AllianceBernstein Global Hgh Incm Fd : 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 

3.64%

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

2.62%

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

1.90%

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

0.91%

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

0.69%

6) Malaysia Government Bond Series 511 3.58%, 9/28/18 

0.67%

7) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 2.271%, 1/25/37 

0.62%

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

0.57%

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

0.56%

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

0.56%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Energy

6.99%

Communications - Media

4.28%

Basic

3.57%

Consumer Non-Cyclical

3.21%

Communications - Telecommunications

2.72%

Consumer Cyclical - Other

2.32%

Services

1.70%

Capital Goods

1.69%

Technology

1.52%

Consumer Cyclical - Automotive

1.42%

Consumer Cyclical - Retailers

0.92%

Transportation - Services

0.83%

Other Industrial

0.59%

Consumer Cyclical - Entertainment

0.39%

Consumer Cyclical - Restaurants

0.12%

Transportation - Airlines

0.09%

SUBTOTAL

32.36%

Credit Default Swaps

10.00%

SUBTOTAL

10.00%

Financial Institutions

Banking

4.73%

Finance

1.08%

Insurance

0.71%

Other Finance

0.54%

REITS

0.19%

Brokerage

0.13%

SUBTOTAL

7.38%

Utility

Electric

1.35%

Natural Gas

0.17%

SUBTOTAL

1.52%

SUBTOTAL

51.26%

Interest Rate Swaps

15.30%

Global Governments

13.27%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.32%

Non-Agency Fixed Rate

1.09%

Non-Agency Floating Rate

0.98%

SUBTOTAL

11.39%

Interest Rate Futures

7.48%

Emerging Markets - Sovereigns

Credit Default Swaps

0.69%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.60%

Non-Agency Fixed Rate CMBS

2.10%

Non-Agency Floating Rate CMBS

0.15%

SUBTOTAL

6.85%

Corporates - Investment Grade

Financial Institutions

Insurance

1.79%

Banking

1.67%

REITS

0.23%

Brokerage

0.09%

SUBTOTAL

3.78%

Industrial

Basic

0.67%

Energy

0.45%

Technology

0.43%

Capital Goods

0.26%

Communications - Telecommunications

0.23%

Consumer Non-Cyclical

0.19%

Communications - Media

0.14%

Consumer Cyclical - Automotive

0.12%

Consumer Cyclical - Other

0.08%

Services

0.06%

Transportation - Airlines

0.03%

SUBTOTAL

2.66%

SUBTOTAL

0.00%

SUBTOTAL

6.44%

Total Return Swaps

4.75%

Emerging Markets - Treasuries

4.48%

Emerging Markets - Corporate Bonds

Industrial

Basic

0.94%

Energy

0.91%

Consumer Non-Cyclical

0.87%

Communications - Telecommunications

0.45%

Capital Goods

0.23%

Consumer Cyclical - Other

0.18%

Transportation - Services

0.15%

Technology

0.05%

Consumer Cyclical - Retailers

0.05%

Transportation - Airlines

0.03%

SUBTOTAL

3.86%

Financial Institutions

Banking

0.35%

Finance

0.05%

Insurance

0.01%

SUBTOTAL

0.41%

Utility

Electric

0.13%

SUBTOTAL

0.13%

SUBTOTAL

4.40%

Bank Loans

Industrial

Consumer Non-Cyclical

1.10%

Capital Goods

0.41%

Services

0.36%

Energy

0.26%

Technology

0.25%

Consumer Cyclical - Retailers

0.24%

Other Industrial

0.21%

Consumer Cyclical - Other

0.20%

Communications - Telecommunications

0.11%

Consumer Cyclical - Entertainment

0.08%

Basic

0.08%

Consumer Cyclical - Automotive

0.03%

Consumer Cyclical - Restaurants

0.02%

SUBTOTAL

3.35%

Financial Institutions

Insurance

0.09%

SUBTOTAL

0.09%

SUBTOTAL

3.44%

Common Stocks

1.81%

Asset-Backed Securities

Other ABS - Fixed Rate

1.14%

Home Equity Loans - Fixed Rate

0.36%

Autos - Fixed Rate

0.07%

Home Equity Loans - Floating Rate

0.02%

SUBTOTAL

1.59%

Preferred Stocks

Industrial

0.86%

Financial Institutions

0.19%

Utility

0.03%

SUBTOTAL

1.08%

