AB Global High Income Fund Releases Monthly Portfolio Update

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

3.86%

2) U.S. Treasury Notes  0.875%, 4/15/19

3.57%

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

2.74%

4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26

1.15%

5) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27

1.07%

6) U.S. Treasury Bonds  6.25%, 5/15/30

0.92%

7) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.161%, 1/25/37

0.73%

8) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27

0.70%

9) Argentine Bonos del Tesoro  18.20%, 10/03/21

0.65%

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

0.62%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

5.80%

Communications - Media

4.59%

Energy

4.17%

Communications - Telecommunications

3.22%

Basic

2.92%

Consumer Cyclical - Other

2.66%

Capital Goods

2.38%

Technology

2.00%

Consumer Cyclical - Automotive

1.66%

Consumer Cyclical - Retailers

1.35%

Services

1.00%

Transportation - Services

0.72%

Other Industrial

0.44%

Consumer Cyclical - Entertainment

0.34%

Consumer Cyclical - Restaurants

0.20%

Transportation - Airlines

0.10%

SUBTOTAL

33.55%

Financial Institutions

Banking

2.82%

Finance

0.89%

Other Finance

0.37%

Insurance

0.35%

Brokerage

0.14%

REITS

0.04%

SUBTOTAL

4.61%

Credit Default Swaps

1.62%

SUBTOTAL

1.62%

Utility

Electric

1.22%

SUBTOTAL

1.22%

SUBTOTAL

41.00%

Global Governments

14.91%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.15%

Non-Agency Fixed Rate

1.92%

Non-Agency Floating Rate

1.14%

SUBTOTAL

12.21%

Interest Rate Futures

8.88%

Corporates - Investment Grade

Industrial

Basic

1.02%

Energy

0.70%

Technology

0.61%

Communications - Telecommunications

0.48%

Capital Goods

0.41%

Communications - Media

0.39%

Consumer Cyclical - Automotive

0.15%

Transportation - Airlines

0.08%

Consumer Non-Cyclical

0.03%

Other Industrial

0.03%

Consumer Cyclical - Other

0.01%

SUBTOTAL

3.91%

Financial Institutions

Banking

1.28%

Insurance

1.19%

REITS

0.47%

Brokerage

0.16%

Finance

0.07%

SUBTOTAL

3.17%

Credit Default Swaps

0.93%

SUBTOTAL

0.93%

Utility

Electric

0.30%

Natural Gas

0.11%

SUBTOTAL

0.41%

SUBTOTAL

8.42%

Commercial Mortgage-Backed Securities

Credit Default Swaps

3.95%

Non-Agency Fixed Rate CMBS

3.09%

Non-Agency Floating Rate CMBS

0.03%

SUBTOTAL

7.07%

Emerging Markets - Treasuries

6.50%

Emerging Markets - Sovereigns

5.78%

Total Return Swaps

4.87%

Interest Rate Swaps

4.40%

Bank Loans

Industrial

Technology

0.75%

Consumer Non-Cyclical

0.54%

Other Industrial

0.43%

Consumer Cyclical - Other

0.37%

Capital Goods

0.31%

Energy

0.29%

Consumer Cyclical - Retailers

0.28%

Consumer Cyclical - Entertainment

0.19%

Consumer Cyclical - Automotive

0.07%

Basic

0.05%

SUBTOTAL

3.28%

Utility

Electric

0.17%

SUBTOTAL

0.17%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.49%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.48%

