AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

Jan 26, 2010, 16:48 ET from AllianceBernstein Global High Income Fund, Inc.

NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) (the "Fund") today released its monthly portfolio update as of December 31, 2009.



                    AllianceBernstein Global High Income Fund
                               As of: 12/31/2009


     Top 10 Fixed-Income Holdings

                                                           Portfolio %
        1)Argentina Bonos 7.00%, 10/03/15                        3.68%
        2)Republic of Brazil 12.50%, 1/05/16 - 1/05/22           2.74%
        3)RSHB Capital SA for OJSC Russian                       1.52%
          Agricultural Bank 7.75%, 5/29/18
        4)Turkey Government Bond 16.00%, 3/07/12                 1.38%
        5)Republic of Colombia 7.375%, 1/27/17 -                 1.31%
          9/18/37
        6)Republic of Philippines 9.875%, 1/15/19                1.21%
        7)Citigroup/Deutsche Bank Commercial Mortgage            1.18%
          Trust Series 2006-CD2, Class A2 5.408%,
          1/15/46
        8)GS Mortgage Securities Corp. II Series                 1.14%
          2006-GG6, Class A2 5.506%, 4/10/38
        9)Greenwich Capital Commercial Funding Corp.             1.13%
          Series 2005-GG5, Class A2 5.117%, 4/10/37
       10)RSHB Capital SA for OJSC Russian                       1.07%
          Agricultural Bank 6.299%, 5/15/17


    Security Type Breakdown

                                                          Portfolio %
    Corporates - Non-Investment Grades:
      Industrial:
              Basic                                             4.69%
              Consumer Non-Cyclical                             3.71%
              Consumer Cyclical - Other                         3.43%
              Communications - Media                            2.79%
              Capital Goods                                     2.70%
              Energy                                            2.14%
              Technology                                        2.10%
              Communications - Telecommunications               2.04%
              Consumer Cyclical - Retailers                     1.67%
              Consumer Cyclical - Automotive                    1.19%
              Services                                          1.07%
              Transportation - Services                         0.58%
              Other Industrial                                  0.52%
              Transportation - Airlines                         0.20%
              Consumer Cyclical - Restaurants                   0.14%
              Transportation - Railroads                        0.13%
              Consumer Cyclical - Entertainment                 0.09%
            SUBTOTAL                                           29.19%
            Financial Institutions:
              Banking                                           1.64%
              Finance                                           0.78%
              Insurance                                         0.69%
              Other Finance                                     0.27%
              REITS                                             0.20%
              Brokerage                                         0.14%
            SUBTOTAL                                            3.72%
            Utility:
              Electric                                          2.00%
              Natural Gas                                       0.49%
            SUBTOTAL                                            2.49%
            Credit Default Index Holdings:
              DJ CDX.NA.HY-100                                  0.90%
            SUBTOTAL                                            0.90%
         SUBTOTAL                                              36.30%
         Emerging Markets - Sovereigns:
            (none):
              Sovereign                                        18.99%
            SUBTOTAL                                           18.99%
         Corporates - Investment Grades:
            Financial Institutions:
              Banking                                           2.19%
              Insurance                                         0.87%
              Finance                                           0.37%
              Other Finance                                     0.27%
            SUBTOTAL                                            3.70%
            Industrial:
              Basic                                             1.36%
              Energy                                            0.59%
              Communications - Telecommunications               0.41%
              Capital Goods                                     0.29%
              Other Industrial                                  0.25%
              Consumer Non-Cyclical                             0.18%
              Technology                                        0.09%
              Consumer Cyclical - Retailers                     0.02%
            SUBTOTAL                                            3.19%
            Non Corporate Sectors:
              Agencies - Not Government Guaranteed              2.58%
            SUBTOTAL                                            2.58%
            Utility:
              Electric                                          0.31%
            SUBTOTAL                                            0.31%
         SUBTOTAL                                               9.78%
         Commercial Mortgage-Backed Securities:
            Non-Agency Fixed Rate CMBS                          8.41%
         Quasi-Sovereigns:
            Quasi-Sovereign Bonds                               5.82%
         Governments - Sovereign Bonds                          4.54%
         Governments - Treasuries:
            Treasuries                                          4.40%
         Emerging Markets - Treasuries:
            (none):
              Sovereign                                         2.55%
            SUBTOTAL                                            2.55%
         Bank Loans:
            Industrial:
              Communications - Media                            0.41%
              Capital Goods                                     0.35%
              Consumer Non-Cyclical                             0.19%
              Services                                          0.17%
              Technology                                        0.16%
              Consumer Cyclical - Other                         0.14%
              Basic                                             0.11%
              Energy                                            0.07%
              Consumer Cyclical - Retailers                     0.06%
              Other Industrial                                  0.02%
              Consumer Cyclical - Automotive                    0.01%
            SUBTOTAL                                            1.69%
            Financial Institutions:
              Finance                                           0.26%
              Insurance                                         0.03%
            SUBTOTAL                                            0.29%
            Utility:
              Electric                                          0.21%
            SUBTOTAL                                            0.21%
         SUBTOTAL                                               2.19%
         Emerging Markets - Corporate Bonds:
            Industrial:
              Basic                                             0.35%
              Communications - Media                            0.23%
              Consumer Cyclical - Retailers                     0.17%
              Energy                                            0.15%
              Consumer Non-Cyclical                             0.11%
            SUBTOTAL                                            1.01%
            Financial Institutions:
              Banking                                           0.72%
              Other Finance                                     0.24%
            SUBTOTAL                                            0.96%
         SUBTOTAL                                               1.97%
         Asset-Backed Securities:
            Credit Cards - Floating Rate                        1.05%
            Home Equity Loans - Floating Rate                   0.24%
         SUBTOTAL                                               1.29%
         Equities:
            Common Stock                                        0.32%
            Warrants                                            0.09%
         SUBTOTAL                                               0.41%
         CMOs:
            Non-Agency ARMS                                     0.37%
         Governments - Sovereign Agencies                       0.35%
         Local Governments - Regional Bonds                     0.32%
         Inflation-Linked Securities                            0.31%
         Supranationals                                         0.07%
         Preferred Stocks:
            Financial Institutions                              0.06%
            Non Corporate Sectors                               0.01%
         SUBTOTAL                                               0.07%
         Short-Term Investments:
            Investment Companies                                1.86%
         Total                                                100.00%

