AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, March 27, 2017 /PRNewswire/ -- AB Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2017.

AB Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27		3.84%
2) U.S. Treasury Notes  0.875%, 4/15/19		3.57%
3) U.S. Treasury Bonds  8.125%, 5/15/21		2.75%
4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26		1.19%
5) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27		1.07%
6) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.958%, 1/25/37		0.74%
7) Argentine Bonos del Tesoro  18.20%, 10/03/21		0.68%
8) U.S. Treasury Bonds  5.25%, 2/15/29		0.62%
9) Dominican Republic International Bond  8.625%, 4/20/27		0.56%
10) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27		0.52%
Investment Type		Portfolio %
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical		5.93%
Communications - Media		4.63%
Energy		4.38%
Communications - Telecommunications		3.25%
Basic		3.01%
Consumer Cyclical - Other		2.50%
Capital Goods		2.36%
Technology		1.99%
Consumer Cyclical - Automotive		1.63%
Consumer Cyclical - Retailers		1.37%
Services		1.01%
Transportation - Services		0.78%
Other Industrial		0.54%
Consumer Cyclical - Entertainment		0.34%
Consumer Cyclical - Restaurants		0.20%
Transportation - Airlines		0.10%
SUBTOTAL		34.02%
Financial Institutions
Banking		3.01%
Finance		0.87%
Other Finance		0.52%
Insurance		0.35%
REITS		0.04%
Brokerage		0.01%
SUBTOTAL		4.80%
Utility
Electric		1.24%
SUBTOTAL		1.24%
Credit Default Swaps		-0.03%
SUBTOTAL		-0.03%
SUBTOTAL		40.03%
Global Governments		13.90%
Collateralized Mortgage Obligations
Risk Share Floating Rate		9.00%
Non-Agency Fixed Rate		2.43%
Non-Agency Floating Rate		1.16%
SUBTOTAL		12.59%
Interest Rate Futures		8.87%
Corporates - Investment Grade
Industrial
Basic		1.01%
Technology		0.66%
Energy		0.64%
Communications - Telecommunications		0.48%
Capital Goods		0.41%
Communications - Media		0.31%
Consumer Cyclical - Automotive		0.15%
Transportation - Airlines		0.08%
Consumer Non-Cyclical		0.04%
Other Industrial		0.03%
Consumer Cyclical - Other		0.01%
SUBTOTAL		3.82%
Financial Institutions
Banking		1.27%
Insurance		1.21%
REITS		0.47%
Brokerage		0.16%
Finance		0.05%
SUBTOTAL		3.16%
Credit Default Swaps		0.91%
SUBTOTAL		0.91%
Utility
Electric		0.29%
Natural Gas		0.11%
SUBTOTAL		0.40%
SUBTOTAL		8.29%
Commercial Mortgage-Backed Securities
Credit Default Swaps		3.90%
Non-Agency Fixed Rate CMBS		3.13%
Non-Agency Floating Rate CMBS		0.03%
SUBTOTAL		7.06%
Interest Rate Swaps		6.30%
Emerging Markets - Treasuries		6.10%
Emerging Markets - Sovereigns		5.69%
Total Return Swaps		5.52%
Bank Loans
Industrial
Technology		0.73%
Consumer Non-Cyclical		0.54%
Other Industrial		0.43%
Consumer Cyclical - Other		0.39%
Capital Goods		0.32%
Consumer Cyclical - Retailers		0.29%
Energy		0.25%
Consumer Cyclical - Entertainment		0.19%
Basic		0.11%
Consumer Cyclical - Automotive		0.07%
SUBTOTAL		3.32%
Utility
Electric		0.17%
SUBTOTAL		0.17%
Financial Institutions
Insurance		0.04%
SUBTOTAL		0.04%
SUBTOTAL		3.53%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical		0.47%
Communications - Telecommunications		0.43%
Basic		0.38%
Transportation - Airlines		0.26%
Capital Goods		0.24%
Transportation - Services		0.14%
Consumer Cyclical - Retailers		0.01%
SUBTOTAL		1.93%
Non Corporate Sectors
Treasuries		0.30%
SUBTOTAL		0.30%
Financial Institutions
Finance		0.11%
SUBTOTAL		0.11%
SUBTOTAL		2.34%
Preferred Stocks
Industrial		0.81%
Financial Institutions		0.67%
Utility		0.03%
SUBTOTAL		1.51%
Asset-Backed Securities
Home Equity Loans - Fixed Rate		0.51%
Home Equity Loans - Floating Rate		0.21%
Other ABS - Fixed Rate		0.16%
Other ABS - Floating Rate		0.16%
Autos - Fixed Rate		0.06%
SUBTOTAL		1.10%
