AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Mar 29, 2011, 16:06 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, March 29, 2011 /PRNewswire/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of February 28, 2011.

AllianceBernstein Global High Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) Republic of Brazil 12.50%, 1/05/16 - 1/05/22

1.78%

2) Argentina Bonos 7.00%, 10/03/15

1.21%

3) Gazprom Via Gaz Capital SA 6.51%, 3/07/22

0.90%

4) RSHB Capital SA for OJSC Russian Agricultural Bank 7.75%, 5/29/18

0.87%

5) South Africa Government Bond Series R203 8.25%, 9/15/17

0.77%

6) Merrill Lynch/Countrywide Commercial Mortgage Trust Series 2006-4, Class AM 5.204%, 12/12/49

0.65%

7) Dominican Republic 8.625%, 4/20/27

0.61%

8) Intergas Finance BV 6.375%, 5/14/17

0.59%

9) RSHB Capital SA for OJSC Russian Agricultural Bank 6.299%, 5/15/17

0.58%

10) South Africa Government Bond Series R207 7.25%, 1/15/20

0.55%

Fixed Income Holdings by Security Type

Portfolio %

Corporates - Non-Investment Grades

Industrial

   Basic

6.44%

   Consumer Non-Cyclical

5.99%

   Communications - Media

5.00%

   Consumer Cyclical - Other

4.93%

   Capital Goods

4.74%

   Energy

4.70%

   Technology

3.23%

   Communications - Telecommunications

3.01%

   Consumer Cyclical - Retailers

2.29%

   Consumer Cyclical - Automotive

2.26%

   Other Industrial

1.67%

   Services

1.18%

   Transportation - Services

1.16%

   Consumer Cyclical - Entertainment

0.89%

   Transportation - Airlines

0.64%

   Consumer Cyclical - Restaurants

0.39%

   Transportation - Railroads

0.03%

 SUBTOTAL

48.55%

Financial Institutions

   Banking

1.66%

   Finance

1.19%

   Insurance

1.18%

   Other Finance

0.53%

   REITS

0.44%

   Brokerage

0.34%

 SUBTOTAL

5.34%

Utility

   Electric

2.12%

   Natural Gas

0.96%

 SUBTOTAL

3.08%

Non Corporate Sectors

   Foreign Local Government - Municipal

0.14%

 SUBTOTAL

0.14%

 SUBTOTAL

57.11%

Corporates - Investment Grades

 Financial Institutions

   Banking

3.02%

   Insurance

2.05%

   Finance

0.38%

   Other Finance

0.22%

   REITS

0.15%

   Brokerage

0.09%

 SUBTOTAL

5.91%

Industrial

   Basic

1.05%

   Other Industrial

0.32%

   Capital Goods

0.23%

   Energy

0.19%

   Transportation - Services

0.18%

   Communications - Telecommunications

0.17%

   Technology

0.17%

   Services

0.15%

   Consumer Cyclical - Retailers

0.14%

   Consumer Non-Cyclical

0.14%

   Transportation - Airlines

0.07%

 SUBTOTAL

2.81%

Non Corporate Sectors

   Agencies - Not Government Guaranteed

1.75%

 SUBTOTAL

1.75%

Utility

   Electric

0.18%

 SUBTOTAL

0.18%

 SUBTOTAL

10.65%

 Emerging Markets - Sovereigns

5.14%

 Governments - Treasuries

   Treasuries

4.73%

 SUBTOTAL

4.73%

 Quasi-Sovereigns

   Quasi-Sovereign Bonds

3.13%

 SUBTOTAL

3.13%

 Commercial Mortgage-Backed Securities

   Non-Agency Fixed Rate CMBS

3.10%

 SUBTOTAL

3.10%

 Emerging Markets - Corporate Bonds

Industrial

   Consumer Non-Cyclical

0.51%

   Capital Goods

0.18%

   Consumer Cyclical - Retailers

0.17%

   Other Industrial

0.16%

   Energy

0.14%

   Transportation - Services

0.14%

   Technology

0.12%

   Basic

0.10%

