ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND 
By NEW YORK, Jan. 25, 2012 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2011.
AllianceBernstein Global High Income Fund, Inc.
Top 10 Fixed Income Holdings
Portfolio %
1) Argentina Bonos 7.00%, 10/03/15 1.40%
2) Republic of Brazil 12.50%, 1/05/16 - 1/05/22 1.33%
3) Russian Agricultural Bank OJSC Via RSHB Capital 0.98%
SA 7.75%, 5/29/18
4) Gazprom OAO Via Gaz Capital SA 6.51%, 3/07/22 0.92%
5) Dominican Republic International Bond 8.625%, 0.68%
4/20/27
6) Russian Agricultural Bank OJSC Via RSHB Capital 0.65%
SA 6.299%, 5/15/17
7) Morgan Stanley Capital I Series 2006-IQ12, 0.60%
Class AM 5.37%, 12/15/43
8) Gazprom Via Gaz Capital SA 9.25%, 4/23/19 0.60%
9) Argentina Bonos Series X 7.00%, 4/17/17 0.60%
10) South Africa Government Bond Series R207 7.25%, 0.57%
1/15/20
Fixed Income Holdings by Security Type
Portfolio %
Corporates - Non-Investment Grades
Industrial
Consumer Non-Cyclical 7.08%
Capital Goods 5.36%
Energy 4.91%
Communications - Media 4.50%
Consumer Cyclical - Other 4.33%
Basic 4.01%
Technology 3.36%
Communications - Telecommunications 2.91%
Consumer Cyclical - Automotive 2.60%
Consumer Cyclical - Retailers 1.35%
Other Industrial 1.31%
Services 1.29%
Consumer Cyclical - Entertainment 0.84%
Transportation - Services 0.75%
Transportation - Airlines 0.58%
Consumer Cyclical - Restaurants 0.53%
Transportation - Railroads 0.03%
SUBTOTAL 45.74%
Financial Institutions
Banking 1.18%
Finance 0.93%
Insurance 0.66%
Other Finance 0.52%
Brokerage 0.44%
REITS 0.16%
SUBTOTAL 3.89%
Utility
Electric 1.85%
Natural Gas 0.96%
SUBTOTAL 2.81%
SUBTOTAL 52.44%
Corporates - Investment Grades
Financial Institutions
Banking 2.71%
Insurance 2.13%
Other Finance 0.48%
REITS 0.34%
Finance 0.31%
SUBTOTAL 5.97%
Industrial
Basic 1.33%
Energy 0.31%
Other Industrial 0.27%
Consumer Cyclical - Retailers 0.21%
Communications - Telecommunications 0.19%
Capital Goods 0.11%
Transportation - Airlines 0.08%
Technology 0.01%
SUBTOTAL 2.51%
Non Corporate Sectors
Agencies - Not Government Guaranteed 1.83%
SUBTOTAL 1.83%
Utility
Electric 0.17%
SUBTOTAL 0.17%
SUBTOTAL 10.48%
Emerging Markets - Sovereigns 5.50%
Emerging Markets - Corporate Bonds
Industrial
Basic 1.38%
Communications - Media 0.55%
Communications - Telecommunications 0.46%
Other Industrial 0.34%
Energy 0.33%
Consumer Non-Cyclical 0.24%
Consumer Cyclical - Other 0.14%
Transportation - Services 0.12%
Consumer Cyclical - Retailers 0.07%
Technology 0.04%
SUBTOTAL 3.67%
Financial Institutions
Banking 0.50%
Other Finance 0.15%
SUBTOTAL 0.65%
Utility
Other Utility 0.13%
SUBTOTAL 0.13%
SUBTOTAL 4.45%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.04%
Non-Agency Floating Rate CMBS 0.89%
SUBTOTAL 3.93%
Collateralized Mortgage Obligations
Non-Agency Floating Rate 2.28%
Non-Agency Fixed Rate 1.23%
Non-Agency ARMs 0.10%
SUBTOTAL 3.61%
Quasi-Sovereigns
Quasi-Sovereign Bonds 3.32%
SUBTOTAL 3.32%
Governments - Treasuries
Treasuries 3.03%
SUBTOTAL 3.03%
Bank Loans
Industrial
Capital Goods 0.36%
Services 0.31%
