AllianceBernstein Global High Income Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-07732

ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND, INC.    

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105    

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo    

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: March 31, 2007

Date of reporting period: December 31, 2007

 

 

 

ITEM 1. SCHEDULE OF INVESTMENTS.

 

2

AllianceBernstein Global High Income Fund

Portfolio of Investments

December 31, 2007 (unaudited)

 

     Principal
Amount
(000)		    U.S. $ Value

SOVEREIGNS - 72.9%

      

Argentina - 3.9%

      

Argentina Bonos

      

Series $ V

      

10.50%, 6/12/12 (a)

    ARS 8,741    $ 2,079,803

Republic of Argentina

      

Zero Coupon, 12/15/35 (a)(b)

    US$ 3      334

5.389%, 8/03/12 (a)(c)

      16,272      14,470,105

7.82%, 12/31/33 (a)

    EUR 11,514      13,804,457

8.28%, 12/31/33 (a)

    US$ 9,027      8,620,402

Series V

      

7.00%, 3/28/11 (a)

      3,375      3,114,562
         
        42,089,663
         

Brazil - 14.6%

      

Republic of Brazil

      

7.125%, 1/20/37 (d)

      47,055      53,525,063

8.25%, 1/20/34 (a)

      14,912      18,863,680

8.875%, 10/14/19—4/15/24 (a)

      25,821      32,494,692

10.25%, 1/10/28 (a)

    BRL 4,079      2,203,347

12.50%, 1/05/16—1/05/22 (a)

      82,266      51,255,548
         
        158,342,330
         

Bulgaria - 0.4%

      

Republic of Bulgaria

      

8.25%, 1/15/15 (a)(e)

    US$ 3,629      4,245,930
         

Colombia - 3.1%

      

Republic of Colombia

      

7.375%, 9/18/37 (a)

      9,099      10,122,638

9.85%, 6/28/27 (a)

    COP 4,429,000      2,187,659

10.75%, 1/15/13 (a)

    US$ 8,433      10,351,507

11.75%, 3/01/10 (a)

    COP 2,820,000      1,447,835

12.00%, 10/22/15 (a)

      17,937,000      9,891,959
         
        34,001,598
         

Costa Rica - 0.7%

      

Republic of Costa Rica

      

8.05%, 1/31/13 (a)(e)

    US$ 2,146      2,333,775

8.11%, 2/01/12 (a)(e)

      1,984      2,142,720

Republic of Costa Rica STP

      

Zero Coupon, 1/10/08 (a)

      2,701      2,805,402
         
        7,281,897
         

Dominican Republic - 1.4%

      

Dominican Republic

      

8.625%, 4/20/27 (a)(e)

      4,015    4,657,400

11.871%, 1/07/08 (a)

      5,609    5,505,686

Dominican Republic STP

      

Zero Coupon, 5/12/08 (a)

      2,485    2,190,423

Zero Coupon, 7/23/09 (a)

      3,150    2,552,855
       
      14,906,364
       

Ecuador - 1.0%

      

Republic of Ecuador

      

10.00%, 8/15/30 (a)(e)(f)

      10,594    10,249,695
       

El Salvador - 1.1%

      

Republic of El Salvador

      

7.625%, 9/21/34 (a)(e)

      2,642    3,064,720

7.65%, 6/15/35 (a)(e)

      3,469    4,006,695

8.50%, 7/25/11 (a)(e)

      4,125    4,535,396
       
      11,606,811
       

Hungary - 1.6%

      

Republic of Hungary

      

6.50%, 8/12/09 (a)

    HUF   2,578,600    14,673,036

Series 10C

      

6.75%, 4/12/10 (a)

      520,000    2,971,511
       
      17,644,547
       

Indonesia - 3.4%

      

Deutsche Bank AG/London

      

11.00%, 10/22/14 (a)

    US$ 10,440    9,665,456

Republic of Indonesia

      

6.625%, 2/17/37 (a)(e)

      3,650    3,473,925

6.75%, 3/10/14 (a)(e)

      13,135    13,537,550

6.875%, 3/09/17 (a)(e)

      1,151    1,194,163

7.25%, 4/20/15 (a)(e)

      2,787    2,937,498

7.50%, 1/15/16 (a)(e)

      1,780    1,911,720

8.50%, 10/12/35 (a)(e)

      3,568    4,181,380
       
      36,901,692
       

Jamaica - 0.4%

      

Government of Jamaica

      

9.25%, 10/17/25 (a)

      663    747,533

10.625%, 6/20/17 (a)

      2,988    3,590,082
       
      4,337,615
       

Lebanon - 1.2%

      

Lebanese Republic

      

7.875%, 5/20/11 (a)(e)

      2,805    2,727,863

10.125%, 8/06/08 (a)(e)

      8,480    8,586,000

11.625%, 5/11/16 (a)(e)

      1,262    1,444,990
       
      12,758,853
       

Malaysia - 0.5%

      

Malaysia

      

7.50%, 7/15/11 (a)

      4,887    5,354,065
       

Mexico - 4.1%

      

Mexican Bonos

      

Series M

      

9.00%, 12/22/11 (a)

    MXN 92,523    8,781,428

Series M 20

      

10.00%, 12/05/24 (a)

      119,084    12,680,320

Series MI10

      

9.00%, 12/20/12 (a)

      103,351    9,855,147

United Mexican States

      

Series A

      

8.00%, 9/24/22 (a)

