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 1.25%, 1/31/20

11.28%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17

1.08%

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

0.82%

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

0.65%

5) El Salvador Government International Bond 7.65%, 6/15/35

0.61%

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

0.60%

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

0.54%

8) Argentina Boden Bonds 7.00%, 10/03/15

0.52%

9) U.S. Treasury Bonds 5.00%, 5/15/37

0.42%

10) South Africa Government Bond Series R207 7.25%, 1/15/20

0.41%

Investment Type

Portfolio %

Corporates - Non-Investment Grades

Industrial

Consumer Non-Cyclical

7.05%

Energy

6.86%

Communications - Media

6.40%

Capital Goods

4.85%

Technology

4.32%

Basic

3.77%

Consumer Cyclical - Other

3.56%

Communications - Telecommunications

3.54%

Consumer Cyclical - Retailers

2.51%

Other Industrial

1.69%

Consumer Cyclical - Automotive

1.49%

Services

1.07%

Transportation - Services

0.83%

Consumer Cyclical - Entertainment

0.72%

Transportation - Airlines

0.43%

Consumer Cyclical - Restaurants

0.29%

SUBTOTAL

49.38%

Financial Institutions

Banking

3.85%

Finance

1.72%

Insurance

1.08%

Other Finance

0.89%

Brokerage

0.36%

REITS

0.15%

SUBTOTAL

8.05%

Utility

Electric

2.43%

SUBTOTAL

2.43%

Information Technology

Technology

0.05%

SUBTOTAL

0.05%

Credit Default Swaps

-0.73%

SUBTOTAL

59.18%

Global Governments

17.58%

Corporates - Investment Grades

Financial Institutions

Insurance

1.54%

Banking

1.16%

Finance

0.67%

REITS

0.46%

SUBTOTAL

3.83%

Industrial

Basic

1.78%

Communications - Telecommunications

0.28%

Energy

0.26%

Communications - Media

0.22%

Other Industrial

0.19%

Transportation - Airlines

0.17%

Capital Goods

0.16%

Consumer Non-Cyclical

0.13%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.21%

Credit Default Swaps

1.01%

Utility

Electric

0.19%

Natural Gas

0.11%

SUBTOTAL

0.30%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.20%

SUBTOTAL

0.20%

SUBTOTAL

8.55%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

3.20%

Non-Agency Floating Rate

2.95%

GSE Risk Share Floating Rate

1.07%

SUBTOTAL

7.22%

Bank Loans

Industrial

Consumer Non-Cyclical

0.76%

Consumer Cyclical - Automotive

0.58%

Other Industrial

0.50%

Consumer Cyclical - Other

0.41%

Consumer Cyclical - Retailers

0.38%

Consumer Cyclical - Entertainment

0.23%

Capital Goods

0.21%

Energy

0.20%

Technology

0.20%

Communications - Media

0.17%

Basic

0.14%

SUBTOTAL

3.78%

Financial Institutions

Other Finance

0.13%

Insurance

0.04%

SUBTOTAL

0.17%

Utility

Electric

0.17%

SUBTOTAL

0.17%

SUBTOTAL

4.12%

Emerging Markets - Sovereigns

3.94%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.78%

Capital Goods

0.59%

Basic

0.54%

Consumer Cyclical - Retailers

0.32%

Transportation - Airlines

0.27%

Communications - Telecommunications

0.18%

Consumer Cyclical - Other

0.18%

Communications - Media

0.14%

SUBTOTAL

3.00%

Utility

Electric

0.14%

SUBTOTAL

0.14%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.11%

SUBTOTAL

0.11%

Financial Institutions

Finance

0.10%

SUBTOTAL

0.10%

SUBTOTAL

3.35%

Preferred Stocks

Financial Institutions

2.58%

Utility

0.03%

Industrial

0.02%

SUBTOTAL

