ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND 
By NEW YORK, Jan. 27, 2014 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update as of December 31, 2013. AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed Income Holdings
Portfolio %
1) Brazil Notas do Tesouro Nacional
Series F 10.00%, 1/01/17 1.13%
2) Argentina Boden Bonds 7.00%,
10/03/15 1.09%
3) Russian Agricultural Bank OJSC Via
RSHB Capital SA 7.75%, 5/29/18 1.02%
4) Ivory Coast Government International
Bond 5.75%, 12/31/32 0.86%
5) Dominican Republic International
Bond 8.625%, 4/20/27 0.71%
6) Argentina Bonar Bonds Series X
7.00%, 4/17/17 0.62%
7) U.S. Treasury Bonds 5.25%, 2/15/29 0.54%
8) VTB Bank OJSC Via VTB Capital SA
6.875%, 5/29/18 0.54%
9) El Salvador Government International
Bond 7.65%, 6/15/35 0.53%
10) Dominican Republic 16.00%, 7/10/20 0.49%
Investment Type
Portfolio %
Corporates - Non-Investment Grades
Industrial
Consumer Non-Cyclical 8.77%
Energy 7.04%
Communications - Media 5.93%
Capital Goods 5.57%
Technology 5.50%
Basic 4.87%
Consumer Cyclical - Other 2.84%
Communications - Telecommunications 2.79%
Other Industrial 2.39%
Consumer Cyclical - Automotive 2.29%
Services 2.22%
Consumer Cyclical - Retailers 2.07%
Transportation - Services 1.34%
Consumer Cyclical - Entertainment 0.57%
Transportation - Airlines 0.37%
Consumer Cyclical - Restaurants 0.12%
SUBTOTAL 54.68%
Financial Institutions
Banking 2.58%
Other Finance 1.75%
Finance 1.33%
Insurance 1.08%
Brokerage 0.42%
REITS 0.14%
SUBTOTAL 7.30%
Credit Default Swaps 4.39%
Utility
Electric 2.03%
Natural Gas 1.14%
SUBTOTAL 3.17%
SUBTOTAL 69.54%
Governments - Treasuries
Treasury Futures 35.27%
Treasuries 4.94%
SUBTOTAL 40.21%
Corporates - Investment Grades
Financial Institutions
Banking 1.90%
Insurance 1.61%
REITS 0.52%
Finance 0.33%
Other Finance 0.21%
SUBTOTAL 4.57%
Industrial
Basic 1.83%
Communications - Telecommunications 0.30%
Communications - Media 0.27%
Capital Goods 0.25%
Other Industrial 0.16%
Consumer Non-Cyclical 0.11%
Consumer Cyclical - Automotive 0.08%
Transportation - Airlines 0.08%
Energy 0.06%
Consumer Cyclical - Other 0.02%
SUBTOTAL 3.16%
Credit Default Swaps 0.83%
Utility
Natural Gas 0.26%
Electric 0.06%
SUBTOTAL 0.32%
Non Corporate Sectors
Agencies - Not Government Guaranteed 0.29%
SUBTOTAL 0.29%
SUBTOTAL 9.17%
Collateralized Mortgage Obligations
Non-Agency Fixed Rate 3.61%
Non-Agency Floating Rate 2.95%
SUBTOTAL 6.56%
Bank Loans
Industrial
Consumer Non-Cyclical 0.70%
Consumer Cyclical - Automotive 0.64%
Services 0.50%
Consumer Cyclical - Entertainment 0.45%
Other Industrial 0.43%
Basic 0.39%
Consumer Cyclical - Other 0.36%
Consumer Cyclical - Retailers 0.36%
Technology 0.30%
Capital Goods 0.21%
Communications - Media 0.18%
Energy 0.08%
SUBTOTAL 4.60%
Non Corporate Sectors
Foreign Local Government - Municipal 0.14%
SUBTOTAL 0.14%
Financial Institutions
Insurance 0.04%
SUBTOTAL 0.04%
SUBTOTAL 4.78%
Emerging Markets - Sovereigns 4.36%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.90%
Communications - Telecommunications 0.72%
Capital Goods 0.55%
Basic 0.41%
Consumer Cyclical - Retailers 0.27%
Transportation - Airlines 0.26%
Consumer Cyclical - Other 0.25%
Energy 0.14%
Communications - Media 0.12%
Transportation - Services 0.10%
SUBTOTAL 3.72%
Financial Institutions