Governments - Sovereign Agencies		0.99%
Inflation-Linked Securities		0.74%
Whole Loan Trusts
Performing Asset		0.71%
SUBTOTAL		0.71%
Common Stocks		0.62%
Quasi-Sovereigns
Quasi-Sovereign Bonds		0.46%
SUBTOTAL		0.46%
Local Governments - Municipal Bonds		0.45%
Local Governments - Regional Bonds		0.39%
Equity Futures
Equity Index Futures		0.26%
SUBTOTAL		0.26%
Investment Companies
Funds and Investment Trusts		0.16%
SUBTOTAL		0.16%
Options Purchased - Calls
Options on Forward Contracts		0.09%
SUBTOTAL		0.09%
Warrants		0.06%
Options Purchased - Puts
Options on Equities		0.03%
SUBTOTAL		0.03%
Call Options Written		-0.04%
Put Options Written		-0.04%
Currency Instruments
Forward Currency Exchange Contracts		-0.10%
SUBTOTAL		-0.10%
Reverse Repurchase Agreements		-7.68%
Net Cash Equivalents
Investment Companies		4.13%
Cash		1.34%
Emerging Markets - Treasuries		0.28%
Foreign Currency		0.01%
SUBTOTAL		5.76%
Derivative Offsets
Futures Offsets		-9.11%
Swaps Offsets		-16.58%
SUBTOTAL		-25.69%
Total		100.00%
Country Breakdown		Portfolio %
United States		65.98%
Brazil		5.94%
Argentina		2.96%
United Kingdom		2.79%
Canada		2.08%
Luxembourg		1.53%
Indonesia		1.34%
South Africa		1.32%
Mexico		1.28%
France		1.24%
Dominican Republic		1.21%
Ireland		0.97%
Colombia		0.87%
Turkey		0.83%
Switzerland		0.80%
Russia		0.75%
Italy		0.71%
Spain		0.65%
Ivory Coast		0.58%
Egypt		0.51%
Venezuela		0.47%
Netherlands		0.38%
Jamaica		0.36%
Croatia		0.34%
Germany		0.32%
United Arab Emirates		0.30%
India		0.29%
Gabon		0.23%
Angola		0.20%
Barbados		0.20%
Mongolia		0.18%
Trinidad & Tobago		0.17%
Macau		0.16%
Guatemala		0.16%
Australia		0.16%
Zambia		0.15%
Norway		0.15%
Pakistan		0.13%
Bahamas		0.12%
Cayman Islands		0.11%
Cameroon		0.11%
Ecuador		0.10%
Honduras		0.09%
Sri Lanka		0.09%
Nigeria		0.09%
Peru		0.08%
Bahrain		0.07%
New Zealand		0.06%
El Salvador		0.06%
Kenya		0.06%
Jordan		0.05%
Lebanon		0.05%
Chile		0.04%
Finland		0.04%
Ethiopia		0.04%
Iraq		0.02%
Serbia		0.02%
Portugal		0.01%
Total Investments		100.00%
Net Currency Exposure Breakdown		Portfolio %
United States Dollar		95.63%
Indian Rupee		2.01%
Argentine Peso		1.78%
Colombian Peso		1.72%
Indonesian Rupiah		1.44%
South African Rand		1.34%
Russian Rubles		1.24%
Brazilian Real		1.20%
New Turkish Lira		0.56%
Chilean Peso		0.49%
Dominican Peso		0.47%
Egypt Pound		0.28%
Peruvian Sol		0.25%
Canadian Dollar		0.17%
Hong Kong Dollar		0.02%
Norwegian Krone		0.02%
Japanese Yen		-0.01%
Swedish Krona		-0.05%
Mexican Peso		-0.28%
Great British Pound		-0.49%
Taiwan New Dollar		-0.50%
Chinese Yuan Renminbi		-0.85%
Swiss Franc		-0.91%
Chinese Yuan Renminbi (Offshore)		-0.98%
Australian Dollar		-0.99%
New Zealand Dollar		-1.00%
Euro		-2.56%
Total Net Assets		100.00%
Credit Rating		Portfolio %
AAA		9.73%
AA		0.70%
A		2.52%
BBB		15.10%
BB		29.32%
B		25.06%
CCC		7.47%
CC		1.22%
C		0.04%
D		1.84%
Not Rated		7.04%
Short Term Investments		4.40%
Reverse Repurchase Agreements		-7.68%
N/A		3.24%
Total		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		7.07%
1 to 5 years		38.22%
5 to 10 years		38.90%
10 to 20 years		8.02%
20 to 30 years		5.52%
More Than 30 years		1.60%
Other		0.67%
Total Net Assets		100.00%
Portfolio Statistics:
Average Coupon:		7.86%
Average Bond Price:		101.88
Percentage of Leverage(based on gross assets):
Bank Borrowing:		0.00%
Investment Operations:		47.70%
Preferred stock:		0.00%
Tender Option Bonds:		0.00%
VMTP Shares:		0.00%
Total Fund Leverage:		47.70%
Average Maturity:		8.15  Years
Effective Duration:		5.68  Years
Total Net Assets:		$1,197.30 Million
Net Asset Value:		$13.88
Number of Holdings:		1275
Portfolio Turnover:		42%
* 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.

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