AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2021.

AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) U.S. Treasury Notes  2.25%, 2/15/27		1.59%
2) U.S. Treasury Notes  2.875%, 8/15/28		1.12%
3) CCO Holdings LLC/CCO Holdings Capital Corp.  4.50%, 8/15/30 - 6/01/33		0.69%
4) Dominican Republic International Bond  8.625%, 4/20/27		0.61%
5) Altice France SA/France  5.125%, 7/15/29		0.55%
6) Sirius XM Radio, Inc.  4.00%, 7/15/28		0.52%
7) Altice Financing SA  5.75%, 8/15/29		0.51%
8) Royal Caribbean Cruises Ltd.  5.50%, 8/31/26 - 4/01/28		0.49%
9) Argentine Republic Government International Bond  1.125%, 7/09/35		0.47%
10) Vistra Operations Co. LLC  4.375%, 5/01/29		0.46%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Energy		7.12%
Consumer Non-Cyclical		6.46%
Communications - Media		5.60%
Services		3.40%
Basic		3.10%
Consumer Cyclical - Other		2.85%
Consumer Cyclical - Automotive		2.78%
Communications - Telecommunications		2.76%
Capital Goods		2.43%
Consumer Cyclical - Entertainment		2.38%
Technology		2.38%
Consumer Cyclical - Retailers		2.24%
Transportation - Services		0.60%
Consumer Cyclical - Restaurants		0.58%
Transportation - Airlines		0.32%
Other Industrial		0.17%
SUBTOTAL		45.17%
Credit Default Swaps		20.33%
SUBTOTAL		20.33%
Financial Institutions
Banking		2.24%
Finance		1.69%
REITs		1.27%
Insurance		0.74%
Brokerage		0.48%
Other Finance		0.42%
SUBTOTAL		6.84%
Utility
Electric		1.29%
Other Utility		0.12%
SUBTOTAL		1.41%
SUBTOTAL		73.75%
Corporates - Investment Grade
Financial Institutions
Banking		3.44%
Insurance		1.50%
Finance		0.69%
REITs		0.26%
Brokerage		0.12%
Other Finance		0.02%
SUBTOTAL		6.03%
Industrial
Basic		1.20%
Communications - Telecommunications		0.70%
Consumer Cyclical - Other		0.54%
Energy		0.51%
Transportation - Airlines		0.43%
Consumer Non-Cyclical		0.28%
Technology		0.25%
Capital Goods		0.22%
Other Industrial		0.17%
Communications - Media		0.13%
Consumer Cyclical - Automotive		0.11%
Services		0.07%
Consumer Cyclical - Retailers		0.03%
SUBTOTAL		4.64%
Utility
Electric		0.01%
SUBTOTAL		0.01%
SUBTOTAL		10.68%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns		6.42%
Credit Default Swaps		0.23%
SUBTOTAL		6.65%
Collateralized Mortgage Obligations
Risk Share Floating Rate		5.41%
Non-Agency Fixed Rate		0.47%
Non-Agency Floating Rate		0.39%
Agency Fixed Rate		0.34%
SUBTOTAL		6.61%
Bank Loans
Industrial
Technology		1.00%
Consumer Non-Cyclical		0.76%
Communications - Telecommunications		0.70%
Capital Goods		0.56%
Energy		0.40%
Other Industrial		0.28%
Consumer Cyclical - Retailers		0.24%
Communications - Media		0.22%
Consumer Cyclical - Other		0.20%
Services		0.16%
Consumer Cyclical - Restaurants		0.08%
Consumer Cyclical - Automotive		0.04%
SUBTOTAL		4.64%
Financial Institutions
Insurance		0.25%
Finance		0.02%
SUBTOTAL		0.27%
Utility
Electric		0.23%
SUBTOTAL		0.23%
SUBTOTAL		5.14%
Commercial Mortgage-Backed Securities
Credit Default Swaps		4.08%
Non-Agency Fixed Rate CMBS		1.04%
Non-Agency Floating Rate CMBS		0.02%
SUBTOTAL		5.14%
Emerging Markets - Corporate Bonds
Industrial
Basic		1.36%
Energy		0.78%
Consumer Cyclical - Other		0.55%
Capital Goods		0.41%
