AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Dec 28, 2010, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Dec. 28, 2010 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of November 30, 2010.

    
    
    
                 AllianceBernstein Global High Income Fund, Inc.
    
    Top 10 Fixed Income Holdings 
    
                                                               Portfolio % 
         1)  Republic of Brazil     12.50%, 1/05/16 - 1/05/22        1.79%
         2)  Republic of Argentina      7.00%, 10/03/15              1.22%
         3)  Republic of Colombia       12.00%, 10/22/15             0.91%
         4)  Gaz Capital SA for Gazprom 6.51%, 3/07/22               0.91%
         5)  RSHB Capital SA for OJSC Russian Agricultural           0.89%
             Bank                    7.75%, 5/29/18
         6)  South Africa Government Bond Series R203 8.25%,         0.79%
             9/15/17
         7)  Dominican Republic International Bond         
             8.625%,                                                 0.69%
             4/20/27
         8)  Turkey Government Bond     11.00%, 8/06/14              0.65%
         9)  Merrill Lynch/Countrywide Commercial Mortgage           0.64%
             Trust Series 2006-4, Class AM 5.204%, 12/12/49 
         10) Banc of America Commercial Mortgage, Inc.               0.62%
             Series 2007-5, Class A4 5.492%, 2/10/51
    
    Fixed Income Holdings by Security Type
                                                                  Portfolio %
        Corporates - Non-Investment Grades   
            Industrial
                Basic                                                 5.63%
                Consumer Non-Cyclical                                 5.60%
                Communications - Media                                4.92%
                Consumer Cyclical - Other                             4.24%
                Capital Goods                                         4.20%
                Energy                                                3.81%
                Communications - Telecommunications                   3.25%
                Consumer Cyclical - Retailers                         2.36%
                Technology                                            2.36%
                Consumer Cyclical - Automotive                        1.91%
                Services                                              1.37%
                Other Industrial                                      1.33%
                Transportation - Services                             1.00%
                Consumer Cyclical - Entertainment                     0.82%
                Transportation - Airlines                             0.56%
                Consumer Cyclical - Restaurants                       0.52%
            SUBTOTAL                                                 43.88%
            Financial Institutions
                Banking                                               1.22%
                Finance                                               1.10%
                Insurance                                             0.92%
                Other Finance                                         0.53%
                Brokerage                                             0.34%
                REITS                                                 0.31%
            SUBTOTAL                                                  4.42%
            Utility
                Electric                                              2.23%
                Natural Gas                                           0.57%
            SUBTOTAL                                                  2.80%
            Credit Default Index Holdings
                DJ CDX.NA.HY-100                                      0.40%
            SUBTOTAL                                                  0.40%
            Non Corporate Sectors
                Foreign Local Government - Municipal                  0.13%
            SUBTOTAL                                                  0.13%
    SUBTOTAL                                                         51.63%
    
    Corporates - Investment Grades
        Financial Institutions
             Banking                                               2.51%
             Insurance                                             1.71%
             Finance                                               0.39%
             REITS                                                 0.29%
             Other Finance                                         0.23%
             Brokerage                                             0.05%
         SUBTOTAL                                                  5.18%
         Industrial
             Basic                                                 1.11%
             Energy                                                0.80%
             Other Industrial                                      0.35%
             Capital Goods                                         0.24%
             Technology                                            0.18%
             Transportation - Services                             0.18%
             Communications - Telecommunications                   0.17%
             Consumer Non-Cyclical                                 0.15%
             Services                                              0.15%
             Consumer Cyclical - Retailers                         0.14%
             Transportation - Airlines                             0.08%
         SUBTOTAL                                                  3.55%
         Non Corporate Sectors
             Agencies - Not Government Guaranteed                  1.82%
         SUBTOTAL                                                  1.82%
         Utility
             Electric                                              0.19%
         SUBTOTAL                                                  0.19%
    SUBTOTAL                                                      10.74%
    
