AB Global High Income Fund Releases Monthly Portfolio Update

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04/26/2022 - 04:06 PM

New York, April 26, 2022 /PRNewswire/ -- AB Global High Income Fund[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of March 31, 2022.

AB Global High Income Fund

Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.60%
2) U.S. Treasury Notes 2.875%, 08/15/28		1.09%
3) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.66%
4) CCO Holdings 4.75%, 02/01/32		0.65%
5) Dominican Repubic Intl Bond 8.625%, 04/20/27		0.60%
6) Altice France SA/France 5.125%, 07/15/29		0.54%
7) Sirius XM Radio, Inc. 4.00%, 07/15/28		0.52%
8) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.50%
9) Altice Financing SA 5.75%, 08/15/29		0.49%
10) Vistra Operations Co. LLC 4.375%, 05/01/29		0.43%

Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		6.72%
Communications - Media		6.59%
Consumer Non-Cyclical		6.06%
Services		3.39%
Basic		3.20%
Consumer Cyclical - Other		2.80%
Communications - Telecommunications		2.77%
Capital Goods		2.76%
Consumer Cyclical - Automotive		2.76%
Technology		2.74%
Consumer Cyclical - Entertainment		2.55%
Consumer Cyclical - Retailers		2.29%
Transportation - Services		0.77%
Consumer Cyclical - Restaurants		0.76%
Transportation - Airlines		0.34%
Other Industrial		0.16%
SUBTOTAL		46.66%
Credit Default Swaps		20.84%
Financial Institutions
Banking		2.28%
Finance		1.78%
REITs		1.42%
Insurance		0.67%
Other Finance		0.50%
Brokerage		0.48%
SUBTOTAL		7.13%
Utility
Electric		1.17%
Other Utility		0.18%
SUBTOTAL		1.35%
SUBTOTAL		75.98%
Corporates - Investment Grade
Financial Institutions
Banking		2.94%
Insurance		1.48%
Finance		0.66%
REITs		0.25%
Brokerage		0.12%
Other Finance		0.02%
SUBTOTAL		5.47%
Industrial
Energy		0.73%
Basic		0.67%
Communications - Telecommunications		0.67%
Transportation - Airlines		0.44%
Consumer Cyclical - Other		0.41%
Consumer Non-Cyclical		0.34%
Communications - Media		0.32%
Capital Goods		0.22%
Other Industrial		0.18%
Consumer Cyclical - Retailers		0.15%
Consumer Cyclical - Automotive		0.11%
Technology		0.07%
Services		0.05%
SUBTOTAL		4.36%
Utility
Electric		0.06%
SUBTOTAL		0.06%
SUBTOTAL		9.89%
Collateralized Mortgage Obligations
Risk Share Floating Rate		4.64%
Non-Agency Fixed Rate		0.46%
Non-Agency Floating Rate		0.38%
Agency Fixed Rate		0.34%
SUBTOTAL		5.82%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.43%
Energy		0.81%
Consumer Cyclical - Other		0.63%
Capital Goods		0.51%
Consumer Non-Cyclical		0.51%
Communications - Telecommunications		0.29%
Technology		0.19%
Services		0.07%
Transportation - Services		0.07%
Communications - Media		0.04%
SUBTOTAL		4.55%
Utility
Electric		0.59%
SUBTOTAL		0.59%
Financial Institutions
REITs		0.27%
Banking		0.05%
Insurance		0.04%
Finance		0.02%
Other Finance		0.01%
SUBTOTAL		0.39%
SUBTOTAL		5.53%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.42%
Non-Agency Fixed Rate CMBS		1.09%
Non-Agency Floating Rate CMBS		0.02%
SUBTOTAL		5.53%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		5.22%
Credit Default Swaps		0.25%
SUBTOTAL		5.47%
Bank Loans
Industrial
Technology		0.84%
Consumer Non-Cyclical		0.79%
Communications - Telecommunications		0.74%
Capital Goods		0.54%
Energy		0.43%
Other Industrial		0.30%
Consumer Cyclical - Retailers		0.26%
Communications - Media		0.23%
Consumer Cyclical - Other		0.21%
Services		0.17%
Consumer Cyclical - Restaurants		0.08%
Consumer Cyclical - Automotive		0.04%
SUBTOTAL		4.63%
Financial Institutions
Insurance		0.26%
Finance		0.02%
SUBTOTAL		0.28%
Utility
Electric		0.24%
SUBTOTAL		0.24%
SUBTOTAL		5.15%
Interest Rate Futures		4.38%
Collateralized Loan Obligations
CLO - Floating Rate		3.60%
SUBTOTAL		3.60%
Global Governments		3.39%
Common Stocks		1.91%
Total Return Swaps		1.50%
Quasi-Sovereigns
Quasi-Sovereign Bonds		0.97%
SUBTOTAL		0.97%
Preferred Stocks
Industrials		0.39%
Financials		0.10%
SUBTOTAL		0.49%
Local Governments - US Municipal Bonds		0.47%
Inflation-Linked Securities		0.24%
Asset-Backed Securities
Other ABS - Fixed Rate		0.09%
Autos - Fixed Rate		0.07%
SUBTOTAL		0.16%
Forward Currency Exchange Contracts
Currency Instruments		0.15%
SUBTOTAL		0.15%
Warrants		0.07%
Interest Rate Swaps		-0.01%
Reverse Repurchase Agreements		-0.10%
Cash & Cash Equivalents
Cash		1.19%
Funds and Investment Trusts		0.77%
U.S. Treasury Bills		0.09%
SUBTOTAL		2.05%
Derivative Offsets
Futures Offsets		-4.53%
Swap Offsets		-28.11%
SUBTOTAL		-32.64%
TOTAL		100.00%

