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

5.40%

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

2.96%

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

2.87%

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

1.08%

5) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.704%, 1/25/37

0.82%

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

0.77%

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

0.69%

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

0.64%

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

0.59%

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

0.51%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

7.12%

Energy

5.20%

Communications - Media

5.10%

Communications - Telecommunications

3.65%

Consumer Cyclical - Other

3.25%

Capital Goods

3.18%

Basic

3.05%

Technology

2.67%

Consumer Cyclical - Automotive

1.77%

Consumer Cyclical - Retailers

1.75%

Transportation - Services

0.89%

Other Industrial

0.81%

Services

0.73%

Consumer Cyclical - Entertainment

0.56%

Transportation - Airlines

0.42%

Consumer Cyclical - Restaurants

0.28%

SUBTOTAL

40.43%

Credit Default Swaps

11.31%

SUBTOTAL

11.31%

Financial Institutions

Banking

2.94%

Finance

0.91%

Other Finance

0.48%

Insurance

0.38%

REITS

0.03%

Brokerage

0.01%

SUBTOTAL

4.75%

Utility

Electric

1.48%

SUBTOTAL

1.48%

SUBTOTAL

57.97%

Global Governments

15.69%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.19%

Non-Agency Fixed Rate

2.73%

Non-Agency Floating Rate

1.29%

SUBTOTAL

13.21%

Corporates - Investment Grade

Industrial

Basic

1.31%

Technology

0.71%

Energy

0.65%

Capital Goods

0.39%

Communications - Media

0.36%

Communications - Telecommunications

0.17%

Transportation - Airlines

0.17%

Consumer Cyclical - Automotive

0.15%

Consumer Non-Cyclical

0.12%

Other Industrial

0.03%

Consumer Cyclical - Other

0.02%

SUBTOTAL

4.08%

Financial Institutions

Insurance

1.30%

Banking

0.70%

REITS

0.47%

Brokerage

0.17%

Finance

0.12%

SUBTOTAL

2.76%

Credit Default Swaps

0.71%

SUBTOTAL

0.71%

Utility

Electric

0.38%

Natural Gas

0.11%

SUBTOTAL

0.49%

SUBTOTAL

8.04%

Total Return Swaps

6.49%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.89%

Credit Default Swaps

0.78%

Non-Agency Floating Rate CMBS

0.21%

SUBTOTAL

4.88%

Interest Rate Futures

4.31%

Bank Loans

Industrial

Technology

0.65%

Consumer Non-Cyclical

0.62%

Consumer Cyclical - Retailers

0.57%

Consumer Cyclical - Other

0.43%

Other Industrial

0.39%

Basic

0.25%

Energy

0.24%

Consumer Cyclical - Entertainment

0.23%

Capital Goods

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.56%

Utility

Electric

0.17%

Natural Gas

0.10%

SUBTOTAL

0.27%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.87%

Emerging Markets - Sovereigns

3.73%

Emerging Markets - Treasuries

3.65%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.40%

Communications - Telecommunications

0.28%

Consumer Cyclical - Retailers

0.27%

Transportation - Airlines

0.27%

Capital Goods

0.20%

Basic

0.14%

SUBTOTAL

1.56%

Financial Institutions

Finance

0.11%

SUBTOTAL

0.11%

SUBTOTAL

1.67%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.63%

Other ABS - Fixed Rate

0.17%

Home Equity Loans - Floating Rate

0.16%

Other ABS - Floating Rate

0.15%

Autos - Fixed Rate

0.07%

SUBTOTAL

1.18%

Governments - Sovereign Agencies

0.91%

Whole Loan Trusts

Performing Asset

0.87%

SUBTOTAL

0.87%

Common Stocks

0.68%

Local Governments - Municipal Bonds

0.59%

Preferred Stocks

Financial Institutions

0.54%

Utility

0.03%

SUBTOTAL

0.57%

Local Governments - Regional Bonds

0.33%

Equity Futures

Equity Index Futures

0.26%

SUBTOTAL

0.26%

Inflation-Linked Securities

0.22%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.21%

SUBTOTAL

0.21%

Investment Companies

Funds and Investment Trusts

0.17%

SUBTOTAL

0.17%

Currency Instruments

Forward Currency Exchange Contracts

0.05%

SUBTOTAL

0.05%

Warrants

0.03%

Options Purchased - Puts

Options on Equities

0.02%

SUBTOTAL

0.02%

Call Options Written

-0.01%

Interest Rate Swaps

-0.04%

Put Options Written

-0.04%

Reverse Repurchase Agreements

-9.30%

Net Cash Equivalents

Investment Companies

1.66%

Cash

1.18%

Emerging Markets - Sovereigns

0.08%

SUBTOTAL

2.92%

Derivative Offsets

Futures Offsets

-4.66%

Swaps Offsets

-18.47%

SUBTOTAL

-23.13%

Total 

100.00%

Country Breakdown

Portfolio %

United States

71.79%

Brazil

4.77%

United Kingdom

2.97%

Canada

2.29%

Mexico

1.39%

Luxembourg

1.32%

Ireland

1.31%

France

1.18%

Dominican Republic

1.15%

Indonesia

1.00%

Argentina

0.99%

Switzerland

0.83%

Netherlands

0.79%

Colombia

0.76%

Italy

0.75%

Ivory Coast

0.70%

Turkey

0.65%

United Arab Emirates

0.56%

Germany

0.46%

Venezuela

0.40%

South Africa

0.38%

Croatia

0.35%

Jamaica

0.34%

Spain

0.33%

New Zealand

0.20%

Australia

0.20%

Barbados

0.20%

Portugal

0.18%

Angola

0.18%

Trinidad & Tobago

0.16%

Gabon

0.15%

Zambia

0.14%

Pakistan

0.13%

India

0.11%

Macau

0.10%

Cayman Islands

0.10%

Sri Lanka

0.09%

Mongolia

0.09%

Guatemala

0.08%

Denmark

0.08%

Peru

0.07%

El Salvador

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

94.94%

Swedish Krona

2.88%

Mexican Peso

1.95%

Brazilian Real

1.91%

Indian Rupee

1.50%

New Turkish Lira

1.00%

Colombian Peso

0.57%

Indonesian Rupiah

0.53%

Dominican Peso

0.51%

Argentine Peso

0.48%

Russian Rubles

0.02%

Taiwan New Dollar

0.01%

South African Rand

-0.01%

Great British Pound

-0.01%

Swiss Franc

-0.47%

Singapore Dollar

-0.50%

Japanese Yen

-0.95%

Canadian Dollar

-1.47%

Euro

-2.89%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

4.04%

AA

0.85%

A

2.22%

BBB

13.64%

BB

28.07%

B

24.66%

CCC

9.84%

CC

1.16%

C

0.29%

D

1.20%

Not Rated

9.78%

Short Term Investments

1.74%

N/A

2.51%

Total 

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.70%

1 to 5 years

44.96%

5 to 10 years

37.21%

10 to 20 years

8.68%

20 to 30 years

5.25%

More than 30 years

1.50%

Other

0.70%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.38%

Average Bond Price :

101.52

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

37.27%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

37.27%

Average Effective Maturity:

7.45 Years

Effective Duration:

4.71 Years

Total Net Assets:

$1,167.56 Million

Net Asset Value:

$13.54

Number of Holdings:

1202

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.