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 

3.64%

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

3.46%

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

1.19%

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

1.01%

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

0.91%

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

0.79%

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

0.78%

8) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.732%, 1/25/37 

0.68%

9) Turkey Government Bond  11.10%, 5/15/19 

0.66%

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

0.57%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

5.99%

Communications - Media

4.49%

Consumer Non-Cyclical

4.11%

Basic

3.88%

Consumer Cyclical - Other

2.84%

Communications - Telecommunications

2.75%

Capital Goods

1.79%

Technology

1.59%

Services

1.54%

Consumer Cyclical - Automotive

1.54%

Transportation - Services

1.12%

Consumer Cyclical - Retailers

0.91%

Other Industrial

0.75%

Consumer Cyclical - Entertainment

0.26%

Transportation - Airlines

0.10%

Consumer Cyclical - Restaurants

0.08%

SUBTOTAL

33.74%

Financial Institutions

Banking

4.75%

Finance

1.02%

Insurance

0.60%

Other Finance

0.44%

REITS

0.19%

Brokerage

0.14%

SUBTOTAL

7.14%

Credit Default Swaps

5.61%

SUBTOTAL

5.61%

Utility

Electric

1.41%

Natural Gas

0.09%

SUBTOTAL

1.50%

SUBTOTAL

47.99%

Global Governments

13.27%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.31%

Non-Agency Fixed Rate

1.70%

Non-Agency Floating Rate

1.08%

SUBTOTAL

12.09%

Interest Rate Futures

8.99%

Interest Rate Swaps

8.49%

Emerging Markets - Treasuries

7.81%

Corporates - Investment Grade

Industrial

Basic

0.95%

Technology

0.51%

Energy

0.48%

Communications - Media

0.32%

Communications - Telecommunications

0.27%

Capital Goods

0.26%

Consumer Non-Cyclical

0.16%

Consumer Cyclical - Automotive

0.13%

Consumer Cyclical - Other

0.09%

Services

0.06%

Transportation - Airlines

0.06%

SUBTOTAL

3.29%

Financial Institutions

Banking

1.32%

Insurance

1.23%

REITS

0.48%

Brokerage

0.08%

SUBTOTAL

3.11%

Credit Default Swaps

0.90%

SUBTOTAL

0.90%

Utility

Electric

0.11%

SUBTOTAL

0.11%

SUBTOTAL

7.41%

Emerging Markets - Sovereigns

6.91%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.14%

Non-Agency Fixed Rate CMBS

2.05%

Non-Agency Floating Rate CMBS

0.22%

SUBTOTAL

6.41%

Total Return Swaps

4.41%

Emerging Markets - Corporate Bonds

Industrial

Energy

0.97%

Basic

0.84%

Consumer Non-Cyclical

0.50%

Communications - Telecommunications

0.43%

Capital Goods

0.25%

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

3.52%

Financial Institutions

Banking

0.33%

Finance

0.05%

SUBTOTAL

0.38%

Utility

Electric

0.05%

SUBTOTAL

0.05%

SUBTOTAL

3.95%

Bank Loans

Industrial

Consumer Non-Cyclical

0.64%

Consumer Cyclical - Retailers

0.39%

Capital Goods

0.34%

Consumer Cyclical - Other

0.33%

Energy

0.25%

Technology

0.24%

Other Industrial

0.12%

Communications - Telecommunications

0.11%

Services

0.09%

Consumer Cyclical - Entertainment

0.08%

Basic

0.08%

SUBTOTAL

2.67%

SUBTOTAL

2.67%

Common Stocks

1.57%

Asset-Backed Securities

Other ABS - Fixed Rate

0.76%

Home Equity Loans - Fixed Rate

0.62%

Autos - Fixed Rate

0.06%

Home Equity Loans - Floating Rate

0.03%

SUBTOTAL

1.47%

Preferred Stocks

Industrial

0.78%

Financial Institutions

0.30%

Utility

0.03%

SUBTOTAL

1.11%

Inflation-Linked Securities

0.67%

Local Governments - Regional Bonds

0.57%

