AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

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

3.82%

2) U.S. Treasury Notes  0.875%, 4/15/19 

3.53%

3) Turkey Government Bond  11.00%, 2/24/27 

1.18%

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

1.04%

5) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27 

1.00%

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

0.93%

7) Mexican Bonos Series M 6.50%, 6/10/21 

0.88%

8) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27 

0.77%

9) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 

0.74%

10) Turkey Government Bond  11.10%, 5/15/19 

0.74%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Communications - Media

4.09%

Consumer Non-Cyclical

4.06%

Energy

3.87%

Basic

3.18%

Communications - Telecommunications

3.00%

Consumer Cyclical - Other

2.83%

Capital Goods

1.90%

Technology

1.56%

Services

1.55%

Transportation - Services

1.10%

Consumer Cyclical - Retailers

1.00%

Consumer Cyclical - Automotive

0.99%

Other Industrial

0.96%

Consumer Cyclical - Entertainment

0.22%

Consumer Cyclical - Restaurants

0.19%

Transportation - Airlines

0.10%

SUBTOTAL

30.60%

Financial Institutions

Banking

3.46%

Finance

1.02%

Insurance

0.39%

Other Finance

0.37%

Brokerage

0.14%

REITS

0.04%

SUBTOTAL

5.42%

Credit Default Swaps

1.97%

SUBTOTAL

1.97%

Utility

Electric

1.13%

Natural Gas

0.02%

SUBTOTAL

1.15%

SUBTOTAL

39.14%

Global Governments

14.82%

Collateralized Mortgage Obligations

Risk Share Floating Rate

8.85%

Non-Agency Fixed Rate

1.80%

Non-Agency Floating Rate

1.14%

SUBTOTAL

11.79%

Corporates - Investment Grade

Industrial

Basic

0.95%

Energy

0.60%

Technology

0.55%

Communications - Telecommunications

0.50%

Communications - Media

0.43%

Consumer Cyclical - Automotive

0.27%

Capital Goods

0.26%

Consumer Non-Cyclical

0.17%

Consumer Cyclical - Other

0.09%

Transportation - Airlines

0.07%

Services

0.06%

SUBTOTAL

3.95%

Financial Institutions

Banking

1.53%

Insurance

1.06%

REITS

0.68%

Brokerage

0.09%

Finance

0.02%

SUBTOTAL

3.38%

Credit Default Swaps

0.92%

SUBTOTAL

0.92%

Utility

Electric

0.12%

SUBTOTAL

0.12%

SUBTOTAL

8.37%

Interest Rate Futures

8.32%

Emerging Markets - Treasuries

8.08%

Emerging Markets - Sovereigns

7.11%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.19%

Non-Agency Fixed Rate CMBS

2.32%

Non-Agency Floating Rate CMBS

0.16%

SUBTOTAL

6.67%

Total Return Swaps

5.15%

Interest Rate Swaps

4.92%

Emerging Markets - Corporate Bonds

Industrial

Energy

1.02%

Basic

0.89%

Communications - Telecommunications

0.48%

Consumer Non-Cyclical

0.44%

Capital Goods

0.27%

Transportation - Airlines

0.25%

Consumer Cyclical - Other

0.21%

Transportation - Services

0.15%

Consumer Cyclical - Retailers

0.07%

Technology

0.05%

Other Industrial

0.04%

SUBTOTAL

3.87%

Financial Institutions

Banking

0.28%

Finance

0.05%

SUBTOTAL

0.33%

SUBTOTAL

4.20%

Bank Loans

Industrial

Technology

0.54%

Consumer Non-Cyclical

0.51%

Consumer Cyclical - Retailers

0.45%

Capital Goods

0.31%

Energy

0.24%

Consumer Cyclical - Other

0.21%

Consumer Cyclical - Entertainment

0.18%

Other Industrial

0.12%

Services

0.09%

Basic

0.08%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

2.80%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

2.84%

Common Stocks

1.46%

Inflation-Linked Securities

1.29%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.67%

Other ABS - Fixed Rate

0.53%

Autos - Fixed Rate

0.06%

Home Equity Loans - Floating Rate

0.03%

SUBTOTAL

1.29%

Preferred Stocks

Industrial

0.71%

Financial Institutions

0.36%

Utility

0.03%

SUBTOTAL

1.10%

Whole Loan Trusts

Performing Asset

0.56%