Banking 0.23%
Finance 0.21%
SUBTOTAL 0.44%
SUBTOTAL 4.16%
Preferred Stocks
Financial Institutions 2.20%
Industrial 0.02%
SUBTOTAL 2.22%
Quasi-Sovereigns
Quasi-Sovereign Bonds 1.74%
SUBTOTAL 1.74%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 0.95%
Non-Agency Floating Rate CMBS 0.35%
SUBTOTAL 1.30%
Governments - Sovereign Agencies 1.16%
Emerging Markets - Treasuries 1.04%
Local Governments - Municipal Bonds 0.98%
Governments - Sovereign Bonds 0.89%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 0.65%
Home Equity Loans - Floating Rate 0.14%
SUBTOTAL 0.79%
Whole Loan Trusts
Performing Asset 0.45%
SUBTOTAL 0.45%
Local Governments - Regional Bonds 0.35%
Inflation-Linked Securities 0.24%
Common Stocks
Common Stocks
Common Stocks 0.22%
SUBTOTAL 0.22%
SUBTOTAL 0.22%
Reverse Repurchase Agreements -10.59%
Interest Rate Swaps - SIFMA -36.48%
Net Cash Equivalents
Cash 0.50%
Governments - Treasuries 0.05%
Investment Companies 0.02%
SUBTOTAL 0.57%
Derivative Offsets
Swaps Offsets 31.80%
Futures Offsets -35.46%
SUBTOTAL -3.66%
100.00%
Country Breakdown
Portfolio %
United States 64.81%
United Kingdom 4.92%
Russia 3.18%
Brazil 3.04%
Luxembourg 1.67%
Argentina 1.62%
Netherlands 1.60%
Canada 1.52%
Germany 1.37%
Dominican Republic 1.32%
France 1.04%
South Africa 0.99%
Mexico 0.93%
Ireland 0.87%
Switzerland 0.86%
Ivory Coast 0.78%
Italy 0.65%
Bermuda 0.60%
El Salvador 0.59%
Colombia 0.58%
United Arab Emirates 0.56%
Indonesia 0.54%
Peru 0.44%
Spain 0.43%
Kazakhstan 0.38%
Chile 0.34%
Portugal 0.34%
Barbados 0.32%
Croatia 0.30%
Australia 0.27%
Costa Rica 0.26%
Sweden 0.25%
Philippines 0.24%
Norway 0.23%
Nigeria 0.22%
Uruguay 0.22%
Singapore 0.21%
Serbia 0.21%
India 0.17%
China 0.13%
Belgium 0.13%
Japan 0.13%
Ghana 0.13%
Bahrain 0.13%
Austria 0.11%
Macau 0.10%
Hong Kong 0.08%
Denmark 0.08%
Virgin Islands (BVI) 0.06%
Jamaica 0.05%
Total Investments 100.00%
Net Currency Exposure Breakdown
Portfolio %
United States Dollar 97.49%
Russian Rubles 0.80%
Dominican Peso 0.49%
Brazilian Real 0.28%
Costa Rican Colon 0.28%
Philippine Peso 0.27%
Uruguayan Peso 0.24%
Nigerian Naira 0.24%
Chilean Peso 0.22%
Hungarian Forint 0.19%
Colombian Peso 0.10%
Swiss Franc 0.04%
Great British Pound 0.03%
South African Rand 0.01%
Canadian Dollar -0.01%
Australian Dollar -0.01%
Indonesian Rupiah -0.03%
Euro -0.15%
Peruvian Nuevo Sol -0.48%
Total Net Assets 100.00%
Credit Rating
Portfolio %
AAA -7.98%
AA 0.64%
A 4.63%
BBB 14.22%
BB 27.70%
B 36.99%
CCC 16.24%
CC 0.89%
D 0.89%
Not Rated 2.80%
Short Term Investments 0.07%
N/A 2.91%
Total Net Assets 100.00%
Bonds By Maturity
Portfolio %
Less than 1 year 3.24%
1 to 5 years 53.21%
5 to 10 years 30.07%
10 to 20 years 6.48%
20 to 30 years 4.93%
More than 30 years 1.85%
Other 0.22%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 8.22%
Average Bond Price : 103.27
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 16.60%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility
(TALF): 0.00%
Total Fund Leverage: 16.60%
Average Maturity: 7.01 Years
Effective Duration: 5.00 Years
Total Net Assets: $1,283.75 Million
Net Asset Value: $14.89
Number of Holdings: 1106
Portfolio Turnover: 38%
* 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.
SOURCE AllianceBernstein Global High Income Fund, Inc.
