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 0.875%, 4/15/19

5.48%

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

3.03%

3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27

2.92%

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

1.10%

5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.667%, 1/25/37

0.85%

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

0.79%

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

0.71%

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

0.62%

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

0.60%

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

0.51%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.17%

Communications - Media

5.07%

Energy

5.04%

Communications - Telecommunications

3.72%

Capital Goods

3.23%

Consumer Cyclical - Other

3.14%

Basic

2.91%

Technology

2.60%

Consumer Cyclical - Retailers

1.88%

Consumer Cyclical - Automotive

1.61%

Other Industrial

1.03%

Transportation - Services

0.87%

Services

0.68%

Consumer Cyclical - Entertainment

0.56%

Transportation - Airlines

0.42%

Consumer Cyclical - Restaurants

0.28%

SUBTOTAL

40.21%

Credit Default Swaps

11.40%

SUBTOTAL

11.40%

Financial Institutions

Banking

2.71%

Finance

0.92%

Other Finance

0.46%

Insurance

0.36%

REITS

0.03%

Brokerage

0.01%

SUBTOTAL

4.49%

Utility

Electric

1.49%

SUBTOTAL

1.49%

SUBTOTAL

57.59%

Global Governments

15.86%

Collateralized Mortgage Obligations

Risk Share Floating Rate

8.83%

Non-Agency Fixed Rate

2.79%

Non-Agency Floating Rate

1.32%

SUBTOTAL

12.94%

Corporates - Investment Grade

Industrial

Basic

1.61%

Technology

0.79%

Energy

0.63%

Capital Goods

0.39%

Communications - Media

0.27%

Communications - Telecommunications

0.17%

Transportation - Airlines

0.17%

Consumer Non-Cyclical

0.12%

Other Industrial

0.03%

Consumer Cyclical - Other

0.02%

SUBTOTAL

4.20%

Financial Institutions

Insurance

1.29%

Banking

0.52%

REITS

0.47%

Finance

0.28%

Brokerage

0.17%

SUBTOTAL

2.73%

Credit Default Swaps

0.71%

SUBTOTAL

0.71%

Utility

Electric

0.38%

Natural Gas

0.11%

SUBTOTAL

0.49%

SUBTOTAL

8.13%

Total Return Swaps

6.41%

Interest Rate Futures

5.51%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.93%

Credit Default Swaps

0.82%

Non-Agency Floating Rate CMBS

0.21%

SUBTOTAL

4.96%

Emerging Markets - Sovereigns

3.81%

Emerging Markets - Treasuries

3.71%

Bank Loans

Industrial

Technology

0.60%

Consumer Non-Cyclical

0.59%

Consumer Cyclical - Retailers

0.58%

Consumer Cyclical - Other

0.45%

Other Industrial

0.39%

Basic

0.27%

Consumer Cyclical - Entertainment

0.24%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.30%

Utility

Electric

0.17%

SUBTOTAL

0.17%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.51%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.40%

Transportation - Airlines

0.28%

Consumer Cyclical - Retailers

0.27%

Communications - Telecommunications

0.24%

Basic

0.20%

Capital Goods

0.19%

SUBTOTAL

1.58%

Financial Institutions

Finance

0.11%

SUBTOTAL

0.11%

SUBTOTAL

1.69%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.67%

Other ABS - Fixed Rate

0.17%

Home Equity Loans - Floating Rate

0.16%

Other ABS - Floating Rate

0.12%

Autos - Fixed Rate

0.06%

SUBTOTAL

1.18%

Governments - Sovereign Agencies

1.00%

Whole Loan Trusts

Performing Asset

0.90%

SUBTOTAL

0.90%

Common Stocks

0.69%

Local Governments - Municipal Bonds

0.60%

Preferred Stocks

Financial Institutions

0.55%

Utility

0.03%

SUBTOTAL

0.58%

Equity Futures

Equity Index Futures

0.45%

SUBTOTAL

0.45%

Local Governments - Regional Bonds

0.27%

Inflation-Linked Securities

0.22%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.22%

SUBTOTAL

0.22%

Investment Companies

Funds and Investment Trusts

0.17%

SUBTOTAL

0.17%

Warrants

0.03%

Options Purchased - Puts

Options on Equities

0.01%

SUBTOTAL

0.01%

Put Options Written

-0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.06%

SUBTOTAL

-0.06%

Interest Rate Swaps

-0.06%

Reverse Repurchase Agreements

-9.71%

Net Cash Equivalents

Investment Companies

2.04%

Cash

1.85%

Emerging Markets - Sovereigns

0.10%

SUBTOTAL

3.99%

Derivative Offsets

Futures Offsets

-5.92%

Swaps Offsets

-18.67%

SUBTOTAL

-24.59%

Total 

100.00%

Country Breakdown

Portfolio %

United States

71.34%

Brazil

5.26%

United Kingdom

2.98%

Canada

2.21%

Mexico

1.34%

Ireland

1.32%

Luxembourg

1.32%

Dominican Republic

1.18%

France

1.17%

Indonesia

1.02%

Argentina

0.87%

Switzerland

0.83%

Netherlands

0.81%

Italy

0.75%

Ivory Coast

0.68%

Turkey

0.66%

Colombia

0.65%

United Arab Emirates

0.57%

Venezuela

0.48%

Germany

0.47%

South Africa

0.41%

Croatia

0.36%

Spain

0.34%

Jamaica

0.30%

Ghana

0.21%

Barbados

0.20%

New Zealand

0.20%

Australia

0.20%

Angola

0.19%

Portugal

0.19%

Trinidad & Tobago

0.17%

Gabon

0.15%

Zambia

0.13%

Pakistan

0.13%

India

0.12%

Macau

0.10%

Sri Lanka

0.10%

Guatemala

0.08%

Cayman Islands

0.08%

Denmark

0.08%

El Salvador

0.07%

Peru

0.07%

Kenya

0.06%

Chile

0.05%

Finland

0.05%

Serbia

0.03%

Norway

0.02%

Total

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

98.39%

Mexican Peso

1.97%

Indian Rupee

1.52%

New Turkish Lira

1.45%

South African Rand

1.31%

Russian Rubles

1.20%

Brazilian Real

1.14%

Indonesian Rupiah

0.55%

Dominican Peso

0.51%

Argentine Peso

0.47%

Colombian Peso

0.44%

Swedish Krona

-0.01%

Great British Pound

-0.04%

Swiss Franc

-0.48%

Singapore Dollar

-0.51%

Euro

-0.54%

Australian Dollar

-0.96%

Taiwan New Dollar

-0.98%

Japanese Yen

-0.98%

Norwegian Krone

-0.99%

Canadian Dollar

-1.43%

Chinese Yuan Renminbi (Offshore)

-2.03%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

4.34%

AA

0.82%

A

2.17%

BBB

13.11%

BB

27.72%

B

22.97%

CCC

10.06%

CC

1.14%

C

0.27%

D

1.21%

Not Rated

11.21%

Short Term Investments

2.14%

N/A

2.84%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.71%

1 to 5 years

43.27%

5 to 10 years

37.80%

10 to 20 years

9.54%

20 to 30 years

5.64%

More than 30 years

1.33%

Other

0.71%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.31%

Average Bond Price :

100.66

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

36.31%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

36.31%

Average Effective Maturity:

7.54 Years

Effective Duration:

4.77 Years

Total Net Assets:

$1,155.74 Million

Net Asset Value:

$13.40

Number of Holdings:

1183

Portfolio Turnover:

42%

* 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.