AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

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

2.54%

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

2.40%

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

1.87%

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

1.68%

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

0.73%

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

0.61%

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

0.61%

8) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.686%, 1/25/37 

0.58%

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

0.55%

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

0.53%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

6.37%

Communications - Media

4.20%

Basic

3.52%

Consumer Non-Cyclical

3.28%

Communications - Telecommunications

2.64%

Consumer Cyclical - Other

2.27%

Capital Goods

1.64%

Services

1.62%

Consumer Cyclical - Automotive

1.49%

Technology

1.46%

Transportation - Services

0.83%

Consumer Cyclical - Retailers

0.74%

Other Industrial

0.70%

Consumer Cyclical - Entertainment

0.35%

Consumer Cyclical - Restaurants

0.18%

SUBTOTAL

31.29%

Credit Default Swaps

13.20%

SUBTOTAL

13.20%

Financial Institutions

Banking

4.40%

Finance

1.29%

Insurance

0.80%

Other Finance

0.50%

REITS

0.21%

Brokerage

0.14%

SUBTOTAL

7.34%

Utility

Electric

0.86%

Natural Gas

0.17%

SUBTOTAL

1.03%

SUBTOTAL

52.86%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.66%

Non-Agency Fixed Rate

0.95%

Non-Agency Floating Rate

0.93%

SUBTOTAL

11.54%

Global Governments

10.35%

Interest Rate Futures

9.18%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

6.11%

Credit Default Swaps

1.54%

SUBTOTAL

7.65%

Commercial Mortgage-Backed Securities

Credit Default Swaps

5.39%

Non-Agency Fixed Rate CMBS

1.91%

Non-Agency Floating Rate CMBS

0.17%

SUBTOTAL

7.47%

Corporates - Investment Grade

Financial Institutions

Banking

1.83%

Insurance

1.82%

REITS

0.31%

SUBTOTAL

3.96%

Industrial

Basic

0.67%

Technology

0.49%

Energy

0.39%

Communications - Telecommunications

0.25%

Capital Goods

0.24%

Consumer Non-Cyclical

0.19%

Other Industrial

0.15%

Communications - Media

0.14%

Consumer Cyclical - Automotive

0.09%

Consumer Cyclical - Other

0.08%

Services

0.06%

Transportation - Airlines

0.03%

SUBTOTAL

2.78%

Utility

Electric

0.02%

SUBTOTAL

0.02%

SUBTOTAL

0.00%

SUBTOTAL

6.76%

Total Return Swaps

4.95%

Emerging Markets - Treasuries

4.31%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.89%

Basic

0.81%

Energy

0.63%

Communications - Telecommunications

0.43%

Consumer Cyclical - Other

0.20%

Capital Goods

0.17%

Transportation - Services

0.16%

Technology

0.06%

Consumer Cyclical - Retailers

0.06%

Transportation - Airlines

0.03%

SUBTOTAL

3.44%

Financial Institutions

Banking

0.44%

Finance

0.05%

Insurance

0.01%

SUBTOTAL

0.50%

Utility

Electric

0.28%

SUBTOTAL

0.28%

SUBTOTAL

4.22%

Bank Loans

Industrial

Consumer Non-Cyclical

1.12%

Capital Goods

0.48%

Services

0.46%

Energy

0.40%

Technology

0.36%

Consumer Cyclical - Retailers

0.25%

Consumer Cyclical - Other

0.23%

Other Industrial

0.14%

Communications - Telecommunications

0.11%

Consumer Cyclical - Entertainment

0.09%

Basic

0.05%

Consumer Cyclical - Automotive

0.03%

Consumer Cyclical - Restaurants

0.02%

SUBTOTAL

3.74%

SUBTOTAL

3.74%

Investment Companies

Funds and Investment Trusts

2.08%

SUBTOTAL

2.08%

Common Stocks

1.93%

Asset-Backed Securities

Other ABS - Fixed Rate

0.98%

Home Equity Loans - Fixed Rate

0.35%

Autos - Fixed Rate

0.10%

Home Equity Loans - Floating Rate

