AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, June 27, 2022 /PRNewswire/ -- AB Global High Income Fund[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of May 31, 2022.

AB Global High Income Fund
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27		1.67 %
2) U.S. Treasury Notes 2.875%, 08/15/28		1.13 %
3) CCO Holdings 4.50%, 08/15/30 - 06/01/33		0.69 %
4) CCO Holdings 4.75%, 02/01/32		0.65 %
5) Dominican Republic Intl Bond 8.625%, 04/20/27		0.63 %
6) Altice France SA/France 5.125%, 07/15/29		0.55 %
7) Sirius XM Radio, Inc. 4.00%, 07/15/28		0.54 %
8) CSC Holdings LLC 5.75%, 01/15/30		0.53 %
9) Altice Financing SA 5.75%, 08/15/29		0.52 %
10) Royal Caribbean Cruises 5.50%, 08/31/26 - 04/01/28		0.48 %
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Communications - Media		6.69 %
Energy		6.17 %
Consumer Non-Cyclical		5.74 %
Basic		3.43 %
Services		3.25 %
Communications - Telecommunications		3.16 %
Consumer Cyclical - Other		3.02 %
Consumer Cyclical - Automotive		2.71 %
Capital Goods		2.67 %
Technology		2.66 %
Consumer Cyclical - Entertainment		2.52 %
Consumer Cyclical - Retailers		2.23 %
Consumer Cyclical - Restaurants		0.71 %
Transportation - Services		0.65 %
Transportation - Airlines		0.33 %
Other Industrial		0.07 %
SUBTOTAL		46.01 %
Credit Default Swaps		21.16 %
Financial Institutions
Banking		2.00 %
Finance		1.78 %
REITs		1.31 %
Insurance		0.69 %
Other Finance		0.52 %
Brokerage		0.42 %
SUBTOTAL		6.72 %
Utility
Electric		1.12 %
Other Utility		0.19 %
SUBTOTAL		1.31 %
SUBTOTAL		75.20 %
Interest Rate Futures		14.82 %
Corporates - Investment Grade
Financial Institutions
Banking		2.86 %
Insurance		1.47 %
Finance		0.66 %
REITs		0.34 %
Brokerage		0.12 %
Other Finance		0.02 %
SUBTOTAL		5.47 %
Industrial
Energy		0.81 %
Basic		0.74 %
Communications - Telecommunications		0.71 %
Transportation - Airlines		0.48 %
Consumer Cyclical - Other		0.44 %
Communications - Media		0.33 %
Capital Goods		0.26 %
Consumer Non-Cyclical		0.23 %
Technology		0.20 %
Other Industrial		0.19 %
Consumer Cyclical - Retailers		0.15 %
Consumer Cyclical - Automotive		0.11 %
Services		0.02 %
SUBTOTAL		4.67 %
Utility
Electric		0.07 %
SUBTOTAL		0.07 %
SUBTOTAL		10.21 %
Collateralized Mortgage Obligations
Risk Share Floating Rate		4.72 %
Non-Agency Fixed Rate		0.44 %
Non-Agency Floating Rate		0.39 %
Agency Fixed Rate		0.36 %
SUBTOTAL		5.91 %
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.56 %
Non-Agency Fixed Rate CMBS		1.15 %
Non-Agency Floating Rate CMBS		0.02 %
SUBTOTAL		5.73 %
Emerging Markets - Corporate Bonds
Industrial
Basic		1.36 %
Consumer Non-Cyclical		0.74 %
Consumer Cyclical - Other		0.73 %
Energy		0.67 %
Capital Goods		0.43 %
Communications - Telecommunications		0.29 %
Technology		0.19 %
Communications - Media		0.10 %
Services		0.07 %
Transportation - Services		0.07 %
SUBTOTAL		4.65 %
Utility
Electric		0.53 %
SUBTOTAL		0.53 %
Financial Institutions
REITs		0.24 %
Banking		0.06 %
Insurance		0.04 %
Finance		0.02 %
Other Finance		0.01 %
SUBTOTAL		0.37 %
SUBTOTAL		5.55 %
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		4.93 %
Credit Default Swaps		0.26 %
SUBTOTAL		5.19 %
Bank Loans
Industrial
Technology		0.87 %
Communications - Telecommunications		0.76 %
Consumer Non-Cyclical		0.67 %
Capital Goods		0.53 %
Energy		0.44 %
Consumer Cyclical - Retailers		0.34 %
Other Industrial		0.31 %
Communications - Media		0.23 %
Services		0.17 %
Consumer Cyclical - Other		0.14 %
Consumer Cyclical - Restaurants		0.08 %
Consumer Cyclical - Automotive		0.04 %
SUBTOTAL		4.58 %
