AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, June 29 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of May 31, 2010.

    
    
                        AllianceBernstein Global High Income Fund
                                    As of: 5/31/2010
    
     Top 10 Fixed-Income Holdings
    
                                                            Portfolio %
        1)Republic of Brazil 12.50%, 1/05/16 - 1/05/22         2.14%
        2)Republic of Colombia 7.375%, 1/27/17 - 9/18/37       1.25%
        3)Argentina Bonos 7.00%, 10/03/15                      1.21%
        4)Republic of Philippines 9.875%, 1/15/19              1.15%
        5)RSHB Capital SA for OJSC Russian                     1.12%
          Agricultural Bank 7.75%, 5/29/18
        6)Citibank Omni Master Trust Series 2009-A14A,         1.04%
          Class A14 3.087%, 8/15/18
        7)Republic of Indonesia 6.875%, 1/17/18                0.98%
        8)Republic of Colombia 12.00%, 10/22/15                0.94%
        9)Gaz Capital SA 6.51%, 3/07/22                        0.91%
       10)Republic of Indonesia 6.625%, 2/17/37                0.79%
    
    
    
     Security Type Breakdown
                                                            Portfolio %
    Corporates - Non-Investment Grades:
            Industrial:
              Basic                                            5.59%
              Consumer Non-Cyclical                            4.36%
              Consumer Cyclical - Other                        4.00%
              Capital Goods                                    3.76%
              Communications - Media                           3.75%
              Energy                                           2.87%
              Communications - Telecommunications              2.29%
              Consumer Cyclical - Retailers                    2.16%
              Technology                                       2.03%
              Consumer Cyclical - Automotive                   1.69%
              Services                                         1.30%
              Transportation - Services                        0.70%
              Transportation - Airlines                        0.58%
              Other Industrial                                 0.56%
              Consumer Cyclical - Restaurants                  0.22%
              Consumer Cyclical - Entertainment                0.15%
              Transportation - Railroads                       0.12%
            SUBTOTAL                                          36.13%
            Financial Institutions:
              Banking                                          1.70%
              Finance                                          1.16%
              Insurance                                        0.90%
              Brokerage                                        0.34%
              Other Finance                                    0.30%
            SUBTOTAL                                           4.40%
            Utility:
              Electric                                         2.13%
              Natural Gas                                      0.57%
            SUBTOTAL                                           2.70%
            Credit Default Index Holdings:
              DJ CDX.NA.HY-100                                 0.49%
            SUBTOTAL                                           0.49%
         SUBTOTAL                                             43.72%
         Emerging Markets - Sovereigns                        14.77%
         Corporates - Investment Grades:
            Financial Institutions:
              Banking                                          1.26%
              Insurance                                        1.13%
              Finance                                          0.36%
              Other Finance                                    0.26%
              REITS                                            0.13%
            SUBTOTAL                                           3.14%
            Industrial:
              Basic                                            1.01%
              Energy                                           0.50%
              Other Industrial                                 0.34%
              Capital Goods                                    0.28%
              Communications - Telecommunications              0.23%
              Consumer Non-Cyclical                            0.18%
              Technology                                       0.18%
              Services                                         0.16%
              Consumer Cyclical - Retailers                    0.12%
              Transportation - Airlines                        0.08%
            SUBTOTAL                                           3.08%
            Non Corporate Sectors:
              Agencies - Not Government Guaranteed             2.22%
            SUBTOTAL                                           2.22%
            Utility:
              Electric                                         0.14%
            SUBTOTAL                                           0.14%
         SUBTOTAL                                              8.58%
         Commercial Mortgage-Backed Securities:
            Non-Agency Fixed Rate CMBS                         6.78%
         Quasi-Sovereigns:
            Quasi-Sovereign Bonds                              5.22%
         Governments - Sovereign Bonds                         4.34%
         Governments - Treasuries:
            Treasuries                                         4.11%
         Emerging Markets - Corporate Bonds:
            Industrial:
              Basic                                            0.48%
              Communications - Media                           0.34%
              Energy                                           0.28%
              Consumer Cyclical - Retailers                    0.17%
              Other Industrial                                 0.13%
              Consumer Non-Cyclical                            0.09%
            SUBTOTAL                                           1.49%
            Financial Institutions:
              Banking                                          0.64%
              Other Finance                                    0.24%
            SUBTOTAL                                           0.88%
         SUBTOTAL                                              2.37%
         Bank Loans:
            Industrial:
              Communications - Media                           0.47%
              Capital Goods                                    0.33%
              Consumer Cyclical - Automotive                   0.22%
              Services                                         0.19%
              Basic                                            0.16%
              Consumer Cyclical - Other                        0.13%
              Consumer Cyclical - Retailers                    0.11%
              Technology                                       0.10%
              Energy                                           0.06%
              Consumer Non-Cyclical                            0.03%
              Other Industrial                                 0.02%
            SUBTOTAL                                           1.82%
            Financial Institutions:
              Finance                                          0.19%
              REITS                                            0.11%
            SUBTOTAL                                           0.30%
            Utility:
              Electric                                         0.19%
            SUBTOTAL                                           0.19%
         SUBTOTAL                                              2.31%
         Asset-Backed Securities:
            Credit Cards - Floating Rate                       1.03%
            Home Equity Loans - Fixed Rate                     0.81%
            Home Equity Loans - Floating Rate                  0.10%
         SUBTOTAL                                              1.94%
         CMOs:
            Non-Agency Fixed Rate                              1.05%
            Non-Agency Floating Rate                           0.47%
            Non-Agency ARMS                                    0.34%
         SUBTOTAL                                              1.86%
         Emerging Markets - Treasuries                         1.42%
         Supranationals                                        0.57%
         Equities:
            Common Stock                                       0.43%
         SUBTOTAL                                              0.43%
         Inflation-Linked Securities                           0.35%
         Local Governments - Regional Bonds                    0.34%
         Preferred Stocks:
            Financial Institutions                             0.19%
            Non Corporate Sectors                              0.01%
         SUBTOTAL                                              0.20%
         Local Governments - Municipal Bonds                   0.15%
         Governments - Sovereign Agencies                      0.10%
         Short-Term Investments:
            Investment Companies                               0.44%
         Total                                               100.00%
    
