AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

AllianceBernstein Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Notes 1.625%, 8/31/19

5.69%

2) U.S. Treasury Notes 1.50%, 10/31/19

5.65%

3) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17

1.31%

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

0.82%

5) U.S. Treasury Bonds 5.25%, 2/15/29

0.64%

6) El Salvador Government International Bond 7.65%, 6/15/35

0.62%

7) Ivory Coast Government International Bond 5.75%, 12/31/32

0.60%

8) Argentina Boden Bonds 7.00%, 10/03/15

0.52%

9) Dominican Republic International Bond 16.00%, 7/10/20

0.52%

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

0.43%

Investment Type

Portfolio %

Corporates - Non-Investment Grades

Industrial

Energy

7.20%

Consumer Non-Cyclical

7.10%

Communications - Media

6.53%

Capital Goods

5.11%

Technology

4.63%

Basic

4.28%

Communications - Telecommunications

3.65%

Consumer Cyclical - Other

3.59%

Consumer Cyclical - Retailers

2.21%

Other Industrial

2.12%

Consumer Cyclical - Automotive

1.60%

Services

1.12%

Transportation - Services

0.92%

Consumer Cyclical - Entertainment

0.64%

Transportation - Airlines

0.53%

Consumer Cyclical - Restaurants

0.38%

SUBTOTAL

51.61%

Financial Institutions

Banking

3.69%

Finance

1.57%

Other Finance

1.12%

Insurance

1.05%

Brokerage 

0.36%

REITS

0.15%

SUBTOTAL 

7.94%

Utility

Electric

2.50%

SUBTOTAL

2.50%

Credit Default Swaps

0.26%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.14%

SUBTOTAL

0.14%

SUBTOTAL

62.45%

Global Governments

17.28%

Corporates - Investment Grades

Financial Institutions

Insurance

1.56%

Banking

1.44%

Finance

0.67%

REITS

0.46%

SUBTOTAL

4.13%

Industrial

Basic

1.87%

Energy

0.39%

Other Industrial

0.30%

Communications - Telecommunications 

0.27%

Capital Goods

0.17%

Communications - Media

0.15%

Consumer Non-Cyclical

0.13%

Transportation - Airlines

0.08%

Consumer Cyclical - Automotive

0.04%

Consumer Cyclical - Other

0.02%

SUBTOTAL

3.42%

Credit Default Swaps

0.68%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.20%

Energy

0.04%

SUBTOTAL

0.24%

Utility

Natural Gas

0.11%

SUBTOTAL

0.11%

SUBTOTAL

8.58%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

3.47%

Non-Agency Floating Rate

2.19%

GSE Risk Share Floating Rate

1.52%

SUBTOTAL

7.18%

Bank Loans

Industrial

Other Industrial

0.63%

Consumer Cyclical - Automotive

0.61%

Consumer Non-Cyclical

0.59%

Consumer Cyclical - Other

0.41%

Consumer Cyclical - Retailers

0.31%

Basic

0.30%

Consumer Cyclical - Entertainment

0.23%

Capital Goods

0.21%

Energy

0.20%

Communications - Media

0.18%

Technology

0.17%

SUBTOTAL

3.84%

Financial Institutions

Other Finance

0.13%

Insurance

0.04%

SUBTOTAL

0.17%

Utility

Electric

0.17%

SUBTOTAL

0.17%

Non Corporate Sectors

Foreign Local Government - Municipal

0.07%

SUBTOTAL

0.07%

SUBTOTAL

4.25%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.88%

Basic

0.73%

Capital Goods

0.58%

Consumer Cyclical - Retailers

0.27%

Transportation - Airlines

0.27%

Consumer Cyclical - Other

0.18%

Communications - Media

0.14%

Communications - Telecommunications

0.14%

Energy

0.12%

SUBTOTAL

3.31%

Utility

Electric

0.14%

SUBTOTAL

0.14%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.12%

SUBTOTAL

0.12%

Financial Institutions

Finance

0.11%

SUBTOTAL

0.11%

SUBTOTAL

3.68%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

3.89%

Credit Default Swaps

-0.47%

SUBTOTAL

3.42%

