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 

3.66%

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

3.55%

3) Mexican Bonos Series M 20 10.00%, 12/05/24 

1.06%

4) Turkey Government Bond  11.00%, 2/24/27 

0.95%

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

0.91%

6) Mexican Bonos Series M 6.50%, 6/10/21 

0.85%

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

0.79%

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

0.73%

9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.508%, 1/25/37 

0.69%

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

0.65%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

5.77%

Communications - Media

4.40%

Consumer Non-Cyclical

3.92%

Basic

3.59%

Consumer Cyclical - Other

2.87%

Communications - Telecommunications

2.71%

Capital Goods

2.02%

Technology

1.63%

Services

1.59%

Consumer Cyclical - Automotive

1.22%

Other Industrial

1.08%

Transportation - Services

1.02%

Consumer Cyclical - Retailers

0.96%

Consumer Cyclical - Entertainment

0.22%

Transportation - Airlines

0.10%

Consumer Cyclical - Restaurants

0.08%

SUBTOTAL

33.18%

Financial Institutions

Banking

4.48%

Finance

1.03%

Insurance

0.51%

Other Finance

0.42%

Brokerage

0.14%

REITS

0.06%

SUBTOTAL

6.64%

Credit Default Swaps

5.62%

SUBTOTAL

5.62%

Utility

Electric

1.35%

Natural Gas

0.03%

SUBTOTAL

1.38%

SUBTOTAL

46.82%

Global Governments

13.98%

Interest Rate Swaps

13.31%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.27%

Non-Agency Fixed Rate

1.73%

Non-Agency Floating Rate

1.11%

SUBTOTAL

12.11%

Interest Rate Futures

9.02%

Corporates - Investment Grade

Industrial

Basic

0.97%

Technology

0.55%

Energy

0.48%

Communications - Media

0.40%

Consumer Cyclical - Automotive

0.28%

Capital Goods

0.26%

Communications - Telecommunications

0.26%

Consumer Non-Cyclical

0.17%

Consumer Cyclical - Other

0.08%

Services

0.06%

Transportation - Airlines

0.06%

SUBTOTAL

3.57%

Financial Institutions

Banking

1.57%

Insurance

1.22%

REITS

0.60%

Brokerage

0.09%

SUBTOTAL

3.48%

Credit Default Swaps

0.93%

SUBTOTAL

0.93%

Utility

Electric

0.12%

SUBTOTAL

0.12%

SUBTOTAL

8.10%

Emerging Markets - Treasuries

8.04%

Emerging Markets - Sovereigns

6.95%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.08%

Non-Agency Fixed Rate CMBS

2.18%

Non-Agency Floating Rate CMBS

0.22%

SUBTOTAL

6.48%

Emerging Markets - Corporate Bonds

Industrial

Energy

0.97%

Basic

0.75%

Consumer Non-Cyclical

0.51%

Communications - Telecommunications

0.43%

Capital Goods

0.27%

Consumer Cyclical - Other

0.18%

Transportation - Services

0.15%

Consumer Cyclical - Retailers

0.07%

Technology

0.05%

Transportation - Airlines

0.04%

Other Industrial

0.04%

SUBTOTAL

3.46%

Financial Institutions

Banking

0.29%

Finance

0.05%

SUBTOTAL

0.34%

Utility

Electric

0.05%

SUBTOTAL

0.05%

SUBTOTAL

3.85%

Total Return Swaps

3.82%

Bank Loans

Industrial

Consumer Non-Cyclical

0.57%

Technology

0.56%

Consumer Cyclical - Retailers

0.40%

Capital Goods

0.35%

Consumer Cyclical - Other

0.34%

Energy

0.24%

Other Industrial

0.19%

Communications - Telecommunications

0.09%

Services

0.09%

Consumer Cyclical - Entertainment

0.08%

Basic

0.08%

SUBTOTAL

2.99%

SUBTOTAL

2.99%

Asset-Backed Securities

Other ABS - Fixed Rate

0.77%

Home Equity Loans - Fixed Rate

0.63%

Autos - Fixed Rate

0.06%

Home Equity Loans - Floating Rate

0.03%

SUBTOTAL

1.49%

Common Stocks

1.43%

Preferred Stocks

Industrial

0.76%

Financial Institutions

0.31%

Utility

0.03%

SUBTOTAL

1.10%

Inflation-Linked Securities

0.77%

Local Governments - Regional Bonds

0.58%

Whole Loan Trusts

