AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27
1.05 %
2) CCO Holdings 4.50%, 08/15/30 – 06/01/33
0.80 %
3) CCO Holdings 4.75%, 02/01/32
0.64 %
4) Dominican Republic Intl Bond 8.625%, 04/20/27
0.60 %
5) Royal Caribbean Cruises 5.50%, 08/31/26 – 04/01/28
0.53 %
6) AMMC CLO 25 Ltd. 11.406%, 04/15/35
0.51 %
7) Altice France SA 5.125%, 01/15/29 – 07/15/29
0.46 %
8) DaVita, Inc. 4.625%, 06/01/30
0.46 %
9) Bausch Health Cos., Inc. 4.875%, 06/01/28
0.43 %
10) EchoStar Corp. 10.75%, 11/30/29
0.42 %
Investment Type
Portfolio %
Corporates – Non-Investment Grade
Industrial
Energy
7.41 %
Consumer Non-Cyclical
7.04 %
Communications – Media
6.97 %
Capital Goods
4.53 %
Basic
4.27 %
Consumer Cyclical – Other
3.78 %
Communications – Telecommunications
3.75 %
Consumer Cyclical – Retailers
3.27 %
Services
2.66 %
Consumer Cyclical – Automotive
2.36 %
Technology
2.02 %
Consumer Cyclical – Entertainment
1.74 %
Transportation – Services
1.30 %
Transportation – Airlines
0.70 %
Consumer Cyclical – Restaurants
0.52 %
Other Industrial
0.41 %
Transportation – Railroads
0.04 %
SUBTOTAL
52.77 %
Credit Default Swaps
14.44 %
Financial Institutions
Finance
2.14 %
Brokerage
1.16 %
REITs
1.11 %
Insurance
0.87 %
Other Finance
0.55 %
Banking
0.50 %
SUBTOTAL
6.33 %
Utility
Electric
1.35 %
Natural Gas
0.06 %
SUBTOTAL
1.41 %
SUBTOTAL
74.95 %
Corporates – Investment Grade
Industrial
Communications – Media
1.37 %
Energy
1.22 %
Consumer Cyclical – Automotive
0.87 %
Consumer Cyclical – Other
0.73 %
Basic
0.66 %
Consumer Non-Cyclical
0.47 %
Capital Goods
0.43 %
Transportation – Airlines
0.38 %
Consumer Cyclical – Entertainment
0.30 %
Transportation – Services
0.21 %
Consumer Cyclical – Retailers
0.20 %
Other Industrial
0.05 %
Technology
0.03 %
Transportation – Railroads
0.03 %
Services
0.02 %
SUBTOTAL
6.97 %
Financial Institutions
Banking
4.30 %
Insurance
0.82 %
Finance
0.64 %
REITs
0.37 %
Brokerage
0.13 %
SUBTOTAL
6.26 %
Utility
Electric
1.41 %
Other Utility
0.05 %
SUBTOTAL
1.46 %
SUBTOTAL
14.69 %
Emerging Markets – Corporate Bonds
Industrial
Basic
1.95 %
Energy
1.13 %
Consumer Cyclical – Other
0.96 %
Consumer Non-Cyclical
0.79 %
Capital Goods
0.26 %
Communications – Telecommunications
0.16 %
Consumer Cyclical – Retailers
0.14 %
Communications – Media
0.09 %
Transportation – Services
0.07 %
Other Industrial
0.03 %
Consumer Cyclical – Automotive
0.02 %
SUBTOTAL
5.60 %
Utility
Electric
0.44 %
Other Utility
0.07 %
SUBTOTAL
0.51 %
Financial Institutions
Banking
0.12 %
SUBTOTAL
0.12 %
SUBTOTAL
6.23 %
Bank Loans
Industrial
Consumer Non-Cyclical
0.98 %
Technology
0.98 %
Communications – Media
0.67 %
Communications – Telecommunications
0.50 %
Transportation – Airlines
0.23 %
Capital Goods
0.20 %
Other Industrial
0.16 %
Energy
0.15 %
Consumer Cyclical – Retailers
0.05 %
Consumer Cyclical – Restaurants
0.02 %
SUBTOTAL
3.94 %
Financial Institutions
Insurance
0.38 %
Finance
0.02 %
SUBTOTAL
0.40 %
SUBTOTAL
4.34 %
Interest Rate Futures
3.22 %
Collateralized Loan Obligations
CLO – Floating Rate
2.83 %
SUBTOTAL
2.83 %
Collateralized Mortgage Obligations
