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 

1.61%

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

1.13%

3) CCO Holdings LLC/CCO Holdings Capital Corp.  4.50%, 8/15/30 - 6/01/33 

0.67%

4) CCO Holdings LLC/CCO Holdings Capital Corp.  4.75%, 2/01/32 

0.64%

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

0.62%

6) Altice France SA/France  5.125%, 7/15/29 

0.54%

7) Sirius XM Radio, Inc.  4.00%, 7/15/28 

0.51%

8) Altice Financing SA  5.75%, 8/15/29 

0.49%

9) Royal Caribbean Cruises Ltd.  5.50%, 8/31/26 - 4/01/28 

0.48%

10) Vistra Operations Co. LLC  4.375%, 5/01/29 

0.46%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

6.60%

Consumer Non-Cyclical

6.29%

Communications - Media

6.12%

Services

3.53%

Basic

3.08%

Communications - Telecommunications

2.81%

Consumer Cyclical - Automotive

2.70%

Consumer Cyclical - Other

2.69%

Technology

2.62%

Capital Goods

2.56%

Consumer Cyclical - Entertainment

2.44%

Consumer Cyclical - Retailers

2.39%

Transportation - Services

0.69%

Consumer Cyclical - Restaurants

0.63%

Transportation - Airlines

0.32%

Other Industrial

0.18%

SUBTOTAL

45.65%

Credit Default Swaps

20.44%

SUBTOTAL

20.44%

Financial Institutions

Banking

2.26%

Finance

1.82%

REITs

1.38%

Insurance

0.75%

Other Finance

0.49%

Brokerage

0.47%

SUBTOTAL

7.17%

Utility

Electric

1.27%

Other Utility

0.18%

SUBTOTAL

1.45%

SUBTOTAL

74.71%

Corporates - Investment Grade

Financial Institutions

Banking

3.51%

Insurance

1.51%

Finance

0.69%

REITs

0.24%

Brokerage

0.12%

Other Finance

0.02%

SUBTOTAL

6.09%

Industrial

Basic

1.14%

Energy

0.71%

Communications - Telecommunications

0.69%

Consumer Cyclical - Other

0.59%

Transportation - Airlines

0.44%

Consumer Non-Cyclical

0.22%

Capital Goods

0.22%

Technology

0.17%

Other Industrial

0.17%

Communications - Media

0.13%

Consumer Cyclical - Automotive

0.11%

Services

0.07%

Consumer Cyclical - Retailers

0.03%

SUBTOTAL

4.69%

Utility

Electric

0.04%

SUBTOTAL

0.04%

SUBTOTAL

10.82%

Collateralized Mortgage Obligations

Risk Share Floating Rate

5.43%

Non-Agency Fixed Rate

0.48%

Non-Agency Floating Rate

0.39%

Agency Fixed Rate

0.35%

SUBTOTAL

6.65%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

5.59%

Credit Default Swaps

0.24%

SUBTOTAL

5.83%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.32%

Non-Agency Fixed Rate CMBS

1.07%

Non-Agency Floating Rate CMBS

0.02%

SUBTOTAL

5.41%

Bank Loans

Industrial

Technology

1.03%

Consumer Non-Cyclical

0.78%

Communications - Telecommunications

0.72%

Capital Goods

0.58%

Energy

0.42%

Other Industrial

0.29%

Consumer Cyclical - Retailers

0.25%

Communications - Media

0.22%

Consumer Cyclical - Other

0.21%

Services

0.16%

Consumer Cyclical - Restaurants

0.08%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

4.78%

Financial Institutions

Insurance

0.26%

Finance

0.02%

SUBTOTAL

0.28%

Utility

Electric

0.23%

SUBTOTAL

0.23%

SUBTOTAL

5.29%

Emerging Markets - Corporate Bonds

Industrial

Basic

1.38%

Energy

0.79%

Consumer Cyclical - Other

0.56%

Consumer Non-Cyclical

0.41%

Capital Goods

0.41%

Communications - Telecommunications

0.34%

Technology

0.19%

Transportation - Services

0.07%

Services

0.07%

Communications - Media