   Consumer Cyclical - Other

0.09%

 SUBTOTAL

1.61%

Financial Institutions

   Banking

0.85%

   Other Finance

0.23%

 SUBTOTAL

1.08%

 SUBTOTAL

2.69%

 Bank Loans

Industrial

   Capital Goods

0.36%

   Communications - Media

0.35%

   Technology

0.27%

   Communications - Telecommunications

0.22%

   Basic

0.16%

   Services

0.16%

   Consumer Cyclical - Automotive

0.14%

   Consumer Cyclical - Entertainment

0.13%

   Consumer Cyclical - Retailers

0.10%

   Consumer Cyclical - Other

0.09%

   Energy

0.09%

   Consumer Non-Cyclical

0.03%

   Other Industrial

0.03%

   Transportation - Services

0.01%

 SUBTOTAL

2.14%

Financial Institutions

   Finance

0.11%

   REITS

0.10%

 SUBTOTAL

0.21%

Utility

   Electric

0.18%

 SUBTOTAL

0.18%

 SUBTOTAL

2.53%

 CMOs

   Non-Agency Fixed Rate

1.31%

   Non-Agency Floating Rate

0.89%

   Non-Agency ARMs

0.29%

 SUBTOTAL

2.49%

 Emerging Markets - Treasuries

1.97%

 Local Governments - Municipal Bonds

1.51%

 Governments - Sovereign Bonds

1.23%

 Asset-Backed Securities

   Home Equity Loans - Fixed Rate

0.89%

   Home Equity Loans - Floating Rate

0.28%

 SUBTOTAL

1.17%

 Preferred Stocks

   Financial Institutions

0.49%

   Industrial

0.12%

   Non Corporate Sectors

0.01%

 SUBTOTAL

0.62%

Supranationals

0.56%

Local Governments - Regional Bonds

0.50%

Inflation-Linked Securities

0.36%

Governments - Sovereign Agencies

0.08%

Common Stocks

0.05%

Options Purchased - Calls

0.01%

Short-Term Investments

   Investment Companies

0.37%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

60.23%

Russia

5.04%

Brazil

4.13%

United Kingdom

2.84%

Argentina

2.57%

South Africa

2.07%

Netherlands

1.77%

Ukraine

1.28%

Kazakhstan

1.17%

Dominican Republic

1.05%

Ireland

0.98%

El Salvador

0.97%

Germany

0.96%

Canada

0.93%

France

0.87%

Colombia

0.81%

Italy

0.76%

Hungary

0.72%

Switzerland

0.68%

Indonesia

0.64%

Luxembourg

0.63%

Hong Kong

0.59%

Supranational

0.56%

India

0.55%

Croatia

0.52%

Spain

0.50%

China

0.50%

Peru

0.46%

Turkey

0.41%

Uruguay

0.36%

Chile

0.34%

Barbados

0.33%

Philippines

0.32%

Iceland

0.30%

Ghana

0.29%

Greece

0.26%

New Zealand

0.24%

Egypt

0.23%

Czech Republic

0.23%

Australia

0.21%

Poland

0.18%

Mexico

0.18%

Sweden

0.18%

Cote D'Ivoire

0.16%

Trinidad & Tobago

0.14%

Lithuania

0.11%

Panama

0.10%

Austria

0.10%

Norway

0.10%

Japan

0.09%

Denmark

0.08%

Serbia & Montenegro

0.07%

Jamaica

0.07%

Bermuda

0.06%

Singapore

0.04%

Cayman Islands

0.04%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

1.34%

AA

1.87%

A

5.98%

BBB

18.90%

BB

24.70%

B

35.14%

CCC

10.99%

CC

0.30%

C

0.07%

D

0.03%

Not Rated

0.68%

Total Investments

100.00%

Portfolio Statistics:

Percentage of Leverage:

   Bank Borrowing:

0.00%

   Investment Operations:

14.03%*

   Preferred Stock:

0.00%

   Tender Option Bonds:

0.00%

   Term Asset-Backed Loans Facility (TALF):

0.00%

   Total Fund Leverage:

14.03%

Average Maturity:

7.46 Years

Effective Duration:

5.02 Years

Total Net Assets:

$1,319.9 Million

Net Asset Value:

$15.50

Number of Holdings:

873

* 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.