AWF AllianceBernstein Global High Income Fund Inc

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 

3.84%

2) U.S. Treasury Notes  0.875%, 4/15/19 

3.57%

3) U.S. Treasury Bonds  8.125%, 5/15/21 

2.75%

4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 

1.19%

5) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27 

1.07%

6) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 0.958%, 1/25/37 

0.74%

7) Argentine Bonos del Tesoro  18.20%, 10/03/21 

0.68%

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

0.62%

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

0.56%

10) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27 

0.52%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

5.93%

Communications - Media

4.63%

Energy

4.38%

Communications - Telecommunications

3.25%

Basic

3.01%

Consumer Cyclical - Other

2.50%

Capital Goods

2.36%

Technology

1.99%

Consumer Cyclical - Automotive

1.63%

Consumer Cyclical - Retailers

1.37%

Services

1.01%

Transportation - Services

0.78%

Other Industrial

0.54%

Consumer Cyclical - Entertainment

0.34%

Consumer Cyclical - Restaurants

0.20%

Transportation - Airlines

0.10%

SUBTOTAL

34.02%

Financial Institutions

Banking

3.01%

Finance

0.87%

Other Finance

0.52%

Insurance

0.35%

REITS

0.04%

Brokerage

0.01%

SUBTOTAL

4.80%

Utility

Electric

1.24%

SUBTOTAL

1.24%

Credit Default Swaps

-0.03%

SUBTOTAL

-0.03%

SUBTOTAL

40.03%

Global Governments

13.90%

Collateralized Mortgage Obligations

Risk Share Floating Rate

9.00%

Non-Agency Fixed Rate

2.43%

Non-Agency Floating Rate

1.16%

SUBTOTAL

12.59%

Interest Rate Futures

8.87%

Corporates - Investment Grade

Industrial

Basic

1.01%

Technology

0.66%

Energy

0.64%

Communications - Telecommunications

0.48%

Capital Goods

0.41%

Communications - Media

0.31%

Consumer Cyclical - Automotive

0.15%

Transportation - Airlines

0.08%

Consumer Non-Cyclical

0.04%

Other Industrial

0.03%

Consumer Cyclical - Other

0.01%

SUBTOTAL

3.82%

Financial Institutions

Banking

1.27%

Insurance

1.21%

REITS

0.47%

Brokerage

0.16%

Finance

0.05%

SUBTOTAL

3.16%

Credit Default Swaps

0.91%

SUBTOTAL

0.91%

Utility

Electric

0.29%

Natural Gas

0.11%

SUBTOTAL

0.40%

SUBTOTAL

8.29%

Commercial Mortgage-Backed Securities

Credit Default Swaps

3.90%

Non-Agency Fixed Rate CMBS

3.13%

Non-Agency Floating Rate CMBS

0.03%

SUBTOTAL

7.06%

Interest Rate Swaps

6.30%

Emerging Markets - Treasuries

6.10%

Emerging Markets - Sovereigns

5.69%

Total Return Swaps

5.52%

Bank Loans

Industrial

Technology

0.73%

Consumer Non-Cyclical

0.54%

Other Industrial

0.43%

Consumer Cyclical - Other

0.39%

Capital Goods

0.32%

Consumer Cyclical - Retailers

0.29%

Energy

0.25%

Consumer Cyclical - Entertainment

0.19%

Basic

0.11%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.32%

Utility

Electric

0.17%

SUBTOTAL

0.17%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.53%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.47%

Communications - Telecommunications

0.43%

Basic

0.38%

Transportation - Airlines

0.26%

Capital Goods

0.24%

Transportation - Services

0.14%

Consumer Cyclical - Retailers

0.01%

SUBTOTAL

1.93%

Non Corporate Sectors

Treasuries

0.30%

SUBTOTAL

0.30%

Financial Institutions

Finance

0.11%

SUBTOTAL

0.11%

SUBTOTAL

2.34%

Preferred Stocks

Industrial

0.81%

Financial Institutions

0.67%

Utility

0.03%

SUBTOTAL

1.51%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.51%

Home Equity Loans - Floating Rate

0.21%

Other ABS - Fixed Rate

0.16%

Other ABS - Floating Rate

0.16%

Autos - Fixed Rate

0.06%

SUBTOTAL

1.10%

Governments - Sovereign Agencies

0.99%

Inflation-Linked Securities

0.74%

Whole Loan Trusts

Performing Asset

0.71%

SUBTOTAL

0.71%

Common Stocks

0.62%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.46%

SUBTOTAL

0.46%

Local Governments - Municipal Bonds

0.45%

Local Governments - Regional Bonds

0.39%

Equity Futures

Equity Index Futures

0.26%

SUBTOTAL

0.26%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Options Purchased - Calls