    US$ 10,913    13,412,077
       
      44,728,972
       

Pakistan - 0.2%

      

Republic of Pakistan

      

6.875%, 6/01/17 (a)(e)

      2,624    2,099,200
       

Panama - 5.2%

      

Republic of Panama

      

6.70%, 1/26/36 (a)

      3,139    3,316,354

7.125%, 1/29/26 (a)

      5,582    6,140,200

7.25%, 3/15/15 (a)

      2,631    2,900,677

8.875%, 9/30/27 (a)

      10,586    13,735,335

9.375%, 7/23/12—4/01/29 (a)

      23,706    30,541,690
       
      56,634,256
       

Peru - 4.7%

      

Peru Bono Soberano

      

6.90%, 8/12/37 (a)

    PEN 5,091    1,752,097

8.20%, 8/12/26 (a)

      57,664    22,811,540

Republic of Peru

      

7.35%, 7/21/25 (a)

    US$ 3,665    4,178,100

8.375%, 5/03/16 (a)

      2,100    2,462,250

8.75%, 11/21/33 (a)(d)

      15,308    20,283,100
       
      51,487,087
       

Philippines - 8.8%

      

Republic of Philippines

      

7.50%, 9/25/24 (a)

      6,491    7,302,375

7.75%, 1/14/31 (a)

      8,942    10,350,365

8.25%, 1/15/14 (a)(d)

      13,445    15,058,400

8.375%, 2/15/11 (a)

      684    738,036

8.875%, 3/17/15 (a)

      22,505    26,477,132

9.00%, 2/15/13 (a)

      2,829    3,221,524

9.50%, 10/21/24—2/02/30 (a)

      4,985    6,609,219

9.875%, 1/15/19 (d)

      14,521    19,007,989

10.625%, 3/16/25 (a)

      4,406    6,322,610
       
      95,087,650
       

Russia - 3.1%

      

Russian Federation

      

7.50%, 3/31/30 (a)(e)

      29,700    33,783,750
       

South Africa - 1.7%

      

Republic of South Africa

      

5.875%, 5/30/22 (a)

      2,850    2,821,500

7.375%, 4/25/12 (a)

      5,901    6,387,832

Series R153

      

13.00%, 8/31/10 (a)

    ZAR   60,470    9,581,475
       
      18,790,807
       

Turkey - 4.1%

      

Republic of Turkey

      

6.875%, 3/17/36 (a)

    US$ 5,000    4,912,500

Turkey Government Bond

      

Zero Coupon, 11/26/08 (a)

    TRY 29,527    21,908,795

16.00%, 3/07/12 (a)

      21,163    17,965,758
       
      44,787,053
       

Ukraine - 1.0%

      

Government of Ukraine

      

6.385%, 6/26/12 (a)(e)

    US$ 2,500    2,496,875

6.58%, 11/21/16 (a)(e)

      4,363    4,297,555

6.75%, 11/14/17 (a)(e)

      1,794    1,749,150

7.65%, 6/11/13 (a)(e)

      2,441    2,575,255
       
      11,118,835
       

Uruguay - 1.0%

      

Republic of Uruguay

      

7.625%, 3/21/36 (a)

      1,700    1,857,250

7.875%, 1/15/33 (a)(g)

      4,950    5,543,461

8.00%, 11/18/22 (a)

      3,354    3,756,006
       
      11,156,717
       

Venezuela - 5.7%

      

Republic of Venezuela

      

5.75%, 2/26/16 (a)

      12,824    10,274,829

6.00%, 12/09/20 (a)

      2,156    1,627,780

6.00%, 12/09/20

      7,454    5,627,393

7.00%, 12/01/18 (a)(e)

      16,282    13,904,828

7.65%, 4/21/25 (a)

      12,667    10,830,285

8.50%, 10/08/14 (a)

      2,793    2,702,228

9.25%, 9/15/27 (a)

      1,494    1,494,000

9.375%, 1/13/34 (a)

      10,103    10,052,485

13.625%, 8/15/18 (a)

      3,938    5,048,122
       
      61,561,950
       

Total Sovereigns

(cost $730,975,024)

       790,957,337
       

AllianceBernstein Global High Income Fund

 

CORPORATES - 32.4%

      

Australia - 1.1%

      

HBOs Treasury

      

Series 2006

      

8.76%, 4/13/09 (a)(c)

    NZD  15,800    12,133,363
       

Belgium - 0.1%

      

WDAC Subsidiary Corp.

      

8.375%, 12/01/14 (a)(e)

    US$ 700    700,000
       

Bermuda - 0.2%

      

Intelsat Bermuda Ltd.

      

11.25%, 6/15/16 (a)

      1,600    1,652,000

Intelsat Subsidiary Holding Co. Ltd.

      

8.625%, 1/15/15 (a)

      650    653,250
       
      2,305,250
       

Brazil - 1.3%

      

Banco BMG SA

      

9.15%, 1/15/16 (a)(e)

      3,300    3,359,334

Republic of Brazil

      

8.75%, 2/04/25 (a)

      3,934    4,986,345

Vale Overseas Ltd.

      

6.875%, 11/21/36 (a)

      5,552    5,616,464
       
      13,962,143
       

Canada - 0.5%

      

Bombardier, Inc.

      

6.30%, 5/01/14 (a)(e)

      1,655    1,617,763

8.00%, 11/15/14 (a)(e)

      1,050    1,081,500

Nortel Networks Ltd.