Financial Institutions
Insurance		0.27 %
Finance		0.02 %
SUBTOTAL		0.29 %
Utility
Electric		0.18 %
SUBTOTAL		0.18 %
SUBTOTAL		5.05 %
Collateralized Loan Obligations
CLO - Floating Rate		4.35 %
SUBTOTAL		4.35 %
Global Governments		3.49 %
Common Stocks		1.61 %
Total Return Swaps		1.51 %
Quasi-Sovereigns
Quasi-Sovereign Bonds		0.96 %
SUBTOTAL		0.96 %
Local Governments - US Municipal Bonds		0.47 %
Inflation-Linked Securities		0.24 %
Preferred Stocks
Industrials		0.20 %
SUBTOTAL		0.20 %
Asset-Backed Securities
Autos - Fixed Rate		0.08 %
Other ABS - Fixed Rate		0.07 %
SUBTOTAL		0.15 %
Warrants		0.06 %
Put Options Written		-0.03 %
Forward Currency Exchange Contracts
Currency Instruments		-0.09 %
SUBTOTAL		-0.09 %
Reverse Repurchase Agreements		-0.47 %
Cash & Cash Equivalents
Cash		2.87 %
Funds and Investment Trusts		1.30 %
U.S. Treasury Bills		0.10 %
SUBTOTAL		4.27 %
Derivative Offsets
Futures Offsets		-14.86 %
Swap Offsets		-29.52 %
SUBTOTAL		-44.38 %
TOTAL		100.00 %
Country Breakdown		Portfolio %
United States		70.98 %
United Kingdom		3.47 %
Canada		1.97 %
France		1.74 %
Luxembourg		1.62 %
Brazil		1.55 %
Mexico		1.21 %
Spain		0.99 %
Germany		0.98 %
Nigeria		0.76 %
Italy		0.69 %
India		0.66 %
Switzerland		0.66 %
Bahrain		0.65 %
Dominican Republic		0.63 %
Australia		0.59 %
Colombia		0.57 %
Israel		0.49 %
China		0.48 %
Cote D'Ivoire		0.44 %
Argentina		0.43 %
Finland		0.43 %
Netherlands		0.43 %
Sweden		0.42 %
Hong Kong		0.39 %
Macau		0.39 %
Oman		0.37 %
Angola		0.33 %
Ghana		0.33 %
Jersey (Channel Islands)		0.32 %
Peru		0.32 %
Senegal		0.29 %
Egypt		0.28 %
Indonesia		0.27 %
Ukraine		0.27 %
Zambia		0.27 %
Gabon		0.23 %
Jamaica		0.23 %
South Africa		0.22 %
Ecuador		0.19 %
Ireland		0.17 %
Denmark		0.15 %
El Salvador		0.15 %
Japan		0.13 %
Turkey		0.12 %
Guatemala		0.08 %
Venezuela		0.07 %
Chile		0.05 %
Bermuda		0.04 %
Kuwait		0.04 %
Panama		0.04 %
Morocco		0.03 %
Belgium		0.02 %
Cayman Islands		0.02 %
Czech Republic		0.02 %
Norway		0.02 %
Cash & Cash Equivalents		1.31 %
Total Investments		100.00 %
Net Currency Exposure Breakdown		Portfolio %
US Dollar		100.08 %
Canadian Dollar		0.11 %
Norwegian Krone		0.02 %
Argentine Peso		0.01 %
Australian Dollar		0.01 %
Japanese Yen		0.01 %
Mexican Peso		0.01 %
Singapore Dollar		0.01 %
Chinese Yuan Renminbi (Offshore)		-0.01 %
Pound Sterling		-0.01 %
New Zealand Dollar		-0.01 %
Polish Zloty		-0.01 %
Swedish Krona		-0.01 %
Euro		-0.08 %
Colombian Peso		-0.13 %
Total Net Assets		100.00 %
Credit Rating		Portfolio %
AAA		5.93 %
AA		0.11 %
A		1.24 %
BBB		12.79 %
BB		38.96 %
B		23.69 %
CCC		8.95 %
CC		0.16 %
C		0.12 %
D		0.11 %
Not Rated		4.41 %
Short Term Investments		1.40 %
Reverse Repurchase Agreements		-0.47 %
N/A		2.60 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		4.72 %
1 To 5 Years		40.16 %
5 To 10 Years		44.49 %
10 To 20 Years		4.59 %
20 To 30 Years		2.72 %
More than 30 Years		1.65 %
Other		1.67 %
Total Net Assets		100.00 %
Portfolio Statistics:
Average Coupon:		7.19 %
Average Bond Price:		92.17
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00 %
Investment Operations:		28.58 %
Preferred Stock:		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		0.00 %
Total Fund Leverage:		28.58 %
Average Maturity:		6.48 Years
Effective Duration:		4.76 Years
Total Net Assets:		$978.51 Million
Net Asset Value:		$11.35
Total Number of Holdings:		1,612
Portfolio Turnover:		40.00 %
* 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.

 

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SOURCE AB Global High Income Fund, Inc.