Communications - Telecommunications

0.42%

Basic

0.36%

Transportation - Airlines

0.26%

Capital Goods

0.20%

Transportation - Services

0.14%

Consumer Cyclical - Retailers

0.03%

SUBTOTAL

1.89%

Non Corporate Sectors

Treasuries

0.30%

SUBTOTAL

0.30%

Financial Institutions

Finance

0.11%

Banking

0.06%

SUBTOTAL

0.17%

SUBTOTAL

2.36%

Preferred Stocks

Industrial

0.84%

Financial Institutions

0.67%

Utility

0.03%

SUBTOTAL

1.54%

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

1.08%

Common Stocks

0.96%

Inflation-Linked Securities

0.75%

Whole Loan Trusts

Performing Asset

0.69%

SUBTOTAL

0.69%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.48%

SUBTOTAL

0.48%

Local Governments - Municipal Bonds

0.45%

Local Governments - Regional Bonds

0.39%

Options Purchased - Calls

Options on Forward Contracts

0.32%

SUBTOTAL

0.32%

Equity Futures

Equity Index Futures

0.27%

SUBTOTAL

0.27%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Warrants

0.04%

Options Purchased - Puts

Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.04%

SUBTOTAL

-0.04%

Put Options Written

-0.07%

Call Options Written

-0.26%

Reverse Repurchase Agreements

-7.64%

Net Cash Equivalents

Investment Companies

3.06%

Cash

1.52%

Emerging Markets - Treasuries

0.35%

Foreign Currency

0.02%

SUBTOTAL

4.95%

Derivative Offsets

Futures Offsets

-9.13%

Swaps Offsets

-15.94%

SUBTOTAL

-25.07%

Total

100.00%

Country Breakdown

Portfolio %

United States

65.16%

Brazil

5.90%

Argentina

3.08%

United Kingdom

2.79%

Canada

2.19%

Luxembourg

1.52%

Mexico

1.50%

Indonesia

1.34%

South Africa

1.34%

Turkey

1.32%

France

1.27%

Dominican Republic

1.21%

Colombia

0.90%

Russia

0.81%

Switzerland

0.80%

Ireland

0.79%

Italy

0.71%

Ivory Coast

0.57%

Egypt

0.57%

Spain

0.46%

Netherlands

0.38%

Venezuela

0.37%

Jamaica

0.36%

Croatia

0.34%

Germany

0.32%

United Arab Emirates

0.30%

India

0.28%

Gabon

0.24%

Angola

0.20%

Barbados

0.20%

Mongolia

0.18%

Honduras

0.17%

Bermuda

0.17%

Trinidad & Tobago

0.17%

Macau

0.16%

Guatemala

0.16%

Zambia

0.15%

Norway

0.14%

Pakistan

0.12%

Australia

0.12%

Bahamas

0.12%

Cayman Islands

0.11%

Cameroon

0.11%

Bahrain

0.10%

Ecuador

0.10%

Sri Lanka

0.09%

Nigeria

0.09%

Peru

0.07%

New Zealand

0.06%

El Salvador

0.06%

Kenya

0.06%

Jordan

0.05%

Lebanon

0.05%

Finland

0.04%

Ethiopia

0.04%

Chile

0.04%

Iraq

0.02%

Serbia

0.02%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

98.93%

Indian Rupee

2.08%

Colombian Peso

1.77%

Argentine Peso

1.74%

Indonesian Rupiah

1.47%

Brazilian Real

1.23%

New Turkish Lira

1.00%

South African Rand

0.88%

Russian Rubles

0.79%

Chilean Peso

0.49%

Dominican Peso

0.47%

Egypt Pound

0.35%

Peruvian Sol

0.25%

Chinese Yuan Renminbi (Offshore)

0.17%

Canadian Dollar

0.12%

Hong Kong Dollar

0.02%

Swedish Krona

-0.05%

Taiwan New Dollar

-0.51%

Japanese Yen

-0.52%

Swiss Franc

-0.90%

Norwegian Krone

-0.99%

Great British Pound

-1.05%

Mexican Peso

-1.26%

New Zealand Dollar

-1.47%

Euro

-1.50%

Australian Dollar

-1.51%

Chinese Yuan Renminbi

-2.00%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

11.33%

AA

0.69%

A

2.54%

BBB

15.40%

BB

30.32%

B

24.35%

CCC

7.34%

CC

1.13%

C

0.04%

D

0.81%

Not Rated

7.42%

Short Term Investments

3.41%

Reverse Repurchase Agreements

-7.64%

N/A

2.86%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

4.70%

1 to 5 years

38.58%

5 to 10 years

40.38%

10 to 20 years

8.50%

20 to 30 years

5.37%

More Than 30 years

1.47%

Other

1.00%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.99%

Average Bond Price:

102.54

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

49.21%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

49.21%

Average Maturity:

8.30  Years

Effective Duration:

5.73  Years

Total Net Assets:

$1,195.92 Million

Net Asset Value:

$13.87

Number of Holdings:

1254

Portfolio Turnover:

42%