                Country Breakdown
                                                          Portfolio %
                United States                                  46.97%
                Russia                                          9.34%
                Brazil                                          6.82%
                Argentina                                       4.21%
                Indonesia                                       3.72%
                Colombia                                        2.99%
                Turkey                                          2.59%
                Venezuela                                       1.86%
                Philippines                                     1.81%
                Kazakhstan                                      1.69%
                United Kingdom                                  1.39%
                Uruguay                                         1.36%
                Ukraine                                         1.32%
                Peru                                            1.31%
                El Salvador                                     1.12%
                Dominican Republic                              1.07%
                Panama                                          1.01%
                Canada                                          1.00%
                Hungary                                         0.90%
                South Africa                                    0.68%
                France                                          0.64%
                Hong Kong                                       0.60%
                Netherlands                                     0.46%
                Germany                                         0.44%
                Egypt                                           0.40%
                India                                           0.36%
                Iceland                                         0.34%
                Lithuania                                       0.33%
                Croatia                                         0.29%
                Ireland                                         0.28%
                Barbados                                        0.23%
                Bermuda                                         0.22%
                Gabon                                           0.22%
                Japan                                           0.22%
                Norway                                          0.21%
                Ghana                                           0.19%
                Poland                                          0.17%
                Serbia & Montenegro                             0.16%
                Trinidad And Tobago                             0.15%
                Luxembourg                                      0.15%
                Singapore                                       0.14%
                Cayman Islands                                  0.14%
                Czech Republic                                  0.12%
                Australia                                       0.11%
                Nigeria                                         0.09%
                Italy                                           0.08%
                Supranational                                   0.07%
                Costa Rica                                      0.02%
                Belgium                                         0.01%
                Total                                         100.00%


    Credit Quality Breakdown
                                                          Portfolio %
                    AAA                                         9.53%
                    AA                                          0.62%
                    A                                           2.60%
                    BBB                                        24.85%
                    BB                                         28.14%
                    B                                          22.37%
                    CCC                                         8.95%
                    CC                                          0.54%
                    C                                           0.07%
                    D                                           0.46%
                    A-1+                                        1.87%
                    Total Investments                         100.00%

         Portfolio Statistics:
              Percentage of Leverage:
                Bank Borrowing:               0.00%
                Investment Operations:        8.61%*
                Preferred Stock:              0.00%
                Term Asset-Backed Loans
                   Facility (TALF):           3.55%

              Total:                          12.16%

    Avg. Maturity:                            8.31 Years
              Effective Duration:             5.11 Years
              Total Net Assets:               $1,183.7 Million
              Net Asset Value:                $13.90
              Number of Holdings:             631

* 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.