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 

3.86%

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

3.52%

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

2.67%

4) Turkey Government Bond  11.00%, 2/24/27 

1.16%

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

1.07%

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

0.91%

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

0.88%

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

0.84%

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

0.74%

10) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.412%, 1/25/37 

0.68%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

4.12%

Communications - Media

4.11%

Energy

3.70%

Basic

3.02%

Communications - Telecommunications

2.99%

Consumer Cyclical - Other

2.85%

Capital Goods

2.00%

Services

1.57%

Technology

1.55%

Other Industrial

1.15%

Transportation - Services

1.13%

Consumer Cyclical - Automotive

0.99%

Consumer Cyclical - Retailers

0.97%

Consumer Cyclical - Entertainment

0.22%

Consumer Cyclical - Restaurants

0.19%

Transportation - Airlines

0.10%

SUBTOTAL

30.66%

Financial Institutions

Banking

3.33%

Finance

0.96%

Other Finance

0.39%

Insurance

0.38%

Brokerage

0.14%

REITS

0.04%

SUBTOTAL

5.24%

Utility

Electric

1.05%

Natural Gas

0.02%

SUBTOTAL

1.07%

Credit Default Swaps

0.91%

SUBTOTAL

0.91%

SUBTOTAL

37.88%

Global Governments

16.08%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.09%

Non-Agency Fixed Rate

1.81%

Non-Agency Floating Rate

1.10%

SUBTOTAL

12.00%

Corporates - Investment Grade

Industrial

Basic

0.87%

Energy

0.65%

Technology

0.55%

Communications - Telecommunications

0.50%

Communications - Media

0.43%

Capital Goods

0.26%

Consumer Cyclical - Automotive

0.23%

Consumer Cyclical - Other

0.09%

Transportation - Airlines

0.07%

Services

0.06%

Consumer Non-Cyclical

0.04%

SUBTOTAL

3.75%

Financial Institutions

Banking

1.45%

Insurance

1.06%

REITS

0.67%

Brokerage

0.16%

Finance

0.02%

SUBTOTAL

3.36%

Credit Default Swaps

0.92%

SUBTOTAL

0.92%

Utility

Electric

0.12%

SUBTOTAL

0.12%

SUBTOTAL

8.15%

Emerging Markets - Sovereigns

6.98%

Emerging Markets - Treasuries

6.98%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.32%

Non-Agency Fixed Rate CMBS

2.32%

Non-Agency Floating Rate CMBS

0.20%

SUBTOTAL

6.84%

Interest Rate Futures

6.27%

Total Return Swaps

5.14%

Emerging Markets - Corporate Bonds

Industrial

Energy

0.98%

Basic

0.85%

Communications - Telecommunications

0.59%

Consumer Non-Cyclical

0.46%

Capital Goods

0.27%

Transportation - Airlines

0.21%

Consumer Cyclical - Other

0.21%

Transportation - Services

0.14%

Technology

0.05%

Consumer Cyclical - Retailers

0.05%

Other Industrial

0.04%

SUBTOTAL

3.85%

Financial Institutions

Banking

0.28%

Finance

0.05%

Other Finance

0.04%

SUBTOTAL

0.37%

SUBTOTAL

4.22%

Bank Loans

Industrial

Technology

0.52%

Consumer Cyclical - Retailers

0.47%

Consumer Non-Cyclical

0.39%

Capital Goods

0.25%

Energy

0.24%

Consumer Cyclical - Other

0.21%

Consumer Cyclical - Entertainment

0.18%

Other Industrial

0.12%

Services

0.09%

Basic

0.08%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

2.62%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

2.66%

Interest Rate Swaps

2.52%

Preferred Stocks

Industrial

0.67%

Financial Institutions

0.63%

Utility

0.03%

SUBTOTAL

1.33%

Inflation-Linked Securities

1.29%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.66%

Other ABS - Fixed Rate

0.53%

Autos - Fixed Rate

