AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Notes 1.25%, 1/31/20

12.24%

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

3.18%

3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 - 1/01/25

2.13%

4) Wachovia Mortgage Loan Trust Series 2006-ALT1 Series 2006-ALT1, Class A2 0.373%, 1/25/37

0.99%

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

0.69%

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

0.59%

7) Ivory Coast Government International Bond 5.75%, 12/31/32

0.59%

8) El Salvador Government International Bond 7.65%, 6/15/35

0.56%

9) Dominican Republic International Bond 16.00%, 7/10/20

0.56%

10) U.S. Treasury Bonds 5.00%, 5/15/37

0.44%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

6.93%

Communications - Media

5.98%

Energy

5.20%

Capital Goods

3.92%

Consumer Cyclical - Other

3.53%

Communications - Telecommunications

3.24%

Technology

3.22%

Basic

2.78%

Consumer Cyclical - Retailers

2.61%

Consumer Cyclical - Automotive

1.89%

Other Industrial

1.18%

Transportation - Services

0.78%

Consumer Cyclical - Entertainment

0.60%

Services

0.59%

Transportation - Airlines

0.46%

Consumer Cyclical - Restaurants

0.40%

SUBTOTAL

43.31%

Financial Institutions

Banking

4.47%

Finance

1.37%

Insurance

0.66%

Other Finance

0.63%

REITS

0.28%

Brokerage

0.26%

SUBTOTAL

7.67%

Credit Default Swaps

3.33%

SUBTOTAL

3.33%

Utility

Electric

1.81%

SUBTOTAL

1.81%

SUBTOTAL

56.12%

Global Governments

22.57%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.86%

Non-Agency Fixed Rate

3.50%

Non-Agency Floating Rate

3.07%

SUBTOTAL

10.43%

Corporates - Investment Grade

Industrial

Basic

1.68%

Energy

0.57%

Communications - Media

0.42%

Communications - Telecommunications

0.28%

Other Industrial

0.20%

Transportation - Airlines

0.17%

Capital Goods

0.16%

Consumer Non-Cyclical

0.11%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.61%

Financial Institutions

Insurance

1.46%

Banking

1.06%

REITS

0.49%

Finance

0.39%

Brokerage

0.10%

SUBTOTAL

3.50%

Credit Default Swaps

0.73%

SUBTOTAL

0.73%

Utility

Electric

0.40%

Natural Gas

0.11%

SUBTOTAL

0.51%

SUBTOTAL

8.35%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.09%

Credit Default Swaps

0.87%

Non-Agency Floating Rate CMBS

0.19%

SUBTOTAL

4.15%

Bank Loans

Industrial

Other Industrial

0.53%

Consumer Cyclical - Retailers

0.50%

Basic

0.44%

Consumer Cyclical - Other

0.37%

Consumer Cyclical - Entertainment

0.24%

Technology

0.24%

Consumer Non-Cyclical

0.23%

Communications - Media

0.19%

Energy

0.18%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.08%

SUBTOTAL

3.11%

Utility

Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.33%

Emerging Markets - Sovereigns

3.27%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.74%

Capital Goods

0.50%

Basic

0.39%

Consumer Cyclical - Retailers

0.31%

Transportation - Airlines

0.25%

Communications - Telecommunications

0.19%

Communications - Media

0.15%

Consumer Cyclical - Other

0.03%

SUBTOTAL

2.56%

Utility

Electric

0.15%

SUBTOTAL

0.15%

Financial Institutions

Finance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

2.80%

Interest Rate Swaps - SIFMA

2.65%

Preferred Stocks

Financial Institutions

2.01%

Utility

0.03%

Industrial

0.01%

SUBTOTAL

2.05%

Governments - Sovereign Agencies

1.40%

Local Governments - Municipal Bonds

1.03%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.78%

Home Equity Loans - Floating Rate

0.19%

SUBTOTAL

0.97%

Whole Loan Trusts

Performing Asset

0.84%

SUBTOTAL

0.84%

Common Stocks

0.77%

Emerging Markets - Treasuries

0.72%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.43%

SUBTOTAL

0.43%

Currency Instruments

Forward Currency Exchange Contracts

0.30%

SUBTOTAL

0.30%

Total Return Swaps

0.27%

Investment Companies

Funds and Investment Trusts

0.26%

SUBTOTAL

0.26%

Agencies

Agency Subordinated

0.14%

SUBTOTAL

0.14%

Inflation-Linked Securities

0.07%

Warrants

0.05%

Options Purchased - Puts

Swaptions

0.02%

SUBTOTAL

0.02%

Put Options Written

-0.01%

Interest Rate Futures

-11.43%

Reverse Repurchase Agreements

-18.28%

Net Cash Equivalents

Cash

2.50%

Investment Companies

0.78%

SUBTOTAL

3.28%

Derivative Offsets

Futures Offsets

11.34%

Swaps Offsets

-7.89%

SUBTOTAL

3.45%

100.00%

Country Breakdown

Portfolio %

United States

71.42%

Brazil

4.06%

United Kingdom

3.32%

Canada

1.68%

France

1.61%

Mexico

1.47%

Ireland

1.42%

Netherlands

1.34%

Dominican Republic

1.23%

Luxembourg

1.01%

Germany

0.90%

South Africa

0.75%

Switzerland

0.72%

Italy

0.68%

Ivory Coast

0.59%

United Arab Emirates

0.58%

El Salvador

0.54%

Indonesia

0.50%

Bermuda

0.46%

Colombia

0.42%

Spain

0.38%

Venezuela

0.37%

Croatia

0.34%

India

0.27%

Philippines

0.26%

Australia

0.25%

Hong Kong

0.24%

New Zealand

0.23%

Jamaica

0.23%

Portugal

0.22%

Turkey

0.21%

Barbados

0.19%

Kazakhstan

0.17%

Macau

0.17%

Trinidad & Tobago

0.15%

Norway

0.14%

Bahrain

0.14%

Bulgaria

0.13%

Pakistan

0.12%

Ghana

0.12%

Lebanon

0.11%

Zambia

0.11%

Denmark

0.09%

Sweden

0.09%

Belgium

0.09%

Sri Lanka

0.09%

Guatemala

0.08%

Peru

0.07%

Uruguay

0.06%

Chile

0.05%

Kenya

0.05%

Morocco

0.05%

Serbia

0.03%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

97.30%

Japanese Yen

3.08%

Dominican Peso

0.56%

New Turkish Lira

0.48%

Brazilian Real

0.41%

Philippine Peso

0.30%

Indian Rupee

0.27%

Indonesian Rupiah

0.17%

Hungarian Forint

0.17%

Uruguayan Peso

0.07%

Mexican Peso

0.02%

Colombian Peso

-0.02%

Norwegian Krone

-0.02%

Great British Pound

-0.04%

Canadian Dollar

-0.15%

Taiwan New Dollar

-0.50%

Euro

-2.10%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

0.41%

AA

0.66%

A

2.26%

BBB

15.99%

BB

27.90%

B

24.27%

CCC

12.88%

CC

1.08%

C

0.03%

D

0.70%

Not Rated

7.45%

Short Term Investments

0.78%

N/A

5.59%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-10.10%

1 to 5 years

45.52%

5 to 10 years

47.99%

10 to 20 years

8.45%

20 to 30 years

5.43%

More than 30 years

1.89%

Other

0.82%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.15%

Average Bond Price :

96.48

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

26.74%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

26.74%*

Average Maturity:

8.59 Years

Effective Duration:

4.98 Years

Total Net Assets:

$1,117.91 Million

Net Asset Value:

$12.96

Number of Holdings:

1143

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.