0.01%

SUBTOTAL

1.44%

Local Governments - US Municipal Bonds

0.49%

Preferred Stocks

Financial Institutions

0.29%

Utility

0.02%

SUBTOTAL

0.31%

Inflation-Linked Securities

0.28%

Local Governments - Regional Bonds

0.27%

Interest Rate Swaps

0.23%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.20%

SUBTOTAL

0.20%

Options Purchased - Calls

Options on Forward Contracts

0.16%

SUBTOTAL

0.16%

Collateralized Loan Obligations

CLO - Floating Rate

0.09%

SUBTOTAL

0.09%

Whole Loan Trusts

Performing Asset

0.04%

SUBTOTAL

0.04%

Options Purchased - Puts

Options on Forward Contracts

0.03%

SUBTOTAL

0.03%

Put Options Written

-0.03%

Call Options Written

-0.13%

Currency Instruments

Forward Currency Exchange Contracts

-0.21%

SUBTOTAL

-0.21%

Reverse Repurchase Agreements

-0.94%

Equity Futures

Equity Index Futures

-1.58%

SUBTOTAL

-1.58%

Net Cash Equivalents

Investment Companies

3.72%

Cash

2.64%

Bank Loans

0.03%

SUBTOTAL

6.39%

Derivative Offsets

Futures Offsets

-7.36%

Swaps Offsets

-26.72%

SUBTOTAL

-34.08%

Total

100.00%

Country Breakdown

Portfolio %

United States

67.92%

Brazil

4.44%

United Kingdom

2.27%

Canada

1.83%

France

1.70%

Netherlands

1.52%

Luxembourg

1.42%

Argentina

1.26%

Dominican Republic

1.16%

Turkey

1.15%

Italy

1.08%

Spain

1.01%

Ireland

0.91%

Switzerland

0.86%

Mexico

0.76%

Colombia

0.67%

Ivory Coast

0.51%

Nigeria

0.49%

India

0.48%

Ukraine

0.47%

South Africa

0.44%

Russia

0.42%

Zambia

0.39%

Indonesia

0.36%

Jamaica

0.36%

Cayman Islands

0.35%

United Arab Emirates

0.33%

Egypt

0.28%

Gabon

0.26%

Denmark

0.25%

Sri Lanka

0.25%

Angola

0.24%

Lebanon

0.24%

Ghana

0.24%

Mongolia

0.23%

Honduras

0.23%

Germany

0.23%

Malaysia

0.21%

Norway

0.20%

Israel

0.19%

Guatemala

0.18%

Sweden

0.18%

Venezuela

0.18%

Bahrain

0.17%

Ecuador

0.16%

Macau

0.16%

Kenya

0.15%

El Salvador

0.13%

Costa Rica

0.13%

Cameroon

0.12%

Uruguay

0.11%

Kazakhstan

0.10%

Peru

0.09%

Trinidad & Tobago

0.08%

Australia

0.08%

Senegal

0.08%

Iraq

0.06%

Jordan

0.05%

Finland

0.05%

China

0.05%

Belgium

0.03%

Chile

0.03%

Jersey (Channel Islands)

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

96.27%

South Korean Won

2.56%

Australian Dollar

1.91%

Taiwan New Dollar

1.04%

Norwegian Krone

0.87%

Chilean Peso

0.78%

Argentine Peso

0.62%

Japanese Yen

0.47%

Euro

0.39%

Brazilian Real

0.34%

Dominican Peso

0.28%

Swedish Krona

0.28%

Malaysian Ringgit

0.21%

Indian Rupee

0.04%

Colombian Peso

-0.01%

Great British Pound

-0.02%

Chinese Yuan Renminbi (Offshore)

-0.18%

New Turkish Lira

-0.26%

Polish Zloty

-0.27%

Mexican Peso

-0.79%

Canadian Dollar

-1.03%

South African Rand

-1.07%

Swiss Franc

-2.43%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

9.00%

AA

0.90%

A

2.42%

BBB

14.27%

BB

28.07%

B

25.20%

CCC

4.93%

CC

0.33%

C

0.32%

D

0.14%

Not Rated

5.78%

Short Term Investments

3.75%

Reverse Repurchase Agreements

-0.94%

N/A

5.83%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-9.05%

1 to 5 years

57.87%

5 to 10 years

39.18%

10 to 20 years

6.17%

20 to 30 years

2.70%

More Than 30 years

1.20%

Other

1.93%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.36%

Average Bond Price:

97.05

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

38.46%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

38.46%

Average Maturity:

6.81  Years

Effective Duration:

3.83  Years

Total Net Assets:

$1,068.22 Million

Net Asset Value:

$12.38

Number of Holdings:

1308

Portfolio Turnover:

34%

* 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.