    
    
                Country Breakdown
                                                            Portfolio %
    United States                                             53.09%
                Russia                                         6.47%
                Brazil                                         5.67%
                Indonesia                                      3.59%
                Colombia                                       2.96%
                Kazakhstan                                     2.10%
                United Kingdom                                 1.79%
                Argentina                                      1.77%
                Ukraine                                        1.68%
                Philippines                                    1.68%
                Venezuela                                      1.47%
                South Africa                                   1.35%
                Uruguay                                        1.33%
                Turkey                                         1.30%
                Peru                                           1.28%
                Canada                                         1.09%
                El Salvador                                    1.08%
                Dominican Republic                             1.00%
                Panama                                         0.98%
                Netherlands                                    0.94%
                Hungary                                        0.90%
                Ireland                                        0.73%
                Supranational                                  0.57%
                Germany                                        0.46%
                Lithuania                                      0.43%
                Egypt                                          0.39%
                India                                          0.34%
                Hong Kong                                      0.34%
                Barbados                                       0.34%
                Ghana                                          0.31%
                Iceland                                        0.28%
                Croatia                                        0.27%
                China                                          0.25%
                Luxembourg                                     0.24%
                Czech Republic                                 0.21%
                Gabon                                          0.21%
                France                                         0.16%
                Italy                                          0.14%
                Trinidad And Tobago                            0.14%
                Serbia & Montenegro                            0.12%
                Norway                                         0.11%
                Australia                                      0.10%
                Poland                                         0.09%
                Japan                                          0.08%
                Switzerland                                    0.08%
                Jamaica                                        0.04%
                Denmark                                        0.04%
                Belgium                                        0.01%
                Total                                        100.00%
    
    
                 Credit Quality Breakdown
                                                            Portfolio %
                    AAA                                        6.91%
                    AA                                         1.05%
                    A                                          3.56%
                    BBB                                       22.44%
                    BB                                        27.31%
                    B                                         26.93%
                    CCC                                       10.68%
                    CC                                         0.22%
                    C                                          0.02%
                    D                                          0.43%
                    A-1+                                       0.45%
                    Total Investments                        100.00%
    
    
         Portfolio Statistics:
              Percentage of Leverage:
                Bank Borrowing:               0.00%
                Investment Operations:        16.30%*
                Preferred Stock:              0.00%
                Tender Option Bonds:          0.00%
                Term Asset-Backed Loans
                   Facility (TALF):           .98%
              Total:                          17.28%
    
    
          Avg. Maturity:                      8.71 Years
              Effective Duration:             5.66 Years
              Total Net Assets:               $1,188.9 Million
              Net Asset Value:                $13.96
              Number of Holdings:             706
    

* 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.