Local Governments - US Municipal Bonds

0.46%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.28%

SUBTOTAL

0.28%

Whole Loan Trusts

Performing Asset

0.24%

SUBTOTAL

0.24%

Investment Companies

Funds and Investment Trusts

0.18%

SUBTOTAL

0.18%

Collateralized Loan Obligations

CLO - Floating Rate

0.11%

SUBTOTAL

0.11%

Warrants

0.02%

Options Purchased - Puts

Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.12%

SUBTOTAL

-0.12%

Put Options Written

-0.18%

Equity Futures

Equity Index Futures

-1.88%

SUBTOTAL

-1.88%

Reverse Repurchase Agreements

-7.23%

Net Cash Equivalents

Cash

1.58%

Investment Companies

1.05%

Emerging Markets - Sovereigns

0.49%

Governments - Treasuries

0.24%

SUBTOTAL

3.36%

Derivative Offsets

Futures Offsets

-7.18%

Swaps Offsets

-23.86%

SUBTOTAL

-31.04%

Total

100.00%

Country Breakdown

Portfolio %

United States

60.31%

Brazil

5.38%

Mexico

3.32%

Argentina

3.14%

United Kingdom

2.63%

Turkey

2.55%

Luxembourg

1.68%

Canada

1.68%

Indonesia

1.68%

France

1.26%

Dominican Republic

1.23%

Ireland

1.12%

Italy

0.98%

Egypt

0.93%

Colombia

0.86%

Spain

0.82%

Switzerland

0.80%

Russia

0.79%

Netherlands

0.66%

Sri Lanka

0.59%

Ivory Coast

0.53%

Ukraine

0.47%

Malaysia

0.46%

Zambia

0.42%

South Africa

0.40%

Jamaica

0.39%

Cayman Islands

0.38%

India

0.35%

Germany

0.33%

United Arab Emirates

0.29%

Ecuador

0.28%

Gabon

0.25%

Mongolia

0.19%

Norway

0.17%

Guatemala

0.16%

Angola

0.16%

Sweden

0.14%

Venezuela

0.14%

Bahrain

0.14%

El Salvador

0.14%

Trinidad & Tobago

0.13%

Macau

0.13%

Nigeria

0.13%

Senegal

0.13%

Pakistan

0.12%

Israel

0.12%

Uruguay

0.12%

Denmark

0.12%

Cameroon

0.11%

Honduras

0.09%

Peru

0.08%

Australia

0.07%

Chile

0.06%

Kenya

0.06%

Iraq

0.05%

Jordan

0.05%

Ethiopia

0.05%

Finland

0.05%

China

0.04%

Hong Kong

0.04%

Jersey (Channel Islands)

0.02%

Belarus

0.02%

Serbia

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

95.99%

Brazilian Real

2.54%

Argentine Peso

1.81%

Polish Zloty

1.60%

Indonesian Rupiah

1.54%

Russian Rubles

1.25%

Chinese Yuan Renminbi

1.02%

Egypt Pound

0.73%

Indian Rupee

0.50%

Malaysian Ringgit

0.50%

Sri Lankan Rupee

0.49%

Colombian Peso

0.48%

Dominican Peso

0.47%

Peruvian Sol

0.25%

Canadian Dollar

0.24%

South Korean Won

0.21%

Uruguayan Peso

0.13%

South African Rand

0.13%

Euro

0.03%

Great British Pound

-0.02%

Norwegian Krone

-0.11%

Swedish Krona

-0.24%

Mexican Peso

-0.37%

New Zealand Dollar

-0.41%

New Turkish Lira

-0.48%

Australian Dollar

-1.02%

Japanese Yen

-1.52%

Swiss Franc

-1.68%

Israeli New Shekel

-2.03%

Taiwan New Dollar

-2.03%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

7.53%

AA

0.81%

A

4.17%

BBB

15.49%

BB

32.28%

B

27.60%

CCC

6.88%

CC

0.57%

C

0.12%

D

0.14%

Not Rated

6.00%

Short Term Investments

1.78%

Reverse Repurchase Agreements

-7.23%

N/A

3.86%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

3.79%

1 to 5 years

43.00%

5 to 10 years

36.79%

10 to 20 years

9.09%

20 to 30 years

4.65%

More Than 30 years

1.08%

Other

1.60%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.58%

Average Bond Price:

104.1

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

36.81%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

36.81%

Average Maturity:

7.07  Years

Effective Duration:

5.03  Years

Total Net Assets:

$1,201.45 Million

Net Asset Value:

$13.93

Number of Holdings:

1367

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 L. P.