AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, July 26, 2021 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of June 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) Argentine Republic Government International Bond  0.125%, 7/09/30 - 7/09/41		0.71%
4) CCO Holdings LLC/CCO Holdings Capital Corp.  4.50%, 8/15/30 - 6/01/33		0.70%
5) Dominican Republic International Bond  8.625%, 4/20/27		0.62%
6) Sirius XM Radio, Inc.  4.00%, 7/15/28		0.60%
7) Altice France SA/France  5.125%, 7/15/29		0.56%
8) Nigeria Government International Bond  7.625%, 11/21/25 - 11/28/47		0.47%
9) Vistra Operations Co. LLC  4.375%, 5/01/29		0.46%
10) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24		0.44%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		6.88%
Communications - Media		5.28%
Consumer Non-Cyclical		5.04%
Communications - Telecommunications		3.58%
Basic		3.40%
Consumer Cyclical - Other		2.69%
Services		2.64%
Technology		2.54%
Capital Goods		2.54%
Consumer Cyclical - Automotive		2.54%
Consumer Cyclical - Entertainment		2.44%
Consumer Cyclical - Retailers		2.15%
Consumer Cyclical - Restaurants		0.64%
Transportation - Services		0.51%
Transportation - Airlines		0.44%
Other Industrial		0.19%
SUBTOTAL		43.50%
Credit Default Swaps		22.10%
SUBTOTAL		22.10%
Financial Institutions
Banking		2.48%
Finance		1.63%
REITS		1.13%
Insurance		0.83%
Other Finance		0.44%
Brokerage		0.30%
SUBTOTAL		6.81%
Utility
Electric		1.17%
Other Utility		0.14%
SUBTOTAL		1.31%
SUBTOTAL		73.72%
Corporates - Investment Grade
Financial Institutions
Banking		4.20%
Insurance		1.45%
Finance		0.50%
Brokerage		0.12%
REITS		0.12%
Other Finance		0.02%
SUBTOTAL		6.41%
Industrial
Basic		0.72%
Consumer Cyclical - Other		0.63%
Transportation - Airlines		0.50%
Energy		0.49%
Consumer Non-Cyclical		0.37%
Technology		0.31%
Capital Goods		0.21%
Other Industrial		0.19%
Consumer Cyclical - Automotive		0.11%
Communications - Media		0.05%
Consumer Cyclical - Retailers		0.04%
Services		0.02%
SUBTOTAL		3.64%
SUBTOTAL		10.05%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		7.67%
Credit Default Swaps		0.23%
SUBTOTAL		7.90%
Collateralized Mortgage Obligations
Risk Share Floating Rate		6.50%
Non-Agency Fixed Rate		0.52%
Non-Agency Floating Rate		0.43%
Agency Fixed Rate		0.39%
SUBTOTAL		7.84%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.05%
Non-Agency Fixed Rate CMBS		0.97%
Non-Agency Floating Rate CMBS		0.02%
SUBTOTAL		5.04%
Bank Loans
Industrial
Consumer Non-Cyclical		0.95%
Communications - Telecommunications		0.66%
Technology		0.63%
Capital Goods		0.54%
Other Industrial		0.31%
Energy		0.27%
Consumer Cyclical - Retailers		0.24%
Services		0.23%
Communications - Media		0.22%
Consumer Cyclical - Other		0.21%
Consumer Cyclical - Restaurants		0.11%
Consumer Cyclical - Entertainment		0.08%
Consumer Cyclical - Automotive		0.07%
SUBTOTAL		4.52%
Financial Institutions
Insurance		0.22%
SUBTOTAL		0.22%
Utility
Electric		0.17%
SUBTOTAL		0.17%
SUBTOTAL		4.91%
Interest Rate Futures		4.39%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.42%
Energy		0.76%
Consumer Cyclical - Other		0.61%
Communications - Telecommunications		0.40%
Capital Goods		0.35%
Consumer Non-Cyclical		0.16%