SUBTOTAL

0.56%

Local Governments - Regional Bonds

0.53%

Local Governments - US Municipal Bonds

0.46%

Equity Futures

Equity Index Futures

0.28%

SUBTOTAL

0.28%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.27%

SUBTOTAL

0.27%

Investment Companies

Funds and Investment Trusts

0.18%

SUBTOTAL

0.18%

Collateralized Loan Obligations

CLO - Floating Rate

0.11%

SUBTOTAL

0.11%

Warrants

0.02%

Options Purchased - Calls

Options on Forward Contracts

0.01%

Swaptions

0.01%

SUBTOTAL

0.02%

Options Purchased - Puts

Options on Funds and Investment Trusts

0.01%

SUBTOTAL

0.01%

Call Options Written

-0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.06%

SUBTOTAL

-0.06%

Put Options Written

-0.15%

Reverse Repurchase Agreements

-4.86%

Net Cash Equivalents

Investment Companies

0.52%

Cash

0.47%

Emerging Markets - Sovereigns

0.47%

Governments - Treasuries

0.18%

Treasury Bills

0.04%

SUBTOTAL

1.68%

Derivative Offsets

Futures Offsets

-8.59%

Swaps Offsets

-17.00%

SUBTOTAL

-25.59%

Total

100.00%

Country Breakdown

Portfolio %

United States

59.66%

Brazil

5.97%

Mexico

3.62%

Argentina

3.18%

Turkey

2.86%

United Kingdom

2.76%

Luxembourg

1.55%

Canada

1.46%

South Africa

1.38%

Dominican Republic

1.24%

France

1.15%

Ireland

1.08%

Indonesia

1.05%

Italy

0.97%

Egypt

0.91%

Colombia

0.80%

Switzerland

0.78%

Russia

0.78%

Sri Lanka

0.56%

Spain

0.55%

Ivory Coast

0.53%

Ukraine

0.46%

Malaysia

0.44%

Cayman Islands

0.43%

Netherlands

0.41%

Jamaica

0.39%

India

0.35%

Germany

0.33%

United Arab Emirates

0.30%

Venezuela

0.30%

Zambia

0.28%

Ecuador

0.26%

Gabon

0.24%

Honduras

0.19%

Mongolia

0.19%

Angola

0.18%

Norway

0.17%

Macau

0.16%

Guatemala

0.16%

Sweden

0.14%

El Salvador

0.14%

Israel

0.13%

Trinidad & Tobago

0.13%

Senegal

0.12%

Pakistan

0.12%

Cameroon

0.11%

Bahrain

0.10%

Barbados

0.09%

Nigeria

0.09%

Peru

0.08%

New Zealand

0.06%

Australia

0.06%

Kenya

0.06%

Uruguay

0.05%

Iraq

0.05%

Jordan

0.05%

Finland

0.05%

Ethiopia

0.05%

Lebanon

0.05%

China

0.04%

Chile

0.04%

Hong Kong

0.04%

Jersey (Channel Islands)

0.02%

Belarus

0.02%

Serbia

0.02%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

90.74%

Brazilian Real

2.44%

New Turkish Lira

2.00%

Norwegian Krone

1.63%

Argentine Peso

1.55%

Polish Zloty

1.54%

Indonesian Rupiah

1.51%

Mexican Peso

1.44%

Russian Rubles

1.28%

Euro

1.15%

Hungarian Forint

1.04%

Swedish Krona

1.04%

Chinese Yuan Renminbi

1.03%

Malaysian Ringgit

1.00%

Egypt Pound

0.69%

Indian Rupee

0.51%

Dominican Peso

0.46%

Colombian Peso

0.45%

Sri Lankan Rupee

0.42%

Peruvian Sol

0.25%

Uruguayan Peso

0.06%

New Zealand Dollar

-0.50%

Australian Dollar

-0.56%

South Korean Won

-0.99%

Japanese Yen

-1.01%

Chinese Yuan Renminbi (Offshore)

-1.03%

Great British Pound

-1.53%

Canadian Dollar

-1.94%

Singapore Dollar

-2.01%

Swiss Franc

-2.66%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

9.13%

AA

0.72%

A

4.67%

BBB

15.69%

BB

30.24%

B

25.82%

CCC

7.03%

CC

0.73%

C

0.11%

D

0.29%

Not Rated

5.98%

Short Term Investments

1.21%

Reverse Repurchase Agreements

-4.86%

N/A

3.24%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

5.00%

1 to 5 years

41.33%

5 to 10 years

36.59%

10 to 20 years

9.34%

20 to 30 years

4.87%

More Than 30 years

1.39%

Other

1.48%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.25%

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

48.73%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

48.73%

Average Maturity:

7.20  Years

Effective Duration:

5.15  Years

Total Net Assets:

$1,213.18 Million

Net Asset Value:

$14.07

Number of Holdings:

1280

Portfolio Turnover:

48%