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  2.25%, 2/15/27 

3.17%

2) U.S. Treasury Notes  2.875%, 8/15/28 

2.25%

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

2.19%

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

0.96%

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

0.80%

6) Indonesia Treasury Bond Series FR78 8.25%, 5/15/29 

0.67%

7) Ukraine Government International Bond  7.75%, 9/01/21 - 9/01/24 

0.63%

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

0.62%

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

0.61%

10) Colombian TES Series B 10.00%, 7/24/24 

0.55%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Credit Default Swaps

33.98%

SUBTOTAL

33.98%

Industrial

Communications - Media

3.46%

Consumer Non-Cyclical

3.03%

Basic

2.86%

Communications - Telecommunications

2.40%

Consumer Cyclical - Other

2.22%

Capital Goods

2.09%

Energy

2.05%

Services

1.67%

Consumer Cyclical - Automotive

1.41%

Consumer Cyclical - Retailers

1.07%

Technology

1.05%

Transportation - Services

0.56%

Other Industrial

0.35%

Consumer Cyclical - Entertainment

0.26%

Consumer Cyclical - Restaurants

0.25%

SUBTOTAL

24.73%

Financial Institutions

Banking

3.41%

Finance

0.95%

Insurance

0.81%

REITS

0.70%

Other Finance

0.56%

Brokerage

0.28%

SUBTOTAL

6.71%

Utility

Electric

0.81%

SUBTOTAL

0.81%

SUBTOTAL

66.23%

Global Governments

11.56%

Corporates - Investment Grade

Financial Institutions

Banking

3.19%

Insurance

1.98%

REITS

0.46%

Finance

0.01%

SUBTOTAL

5.64%

Industrial

Consumer Cyclical - Other

0.97%

Basic

0.86%

Technology

0.60%

Communications - Media

0.53%

Energy

0.51%

Consumer Non-Cyclical

0.43%

Consumer Cyclical - Automotive

0.37%

Communications - Telecommunications

0.30%

Capital Goods

0.20%

Other Industrial

0.16%

Consumer Cyclical - Entertainment

0.13%

Services

0.09%

Consumer Cyclical - Retailers

0.07%

SUBTOTAL

5.22%

Utility

Electric

0.09%

SUBTOTAL

0.09%

SUBTOTAL

10.95%

Collateralized Mortgage Obligations

Risk Share Floating Rate

7.72%

Non-Agency Fixed Rate

0.74%

Agency Fixed Rate

0.66%

Non-Agency Floating Rate

0.65%

SUBTOTAL

9.77%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

8.92%

Credit Default Swaps

0.77%

SUBTOTAL

9.69%

Commercial Mortgage-Backed Securities

Credit Default Swaps

6.04%

Non-Agency Fixed Rate CMBS

1.86%

Non-Agency Floating Rate CMBS

0.09%

SUBTOTAL

7.99%

Bank Loans

Industrial

Consumer Non-Cyclical

1.19%

Technology

0.88%

Services

0.58%

Consumer Cyclical - Other

0.53%

Capital Goods

0.52%

Energy

0.34%

Consumer Cyclical - Retailers

0.28%

Communications - Media

0.15%

Consumer Cyclical - Entertainment

0.14%

Other Industrial

0.13%

Communications - Telecommunications

0.11%

Consumer Cyclical - Restaurants

0.11%

Consumer Cyclical - Automotive

0.08%

Basic

0.04%

SUBTOTAL

5.08%

Financial Institutions

Insurance

0.14%

Finance

0.12%

SUBTOTAL

0.26%

Utility

Electric

0.19%

SUBTOTAL

0.19%

SUBTOTAL

5.53%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.54%

Basic

0.46%

Communications - Telecommunications

0.29%

Energy

0.28%

Consumer Cyclical - Other

0.27%

Other Industrial

0.10%

Transportation - Services

0.05%

Communications - Media

0.04%

Capital Goods

0.02%

SUBTOTAL

2.05%

Utility

Electric

0.40%

SUBTOTAL

0.40%

Financial Institutions

Banking

0.06%

Insurance

0.01%

SUBTOTAL

0.07%

SUBTOTAL

2.52%

Emerging Markets - Treasuries

2.22%

Asset-Backed Securities

Other ABS - Fixed Rate

0.76%