2.63%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.21%

SUBTOTAL

2.21%

Whole Loan Trusts

Performing Asset

1.00%

SUBTOTAL

1.00%

Local Governments - Municipal Bonds

0.97%

Governments - Sovereign Agencies

0.86%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.62%

Home Equity Loans - Floating Rate

0.18%

SUBTOTAL

0.80%

Emerging Markets - Treasuries

0.74%

Common Stocks

0.70%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.43%

SUBTOTAL

0.43%

Investment Companies

Common Stocks

0.21%

SUBTOTAL

0.21%

Agencies

Agency Subordinated

0.13%

SUBTOTAL

0.13%

Inflation-Linked Securities

0.08%

Currency Instruments

Forward Currency Exchange Contracts

0.03%

SUBTOTAL

0.03%

Options Purchased - Puts

Credit Default Swap Options

0.01%

SUBTOTAL

0.01%

Interest Rate Swaps - SIFMA

-9.68%

Reverse Repurchase Agreements

-16.20%

Net Cash Equivalents

Investment Companies

0.91%

Cash

0.33%

SUBTOTAL

1.24%

Derivative Offsets

Swaps Offsets

9.90%

SUBTOTAL

9.90%

100.00%

Country Breakdown

Portfolio %

United States

71.02%

United Kingdom

3.50%

Brazil

3.04%

Canada

1.89%

Dominican Republic

1.45%

Ireland

1.45%

Mexico

1.40%

Luxembourg

1.39%

France

1.16%

Netherlands

1.11%

South Africa

0.89%

Germany

0.72%

Indonesia

0.70%

Italy

0.65%

Ivory Coast

0.61%

Switzerland

0.59%

El Salvador

0.58%

United Arab Emirates

0.54%

Australia

0.52%

Colombia

0.47%

Argentina

0.45%

Bermuda

0.41%

Venezuela

0.35%

Peru

0.34%

Norway

0.34%

Croatia

0.32%

Hong Kong

0.31%

Spain

0.29%

India

0.29%

Philippines

0.26%

Portugal

0.21%

Turkey

0.20%

Macau

0.19%

Barbados

0.18%

Kazakhstan

0.17%

Bahrain

0.15%

Zambia

0.14%

Jamaica

0.13%

Ghana

0.13%

Trinidad & Tobago

0.12%

Bulgaria

0.12%

Japan

0.12%

Pakistan

0.11%

Lebanon

0.11%

Romania

0.11%

China

0.09%

Sweden

0.09%

Belgium

0.08%

Guatemala

0.08%

Denmark

0.08%

Uruguay

0.07%

Sri Lanka

0.06%

Kenya

0.05%

Morocco

0.05%

Chile

0.05%

New Zealand

0.04%

Serbia

0.03%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

102.08%

Brazilian Real

1.99%

Indonesian Rupiah

1.01%

Peruvian Nuevo Sol

0.98%

South African Rand

0.77%

New Turkish Lira

0.70%

Dominican Peso

0.54%

Colombian Peso

0.43%

Philippine Peso

0.31%

Indian Rupee

0.26%

Hungarian Forint

0.16%

Uruguayan Peso

0.08%

Mexican Peso

0.01%

Euro

-0.36%

Singapore Dollar

-0.50%

Taiwan New Dollar

-0.51%

Swiss Franc

-0.95%

Canadian Dollar

-1.01%

Australian Dollar

-2.95%

Great British Pound

-3.04%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

-1.92%

AA

0.63%

A

2.15%

BBB

13.04%

BB

27.55%

B

31.48%

CCC

15.62%

CC

0.87%

C

0.03%

D

0.58%

Not Rated

4.67%

Short Term Investments

0.91%

N/A

4.39%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-3.30%

1 to 5 years

49.09%

5 to 10 years

38.75%

10 to 20 years

7.49%

20 to 30 years

5.96%

More than 30 years

1.31%

Other

0.70%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.14%

Average Bond Price :

100.41

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

23.82%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

23.82%

Average Maturity:

7.60 Years

Effective Duration:

4.83 Years

Total Net Assets:

$1,208.09 Million

Net Asset Value:

$14.01

Number of Holdings:

1198

Portfolio Turnover:

36%

* 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.