NEW YORK, Dec. 28, 2021 - AB Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of November 30, 2021.

AB Global High Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

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


1.62%

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


1.14%

3) CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 8/15/30 - 6/01/33

0.70%

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

0.62%

5) Altice France SA/France 5.125%, 7/15/29


0.55%

6) Sirius XM Radio, Inc. 4.00%, 7/15/28


0.51%

7) Altice Financing SA 5.75%, 8/15/29


0.50%

8) Royal Caribbean Cruises Ltd. 5.50%, 8/31/26 - 4/01/28

0.48%

9) Vistra Operations Co. LLC 4.375%, 5/01/29

0.46%

10) Nigeria Government International Bond 7.625%, 11/21/25 - 11/28/47

0.44%




Investment Type


Portfolio %

Corporates - Non-Investment Grade



Industrial



Energy


7.18%

Consumer Non-Cyclical


6.67%

Communications - Media


5.61%

Services


3.34%

Basic


3.33%

Communications - Telecommunications


3.16%

Consumer Cyclical - Other


2.98%

Consumer Cyclical - Automotive


2.83%

Capital Goods


2.48%

Technology


2.47%

Consumer Cyclical - Retailers


2.42%

Consumer Cyclical - Entertainment


2.36%

Transportation - Services


0.78%

Consumer Cyclical - Restaurants


0.60%

Transportation - Airlines


0.32%

Other Industrial


0.19%

SUBTOTAL


46.72%

Credit Default Swaps


20.32%

SUBTOTAL


20.32%

Financial Institutions



Banking


2.31%

Finance


1.76%

Insurance


1.44%

REITs


1.26%

Brokerage


0.48%

Other Finance


0.42%

SUBTOTAL


7.67%

Utility



Electric


1.32%

SUBTOTAL


1.32%

SUBTOTAL


76.03%

Corporates - Investment Grade



Financial Institutions



Banking


3.43%

Insurance


0.94%

Finance


0.67%

REITs


0.24%

Brokerage


0.11%

Other Finance


0.02%

SUBTOTAL


5.41%

Industrial



Basic


0.92%

Energy


0.54%

Transportation - Airlines


0.44%

Consumer Cyclical - Other


0.44%

Technology


0.27%

Consumer Non-Cyclical


0.23%

Communications - Telecommunications


0.22%

Capital Goods


0.21%

Other Industrial


0.15%

Consumer Cyclical - Automotive


0.11%

Communications - Media


0.10%

Services


0.04%

Consumer Cyclical - Retailers


0.03%

SUBTOTAL


3.70%

Utility



Electric


0.01%

SUBTOTAL


0.01%

SUBTOTAL


9.12%

Collateralized Mortgage Obligations



Risk Share Floating Rate


5.59%

Non-Agency Fixed Rate


0.49%

Non-Agency Floating Rate


0.40%

Agency Fixed Rate


0.36%

SUBTOTAL


6.84%

Emerging Markets - Sovereigns



Emerging Markets - Sovereigns


6.38%

Credit Default Swaps


0.23%

SUBTOTAL


6.61%

Emerging Markets - Corporate Bonds



Industrial



Basic


1.51%

Energy


0.78%

Consumer Cyclical - Other


0.58%

Capital Goods


0.41%

Consumer Non-Cyclical


0.40%

Communications - Telecommunications


0.34%

Technology


0.14%

Services


0.06%

Communications - Media


0.04%

SUBTOTAL


4.26%

Financial Institutions



REITs


0.51%

Banking


0.05%

Insurance


0.04%

Finance


0.02%

Other Finance


0.01%

SUBTOTAL


0.63%

Utility



Electric


0.38%

SUBTOTAL


0.38%

SUBTOTAL


5.27%

Commercial Mortgage-Backed Securities



Credit Default Swaps


4.19%

Non-Agency Fixed Rate CMBS


1.06%

Non-Agency Floating Rate CMBS


0.02%

SUBTOTAL


5.27%

Interest Rate Futures


5.05%

Bank Loans



Industrial



Technology


0.86%

Consumer Non-Cyclical


0.77%

Communications - Telecommunications


0.71%

Capital Goods


0.57%

Energy


0.40%

Other Industrial


0.29%

Consumer Cyclical - Retailers


0.25%

Communications - Media


0.22%

Consumer Cyclical - Other


0.20%