Country Breakdown		Portfolio %
United States		72.40%
United Kingdom		3.36%
Canada		1.96%
France		1.68%
Luxembourg		1.62%
Brazil		1.51%
Spain		1.25%
Mexico		1.23%
Germany		0.97%
Nigeria		0.78%
Italy		0.70%
Bahrain		0.63%
Switzerland		0.63%
Dominican Republic		0.60%
Colombia		0.57%
Argentina		0.56%
India		0.53%
China		0.51%
Israel		0.48%
Netherlands		0.46%
Cote D'Ivoire		0.45%
Finland		0.42%
Sweden		0.42%
Zambia		0.40%
Ghana		0.37%
Macau		0.35%
Oman		0.35%
Ukraine		0.34%
Peru		0.33%
Angola		0.32%
Jersey (Channel Islands)		0.32%
Egypt		0.31%
Senegal		0.30%
Australia		0.29%
Gabon		0.24%
Indonesia		0.23%
Jamaica		0.23%
Ireland		0.21%
South Africa		0.21%
Hong Kong		0.19%
Ecuador		0.18%
El Salvador		0.16%
Denmark		0.14%
Turkey		0.12%
Japan		0.10%
Czech Republic		0.09%
Mauritius		0.09%
Guatemala		0.08%
Venezuela		0.07%
Chile		0.05%
Bermuda		0.04%
Kuwait		0.04%
Morocco		0.04%
Panama		0.04%
Belgium		0.02%
Cayman Islands		0.02%
Norway		0.01%
Total Investments		100.00%

Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.26%
Canadian Dollar		0.11%
Pound Sterling		0.02%
Argentine Peso		0.01%
Brazilian Real		0.01%
Mexican Peso		0.01%
Norwegian Krone		0.01%
Singapore Dollar		0.01%
Australian Dollar		-0.01%
Chilean Peso		-0.01%
Chinese Yuan Renminbi (Offshore)		-0.01%
New Zealand Dollar		-0.01%
Polish Zloty		-0.01%
Colombian Peso		-0.11%
Euro		-0.28%
Total Net Assets		100.00%

Credit Rating		Portfolio %
AAA		4.35%
AA		0.12%
A		1.25%
BBB		12.40%
BB		38.30%
B		26.29%
CCC		8.48%
CC		0.16%
C		0.12%
D		0.10%
Not Rated		4.35%
Short Term Investments		0.86%
Reverse Repurchase Agreements		-0.10%
N/A		3.32%
Total		100.00%

Bonds by Maturity		Portfolio %
Less than 1 Year		6.42%
1 To 5 Years		41.76%
5 To 10 Years		40.98%
10 To 20 Years		5.28%
20 To 30 Years		2.34%
More than 30 Years		1.24%
Other		1.98%
Total Net Assets		100.00%

Portfolio Statistics:
Average Coupon:		6.96%
Average Bond Price:		96.68
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		27.58%
Preferred Stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		27.58%
Average Maturity:		6.11 Years
Effective Duration:		4.28 Years
Total Net Assets:		$1,036.96 Million
Net Asset Value:		$12.03
Total Number of Holdings:		1,656
Portfolio Turnover:		51.00%

* 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.