      

10.75%, 7/15/16 (a)(e)

      600    630,000

Quebecor Media, Inc.

      

7.75%, 3/15/16 (a)

      1,400    1,344,000

Shaw Communications, Inc.

      

7.20%, 12/15/11 (a)

      200    205,750
       
      4,879,013
       

Cayman Islands - 0.1%

      

Seagate Technology HDD Holding

      

6.375%, 10/01/11 (a)

      1,600    1,578,000
       

El Salvador - 0.3%

      

MMG Fiduciary (AES El Salvador)

      

6.75%, 2/01/16 (a)(e)

      3,100    3,073,650
       

France - 0.1%

      

CIE Generale De Geophysique

      

7.50%, 5/15/15 (a)

      580    587,250
       

Hong Kong - 0.8%

      

Chaoda Modern Agriculture

      

7.75%, 2/08/10 (a)(e)

      3,976    3,936,240

Noble Group Ltd.

      

6.625%, 3/17/15 (a)(e)

      4,731    4,419,927
       
      8,356,167
       

Indonesia - 0.1%

      

Majapahit Holding BV

      

7.875%, 6/29/37 (a)(e)

      699    669,293
       

Ireland - 0.4%

      

Elan Finance PLC Elan Finance Corp.

      

7.75%, 11/15/11 (a)

      1,500    1,410,000

GPB Eurobond Finance PLC for Gazprombank

      

6.50%, 9/23/15 (a)

      1,950    1,823,250

Red Arrow Intl Leasing PLC

      

8.375%, 3/31/12 (a) RUB

      21,230    863,018
       
      4,096,268
       

Jamaica - 0.3%

      

Digicel Ltd.

      

9.25%, 9/01/12 (a)(e)

    US$ 3,416    3,480,221
       

Kazakhstan - 0.5%

      

ALB Finance BV

      

9.25%, 9/25/13 (a)(e)

      2,985    2,288,898

Kazkommerts International BV

      

8.50%, 4/16/13 (a)(e)

      3,000    2,715,000
       
      5,003,898
       

Luxembourg - 0.6%

      

Basell AF SCA

      

8.375%, 8/15/15 (a)(e)

      750    605,625

Mobile Telesystems Finance

      

9.75%, 1/30/08 (a)(e)

      2,740    2,741,370

RS Finance (RSB)

      

7.50%, 10/07/10 (a)(e)

      3,412    3,053,740
       
      6,400,735
       

Malaysia - 0.6%

      

Petronas Capital Ltd.

      

7.00%, 5/22/12 (a)(e)

      6,437    7,008,412
       

Netherlands - 0.0%

      

NXP BV / NXP Funding LLC

      

7.993%, 10/15/13 (a)(c)

      250    230,000

9.50%, 10/15/15 (a)

      250    229,063
       
      459,063
       

Peru - 0.5%

      

IIRSA Norte Finance Ltd.

      

8.75%, 5/30/24 (a)(e)

      2,382    2,703,488

Southern Copper Corp.

      

7.50%, 7/27/35 (a)

      3,000    3,177,330
       
      5,880,818
       

Russia - 5.3%

      

Alfa Bond Issuance PLC

      

8.625%, 12/09/15 (a)

    2,360    2,270,957

Citigroup (JSC Severstal)

      

9.25%, 4/19/14 (a)(e)

    2,256    2,395,872

Evraz Group SA

      

8.25%, 11/10/15 (a)(e)

    3,933    3,875,185

Gallery Capital SA

      

10.125%, 5/15/13 (a)(e)

    2,567    2,408,820

Gaz Capital for Gazprom

      

6.51%, 3/07/22 (a)(e)

    25,276    24,436,837

Gazprom

      

6.212%, 11/22/16 (a)(e)

    814    780,952

6.51%, 3/07/22 (a)(e)

    4,690    4,458,783

Gazstream SA

      

5.625%, 7/22/13 (a)(e)

    1,552    1,530,604

Mobile Telesystems Finance

      

9.75%, 1/30/08 (a)(e)

    2,650    2,650,000

RS Finance (RSB)

      

7.50%, 10/07/10 (a)(e)

    1,933    1,710,705

Russia Agriculture Bank Rshb C

      

6.299%, 5/15/17 (a)(e)

    3,254    3,083,165

TNK-BP Finance SA

      

7.50%, 7/18/16 (a)(e)

    5,777    5,593,716

VTB Capital SA

      

6.609%, 10/31/12 (a)(e)

    2,300    2,257,450
       
      57,453,046
       

Singapore - 0.1%

      

Avago Technologies Finance

      

10.125%, 12/01/13 (a)

    200    209,250

Flextronics International Ltd.

      

6.50%, 5/15/13 (a)

    750    727,500
       
      936,750
       

South Korea - 0.1%

      

C&M Finance Ltd.

      

8.10%, 2/01/16 (a)(e)

    1,405    1,390,950
       

United Kingdom - 0.2%

      

Cadbury Schweppes US Finance LLC

      

5.125%, 10/01/13 (a)(e)

    530    529,690

Ineos Group Holdings PLC

      

8.50%, 2/15/16 (a)(e)

    850    756,500

Inmarsat Finance PLC

      

7.625%, 6/30/12 (a)

    1,000    1,030,000

Royal Bank of Scotland Group PLC

      

7.648%, 9/30/31 (a)(b)

    299    308,489
       
      2,624,679
       

United States - 19.2%

      

The AES Corp.