Risk Share Floating Rate
1.55 %
Non-Agency Fixed Rate
0.31 %
Non-Agency Floating Rate
0.28 %
Agency Fixed Rate
0.21 %
SUBTOTAL
2.35 %
Emerging Markets – Sovereigns
2.33 %
U.S. Govt & Agency Securities
1.62 %
Quasi-Sovereigns
Quasi-Sovereign Bonds
1.20 %
SUBTOTAL
1.20 %
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
0.22 %
Autos – Fixed Rate
0.08 %
SUBTOTAL
0.30 %
Emerging Markets – Treasuries
0.24 %
Inflation-Linked Securities
0.22 %
Forward Currency Exchange Contracts
Currency Instruments
0.13 %
SUBTOTAL
0.13 %
Common Stocks
0.12 %
Preferred Stocks
Industrials
0.09 %
SUBTOTAL
0.09 %
Reverse Repurchase Agreements
-0.55 %
EM Government Agencies
-0.81 %
Cash & Cash Equivalents
Cash
1.20 %
Funds and Investment Trusts
0.69 %
SUBTOTAL
1.89 %
Derivative Offsets
Futures Offsets
-3.20 %
Swap Offsets
-12.94 %
SUBTOTAL
-16.14 %
TOTAL
100.00 %
Country Breakdown
Portfolio %
United States
68.28 %
United Kingdom
3.37 %
Canada
2.47 %
France
2.28 %
Germany
1.54 %
Brazil
1.50 %
Colombia
1.43 %
Mexico
1.32 %
Italy
1.23 %
Spain
1.22 %
Luxembourg
1.08 %
India
1.04 %
South Africa
0.90 %
Dominican Republic
0.85 %
Israel
0.82 %
Chile
0.77 %
Australia
0.63 %
China
0.61 %
Peru
0.58 %
Nigeria
0.57 %
Hong Kong
0.52 %
Macau
0.51 %
Netherlands
0.50 %
Puerto Rico
0.44 %
Turkey
0.38 %
Kazakhstan
0.36 %
Angola
0.31 %
Finland
0.31 %
Switzerland
0.31 %
Ireland
0.30 %
Indonesia
0.25 %
Jersey (Channel Islands)
0.25 %
Egypt
0.24 %
Norway
0.21 %
Panama
0.21 %
Slovenia
0.20 %
Romania
0.19 %
Zambia
0.17 %
El Salvador
0.16 %
Guatemala
0.14 %
Azerbaijan
0.11 %
Ukraine
0.10 %
Ecuador
0.09 %
Malaysia
0.08 %
Cayman Islands
0.07 %
Japan
0.07 %
Argentina
0.05 %
Jamaica
0.05 %
Austria
0.04 %
Czech Republic
0.04 %
Kuwait
0.04 %
Morocco
0.04 %
Serbia
0.03 %
Uzbekistan
0.03 %
Trinidad and Tobago
0.02 %
Cash & Cash Equivalents
0.69 %
Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %
US Dollar
100.27 %
Canadian Dollar
0.18 %
Pound Sterling
0.10 %
Dominican Peso
0.07 %
Norwegian Krone
0.02 %
Brazilian Real
0.01 %
Indonesian Rupiah
0.01 %
Swedish Krona
0.01 %
South African Rand
0.01 %
South Korean Won
-0.01 %
Colombian Peso
-0.09 %
Euro
-0.58 %
Total Net Assets
100.00 %
Credit Rating
Portfolio %
AAA
1.36 %
AA
0.20 %
A
1.24 %
BBB
15.93 %
BB
44.82 %
B
23.26 %
CCC
8.14 %
CC
0.11 %
C
0.05 %
Not Rated
2.89 %
Short Term Investments
0.69 %
Reverse Repurchase Agreements
-0.54 %
N/A
1.85 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
7.30 %
1 To 5 Years
66.36 %
5 To 10 Years
21.85 %
10 To 20 Years
2.50 %
20 To 30 Years
1.64 %
More than 30 Years
0.23 %
Other
0.12 %
Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.45 %
Average Bond Price:
96.67
Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %
Investment Operations:*
14.91 %
Preferred Stock:
0.00 %
Tender Option Bonds:
0.00 %
VMTP Shares:
0.00 %
VRDP Shares:
0.00 %
Total Fund Leverage:
14.91 %
Average Maturity:
4.57 Years
Effective Duration:
3.06 Years
Total Net Assets:
$987.60 Million
Net Asset Value:
$11.45
Total Number of Holdings:
1,240
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.