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 

2.51%

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

2.29%

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

1.79%

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

1.60%

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

0.69%

6) Colombian TES Series B 10.00%, 7/24/24 

0.62%

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

0.59%

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

0.58%

9) Wachovia Mortgage Loan Trust Series 2006-ALT1, Class A2 2.669%, 1/25/37 

0.55%

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

0.53%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

6.00%

Communications - Media

3.72%

Consumer Non-Cyclical

3.13%

Basic

2.78%

Communications - Telecommunications

2.47%

Consumer Cyclical - Other

2.28%

Technology

1.66%

Services

1.58%

Consumer Cyclical - Automotive

1.45%

Capital Goods

1.42%

Transportation - Services

0.80%

Other Industrial

0.54%

Consumer Cyclical - Retailers

0.51%

Consumer Cyclical - Entertainment

0.21%

Consumer Cyclical - Restaurants

0.18%

SUBTOTAL

28.73%

Credit Default Swaps

13.51%

SUBTOTAL

13.51%

Financial Institutions

Banking

4.24%

Finance

1.30%

Insurance

0.81%

Other Finance

0.51%

REITS

0.31%

Brokerage

0.14%

SUBTOTAL

7.31%

Utility

Electric

0.82%

Natural Gas

0.17%

SUBTOTAL

0.99%

SUBTOTAL

50.54%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.30%

Non-Agency Fixed Rate

0.89%

Non-Agency Floating Rate

0.88%

SUBTOTAL

11.07%

Global Governments

10.15%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

7.11%

Credit Default Swaps

1.45%

SUBTOTAL

8.56%

Interest Rate Futures

8.20%

Commercial Mortgage-Backed Securities

Credit Default Swaps

5.45%

Non-Agency Fixed Rate CMBS

1.86%

Non-Agency Floating Rate CMBS

0.16%

SUBTOTAL

7.47%

Corporates - Investment Grade

Financial Institutions

Banking

1.87%

Insurance

1.56%

REITS

0.30%

SUBTOTAL

3.73%

Industrial

Technology

0.50%

Basic

0.45%

Consumer Non-Cyclical

0.36%

Energy

0.33%

Capital Goods

0.25%

Communications - Telecommunications

0.24%

Other Industrial

0.15%

Consumer Cyclical - Entertainment

0.14%

Communications - Media

0.14%

Consumer Cyclical - Other

0.08%

Consumer Cyclical - Automotive

0.08%

Services

0.06%

Transportation - Airlines

0.01%

SUBTOTAL

2.79%

Utility

Electric

0.02%

SUBTOTAL

0.02%

SUBTOTAL

6.54%

Total Return Swaps

5.77%

Emerging Markets - Treasuries

3.86%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.86%

Basic

0.68%

Energy

0.58%

Communications - Telecommunications

0.36%

Consumer Cyclical - Other

0.20%

Transportation - Services

0.16%

Capital Goods

0.14%

Consumer Cyclical - Retailers

0.05%

Transportation - Airlines

0.03%

SUBTOTAL

3.06%

Financial Institutions

Banking

0.24%

REITS

0.23%

Finance

0.05%

Insurance

0.01%

SUBTOTAL

0.53%

Utility

Electric

0.25%

SUBTOTAL

0.25%

SUBTOTAL

3.84%

Bank Loans

Industrial

Consumer Non-Cyclical

1.28%

Capital Goods

0.48%

Energy

0.39%

Services

0.37%

Technology

0.37%

Consumer Cyclical - Other

0.23%

Consumer Cyclical - Retailers

0.23%

Other Industrial

0.17%

Communications - Telecommunications

0.11%

Consumer Cyclical - Entertainment

0.09%

Basic

0.04%

Consumer Cyclical - Automotive

0.03%

Consumer Cyclical - Restaurants

0.02%

SUBTOTAL

3.81%

SUBTOTAL

3.81%

Common Stocks

1.84%

Asset-Backed Securities

Other ABS - Fixed Rate

0.82%

Home Equity Loans - Fixed Rate

0.34%

Autos - Fixed Rate

0.09%

Home Equity Loans - Floating Rate

0.01%

SUBTOTAL

1.26%

Investment Companies

