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 Bonds 8.125%, 5/15/21

3.12%

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

2.61%

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

1.12%

4) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.618%, 1/25/37

0.84%

5) U.S. Treasury Notes 2.25%, 11/15/25

0.79%

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

0.70%

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

0.62%

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

0.59%

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

0.54%

10) Turkey Government Bond 8.30%, 6/20/18

0.51%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.50%

Communications - Media

5.64%

Energy

5.20%

Communications - Telecommunications

3.73%

Capital Goods

3.31%

Consumer Cyclical - Other

3.27%

Technology

2.77%

Basic

2.68%

Consumer Cyclical - Retailers

2.45%

Consumer Cyclical - Automotive

1.89%

Other Industrial

1.24%

Transportation - Services

0.86%

Consumer Cyclical - Entertainment

0.58%

Services

0.56%

Transportation - Airlines

0.44%

Consumer Cyclical - Restaurants

0.30%

Consumer Cyclical Services

0.11%

SUBTOTAL

42.53%

Credit Default Swaps

12.01%

SUBTOTAL

12.01%

Financial Institutions

Banking

3.94%

Finance

1.29%

Insurance

0.61%

Other Finance

0.57%

Brokerage

0.01%

SUBTOTAL

6.42%

Utility

Electric

1.51%

SUBTOTAL

1.51%

SUBTOTAL

62.47%

Collateralized Mortgage Obligations

Risk Share Floating Rate

7.32%

Non-Agency Fixed Rate

3.03%

Non-Agency Floating Rate

1.38%

SUBTOTAL

11.73%

Global Governments

10.43%

Corporates - Investment Grade

Industrial

Basic

1.56%

Energy

0.82%

Technology

0.51%

Capital Goods

0.38%

Communications - Media

0.27%

Transportation - Airlines

0.18%

Communications - Telecommunications

0.17%

Consumer Non-Cyclical

0.12%

Other Industrial

0.03%

Consumer Cyclical - Other

0.02%

SUBTOTAL

4.06%

Financial Institutions

Insurance

1.44%

Banking

0.89%

REITS

0.48%

Brokerage

0.17%

SUBTOTAL

2.98%

Credit Default Swaps

0.73%

SUBTOTAL

0.73%

Utility

Electric

0.38%

Natural Gas

0.11%

SUBTOTAL

0.49%

SUBTOTAL

8.26%

Total Return Swaps

6.55%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

4.04%

Credit Default Swaps

0.84%

Non-Agency Floating Rate CMBS

0.21%

SUBTOTAL

5.09%

Bank Loans

Industrial

Consumer Cyclical - Retailers

0.73%

Technology

0.51%

Consumer Non-Cyclical

0.50%

Consumer Cyclical - Other

0.47%

Other Industrial

0.44%

Consumer Cyclical - Entertainment

0.43%

Basic

0.39%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.65%

Utility

Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.87%

Emerging Markets - Sovereigns

3.68%

Emerging Markets - Treasuries

3.63%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.52%

Capital Goods

0.48%

Consumer Cyclical - Retailers

0.28%

Basic

0.26%

Transportation - Airlines

0.26%

Communications - Telecommunications

0.23%

SUBTOTAL

2.03%

Financial Institutions

Finance

0.10%

SUBTOTAL

0.10%

SUBTOTAL

2.13%

Governments - Sovereign Agencies

1.15%

Preferred Stocks

Financial Institutions

1.12%

Utility

0.03%

SUBTOTAL

1.15%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.69%

Home Equity Loans - Floating Rate

0.17%

Other ABS - Fixed Rate

0.11%

Autos - Fixed Rate

0.06%

SUBTOTAL

1.03%

Whole Loan Trusts

Performing Asset

0.94%

SUBTOTAL

0.94%

Common Stocks

0.77%

Interest Rate Futures

0.74%

Local Governments - Municipal Bonds

0.63%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.21%

SUBTOTAL

0.21%

Inflation-Linked Securities

0.20%

Local Governments - Regional Bonds

0.19%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Warrants

0.03%

Options Purchased - Puts

Options on Equity Indices

0.02%

SUBTOTAL

0.02%

Credit Default Swaptions Written

Call Options Written

-0.01%

SUBTOTAL

-0.01%

Currency Options Written

Put Options Written

-0.02%

Call Options Written

-0.07%

SUBTOTAL

-0.08%

Interest Rate Swaps

-0.08%

Currency Instruments

Forward Currency Exchange Contracts

-0.36%

SUBTOTAL

-0.36%

Reverse Repurchase Agreements

-6.53%

Net Cash Equivalents

Cash

1.99%

Investment Companies

0.20%

Emerging Markets - Sovereigns

0.16%

SUBTOTAL

2.35%

Derivative Offsets

Futures Offsets

-0.74%

Swaps Offsets

-19.61%

SUBTOTAL

-20.35%

Total

100.00%

Country Breakdown

Portfolio %

United States

69.00%

Brazil

5.15%

United Kingdom

3.20%

Canada

1.96%

Mexico

1.83%

Luxembourg

1.47%

Ireland

1.43%

Dominican Republic

1.30%

France

1.30%

Netherlands

1.07%

Switzerland

1.05%

Italy

0.90%

Argentina

0.87%

Germany

0.82%

Turkey

0.73%

Colombia

0.72%

Ivory Coast

0.69%

United Arab Emirates

0.63%

Indonesia

0.60%

Bermuda

0.49%

Venezuela

0.45%

South Africa

0.42%

Spain

0.41%

Croatia

0.37%

Jamaica

0.30%

Ghana

0.28%

Australia

0.27%

Angola

0.22%

New Zealand

0.21%

Barbados

0.21%

Macau

0.20%

Portugal

0.20%

Trinidad & Tobago

0.17%

Pakistan

0.13%

Zambia

0.13%

India

0.12%

Sri Lanka

0.10%

Denmark

0.09%

Guatemala

0.08%

El Salvador

0.07%

Peru

0.07%

Kenya

0.06%

Sweden

0.06%

Chile

0.05%

Finland

0.05%

Norway

0.03%

Serbia

0.03%

Cayman Islands

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

92.01%

Brazilian Real

2.75%

Russian Rubles

2.32%

Mexican Peso

1.74%

New Turkish Lira

1.72%

Indian Rupee

1.71%

Indonesian Rupiah

0.55%

Dominican Peso

0.54%

Argentine Peso

0.48%

Euro

0.26%

Hungarian Forint

0.17%

Colombian Peso

0.14%

Australian Dollar

0.02%

Canadian Dollar

0.02%

Swedish Krona

0.02%

Norwegian Krone

0.01%

South African Rand

0.01%

Swiss Franc

-0.01%

Singapore Dollar

-0.52%

Great British Pound

-1.04%

Taiwan New Dollar

-2.90%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

2.54%

AA

0.82%

A

2.70%

BBB

13.37%

BB

30.83%

B

23.83%

CCC

10.00%

CC

1.42%

C

0.16%

D

0.83%

Not Rated

10.01%

Short Term Investments

0.37%

N/A

3.12%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

3.94%

1 to 5 years

35.28%

5 to 10 years

44.73%

10 to 20 years

8.41%

20 to 30 years

5.47%

More than 30 years

1.37%

Other

0.80%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.55%

Average Bond Price :

98.63

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

35.76%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

35.76%

Average Maturity:

7.64 Years

Effective Duration:

4.67 Years

Total Net Assets:

$1,121.13 Million

Net Asset Value:

$13.00

Number of Holdings:

1208

Portfolio Turnover:

48%