AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27
1.06 %
2) CCO Holdings 4.50%, 08/15/30 – 06/01/33
0.70 %
3) CCO Holdings 4.75%, 02/01/32
0.63 %
4) Dominican Republic Intl Bond 8.625%, 04/20/27
0.61 %
5) Royal Caribbean Cruises 5.50%, 08/31/26 – 04/01/28
0.53 %
6) AMMC CLO 25 Ltd. 12.051%, 04/15/35
0.51 %
7) Allied Universal Holdco/Allied Universal Finance Corp. 4.625%, 06/01/28
0.42 %
8) Palmer Square CLO Ltd. 11.713%, 01/15/35
0.42 %
9) Altice France SA 5.125%, 01/15/29 – 07/15/29
0.40 %
10) DaVita, Inc. 4.625%, 06/01/30
0.38 %
Investment Type
Portfolio %
Corporates – Non-Investment Grade
Industrial
Energy
7.14 %
Consumer Non-Cyclical
6.85 %
Communications – Media
6.09 %
Capital Goods
4.49 %
Basic
4.00 %
Consumer Cyclical – Other
3.47 %
Consumer Cyclical – Retailers
2.96 %
Communications – Telecommunications
2.75 %
Services
2.71 %
Consumer Cyclical – Automotive
2.51 %
Consumer Cyclical – Entertainment
1.78 %
Technology
1.72 %
Transportation – Services
1.18 %
Transportation – Airlines
1.10 %
Consumer Cyclical – Restaurants
0.52 %
Other Industrial
0.46 %
SUBTOTAL
49.73 %
Credit Default Swaps
14.56 %
Financial Institutions
Finance
2.02 %
REITs
1.01 %
Brokerage
0.94 %
Insurance
0.91 %
Other Finance
0.70 %
Banking
0.41 %
SUBTOTAL
5.99 %
Utility
Electric
0.81 %
Natural Gas
0.06 %
SUBTOTAL
0.87 %
SUBTOTAL
71.15 %
Corporates – Investment Grade
Industrial
Consumer Cyclical – Automotive
2.14 %
Energy
1.23 %
Communications – Media
1.11 %
Consumer Non-Cyclical
1.09 %
Basic
1.03 %
Consumer Cyclical – Other
0.87 %
Consumer Cyclical – Retailers
0.28 %
Transportation – Services
0.25 %
Consumer Cyclical – Entertainment
0.23 %
Capital Goods
0.19 %
Communications – Telecommunications
0.07 %
Technology
0.06 %
Transportation – Airlines
0.05 %
Other Industrial
0.04 %
Services
0.03 %
Transportation – Railroads
0.03 %
SUBTOTAL
8.70 %
Financial Institutions
Banking
5.60 %
Insurance
1.23 %
Finance
0.62 %
REITs
0.26 %
Brokerage
0.16 %
SUBTOTAL
7.87 %
Utility
Electric
1.38 %
Other Utility
0.05 %
SUBTOTAL
1.43 %
SUBTOTAL
18.00 %
Emerging Markets – Corporate Bonds
Industrial
Basic
1.75 %
Energy
1.07 %
Consumer Cyclical – Other
1.00 %
Consumer Non-Cyclical
0.70 %
Communications – Media
0.20 %
Capital Goods
0.18 %
Consumer Cyclical – Retailers
0.14 %
Communications – Telecommunications
0.13 %
Consumer Cyclical – Automotive
0.05 %
Services
0.04 %
Transportation – Services
0.02 %
SUBTOTAL
5.28 %
Utility
Electric
0.42 %
Other Utility
0.07 %
SUBTOTAL
0.49 %
Financial Institutions
Banking
0.12 %
SUBTOTAL
0.12 %
SUBTOTAL
5.89 %
Interest Rate Futures
3.62 %
Collateralized Loan Obligations
CLO – Floating Rate
3.54 %
SUBTOTAL
3.54 %
Bank Loans
Industrial
Consumer Non-Cyclical
0.73 %
Communications – Media
0.43 %
Technology
0.42 %
Communications – Telecommunications
0.36 %
Energy
0.35 %
Capital Goods
0.19 %
Other Industrial
0.17 %
Consumer Cyclical – Retailers
0.05 %
Consumer Cyclical – Restaurants
0.02 %
Transportation – Airlines
0.02 %
SUBTOTAL
2.74 %
Financial Institutions
Insurance
0.32 %
Finance
0.02 %
SUBTOTAL
0.34 %
SUBTOTAL
3.08 %
Collateralized Mortgage Obligations
Risk Share Floating Rate
2.16 %
Non-Agency Fixed Rate
