AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

AllianceBernstein Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) Republic of Brazil 12.50%, 1/05/16 - 1/05/22

1.45%

2) Argentina Bonos 7.00%, 10/03/15

1.33%

3) Russian Agricultural Bank OJSC Via RSHB Capital SA 7.75%, 5/29/18

0.97%

4) Gazprom OAO Via Gaz Capital SA 6.51%, 3/07/22

0.91%

5) Dominican Republic International Bond 8.625%, 4/20/27

0.67%

6) Russian Agricultural Bank OJSC Via RSHB Capital SA 6.299%, 5/15/17

0.64%

7) South Africa Government Bond Series R207 7.25%, 1/15/20

0.62%

8) Gazprom OAO Via Gaz Capital SA 9.25%, 4/23/19

0.60%

9) Argentina Bonos Series X 7.00%, 4/17/17

0.58%

10) El Salvador 7.65%, 6/15/35

0.54%

Fixed Income Holdings by Security Type

Portfolio %

Corporates - Non-Investment Grades

Industrial

Consumer Non-Cyclical

6.02%

Capital Goods

5.08%

Energy

4.76%

Communications - Media

4.32%

Basic

4.10%

Consumer Cyclical - Other

4.10%

Technology

3.30%

Communications - Telecommunications

2.98%

Consumer Cyclical - Automotive

2.30%

Consumer Cyclical - Retailers

1.50%

Other Industrial

1.25%

Services

1.11%

Transportation - Services

0.81%

Consumer Cyclical - Entertainment

0.72%

Transportation - Airlines

0.57%

Consumer Cyclical - Restaurants

0.49%

Transportation - Railroads

0.03%

SUBTOTAL

43.44%

Financial Institutions

Banking

1.51%

Finance

1.08%

Insurance

0.93%

Other Finance

0.48%

Brokerage

0.33%

REITS

0.15%

SUBTOTAL

4.48%

Utility

Electric

1.80%

Natural Gas

0.87%

SUBTOTAL

2.67%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.24%

SUBTOTAL

0.24%

SUBTOTAL

50.83%

Corporates - Investment Grades

Financial Institutions

Banking

2.98%

Insurance

2.28%

Other Finance

0.46%

Finance

0.30%

REITS

0.23%

Brokerage

0.19%

SUBTOTAL

6.44%

Industrial

Basic

1.39%

Other Industrial

0.29%

Consumer Cyclical - Retailers

0.27%

Energy

0.23%

Communications - Telecommunications

0.17%

Capital Goods

0.15%

Transportation - Airlines

0.07%

Technology

0.01%

SUBTOTAL

2.58%

Non Corporate Sectors

Agencies - Not Government Guaranteed

1.84%

SUBTOTAL

1.84%

Utility

Electric

0.20%

SUBTOTAL

0.20%

SUBTOTAL

11.06%

Emerging Markets - Corporate Bonds

Industrial

Basic

1.34%

Communications - Media

0.55%

Energy

0.50%

Communications - Telecommunications

0.45%

Consumer Non-Cyclical

0.41%

Consumer Cyclical - Other

0.38%

Other Industrial

0.28%

Capital Goods

0.16%

Transportation - Airlines

0.15%

Transportation - Services

0.14%

Consumer Cyclical - Retailers

0.07%

Technology

0.04%

SUBTOTAL

4.47%

Financial Institutions

Banking

0.97%

Other Finance

0.28%

REITS

0.13%

Insurance

0.04%

SUBTOTAL

1.42%

Utility

Electric

0.06%

SUBTOTAL

0.06%

SUBTOTAL

5.95%

Emerging Markets - Sovereigns

5.31%

Governments - Treasuries

Treasuries

3.66%

SUBTOTAL

3.66%

Collateralized Mortgage Obligations

Non-Agency Floating Rate

1.90%

Non-Agency Fixed Rate

1.27%

Non-Agency ARMs

0.09%

SUBTOTAL

3.26%

Quasi-Sovereigns

Quasi-Sovereign Bonds

3.08%

SUBTOTAL

3.08%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.48%

Non-Agency Floating Rate CMBS

0.27%

SUBTOTAL

2.75%

Bank Loans

Industrial

Consumer Cyclical - Automotive

0.37%

Capital Goods

0.36%

Services

0.29%

Communications - Media

0.27%

Consumer Non-Cyclical

0.21%

Technology

0.21%

