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AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Sept. 23, 2019 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of August 31, 2019.




AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

1) U.S. Treasury Notes  2.25%, 2/15/27 


2.46%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 

2.26%

3) Indonesia Treasury Bond Series FR77 8.125%, 5/15/24 

1.90%

4) U.S. Treasury Notes  2.875%, 8/15/28 


1.74%

5) U.S. Treasury Bonds  6.25%, 5/15/30 


0.75%

6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 

0.66%

7) U.S. Treasury Bonds  5.25%, 2/15/29 


0.63%

8) Dominican Republic International Bond  8.625%, 4/20/27 

0.61%

9) Republic of South Africa Government Bond Series 2030 8.00%, 1/31/30 

0.60%

10) Ukraine Government International Bond  7.75%, 9/01/21 - 9/01/24 

0.58%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


3.35%

Communications - Media


3.22%

Consumer Non-Cyclical


2.81%

Communications - Telecommunications


2.75%

Basic


2.62%

Consumer Cyclical - Other


1.87%

Consumer Cyclical - Automotive


1.71%

Capital Goods


1.62%

Services


1.25%

Technology


1.09%

Consumer Cyclical - Retailers


0.80%

Transportation - Services


0.73%

Consumer Cyclical - Entertainment


0.24%

Other Industrial


0.19%

Consumer Cyclical - Restaurants


0.18%

SUBTOTAL


24.43%

Credit Default Swaps


19.06%

SUBTOTAL


19.06%

Financial Institutions



Banking


2.96%

Finance


1.31%

Other Finance


0.70%

Insurance


0.65%

REITS


0.50%

Brokerage


0.15%

SUBTOTAL


6.27%

Utility



Electric


0.83%

SUBTOTAL


0.83%

SUBTOTAL


50.59%

Global Governments


11.60%

Collateralized Mortgage Obligations



Risk Share Floating Rate


7.54%

Non-Agency Fixed Rate


0.77%

Non-Agency Floating Rate


0.70%

Agency Fixed Rate


0.58%

SUBTOTAL


9.59%

Emerging Markets - Sovereigns



Credit Default Swaps


0.93%

Corporates - Investment Grade



Financial Institutions



Banking


3.07%

Insurance


1.95%

REITS


0.41%

SUBTOTAL


5.43%

Industrial



Technology


0.68%

Consumer Cyclical - Other


0.66%

Basic


0.48%

Energy


0.48%

Communications - Telecommunications


0.37%

Consumer Non-Cyclical


0.32%

Communications - Media


0.26%

Consumer Cyclical - Automotive


0.19%

Capital Goods


0.19%

Other Industrial


0.15%

Consumer Cyclical - Entertainment


0.13%

Services


0.07%

Transportation - Airlines


0.01%

SUBTOTAL


3.99%

SUBTOTAL


9.42%

Commercial Mortgage-Backed Securities



Credit Default Swaps


6.16%

Non-Agency Fixed Rate CMBS


1.80%

Non-Agency Floating Rate CMBS


0.19%

SUBTOTAL


8.15%

Interest Rate Futures


6.32%

Total Return Swaps


4.80%

Bank Loans



Industrial



Consumer Non-Cyclical


1.24%

Capital Goods


0.51%

Technology


0.49%

Services


0.46%

Energy


0.41%

Consumer Cyclical - Retailers


0.24%

Consumer Cyclical - Other


0.22%

Consumer Cyclical - Restaurants


0.11%

Communications - Media


0.10%

Communications - Telecommunications


0.10%

Consumer Cyclical - Entertainment


0.09%

Other Industrial


0.09%

Consumer Cyclical - Automotive


0.03%

SUBTOTAL


4.09%

Financial Institutions



Insurance


0.12%

Finance


0.10%

SUBTOTAL


0.22%

SUBTOTAL


4.31%

Emerging Markets - Corporate Bonds



Industrial



Consumer Non-Cyclical


0.85%

Basic


0.78%

Energy


0.55%

Consumer Cyclical - Other


0.36%

Communications - Telecommunications


0.29%

Other Industrial


0.09%

Capital Goods


0.08%

Consumer Cyclical - Retailers


0.05%

Transportation - Services


0.04%

Transportation - Airlines


0.02%

SUBTOTAL


3.11%

Financial Institutions



Banking


0.25%

REITS


0.21%

Finance


0.05%

Insurance


0.01%

SUBTOTAL


0.52%

Utility



Electric


0.23%

SUBTOTAL


0.23%

SUBTOTAL


3.86%