      

7.75%, 3/01/14 (a)

    1,900    1,914,250

AK Steel Corp.

      

7.75%, 6/15/12 (a)

    800    804,000

Albertson's, Inc.

      

7.45%, 8/01/29 (a)

    1,900    1,828,634

Allbritton Communications Co.

      

7.75%, 12/15/12 (a)

    700    693,000

Allegheny Energy Supply

      

8.25%, 4/15/12 (a)(e)

    1,650    1,761,375

 

Allied Waste North America, Inc.

      

6.875%, 6/01/17 (a)

    1,230    1,199,250

Series B

      

7.375%, 4/15/14 (a)

    1,250    1,246,875

Allison Transmission

      

11.00%, 11/01/15 (a)(e)

    2,585    2,352,350

Alltel Corp.

      

7.875%, 7/01/32 (a)

    1,050    803,250

AMC Entertainment, Inc.

      

11.00%, 2/01/16 (a)

    1,745    1,836,613

American Real Estate Partners LP

      

7.125%, 2/15/13 (a)(e)

    2,185    2,053,900

American Tower Corp.

      

7.00%, 10/15/17 (a)(e)

    685    688,425

7.125%, 10/15/12 (a)

    1,350    1,387,125

Amkor Technology, Inc.

      

9.25%, 6/01/16 (a)

    1,995    1,999,988

Aquila, Inc.

      

14.875%, 7/01/12 (a)

    1,100    1,380,500

ARAMARK Corp.

      

8.50%, 2/01/15 (a)

    1,000    1,012,500

Arch Western Finance LLC

      

6.75%, 7/01/13 (a)

    400    388,000

Associated Materials, Inc.

      

11.25%, 3/01/14 (a)(h)

    1,000    640,000

Avis Budget Car Rental

      

7.75%, 5/15/16 (a)

    750    705,000

Berry Plastics Holding Corp.

      

8.875%, 9/15/14 (a)

    700    665,000

10.25%, 3/01/16 (a)

    300    262,500

Boyd Gaming Corp.

      

7.75%, 12/15/12 (a)

    450    455,625

Broder Brothers Co.

      

Series B

      

11.25%, 10/15/10 (a)

    400    308,000

Burlington Coat Factory Warehouse Corp.

      

11.125%, 4/15/14 (a)

    250    200,625

CA, Inc.

      

4.75%, 12/01/09 (a)(e)

    500    501,521

Cablevision Systems Corp.

      

Series B

      

8.00%, 4/15/12 (a)

    900    873,000

Capital One Financial Corp.

      

6.75%, 9/15/17 (a)

    287    275,268

Case Corp.

      

7.25%, 1/15/16 (a)

    1,265    1,265,000

Case New Holland, Inc.

      

7.125%, 3/01/14 (a)

    1,985    1,980,038

CCH I Holdings LLC

      

11.75%, 5/15/14 (a)

    3,250    2,055,625

CDX North America High Yield

      

Series 8-T1

      

7.625%, 6/29/12 (a)(e)

    10,000    9,687,500

Chesapeake Energy Corp.

      

6.375%, 6/15/15 (a)

    1,800    1,741,500

Citizens Communications Co.

      

6.25%, 1/15/13 (a)

    1,000    968,750

Clear Channel Communications, Inc.

      

5.50%, 9/15/14 (a)

    2,855    2,176,181

Community Health Systems, Inc.

      

8.875%, 7/15/15 (a)

    1,115    1,135,906

 

Complete Production Services, Inc.

      

8.00%, 12/15/16 (a)

    855    827,213

Continental Airlines, Inc.

      

Series RJO3

      

7.875%, 7/02/18 (a)

    800    762,055

Couche-Tard, Inc.

      

7.50%, 12/15/13 (a)

    700    698,250

Cricket Communications, Inc.

      

9.375%, 11/01/14 (a)

    1,515    1,420,313

Crown Americas

      

7.625%, 11/15/13 (a)

    800    818,000

Crum & Forster Holdings Corp.

      

7.75%, 5/01/17 (a)

    500    490,625

CSC Holdings, Inc.

      

7.625%, 7/15/18 (a)

    2,000    1,837,500

DaVita, Inc.

      

7.25%, 3/15/15 (a)

    700    701,750

Dean Foods Co.

      

7.00%, 6/01/16 (a)

    1,175    1,045,750

DirecTV Holdings LLC

      

6.375%, 6/15/15 (a)

    1,700    1,632,000

Dole Food Company, Inc.

      

8.875%, 3/15/11 (a)

    600    555,000

Domtar Corp.

      

5.375%, 12/01/13 (a)

    1,820    1,642,550

Dynegy Holdings, Inc.

      

7.75%, 6/01/19 (a)

    1,900    1,752,750

8.375%, 5/01/16 (a)

    1,460    1,427,150

Echostar DBS Corp.

      

6.625%, 10/01/14 (a)

    1,535    1,527,325

7.125%, 2/01/16 (a)

    1,000    1,020,000

Edison Mission Energy

      

7.00%, 5/15/17 (a)

    1,925    1,891,312

7.50%, 6/15/13 (a)

    700    717,500

7.75%, 6/15/16 (a)

    700    721,000

El Paso Corp.

      

7.375%, 12/15/12 (a)

    1,000    1,023,801

Energy Future Holdings Corp.

