cash Equivalents
Cash	3.52%
Investment Companies	0.28%
Governments - Treasuries	0.27%
Foreign Currency	-0.02%
SUBTOTAL	4.05%
Derivative Offsets
Futures Offsets	-7.52%
Swaps Offsets	-39.20%
SUBTOTAL	-46.72%
Total	100.00%

Country Breakdown	Portfolio %
United States	65.71%
Brazil	4.58%
United Kingdom	2.50%
Mexico	1.55%
Canada	1.44%
Egypt	1.36%
France	1.24%
Colombia	1.19%
Netherlands	1.19%
Argentina	1.10%
Dominican Republic	0.99%
Cayman Islands	0.99%
Italy	0.89%
Indonesia	0.83%
Russia	0.79%
Switzerland	0.79%
Spain	0.76%
Luxembourg	0.75%
Ukraine	0.71%
Bahrain	0.68%
Nigeria	0.58%
Ireland	0.53%
Ivory Coast	0.52%
Kenya	0.50%
Oman	0.49%
South Africa	0.44%
Angola	0.40%
United Arab Emirates	0.39%
Finland	0.39%
Gabon	0.34%
El Salvador	0.30%
Honduras	0.30%
Ghana	0.29%
Bermuda	0.29%
Costa Rica	0.28%
Mongolia	0.28%
Senegal	0.28%
Denmark	0.27%
Zambia	0.26%
Ecuador	0.25%
Sweden	0.24%
Turkey	0.23%
Germany	0.21%
Hong Kong	0.20%
Chile	0.19%
Norway	0.17%
Jamaica	0.15%
Macau	0.15%
Australia	0.15%
Peru	0.11%
Israel	0.11%
Trinidad & Tobago	0.08%
Kazakhstan	0.07%
Sri Lanka	0.07%
Jordan	0.07%
Guatemala	0.06%
Iraq	0.06%
Morocco	0.06%
China	0.05%
Venezuela	0.05%
Lebanon	0.04%
Kuwait	0.04%
Pakistan	0.02%
Total Investments	100.00%

Net Currency Exposure Breakdown	Portfolio %
United States Dollar	98.80%
Japanese Yen	0.74%
Indian Rupee	0.32%
Egypt Pound	0.27%
Russian Rubles	0.18%
Brazilian Real	0.12%
Nigerian Naira	0.10%
Argentine Peso	0.07%
Mexican Peso	0.06%
Great British Pound	0.01%
Indonesian Rupiah	0.01%
Malaysian Ringgit	0.01%
Taiwan New Dollar	0.01%
Swiss Franc	-0.01%
Chilean Peso	-0.01%
Colombian Peso	-0.04%
Canadian Dollar	-0.09%
Euro	-0.55%
Total Net Assets	100.00%

Credit Rating	Portfolio %
AAA	9.54%
AA	1.59%
A	2.45%
BBB	24.23%
BB	24.08%
B	20.31%
CCC	6.91%
CC	1.65%
C	0.11%
D	0.36%
Not Rated	5.75%
Short Term Investments	0.55%
Reverse Repurchase Agreements	-0.12%
N/A	2.59%
Total	100.00%

Bonds By Maturity	Portfolio %
Less than 1 year	3.86%
1 to 5 years	54.15%
5 to 10 years	30.96%
10 to 20 years	6.27%
20 to 30 years	3.49%
More Than 30 years	0.40%
Other	0.87%
Total Net Assets	100.00%

Portfolio Statistics:
Average Coupon:	7.80%
Average Bond Price:	98.71
Percentage of Leverage(based on gross assets):
Bank Borrowing:	0.00%
Investment Operations:	46.24%
Preferred stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	46.24%
Average Maturity:	5.97 Years
Effective Duration:	4.93 Years
Total Net Assets:	$1,013.12 Million
Net Asset Value:	$11.75
Number of Holdings:	1668
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.