AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, March 29, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2021.

AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27		1.83%
2) U.S. Treasury Notes  2.875%, 8/15/28		1.29%
3) Argentine Republic Government International Bond  0.125%, 7/09/30 - 7/09/41		0.78%
4) Dominican Republic International Bond  8.625%, 4/20/27		0.62%
5) Colombian TES Series B 10.00%, 7/24/24		0.54%
6) Nigeria Government International Bond  7.625%, 11/21/25 - 11/28/47		0.53%
7) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24		0.49%
8) Oman Government International Bond  4.125%, 1/17/23		0.39%
9) First Quantum Minerals Ltd.  7.25%, 4/01/23		0.39%
10) Petroleos Mexicanos  5.95%, 1/28/31		0.39%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		6.64%
Consumer Non-Cyclical		3.73%
Communications - Media		3.47%
Basic		2.90%
Consumer Cyclical - Automotive		2.49%
Consumer Cyclical - Other		2.44%
Capital Goods		2.30%
Services		2.15%
Consumer Cyclical - Retailers		2.05%
Technology		2.04%
Communications - Telecommunications		1.88%
Consumer Cyclical - Entertainment		1.83%
Transportation - Services		0.55%
Other Industrial		0.33%
Consumer Cyclical - Restaurants		0.17%
Transportation - Airlines		0.14%
SUBTOTAL		35.11%
Credit Default Swaps		26.50%
SUBTOTAL		26.50%
Financial Institutions
Banking		2.22%
Finance		1.17%
REITS		0.98%
Insurance		0.90%
Other Finance		0.44%
Brokerage		0.33%
SUBTOTAL		6.04%
Utility
Electric		0.55%
SUBTOTAL		0.55%
SUBTOTAL		68.20%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		10.73%
Credit Default Swaps		0.46%
SUBTOTAL		11.19%
Corporates - Investment Grade
Financial Institutions
Banking		4.34%
Insurance		1.43%
Finance		0.34%
REITS		0.24%
Other Finance		0.02%
SUBTOTAL		6.37%
Industrial
Basic		0.84%
Consumer Cyclical - Other		0.60%
Transportation - Airlines		0.58%
Energy		0.52%
Technology		0.26%
Capital Goods		0.20%
Other Industrial		0.19%
Consumer Cyclical - Automotive		0.11%
Consumer Non-Cyclical		0.06%
Consumer Cyclical - Retailers		0.06%
Communications - Media		0.05%
Services		0.04%
SUBTOTAL		3.51%
SUBTOTAL		9.88%
Collateralized Mortgage Obligations
Risk Share Floating Rate		7.65%
Non-Agency Fixed Rate		0.58%
Non-Agency Floating Rate		0.49%
Agency Fixed Rate		0.44%
SUBTOTAL		9.16%
Interest Rate Futures		8.48%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.29%
Non-Agency Fixed Rate CMBS		1.25%
Non-Agency Floating Rate CMBS		0.09%
SUBTOTAL		5.63%
Bank Loans
Industrial
Consumer Non-Cyclical		1.07%
Technology		0.98%
Services		0.55%
Consumer Cyclical - Other		0.48%
Capital Goods		0.47%
Communications - Media		0.31%
Consumer Cyclical - Retailers		0.30%
Communications - Telecommunications		0.29%
Energy		0.27%
Other Industrial		0.26%
Consumer Cyclical - Restaurants		0.11%
Consumer Cyclical - Entertainment		0.08%
Consumer Cyclical - Automotive		0.08%
Transportation - Airlines		0.02%
SUBTOTAL		5.27%
Utility
Electric		0.18%
SUBTOTAL		0.18%
Financial Institutions
Insurance		0.13%
SUBTOTAL		0.13%
SUBTOTAL		5.58%
Global Governments		5.47%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.74%
Energy		0.83%
Consumer Cyclical - Other		0.60%
Consumer Non-Cyclical		0.42%
Communications - Telecommunications		0.32%
Capital Goods		0.23%
Communications - Media		0.08%
Transportation - Services		0.04%
SUBTOTAL		4.26%
Utility
Electric		0.38%
SUBTOTAL		0.38%
Financial Institutions
Banking		0.06%
Other Finance		0.04%
Insurance		0.04%
Finance		0.02%
SUBTOTAL		0.16%
SUBTOTAL		4.80%
Interest Rate Swaps		2.75%