Consumer Non-Cyclical		0.40%
Communications - Telecommunications		0.33%
Technology		0.14%
Services		0.07%
Communications - Media		0.04%
SUBTOTAL		4.08%
Financial Institutions
REITs		0.49%
Banking		0.05%
Insurance		0.04%
Finance		0.02%
Other Finance		0.01%
SUBTOTAL		0.61%
Utility
Electric		0.38%
SUBTOTAL		0.38%
SUBTOTAL		5.07%
Interest Rate Futures		4.47%
Global Governments		3.53%
Collateralized Loan Obligations
CLO - Floating Rate		3.18%
SUBTOTAL		3.18%
Common Stocks		1.78%
Quasi-Sovereigns
Quasi-Sovereign Bonds		1.07%
SUBTOTAL		1.07%
Total Return Swaps		0.92%
Local Governments - US Municipal Bonds		0.47%
Preferred Stocks
Industrial		0.36%
Financial Institutions		0.10%
SUBTOTAL		0.46%
Asset-Backed Securities
Other ABS - Fixed Rate		0.15%
Autos - Fixed Rate		0.07%
SUBTOTAL		0.22%
Inflation-Linked Securities		0.21%
Currency Instruments
Forward Currency Exchange Contracts		0.09%
SUBTOTAL		0.09%
Warrants		0.08%
Reverse Repurchase Agreements		-0.49%
Net Cash Equivalents
Cash		1.38%
Investment Companies		1.07%
Foreign Currency		-0.03%
SUBTOTAL		2.42%
Derivative Offsets
Futures Offsets		-4.38%
Swaps Offsets		-27.07%
SUBTOTAL		-31.45%
Total		100.00%
Country Breakdown		Portfolio %
United States		71.97%
United Kingdom		3.10%
Canada		2.18%
France		1.65%
Luxembourg		1.58%
Brazil		1.34%
Spain		1.21%
Mexico		1.12%
Nigeria		0.83%
Argentina		0.77%
Germany		0.75%
China		0.73%
Egypt		0.69%
Bahrain		0.67%
Switzerland		0.65%
Ukraine		0.65%
Italy		0.64%
Dominican Republic		0.62%
Colombia		0.55%
Ivory Coast		0.54%
Finland		0.49%
Israel		0.47%
Sweden		0.43%
Netherlands		0.43%
Angola		0.39%
Zambia		0.38%
Ghana		0.38%
Oman		0.35%
Senegal		0.35%
India		0.34%
Macau		0.33%
Jersey (Channel Islands)		0.31%
Peru		0.31%
Australia		0.29%
Gabon		0.26%
South Africa		0.25%
Indonesia		0.22%
Jamaica		0.22%
Ireland		0.21%
Hong Kong		0.20%
El Salvador		0.18%
Ecuador		0.17%
Denmark		0.13%
Turkey		0.12%
Japan		0.11%
Chile		0.10%
Bermuda		0.08%
Panama		0.07%
Venezuela		0.04%
Kuwait		0.04%
Morocco		0.04%
Cayman Islands		0.02%
Belgium		0.02%
Czech Republic		0.02%
Norway		0.01%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		100.36%
Canadian Dollar		0.12%
Great British Pound		0.03%
Argentine Peso		0.01%
Norwegian Krone		0.01%
Polish Zloty		0.01%
Swiss Franc		-0.01%
Indian Rupee		-0.01%
Colombian Peso		-0.09%
Euro		-0.43%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		3.45%
AA		0.29%
A		1.59%
BBB		13.31%
BB		36.89%
B		26.16%
CCC		8.42%
CC		0.16%
C		0.10%
D		0.20%
Not Rated		4.55%
Short Term Investments		1.07%
Reverse Repurchase Agreements		-0.49%
N/A		4.30%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		11.22%
1 to 5 years		47.33%
5 to 10 years		30.68%
10 to 20 years		5.71%
20 to 30 years		2.84%
More Than 30 years		0.36%
Other		1.86%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		6.88%
Average Bond Price:		102.02
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		25.88%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		25.88%
Average Maturity:		5.46  Years
Effective Duration:		4.15  Years
Total Net Assets:		$1,107.46 Million
Net Asset Value:		$12.84
Number of Holdings:		1681
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.