Preferred Stocks

Financial Institutions

2.62%

Industrial

0.05%

Utility

0.03%

SUBTOTAL

2.70%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.23%

Non-Agency Floating Rate CMBS

0.02%

SUBTOTAL

2.25%

Emerging Markets - Treasuries

0.97%

Local Governments - Municipal Bonds

0.96%

Whole Loan Trusts

Performing Asset

0.91%

SUBTOTAL

0.91%

Governments - Sovereign Agencies

0.90%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.66%

Home Equity Loans - Floating Rate

0.14%

SUBTOTAL

0.80%

Common Stocks

0.68%

Total Return Swaps

0.62%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.59%

SUBTOTAL

0.59%

Local Governments - Regional Bonds

0.32%

Currency Instruments

Forward Currency Exchange Contracts

0.28%

SUBTOTAL

0.28%

Investment Companies

Funds and Investment Trusts

0.18%

SUBTOTAL

0.18%

Inflation-Linked Securities

0.06%

Interest Rate Swaps - SIFMA

-13.56%

Reverse Repurchase Agreements

-17.87%

Net Cash Equivalents

Investment Companies

1.35%

Repurchase Agreements

-0.20%

Cash

-1.74%

SUBTOTAL

-0.59%

Derivative Offsets

Swaps Offsets

12.96%

SUBTOTAL

12.96%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

69.52%

United Kingdom

3.56%

Brazil

3.38%

Canada

1.81%

Ireland

1.58%

Luxembourg

1.55%

Dominican Republic

1.41%

France

1.38%

Netherlands

1.20%

Germany

1.10%

Mexico

1.09%

Italy

0.84%

Switzerland

0.82%

South Africa

0.78%

Indonesia

0.69%

Colombia

0.58%

El Salvador

0.57%

Ivory Coast

0.51%

Australia

0.46%

Argentina

0.44%

Bermuda

0.40%

Portugal

0.40%

Venezuela

0.40%

Spain

0.39%

Norway

0.36%

Kazakhstan

0.34%

Peru

0.33%

Croatia

0.31%

India

0.30%

Philippines

0.25%

United Arab Emirates

0.25%

Hong Kong

0.25%

Turkey

0.20%

Costa Rica

0.17%

Barbados

0.17%

Singapore

0.16%

Zambia

0.14%

Bahrain

0.14%

Bulgaria

0.12%

Japan

0.12%

Ghana

0.12%

Macau

0.12%

Pakistan

0.11%

Romania

0.10%

Lebanon

0.10%

China

0.09%

Jamaica

0.09%

Mongolia

0.09%

Trinidad & Tobago

0.09%

Denmark

0.08%

Belgium

0.08%

Sweden

0.08%

Guatemala

0.07%

Sri Lanka

0.06%

Morocco

0.05%

Kenya

0.05%

Uruguay

0.05%

Chile

0.05%

Serbia

0.03%

Virgin Islands (BVI)

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

100.02%

Brazilian Real

2.00%

Indonesian Rupiah

1.03%

Peruvian Nuevo Sol

1.02%

Mexican Peso

0.99%

South African Rand

0.79%

New Turkish Lira

0.78%

Dominican Peso

0.52%

Colombian Peso

0.46%

Philippine Peso

0.30%

Indian Rupee

0.26%

Costa Rican Colon

0.21%

Hungarian Forint

0.17%

Uruguayan Peso 

0.06%

Swiss Franc

0.04%

Great British Pound

-0.63%

Japanese Yen

-2.43%

Euro

-2.53%

Australian Dollar

-3.06%

Total Investments

100.00%

Credit Rating

Portfolio %

AAA

-4.19%

AA

0.34%

A

2.59%

BBB

13.78%

BB

29.69%

B

31.87%

CCC

15.92%

CC

0.85%

C

0.01%

D

0.62%

Not Rated

4.30%

Short Term Investments

1.16%

N/A

3.06%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-8.78%

1 to 5 years

52.45%

5 to 10 years

40.61%

10 to 20 years

7.75%

20 to 30 years

5.66%

More than 30 years

1.63%

Other

0.68%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.14%

Average Bond Price:

99.85%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

25.63%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage: 

25.63%

Average Maturity:

7.83 Years

Effective Duration:

4.86 Years

Total Net Assets:

$1,204.35 Million

Net Asset Value:

$13.97

Number of Holdings:

1167

Portfolio Turnover:

36%

* 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.