AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

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

3.55%

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

3.54%

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

2.69%

4) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27 

1.07%

5) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 

0.97%

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

0.92%

7) Mexican Bonos Series M 6.50%, 6/10/21 

0.88%

8) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27 

0.75%

9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.396%, 1/25/37 

0.70%

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

0.62%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Communications - Media

4.37%

Consumer Non-Cyclical

4.16%

Energy

3.45%

Communications - Telecommunications

3.03%

Basic

2.97%

Consumer Cyclical - Other

2.86%

Capital Goods

1.98%

Technology

1.56%

Services

1.52%

Other Industrial

1.17%

Transportation - Services

1.12%

Consumer Cyclical - Retailers

1.11%

Consumer Cyclical - Automotive

1.02%

Consumer Cyclical - Entertainment

0.28%

Consumer Cyclical - Restaurants

0.19%

Transportation - Airlines

0.10%

SUBTOTAL

30.89%

Financial Institutions

Banking

3.21%

Finance

0.97%

Insurance

0.38%

Other Finance

0.34%

Brokerage

0.14%

REITS

0.04%

SUBTOTAL

5.08%

Utility

Electric

1.12%

Natural Gas

0.02%

SUBTOTAL

1.14%

Credit Default Swaps

0.87%

SUBTOTAL

0.87%

Performing Asset

Other Finance

0.03%

SUBTOTAL

0.03%

SUBTOTAL

38.01%

Global Governments

15.70%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.08%

Non-Agency Fixed Rate

1.85%

Non-Agency Floating Rate

1.13%

SUBTOTAL

12.06%

Corporates - Investment Grade

Industrial

Basic

0.86%

Energy

0.71%

Technology

0.56%

Communications - Telecommunications

0.44%

Communications - Media

0.43%

Capital Goods

0.26%

Consumer Cyclical - Automotive

0.23%

Consumer Cyclical - Other

0.15%

Transportation - Airlines

0.08%

Services

0.06%

Consumer Non-Cyclical

0.03%

SUBTOTAL

3.81%

Financial Institutions

Banking

1.37%

Insurance

1.06%

REITS

0.67%

Brokerage

0.16%

Finance

0.02%

SUBTOTAL

3.28%

Credit Default Swaps

0.92%

SUBTOTAL

0.92%

Utility

Electric

0.12%

SUBTOTAL

0.12%

SUBTOTAL

8.13%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.36%

Non-Agency Fixed Rate CMBS

2.51%

Non-Agency Floating Rate CMBS

0.20%

SUBTOTAL

7.07%

Emerging Markets - Sovereigns

6.84%

Interest Rate Futures

6.36%

Emerging Markets - Treasuries

6.09%

Total Return Swaps

4.88%

Emerging Markets - Corporate Bonds

Industrial

Basic

0.84%

Energy

0.83%

Communications - Telecommunications

0.59%

Consumer Non-Cyclical

0.44%

Capital Goods

0.26%

Transportation - Airlines

0.21%

Consumer Cyclical - Other

0.21%

Transportation - Services

0.14%

Other Industrial

0.06%

Technology

0.05%

Consumer Cyclical - Retailers

0.03%

SUBTOTAL

3.66%

Financial Institutions

Banking

0.27%

Insurance

0.07%

Finance

0.05%

Other Finance

0.04%

SUBTOTAL

0.43%

SUBTOTAL

4.09%

Bank Loans

Industrial

Technology

0.52%

Consumer Non-Cyclical

0.47%

Consumer Cyclical - Retailers

0.47%

Energy

0.24%

Capital Goods

0.23%

Consumer Cyclical - Other

0.22%

Consumer Cyclical - Entertainment

0.19%

Other Industrial

0.12%

Services

0.09%

Basic

0.08%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

2.70%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

2.74%

Interest Rate Swaps

2.51%

Preferred Stocks

Financial Institutions

0.78%

Industrial

0.66%

Utility

0.03%

SUBTOTAL

1.47%

Inflation-Linked Securities

1.23%

Common Stocks