      

10.875%, 11/01/17 (a)(e)

    1,975    1,984,875

Enterprise Products Operating LP

      

8.375%, 8/01/66 (a)(b)

    1,545    1,581,834

First Data Corp.

      

9.875%, 9/24/15 (a)(e)

    587    545,910

Ford Motor Co.

      

7.45%, 7/16/31 (a)

    2,250    1,670,625

Ford Motor Credit Co.

      

7.00%, 10/01/13 (a)

    3,700    3,090,939

7.993%, 1/13/12 (a)(c)

    500    419,981

FPL Group Capital, Inc.

      

6.35%, 10/01/66 (a)(b)

    1,185    1,120,760

Freeport-McMoRan Copper & Gold, Inc.

      

8.375%, 4/01/17 (a)

    1,580    1,694,550

Freescale Semiconductor, Inc.

      

8.875%, 12/15/14 (a)

    500    446,250

10.125%, 12/15/16 (a)

    1,500    1,237,500

Gaylord Entertainment Co.

      

8.00%, 11/15/13 (a)

    800    796,000

General Motors Acceptance Corp.

      

6.75%, 12/01/14 (a)

    2,795    2,254,304

8.00%, 11/01/31 (a)

    820    687,877

General Motors Corp.

      

8.375%, 7/15/33 (a)

    1,920    1,545,600

Georgia-Pacific Corp.

      

7.125%, 1/15/17 (a)(e)

    800    778,000

Goodman Global Holdings, Inc.

      

7.875%, 12/15/12 (a)

    550    566,500

The Goodyear Tire & Rubber Co.

      

9.00%, 7/01/15 (a)

    1,500    1,590,000

Grant Prideco, Inc.

      

Series B

      

6.125%, 8/15/15 (a)

    575    600,875

Greektown Holdings LLC

      

10.75%, 12/01/13 (a)(e)

    200    194,500

GSC Holdings Corp.

      

8.00%, 10/01/12 (a)

    1,200    1,249,500

Hanger Orthopedic Group, Inc.

      

10.25%, 6/01/14 (a)

    450    461,250

Harrah’s Operating Co., Inc

      

5.625%, 6/01/15 (a)

    2,304    1,681,920

5.75%, 10/01/17 (a)

    196    132,790

6.50%, 6/01/16 (a)

    1,615    1,203,175

HCA, Inc.

      

6.375%, 1/15/15 (a)

    2,210    1,867,450

9.25%, 11/15/16 (a)

    1,850    1,942,500

Healthsouth Corp.

      

10.75%, 6/15/16 (a)

    550    574,750

Hertz Corp.

      

8.875%, 1/01/14 (a)

    500    506,875

10.50%, 1/01/16 (a)

    550    569,250

Hexion US Finance Corp./Hexion Nova Scotia Finance ULC

      

9.369%, 11/15/14 (a)(c)

    550    561,000

Hilcorp Energy I LP/Hilcorp Finance Co.

      

7.75%, 11/01/15 (a)(e)

    905    889,162

Host Hotels & Resorts LP

      

6.875%, 11/01/14 (a)

    200    199,000

Host Marriott LP

      

Series O

      

6.375%, 3/15/15 (a)

    1,500    1,462,500

Huntsman International LLC

      

7.875%, 11/15/14 (a)

      850    901,000

IASIS Healthcare Corp.

      

8.75%, 6/15/14 (a)

      700    700,000

Idearc, Inc.

      

8.00%, 11/15/16 (a)

      1,000    917,500

Iron Mountain, Inc.

      

6.625%, 1/01/16 (a)

      750    709,688

Jefferson Smurfit Corp. US

      

8.25%, 10/01/12 (a)

      400    394,000

JPMorgan Chase

      

7.00%, 6/28/17 (a)(e)

    RUB   168,000    6,322,584

KB Home

      

7.75%, 2/01/10 (a)

    US$ 600    555,000

Keystone Automotive Operations, Inc.

      

9.75%, 11/01/13 (a)

      700    514,500

Kinder Morgan Finance Co.

      

5.70%, 1/05/16 (a)

      250    226,300

L-3 Communications Corp.

      

5.875%, 1/15/15 (a)

      800    772,000

Lamar Media Corp.

      

6.625%, 8/15/15 (a)

      350    340,375

Lear Corp.

      

Series B

      

5.75%, 8/01/14 (a)

      365    299,300

8.50%, 12/01/13 (a)

      600    558,000

8.75%, 12/01/16 (a)

      1,505    1,369,550

Level 3 Financing, Inc.

      

8.75%, 2/15/17 (a)

      1,350    1,157,625

9.25%, 11/01/14 (a)

      540    488,700

Levi Strauss & Co.

      

8.875%, 4/01/16 (a)

      1,000    967,500

Liberty Media Corp.

      

5.70%, 5/15/13 (a)

      350    324,244

8.25%, 2/01/30 (a)

      350    335,874

Liberty Mutual Group, Inc.

      

5.75%, 3/15/14 (a)(e)

      600    611,050

7.80%, 3/15/37 (a)(e)

      495    437,283

Limited Brands, Inc.

      

5.25%, 11/01/14 (a)

      873    783,581

LIN Television Corp.

      

6.50%, 5/15/13 (a)

      580    545,925

MGM Mirage

      

6.625%, 7/15/15 (a)

      4,900    4,593,750

7.625%, 1/15/17 (a)

      2,500    2,468,750

Mirant Americas Generation LLC

      

8.50%, 10/01/21 (a)

      1,570    1,440,475

Mohegan Tribal Gaming Auth

      

7.125%, 8/15/14 (a)

      600    580,500

The Mosaic Co.