Services


0.16%

Consumer Cyclical - Restaurants


0.08%

Consumer Cyclical - Automotive


0.04%

SUBTOTAL


4.55%

Financial Institutions



Insurance


0.22%

Finance


0.02%

SUBTOTAL


0.24%

Utility



Electric


0.23%

SUBTOTAL


0.23%

SUBTOTAL


5.02%

Global Governments


3.59%

Collateralized Loan Obligations



CLO - Floating Rate


2.79%

SUBTOTAL


2.79%

Common Stocks


1.81%

Quasi-Sovereigns



Quasi-Sovereign Bonds


1.10%

SUBTOTAL


1.10%

Total Return Swaps


0.89%

Local Governments - US Municipal Bonds


0.48%

Preferred Stocks



Industrial


0.37%

Financial Institutions


0.10%

SUBTOTAL


0.47%

Asset-Backed Securities



Other ABS - Fixed Rate


0.23%

Autos - Fixed Rate


0.07%

Home Equity Loans - Fixed Rate


0.05%

SUBTOTAL


0.35%

Inflation-Linked Securities


0.22%

Currency Instruments



Forward Currency Exchange Contracts


0.10%

SUBTOTAL


0.10%

Warrants


0.07%

Reverse Repurchase Agreements


-0.41%

Net Cash Equivalents



Investment Companies


1.67%

Cash


0.11%

Foreign Currency


-0.02%

SUBTOTAL


1.76%

Derivative Offsets



Futures Offsets


-4.91%

Swaps Offsets


-27.52%

SUBTOTAL


-32.43%

Total


100.00%




Country Breakdown


Portfolio %

United States


72.19%

United Kingdom


3.26%

Canada


2.12%

France


1.63%

Luxembourg


1.53%

Brazil


1.30%

Spain


1.17%

Mexico


1.13%

Nigeria


0.81%

China


0.74%

Germany


0.72%

Ukraine


0.67%

Egypt


0.67%

Argentina


0.67%

Bahrain


0.66%

Switzerland


0.65%

Dominican Republic


0.62%

Colombia


0.55%

Italy


0.54%

Zambia


0.53%

Ivory Coast


0.52%

Finland


0.49%

Israel


0.47%

Sweden


0.42%

Netherlands


0.41%

Ghana


0.37%

Angola


0.36%

Oman


0.35%

Senegal


0.34%

India


0.34%

Macau


0.33%

Jersey (Channel Islands)


0.31%

Peru


0.31%

Australia


0.29%

Gabon


0.25%

South Africa


0.24%

Jamaica


0.22%

Indonesia


0.22%

Hong Kong


0.22%

El Salvador


0.20%

Ireland


0.20%

Ecuador


0.17%

Denmark


0.13%

Turkey


0.12%

Japan


0.10%

Chile


0.10%

Bermuda


0.08%

Venezuela


0.07%

Panama


0.07%

Kuwait


0.04%

Morocco


0.03%

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


100.45%

Canadian Dollar


0.12%

Great British Pound


0.02%

Norwegian Krone


0.02%

Argentine Peso


0.01%

Singapore Dollar


0.01%

South African Rand


0.01%

Swiss Franc


-0.01%

South Korean Won


-0.01%

Mexican Peso


-0.01%

Russian Rubles


-0.02%

Colombian Peso


-0.10%

Euro


-0.49%

Total Net Assets


100.00%




Credit Rating


Portfolio %

AAA


3.32%

AA


0.29%

A


0.72%

BBB


14.45%

BB


36.15%

B


26.39%

CCC


8.70%

CC


0.18%

C


0.14%

D


0.22%

Not Rated


4.95%

Short Term Investments


1.67%

Reverse Repurchase Agreements


-0.41%

N/A


3.23%

Total


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


8.02%

1 to 5 years


44.49%

5 to 10 years


36.12%

10 to 20 years


6.10%

20 to 30 years


3.17%

More Than 30 years


0.22%

Other


1.88%

Total Net Assets


100.00%




Portfolio Statistics:



Average Coupon:


6.95%

Average Bond Price:


100.96

Percentage of Leverage(based on gross assets):


Bank Borrowing:


0.00%

Investment Operations:


27.77%

Preferred stock:


0.00%

Tender Option Bonds:


0.00%

VMTP Shares:


0.00%

Total Fund Leverage:


27.77%

Average Maturity:


5.91 Years

Effective Duration:


4.46 Years

Total Net Assets:


$1,093.87 Million

Net Asset Value:


$12.69

Number of Holdings:


1643

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.

SOURCE AB Global High Income Fund, Inc.


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