1.20%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.68%

Other ABS - Fixed Rate

0.41%

Autos - Fixed Rate

0.06%

Home Equity Loans - Floating Rate

0.03%

SUBTOTAL

1.18%

Whole Loan Trusts

Performing Asset

0.59%

SUBTOTAL

0.59%

Local Governments - Regional Bonds

0.53%

Local Governments - US Municipal Bonds

0.45%

Equity Futures

Equity Index Futures

0.29%

SUBTOTAL

0.29%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.27%

SUBTOTAL

0.27%

Collateralized Loan Obligations

CLO - Floating Rate

0.11%

SUBTOTAL

0.11%

Options Purchased - Calls

Options on Forward Contracts

0.03%

Swaptions

0.01%

SUBTOTAL

0.04%

Warrants

0.02%

Call Options Written

-0.01%

Put Options Written

-0.09%

Currency Instruments

Forward Currency Exchange Contracts

-0.47%

SUBTOTAL

-0.47%

Reverse Repurchase Agreements

-4.06%

Net Cash Equivalents

Investment Companies

1.51%

Cash

1.30%

Governments - Sovereign Bonds

0.44%

SUBTOTAL

3.25%

Derivative Offsets

Futures Offsets

-6.64%

Swaps Offsets

-13.84%

SUBTOTAL

-20.48%

Total

100.00%

Country Breakdown

Portfolio %

United States

63.13%

Brazil

5.68%

Argentina

3.01%

United Kingdom

2.95%

Mexico

2.74%

Luxembourg

1.53%

South Africa

1.52%

Canada

1.48%

Turkey

1.35%

Indonesia

1.33%

Dominican Republic

1.24%

France

1.15%

Italy

0.95%

Colombia

0.79%

Russia

0.77%

Ireland

0.75%

Switzerland

0.75%

Egypt

0.59%

Spain

0.52%

Ivory Coast

0.52%

Ukraine

0.45%

Malaysia

0.44%

Cayman Islands

0.43%

Netherlands

0.40%

Jamaica

0.38%

Venezuela

0.38%

Germany

0.33%

Trinidad & Tobago

0.33%

United Arab Emirates

0.31%

India

0.29%

Zambia

0.28%

Ecuador

0.26%

Gabon

0.24%

Angola

0.19%

Mongolia

0.18%

Honduras

0.18%

Bermuda

0.18%

Norway

0.17%

Macau

0.17%

Guatemala

0.16%

Sri Lanka

0.15%

Sweden

0.13%

Pakistan

0.13%

Cameroon

0.12%

Bahrain

0.10%

Nigeria

0.09%

Peru

0.08%

Australia

0.07%

New Zealand

0.06%

El Salvador

0.06%

Kenya

0.06%

Uruguay

0.05%

Jordan

0.05%

Finland

0.05%

Senegal

0.05%

Lebanon

0.05%

Ethiopia

0.05%

Chile

0.04%

Hong Kong

0.04%

Belarus

0.02%

Iraq

0.02%

Serbia

0.02%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

99.89%

Chinese Yuan Renminbi (Offshore)

1.62%

Norwegian Krone

1.51%

New Turkish Lira

1.51%

Argentine Peso

1.48%

Indonesian Rupiah

1.47%

Mexican Peso

1.22%

Malaysian Ringgit

1.00%

Euro

0.88%

Brazilian Real

0.59%

Chilean Peso

0.48%

Dominican Peso

0.47%

Colombian Peso

0.46%

Egypt Pound

0.44%

Peruvian Sol

0.25%

Russian Rubles

0.22%

Uruguayan Peso

0.06%

South African Rand

0.02%

Indian Rupee

0.01%

Swedish Krona

-0.06%

Japanese Yen

-0.08%

Canadian Dollar

-0.96%

Swiss Franc

-1.32%

Australian Dollar

-1.45%

South Korean Won

-1.49%

Great British Pound

-1.56%

Chinese Yuan Renminbi

-1.63%

Taiwan New Dollar

-2.00%

Singapore Dollar

-3.03%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

10.47%

AA

0.77%

A

3.65%

BBB

15.06%

BB

29.56%

B

24.22%

CCC

7.74%

CC

0.74%

C

0.13%

D

0.41%

Not Rated

5.98%

Short Term Investments

1.96%

Reverse Repurchase Agreements

-4.06%

N/A

3.37%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

6.32%

1 to 5 years

39.80%

5 to 10 years

37.00%

10 to 20 years

9.37%

20 to 30 years

4.86%

More Than 30 years

1.43%

Other

1.22%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.09%

Average Bond Price:

N/A

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

37.50%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

37.50%

Average Maturity:

7.26  Years

Effective Duration:

4.85  Years

Total Net Assets:

$1,206.38 Million

Net Asset Value:

$13.97

Number of Holdings:

1243

Portfolio Turnover:

48%