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 Notes 0.875%, 4/15/19

5.40%

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

2.95%

3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27

2.91%

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

1.08%

5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.705%, 1/25/37

0.81%

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

0.77%

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

0.68%

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

0.63%

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

0.60%

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

0.50%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

6.78%

Communications - Media

5.13%

Energy

4.94%

Communications - Telecommunications

3.73%

Basic

3.42%

Capital Goods

3.17%

Consumer Cyclical - Other

3.17%

Technology

2.63%

Consumer Cyclical - Automotive

1.99%

Consumer Cyclical - Retailers

1.69%

Transportation - Services

1.04%

Services

0.89%

Other Industrial

0.75%

Consumer Cyclical - Entertainment

0.56%

Transportation - Airlines

0.41%

Consumer Cyclical - Restaurants

0.31%

SUBTOTAL

40.61%

Credit Default Swaps

11.14%

SUBTOTAL

11.14%

Financial Institutions

Banking

3.07%

Finance

0.91%

Other Finance

0.49%

Insurance

0.38%

REITS

0.03%

Brokerage

0.01%

SUBTOTAL

4.89%

Utility

Electric

1.46%

SUBTOTAL

1.46%

SUBTOTAL

58.10%

Global Governments

14.81%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.42%

Non-Agency Fixed Rate

2.68%

Non-Agency Floating Rate

1.26%

Agency Floating Rate

0.06%

SUBTOTAL

13.42%

Corporates - Investment Grade

Industrial

Basic

1.14%

Energy

0.65%

Technology

0.64%

Communications - Media

0.39%

Capital Goods

0.38%

Communications - Telecommunications

0.17%

Transportation - Airlines

0.17%

Consumer Cyclical - Automotive

0.15%

Consumer Non-Cyclical

0.11%

Other Industrial

0.03%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.85%

Financial Institutions

Insurance

1.28%

Banking

0.95%

REITS

0.47%

Brokerage

0.17%

Finance

0.12%

SUBTOTAL

2.99%

Credit Default Swaps

0.71%

SUBTOTAL

0.71%

Utility

Electric

0.38%

Natural Gas

0.11%

SUBTOTAL

0.49%

SUBTOTAL

8.04%

Interest Rate Futures

6.94%

Total Return Swaps

6.89%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.85%

Credit Default Swaps

1.48%

Non-Agency Floating Rate CMBS

0.21%

SUBTOTAL

5.54%

Emerging Markets - Sovereigns

4.56%

Emerging Markets - Treasuries

4.25%

Bank Loans

Industrial

Technology

0.66%

Consumer Non-Cyclical

0.62%

Consumer Cyclical - Retailers

0.57%

Consumer Cyclical - Other

0.42%

Other Industrial

0.39%

Energy

0.24%

Basic

0.21%

Consumer Cyclical - Entertainment

0.20%

Capital Goods

0.13%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.51%

Utility

Electric

0.17%

Natural Gas

0.10%

SUBTOTAL

0.27%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.82%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.39%

Communications - Telecommunications

0.27%

Transportation - Airlines

0.27%

Capital Goods

0.21%

Basic

0.14%

Consumer Cyclical - Retailers

0.13%

SUBTOTAL

1.41%

Financial Institutions

Finance

0.11%

SUBTOTAL

0.11%

SUBTOTAL

1.52%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.55%

Home Equity Loans - Floating Rate

0.23%

Other ABS - Fixed Rate

0.17%

Other ABS - Floating Rate

0.15%

Autos - Fixed Rate

0.07%

SUBTOTAL

1.17%

Governments - Sovereign Agencies

0.93%

Whole Loan Trusts

Performing Asset

0.87%

SUBTOTAL

0.87%

Common Stocks

0.69%

Preferred Stocks

Financial Institutions

0.54%

Utility

0.03%

SUBTOTAL

0.57%

Equity Futures

Equity Index Futures

0.54%

SUBTOTAL

0.54%

Local Governments - Municipal Bonds

0.48%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.35%

SUBTOTAL

0.35%

Local Governments - Regional Bonds

0.33%

Inflation-Linked Securities

0.23%

Investment Companies

Funds and Investment Trusts

0.17%

SUBTOTAL

0.17%

Warrants

0.03%

Call Options Written

-0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.03%

SUBTOTAL

-0.03%

Interest Rate Swaps

-0.12%

Reverse Repurchase Agreements

-9.14%

Net Cash Equivalents

Cash

1.61%

Investment Companies

0.56%

Emerging Markets - Sovereigns

0.06%

SUBTOTAL

2.23%

Derivative Offsets

Futures Offsets

-7.46%

Swaps Offsets

-19.72%

SUBTOTAL

-27.18%

Total 

100.00%

Country Breakdown

Portfolio %

United States

70.75%

Brazil

4.64%

United Kingdom

3.01%

Canada

2.39%

Luxembourg

1.38%

Mexico

1.38%

France

1.33%

Ireland

1.31%

Dominican Republic

1.15%

Argentina

1.08%

Indonesia

1.02%

Colombia

0.91%

Netherlands

0.87%

Switzerland

0.82%

Italy

0.74%

Ivory Coast

0.69%

Turkey

0.65%

United Arab Emirates

0.55%

Germany

0.53%

Venezuela

0.45%

Spain

0.43%

Croatia

0.36%

Jamaica

0.34%

Gabon

0.23%

Australia

0.22%

Angola

0.22%

Barbados

0.20%

New Zealand

0.20%

Portugal

0.18%

Trinidad & Tobago

0.17%

Mongolia

0.17%

South Africa

0.15%

Zambia

0.14%

Pakistan

0.13%

India

0.11%

Macau

0.10%

Cayman Islands

0.10%

Cameroon

0.09%

Sri Lanka

0.09%

Ecuador

0.09%

Guatemala

0.08%

Denmark

0.08%

El Salvador

0.07%

Peru

0.07%

Kenya

0.06%

Chile

0.05%

Finland

0.05%

Ethiopia

0.05%

Lebanon

0.05%

Serbia

0.03%

Norway

0.02%

Iraq

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

93.97%

Swedish Krona

3.51%

Brazilian Real

1.94%

Mexican Peso

1.89%

Indian Rupee

1.50%

New Turkish Lira

0.98%

Colombian Peso

0.71%

Argentine Peso

0.57%

Indonesian Rupiah

0.54%

Dominican Peso

0.50%

Russian Rubles

0.02%

Norwegian Krone

0.02%

Australian Dollar

0.01%

Taiwan New Dollar

0.01%

Hong Kong Dollar

0.01%

South African Rand

0.01%

Japanese Yen

-0.01%

Great British Pound

-0.04%

Swiss Franc

-0.47%

Singapore Dollar

-0.49%

Canadian Dollar

-1.47%

Euro

-3.71%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

4.32%

AA

0.73%

A

2.44%

BBB

13.69%

BB

28.83%

B

26.51%

CCC

8.88%

CC

1.35%

C

0.26%

D

1.20%

Not Rated

8.26%

Short Term Investments

0.62%

N/A

2.91%

Total 

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

0.64%

1 to 5 years

44.14%

5 to 10 years

39.06%

10 to 20 years

8.65%

20 to 30 years

5.28%

More than 30 years

1.51%

Other

0.72%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.44%

Average Bond Price :

101.32

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

26.70%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

26.70%

Average Maturity:

7.55 Years

Effective Duration:

5.05 Years

Total Net Assets:

$1,169.51 Million

Net Asset Value:

$13.56

Number of Holdings:

1185

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.