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

3.22%

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

2.54%

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

1.15%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.613%, 1/25/37

0.87%

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

0.81%

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

0.72%

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

0.64%

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

0.59%

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

0.56%

10) Turkey Government Bond 8.30%, 6/20/18

0.51%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.12%

Communications - Media

5.70%

Energy

4.97%

Communications - Telecommunications

3.70%

Capital Goods

3.41%

Consumer Cyclical - Other

3.30%

Technology

2.80%

Basic

2.61%

Consumer Cyclical - Retailers

2.52%

Consumer Cyclical - Automotive

1.90%

Other Industrial

1.18%

Transportation - Services

0.84%

Consumer Cyclical - Entertainment

0.59%

Transportation - Airlines

0.44%

Consumer Cyclical - Restaurants

0.31%

Services

0.31%

SUBTOTAL

41.70%

Credit Default Swaps

12.31%

SUBTOTAL

12.31%

Financial Institutions

Banking

4.08%

Finance

1.31%

Insurance

0.59%

Other Finance

0.58%

Brokerage

0.01%

SUBTOTAL

6.57%

Utility

Electric

1.50%

SUBTOTAL

1.50%

SUBTOTAL

62.08%

Collateralized Mortgage Obligations

Risk Share Floating Rate

6.84%

Non-Agency Fixed Rate

3.14%

Non-Agency Floating Rate

1.43%

SUBTOTAL

11.41%

Global Governments

10.70%

Corporates - Investment Grade

Industrial

Basic

1.49%

Energy

0.78%

Capital Goods

0.38%

Technology

0.29%

Communications - Media

0.28%

Transportation - Airlines

0.19%

Communications - Telecommunications

0.18%

Consumer Non-Cyclical

0.12%

Consumer Cyclical - Automotive

0.05%

Other Industrial

0.03%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.81%

Financial Institutions

Insurance

1.49%

Banking

0.94%

REITS

0.49%

Brokerage

0.17%

SUBTOTAL

3.09%

Credit Default Swaps

0.75%

SUBTOTAL

0.75%

Utility

Electric

0.38%

Natural Gas

0.12%

SUBTOTAL

0.50%

SUBTOTAL

8.15%

Total Return Swaps

5.38%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

4.05%

Credit Default Swaps

0.86%

Non-Agency Floating Rate CMBS

0.28%

SUBTOTAL

5.19%

Bank Loans

Industrial

Consumer Cyclical - Retailers

0.78%

Consumer Non-Cyclical

0.74%

Technology

0.54%

Consumer Cyclical - Other

0.48%

Other Industrial

0.45%

Consumer Cyclical - Entertainment

0.44%

Basic

0.32%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.93%

Utility

Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

4.15%

Emerging Markets - Treasuries

3.55%

Emerging Markets - Sovereigns

3.29%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.51%

Capital Goods

0.49%

Basic

0.31%

Consumer Cyclical - Retailers

0.29%

Communications - Telecommunications

0.24%

Transportation - Airlines

0.24%

SUBTOTAL

2.08%

Financial Institutions

Finance

0.10%

SUBTOTAL

0.10%

SUBTOTAL

2.18%

Preferred Stocks

Financial Institutions

1.46%

Utility

0.03%

SUBTOTAL

1.49%

Governments - Sovereign Agencies

1.13%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.70%

Home Equity Loans - Floating Rate

0.18%

Other ABS - Fixed Rate

0.12%

Autos - Fixed Rate

0.07%

SUBTOTAL

1.07%

Whole Loan Trusts

Performing Asset

0.96%

SUBTOTAL

0.96%

Common Stocks

0.80%

Interest Rate Futures

0.77%

Local Governments - Municipal Bonds

0.70%

Inflation-Linked Securities

0.26%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.21%

SUBTOTAL

0.21%

Investment Companies

Funds and Investment Trusts

0.17%

SUBTOTAL

0.17%

Local Governments - Regional Bonds

0.14%

Warrants

0.03%

Options Purchased - Puts

Options on Futures Contracts

0.02%

SUBTOTAL

0.02%

Call Options Written

-0.07%

Interest Rate Swaps

-0.07%

Currency Instruments

Forward Currency Exchange Contracts

-0.49%

SUBTOTAL

-0.49%

Reverse Repurchase Agreements

-7.07%

Net Cash Equivalents

Cash

2.36%

Investment Companies

1.02%

Emerging Markets - Hard Currency

0.17%

SUBTOTAL

3.55%

Derivative Offsets

Futures Offsets

-0.77%

Swaps Offsets

-18.91%

SUBTOTAL

-19.68%

Total

100.00%

Country Breakdown

Portfolio %

United States

69.23%

Brazil

5.01%

United Kingdom

3.16%

Canada

2.03%

Mexico

1.87%

Ireland

1.44%

Luxembourg

1.39%

France

1.39%

Dominican Republic

1.33%

Netherlands

1.08%

Switzerland

1.03%

Italy

0.91%

Germany

0.85%

Turkey

0.73%

Ivory Coast

0.72%

Colombia

0.69%

United Arab Emirates

0.64%

Indonesia

0.60%

Argentina

0.57%

Spain

0.55%

Bermuda

0.50%

Venezuela

0.43%

South Africa

0.42%

Croatia

0.38%

Jamaica

0.30%

Ghana

0.29%

Barbados

0.22%

New Zealand

0.21%

Macau

0.21%

Australia

0.20%

Portugal

0.20%

Trinidad & Tobago

0.17%

Pakistan

0.14%

Zambia

0.13%

India

0.12%

Sweden

0.10%

Sri Lanka

0.10%

Denmark

0.09%

Guatemala

0.08%

Peru

0.07%

Uruguay

0.07%

El Salvador

0.07%

Kenya

0.06%

Angola

0.06%

Finland

0.05%

Chile

0.05%

Serbia

0.03%

Norway

0.02%

Cayman Islands

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

103.48%

New Turkish Lira

1.50%

Indian Rupee

1.48%

Russian Rubles

1.06%

Mexican Peso

1.01%

Dominican Peso

0.56%

Indonesian Rupiah

0.55%

Argentine Peso

0.45%

Euro

0.41%

Hungarian Forint

0.18%

Colombian Peso

0.15%

Uruguayan Peso

0.07%

Swedish Krona

0.02%

Chinese Yuan Renminbi

0.01%

South African Rand

0.01%

Singapore Dollar

-0.54%

Brazilian Real

-0.87%

Australian Dollar

-1.00%

Great British Pound

-2.02%

Taiwan New Dollar

-2.99%

Canadian Dollar

-3.52%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

2.79%

AA

0.84%

A

2.76%

BBB

13.29%

BB

31.67%

B

21.83%

CCC

10.22%

CC

1.43%

C

0.09%

D

0.85%

Not Rated

9.80%

Short Term Investments

1.19%

N/A

3.24%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

3.47%

1 to 5 years

34.26%

5 to 10 years

44.64%

10 to 20 years

9.61%

20 to 30 years

5.44%

More than 30 years

1.75%

Other

0.83%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.48%

Average Bond Price :

97.14

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

47.60%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

47.60%

Average Maturity:

7.86 Years

Effective Duration:

4.72 Years

Total Net Assets:

$1,090.22 Million

Net Asset Value:

$12.64

Number of Holdings:

1216

Portfolio Turnover:

48%