Options on Forward Contracts

0.09%

SUBTOTAL

0.09%

Warrants

0.06%

Options Purchased - Puts

Options on Equities

0.03%

SUBTOTAL

0.03%

Call Options Written

-0.04%

Put Options Written

-0.04%

Currency Instruments

Forward Currency Exchange Contracts

-0.10%

SUBTOTAL

-0.10%

Reverse Repurchase Agreements

-7.68%

Net Cash Equivalents

Investment Companies

4.13%

Cash

1.34%

Emerging Markets - Treasuries

0.28%

Foreign Currency

0.01%

SUBTOTAL

5.76%

Derivative Offsets

Futures Offsets

-9.11%

Swaps Offsets

-16.58%

SUBTOTAL

-25.69%

Total

100.00%

Country Breakdown

Portfolio %

United States

65.98%

Brazil

5.94%

Argentina

2.96%

United Kingdom

2.79%

Canada

2.08%

Luxembourg

1.53%

Indonesia

1.34%

South Africa

1.32%

Mexico

1.28%

France

1.24%

Dominican Republic

1.21%

Ireland

0.97%

Colombia

0.87%

Turkey

0.83%

Switzerland

0.80%

Russia

0.75%

Italy

0.71%

Spain

0.65%

Ivory Coast

0.58%

Egypt

0.51%

Venezuela

0.47%

Netherlands

0.38%

Jamaica

0.36%

Croatia

0.34%

Germany

0.32%

United Arab Emirates

0.30%

India

0.29%

Gabon

0.23%

Angola

0.20%

Barbados

0.20%

Mongolia

0.18%

Trinidad & Tobago

0.17%

Macau

0.16%

Guatemala

0.16%

Australia

0.16%

Zambia

0.15%

Norway

0.15%

Pakistan

0.13%

Bahamas

0.12%

Cayman Islands

0.11%

Cameroon

0.11%

Ecuador

0.10%

Honduras

0.09%

Sri Lanka

0.09%

Nigeria

0.09%

Peru

0.08%

Bahrain

0.07%

New Zealand

0.06%

El Salvador

0.06%

Kenya

0.06%

Jordan

0.05%

Lebanon

0.05%

Chile

0.04%

Finland

0.04%

Ethiopia

0.04%

Iraq

0.02%

Serbia

0.02%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

95.63%

Indian Rupee

2.01%

Argentine Peso

1.78%

Colombian Peso

1.72%

Indonesian Rupiah

1.44%

South African Rand

1.34%

Russian Rubles

1.24%

Brazilian Real

1.20%

New Turkish Lira

0.56%

Chilean Peso

0.49%

Dominican Peso

0.47%

Egypt Pound

0.28%

Peruvian Sol

0.25%

Canadian Dollar

0.17%

Hong Kong Dollar

0.02%

Norwegian Krone

0.02%

Japanese Yen

-0.01%

Swedish Krona

-0.05%

Mexican Peso

-0.28%

Great British Pound

-0.49%

Taiwan New Dollar

-0.50%

Chinese Yuan Renminbi

-0.85%

Swiss Franc

-0.91%

Chinese Yuan Renminbi (Offshore)

-0.98%

Australian Dollar

-0.99%

New Zealand Dollar

-1.00%

Euro

-2.56%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

9.73%

AA

0.70%

A

2.52%

BBB

15.10%

BB

29.32%

B

25.06%

CCC

7.47%

CC

1.22%

C

0.04%

D

1.84%

Not Rated

7.04%

Short Term Investments

4.40%

Reverse Repurchase Agreements

-7.68%

N/A

3.24%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

7.07%

1 to 5 years

38.22%

5 to 10 years

38.90%

10 to 20 years

8.02%

20 to 30 years

5.52%

More Than 30 years

1.60%

Other

0.67%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.86%

Average Bond Price:

101.88

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

47.70%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

47.70%

Average Maturity:

8.15  Years

Effective Duration:

5.68  Years

Total Net Assets:

$1,197.30 Million

Net Asset Value:

$13.88

Number of Holdings:

1275

Portfolio Turnover:

42%

* 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.