AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

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

2.44%

2) U.S. Treasury Notes  2.25%, 2/15/27 

2.38%

3) Indonesia Treasury Bond Series FR77 8.125%, 5/15/24 

1.90%

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

1.67%

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

0.72%

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

0.66%

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

0.60%

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

0.60%

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

0.60%

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

0.57%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

4.34%

Communications - Media

3.25%

Communications - Telecommunications

3.08%

Consumer Non-Cyclical

2.91%

Basic

2.50%

Consumer Cyclical - Other

1.89%

Consumer Cyclical - Automotive

1.78%

Capital Goods

1.52%

Services

1.46%

Technology

1.11%

Consumer Cyclical - Retailers

0.86%

Transportation - Services

0.76%

Other Industrial

0.41%

Consumer Cyclical - Entertainment

0.23%

Consumer Cyclical - Restaurants

0.18%

SUBTOTAL

26.28%

Credit Default Swaps

17.49%

SUBTOTAL

17.49%

Financial Institutions

Banking

3.27%

Finance

1.29%

REITS

0.65%

Insurance

0.58%

Other Finance

0.49%

Brokerage

0.14%

SUBTOTAL

6.42%

Utility

Electric

0.86%

SUBTOTAL

0.86%

SUBTOTAL

51.05%

Global Governments

11.62%

Collateralized Mortgage Obligations

Risk Share Floating Rate

7.53%

Non-Agency Fixed Rate

0.79%

Non-Agency Floating Rate

0.72%

Agency Fixed Rate

0.62%

SUBTOTAL

9.66%

Emerging Markets - Sovereigns

Credit Default Swaps

1.29%

Corporates - Investment Grade

Financial Institutions

Banking

2.72%

Insurance

1.91%

REITS

0.43%

SUBTOTAL

5.06%

Industrial

Consumer Cyclical - Other

0.70%

Technology

0.66%

Energy

0.47%

Basic

0.47%

Consumer Non-Cyclical

0.42%

Communications - Telecommunications

0.36%

Capital Goods

0.19%

Consumer Cyclical - Automotive

0.18%

Other Industrial

0.15%

Consumer Cyclical - Entertainment

0.13%

Communications - Media

0.11%

Services

0.07%

Transportation - Airlines

0.01%

SUBTOTAL

3.92%

SUBTOTAL

8.98%

Commercial Mortgage-Backed Securities

Credit Default Swaps

6.02%

Non-Agency Fixed Rate CMBS

1.86%

Non-Agency Floating Rate CMBS

0.19%

SUBTOTAL

8.07%

Total Return Swaps

4.78%

Interest Rate Futures

4.21%

Bank Loans

Industrial

Consumer Non-Cyclical

1.30%

Capital Goods

0.53%

Technology

0.49%

Services

0.45%

Energy

0.38%

Consumer Cyclical - Other

0.22%

Consumer Cyclical - Retailers

0.19%

Communications - Telecommunications

0.11%

Other Industrial

0.10%

Consumer Cyclical - Entertainment

0.08%

Consumer Cyclical - Restaurants

0.07%

Communications - Media

0.05%

Basic

0.03%

Consumer Cyclical - Automotive

0.03%

SUBTOTAL

4.03%

Financial Institutions

Finance

0.10%

SUBTOTAL

0.10%

SUBTOTAL

4.13%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.86%

Basic

0.80%

Energy

0.51%

Communications - Telecommunications

0.30%

Consumer Cyclical - Other

0.27%

Other Industrial

0.09%

Capital Goods

0.09%

Consumer Cyclical - Retailers

0.05%

Transportation - Services

0.04%

Transportation - Airlines

0.02%

SUBTOTAL

3.03%

Financial Institutions

Banking

0.46%

REITS

0.23%

Finance

0.05%

Insurance

0.01%

SUBTOTAL

0.75%

Utility

Electric

0.29%

SUBTOTAL

0.29%

SUBTOTAL

4.07%

Emerging Markets - Treasuries

2.50%

Common Stocks

1.75%

Asset-Backed Securities

Other ABS - Fixed Rate

0.75%

