AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Nov. 23, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of October 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27		2.47%
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21		1.70%
3) U.S. Treasury Notes  2.875%, 8/15/28		1.56%
4) Argentine Republic Government International Bond  0.125%, 7/09/30 - 7/09/41		0.84%
5) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29		0.72%
6) Dominican Republic International Bond  8.625%, 4/20/27		0.65%
7) Colombian TES Series B 10.00%, 7/24/24		0.55%
8) Nigeria Government International Bond  7.625%, 11/21/25 - 11/28/47		0.51%
9) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24		0.50%
10) U.S. Treasury Bonds  5.25%, 2/15/29		0.44%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Communications - Media		3.31%
Energy		3.19%
Consumer Non-Cyclical		2.92%
Consumer Cyclical - Other		2.80%
Basic		2.67%
Capital Goods		2.48%
Services		2.36%
Consumer Cyclical - Automotive		2.15%
Communications - Telecommunications		2.04%
Consumer Cyclical - Retailers		1.66%
Technology		1.59%
Consumer Cyclical - Entertainment		1.45%
Transportation - Services		0.55%
Other Industrial		0.34%
Consumer Cyclical - Restaurants		0.31%
Transportation - Airlines		0.17%
SUBTOTAL		29.99%
Credit Default Swaps		28.85%
SUBTOTAL		28.85%
Financial Institutions
Banking		2.41%
Finance		0.93%
Insurance		0.80%
REITS		0.78%
Brokerage		0.48%
Other Finance		0.44%
SUBTOTAL		5.84%
Utility
Electric		0.55%
SUBTOTAL		0.55%
SUBTOTAL		65.23%
Corporates - Investment Grade
Financial Institutions
Banking		5.40%
Insurance		2.00%
Finance		0.63%
REITS		0.45%
Brokerage		0.14%
Other Finance		0.02%
SUBTOTAL		8.64%
Industrial
Energy		1.47%
Basic		0.98%
Consumer Cyclical - Other		0.93%
Technology		0.74%
Consumer Cyclical - Automotive		0.74%
Transportation - Airlines		0.49%
Consumer Non-Cyclical		0.41%
Transportation - Services		0.35%
Communications - Telecommunications		0.29%
Capital Goods		0.18%
Other Industrial		0.16%
Services		0.13%
Communications - Media		0.13%
SUBTOTAL		7.00%
Utility
Electric		0.06%
SUBTOTAL		0.06%
SUBTOTAL		15.70%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		10.81%
Credit Default Swaps		0.48%
SUBTOTAL		11.29%
Collateralized Mortgage Obligations
Risk Share Floating Rate		8.40%
Non-Agency Fixed Rate		0.66%
Non-Agency Floating Rate		0.55%
Agency Fixed Rate		0.51%
SUBTOTAL		10.12%
Global Governments		7.56%
Interest Rate Futures		6.24%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.63%
Non-Agency Fixed Rate CMBS		1.30%
Non-Agency Floating Rate CMBS		0.09%
SUBTOTAL		6.02%
Bank Loans
Industrial
Consumer Non-Cyclical		0.90%
Technology		0.77%
Capital Goods		0.55%
Consumer Cyclical - Other		0.53%
Services		0.53%
Communications - Media		0.33%
Energy		0.20%
Consumer Cyclical - Retailers		0.16%
Other Industrial		0.13%
Consumer Cyclical - Restaurants		0.11%
Communications - Telecommunications		0.10%
Consumer Cyclical - Entertainment		0.09%
Consumer Cyclical - Automotive		0.08%
Basic		0.05%
Transportation - Airlines		0.02%
SUBTOTAL		4.55%
Utility
Electric		0.19%
SUBTOTAL		0.19%
Financial Institutions
Insurance		0.13%
Finance		0.03%
SUBTOTAL		0.16%
SUBTOTAL		4.90%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.30%
Energy		0.66%
Consumer Cyclical - Other		0.47%
Consumer Non-Cyclical		0.43%
Communications - Telecommunications		0.29%
Capital Goods		0.23%
Communications - Media		0.08%
Transportation - Services		0.05%
SUBTOTAL		3.51%
Utility
Electric		0.40%
SUBTOTAL		0.40%
Financial Institutions
Insurance		0.07%
Banking		0.05%