      

7.875%, 12/01/16 (a)(e)(f)

      1,435    1,549,800

NewMarket Corp.

      

7.125%, 12/15/16 (a)

    570    564,300

NewPage Corp.

      

10.00%, 5/01/12 (a)

    550    552,750

NRG Energy, Inc.

      

7.375%, 2/01/16—1/15/17 (a)

    2,690    2,622,750

Owens Brockway Glass Container, Inc.

      

6.75%, 12/01/14 (a)

    2,835    2,820,825

PanAmSat Corp.

      

9.00%, 8/15/14 (a)

    700    703,500

Peabody Energy Corp.

      

Series B

      

6.875%, 3/15/13 (a)

    1,500    1,507,500

Penn National Gaming, Inc.

      

6.875%, 12/01/11 (a)

    800    808,000

PetroHawk Energy Corp.

      

9.125%, 7/15/13 (a)

    500    526,250

Plains Exploration & Production Co.

      

7.75%, 6/15/15 (a)

    1,090    1,090,000

Plastipak Holdings, Inc.

      

8.50%, 12/15/15 (a)(e)

    300    300,000

Pride International, Inc.

      

7.375%, 7/15/14 (a)

    655    673,013

PSEG Energy Holdings LLC

      

8.50%, 6/15/11 (a)

    400    416,845

Quality Distribution LLC

      

9.00%, 11/15/10 (a)

    900    765,000

Qwest Capital Funding, Inc.

      

7.25%, 2/15/11 (a)

    1,900    1,871,500

Qwest Corp.

      

6.875%, 9/15/33 (a)

    1,000    922,500

Rainbow National Services LLC

      

8.75%, 9/01/12 (a)(e)

    500    514,375

10.375%, 9/01/14 (a)(e)

    335    363,056

Range Resources Corp.

      

7.50%, 5/15/16 (a)

    500    510,000

RBS Global, Inc. and Rexnord Corp.

      

9.50%, 8/01/14 (a)

    600    594,000

11.75%, 8/01/16 (a)

    350    342,125

Realogy Corp.

      

10.50%, 4/15/14 (a)(e)

    600    448,500

Regency Energy Partners

      

8.375%, 12/15/13 (a)

    533    548,990

Reliant Energy, Inc.

      

7.625%, 6/15/14 (a)

    690    683,100

7.875%, 6/15/17 (a)

    855    846,450

Residential Capital LLC

      

7.875%, 6/30/10 (a)

    1,475    944,000

8.00%, 4/17/13 (a)

    545    335,175

8.375%, 6/30/15 (a)

    1,280    774,400

AllianceBernstein Global High Income Fund

 

Reynolds American, Inc.

      

7.25%, 6/01/13 (a)

    1,350    1,427,941

7.625%, 6/01/16 (a)

    1,300    1,381,895

RH Donnelley Corp.

      

Series A-1

      

6.875%, 1/15/13 (a)

    500    447,500

Series A-3

      

8.875%, 1/15/16 (a)

    2,165    2,024,275

Rite Aid Corp.

      

6.875%, 8/15/13 (a)

    600    436,500

9.25%, 6/01/13 (a)

    500    438,750

9.375%, 12/15/15 (a)

    1,095    908,850

9.50%, 6/15/17 (a)(e)

    436    360,790

Sbarro, Inc.

      

10.375%, 2/01/15 (a)

    200    176,000

Select Medical Corp.

      

7.625%, 2/01/15 (a)

    600    513,000

Serena Software, Inc.

      

10.375%, 3/15/16 (a)

    200    197,000

Service Corp. International

      

6.75%, 4/01/16 (a)

    1,185    1,140,563

Sierra Pacific Resources

      

8.625%, 3/15/14 (a)

    600    641,119

Sirius Satellite Radio, Inc.

      

9.625%, 8/01/13 (a)

    400    378,000

Six Flags, Inc.

      

9.75%, 4/15/13 (a)

    700    525,000

SLM Corp.

      

4.50%, 7/26/10 (a)

    465    426,497

5.125%, 8/27/12 (a)

    465    415,913

Spectrum Brands, Inc.

      

7.375%, 2/01/15 (a)

    645    477,300

Sprint Capital Corp.

      

6.875%, 11/15/28 (a)

    2,000    1,896,726

Stater Brothers Holdings

      

8.125%, 6/15/12 (a)

    300    296,250

Station Casinos, Inc.

      

6.625%, 3/15/18 (a)

    4,015    2,750,275

Sungard Data Systems, Inc.

      

9.125%, 8/15/13 (a)

    1,300    1,322,750

Tenet Healthcare Corp.

      

7.375%, 2/01/13 (a)

    1,100    962,500

Tenneco, Inc.

      

8.625%, 11/15/14 (a)

    300    294,750

Terex Corp.

      

8.00%, 11/15/17 (a)

    715    723,938

Terrestar Networks, Inc.

      

15.00%, 2/15/14 (a)(e)(g)

    1,204    1,270,712

Tesoro Corp.

      

6.50%, 6/01/17 (a)

    1,380    1,366,200

Texas Competitive Electric Holdings Co. LLC

      

10.25%, 11/01/15 (a)(e)

    2,000    1,980,000

Time Warner Telecom Holdings, Inc.