Home Equity Loans - Fixed Rate

0.33%

Autos - Fixed Rate

0.19%

Home Equity Loans - Floating Rate

0.01%

SUBTOTAL

1.28%

Investment Companies

Funds and Investment Trusts

0.49%

SUBTOTAL

0.49%

Local Governments - US Municipal Bonds

0.48%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.32%

SUBTOTAL

0.32%

Preferred Stocks

Financial Institutions

0.29%

Utility

0.02%

SUBTOTAL

0.31%

Inflation-Linked Securities

0.27%

Local Governments - Regional Bonds

0.12%

Collateralized Loan Obligations

CLO - Floating Rate

0.09%

SUBTOTAL

0.09%

Warrants

0.02%

Whole Loan Trusts

Performing Asset

0.02%

SUBTOTAL

0.02%

Put Options Written

-0.02%

Currency Instruments

Forward Currency Exchange Contracts

-0.38%

SUBTOTAL

-0.38%

Reverse Repurchase Agreements

-0.52%

Net Cash Equivalents

Investment Companies

7.19%

U.S. Treasury Bills

2.62%

Governments - Treasuries

0.58%

Cash

0.35%

SUBTOTAL

10.74%

Derivative Offsets

Futures Offsets

-4.07%

Swaps Offsets

-29.62%

SUBTOTAL

-33.69%

Total

100.00%

Country Breakdown

Portfolio %

United States

66.00%

Brazil

4.03%

Indonesia

3.00%

United Kingdom

1.90%

Luxembourg

1.52%

France

1.43%

Canada

1.35%

Netherlands

1.23%

Egypt

1.06%

Turkey

0.99%

Colombia

0.97%

Spain

0.94%

Italy

0.94%

Dominican Republic

0.87%

Argentina

0.87%

Switzerland

0.86%

Russia

0.74%

Ireland

0.73%

Ukraine

0.57%

Nigeria

0.53%

Mexico

0.51%

Kenya

0.47%

Ivory Coast

0.43%

India

0.42%

Sri Lanka

0.41%

Oman

0.41%

Zambia

0.37%

Bahrain

0.34%

Finland

0.33%

Angola

0.32%

United Arab Emirates

0.31%

Germany

0.31%

Mongolia

0.29%

China

0.28%

Sweden

0.27%

Gabon

0.27%

Honduras

0.27%

Lebanon

0.26%

Bermuda

0.25%

Jamaica

0.25%

Denmark

0.25%

Senegal

0.24%

Ecuador

0.21%

Norway

0.20%

Malaysia

0.20%

Macau

0.15%

Togo

0.15%

Venezuela

0.15%

Cayman Islands

0.14%

El Salvador

0.13%

Cameroon

0.12%

South Africa

0.11%

Ghana

0.09%

Peru

0.09%

Trinidad & Tobago

0.09%

Virgin Islands (BVI)

0.08%

Hong Kong

0.07%

Kazakhstan

0.06%

Iraq

0.06%

Jordan

0.06%

Jersey (Channel Islands)

0.02%

Chile

0.02%

Australia

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

98.10%

South Korean Won

1.54%

Polish Zloty

1.51%

Russian Rubles

1.49%

Indonesian Rupiah

0.55%

Australian Dollar

0.51%

Egypt Pound

0.49%

Brazilian Real

0.41%

Malaysian Ringgit

0.20%

Argentine Peso

0.13%

Nigerian Naira

0.08%

Canadian Dollar

0.03%

Mexican Peso

0.02%

Great British Pound

0.01%

Indian Rupee

0.01%

Taiwan New Dollar

0.01%

South African Rand

0.01%

Swiss Franc

-0.01%

Colombian Peso

-0.01%

Israeli New Shekel

-0.99%

Singapore Dollar

-1.50%

Euro

-2.59%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

6.46%

AA

0.88%

A

2.26%

BBB

16.04%

BB

26.20%

B

23.64%

CCC

4.99%

CC

0.35%

C

0.18%

D

0.02%

Not Rated

5.46%

Short Term Investments

10.39%

Reverse Repurchase Agreements

-0.52%

N/A

3.65%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

16.52%

1 to 5 years

43.46%

5 to 10 years

30.03%

10 to 20 years

5.42%

20 to 30 years

2.40%

More Than 30 years

0.40%

Other

1.77%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.21%

Average Bond Price:

102.22

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

42.23%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

42.23%

Average Maturity:

5.32  Years

Effective Duration:

3.81  Years

Total Net Assets:

$1,135.78 Million

Net Asset Value:

$13.17

Number of Holdings:

1215

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.