AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) U.S. Treasury Notes 2.25%, 02/15/27
1.08 %
2) Bausch Health Cos., Inc. 11.00%, 09/30/28
0.53 %
3) DaVita, Inc. 4.625%, 06/01/30
0.46 %
4) Warnermedia Holdings 5.05%, 03/15/42
0.46 %
5) Societe Generale SA 5.512%, 05/22/31
0.44 %
6) Advance Auto Parts, Inc. 7.00%, 08/01/30
0.44 %
7) Dominican Republic Intl Bond 8.625%, 04/20/27
0.40 %
8) Tenet Healthcare Corp. 5.50%, 11/15/32
0.39 %
9) Millennium Escrow Corp. 6.625%, 08/01/26
0.39 %
10) Altice France SA 6.50%, 10/15/31 – 04/15/32
0.39 %
Investment Type
Portfolio %
Corporates – Non-Investment Grade
Industrial
Consumer Non-Cyclical
8.19 %
Communications – Media
6.69 %
Energy
6.47 %
Consumer Cyclical – Retailers
4.95 %
Capital Goods
4.78 %
Consumer Cyclical – Other
4.36 %
Basic
3.73 %
Communications – Telecommunications
3.30 %
Services
3.18 %
Consumer Cyclical – Automotive
2.69 %
Technology
2.40 %
Transportation – Services
1.83 %
Consumer Cyclical – Entertainment
0.84 %
Consumer Cyclical – Restaurants
0.72 %
Other Industrial
0.68 %
Transportation – Airlines
0.54 %
Transportation – Railroads
0.02 %
SUBTOTAL
55.37 %
Credit Default Swaps
13.31 %
Financial Institutions
Finance
2.36 %
REITs
1.38 %
Brokerage
1.03 %
Financial Services
1.00 %
Insurance
0.67 %
Banking
0.46 %
SUBTOTAL
6.90 %
Utility
Electric
1.36 %
Natural Gas
0.05 %
SUBTOTAL
1.41 %
SUBTOTAL
76.99 %
Corporates – Investment Grade
Industrial
Energy
1.82 %
Consumer Cyclical – Other
1.41 %
Consumer Cyclical – Automotive
0.82 %
Basic
0.71 %
Consumer Cyclical – Entertainment
0.59 %
Communications – Media
0.57 %
Consumer Non-Cyclical
0.42 %
Transportation – Services
0.27 %
Technology
0.26 %
Consumer Cyclical – Retailers
0.21 %
Communications – Telecommunications
0.20 %
Transportation – Airlines
0.11 %
Other Industrial
0.07 %
Services
0.05 %
Transportation – Railroads
0.03 %
SUBTOTAL
7.54 %
Financial Institutions
Banking
3.56 %
REITs
0.66 %
Insurance
0.64 %
Finance
0.47 %
Brokerage
0.13 %
SUBTOTAL
5.46 %
Utility
Electric
0.91 %
Other Utility
0.05 %
SUBTOTAL
0.96 %
SUBTOTAL
13.96 %
Emerging Markets – Corporate Bonds
Industrial
Basic
1.61 %
Energy
1.05 %
Consumer Cyclical – Other
0.85 %
Consumer Non-Cyclical
0.58 %
Transportation – Services
0.19 %
Capital Goods
0.16 %
Communications – Telecommunications
0.16 %
Communications – Media
0.02 %
Services
0.02 %
SUBTOTAL
4.64 %
Utility
Electric
0.48 %
Other Utility
0.10 %
SUBTOTAL
0.58 %
Financial Institutions
Banking
0.25 %
Finance
0.05 %
REITs
0.05 %
SUBTOTAL
0.35 %
SUBTOTAL
5.57 %
Bank Loans
Industrial
Technology
1.60 %
Consumer Non-Cyclical
0.85 %
Communications – Media
0.68 %
Communications – Telecommunications
0.35 %
Other Industrial
0.31 %
Capital Goods
0.21 %
Transportation – Services
0.17 %
Consumer Cyclical – Retailers
0.13 %
Consumer Cyclical – Other
0.12 %
Transportation – Airlines
0.10 %
Consumer Cyclical – Automotive
0.08 %
Basic
0.05 %
SUBTOTAL
4.65 %
Financial Institutions
Insurance
0.29 %
Financial Services
0.19 %
Brokerage
0.15 %
Finance
0.15 %
Banking
0.02 %
SUBTOTAL
0.80 %
SUBTOTAL
5.45 %
Emerging Markets – Sovereigns
Emerging Markets – Sovereigns
2.99 %
Credit Default Swaps
-0.25 %
SUBTOTAL
2.74 %
Interest Rate Futures
2.03 %
U.S. Govt & Agency Securities
1.65 %
Collateralized Mortgage Obligations
