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) NFE Financing LLC 12.00%, 11/15/29
0.83 %
3) CCO Holdings 4.50%, 08/15/30 – 06/01/33
0.78 %
4) CCO Holdings 4.75%, 02/01/32
0.63 %
5) Dominican Republic Intl Bond 8.625%, 04/20/27
0.60 %
6) Royal Caribbean Cruises 5.50%, 08/31/26 – 04/01/28
0.53 %
7) AMMC CLO 25 Ltd. 11.406%, 04/15/35
0.51 %
8) Altice France SA 5.125%, 01/15/29 – 07/15/29
0.49 %
9) Palmer Square CLO Ltd. 11.068%, 01/15/35
0.42 %
10) EchoStar Corp. 10.75%, 11/30/29
0.42 %
Investment Type
Portfolio %
Corporates – Non-Investment Grade
Industrial
Energy
7.46 %
Consumer Non-Cyclical
7.05 %
Communications – Media
6.94 %
Capital Goods
4.21 %
Basic
3.92 %
Communications – Telecommunications
3.80 %
Consumer Cyclical – Other
3.71 %
Consumer Cyclical – Retailers
3.19 %
Services
2.79 %
Consumer Cyclical – Automotive
2.20 %
Technology
1.97 %
Consumer Cyclical – Entertainment
1.68 %
Transportation – Services
1.36 %
Transportation – Airlines
0.74 %
Consumer Cyclical – Restaurants
0.52 %
Other Industrial
0.41 %
Transportation – Railroads
0.05 %
SUBTOTAL
52.00 %
Credit Default Swaps
14.35 %
Financial Institutions
Finance
2.17 %
REITs
1.40 %
Brokerage
1.17 %
Insurance
0.88 %
Other Finance
0.53 %
Banking
0.51 %
SUBTOTAL
6.66 %
Utility
Electric
1.35 %
Natural Gas
0.06 %
SUBTOTAL
1.41 %
SUBTOTAL
74.42 %
Corporates – Investment Grade
Industrial
Communications – Media
1.23 %
Energy
1.11 %
Consumer Cyclical – Automotive
0.91 %
Consumer Cyclical – Other
0.73 %
Basic
0.66 %
Consumer Non-Cyclical
0.62 %
Capital Goods
0.43 %
Transportation – Airlines
0.39 %
Consumer Cyclical – Entertainment
0.31 %
Transportation – Services
0.21 %
Consumer Cyclical – Retailers
0.20 %
Other Industrial
0.05 %
Technology
0.03 %
Transportation – Railroads
0.03 %
Services
0.02 %
SUBTOTAL
6.93 %
Financial Institutions
Banking
4.14 %
Insurance
0.79 %
Finance
0.64 %
REITs
0.37 %
Brokerage
0.13 %
SUBTOTAL
6.07 %
Utility
Electric
1.36 %
Other Utility
0.05 %
SUBTOTAL
1.41 %
SUBTOTAL
14.41 %
Emerging Markets – Corporate Bonds
Industrial
Basic
1.88 %
Energy
1.23 %
Consumer Cyclical – Other
0.97 %
Consumer Non-Cyclical
0.76 %
Capital Goods
0.29 %
Communications – Telecommunications
0.15 %
Consumer Cyclical – Retailers
0.14 %
Transportation – Services
0.07 %
Communications – Media
0.06 %
Other Industrial
0.03 %
SUBTOTAL
5.58 %
Utility
Electric
0.42 %
Other Utility
0.07 %
SUBTOTAL
0.49 %
Financial Institutions
Banking
0.12 %
Other Finance
0.02 %
SUBTOTAL
0.14 %
SUBTOTAL
6.21 %
Bank Loans
Industrial
Consumer Non-Cyclical
0.98 %
Technology
0.95 %
Communications – Media
0.67 %
Communications – Telecommunications
0.51 %
Transportation – Airlines
0.23 %
Capital Goods
0.20 %
Other Industrial
0.20 %
Transportation – Services
0.17 %
Energy
0.15 %
Consumer Cyclical – Retailers
0.05 %
Consumer Cyclical – Restaurants
0.02 %
SUBTOTAL
4.13 %
Financial Institutions
Insurance
0.38 %
Brokerage
0.16 %
Finance
0.02 %
SUBTOTAL
0.56 %
SUBTOTAL
4.69 %
Interest Rate Futures
