AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 24, 2020 /PRNewswire/ -- AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of July 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings	Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27	2.50%
2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21	1.90%
3) U.S. Treasury Notes  2.875%, 8/15/28	1.59%
4) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29	0.71%
5) Argentine Republic Government International Bond  6.875%, 1/26/27 - 1/11/48	0.71%
6) Dominican Republic International Bond  8.625%, 4/20/27	0.64%
7) Colombian TES Series B 10.00%, 7/24/24	0.58%
8) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24	0.50%
9) U.S. Treasury Bonds  5.25%, 2/15/29	0.45%
10) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 0.351%, 1/25/37	0.41%
Investment Type	Portfolio %
Corporates - Non-Investment Grade
Credit Default Swaps	29.29%
SUBTOTAL	29.29%
Industrial
Communications - Media	3.45%
Energy	3.27%
Consumer Non-Cyclical	3.20%
Basic	2.93%
Consumer Cyclical - Other	2.77%
Capital Goods	2.43%
Consumer Cyclical - Automotive	2.12%
Communications - Telecommunications	2.07%
Services	1.77%
Consumer Cyclical - Retailers	1.27%
Technology	1.00%
Consumer Cyclical - Entertainment	0.69%
Transportation - Services	0.55%
Consumer Cyclical - Restaurants	0.30%
Other Industrial	0.30%
SUBTOTAL	28.12%
Financial Institutions
Banking	2.35%
Finance	0.91%
Insurance	0.85%
REITS	0.78%
Brokerage	0.61%
Other Finance	0.48%
SUBTOTAL	5.98%
Utility
Electric	0.60%
SUBTOTAL	0.60%
SUBTOTAL	63.99%
Corporates - Investment Grade
Industrial
Energy	1.65%
Basic	1.04%
Consumer Cyclical - Other	0.98%
Consumer Cyclical - Entertainment	0.86%
Technology	0.74%
Consumer Cyclical - Automotive	0.63%
Communications - Media	0.48%
Consumer Non-Cyclical	0.44%
Transportation - Services	0.38%
Transportation - Airlines	0.36%
Communications - Telecommunications	0.29%
Services	0.27%
Other Industrial	0.19%
Capital Goods	0.18%
Consumer Cyclical - Retailers	0.06%
SUBTOTAL	8.55%
Financial Institutions
Banking	5.35%
Insurance	1.98%
REITS	0.44%
Finance	0.37%
Brokerage	0.14%
Other Finance	0.02%
SUBTOTAL	8.30%
Credit Default Swaps	0.14%
SUBTOTAL	0.14%
Utility
Electric	0.06%
SUBTOTAL	0.06%
SUBTOTAL	17.05%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	10.21%
Credit Default Swaps	0.47%
SUBTOTAL	10.68%
Collateralized Mortgage Obligations
Risk Share Floating Rate	8.54%
Non-Agency Fixed Rate	0.69%
Non-Agency Floating Rate	0.58%
Agency Fixed Rate	0.55%
SUBTOTAL	10.36%
Global Governments	8.05%
Interest Rate Futures	7.56%
Commercial Mortgage-Backed Securities
Credit Default Swaps	4.64%
Non-Agency Fixed Rate CMBS	1.48%
Non-Agency Floating Rate CMBS	0.09%
SUBTOTAL	6.21%
Bank Loans
Industrial
Consumer Non-Cyclical	1.02%
Technology	0.84%
Capital Goods	0.54%
Consumer Cyclical - Other	0.53%
Services	0.51%
Consumer Cyclical - Retailers	0.25%
Energy	0.20%
Communications - Media	0.16%
Other Industrial	0.13%
Consumer Cyclical - Restaurants	0.11%
Communications - Telecommunications	0.09%
Consumer Cyclical - Entertainment	0.08%
Consumer Cyclical - Automotive	0.08%
Basic	0.05%
Transportation - Airlines	0.02%
SUBTOTAL	4.61%
Financial Institutions
Insurance	0.13%
Finance	0.12%
SUBTOTAL	0.25%
Utility
Electric	0.19%
SUBTOTAL	0.19%
SUBTOTAL	5.05%
Emerging Markets - Corporate Bonds
Industrial
Basic	1.18%
Energy	0.58%
Consumer Cyclical - Other	0.43%
Consumer Non-Cyclical	0.41%
Communications - Telecommunications	0.28%
Capital Goods	0.14%
Communications - Media	0.08%
