AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

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AllianceBernstein Global High Income Fund, Inc.

Aug 25, 2010, 04:06 ET

NEW YORK, Aug. 25 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc.(NYSE: AWF) (the "Fund") today released its monthly portfolio update as of July 31, 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	1.73%
2) Argentina Bonos 7.00%, 10/03/15	1.51%
3) Republic of Colombia 7.375%, 1/27/17 - 9/18/37	1.31%
4) Republic of Philippines 9.875%, 1/15/19	1.14%
5) Republic of Colombia 12.00%, 10/22/15	0.97%
6) Republic of Indonesia 6.875%, 1/17/18	0.97%
7) Gaz Capital SA for Gazprom 6.51%, 3/07/22	0.92%
8) RSHB Capital SA for OJSC Russian Agricultural Bank 7.75%, 5/29/18	0.92%
9) Republic of Indonesia 6.625%, 2/17/37	0.83%
10) South Africa Government Bond Series R203 8.25%,9/15/17	0.75%

Fixed Income Holdings by Security Type	Portfolio %
Corporates - Non-Investment Grades
Industrial
Basic	5.64%
Consumer Cyclical - Other	4.44%
Consumer Non-Cyclical	4.40%
Communications - Media	3.93%
Capital Goods	3.77%
Energy	2.91%
Communications - Telecommunications	2.70%
Consumer Cyclical - Retailers	2.08%
Technology	2.04%
Consumer Cyclical - Automotive	1.54%
Services	1.26%
Transportation - Services	0.81%
Other Industrial	0.65%
Transportation - Airlines	0.56%
Consumer Cyclical - Entertainment	0.28%
Consumer Cyclical - Restaurants	0.21%
Transportation - Railroads	0.11%
SUBTOTAL	37.33%
Financial Institutions
Banking	1.58%
Finance	1.22%
Insurance	1.13%
Brokerage	0.34%
Other Finance	0.31%
SUBTOTAL	4.58%
Utility
Electric	2.16%
Natural Gas	0.62%
SUBTOTAL	2.78%
Credit Default Index Holdings
DJ CDX.NA.HY-100	0.41%
SUBTOTAL	0.41%
SUBTOTAL	45.10%
Emerging Markets - Sovereigns	14.70%
Corporates - Investment Grades
Financial Institutions
Banking	1.67%
Insurance	1.34%
Finance	0.30%
REITS	0.27%
Other Finance	0.25%
Brokerage	0.05%
SUBTOTAL	3.88%
Industrial
Basic	1.17%
Energy	0.88%
Other Industrial	0.33%
Technology	0.25%
Capital Goods	0.18%
Communications - Telecommunications	0.17%
Services	0.15%
Consumer Non-Cyclical	0.14%
Consumer Cyclical - Retailers	0.11%
Transportation - Airlines	0.08%
SUBTOTAL	3.46%
Non Corporate Sectors
Agencies - Not Government Guaranteed	1.85%
SUBTOTAL	1.85%
Utility
Electric	0.19%
SUBTOTAL	0.19%
SUBTOTAL	9.38%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	6.73%
Non-Agency Floating Rate CMBS	0.13%
SUBTOTAL	6.86%
Quasi-Sovereigns

Quasi-Sovereign Bonds	4.72%
SUBTOTAL	4.72%
Governments - Treasuries
Treasuries	3.95%
SUBTOTAL	3.95%
Governments - Sovereign Bonds	2.97%
CMOs
Non-Agency Fixed Rate	1.28%
Non-Agency Floating Rate	0.74%
Non-Agency ARMs	0.31%
SUBTOTAL	2.33%
Emerging Markets - Treasuries	2.10%
Bank Loans
Industrial
Communications - Media	0.44%
Capital Goods	0.20%
Technology	0.18%
Basic	0.15%
Consumer Cyclical - Automotive	0.15%
Consumer Cyclical - Other	0.13%
Services	0.10%
Consumer Cyclical - Retailers	0.08%
Energy	0.06%
Consumer Non-Cyclical	0.03%
SUBTOTAL	1.52%
Financial Institutions
Finance	0.15%
REITS	0.10%
SUBTOTAL	0.25%
Utility
Electric	0.18%
SUBTOTAL	0.18%
SUBTOTAL	1.95%
Emerging Markets - Corporate Bonds
Industrial
Basic	0.36%
Consumer Non-Cyclical	0.23%
Consumer Cyclical - Retailers	0.17%
Energy	0.14%
Other Industrial	0.13%
SUBTOTAL	1.03%
Financial Institutions
Banking	0.63%
Other Finance	0.23%
SUBTOTAL	0.86%
SUBTOTAL	1.89%
Asset-Backed Securities
Home Equity Loans - Fixed Rate	1.09%
Home Equity Loans - Floating Rate	0.15%
SUBTOTAL	1.24%
Supranationals	0.57%
Corporate Bonds
Non Corporate Sectors	0.43%
SUBTOTAL	0.43%
Local Governments - Regional Bonds	0.39%
Common Stocks	0.36%
Local Governments - Municipal Bonds	0.29%
Agencies
Agency Subordinated	0.22%
SUBTOTAL	0.22%
Preferred Stocks
Financial Institutions	0.20%
SUBTOTAL	0.20%
Governments - Sovereign Agencies	0.10%
Warrants	0.01%
Short-Term Investments
Investment Companies	0.24%
Total Fixed Income	100.00%

Country Breakdown	Portfolio %
United States	53.93%
Russia	6.29%
Brazil	4.59%
Colombia	3.10%
Indonesia	2.84%
United Kingdom	2.02%
Argentina	2.00%
Kazakhstan	1.75%
Ukraine	1.69%
Philippines	1.65%
Turkey	1.62%
Venezuela	1.48%
South Africa	1.38%
Canada	1.10%
El Salvador	1.03%
Peru	1.01%
Dominican Republic	1.01%
Uruguay	1.00%
Netherlands	0.97%
Panama	0.87%
Hungary	0.86%
Ireland	0.67%
Germany	0.60%
Croatia	0.57%
Supranational	0.57%
Italy	0.48%
Lithuania	0.43%
Egypt	0.38%
India	0.34%
Barbados	0.33%
Hong Kong	0.33%
Ghana	0.31%
Iceland	0.29%
Greece	0.26%
China	0.25%
France	0.25%
Luxembourg	0.23%
Switzerland	0.23%
Czech Republic	0.22%
Gabon	0.20%
Trinidad & Tobago	0.14%
Sweden	0.13%
Serbia & Montenegro	0.12%
Norway	0.12%
Australia	0.11%
Japan	0.09%
Poland	0.08%
Jamaica	0.04%
Denmark	0.04%
Total Investments	100.00%

Credit Quality Breakdown	Portfolio %
AAA	5.56%
AA	1.27%
A	3.99%
BBB	21.55%
BB	27.50%
B	27.94%
CCC	11.19%
CC	0.17%
D	0.12%
A-1+	0.24%
N/R	0.47%
Total Investments	100.00%

Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	17.71%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	17.71%
Average Maturity:	8.78 Years
Effective Duration:	5.66 Years
Total Net Assets:	$1,248.2
Net Asset Value:	$14.66
Number of Holdings:	732

* 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.