AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

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

2.63%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 

2.51%

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

1.79%

4) U.S. Treasury Notes  2.875%, 8/15/28 

1.55%

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

0.90%

6) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.461%, 1/25/37 

0.58%

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

0.58%

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

0.57%

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

0.53%

10) Ukraine Government International Bond  7.75%, 9/01/22 - 9/01/24 

0.48%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

7.27%

Communications - Media

4.37%

Basic

3.67%

Consumer Non-Cyclical

3.25%

Communications - Telecommunications

2.71%

Consumer Cyclical - Other

2.34%

Capital Goods

1.72%

Services

1.71%

Consumer Cyclical - Automotive

1.70%

Technology

1.51%

Consumer Cyclical - Retailers

0.87%

Transportation - Services

0.84%

Other Industrial

0.73%

Consumer Cyclical - Entertainment

0.36%

Consumer Cyclical - Restaurants

0.19%

SUBTOTAL

33.24%

Credit Default Swaps

13.28%

SUBTOTAL

13.28%

Financial Institutions

Banking

4.26%

Finance

1.37%

Insurance

0.83%

Other Finance

0.50%

REITS

0.22%

Brokerage

0.13%

SUBTOTAL

7.31%

Utility

Electric

1.14%

Natural Gas

0.17%

SUBTOTAL

1.31%

SUBTOTAL

55.14%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.62%

Non-Agency Fixed Rate

1.05%

Non-Agency Floating Rate

0.92%

SUBTOTAL

11.59%

Global Governments

10.63%

Commercial Mortgage-Backed Securities

Credit Default Swaps

5.36%

Non-Agency Fixed Rate CMBS

1.84%

Non-Agency Floating Rate CMBS

0.15%

SUBTOTAL

7.35%

Corporates - Investment Grade

Financial Institutions

Banking

1.82%

Insurance

1.77%

REITS

0.30%

SUBTOTAL

3.89%

Industrial

Basic

0.67%

Technology

0.48%

Energy

0.38%

Capital Goods

0.25%

Communications - Telecommunications

0.24%

Consumer Non-Cyclical

0.18%

Other Industrial

0.14%

Communications - Media

0.14%

Consumer Cyclical - Automotive

0.11%

Consumer Cyclical - Other

0.08%

Services

0.06%

Transportation - Airlines

0.03%

SUBTOTAL

2.76%

Utility

Electric

0.02%

SUBTOTAL

0.02%

SUBTOTAL

0.00%

SUBTOTAL

6.67%

Emerging Markets - Sovereigns

Credit Default Swaps

0.98%

Total Return Swaps

4.78%

Interest Rate Futures

4.73%

Emerging Markets - Treasuries

4.63%

Emerging Markets - Corporate Bonds

Industrial

Basic

0.88%

Consumer Non-Cyclical

0.88%

Energy

0.61%

Communications - Telecommunications

0.43%

Consumer Cyclical - Other

0.19%

Capital Goods

0.17%

Transportation - Services

0.16%

Consumer Cyclical - Retailers

0.06%

Technology

0.05%

Transportation - Airlines

0.03%

SUBTOTAL

3.46%

Financial Institutions

Banking

0.37%

Finance

0.05%

Insurance

0.01%

SUBTOTAL

0.43%

Utility

Electric

0.25%

SUBTOTAL

0.25%

SUBTOTAL

4.14%

Bank Loans

Industrial

Consumer Non-Cyclical

1.14%

Capital Goods

0.49%

Services

0.46%

Energy

0.41%

Technology

0.33%

Consumer Cyclical - Retailers

0.28%

Consumer Cyclical - Other

0.23%

Other Industrial

0.14%

Communications - Telecommunications

0.12%

Consumer Cyclical - Entertainment

0.09%

Basic

0.09%

Consumer Cyclical - Automotive

0.03%

Consumer Cyclical - Restaurants

0.02%

SUBTOTAL

3.83%

Financial Institutions

Insurance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

3.92%

Investment Companies

Funds and Investment Trusts

2.55%

SUBTOTAL

2.55%

Common Stocks

2.23%

Asset-Backed Securities

Other ABS - Fixed Rate

1.17%

Home Equity Loans - Fixed Rate

0.35%

Autos - Fixed Rate

0.09%