Performing Asset

0.48%

SUBTOTAL

0.48%

Local Governments - US Municipal Bonds

0.46%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.26%

SUBTOTAL

0.26%

Investment Companies

Funds and Investment Trusts

0.18%

SUBTOTAL

0.18%

Collateralized Loan Obligations

CLO - Floating Rate

0.11%

SUBTOTAL

0.11%

Options Purchased - Calls

Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Options Purchased - Puts

Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Warrants

0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.21%

SUBTOTAL

-0.21%

Put Options Written

-0.32%

Equity Futures

Equity Index Futures

-1.87%

SUBTOTAL

-1.87%

Reverse Repurchase Agreements

-6.59%

Net Cash Equivalents

Cash

0.93%

Emerging Markets - Sovereigns

0.49%

Investment Companies

0.31%

Governments - Treasuries

0.23%

SUBTOTAL

1.96%

Derivative Offsets

Futures Offsets

-7.24%

Swaps Offsets

-28.09%

SUBTOTAL

-35.33%

Total

100.00%

Country Breakdown

Portfolio %

United States

60.35%

Brazil

5.38%

Mexico

3.57%

Argentina

3.29%

United Kingdom

2.86%

Turkey

2.45%

Indonesia

1.67%

Luxembourg

1.58%

Canada

1.49%

Dominican Republic

1.24%

France

1.19%

Ireland

1.12%

Italy

0.98%

Egypt

0.92%

Colombia

0.82%

Spain

0.80%

Switzerland

0.79%

Russia

0.78%

Netherlands

0.63%

Sri Lanka

0.59%

South Africa

0.58%

Ivory Coast

0.53%

Ukraine

0.47%

Malaysia

0.46%

Jamaica

0.38%

Cayman Islands

0.37%

India

0.35%

Germany

0.33%

Zambia

0.33%

United Arab Emirates

0.29%

Ecuador

0.27%

Gabon

0.24%

Mongolia

0.19%

Norway

0.17%

Angola

0.17%

Guatemala

0.16%

Venezuela

0.15%

Sweden

0.14%

Bahrain

0.14%

El Salvador

0.14%

Trinidad & Tobago

0.13%

Macau

0.13%

Senegal

0.12%

Nigeria

0.12%

Pakistan

0.12%

Israel

0.12%

Uruguay

0.12%

Cameroon

0.11%

Honduras

0.09%

Peru

0.08%

Australia

0.06%

Kenya

0.06%

Iraq

0.05%

Jordan

0.05%

Ethiopia

0.05%

Finland

0.05%

China

0.04%

Hong Kong

0.04%

Chile

0.04%

Jersey (Channel Islands)

0.02%

Belarus

0.02%

Serbia

0.01%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

102.79%

Brazilian Real

2.04%

Argentine Peso

1.64%

Polish Zloty

1.58%

Indonesian Rupiah

1.53%

Russian Rubles

1.23%

Chinese Yuan Renminbi

1.00%

Egypt Pound

0.72%

Indian Rupee

0.50%

Malaysian Ringgit

0.50%

Dominican Peso

0.48%

Sri Lankan Rupee

0.48%

Colombian Peso

0.43%

Norwegian Krone

0.36%

Peruvian Sol

0.25%

South Korean Won

0.20%

Uruguayan Peso

0.13%

Mexican Peso

0.07%

Chinese Yuan Renminbi (Offshore)

-0.01%

South African Rand

-0.46%

Canadian Dollar

-0.62%

Great British Pound

-0.75%

Australian Dollar

-0.85%

Swedish Krona

-1.27%

Japanese Yen

-1.28%

Euro

-1.47%

New Zealand Dollar

-1.51%

Swiss Franc

-1.68%

New Turkish Lira

-1.99%

Taiwan New Dollar

-2.01%

Israeli New Shekel

-2.03%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

8.32%

AA

0.96%

A

4.56%

BBB

15.69%

BB

31.47%

B

27.60%

CCC

6.78%

CC

0.58%

C

0.12%

D

0.21%

Not Rated

6.57%

Short Term Investments

1.04%

Reverse Repurchase Agreements

-6.59%

N/A

2.69%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

3.13%

1 to 5 years

43.20%

5 to 10 years

37.26%

10 to 20 years

9.63%

20 to 30 years

4.27%

More Than 30 years

1.07%

Other

1.44%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.61%

Average Bond Price:

103.57

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

40.10%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

40.10%

Average Maturity:

7.15  Years

Effective Duration:

5.08  Years

Total Net Assets:

$1,198.15 Million

Net Asset Value:

$13.89

Number of Holdings:

1419

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.