SUBTOTAL		0.12%
SUBTOTAL		4.03%
Emerging Markets - Treasuries		1.70%
Total Return Swaps		1.36%
Collateralized Loan Obligations
CLO - Floating Rate		1.32%
SUBTOTAL		1.32%
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.22%
SUBTOTAL		1.22%
Asset-Backed Securities
Other ABS - Fixed Rate		0.50%
Autos - Fixed Rate		0.28%
Home Equity Loans - Fixed Rate		0.28%
Home Equity Loans - Floating Rate		0.01%
SUBTOTAL		1.07%
Common Stocks		1.06%
Investment Companies
Funds and Investment Trusts		0.52%
SUBTOTAL		0.52%
Local Governments - US Municipal Bonds		0.37%
Preferred Stocks
Financial Institutions		0.23%
Industrial		0.10%
SUBTOTAL		0.33%
Inflation-Linked Securities		0.24%
Currency Instruments
Forward Currency Exchange Contracts		0.16%
SUBTOTAL		0.16%
Warrants		0.03%
Options Purchased - Puts
Swaptions		0.02%
SUBTOTAL		0.02%
Whole Loan Trusts
Performing Asset		0.01%
SUBTOTAL		0.01%
Reverse Repurchase Agreements		-0.05%
Net Cash Equivalents
Cash		2.18%
Investment Companies		0.64%
Governments - Treasuries		0.28%
Foreign Currency		-0.03%
SUBTOTAL		3.07%
Derivative Offsets
Futures Offsets		-6.40%
Swaps Offsets		-37.12%
SUBTOTAL		-43.52%
Total		100.00%
Country Breakdown		Portfolio %
United States		64.84%
Brazil		4.47%
United Kingdom		2.69%
Mexico		1.68%
Canada		1.62%
Egypt		1.34%
France		1.14%
Colombia		1.11%
Dominican Republic		1.03%
Indonesia		0.98%
Cayman Islands		0.97%
Netherlands		0.94%
Italy		0.92%
Argentina		0.89%
Switzerland		0.89%
Luxembourg		0.83%
Nigeria		0.82%
Ukraine		0.80%
Bahrain		0.76%
Spain		0.67%
Russia		0.67%
Ivory Coast		0.60%
Ireland		0.56%
South Africa		0.53%
Kenya		0.51%
Oman		0.47%
Bermuda		0.43%
Gabon		0.42%
Senegal		0.40%
Finland		0.39%
Ghana		0.37%
Angola		0.36%
Sweden		0.34%
Germany		0.30%
Honduras		0.30%
Ecuador		0.29%
Zambia		0.28%
Macau		0.28%
El Salvador		0.27%
Denmark		0.27%
Costa Rica		0.26%
Israel		0.22%
Hong Kong		0.19%
Turkey		0.19%
Chile		0.19%
Mongolia		0.18%
Norway		0.16%
Australia		0.15%
Jamaica		0.14%
Peru		0.13%
Japan		0.10%
China		0.08%
Kazakhstan		0.08%
Venezuela		0.07%
Guatemala		0.06%
Jordan		0.06%
United Arab Emirates		0.06%
Iraq		0.06%
Morocco		0.05%
Sri Lanka		0.05%
Kuwait		0.04%
Lebanon		0.03%
Pakistan		0.02%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		101.22%
Egypt Pound		0.28%
Nigerian Naira		0.06%
Great British Pound		0.03%
Argentine Peso		0.02%
Indian Rupee		0.01%
Malaysian Ringgit		0.01%
Canadian Dollar		-0.01%
Swiss Franc		-0.01%
Chinese Yuan Renminbi (Offshore)		-0.01%
Polish Zloty		-0.01%
Brazilian Real		-0.05%
Colombian Peso		-0.06%
Australian Dollar		-0.25%
New Zealand Dollar		-0.25%
Russian Rubles		-0.26%
Euro		-0.72%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		7.15%
AA		1.04%
A		1.35%
BBB		22.46%
BB		26.49%
B		22.11%
CCC		8.34%
CC		0.67%
C		0.11%
D		0.37%
Not Rated		5.82%
Short Term Investments		0.92%
Reverse Repurchase Agreements		-0.05%
N/A		3.22%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		4.56%
1 to 5 years		56.13%
5 to 10 years		26.87%
10 to 20 years		7.01%
20 to 30 years		3.91%
More Than 30 years		0.43%
Other		1.09%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.64%
Average Bond Price:		101.63
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		29.61%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		29.61%
Average Maturity:		5.92  Years
Effective Duration:		4.47  Years
Total Net Assets:		$1,044.48 Million
Net Asset Value:		$12.11
Number of Holdings:		1507
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.

 

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SOURCE AB Global High Income Fund, Inc.