Communications - Media 0.28%
Energy 0.25%
Technology 0.23%
Basic 0.19%
Consumer Non-Cyclical 0.19%
Consumer Cyclical - Other 0.18%
Consumer Cyclical - Entertainment 0.15%
Consumer Cyclical - Automotive 0.14%
Other Industrial 0.12%
Consumer Cyclical - Retailers 0.11%
Transportation - Services 0.02%
SUBTOTAL 2.53%
Utility
Electric 0.18%
SUBTOTAL 0.18%
Financial Institutions
Finance 0.15%
SUBTOTAL 0.15%
SUBTOTAL 2.86%
Emerging Markets - Treasuries 2.22%
Governments - Sovereign Bonds 1.59%
Asset-Backed Securities
Home Equity Loans - Fixed Rate 0.89%
Home Equity Loans - Floating Rate 0.23%
SUBTOTAL 1.12%
Preferred Stocks
Financial Institutions 0.74%
Non Corporate Sectors 0.01%
SUBTOTAL 0.75%
Supranationals 0.65%
Local Governments - Regional Bonds 0.57%
Local Governments - Municipal Bonds 0.53%
Inflation-Linked Securities 0.38%
Common Stocks 0.22%
Governments - Sovereign Agencies 0.09%
Options Purchased - Puts
Options on Forward Contracts 0.01%
SUBTOTAL 0.01%
Warrants 0.01%
Short-Term Investments
Investment Companies 2.24%
Total Fixed Income 100.00%
Country Breakdown
Portfolio %
United States 62.24%
Russia 5.31%
Brazil 3.85%
Argentina 2.66%
United Kingdom 2.40%
Luxembourg 1.33%
Netherlands 1.16%
Dominican Republic 1.14%
Indonesia 1.10%
Ukraine 1.08%
Kazakhstan 1.07%
South Africa 1.00%
Germany 0.95%
Canada 0.94%
Ireland 0.85%
El Salvador 0.84%
Supranational 0.65%
Colombia 0.64%
Hungary 0.64%
Switzerland 0.63%
India 0.60%
France 0.54%
Croatia 0.54%
Italy 0.54%
New Zealand 0.53%
Peru 0.52%
Spain 0.52%
Cote D'Ivoire 0.51%
Hong Kong 0.40%
Turkey 0.39%
Philippines 0.38%
Uruguay 0.38%
Barbados 0.35%
Chile 0.34%
China 0.33%
United Arab Emirates 0.27%
Serbia & Montenegro 0.26%
Australia 0.26%
Ghana 0.26%
Japan 0.22%
Egypt 0.19%
Poland 0.17%
Trinidad & Tobago 0.16%
Lithuania 0.13%
Panama 0.13%
Norway 0.13%
Bermuda 0.11%
Czech Republic 0.09%
Austria 0.08%
Jamaica 0.08%
Denmark 0.07%
Singapore 0.04%
Total Investments 100.00%
Net Currency Exposure Breakdown
Portfolio %
United States Dollar 95.23%
Chinese Yuan Renminbi (Offshore) 1.44%
Norwegian Krone 1.01%
Mexican Peso 0.96%
Russian Rubles 0.50%
Dominican Peso 0.49%
Brazilian Real 0.44%
New Turkish Lira 0.41%
Uruguayan Peso 0.40%
Philippine Peso 0.28%
Colombian Peso 0.25%
Chilean Peso 0.24%
Ukraine Hryvnia 0.23%
Egypt Pound 0.20%
South African Rand 0.06%
Indonesian Rupiah 0.03%
Australian Dollar 0.01%
Chinese Yuan Renminbi 0.01%
Hungarian Forint 0.01%
Canadian Dollar -0.01%
Great British Pound -0.01%
Euro Dollar -2.18%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 1.63%
AA 1.50%
A 7.18%
BBB 15.91%
BB 24.96%
B 33.98%
CCC 10.27%
CC 0.57%
D 0.21%
Not Rated 1.50%
Short Term Investments 2.29%
Total Investments 100.00%
Portfolio Statistics:
Average Coupon: 8.37
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 4.22%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 4.22%
Average Maturity: 7.05 Years
Effective Duration: 4.37 Years
Total Net Assets: $1,186.27 Million
Net Asset Value: $13.91
Number of Holdings: 846
* 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.