      

9.25%, 2/15/14 (a)

    500    511,250

Trinity Industries, Inc.

      

6.50%, 3/15/14 (a)

    1,250    1,228,125

Trump Entertainment Resorts, Inc.

      

8.50%, 6/01/15 (a)

    200    152,250

TRW Automotive, Inc.

      

7.25%, 3/15/17 (a)(e)

    2,300    2,064,250

Turning Stone Resort Casino Enterprise

      

9.125%, 12/15/10 (a)(e)

    600    606,000

TXU Corp.

      

Series P

      

5.55%, 11/15/14 (a)

    2,050    1,636,275

Series Q

      

6.50%, 11/15/24 (a)

    2,050    1,495,291

Unisys Corp.

      

8.00%, 10/15/12 (a)

    300    262,500

United Rentals North America, Inc.

      

6.50%, 2/15/12 (a)

    1,500    1,361,250

Universal City Florida Holding Co.

      

8.375%, 5/01/10 (a)

    400    402,000

Univision Communications, Inc.

      

7.85%, 7/15/11 (a)

    1,000    996,250

Vanguard Health Holding Co.

      

11.25%, 10/01/15 (a)(h)

    500    370,000

Ventas Realty LP CAP CRP

      

6.75%, 4/01/17 (a)

    1,750    1,732,500

Viant Holdings, Inc.

      

10.125%, 7/15/17 (a)(e)

    383    350,445

Visant Corp.

      

7.625%, 10/01/12 (a)

    500    502,500

Visteon Corp.

      

7.00%, 3/10/14 (a)

    550    412,500

8.25%, 8/01/10 (a)

    250    221,250

West Corp.

      

9.50%, 10/15/14 (a)

    250    245,000

William Lyon Homes, Inc.

      

10.75%, 4/01/13 (a)

    500    300,000

Williams Cos, Inc.

      

7.625%, 7/15/19 (a)

    2,805    3,039,919

Windstream Corp.

      

8.125%, 8/01/13 (a)

    450    465,750

8.625%, 8/01/16 (a)

    450    472,500

WMG Holdings Corp.

      

9.50%, 12/15/14 (a)(h)

      1,700    1,088,000

Wynn Las Vegas LLC/Corp.

      

6.625%, 12/01/14 (a)

      1,500    1,473,750

XM Satellite Radio, Inc.

      

9.75%, 5/01/14 (a)

      395    382,163
       
      208,733,389
       

Total Corporates

(cost $367,320,418)

       351,712,358
       

SUPRANATIONALS - 2.4%

      

Snat - 1.1%

      

Inter-American Development Bank

      

Series INTL

      

13.00%, 6/20/08 (a)

    ISK 717,000    11,361,121
       

Supranational - 1.3%

      

International Bank for Reconstruction & Development

      

Series GMTN

      

9.75%, 8/02/10 (a)

    ZAR 36,530    5,228,392

International Finance Corp.

      

11.00%, 7/01/09 (a)

      63,170    9,256,879
       
      14,485,271
       

Total Supranationals

(cost $26,060,721)

       25,846,392
       

INFLATION-LINKED SECURITIES - 0.5%

      

Uruguay - 0.5%

      

Uruguay Government International Bond

      

3.70%, 6/26/37 (a)

    UYU   76,091    3,237,722

4.25%, 4/05/27 (a)

      49,321    2,306,252
       

Total Inflation-Linked Securities (cost $5,147,479)

       5,543,974
       

AGENCY DEBENTURES - 0.4%

      

United States - 0.4%

      

Pemex Project Funding Master Trust

      

5.75%, 3/01/18 (a)(e)

(cost $4,000,830)

    US$ 4,028    4,017,930
       
     Shares     

NON-CONVERTIBLE—PREFERRED STOCKS - 0.3%

      

Federal Home Loan Mortgage Corp.

      

8.375% (a)

      47,000    1,229,050

Federal National Mortgage Association

      

8.25% (a)

      70,450    1,814,087
       

Total Non-Convertible—Preferred Stocks

(cost $2,936,250)

       3,043,137
       

WARRANTS - 0.2%

      

Central Bank of Nigeria, expiring 11/15/20 (a)(i)

      10,750      2,472,500  
           

Republic of Venezuela, expiring 4/15/20 (a)(i)

      45,599      0  
           

Total Warrants

(cost $0)

         2,472,500  
           
     Principal
Amount
(000)		       

U.S. TREASURIES - 0.1%

      

U.S. Treasury Note - 0.1%

      

4.50%, 5/15/17 (a)

(cost $1,505,383)

    US$ 1,500      1,554,726  
           

REGIONALS - 0.1%

      

Colombia - 0.1%

      

Bogota Distrio Capital

      

9.75%, 7/26/28 (a)(e)

(cost $1,345,311)

    COP   2,871,000      1,349,929  
           

SHORT-TERM INVESTMENTS - 0.6%

      

Time Deposit - 0.6%

      

The Bank of New York

      

3.25%, 1/02/08

    US$ 516      516,000  

Societe Generale

      

3.45%, 1/02/08

      5,600      5,600,000  
           

Total Short-Term Investments

(cost $6,116,000)

         6,116,000  
           

Total Investments—109.9%

(cost $1,145,407,416)

         1,192,614,283  

Other assets less liabilities—(9.9)%

         (107,186,303 )
           

Net Assets—100.0%

       $ 1,085,427,980  
           

CREDIT DEFAULT SWAP CONTRACTS

 

