AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Oct 26, 2010, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Oct. 26 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of September 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               1.83%
    2) Argentina Bonos    7.00%, 10/03/15                            1.18%
    3) Republic of Philippines    9.875%, 1/15/19                    1.14%
    4) Republic of Colombia    12.00%, 10/22/15                      0.98%
    5) Gaz Capital SA for Gazprom    6.51%, 3/07/22                  0.94%
    6) RSHB Capital SA for OJSC Russian Agricultural                 0.91%
        Bank    7.75%, 5/29/18
    7) Republic of Colombia    7.375%, 9/18/37                       0.89%
    8) Republic of Indonesia    6.625%, 2/17/37                      0.86%
    9) South Africa Government Bond Series R203 8.25%, 9/15/17       0.80%
    10) Dominican Republic    8.625%, 4/20/27                        0.68%
    
    Fixed Income Holdings by Security Type                      Portfolio %
    Corporates - Non-Investment Grades
        Industrial
          Basic                                                       5.95%
          Consumer Non-Cyclical                                       5.03%
          Communications - Media                                      4.40%
          Capital Goods                                               4.23%
          Consumer Cyclical - Other                                   3.83%
          Energy                                                      3.15%
          Communications - Telecommunications                         2.82%
          Technology                                                  2.28%
          Consumer Cyclical - Retailers                               2.23%
          Consumer Cyclical - Automotive                              1.78%
          Services                                                    1.26%
          Other Industrial                                            0.80%
          Transportation - Services                                   0.79%
          Consumer Cyclical - Entertainment                           0.62%
          Transportation - Airlines                                   0.54%
          Consumer Cyclical - Restaurants                             0.18%
          Transportation - Railroads                                  0.11%
        SUBTOTAL                                                     40.00%
      Financial Institutions
          Banking                                                     1.72%
          Finance                                                     1.02%
          Insurance                                                   0.84%
          Other Finance                                               0.41%
          Brokerage                                                   0.33%
        SUBTOTAL                                                      4.32%
      Utility
          Electric                                                    2.02%
          Natural Gas                                                 0.61%
        SUBTOTAL                                                      2.63%
      Credit Default Index Holdings
          DJ CDX.NA.HY-100                                            0.40%
        SUBTOTAL                                                      0.40%
    SUBTOTAL                                                         47.35%
    Emerging Markets - Sovereigns                                    11.31%
    Corporates - Investment Grades
        Financial Institutions
          Banking                                                     2.05%
          Insurance                                                   1.69%
          Finance                                                     0.38%
          REITS                                                       0.27%
          Other Finance                                               0.24%
          Brokerage                                                   0.05%
        SUBTOTAL                                                      4.68%
       Industrial
          Basic                                                       1.02%
          Energy                                                      0.79%
          Other Industrial                                            0.33%
          Capital Goods                                               0.18%
          Technology                                                  0.18%
          Communications - Telecommunications                         0.17%
          Transportation - Services                                   0.17%
          Services                                                    0.15%
          Consumer Non-Cyclical                                       0.14%
          Consumer Cyclical - Retailers                               0.11%
          Transportation - Airlines                                   0.08%
          Communications - Media                                      0.04%
        SUBTOTAL                                                      3.36%
          Non Corporate Sectors
          Agencies - Not Government Guaranteed                        1.85%
        SUBTOTAL                                                      1.85%
       Utility
          Electric                                                    0.19%
        SUBTOTAL                                                      0.19%
    SUBTOTAL                                                         10.08%
    Commercial Mortgage-Backed Securities
          Non-Agency Fixed Rate CMBS                                  6.91%
          Non-Agency Floating Rate CMBS                               0.13%
    SUBTOTAL                                                          7.04%
    Quasi-Sovereigns
          Quasi-Sovereign Bonds                                       4.64%
    SUBTOTAL                                                          4.64%
    Governments - Treasuries
          Treasuries                                                  4.39%
    SUBTOTAL                                                          4.39%
    Emerging Markets - Treasuries                                     2.86%
    Emerging Markets - Corporate Bonds
          Industrial
             Basic                                                    0.43%
             Consumer Non-Cyclical                                    0.35%
             Consumer Cyclical - Other                                0.25%
             Consumer Cyclical - Retailers                            0.22%
             Other Industrial                                         0.15%
             Energy                                                   0.14%
        SUBTOTAL                                                      1.54%
       Financial Institutions
             Banking                                                  0.66%
             Other Finance                                            0.22%
        SUBTOTAL                                                      0.88%
    SUBTOTAL                                                          2.42%
    CMOs
       Non-Agency Fixed Rate                                          1.25%
       Non-Agency Floating Rate                                       0.80%
       Non-Agency ARMs                                                0.30%
    SUBTOTAL                                                          2.35%
    Governments - Sovereign Bonds                                     1.86%
    Bank Loans
        Industrial
          Communications - Media                                      0.42%
          Capital Goods                                               0.19%
          Technology                                                  0.18%
          Basic                                                       0.15%
          Consumer Cyclical - Automotive                              0.14%
          Services                                                    0.09%
          Consumer Cyclical - Retailers                               0.08%
          Consumer Cyclical - Other                                   0.07%
          Energy                                                      0.06%
          Consumer Cyclical - Entertainment                           0.04%
          Consumer Non-Cyclical                                       0.03%
        SUBTOTAL                                                      1.45%
       Financial Institutions
         Finance                                                      0.11%
         REITS                                                        0.10%
       SUBTOTAL                                                       0.21%
      Utility
         Electric                                                     0.17%
       SUBTOTAL                                                       0.17%
    SUBTOTAL                                                          1.83%
    Asset-Backed Securities 
       Home Equity Loans - Fixed Rate                                 1.18%
       Home Equity Loans - Floating Rate                              0.25%
    SUBTOTAL                                                          1.43%
    Supranationals                                                    0.56%
    Local Governments - Regional Bonds                                0.42%
    Inflation-Linked Securities                                       0.34%
    Local Governments - Municipal Bonds                               0.28%
    Preferred Stocks
       Financial Institutions                                         0.22%
    SUBTOTAL                                                          0.22%
    Common Stocks                                                     0.01%
    Short-Term Investments
       Investment Companies                                           0.61%
    Total Fixed Income                                              100.00%
    