Communications - Media		0.07%
Services		0.03%
SUBTOTAL		3.80%
Utility
Electric		0.40%
SUBTOTAL		0.40%
Financial Institutions
Banking		0.06%
Insurance		0.04%
Other Finance		0.02%
Finance		0.02%
SUBTOTAL		0.14%
SUBTOTAL		4.34%
Global Governments		3.98%
Common Stocks		1.75%
Collateralized Loan Obligations
CLO - Floating Rate		1.72%
SUBTOTAL		1.72%
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.35%
SUBTOTAL		1.35%
Total Return Swaps		0.94%
Asset-Backed Securities
Other ABS - Fixed Rate		0.29%
Autos - Fixed Rate		0.27%
Home Equity Loans - Fixed Rate		0.22%
Home Equity Loans - Floating Rate		0.01%
SUBTOTAL		0.79%
Preferred Stocks
Industrial		0.34%
Financial Institutions		0.10%
SUBTOTAL		0.44%
Local Governments - US Municipal Bonds		0.34%
Inflation-Linked Securities		0.23%
Currency Instruments
Forward Currency Exchange Contracts		0.14%
SUBTOTAL		0.14%
Warrants		0.07%
Reverse Repurchase Agreements		-0.06%
Net Cash Equivalents
Investment Companies		2.59%
Cash		0.11%
Foreign Currency		-0.02%
SUBTOTAL		2.68%
Derivative Offsets
Futures Offsets		-4.29%
Swaps Offsets		-28.27%
SUBTOTAL		-32.56%
Total		100.00%
Country Breakdown		Portfolio %
United States		71.68%
United Kingdom		2.65%
Canada		2.27%
Mexico		1.57%
France		1.41%
Luxembourg		1.23%
Brazil		1.18%
Cayman Islands		0.98%
Egypt		0.96%
Switzerland		0.85%
Spain		0.85%
Nigeria		0.80%
Argentina		0.75%
Ukraine		0.74%
Italy		0.74%
Bahrain		0.67%
Dominican Republic		0.67%
Oman		0.57%
Ivory Coast		0.56%
Zambia		0.52%
Colombia		0.52%
Finland		0.46%
Netherlands		0.45%
Sweden		0.44%
Ghana		0.41%
Angola		0.39%
Germany		0.38%
Peru		0.37%
Macau		0.36%
Senegal		0.35%
Gabon		0.34%
Jersey (Channel Islands)		0.29%
Australia		0.29%
El Salvador		0.28%
Denmark		0.25%
Indonesia		0.25%
Jamaica		0.24%
Hong Kong		0.24%
Israel		0.22%
Bermuda		0.21%
India		0.20%
Kenya		0.19%
China		0.18%
Turkey		0.17%
Ecuador		0.17%
South Africa		0.15%
Chile		0.13%
Japan		0.11%
Venezuela		0.07%
Ireland		0.07%
Panama		0.06%
Kuwait		0.04%
Morocco		0.04%
Belgium		0.02%
Norway		0.01%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		100.41%
Canadian Dollar		0.06%
Great British Pound		0.06%
Norwegian Krone		0.02%
Argentine Peso		0.01%
Indian Rupee		0.01%
South Korean Won		0.01%
Malaysian Ringgit		0.01%
Russian Rubles		0.01%
Brazilian Real		-0.01%
Japanese Yen		-0.01%
Mexican Peso		-0.01%
Colombian Peso		-0.09%
Euro		-0.48%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		3.33%
AA		0.64%
A		0.80%
BBB		14.62%
BB		33.26%
B		26.36%
CCC		9.55%
CC		0.21%
C		0.16%
D		0.20%
Not Rated		4.93%
Short Term Investments		2.59%
Reverse Repurchase Agreements		-0.06%
N/A		3.41%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		9.31%
1 to 5 years		55.68%
5 to 10 years		23.31%
10 to 20 years		5.89%
20 to 30 years		3.57%
More Than 30 years		0.43%
Other		1.81%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.03%
Average Bond Price:		104.28
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		28.15%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		28.15%
Average Maturity:		5.56  Years
Effective Duration:		4.29  Years
Total Net Assets:		$1,128.26 Million
Net Asset Value:		$13.08
Number of Holdings:		1723
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.