0.04%

SUBTOTAL

4.26%

Financial Institutions

REITs

0.38%

Banking

0.13%

Insurance

0.04%

Finance

0.02%

Other Finance

0.01%

SUBTOTAL

0.58%

Utility

Electric

0.45%

SUBTOTAL

0.45%

SUBTOTAL

5.29%

Interest Rate Futures

4.50%

Global Governments

3.54%

Collateralized Loan Obligations

CLO - Floating Rate

3.28%

SUBTOTAL

3.28%

Common Stocks

1.83%

Total Return Swaps

0.91%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.89%

SUBTOTAL

0.89%

Preferred Stocks

Industrial

0.38%

Financial Institutions

0.10%

SUBTOTAL

0.48%

Local Governments - US Municipal Bonds

0.47%

Inflation-Linked Securities

0.22%

Asset-Backed Securities

Other ABS - Fixed Rate

0.14%

Autos - Fixed Rate

0.07%

SUBTOTAL

0.21%

Currency Instruments

Forward Currency Exchange Contracts

0.15%

SUBTOTAL

0.15%

Warrants

0.06%

Interest Rate Swaps

-0.03%

Reverse Repurchase Agreements

-0.41%

Net Cash Equivalents

Cash

1.61%

Investment Companies

0.70%

Foreign Currency

-0.03%

SUBTOTAL

2.28%

Derivative Offsets

Futures Offsets

-4.54%

Swaps Offsets

-27.84%

SUBTOTAL

-32.38%

Total

100.00%

Country Breakdown

Portfolio %

United States

72.71%

United Kingdom

3.24%

Canada

2.07%

France

1.65%

Luxembourg

1.63%

Brazil

1.46%

Spain

1.21%

Mexico

1.07%

Nigeria

0.78%

Germany

0.73%

Switzerland

0.66%

Italy

0.65%

Argentina

0.65%

Dominican Republic

0.62%

China

0.62%

Ukraine

0.62%

Bahrain

0.61%

Colombia

0.54%

Netherlands

0.50%

India

0.47%

Israel

0.47%

Ivory Coast

0.46%

Sweden

0.43%

Finland

0.42%

Zambia

0.39%

Ghana

0.37%

Oman

0.34%

Macau

0.34%

Peru

0.32%

Jersey (Channel Islands)

0.32%

Angola

0.31%

Senegal

0.31%

Egypt

0.29%

Australia

0.29%

Gabon

0.23%

Jamaica

0.22%

Indonesia

0.22%

Ireland

0.21%

Hong Kong

0.20%

South Africa

0.19%

Ecuador

0.18%

El Salvador

0.18%

Denmark

0.14%

Turkey

0.12%

Japan

0.11%

Chile

0.10%

Bermuda

0.08%

Panama

0.06%

Venezuela

0.04%

Kuwait

0.04%

Morocco

0.04%

Cayman Islands

0.02%

Belgium

0.02%

Czech Republic

0.02%

Guatemala

0.02%

Norway

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

100.39%

Canadian Dollar

0.11%

Great British Pound

0.03%

Argentine Peso

0.01%

Norwegian Krone

0.01%

Singapore Dollar

0.01%

Swiss Franc

-0.01%

South Korean Won

-0.01%

New Zealand Dollar

-0.01%

Russian Rubles

-0.01%

Colombian Peso

-0.10%

Euro

-0.42%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

4.01%

AA

0.15%

A

1.60%

BBB

13.46%

BB

37.40%

B

25.79%

CCC

8.42%

CC

0.16%

C

0.10%

D

0.19%

Not Rated

4.44%

Short Term Investments

0.70%

Reverse Repurchase Agreements

-0.41%

N/A

3.99%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

6.97%

1 to 5 years

34.91%

5 to 10 years

45.98%

10 to 20 years

6.65%

20 to 30 years

2.64%

More Than 30 years

0.96%

Other

1.89%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

6.94%

Average Bond Price:

99.73

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

27.49%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

27.49%

Average Maturity:

6.56  Years

Effective Duration:

4.40  Years

Total Net Assets:

$1,075.80 Million

Net Asset Value:

$12.48

Number of Holdings:

1661

Portfolio Turnover:

51%

* 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.