AB Global High Income Fund Releases Monthly Portfolio Update

New York, Oct. 25, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of September 30, 2021.

AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings	Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27	1.80%
2) U.S. Treasury Notes  2.875%, 8/15/28	1.26%
3) CCO Holdings LLC/CCO Holdings Capital Corp.  4.50%, 8/15/30 - 6/01/33	0.70%
4) Dominican Republic International Bond  8.625%, 4/20/27	0.62%
5) Sirius XM Radio, Inc.  4.00%, 7/15/28	0.59%
6) Altice France SA/France  5.125%, 7/15/29	0.55%
7) Altice Financing SA  5.75%, 8/15/29	0.50%
8) Royal Caribbean Cruises Ltd.  5.50%, 8/31/26 - 4/01/28	0.49%
9) Argentine Republic Government International Bond  1.125%, 7/09/35	0.47%
10) Nigeria Government International Bond  7.625%, 11/21/25 - 11/28/47	0.46%
Investment Type	Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy	6.85%
Communications - Media	5.78%
Consumer Non-Cyclical	5.53%
Services	3.53%
Basic	3.23%
Communications - Telecommunications	3.00%
Consumer Cyclical - Other	2.99%
Consumer Cyclical - Automotive	2.85%
Capital Goods	2.73%
Technology	2.61%
Consumer Cyclical - Entertainment	2.50%
Consumer Cyclical - Retailers	2.21%
Consumer Cyclical - Restaurants	0.65%
Transportation - Services	0.57%
Transportation - Airlines	0.47%
Other Industrial	0.17%
SUBTOTAL	45.67%
Credit Default Swaps	20.04%
SUBTOTAL	20.04%
Financial Institutions
Banking	2.24%
Finance	1.74%
REITs	1.42%
Insurance	0.90%
Brokerage	0.38%
Other Finance	0.24%
SUBTOTAL	6.92%
Utility
Electric	1.08%
SUBTOTAL	1.08%
SUBTOTAL	73.71%
Corporates - Investment Grade
Financial Institutions
Banking	3.61%
Insurance	1.69%
Finance	0.55%
REITs	0.26%
Brokerage	0.12%
Other Finance	0.02%
SUBTOTAL	6.25%
Industrial
Basic	1.01%
Communications - Telecommunications	0.71%
Consumer Cyclical - Other	0.54%
Energy	0.53%
Consumer Non-Cyclical	0.49%
Transportation - Airlines	0.44%
Technology	0.24%
Capital Goods	0.21%
Other Industrial	0.15%
Consumer Cyclical - Automotive	0.11%
Communications - Media	0.07%
Services	0.06%
Consumer Cyclical - Retailers	0.05%
SUBTOTAL	4.61%
Utility
Electric	0.01%
SUBTOTAL	0.01%
SUBTOTAL	10.87%
Collateralized Mortgage Obligations
Risk Share Floating Rate	6.10%
Non-Agency Fixed Rate	0.49%
Non-Agency Floating Rate	0.42%
Agency Fixed Rate	0.36%
SUBTOTAL	7.37%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	6.90%
Credit Default Swaps	0.23%
SUBTOTAL	7.13%
Commercial Mortgage-Backed Securities
Credit Default Swaps	4.00%
Non-Agency Fixed Rate CMBS	1.03%
Non-Agency Floating Rate CMBS	0.02%
SUBTOTAL	5.05%
Interest Rate Futures	4.64%
Emerging Markets - Corporate Bonds
Industrial
Basic	1.43%
Energy	0.76%
Consumer Cyclical - Other	0.60%
Communications - Telecommunications	0.39%
Capital Goods	0.35%
Consumer Non-Cyclical	0.16%
Services	0.07%
Communications - Media	0.04%
SUBTOTAL	3.80%
Financial Institutions
REITs	0.28%
Banking	0.05%
Insurance	0.04%
Other Finance	0.02%
Finance	0.02%
SUBTOTAL	0.41%
Utility
Electric	0.36%
SUBTOTAL	0.36%
SUBTOTAL	4.57%
Bank Loans
Industrial
Consumer Non-Cyclical	0.75%
Communications - Telecommunications	0.70%
Technology	0.70%
Capital Goods	0.55%
Energy	0.27%
Consumer Cyclical - Retailers	0.24%
Communications - Media	0.22%
Consumer Cyclical - Other	0.20%
Services	0.18%