Transportation - Services	0.05%
SUBTOTAL	3.15%
Utility
Electric	0.40%
SUBTOTAL	0.40%
Financial Institutions
Banking	0.05%
Insurance	0.01%
SUBTOTAL	0.06%
SUBTOTAL	3.61%
Emerging Markets - Treasuries	1.92%
Total Return Swaps	1.33%
Collateralized Loan Obligations
CLO - Floating Rate	1.29%
SUBTOTAL	1.29%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.12%
SUBTOTAL	1.12%
Asset-Backed Securities
Other ABS - Fixed Rate	0.52%
Home Equity Loans - Fixed Rate	0.29%
Autos - Fixed Rate	0.28%
SUBTOTAL	1.09%
Common Stocks
	0.64%
Common Stocks	0.28%
SUBTOTAL	0.92%
Energy
Oil Gas & Consumable Fuels	0.01%
SUBTOTAL	0.01%
Investment Companies
Funds and Investment Trusts	0.53%
SUBTOTAL	0.53%
Local Governments - US Municipal Bonds	0.38%
Inflation-Linked Securities	0.25%
Preferred Stocks
Financial Institutions	0.14%
Industrial	0.09%
Utility	0.02%
SUBTOTAL	0.25%
Warrants	0.02%
Local Governments - Regional Bonds	0.01%
Whole Loan Trusts
Performing Asset	0.01%
SUBTOTAL	0.01%
Reverse Repurchase Agreements	-0.12%
Currency Instruments
Forward Currency Exchange Contracts	-0.18%
SUBTOTAL	-0.18%
Net Cash Equivalents
Cash	1.82%
Investment Companies	1.38%
Foreign Currency	-0.02%
SUBTOTAL	3.18%
Derivative Offsets
Futures Offsets	-7.26%
Swaps Offsets	-37.31%
SUBTOTAL	-44.57%
Total	100.00%
Country Breakdown	Portfolio %
United States	65.42%
Brazil	4.72%
United Kingdom	2.51%
Mexico	1.61%
Canada	1.59%
Colombia	1.26%
France	1.23%
Netherlands	1.20%
Argentina	1.10%
Egypt	1.05%
Dominican Republic	1.01%
Cayman Islands	0.95%
Italy	0.91%
Switzerland	0.86%
Luxembourg	0.84%
Ukraine	0.81%
Indonesia	0.81%
Russia	0.73%
Spain	0.68%
Bahrain	0.66%
Nigeria	0.57%
Ireland	0.55%
Ivory Coast	0.51%
Kenya	0.48%
Oman	0.47%
South Africa	0.43%
Angola	0.39%
Finland	0.38%
United Arab Emirates	0.38%
Sweden	0.37%
Bermuda	0.35%
Gabon	0.34%
El Salvador	0.30%
Honduras	0.29%
Costa Rica	0.29%
Germany	0.28%
Ecuador	0.28%
Ghana	0.27%
Denmark	0.27%
Zambia	0.26%
Senegal	0.26%
Mongolia	0.25%
Macau	0.23%
Turkey	0.20%
Hong Kong	0.20%
Chile	0.18%
Norway	0.16%
Australia	0.15%
Jamaica	0.14%
Peru	0.11%
Israel	0.11%
China	0.08%
Kazakhstan	0.07%
Sri Lanka	0.07%
Guatemala	0.06%
Jordan	0.06%
Iraq	0.06%
Morocco	0.05%
Venezuela	0.05%
Lebanon	0.04%
Kuwait	0.04%
Pakistan	0.02%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	98.71%
Japanese Yen	0.73%
Indian Rupee	0.31%
Egypt Pound	0.26%
Indonesian Rupiah	0.26%
Brazilian Real	0.19%
Russian Rubles	0.18%
Nigerian Naira	0.09%
Argentine Peso	0.05%
Mexican Peso	0.05%
Great British Pound	0.02%
Malaysian Ringgit	0.01%
Swiss Franc	-0.01%
Chilean Peso	-0.01%
Colombian Peso	-0.01%
Canadian Dollar	-0.09%
Euro	-0.74%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	7.55%
AA	1.46%
A	2.01%
BBB	23.64%
BB	26.12%
B	20.28%
CCC	7.37%
CC	1.63%
C	0.09%
D	0.22%
Not Rated	5.54%
Short Term Investments	1.38%
Reverse Repurchase Agreements	-0.12%
N/A	2.83%
Total	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	8.54%
1 to 5 years	54.29%
5 to 10 years	26.20%
10 to 20 years	6.11%
20 to 30 years	3.61%
More Than 30 years	0.30%
Other	0.95%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.74%
Average Bond Price:	101.59
Percentage of Leverage(based on gross assets):
Bank Borrowing:	0.00%
Investment Operations:	45.26%
Preferred stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	45.26%
Average Maturity:	5.57  Years
Effective Duration:	4.77  Years
Total Net Assets:	$1,048.79 Million
Net Asset Value:	$12.16
Number of Holdings:	1613
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.