3.24 %
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
2.32 %
Collateralized Loan Obligations
CLO – Floating Rate
2.28 %
SUBTOTAL
2.28 %
U.S. Govt & Agency Securities
1.62 %
Quasi-Sovereigns
Quasi-Sovereign Bonds
1.20 %
SUBTOTAL
1.20 %
Local Governments – US Municipal Bonds
0.39 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.35 %
SUBTOTAL
0.35 %
Asset-Backed Securities
Other ABS – Floating Rate
0.21 %
Autos – Fixed Rate
0.08 %
SUBTOTAL
0.29 %
Emerging Markets – Treasuries
0.23 %
Inflation-Linked Securities
0.22 %
Common Stocks
0.19 %
Preferred Stocks
Industrials
0.09 %
SUBTOTAL
0.09 %
Forward Currency Exchange Contracts
Currency Instruments
0.08 %
SUBTOTAL
0.08 %
Reverse Repurchase Agreements
-0.28 %
EM Government Agencies
-0.89 %
Cash & Cash Equivalents
Cash
1.69 %
Funds and Investment Trusts
1.14 %
Corporates – Non-Investment Grade
0.05 %
SUBTOTAL
2.88 %
Derivative Offsets
Futures Offsets
-3.23 %
Swap Offsets
-13.06 %
SUBTOTAL
-16.29 %
TOTAL
100.00 %
Country Breakdown
Portfolio %
United States
68.04 %
United Kingdom
3.37 %
Canada
2.43 %
France
2.31 %
Brazil
1.48 %
Colombia
1.38 %
Germany
1.37 %
Mexico
1.35 %
Spain
1.22 %
Italy
1.18 %
India
1.04 %
Luxembourg
0.97 %
Dominican Republic
0.85 %
South Africa
0.85 %
Israel
0.81 %
Chile
0.78 %
Australia
0.69 %
China
0.61 %
Peru
0.58 %
Nigeria
0.57 %
Netherlands
0.56 %
Hong Kong
0.53 %
Macau
0.52 %
Puerto Rico
0.44 %
Kazakhstan
0.36 %
Turkey
0.36 %
Indonesia
0.34 %
Angola
0.32 %
Finland
0.32 %
Switzerland
0.31 %
Ireland
0.30 %
Jersey (Channel Islands)
0.29 %
Egypt
0.24 %
Norway
0.21 %
Slovenia
0.20 %
Panama
0.19 %
Romania
0.18 %
Zambia
0.17 %
El Salvador
0.16 %
Azerbaijan
0.11 %
Guatemala
0.11 %
Ukraine
0.11 %
Ecuador
0.08 %
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
1.15 %
Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %
US Dollar
100.18 %
Canadian Dollar
0.18 %
Pound Sterling
0.11 %
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 %
Czech Koruna
-0.01 %
South Korean Won
-0.01 %
Colombian Peso
-0.11 %
Euro
-0.47 %
Total Net Assets
100.00 %
Credit Rating
Portfolio %
AAA
1.13 %
AA
0.20 %
A
1.24 %
BBB
15.57 %
BB
44.23 %
B
23.14 %
CCC
8.34 %
CC
0.20 %
C
0.03 %
Not Rated
2.53 %
Short Term Investments
1.19 %
Reverse Repurchase Agreements
-0.29 %
N/A
2.49 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
7.81 %
1 To 5 Years
65.75 %
5 To 10 Years
21.73 %
10 To 20 Years
2.77 %
20 To 30 Years
0.96 %
More than 30 Years
0.79 %
Other
0.19 %
Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.36 %
Average Bond Price:
95.99
Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %
Investment Operations:*
14.18 %
Preferred Stock:
0.00 %
Tender Option Bonds:
0.00 %
VMTP Shares:
0.00 %
VRDP Shares:
0.00 %
Total Fund Leverage:
14.18 %
Average Maturity:
4.51 Years
Effective Duration:
3.05 Years
Total Net Assets:
$978.32 Million
Net Asset Value:
$11.35
Total Number of Holdings:
1,218
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.