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.59%
SUBTOTAL		1.59%
Common Stocks		1.55%
Collateralized Loan Obligations
CLO - Floating Rate		1.46%
SUBTOTAL		1.46%
Total Return Swaps		0.99%
Asset-Backed Securities
Other ABS - Fixed Rate		0.43%
Autos - Fixed Rate		0.27%
Home Equity Loans - Fixed Rate		0.25%
Home Equity Loans - Floating Rate		0.01%
SUBTOTAL		0.96%
Preferred Stocks
Industrial		0.28%
Financial Institutions		0.23%
SUBTOTAL		0.51%
Investment Companies
Funds and Investment Trusts		0.49%
SUBTOTAL		0.49%
Local Governments - US Municipal Bonds		0.33%
Inflation-Linked Securities		0.24%
Emerging Markets - Treasuries		0.22%
Currency Instruments
Forward Currency Exchange Contracts		0.08%
SUBTOTAL		0.08%
Warrants		0.08%
Equity Futures
Equity Index Futures		-0.07%
SUBTOTAL		-0.07%
Reverse Repurchase Agreements		-0.16%
Net Cash Equivalents
Investment Companies		4.06%
Governments - Treasuries		0.34%
Foreign Currency		-0.02%
Cash		-0.19%
SUBTOTAL		4.19%
Derivative Offsets
Futures Offsets		-8.50%
Swaps Offsets		-35.10%
SUBTOTAL		-43.60%
Total		100.00%
Country Breakdown		Portfolio %
United States		67.43%
United Kingdom		2.70%
Brazil		2.62%
Mexico		1.99%
Canada		1.78%
Egypt		1.36%
Luxembourg		1.09%
Colombia		1.07%
Cayman Islands		1.00%
Dominican Republic		0.98%
Switzerland		0.86%
Argentina		0.82%
Nigeria		0.81%
Ukraine		0.79%
Italy		0.76%
France		0.74%
Bahrain		0.73%
Russia		0.65%
Ivory Coast		0.62%
Spain		0.60%
Oman		0.59%
Zambia		0.53%
Kenya		0.50%
Sweden		0.47%
Netherlands		0.46%
Gabon		0.43%
Ghana		0.43%
Angola		0.42%
South Africa		0.40%
Turkey		0.40%
Finland		0.39%
Senegal		0.39%
Macau		0.37%
Germany		0.34%
El Salvador		0.31%
Costa Rica		0.30%
Peru		0.28%
Jersey (Channel Islands)		0.28%
Denmark		0.26%
Indonesia		0.25%
Honduras		0.25%
Jamaica		0.23%
Ecuador		0.23%
Hong Kong		0.23%
Israel		0.22%
India		0.21%
Chile		0.18%
Mongolia		0.17%
Ireland		0.14%
Australia		0.13%
Japan		0.11%
Bermuda		0.11%
Venezuela		0.07%
Kazakhstan		0.07%
Jordan		0.06%
Guatemala		0.06%
United Arab Emirates		0.06%
Iraq		0.05%
Morocco		0.05%
Kuwait		0.04%
Lebanon		0.03%
China		0.03%
Sri Lanka		0.02%
Pakistan		0.02%
Belgium		0.02%
Norway		0.01%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		98.19%
Brazilian Real		0.49%
Russian Rubles		0.48%
South African Rand		0.48%
Egypt Pound		0.42%
Mexican Peso		0.23%
New Turkish Lira		0.22%
Canadian Dollar		0.04%
Great British Pound		0.04%
Nigerian Naira		0.02%
Argentine Peso		0.01%
Chinese Yuan Renminbi (Offshore)		0.01%
Malaysian Ringgit		0.01%
Norwegian Krone		0.01%
Taiwan New Dollar		0.01%
Swiss Franc		-0.01%
South Korean Won		-0.01%
Singapore Dollar		-0.01%
Colombian Peso		-0.11%
Euro		-0.52%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		3.95%
AA		0.83%
A		0.82%
BBB		16.45%
BB		28.53%
B		25.94%
CCC		9.75%
CC		0.28%
C		0.10%
D		0.75%
Not Rated		5.59%
Short Term Investments		4.40%
Reverse Repurchase Agreements		-0.16%
N/A		2.77%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		9.28%
1 to 5 years		57.02%
5 to 10 years		21.44%
10 to 20 years		6.17%
20 to 30 years		3.57%
More Than 30 years		0.89%
Other		1.63%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.35%
Average Bond Price:		103.71
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		40.87%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		40.87%
Average Maturity:		5.69  Years
Effective Duration:		4.46  Years
Total Net Assets:		$1,110.13 Million
Net Asset Value:		$12.87
Number of Holdings:		1687
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.