AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27
1.07 %
2) Altice France SA 5.125%, 01/15/29 – 07/15/29
0.56 %
3) CCO Holdings 4.50%, 08/15/30 – 06/01/33
0.52 %
4) Warnermedia Holdings 4.279%, 03/15/32
0.48 %
5) Warnermedia Holdings 5.05%, 03/15/42
0.46 %
6) DaVita, Inc. 4.625%, 06/01/30
0.46 %
7) Bausch Health Cos., Inc. 11.00%, 09/30/28
0.44 %
8) Societe Generale SA 5.512%, 05/22/31
0.43 %
9) Advance Auto Parts, Inc. 7.00%, 08/01/30
0.41 %
10) Dominican Republic Intl Bond 8.625%, 04/20/27
0.40 %
Investment Type
Portfolio %
Corporates – Non-Investment Grade
Industrial
Communications – Media
6.85 %
Consumer Non-Cyclical
6.58 %
Energy
6.56 %
Capital Goods
4.71 %
Consumer Cyclical – Retailers
4.64 %
Consumer Cyclical – Other
4.61 %
Basic
4.39 %
Communications – Telecommunications
3.46 %
Services
3.42 %
Consumer Cyclical – Automotive
3.13 %
Technology
2.22 %
Transportation – Services
1.80 %
Consumer Cyclical – Entertainment
1.00 %
Transportation – Airlines
0.75 %
Consumer Cyclical – Restaurants
0.64 %
Other Industrial
0.44 %
Transportation – Railroads
0.09 %
SUBTOTAL
55.29 %
Credit Default Swaps
13.34 %
Financial Institutions
Finance
2.47 %
REITs
1.36 %
Brokerage
1.12 %
Financial Services
0.87 %
Insurance
0.60 %
Banking
0.58 %
SUBTOTAL
7.00 %
Utility
Electric
1.14 %
Natural Gas
0.05 %
SUBTOTAL
1.19 %
SUBTOTAL
76.82 %
Corporates – Investment Grade
Industrial
Energy
1.61 %
Consumer Cyclical – Other
1.47 %
Basic
0.78 %
Consumer Cyclical – Automotive
0.77 %
Communications – Media
0.57 %
Consumer Non-Cyclical
0.38 %
Consumer Cyclical – Entertainment
0.34 %
Services
0.26 %
Transportation – Services
0.26 %
Communications – Telecommunications
0.20 %
Consumer Cyclical – Retailers
0.16 %
Transportation – Airlines
0.11 %
Other Industrial
0.07 %
Transportation – Railroads
0.03 %
SUBTOTAL
7.01 %
Financial Institutions
Banking
3.56 %
Insurance
0.68 %
REITs
0.57 %
Finance
0.47 %
Brokerage
0.13 %
SUBTOTAL
5.41 %
Utility
Electric
0.91 %
Other Utility
0.05 %
SUBTOTAL
0.96 %
SUBTOTAL
13.38 %
Emerging Markets – Corporate Bonds
Industrial
Basic
1.73 %
Energy
1.09 %
Consumer Cyclical – Other
0.92 %
Consumer Non-Cyclical
0.66 %
Communications – Telecommunications
0.21 %
Transportation – Services
0.20 %
Capital Goods
0.16 %
Communications – Media
0.09 %
Consumer Cyclical – Retailers
0.05 %
Services
0.02 %
SUBTOTAL
5.13 %
Utility
Electric
0.51 %
Other Utility
0.16 %
SUBTOTAL
0.67 %
Financial Institutions
Banking
0.22 %
Finance
0.05 %
SUBTOTAL
0.27 %
SUBTOTAL
6.07 %
Bank Loans
Industrial
Technology
1.34 %
Consumer Non-Cyclical
0.83 %
Communications – Media
0.64 %
Communications – Telecommunications
0.35 %
Consumer Cyclical – Retailers
0.26 %
Capital Goods
0.20 %
Transportation – Airlines
0.20 %
Consumer Cyclical – Other
0.17 %
Other Industrial
0.17 %
Transportation – Services
0.17 %
Consumer Cyclical – Automotive
0.10 %
Consumer Cyclical – Restaurants
0.02 %
SUBTOTAL
4.45 %
Financial Institutions
Insurance
0.29 %
Brokerage
0.15 %
Finance
0.15 %
Financial Services
0.07 %
Banking
0.02 %
SUBTOTAL
0.68 %
SUBTOTAL
5.13 %
Emerging Markets – Sovereigns
Emerging Markets – Sovereigns
3.07 %
Credit Default Swaps
-0.25 %
SUBTOTAL
2.82 %
Interest Rate Futures
2.12 %
Collateralized Mortgage Obligations
Risk Share Floating Rate
1.10 %
Non-Agency Fixed Rate