Swap Counterparty & Referenced Obligation

    Notional
Amount
(000)		    Interest
Rate		     Termination
Date		    Unrealized
Appreciation/
(Depreciation)		  

Sale Contracts:

           

Citigroup Global Markets, Inc. (Federal Republic of Brazil 12.25% 3/6/30)

    $ 21,380    3.09 %   8/20/10    $ 1,559,634  

Citigroup Global Markets, Inc. (Republic of Philippines 10.625% 3/16/25)

      4,590    4.95     3/20/09      225,079  

JPMorgan Chase (OAO Gazprom 10.50% 10/21/09)

      12,210    1.04     10/20/10      (120,607 )

Lehman Brothers (Republic of Venzuela 9.25% 9/15/27)

      11,430    0.69     4/20/08      (17,818 )

Lehman Brothers (TRS 2% Issuer Cap Constrained HY Index 7/1/08)

      25,000    4.42     7/01/08      (174 )

Morgan Stanley (Federal Republic of Brazil 10.125% 5/15/27)

      8,000    17.75     2/13/08      723,861  

FORWARD CURRENCY EXCHANGE CONTRACTS

 

     Contract
Amount
(000)		    U.S. $
Value on
Origination
Date		    U.S. $ Value at
December 31,
2007		    Unrealized
Appreciation/
(Depreciation)		  

Buy Contracts:

            

South African Rand settling 1/07/08

    39,430    $ 5,809,565    $ 5,761,774    $ (47,791 )

South African Rand settling 1/08/08

    6,700      976,774      979,060      2,286  

Sale Contracts:

            

Mexican Nuevo Peso settling 2/14/08

    235,547      21,474,863      21,514,997      (40,133 )

South African Rand settling 1/07/08

    90,919      13,079,183      13,285,798      (206,615 )

South African Rand settling 1/07/08

    7,155      1,056,920      1,045,484      11,436  

South African Rand settling 1/07/08

    33,470      5,063,539      4,890,970      172,569  

REVERSE REPURCHASE AGREEMENTS

 

Broker

    Interest Rate     Maturity    Amount

JPMorgan Chase

    4.25 %   12/31/08    $ 14,632,382

JPMorgan Chase

    4.35     12/31/08      19,238,515

JPMorgan Chase

    4.35     12/31/08      18,120,591

UBS AG

    4.25     12/31/08      52,342,041
           
        $ 104,333,529
           

 

(a) Position, or a portion thereof, has been segregated to collateralize forward currency exchange contracts. The aggregate market value of these securities amounted to $1,081,209,741.
(b) Variable rate coupon, rate shown as of December 31, 2007.
(c) Floating Rate Security. Stated interest rate was in effect at December 31, 2007.
(d) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements. The aggregate market value of these securities amounted to $105,288,542.
(e) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At December 31, 2007, the aggregate market value of these securities amounted to $282,065,944 or 26.0% of net assets.
(f) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at December 31, 2007.
(g) Pay-In-Kind Payments (PIK).
(h) Indicates a security that has a zero coupon that remains in effect until a predetermined date at which time the stated coupon rate becomes effective until final maturity.
(i) Non-income producing security.

Currency Abbreviations:

 

ARS   -    Argentine Peso
BRL   -    Brazilian Real
COP   -    Colombian Peso
EUR   -    Euro Dollar
HUF   -    Hungarian Forint
MXN   -    Mexican Peso
NZD   -    New Zealand Dollar
PEN   -    Peruvian New Sol
RUB   -    Russia Ruble
TRY   -    New Turkish Lira
UYU   -    Uruguayan Peso
ZAR   -    South African Rand
Glossary:
STP   -    Structured Product

Country Breakdown *

December 31, 2007 (unaudited)

Summary

 

  18.2 %   United States
  14.4 %   Brazil
  8.0 %   Philippines
  7.7 %   Russia
  5.2 %   Venezuela
  4.8 %   Peru
  4.7 %   Panama
  3.8 %   Turkey
  3.8 %   Mexico
  3.5 %   Argentina
  3.2 %   Indonesia
  3.0 %   Colombia
  1.6 %   South Africa
  17.6 %   Other
  0.5 %   Short-Term Investments
       
  100.0 %   Total Investments
       

 

* All data are as of December 31, 2007. The Fund's country breakdown is expressed as a percentage of total investments and may vary over time. 'Other' country weightings represents 1.6% or less in the following countries: Australia, Belgium, Bermuda, Bulgaria, Canada, Cayman Islands, Costa Rica, Dominican Republic, Ecuador, El Salvador, France, Hong Kong, Hungary, Ireland, Jamaica, Kazakhstan, Lebanon, Luxembourg, Malaysia, Netherlands, Nigeria, Pakistan, Singapore, Snat, South Korea, Supranational, Ukraine, United Kingdom, Uruguay.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

  

DESCRIPTION OF EXHIBIT

3 (a) (1)

   Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

3 (a) (2)

   Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Global High Income Fund, Inc.

 

By:  

/s/ Marc O. Mayer

  Marc O. Mayer
  President
Date:   February 22, 2008

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:

  

/s/ Marc O. Mayer

  Marc O. Mayer
  President

Date:

   February 22, 2008

By:

  

/s/ Joseph J. Mantineo

  Joseph J. Mantineo
  Treasurer and Chief Financial Officer

Date:

   February 22, 2008

 

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