Emerging Markets - Treasuries


2.88%

Common Stocks


1.66%

Asset-Backed Securities



Other ABS - Fixed Rate


0.70%

Home Equity Loans - Fixed Rate


0.33%

Autos - Fixed Rate


0.19%

Home Equity Loans - Floating Rate


0.01%

SUBTOTAL


1.23%

Investment Companies



Funds and Investment Trusts


0.50%

SUBTOTAL


0.50%

Local Governments - US Municipal Bonds


0.49%

Quasi-Sovereigns



Quasi-Sovereign Bonds


0.35%

SUBTOTAL


0.35%

Preferred Stocks



Financial Institutions


0.29%

Utility


0.02%

SUBTOTAL


0.31%

Inflation-Linked Securities


0.25%

Currency Instruments



Forward Currency Exchange Contracts


0.24%

SUBTOTAL


0.24%

Collateralized Loan Obligations



CLO - Floating Rate


0.08%

SUBTOTAL


0.08%

Local Governments - Regional Bonds


0.05%

Warrants


0.02%

Whole Loan Trusts



Performing Asset


0.02%

SUBTOTAL


0.02%

Put Options Written


-0.02%

Reverse Repurchase Agreements


-0.67%

Net Cash Equivalents



Investment Companies


7.56%

U.S. Treasury Bills


2.64%

Cash


1.02%

Governments - Treasuries


0.59%

SUBTOTAL


11.81%

Derivative Offsets



Futures Offsets


-6.28%

Swaps Offsets


-31.09%

SUBTOTAL


-37.37%

Total


100.00%




Country Breakdown


Portfolio %

United States


66.01%

Brazil


3.93%

Indonesia


3.02%

United Kingdom


1.95%

France


1.45%

Luxembourg


1.40%

Canada


1.39%

Netherlands


1.32%

Egypt


1.09%

Italy


0.96%

Colombia


0.92%

Dominican Republic


0.90%

Turkey


0.89%

Switzerland


0.86%

Spain


0.78%

South Africa


0.72%

Russia


0.72%

Nigeria


0.70%

Ireland


0.63%

Ukraine


0.58%

Argentina


0.57%

Mexico


0.51%

Kenya


0.47%

Ecuador


0.47%

Oman


0.44%

Ivory Coast


0.44%

India


0.42%

Sri Lanka


0.41%

Bahrain


0.37%

Zambia


0.37%

Finland


0.34%

Angola


0.31%

United Arab Emirates


0.31%

Germany


0.31%

Mongolia


0.29%

Honduras


0.27%

Gabon


0.27%

Sweden


0.26%

China


0.26%

Bermuda


0.25%

Senegal


0.24%

Lebanon


0.23%

Norway


0.18%

Denmark


0.17%

Hong Kong


0.16%

Macau


0.16%

El Salvador


0.16%

Jamaica


0.15%

Cayman Islands


0.14%

Cameroon


0.12%

Venezuela


0.11%

Virgin Islands (BVI)


0.09%

Peru


0.09%

Trinidad & Tobago


0.09%

Ghana


0.09%

Kazakhstan


0.07%

Iraq


0.06%

Jordan


0.06%

Jersey (Channel Islands)


0.02%

Chile


0.02%

Pakistan


0.02%

Australia


0.01%

Total Investments


100.00%




Net Currency Exposure Breakdown


Portfolio %

United States Dollar


97.93%

Japanese Yen


0.85%

Egypt Pound


0.51%

Russian Rubles


0.46%

Brazilian Real


0.43%

Indian Rupee


0.29%

Nigerian Naira


0.08%

Argentine Peso


0.05%

Colombian Peso


0.03%

Mexican Peso


0.02%

Swiss Franc


0.01%

Malaysian Ringgit


0.01%

Norwegian Krone


-0.02%

Indonesian Rupiah


-0.03%

Chilean Peso


-0.20%

Euro


-0.42%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


6.75%

AA


1.35%

A


1.93%

BBB


17.29%

BB


25.43%

B


21.59%

CCC


5.16%

CC


0.27%

C


0.14%

D


0.02%

Not Rated


5.48%

Short Term Investments


10.79%

Reverse Repurchase Agreements


-0.67%

N/A


4.47%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


18.66%

1 to 5 years


44.14%

5 to 10 years


27.24%

10 to 20 years


5.70%

20 to 30 years


2.37%

More Than 30 years


0.22%

Other


1.67%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


7.16%

Average Bond Price:


103.26

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


35.44%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


35.44%

Average Maturity:


5.01  Years

Effective Duration:


3.78  Years

Total Net Assets:


$1,133.56 Million

Net Asset Value:


$13.15

Number of Holdings:


1266

Portfolio Turnover:


40%





* 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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