AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 8.125%, 5/15/21

3.38%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25

2.33%

3) U.S. Treasury Notes 1.25%, 1/31/20

1.21%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.615%, 1/25/37

0.93%

5) U.S. Treasury Notes 2.25%, 11/15/25

0.85%

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

0.76%

7) Ivory Coast Government International Bond 5.75%, 12/31/32

0.64%

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

0.61%

9) Dominican Republic International Bond 16.00%, 7/10/20

0.58%

10) U.S. Treasury Bonds 5.00%, 5/15/37

0.49%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.29%

Communications - Media

5.75%

Energy

4.50%

Communications - Telecommunications

3.69%

Capital Goods

3.59%

Consumer Cyclical - Other

3.55%

Technology

2.66%

Consumer Cyclical - Retailers

2.61%

Basic

2.55%

Consumer Cyclical - Automotive

2.02%

Other Industrial

1.01%

Transportation - Services

0.72%

Consumer Cyclical - Entertainment

0.61%

Transportation - Airlines

0.46%

Consumer Cyclical - Restaurants

0.32%

Services

0.32%

SUBTOTAL

41.65%

Credit Default Swaps

12.79%

SUBTOTAL

12.79%

Financial Institutions

Banking

5.00%

Finance

1.36%

Insurance

0.55%

Other Finance

0.36%

Brokerage

0.01%

SUBTOTAL

7.28%

Utility

Electric

1.59%

SUBTOTAL

1.59%

SUBTOTAL

63.31%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

5.07%

Non-Agency Fixed Rate

3.34%

Non-Agency Floating Rate

1.83%

SUBTOTAL

10.24%

Global Governments

10.07%

Corporates - Investment Grade

Industrial

Basic

1.43%

Communications - Media

0.46%

Energy

0.44%

Capital Goods

0.39%

Technology

0.35%

Communications - Telecommunications

0.27%

Transportation - Airlines

0.20%

Consumer Non-Cyclical

0.12%

Consumer Cyclical - Automotive

0.05%

Other Industrial

0.03%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.76%

Financial Institutions

Insurance

1.53%

Banking

0.85%

REITS

0.52%

Brokerage

0.18%

SUBTOTAL

3.08%

Credit Default Swaps

0.78%

SUBTOTAL

0.78%

Utility

Electric

0.39%

Natural Gas

0.12%

SUBTOTAL

0.51%

SUBTOTAL

8.13%

Interest Rate Swaps

5.66%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

4.13%

Credit Default Swaps

0.84%

Non-Agency Floating Rate CMBS

0.21%

SUBTOTAL

5.18%

Bank Loans

Industrial

Consumer Cyclical - Retailers

0.80%

Consumer Non-Cyclical

0.77%

Consumer Cyclical - Entertainment

0.46%

Other Industrial

0.46%

Basic

0.41%

Consumer Cyclical - Other

0.37%

Technology

0.26%

Capital Goods

0.12%

Consumer Cyclical - Automotive

0.07%

Energy

0.04%

SUBTOTAL

3.76%

Utility

Electric

0.19%

SUBTOTAL

0.19%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.99%

Emerging Markets - Sovereigns

3.32%

Emerging Markets - Treasuries

3.32%

Emerging Markets - Corporate Bonds

Industrial

Capital Goods

0.51%

Consumer Non-Cyclical

0.50%

Basic

0.37%

Consumer Cyclical - Retailers

0.31%

Communications - Telecommunications

0.24%

Transportation - Airlines

0.23%

SUBTOTAL

2.16%

Financial Institutions

Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.25%

Preferred Stocks

Financial Institutions

1.84%

Utility

0.03%

SUBTOTAL

1.87%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.76%

Home Equity Loans - Floating Rate

0.19%

Other ABS - Fixed Rate

0.12%

Other ABS - Floating Rate

0.08%

Autos - Fixed Rate

0.07%

SUBTOTAL

1.22%

Governments - Sovereign Agencies

1.18%

Whole Loan Trusts

Performing Asset

0.97%

SUBTOTAL

0.97%

Local Governments - Municipal Bonds

0.93%

Common Stocks

0.89%

Interest Rate Futures

0.80%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.21%

SUBTOTAL

0.21%

Investment Companies

Funds and Investment Trusts

0.17%

SUBTOTAL

0.17%

Inflation-Linked Securities

0.08%

Warrants

0.06%

Agencies

Agency Subordinated

0.04%

SUBTOTAL

0.04%

Currency Instruments

Forward Currency Exchange Contracts

-0.08%

SUBTOTAL

-0.08%

Reverse Repurchase Agreements

-8.14%

Net Cash Equivalents

Cash

2.83%

Investment Companies

2.67%

SUBTOTAL

5.50%

Derivative Offsets

Futures Offsets

-0.80%

Swaps Offsets

-20.37%

SUBTOTAL

-21.17%

Total

100.00%

Country Breakdown

Portfolio %

United States

70.68%

Brazil

4.58%

United Kingdom

3.28%

Canada

1.92%

France

1.49%

Ireland

1.46%

Mexico

1.40%

Dominican Republic

1.36%

Luxembourg

1.31%

Netherlands

1.11%

Switzerland

1.04%

Italy

0.92%

Germany

0.88%

Ivory Coast

0.71%

United Arab Emirates

0.65%

Spain

0.64%

Indonesia

0.60%

Bermuda

0.52%

Colombia

0.47%

Venezuela

0.45%

South Africa

0.42%

Croatia

0.40%

Jamaica

0.30%

Ghana

0.28%

Argentina

0.27%

New Zealand

0.25%

Turkey

0.25%

India

0.23%

Barbados

0.22%

Portugal

0.21%

Macau

0.21%

Australia

0.19%

Trinidad & Tobago

0.17%

Pakistan

0.14%

Zambia

0.12%

Sri Lanka

0.10%

Sweden

0.10%

Denmark

0.09%

Guatemala

0.08%

Peru

0.07%

El Salvador

0.07%

Uruguay

0.07%

Kenya

0.06%

Chile

0.06%

Angola

0.06%

Finland

0.05%

Serbia

0.03%

Norway

0.02%

Cayman Islands

0.01%

Total

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

100.49%

New Turkish Lira

0.99%

Norwegian Krone

0.98%

Dominican Peso

0.58%

Indonesian Rupiah

0.55%

Mexican Peso

0.52%

Russian Rubles

0.51%

Brazilian Real

0.45%

Argentine Peso

0.35%

Hungarian Forint

0.18%

Uruguayan Peso

0.08%

Australian Dollar

0.03%

Chinese Yuan Renminbi

0.01%

Japanese Yen

0.01%

South African Rand

0.01%

Great British Pound

-0.02%

Colombian Peso

-0.06%

Singapore Dollar

-0.54%

Euro

-0.58%

Canadian Dollar

-1.52%

Taiwan New Dollar

-3.02%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

2.65%

AA

0.87%

A

2.30%

BBB

12.65%

BB

32.04%

B

21.76%

CCC

10.07%

CC

1.41%

C

0.22%

D

0.72%

Not Rated

8.52%

Short Term Investments

2.67%

N/A

4.12%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

3.18%

1 to 5 years

33.37%

5 to 10 years

45.12%

10 to 20 years

9.38%

20 to 30 years

5.36%

More than 30 years

2.64%

Other

0.95%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.43%

Average Bond Price :

94.07

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

34.97%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

34.97%

Average Maturity:

8.26 Years

Effective Duration:

5.00 Years

Total Net Assets:

$1,040.41 Million

Net Asset Value:

$12.07

Number of Holdings:

1176

Portfolio Turnover:

48%

* 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