AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

AllianceBernstein Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) Brazilian Government International Bond

1.39%

12.50%, 1/05/16 - 1/05/22

2) Argentine Republic Government International

1.32%

Bond     7.00%, 10/03/15

3) Russian Agricultural Bank OJSC Via RSHB Capital

0.93%

SA     7.75%, 5/29/18

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

0.86%

5) Dominican Republic International Bond     8.625%,

0.65%

4/20/27

6) South Africa Government Bond Series R203 8.25%,

0.63%

9/15/17

7) Russian Agricultural Bank OJSC Via RSHB Capital

0.62%

SA     6.299%, 5/15/17

8) South Africa Government Bond Series R207 7.25%,

0.59%

1/15/20

9) Argentine Republic Government International

0.57%

Bond Series X 7.00%, 4/17/17

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

0.56%

Fixed Income Holdings by Security Type

Portfolio %

Corporates - Non-Investment Grades

Industrial

Consumer Non-Cyclical

5.98%

Capital Goods

5.13%

Communications - Media

4.77%

Energy

4.59%

Basic

4.54%

Consumer Cyclical - Other

4.45%

Communications - Telecommunications

3.32%

Technology

3.29%

Consumer Cyclical - Automotive

2.25%

Consumer Cyclical - Retailers

1.62%

Other Industrial

1.40%

Services

1.03%

Transportation - Services

0.86%

Transportation - Airlines

0.76%

Consumer Cyclical - Entertainment

0.73%

Consumer Cyclical - Restaurants

0.53%

Transportation - Railroads

0.03%

SUBTOTAL

45.28%

Financial Institutions

Banking

1.62%

Finance

1.12%

Insurance

1.02%

Other Finance

0.48%

REITS

0.42%

Brokerage

0.32%

SUBTOTAL

4.98%

Utility

Electric

1.95%

Natural Gas

0.85%

SUBTOTAL

2.80%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.24%

SUBTOTAL

0.24%

SUBTOTAL

53.30%

Corporates - Investment Grades

Financial Institutions

Banking

2.96%

Insurance

2.47%

Other Finance

0.45%

Finance

0.30%

REITS

0.22%

Brokerage

0.09%

SUBTOTAL

6.49%

Industrial

Basic

1.24%

Other Industrial

0.29%

Energy

0.19%

Communications - Telecommunications

0.17%

Capital Goods

0.15%

Consumer Cyclical - Retailers

0.15%

Transportation - Airlines

0.07%

Technology

0.01%

SUBTOTAL

2.27%

Non Corporate Sectors

Agencies - Not Government Guaranteed

1.75%

Agencies - Government Sponsored

0.22%

SUBTOTAL

1.97%

Utility

Electric

0.19%

SUBTOTAL

0.19%

SUBTOTAL

10.92%

Emerging Markets - Sovereigns

5.22%

Emerging Markets - Corporate Bonds

Industrial

Basic

1.14%

Energy

0.50%

Consumer Non-Cyclical

0.46%

Communications - Media

0.36%

Other Industrial

0.32%

Communications - Telecommunications

0.25%

Consumer Cyclical - Other

0.23%

Capital Goods

0.19%

Transportation - Services

0.13%

Technology

0.12%

Consumer Cyclical - Retailers

0.09%

SUBTOTAL

3.79%

Financial Institutions

Banking

0.97%

Other Finance

0.28%

SUBTOTAL

1.25%

Utility

Electric

0.06%

SUBTOTAL

0.06%

SUBTOTAL

5.10%

Governments - Treasuries

Treasuries

4.35%

SUBTOTAL

4.35%

CMOs

Non-Agency Floating Rate

1.90%

Non-Agency Fixed Rate

1.28%

Non-Agency ARMs

0.11%

SUBTOTAL

3.29%

Quasi-Sovereigns

Quasi-Sovereign Bonds

2.98%

SUBTOTAL

2.98%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.36%

Non-Agency Floating Rate CMBS

0.14%

SUBTOTAL

2.50%

Bank Loans

Industrial

Capital Goods

0.36%