0.06%

Home Equity Loans - Floating Rate

0.03%

SUBTOTAL

1.28%

Common Stocks

1.27%

Whole Loan Trusts

Performing Asset

0.56%

SUBTOTAL

0.56%

Local Governments - Regional Bonds

0.51%

Local Governments - US Municipal Bonds

0.46%

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

0.07%

Swaptions

0.02%

SUBTOTAL

0.09%

Warrants

0.02%

Call Options Written

-0.02%

Put Options Written

-0.13%

Currency Instruments

Forward Currency Exchange Contracts

-0.52%

SUBTOTAL

-0.52%

Reverse Repurchase Agreements

-3.82%

Net Cash Equivalents

Investment Companies

0.84%

Emerging Markets - Sovereigns

0.45%

Cash

0.37%

Governments - Treasuries

0.15%

Foreign Currency

-0.01%

SUBTOTAL

1.80%

Derivative Offsets

Futures Offsets

-6.53%

Swaps Offsets

-13.98%

SUBTOTAL

-20.51%

Total

100.00%

Country Breakdown

Portfolio %

United States

61.61%

Brazil

6.08%

Mexico

3.19%

Argentina

2.97%

United Kingdom

2.80%

Turkey

2.12%

Luxembourg

1.58%

Canada

1.43%

South Africa

1.40%

Dominican Republic

1.23%

France

1.16%

Indonesia

1.03%

Italy

0.97%

Egypt

0.82%

Colombia

0.79%

Ireland

0.78%

Russia

0.75%

Switzerland

0.75%

Spain

0.56%

Ivory Coast

0.53%

Ukraine

0.45%

Cayman Islands

0.44%

Malaysia

0.44%

Netherlands

0.41%

Jamaica

0.38%

Sri Lanka

0.37%

India

0.35%

Germany

0.33%

Venezuela

0.32%

United Arab Emirates

0.30%

Zambia

0.28%

Ecuador

0.26%

Gabon

0.24%

Barbados

0.20%

Angola

0.19%

Mongolia

0.18%

Honduras

0.18%

Norway

0.17%

Macau

0.16%

Guatemala

0.16%

Sweden

0.14%

El Salvador

0.13%

Trinidad & Tobago

0.13%

Senegal

0.12%

Pakistan

0.12%

Cameroon

0.11%

Bahrain

0.10%

Nigeria

0.09%

Peru

0.08%

New Zealand

0.06%

Australia

0.06%

Kenya

0.06%

Uruguay

0.06%

Jordan

0.05%

Finland

0.05%

Lebanon

0.05%

Ethiopia

0.05%

Chile

0.04%

Hong Kong

0.03%

China

0.02%

Jersey (Channel Islands)

0.02%

Belarus

0.02%

Iraq

0.02%

Serbia

0.02%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

93.96%

New Turkish Lira

1.95%

Norwegian Krone

1.61%

Polish Zloty

1.53%

Indonesian Rupiah

1.50%

Indian Rupee

1.50%

Argentine Peso

1.40%

Russian Rubles

1.20%

Euro

1.10%

Hungarian Forint

1.05%

Swedish Krona

1.03%

Chinese Yuan Renminbi (Offshore)

1.01%

Malaysian Ringgit

1.00%

Mexican Peso

0.97%

Brazilian Real

0.62%

Egypt Pound

0.60%

Dominican Peso

0.46%

Colombian Peso

0.45%

Australian Dollar

0.43%

Peruvian Sol

0.25%

Sri Lankan Rupee

0.23%

Uruguayan Peso

0.06%

Canadian Dollar

-0.47%

South Korean Won

-1.00%

Chinese Yuan Renminbi

-1.01%

Japanese Yen

-1.01%

New Zealand Dollar

-1.53%

Great British Pound

-1.57%

Taiwan New Dollar

-2.00%

Swiss Franc

-2.26%

Singapore Dollar

-3.06%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

10.76%

AA

0.68%

A

4.26%

BBB

15.31%

BB

29.97%

B

24.32%

CCC

7.44%

CC

0.73%

C

0.13%

D

0.31%

Not Rated

6.32%

Short Term Investments

1.45%

Reverse Repurchase Agreements

-3.82%

N/A

2.14%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

6.29%

1 to 5 years

39.75%

5 to 10 years

37.39%

10 to 20 years

9.16%

20 to 30 years

4.77%

More Than 30 years

1.35%

Other

1.29%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.20%

Average Bond Price:

124.55

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

37.10%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

37.10%

Average Maturity:

7.24  Years

Effective Duration:

4.88  Years

Total Net Assets:

$1,213.38 Million

Net Asset Value:

$14.07

Number of Holdings:

1247

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.