Inflation-Linked Securities

0.63%

Local Governments - Regional Bonds

0.47%

Local Governments - US Municipal Bonds

0.47%

Currency Instruments

Forward Currency Exchange Contracts

0.46%

SUBTOTAL

0.46%

Investment Companies

Funds and Investment Trusts

0.46%

SUBTOTAL

0.46%

Collateralized Loan Obligations

CLO - Floating Rate

0.17%

SUBTOTAL

0.17%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.12%

SUBTOTAL

0.12%

Whole Loan Trusts

Performing Asset

0.07%

SUBTOTAL

0.07%

Options Purchased - Puts

Options on Forward Contracts

0.04%

SUBTOTAL

0.04%

Warrants

0.02%

Equity Futures

Equity Index Futures

-0.06%

SUBTOTAL

-0.06%

Call Options Written

-0.08%

Put Options Written

-0.09%

Reverse Repurchase Agreements

-5.98%

Net Cash Equivalents

Investment Companies

3.71%

Cash

1.49%

Governments - Treasuries

0.26%

Emerging Markets - Sovereigns

0.13%

Foreign Currency

-0.02%

SUBTOTAL

5.57%

Derivative Offsets

Futures Offsets

-7.39%

Swaps Offsets

-35.68%

SUBTOTAL

-43.07%

Total

100.00%

Country Breakdown

Portfolio %

United States

65.65%

Brazil

3.85%

United Kingdom

2.63%

Argentina

2.34%

Canada

1.81%

Luxembourg

1.69%

Turkey

1.66%

France

1.65%

Indonesia

1.55%

Netherlands

1.16%

Italy

1.12%

Dominican Republic

1.05%

Malaysia

0.84%

Spain

0.81%

Ireland

0.79%

Switzerland

0.78%

Russia

0.66%

Egypt

0.62%

Colombia

0.60%

Sri Lanka

0.60%

Mexico

0.56%

Zambia

0.56%

South Africa

0.54%

Ivory Coast

0.49%

Ukraine

0.45%

Jamaica

0.40%

Cayman Islands

0.37%

India

0.35%

United Arab Emirates

0.30%

Denmark

0.24%

Gabon

0.23%

Germany

0.21%

Angola

0.20%

Venezuela

0.20%

Mongolia

0.19%

Nigeria

0.18%

Norway

0.18%

Israel

0.18%

Guatemala

0.16%

Ghana

0.15%

Ecuador

0.14%

El Salvador

0.14%

Sweden

0.14%

Bahrain

0.13%

Macau

0.13%

Chile

0.13%

Kenya

0.11%

Cameroon

0.11%

Uruguay

0.10%

Kazakhstan

0.09%

Honduras

0.09%

Australia

0.09%

Trinidad & Tobago

0.08%

Peru

0.08%

Senegal

0.07%

Costa Rica

0.07%

Lebanon

0.07%

Iraq

0.05%

Jordan

0.05%

Finland

0.05%

China

0.04%

Jersey (Channel Islands)

0.02%

Belarus

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

103.09%

Malaysian Ringgit

0.90%

Mexican Peso

0.61%

Australian Dollar

0.58%

Sri Lankan Rupee

0.52%

Russian Rubles

0.48%

Norwegian Krone

0.40%

Egypt Pound

0.39%

Dominican Peso

0.28%

Swiss Franc

0.19%

Great British Pound

0.18%

Uruguayan Peso

0.06%

Chinese Yuan Renminbi (Offshore)

0.01%

New Turkish Lira

0.01%

Argentine Peso

-0.06%

Swedish Krona

-0.09%

Brazilian Real

-0.10%

South Korean Won

-0.10%

Indonesian Rupiah

-0.11%

Indian Rupee

-0.19%

Colombian Peso

-0.50%

Canadian Dollar

-0.56%

South African Rand

-0.59%

Israeli New Shekel

-0.65%

Euro

-0.66%

New Zealand Dollar

-0.73%

Singapore Dollar

-0.75%

Japanese Yen

-0.86%

Taiwan New Dollar

-1.75%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

9.56%

AA

0.72%

A

2.16%

BBB

17.12%

BB

28.00%

B

26.37%

CCC

5.56%

CC

0.48%

C

0.29%

D

0.07%

Not Rated

6.80%

Short Term Investments

4.10%

Reverse Repurchase Agreements

-5.98%

N/A

4.75%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

10.67%

1 to 5 years

36.89%

5 to 10 years

38.23%

10 to 20 years

8.04%

20 to 30 years

3.50%

More Than 30 years

0.84%

Other

1.83%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.13%

Average Bond Price:

100.1

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

37.23%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

37.23%

Average Maturity:

6.72  Years

Effective Duration:

4.75  Years

Total Net Assets:

$1,141.51 Million

Net Asset Value:

$13.24

Number of Holdings:

1315

Portfolio Turnover:

34%

* 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.