0.29 %
Non-Agency Floating Rate
0.25 %
Agency Fixed Rate
0.17 %
SUBTOTAL
1.81 %
U.S. Govt & Agency Securities
1.63 %
Quasi-Sovereigns
Quasi-Sovereign Bonds
1.41 %
SUBTOTAL
1.41 %
EM Government Agencies
0.70 %
Local Governments – US Municipal Bonds
0.38 %
Emerging Markets – Treasuries
0.28 %
Inflation-Linked Securities
0.27 %
Collateralized Loan Obligations
CLO – Floating Rate
0.25 %
SUBTOTAL
0.25 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.20 %
SUBTOTAL
0.20 %
Common Stocks
0.18 %
Asset-Backed Securities
Other ABS – Floating Rate
0.12 %
Autos – Fixed Rate
0.04 %
SUBTOTAL
0.16 %
Governments – Sovereign Agencies
0.05 %
Preferred Stocks
Industrials
0.03 %
SUBTOTAL
0.03 %
Forward Currency Exchange Contracts
Currency Instruments
0.01 %
SUBTOTAL
0.01 %
Reverse Repurchase Agreements
-0.48 %
Cash & Cash Equivalents
Funds and Investment Trusts
1.75 %
Cash
0.24 %
SUBTOTAL
1.99 %
Derivative Offsets
Futures Offsets
-2.12 %
Swap Offsets
-13.09 %
SUBTOTAL
-15.21 %
TOTAL
100.00 %
Country Breakdown
Portfolio %
United States
65.65 %
France
3.51 %
United Kingdom
2.94 %
Canada
2.86 %
Brazil
1.82 %
Mexico
1.43 %
Italy
1.22 %
Spain
1.22 %
Germany
1.17 %
Colombia
1.13 %
Luxembourg
1.13 %
India
1.02 %
Turkey
1.00 %
Australia
0.85 %
South Africa
0.67 %
Nigeria
0.62 %
Hong Kong
0.61 %
Chile
0.60 %
Israel
0.53 %
Ireland
0.46 %
Japan
0.45 %
Angola
0.40 %
Dominican Republic
0.40 %
Netherlands
0.40 %
Finland
0.38 %
Indonesia
0.36 %
Macau
0.36 %
Senegal
0.36 %
China
0.34 %
Norway
0.34 %
Peru
0.33 %
Romania
0.33 %
Egypt
0.26 %
Puerto Rico
0.25 %
Jersey (Channel Islands)
0.24 %
El Salvador
0.22 %
Slovenia
0.22 %
Switzerland
0.22 %
Ecuador
0.21 %
Argentina
0.20 %
Panama
0.19 %
Guatemala
0.18 %
Kazakhstan
0.16 %
Zambia
0.16 %
Uzbekistan
0.13 %
Azerbaijan
0.11 %
Poland
0.09 %
Ukraine
0.09 %
Malaysia
0.08 %
Cayman Islands
0.07 %
Czech Republic
0.06 %
Trinidad and Tobago
0.06 %
Jamaica
0.05 %
Morocco
0.05 %
Kuwait
0.04 %
Serbia
0.03 %
Cash & Cash Equivalents
1.74 %
Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %
US Dollar
100.22 %
Canadian Dollar
0.18 %
Pound Sterling
0.14 %
Norwegian Krone
0.02 %
Indonesian Rupiah
0.01 %
South African Rand
0.01 %
Australian Dollar
-0.01 %
Chinese Yuan Renminbi (Offshore)
-0.01 %
Czech Koruna
-0.01 %
Hungarian Forint
-0.01 %
Singapore Dollar
-0.01 %
Euro
-0.53 %
Total Net Assets
100.00 %
Credit Rating
Portfolio %
AAA
2.42 %
AA
-1.20 %
A
0.90 %
BBB
14.52 %
BB
45.35 %
B
24.88 %
CCC
8.19 %
CC
0.08 %
C
0.16 %
D
0.07 %
Not Rated
2.15 %
Short Term Investments
1.75 %
Reverse Repurchase Agreements
-0.47 %
N/A
1.20 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
9.39 %
1 to 5 Years
71.73 %
5 to 10 Years
15.04 %
10 to 20 Years
2.80 %
20 to 30 Years
0.69 %
More than 30 Years
0.17 %
Other
0.18 %
Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.38 %
Average Bond Price:
97.82
Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %
Investment Operations:*
13.99 %
Preferred Stock:
0.00 %
Tender Option Bonds:
0.00 %
VMTP Shares:
0.00 %
VRDP Shares:
0.00 %
Total Fund Leverage:
13.99 %
Average Maturity:
4.16 Years
Effective Duration:
2.99 Years
Total Net Assets:
$993.16 Million
Net Asset Value:
$11.52
Total Number of Holdings:
1,252
Portfolio Turnover:
68.00 %
* 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.