    Country Breakdown
    Portfolio %
    United States                                                    55.54%
    Russia                                                            6.06%
    Brazil                                                            4.00%
    Colombia                                                          2.53%
    Argentina                                                         2.21%
    United Kingdom                                                    2.18%
    Turkey                                                            1.85%
    Indonesia                                                         1.83%
    Ukraine                                                           1.78%
    Kazakhstan                                                        1.65%
    South Africa                                                      1.50%
    Philippines                                                       1.49%
    Uruguay                                                           1.31%
    Netherlands                                                       1.26%
    Ireland                                                           1.07%
    Canada                                                            1.04%
    Dominican Republic                                                1.03%
    El Salvador                                                       1.02%
    Hungary                                                           0.91%
    Venezuela                                                         0.86%
    Italy                                                             0.68%
    France                                                            0.67%
    Germany                                                           0.65%
    Supranational                                                     0.56%
    Croatia                                                           0.55%
    Peru                                                              0.49%
    Lithuania                                                         0.42%
    Luxembourg                                                        0.38%
    Hong Kong                                                         0.33%
    India                                                             0.33%
    Barbados                                                          0.32%
    Ghana                                                             0.32%
    Iceland                                                           0.30%
    Greece                                                            0.27%
    Egypt                                                             0.27%
    China                                                             0.25%
    Switzerland                                                       0.24%
    Czech Republic                                                    0.22%
    Chile                                                             0.22%
    Gabon                                                             0.21%
    Trinidad & Tobago                                                 0.14%
    Sweden                                                            0.13%
    Cote D'Ivoire                                                     0.12%
    Serbia & Montenegro                                               0.12%
    Australia                                                         0.11%
    Panama                                                            0.11%
    Japan                                                             0.09%
    Norway                                                            0.09%
    Poland                                                            0.09%
    Austria                                                           0.08%
    Jamaica                                                           0.04%
    Singapore                                                         0.04%
    Denmark                                                           0.04%
    Total Investments                                               100.00%
    
                Credit Quality Breakdown                        Portfolio %
                        AAA                                           5.67%
                        AA                                            1.87%
                        A                                             4.37%
                        BBB                                          19.81%
                        BB                                           25.53%
                        B                                            29.52%
                        CCC                                          11.58%
                        CC                                            0.13%
                        D                                             0.14%
                        A-1+                                          0.62%
                        N/R                                           0.76%
                        Total Investments                           100.00%
    
    Portfolio Statistics:
        Percentage of Leverage:
          Bank Borrowing:                                             0.00%
          Investment Operations:                                     16.42%*
          Preferred Stock:                                            0.00%
          Tender Option Bonds:                                        0.00%
          Term Asset-Backed Loans Facility (TALF):                    0.00%
          Total Fund Leverage:                                       16.42%
          Average Maturity:                                     8.33 Years
          Effective Duration:                                   5.38 Years
          Total Net Assets:                                       $1,286.5
          Net Asset Value:                                          $15.10
          Number of Holdings:                                          763
    

* 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.



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