Consumer Cyclical - Other

0.17%

Consumer Cyclical - Entertainment

0.13%

Consumer Cyclical - Retailers

0.10%

Energy

0.09%

Basic

0.03%

Other Industrial

0.03%

Transportation - Services

0.01%

SUBTOTAL

2.27%

Utility

Electric

0.17%

SUBTOTAL

0.17%

Financial Institutions

Finance

0.14%

SUBTOTAL

0.14%

Non Corporate Sectors

Foreign Local Government - Municipal

0.03%

SUBTOTAL

0.03%

SUBTOTAL

2.61%

Emerging Markets - Treasuries

2.16%

Local Governments - Municipal Bonds

2.09%

Governments - Sovereign Bonds

1.69%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.87%

Home Equity Loans - Floating Rate

0.25%

Other ABS - Fixed Rate

0.03%

SUBTOTAL

1.15%

Preferred Stocks

Financial Institutions

0.68%

Industrial

0.13%

Non Corporate Sectors

0.01%

SUBTOTAL

0.82%

Supranationals

0.65%

Local Governments - Regional Bonds

0.58%

Inflation-Linked Securities

0.39%

Common Stocks

0.16%

Governments - Sovereign Agencies

0.09%

Warrants

0.03%

Options Purchased - Puts

0.01%

Short-Term Investments

Investment Companies

1.67%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

60.20%

Russia

5.32%

Brazil

4.18%

Argentina

2.78%

United Kingdom

2.63%

Netherlands

1.29%

Ukraine

1.17%

Dominican Republic

1.11%

Luxembourg

1.07%

South Africa

1.07%

Germany

1.06%

Indonesia

1.03%

Ireland

1.01%

Kazakhstan

0.96%

Canada

0.89%

Hungary

0.82%

El Salvador

0.80%

Switzerland

0.68%

Colombia

0.66%

Supranational

0.65%

Italy

0.63%

France

0.60%

China

0.57%

India

0.56%

Hong Kong

0.56%

Croatia

0.55%

Spain

0.53%

Cote D'Ivoire

0.51%

Peru

0.50%

New Zealand

0.47%

Turkey

0.42%

Uruguay

0.39%

Philippines

0.38%

Chile

0.36%

Australia

0.35%

Iceland

0.34%

Barbados

0.32%

United Arab Emirates

0.26%

Japan

0.26%

Ghana

0.25%

Greece

0.21%

Egypt

0.19%

Poland

0.17%

Mexico

0.16%

Trinidad & Tobago

0.15%

Lithuania

0.13%

Czech Republic

0.12%

Panama

0.11%

Austria

0.09%

Jamaica

0.08%

Denmark

0.07%

Serbia & Montenegro

0.07%

Bermuda

0.07%

Israel

0.06%

Norway

0.05%

Cayman Islands

0.04%

Singapore

0.04%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

90.47%

Indonesian Rupiah

1.73%

Singapore Dollar

1.13%

South Korean Won

1.11%

Norwegian Krone

1.07%

Swedish Krona

1.04%

Mexican Peso

1.03%

Chinese Yuan Renminbi (Offshore)

0.75%

Chinese Yuan Renminbi

0.63%

Colombian Peso

0.57%

Malaysian Ringgit

0.54%

Brazilian Real

0.49%

Dominican Peso

0.48%

New Turkish Lira

0.48%

Uruguayan Peso

0.42%

Russian Rubles

0.28%

Ukraine Hryvnia

0.26%

Philippine Peso

0.26%

Chilean Peso

0.25%

Egypt Pound

0.21%

South African Rand

0.07%

Hungarian Forint

0.07%

Australian Dollar

0.02%

Great British Pound

-0.15%

Japanese Yen

-1.11%

Euro Dollar

-2.10%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

1.35%

AA

1.21%

A

5.35%

BBB

19.18%

BB

25.25%

B

33.46%

CCC

9.39%

CC

0.55%

D

0.28%

Short Term Investments

1.67%

Not Rated

2.31%

Total Investments

100.00%

Portfolio Statistics:

Average Coupon:

8.79

Average Bond Price :

91.37

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

10.63%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

10.63%

Average Maturity:

7.94 Years

Effective Duration:

5.12 Years

Total Net Assets:

$1,252.58 Million

Net Asset Value:

$14.71

Number of Holdings:

892