Funds and Investment Trusts

0.48%

SUBTOTAL

0.48%

Local Governments - US Municipal Bonds

0.47%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.35%

SUBTOTAL

0.35%

Preferred Stocks

Financial Institutions

0.28%

Utility

0.02%

SUBTOTAL

0.30%

Inflation-Linked Securities

0.28%

Local Governments - Regional Bonds

0.26%

Interest Rate Swaps

0.22%

Collateralized Loan Obligations

CLO - Floating Rate

0.09%

SUBTOTAL

0.09%

Whole Loan Trusts

Performing Asset

0.03%

SUBTOTAL

0.03%

Options Purchased - Puts

Options on Forward Contracts

0.02%

SUBTOTAL

0.02%

Warrants

0.01%

Call Options Written

-0.01%

Put Options Written

-0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.04%

SUBTOTAL

-0.04%

Reverse Repurchase Agreements

-0.71%

Net Cash Equivalents

Investment Companies

8.57%

Cash

1.43%

Foreign Currency

-0.01%

SUBTOTAL

9.99%

Derivative Offsets

Futures Offsets

-8.23%

Swaps Offsets

-26.41%

SUBTOTAL

-34.64%

Total

100.00%

Country Breakdown

Portfolio %

United States

68.79%

Brazil

4.24%

United Kingdom

2.08%

France

1.65%

Luxembourg

1.44%

Netherlands

1.42%

Canada

1.39%

Colombia

1.12%

Dominican Republic

1.09%

Italy

1.07%

Turkey

1.05%

Spain

1.00%

Argentina

0.93%

Switzerland

0.86%

Ireland

0.67%

Mexico

0.54%

Egypt

0.51%

Ukraine

0.48%

Kenya

0.45%

Nigeria

0.45%

Ivory Coast

0.43%

Russia

0.42%

Zambia

0.42%

India

0.35%

Bahrain

0.35%

Angola

0.33%

Jamaica

0.32%

United Arab Emirates

0.32%

South Africa

0.32%

Ecuador

0.29%

Cayman Islands

0.28%

Gabon

0.27%

Bermuda

0.25%

Denmark

0.25%

Senegal

0.24%

Mongolia

0.24%

Sweden

0.23%

Honduras

0.23%

China

0.23%

Venezuela

0.23%

Lebanon

0.23%

Germany

0.23%

Malaysia

0.21%

Norway

0.21%

Israel

0.20%

Macau

0.16%

Guatemala

0.13%

Costa Rica

0.13%

El Salvador

0.13%

Cameroon

0.12%

Uruguay

0.11%

Kazakhstan

0.10%

Indonesia

0.09%

Oman

0.09%

Sri Lanka

0.09%

Peru

0.09%

Ghana

0.08%

Trinidad & Tobago

0.08%

Iraq

0.06%

Jordan

0.06%

Finland

0.05%

Virgin Islands (BVI)

0.05%

Chile

0.03%

Australia

0.02%

Jersey (Channel Islands)

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

96.97%

South Korean Won

2.24%

Australian Dollar

1.38%

Polish Zloty

0.97%

Brazilian Real

0.86%

New Turkish Lira

0.73%

Norwegian Krone

0.60%

Great British Pound

0.55%

Argentine Peso

0.54%

Chilean Peso

0.50%

Dominican Peso

0.21%

Malaysian Ringgit

0.21%

Uruguayan Peso

0.11%

South African Rand

-0.01%

Colombian Peso

-0.03%

Chinese Yuan Renminbi (Offshore)

-0.18%

New Zealand Dollar

-0.49%

Indian Rupee

-0.50%

Euro

-0.68%

Swiss Franc

-0.77%

Canadian Dollar

-0.99%

Israeli New Shekel

-0.99%

Japanese Yen

-1.23%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

8.06%

AA

0.92%

A

2.50%

BBB

14.24%

BB

26.94%

B

23.88%

CCC

4.59%

CC

0.41%

C

0.30%

D

0.04%

Not Rated

6.52%

Short Term Investments

8.57%

Reverse Repurchase Agreements

-0.71%

N/A

3.74%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

17.35%

1 to 5 years

41.35%

5 to 10 years

31.64%

10 to 20 years

5.05%

20 to 30 years

2.32%

More Than 30 years

0.44%

Other

1.85%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.04%

Average Bond Price:

100.82

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

38.72%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

38.72%

Average Maturity:

5.30  Years

Effective Duration:

3.93  Years

Total Net Assets:

$1,118.26 Million

Net Asset Value:

$12.97

Number of Holdings:

1216

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.

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.