    Commercial Mortgage-Backed Securities 
        Non-Agency Fixed Rate CMBS                                 7.27%
        Non-Agency Floating Rate CMBS                              0.14%
    SUBTOTAL                                                       7.41%
    Emerging Markets - Sovereigns                                  6.29%
    Governments - Treasuries
        Treasuries                                                 4.19%
    SUBTOTAL                                                       4.19%
    Quasi-Sovereigns
        Quasi-Sovereign Bonds                                      3.62%
    SUBTOTAL                                                       3.62%
    Emerging Markets - Treasuries                                  2.96%
    Emerging Markets - Corporate Bonds
        Industrial
            Consumer Non-Cyclical                                 0.35%
            Consumer Cyclical - Other                             0.34%
            Basic                                                 0.29%
            Other Industrial                                      0.28%
            Consumer Cyclical - Retailers                         0.21%
            Communications - Telecommunications                   0.20%
            Energy                                                0.14%
            Technology                                            0.09%
        SUBTOTAL                                                  1.90%
        Financial Institutions
            Banking                                               0.76%
            Other Finance                                         0.23%
        SUBTOTAL                                                  0.99%
    SUBTOTAL                                                      2.89%
    CMOs
        Non-Agency Fixed Rate                                     1.26%
        Non-Agency Floating Rate                                  0.80%
        Non-Agency ARMs                                           0.16%
    SUBTOTAL                                                      2.22%
    Bank Loans
        Industrial
            Communications - Media                                0.44%
            Communications - Telecommunications                   0.21%
            Capital Goods                                         0.19%
            Basic                                                 0.15%
            Energy                                                0.15%
            Consumer Cyclical - Automotive                        0.14%
            Consumer Cyclical - Entertainment                     0.13%
            Services                                              0.10%
            Technology                                            0.09%
            Consumer Cyclical - Retailers                         0.08%
            Consumer Cyclical - Other                             0.07%
            Consumer Non-Cyclical                                 0.03%
            Consumer Cyclical - Restaurants                       0.02%
        SUBTOTAL                                                  1.80%
        Financial Institutions 
            Finance                                               0.11%
            REITS                                                 0.11%
        SUBTOTAL                                                  0.22%
        Utility
            Electric                                              0.18%
        SUBTOTAL                                                  0.18%
    SUBTOTAL                                                      2.20%
    Governments - Sovereign Bonds                                 1.53%
    Asset-Backed Securities
        Home Equity Loans - Fixed Rate                            1.13%
        Home Equity Loans - Floating Rate                         0.31%
    SUBTOTAL                                                      1.44%
    Supranationals                                                0.58%
    Local Governments - Regional Bonds                            0.54%
    Preferred Stocks
        Financial Institutions                                    0.39%
        Industrial                                                0.13%
    SUBTOTAL                                                      0.52%
    Inflation-Linked Securities                                   0.37%
    Local Governments - Municipal Bonds                           0.33%
    Common Stocks                                                 0.02%
    Short-Term Investments
        Investment Companies                                      0.52%
    Total Fixed Income                                          100.00%
    
    Country Breakdown
                                                     Portfolio %
    United States                                         59.87%
    Russia                                                5.80%
    Brazil                                                4.00%
    Argentina                                             2.46%
    United Kingdom                                        2.40%
    Ukraine                                               1.79%
    South Africa                                          1.55%
    Netherlands                                           1.53%
    Colombia                                              1.51%
    Turkey                                                1.33%
    Kazakhstan                                            1.15%
    El Salvador                                           1.03%
    Canada                                                1.02%
    Ireland                                               0.92%
    Germany                                               0.88%
    Hungary                                               0.82%
    France                                                0.82%
    Italy                                                 0.72%
    Dominican Republic                                    0.69%
    Indonesia                                             0.69%
    Philippines                                           0.68%
    Hong Kong                                             0.62%
    Supranational                                         0.58%
    Croatia                                               0.55%
    Switzerland                                           0.53%
    Peru                                                  0.48%
    Venezuela                                             0.43%
    China                                                 0.41%
    Uruguay                                               0.37%
    Barbados                                              0.33%
    India                                                 0.33%
    Ghana                                                 0.32%
    Luxembourg                                            0.31%
    Iceland                                               0.29%
    Egypt                                                 0.27%
    Greece                                                0.24%
    Czech Republic                                        0.22%
    Chile                                                 0.21%
    Australia                                             0.20%
    New Zealand                                           0.19%
    Poland                                                0.17%
    Spain                                                 0.15%
    Trinidad & Tobago                                     0.14%
    Sweden                                                0.13%
    Lithuania                                             0.12%
    Cote D'Ivoire                                         0.12%
    Serbia & Montenegro                                   0.12%
    Panama                                                0.10%
    Japan                                                 0.09%
    Norway                                                0.08%
    Austria                                               0.08%
    Singapore                                             0.04%
    Denmark                                               0.04%
    Jamaica                                               0.04%
    Bermuda                                               0.04%
    Total Investments                                   100.00%
    
        Credit Quality Breakdown
                                                              Portfolio %
           AAA                                                   5.86%
           AA                                                    1.90%
           A                                                     4.72%
           BBB                                                  18.47%
           BB                                                   22.65%
           B                                                    32.47%
           CCC                                                  11.88%
           CC                                                    0.24%
           D                                                     0.12%
           Short Term Investments                                0.52%
           Not Rated                                             1.17%
           Total Investments                                   100.00%
    
    Portfolio Statistics: 
    
        Percentage of Leverage: 
            Bank Borrowing:                                    0.00%
            Investment Operations:                            15.78%*
            Preferred Stock:                                   0.00%
            Tender Option Bonds:                               0.00%
            Term Asset-Backed Loans Facility (TALF):           0.00%
            Total Fund Leverage:                              15.78%
        Average Maturity:                                 7.59 Years
        Effective Duration:                               5.07 Years
        Total Net Assets:                          $1,280.82 Million
        Net Asset Value:                                      $15.04
        Number of Holdings:                                      796
    
    * 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.