Other Industrial	0.17%
Consumer Cyclical - Restaurants	0.07%
Consumer Cyclical - Automotive	0.04%
SUBTOTAL	4.09%
Utility
Electric	0.23%
SUBTOTAL	0.23%
Financial Institutions
Insurance	0.22%
SUBTOTAL	0.22%
SUBTOTAL	4.54%
Global Governments	3.87%
Collateralized Loan Obligations
CLO - Floating Rate	2.00%
SUBTOTAL	2.00%
Common Stocks	1.79%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.19%
SUBTOTAL	1.19%
Total Return Swaps	0.91%
Asset-Backed Securities
Other ABS - Fixed Rate	0.24%
Home Equity Loans - Fixed Rate	0.21%
Autos - Fixed Rate	0.17%
Home Equity Loans - Floating Rate	0.01%
SUBTOTAL	0.63%
Local Governments - US Municipal Bonds	0.47%
Preferred Stocks
Industrial	0.36%
Financial Institutions	0.10%
SUBTOTAL	0.46%
Inflation-Linked Securities	0.22%
Currency Instruments
Forward Currency Exchange Contracts	0.11%
SUBTOTAL	0.11%
Warrants	0.05%
Reverse Repurchase Agreements	-0.06%
Net Cash Equivalents
Cash	1.04%
Investment Companies	0.86%
Foreign Currency	-0.02%
SUBTOTAL	1.88%
Derivative Offsets
Futures Offsets	-4.73%
Swaps Offsets	-26.67%
SUBTOTAL	-31.40%
Total	100.00%
Country Breakdown	Portfolio %
United States	72.37%
United Kingdom	3.02%
Canada	2.24%
France	1.55%
Luxembourg	1.47%
Brazil	1.39%
Mexico	1.18%
Spain	1.04%
Switzerland	0.85%
Nigeria	0.79%
Argentina	0.78%
Germany	0.74%
Ukraine	0.71%
Egypt	0.71%
Bahrain	0.67%
Dominican Republic	0.63%
Italy	0.56%
Ivory Coast	0.54%
Zambia	0.52%
China	0.50%
Oman	0.50%
Colombia	0.50%
Finland	0.48%
Netherlands	0.43%
Sweden	0.43%
Angola	0.40%
Ghana	0.39%
Senegal	0.35%
Macau	0.34%
Gabon	0.34%
Jersey (Channel Islands)	0.30%
Australia	0.29%
Hong Kong	0.24%
Israel	0.24%
El Salvador	0.23%
Peru	0.23%
Jamaica	0.23%
Indonesia	0.22%
India	0.20%
South Africa	0.19%
Ecuador	0.17%
Denmark	0.13%
Turkey	0.12%
Japan	0.11%
Chile	0.10%
Panama	0.10%
Ireland	0.09%
Trinidad & Tobago	0.09%
Venezuela	0.07%
Guatemala	0.04%
Bermuda	0.04%
Kuwait	0.04%
Morocco	0.04%
Cayman Islands	0.02%
Belgium	0.02%
Czech Republic	0.02%
Norway	0.01%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	100.35%
Canadian Dollar	0.11%
Great British Pound	0.02%
Argentine Peso	0.01%
Indian Rupee	0.01%
Malaysian Ringgit	0.01%
Norwegian Krone	0.01%
Russian Rubles	0.01%
South African Rand	0.01%
Swiss Franc	-0.01%
Chinese Yuan Renminbi	-0.01%
Mexican Peso	-0.01%
Colombian Peso	-0.10%
Euro	-0.41%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	4.02%
AA	0.40%
A	0.72%
BBB	14.80%
BB	34.48%
B	27.19%
CCC	8.57%
CC	0.20%
C	0.17%
D	0.20%
Not Rated	4.81%
Short Term Investments	0.86%
Reverse Repurchase Agreements	-0.06%
N/A	3.64%
Total	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	9.64%
1 to 5 years	52.01%
5 to 10 years	27.46%
10 to 20 years	5.56%
20 to 30 years	3.25%
More Than 30 years	0.24%
Other	1.84%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	6.95%
Average Bond Price:	103.24
Percentage of Leverage(based on gross assets):
Bank Borrowing:	0.00%
Investment Operations:	24.15%
Preferred stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	24.15%
Average Maturity:	5.41  Years
Effective Duration:	4.40  Years
Total Net Assets:	$1,119.57 Million
Net Asset Value:	$12.98
Number of Holdings:	1611
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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SOURCE AB Global High Income Fund, Inc.