Consumer Cyclical - Automotive

0.36%

Communications - Media

0.29%

Consumer Cyclical - Other

0.18%

Services

0.16%

Consumer Cyclical - Entertainment

0.14%

Consumer Cyclical - Retailers

0.10%

Energy

0.09%

Technology

0.09%

Basic

0.04%

Consumer Non-Cyclical

0.03%

Other Industrial

0.03%

Transportation - Services

0.01%

SUBTOTAL

1.88%

Financial Institutions

Finance

0.23%

SUBTOTAL

0.23%

Utility

Electric

0.18%

SUBTOTAL

0.18%

SUBTOTAL

2.29%

Emerging Markets - Treasuries

2.06%

Local Governments - Municipal Bonds

1.97%

Governments - Sovereign Bonds

1.64%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.88%

Home Equity Loans - Floating Rate

0.26%

Other ABS - Fixed Rate

0.03%

SUBTOTAL

1.17%

Preferred Stocks

Financial Institutions

0.69%

Industrial

0.13%

Non Corporate Sectors

0.01%

SUBTOTAL

0.83%

Supranationals

0.61%

Local Governments - Regional Bonds

0.56%

Inflation-Linked Securities

0.40%

Common Stocks

0.15%

Governments - Sovereign Agencies

0.09%

Warrants

0.03%

Short-Term Investments

Investment Companies

0.54%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

59.01%

Russia

5.16%

Brazil

4.08%

United Kingdom

2.83%

Argentina

2.79%

South Africa

1.71%

Netherlands

1.60%

Germany

1.32%

Ireland

1.22%

Ukraine

1.15%

Luxembourg

1.10%

Dominican Republic

1.08%

Indonesia

0.95%

Kazakhstan

0.94%

Canada

0.87%

Hungary

0.80%

El Salvador

0.76%

Italy

0.72%

Switzerland

0.71%

France

0.66%

China

0.66%

Colombia

0.62%

Supranational

0.61%

India

0.57%

Hong Kong

0.56%

Croatia

0.55%

Spain

0.54%

Cote D'Ivoire

0.48%

Peru

0.46%

Turkey

0.42%

Uruguay

0.40%

Japan

0.37%

Philippines

0.35%

Australia

0.34%

Chile

0.34%

Iceland

0.33%

Barbados

0.33%

United Arab Emirates

0.25%

Ghana

0.24%

Greece

0.22%

New Zealand

0.21%

Poland

0.20%

Egypt

0.19%

Mexico

0.19%

Trinidad & Tobago

0.14%

Czech Republic

0.13%

Lithuania

0.12%

Panama

0.11%

Austria

0.10%

Jamaica

0.08%

Norway

0.08%

Serbia & Montenegro

0.07%

Bermuda

0.07%

Denmark

0.07%

Israel

0.06%

Singapore

0.04%

Cayman Islands

0.04%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

90.89%

Indonesian Rupiah

1.85%

Chinese Yuan Renminbi

1.29%

Singapore Dollar

1.06%

South Korean Won

1.05%

Mexican Peso

1.03%

Norwegian Krone

1.02%

Swedish Krona

0.99%

Brazilian Real

0.94%

Colombian Peso

0.52%

Malaysian Ringgit

0.51%

Dominican Peso

0.47%

Uruguayan Peso

0.43%

Russian Rubles

0.28%

Ukraine Hryvnia

0.26%

Philippine Peso

0.25%

Chilean Peso

0.23%

Egypt Pound

0.20%

Hungarian Forint

0.06%

Australian Dollar

0.01%

Great British Pound

-0.02%

New Turkish Lira

-0.02%

South African Rand

-0.03%

Japanese Yen

-1.01%

Euro Dollar

-2.26%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

1.26%

AA

1.45%

A

5.87%

BBB

18.81%

BB

25.48%

B

33.90%

CCC

9.62%

CC

0.50%

C

0.18%

D

0.03%

Short Term Investments

0.54%

Not Rated

2.36%

Total Investments

100.00%

Portfolio Statistics:

Average Coupon:

8.69

Average Bond Price :

96.01

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

10.38%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

10.38%

Average Maturity:

7.57 Years

Effective Duration:

5.19 Years

Total Net Assets:

$1,311.88 Million

Net Asset Value:

$15.40

Number of Holdings:

888