Home Equity Loans - Floating Rate

0.01%

SUBTOTAL

1.62%

Local Governments - US Municipal Bonds

0.47%

Local Governments - Regional Bonds

0.43%

Preferred Stocks

Financial Institutions

0.28%

Utility

0.02%

SUBTOTAL

0.30%

Inflation-Linked Securities

0.26%

Interest Rate Swaps

0.23%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.19%

SUBTOTAL

0.19%

Collateralized Loan Obligations

CLO - Floating Rate

0.14%

SUBTOTAL

0.14%

Options Purchased - Puts

Options on Forward Contracts

0.12%

SUBTOTAL

0.12%

Whole Loan Trusts

Performing Asset

0.05%

SUBTOTAL

0.05%

Warrants

0.03%

Options Purchased - Calls

Swaptions

0.02%

SUBTOTAL

0.02%

Call Options Written

-0.01%

Put Options Written

-0.12%

Currency Instruments

Forward Currency Exchange Contracts

-0.29%

SUBTOTAL

-0.29%

Reverse Repurchase Agreements

-1.59%

Equity Futures

Equity Index Futures

-2.22%

SUBTOTAL

-2.22%

Net Cash Equivalents

Cash

2.39%

Investment Companies

0.57%

Emerging Markets - Sovereigns

0.23%

Foreign Currency

-0.01%

SUBTOTAL

3.18%

Derivative Offsets

Futures Offsets

-2.38%

Swaps Offsets

-25.45%

SUBTOTAL

-27.83%

Total

100.00%

Country Breakdown

Portfolio %

United States

68.23%

Brazil

4.32%

United Kingdom

2.31%

Canada

1.94%

France

1.70%

Argentina

1.70%

Luxembourg

1.48%

Netherlands

1.48%

Dominican Republic

1.10%

Italy

1.03%

Turkey

0.92%

Ireland

0.88%

Switzerland

0.83%

Spain

0.80%

Mexico

0.71%

Ukraine

0.71%

Colombia

0.64%

Sri Lanka

0.56%

Ivory Coast

0.51%

South Africa

0.48%

India

0.46%

Russia

0.42%

Cayman Islands

0.38%

Zambia

0.38%

Jamaica

0.35%

Indonesia

0.33%

United Arab Emirates

0.32%

Egypt

0.27%

Gabon

0.25%

Denmark

0.24%

Nigeria

0.23%

Germany

0.22%

Mongolia

0.22%

Honduras

0.22%

Angola

0.21%

Malaysia

0.20%

Norway

0.19%

Israel

0.19%

Venezuela

0.18%

Sweden

0.18%

Guatemala

0.17%

Ghana

0.16%

Bahrain

0.15%

Ecuador

0.15%

Macau

0.15%

El Salvador

0.12%

Costa Rica

0.12%

Kenya

0.12%

Cameroon

0.11%

Chile

0.11%

Uruguay

0.10%

Kazakhstan

0.09%

Australia

0.09%

Trinidad & Tobago

0.09%

Peru

0.08%

Senegal

0.08%

China

0.07%

Lebanon

0.07%

Iraq

0.06%

Jordan

0.05%

Finland

0.05%

Jersey (Channel Islands)

0.02%

Belgium

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

99.97%

Japanese Yen

1.51%

Indian Rupee

1.48%

Malaysian Ringgit

0.90%

Norwegian Krone

0.85%

Euro

0.77%

Chilean Peso

0.74%

Sri Lankan Rupee

0.46%

South African Rand

0.45%

Swiss Franc

0.44%

Dominican Peso

0.27%

Argentine Peso

0.03%

Indonesian Rupiah

-0.01%

Canadian Dollar

-0.03%

Brazilian Real

-0.08%

Chinese Yuan Renminbi (Offshore)

-0.15%

Polish Zloty

-0.25%

Swedish Krona

-0.26%

New Turkish Lira

-0.52%

Australian Dollar

-0.58%

Colombian Peso

-0.74%

New Zealand Dollar

-0.77%

Mexican Peso

-1.22%

Taiwan New Dollar

-1.27%

Great British Pound

-1.99%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

8.89%

AA

0.83%

A

3.05%

BBB

13.95%

BB

28.65%

B

26.68%

CCC

5.09%

CC

0.55%

C

0.26%

D

0.15%

Not Rated

6.58%

Short Term Investments

0.79%

Reverse Repurchase Agreements

-1.59%

N/A

6.12%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

9.30%

1 to 5 years

41.94%

5 to 10 years

36.48%

10 to 20 years

6.57%

20 to 30 years

2.78%

More Than 30 years

0.66%

Other

2.27%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.42%

Average Bond Price:

99.47

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

29.33%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

29.33%

Average Maturity:

6.64  Years

Effective Duration:

4.37  Years

Total Net Assets:

$1,116.42 Million

Net Asset Value:

$12.95

Number of Holdings:

1341

Portfolio Turnover:

34%