Home Equity Loans - Fixed Rate

0.33%

Autos - Fixed Rate

0.26%

Home Equity Loans - Floating Rate

0.01%

SUBTOTAL

1.36%

Total Return Swaps

1.25%

Common Stocks

0.88%

Collateralized Loan Obligations

CLO - Floating Rate

0.86%

SUBTOTAL

0.86%

Currency Instruments

Forward Currency Exchange Contracts

0.76%

SUBTOTAL

0.76%

Local Governments - US Municipal Bonds

0.62%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.56%

SUBTOTAL

0.56%

Investment Companies

Funds and Investment Trusts

0.51%

SUBTOTAL

0.51%

Preferred Stocks

Financial Institutions

0.28%

Utility

0.02%

SUBTOTAL

0.30%

Inflation-Linked Securities

0.26%

Local Governments - Regional Bonds

0.02%

Warrants

0.01%

Whole Loan Trusts

Performing Asset

0.01%

SUBTOTAL

0.01%

Reverse Repurchase Agreements

-0.18%

Interest Rate Futures

-0.51%

Net Cash Equivalents

Investment Companies

7.81%

Cash

4.75%

Governments - Treasuries

0.75%

Foreign Currency

-0.04%

SUBTOTAL

13.27%

Derivative Offsets

Futures Offsets

0.62%

Swaps Offsets

-47.06%

SUBTOTAL

-46.44%

Total

100.00%

Country Breakdown

Portfolio %

United States

68.73%

Brazil

3.90%

United Kingdom

2.29%

Canada

1.66%

France

1.34%

Egypt

1.29%

Netherlands

1.27%

Luxembourg

1.01%

Dominican Republic

0.92%

Italy

0.89%

Argentina

0.87%

Colombia

0.85%

Cayman Islands

0.85%

Switzerland

0.77%

Indonesia

0.75%

Russia

0.75%

Turkey

0.73%

Spain

0.73%

Mexico

0.67%

Ukraine

0.67%

Kenya

0.52%

Ivory Coast

0.51%

Nigeria

0.51%

Ireland

0.50%

Bahrain

0.45%

Oman

0.44%

United Arab Emirates

0.36%

Finland

0.36%

Zambia

0.31%

Bermuda

0.31%

Honduras

0.31%

Costa Rica

0.30%

Mongolia

0.30%

Sri Lanka

0.28%

Denmark

0.27%

Senegal

0.26%

Gabon

0.25%

Ghana

0.25%

Sweden

0.22%

South Africa

0.19%

Norway

0.17%

Hong Kong

0.17%

Angola

0.17%

Jamaica

0.16%

Germany

0.15%

El Salvador

0.14%

Cameroon

0.12%

Ecuador

0.12%

Israel

0.11%

Australia

0.11%

Chile

0.10%

Macau

0.10%

Peru

0.09%

Trinidad & Tobago

0.09%

Venezuela

0.08%

Kazakhstan

0.07%

Jordan

0.06%

Iraq

0.06%

Lebanon

0.05%

India

0.02%

Pakistan

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

97.65%

Japanese Yen

0.80%

Egypt Pound

0.64%

Indian Rupee

0.33%

Russian Rubles

0.16%

Brazilian Real

0.15%

Nigerian Naira

0.11%

Pakistan Rupee

0.11%

Euro

0.08%

Argentine Peso

0.06%

South African Rand

0.04%

Mexican Peso

0.03%

Norwegian Krone

0.02%

Colombian Peso

0.01%

Malaysian Ringgit

0.01%

New Zealand Dollar

0.01%

Swedish Krona

0.01%

Australian Dollar

-0.01%

Great British Pound

-0.05%

Indonesian Rupiah

-0.06%

Canadian Dollar

-0.10%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

13.41%

AA

1.84%

A

2.32%

BBB

16.67%

BB

23.30%

B

17.48%

CCC

6.88%

CC

0.41%

C

0.11%

D

0.03%

Not Rated

5.65%

Short Term Investments

8.55%

Reverse Repurchase Agreements

-0.18%

N/A

3.53%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

8.57%

1 to 5 years

43.87%

5 to 10 years

36.96%

10 to 20 years

7.10%

20 to 30 years

2.21%

More Than 30 years

0.39%

Other

0.90%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.62%

Average Bond Price:

91.67

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

53.32%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

53.32%

Average Maturity:

5.83  Years

Effective Duration:

3.91  Years

Total Net Assets:

$926.17 Million

Net Asset Value:

$10.74

Number of Holdings:

1523

Portfolio Turnover:

40%

* 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.