0.32 %
Non-Agency Floating Rate
0.29 %
Agency Fixed Rate
0.21 %
SUBTOTAL
2.98 %
Emerging Markets – Sovereigns
Emerging Markets – Sovereigns
2.18 %
Credit Default Swaps
0.27 %
SUBTOTAL
2.45 %
U.S. Govt & Agency Securities
1.65 %
Quasi-Sovereigns
Quasi-Sovereign Bonds
1.20 %
SUBTOTAL
1.20 %
EM Government Agencies
0.49 %
Local Governments – US Municipal Bonds
0.40 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.35 %
SUBTOTAL
0.35 %
Asset-Backed Securities
Other ABS – Floating Rate
0.26 %
Autos – Fixed Rate
0.08 %
SUBTOTAL
0.34 %
Inflation-Linked Securities
0.24 %
Common Stocks
0.16 %
Preferred Stocks
Industrials
0.09 %
SUBTOTAL
0.09 %
Forward Currency Exchange Contracts
Currency Instruments
-0.03 %
SUBTOTAL
-0.03 %
Reverse Repurchase Agreements
-0.60 %
Cash & Cash Equivalents
Funds and Investment Trusts
2.01 %
Cash
1.35 %
SUBTOTAL
3.36 %
Derivative Offsets
Futures Offsets
-3.62 %
Swap Offsets
-14.74 %
SUBTOTAL
-18.36 %
TOTAL
100.00 %
Country Breakdown
Portfolio %
United States
66.37 %
United Kingdom
3.91 %
France
2.65 %
Canada
2.14 %
Spain
1.68 %
Germany
1.65 %
Brazil
1.45 %
Colombia
1.38 %
Mexico
1.35 %
Luxembourg
1.14 %
Italy
0.99 %
Australia
0.95 %
India
0.92 %
Israel
0.79 %
Chile
0.76 %
Macau
0.63 %
Dominican Republic
0.61 %
China
0.57 %
South Africa
0.54 %
Nigeria
0.53 %
Peru
0.53 %
Hong Kong
0.52 %
Netherlands
0.48 %
Ireland
0.41 %
Puerto Rico
0.39 %
Switzerland
0.38 %
Kazakhstan
0.36 %
Turkey
0.33 %
Angola
0.32 %
Finland
0.32 %
Norway
0.32 %
Indonesia
0.27 %
Zambia
0.26 %
Egypt
0.23 %
El Salvador
0.23 %
Slovenia
0.22 %
Japan
0.18 %
Jersey (Channel Islands)
0.18 %
Ukraine
0.15 %
Panama
0.14 %
Guatemala
0.12 %
Argentina
0.10 %
Sweden
0.10 %
Azerbaijan
0.08 %
Malaysia
0.08 %
Morocco
0.05 %
Trinidad and Tobago
0.05 %
United Republic of Tanzania
0.05 %
Czech Republic
0.04 %
Kuwait
0.04 %
Romania
0.04 %
Cash & Cash Equivalents
2.02 %
Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %
US Dollar
100.15 %
Canadian Dollar
0.19 %
Pound Sterling
0.11 %
Norwegian Krone
0.02 %
Brazilian Real
0.01 %
Chinese Yuan Renminbi (Offshore)
0.01 %
Indonesian Rupiah
0.01 %
Chilean Peso
-0.01 %
Czech Koruna
-0.01 %
Polish Zloty
-0.01 %
Colombian Peso
-0.11 %
Euro
-0.36 %
Total Net Assets
100.00 %
Credit Rating
Portfolio %
AAA
1.11 %
AA
0.31 %
A
2.75 %
BBB
17.71 %
BB
43.55 %
B
20.33 %
CCC
7.47 %
CC
0.33 %
D
0.01 %
Not Rated
2.59 %
Short Term Investments
2.01 %
Reverse Repurchase Agreements
-0.61 %
N/A
2.44 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
8.65 %
1 To 5 Years
61.30 %
5 To 10 Years
25.40 %
10 To 20 Years
2.23 %
20 To 30 Years
1.77 %
More than 30 Years
0.49 %
Other
0.16 %
Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.37 %
Average Bond Price:
96.42
Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %
Investment Operations:*
14.87 %
Preferred Stock:
0.00 %
Tender Option Bonds:
0.00 %
VMTP Shares:
0.00 %
VRDP Shares:
0.00 %
Total Fund Leverage:
14.87 %
Average Maturity:
5.17 Years
Effective Duration:
3.07 Years
Total Net Assets:
$979.84 Million
Net Asset Value:
$11.36
Total Number of Holdings:
1,270
Portfolio Turnover:
45.00 %
* 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.