Risk Share Floating Rate
0.88 %
Non-Agency Fixed Rate
0.28 %
Non-Agency Floating Rate
0.26 %
Agency Fixed Rate
0.16 %
SUBTOTAL
1.58 %
Quasi-Sovereigns
Quasi-Sovereign Bonds
1.38 %
SUBTOTAL
1.38 %
EM Governments
0.72 %
Local Governments – US Municipal Bonds
0.38 %
Common Stocks
0.33 %
Inflation-Linked Securities
0.28 %
Emerging Markets – Treasuries
0.28 %
Collateralized Loan Obligations
CLO – Floating Rate
0.21 %
SUBTOTAL
0.21 %
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS
0.18 %
SUBTOTAL
0.18 %
Asset-Backed Securities
Other ABS – Floating Rate
0.10 %
Autos – Fixed Rate
0.03 %
SUBTOTAL
0.13 %
Governments – Sovereign Agencies
0.05 %
Preferred Stocks
Industrials
0.03 %
SUBTOTAL
0.03 %
Rights
Industrial
0.01 %
SUBTOTAL
0.01 %
Forward Currency Exchange Contracts
Currency Instruments
-0.02 %
SUBTOTAL
-0.02 %
Reverse Repurchase Agreements
-0.43 %
Cash & Cash Equivalents
Cash
0.88 %
Funds and Investment Trusts
0.77 %
SUBTOTAL
1.65 %
Derivative Offsets
Futures Offsets
-2.01 %
Swap Offsets
-13.14 %
SUBTOTAL
-15.15 %
TOTAL
100.00 %
Country Breakdown
Portfolio %
United States
67.44 %
United Kingdom
3.09 %
France
2.97 %
Canada
2.89 %
Mexico
1.52 %
Brazil
1.39 %
Italy
1.26 %
Spain
1.23 %
Colombia
1.16 %
India
1.02 %
Germany
1.01 %
Luxembourg
0.90 %
Turkey
0.90 %
Australia
0.71 %
South Africa
0.68 %
Nigeria
0.63 %
Hong Kong
0.61 %
Chile
0.55 %
Israel
0.53 %
Japan
0.45 %
Ireland
0.41 %
Dominican Republic
0.40 %
Argentina
0.39 %
Finland
0.38 %
Netherlands
0.37 %
Indonesia
0.36 %
Peru
0.36 %
Norway
0.35 %
China
0.34 %
Macau
0.34 %
Denmark
0.33 %
Romania
0.33 %
Puerto Rico
0.29 %
Senegal
0.29 %
Jersey (Channel Islands)
0.28 %
Switzerland
0.28 %
Egypt
0.27 %
Guatemala
0.26 %
El Salvador
0.25 %
Slovenia
0.22 %
Panama
0.19 %
Ecuador
0.16 %
Kazakhstan
0.16 %
Uzbekistan
0.16 %
Zambia
0.16 %
Kenya
0.15 %
Angola
0.14 %
Azerbaijan
0.11 %
Ukraine
0.10 %
Poland
0.09 %
Malaysia
0.08 %
Trinidad and Tobago
0.06 %
Greece
0.05 %
Jamaica
0.05 %
Morocco
0.05 %
Kuwait
0.04 %
Serbia
0.03 %
Cash & Cash Equivalents
0.78 %
Total Investments
100.00 %
Net Currency Exposure Breakdown
Portfolio %
US Dollar
100.19 %
Canadian Dollar
0.17 %
Pound Sterling
0.14 %
Brazilian Real
0.03 %
Norwegian Krone
0.02 %
South African Rand
0.02 %
South Korean Won
0.01 %
Chilean Peso
-0.01 %
Euro
-0.57 %
Total Net Assets
100.00 %
Credit Rating
Portfolio %
AAA
2.31 %
AA
-1.17 %
A
0.90 %
BBB
14.51 %
BB
46.65 %
B
23.87 %
CCC
7.94 %
CC
0.25 %
C
0.11 %
D
0.06 %
Not Rated
1.99 %
Short Term Investments
0.77 %
Reverse Repurchase Agreements
-0.43 %
N/A
2.24 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
12.71 %
1 to 5 Years
66.79 %
5 to 10 Years
15.88 %
10 to 20 Years
2.84 %
20 to 30 Years
1.10 %
More than 30 Years
0.35 %
Other
0.33 %
Total Net Assets
100.00 %
Portfolio Statistics:
Average Coupon:
7.30 %
Average Bond Price:
97.86
Percentage of Leverage(based on gross assets):
Bank Borrowing:
0.00 %
Investment Operations:*
13.44 %
Preferred Stock:
0.00 %
Tender Option Bonds:
0.00 %
VMTP Shares:
0.00 %
VRDP Shares:
0.00 %
Total Fund Leverage:
13.44 %
Average Maturity:
4.23 Years
Effective Duration:
2.94 Years
Total Net Assets:
$989.37 Million
Net Asset Value:
$11.47
Total Number of Holdings:
1,260
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.