AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

 AllianceBernstein Global High Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Jan. 27, 2014

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- AllianceBernstein Global High Income
Fund, Inc.[NYSE: AWF] (the "Fund") today released its monthly portfolio update
as of December 31, 2013. AllianceBernstein Global High Income Fund, Inc.

Top 10 Fixed Income Holdings
                                                        Portfolio %
1) Brazil Notas do Tesouro Nacional Series F 10.00%,    1.13%
1/01/17
2) Argentina Boden Bonds 7.00%, 10/03/15                1.09%
3) Russian Agricultural Bank OJSC Via RSHB Capital SA   1.02%
7.75%, 5/29/18
4) Ivory Coast Government International Bond 5.75%,     0.86%
12/31/32
5) Dominican Republic International Bond 8.625%,        0.71%
4/20/27
6) Argentina Bonar Bonds Series X 7.00%, 4/17/17        0.62%
7) U.S. Treasury Bonds 5.25%, 2/15/29                   0.54%
8) VTB Bank OJSC Via VTB Capital SA 6.875%, 5/29/18     0.54%
9) El Salvador Government International Bond 7.65%,     0.53%
6/15/35
10) Dominican Republic 16.00%, 7/10/20                  0.49%
Investment Type
                                                        Portfolio %
Corporates - Non-Investment Grades
Industrial
Consumer Non-Cyclical                                   8.77%
Energy                                                  7.04%
Communications - Media                                  5.93%
Capital Goods                                           5.57%
Technology                                              5.50%
Basic                                                   4.87%
Consumer Cyclical - Other                               2.84%
Communications - Telecommunications                     2.79%
Other Industrial                                        2.39%
Consumer Cyclical - Automotive                          2.29%
Services                                                2.22%
Consumer Cyclical - Retailers                           2.07%
Transportation - Services                               1.34%
Consumer Cyclical - Entertainment                       0.57%
Transportation - Airlines                               0.37%
Consumer Cyclical - Restaurants                         0.12%
SUBTOTAL                                                54.68%
Financial Institutions
Banking                                                 2.58%
Other Finance                                           1.75%
Finance                                                 1.33%
Insurance                                               1.08%
Brokerage                                               0.42%
REITS                                                   0.14%
SUBTOTAL                                                7.30%
Credit Default Swaps                                    4.39%
Utility
Electric                                                2.03%
Natural Gas                                             1.14%
SUBTOTAL                                                3.17%
SUBTOTAL                                                69.54%
Governments - Treasuries
Treasury Futures                                        35.27%
Treasuries                                              4.94%
SUBTOTAL                                                40.21%
Corporates - Investment Grades
Financial Institutions
Banking                                                 1.90%
Insurance                                               1.61%
REITS                                                   0.52%
Finance                                                 0.33%
Other Finance                                           0.21%
SUBTOTAL                                                4.57%
Industrial
Basic                                                   1.83%
Communications - Telecommunications                     0.30%
Communications - Media                                  0.27%
Capital Goods                                           0.25%
Other Industrial                                        0.16%
Consumer Non-Cyclical                                   0.11%
Consumer Cyclical - Automotive                          0.08%
Transportation - Airlines                               0.08%
Energy                                                  0.06%
Consumer Cyclical - Other                               0.02%
SUBTOTAL                                                3.16%
Credit Default Swaps                                    0.83%
Utility
Natural Gas                                             0.26%
Electric                                                0.06%
SUBTOTAL                                                0.32%
Non Corporate Sectors
Agencies - Not Government Guaranteed                    0.29%
SUBTOTAL                                                0.29%
SUBTOTAL                                                9.17%
Collateralized Mortgage Obligations
Non-Agency Fixed Rate                                   3.61%
Non-Agency Floating Rate                                2.95%
SUBTOTAL                                                6.56%
Bank Loans
Industrial
Consumer Non-Cyclical                                   0.70%
Consumer Cyclical - Automotive                          0.64%
Services                                                0.50%
Consumer Cyclical - Entertainment                       0.45%
Other Industrial                                        0.43%
Basic                                                   0.39%
Consumer Cyclical - Other                               0.36%
Consumer Cyclical - Retailers                           0.36%
Technology                                              0.30%
Capital Goods                                           0.21%
Communications - Media                                  0.18%
Energy                                                  0.08%
SUBTOTAL                                                4.60%
Non Corporate Sectors
Foreign Local Government - Municipal                    0.14%
SUBTOTAL                                                0.14%
Financial Institutions
Insurance                                               0.04%
SUBTOTAL                                                0.04%
SUBTOTAL                                                4.78%
Emerging Markets - Sovereigns                           4.36%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical                                   0.90%
Communications - Telecommunications                     0.72%
Capital Goods                                           0.55%
Basic                                                   0.41%
Consumer Cyclical - Retailers                           0.27%
Transportation - Airlines                               0.26%
Consumer Cyclical - Other                               0.25%
Energy                                                  0.14%
Communications - Media                                  0.12%
Transportation - Services                               0.10%
SUBTOTAL                                                3.72%
Financial Institutions
Banking                                                 0.23%
Finance                                                 0.21%
SUBTOTAL                                                0.44%
SUBTOTAL                                                4.16%
Preferred Stocks
Financial Institutions                                  2.20%
Industrial                                              0.02%
SUBTOTAL                                                2.22%
Quasi-Sovereigns
Quasi-Sovereign Bonds                                   1.74%
SUBTOTAL                                                1.74%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS                              0.95%
Non-Agency Floating Rate CMBS                           0.35%
SUBTOTAL                                                1.30%
Governments - Sovereign Agencies                        1.16%
Emerging Markets - Treasuries                           1.04%
Local Governments - Municipal Bonds                     0.98%
Governments - Sovereign Bonds                           0.89%
Asset-Backed Securities
Home Equity Loans - Fixed Rate                          0.65%
Home Equity Loans - Floating Rate                       0.14%
SUBTOTAL                                                0.79%
Whole Loan Trusts
Performing Asset                                        0.45%
SUBTOTAL                                                0.45%
Local Governments - Regional Bonds                      0.35%
Inflation-Linked Securities                             0.24%
Common Stocks
Common Stocks
Common Stocks                                           0.22%
SUBTOTAL                                                0.22%
SUBTOTAL                                                0.22%
Reverse Repurchase Agreements                           -10.59%
Interest Rate Swaps - SIFMA                             -36.48%
Net Cash Equivalents
Cash                                                    0.50%
Governments - Treasuries                                0.05%
Investment Companies                                    0.02%
SUBTOTAL                                                0.57%
Derivative Offsets
Swaps Offsets                                           31.80%
Futures Offsets                                         -35.46%
SUBTOTAL                                                -3.66%
                                                        100.00%
Country Breakdown
                                                        Portfolio %
United States                                           64.81%
United Kingdom                                          4.92%
Russia                                                  3.18%
Brazil                                                  3.04%
Luxembourg                                              1.67%
Argentina                                               1.62%
Netherlands                                             1.60%
Canada                                                  1.52%
Germany                                                 1.37%
Dominican Republic                                      1.32%
France                                                  1.04%
South Africa                                            0.99%
Mexico                                                  0.93%
Ireland                                                 0.87%
Switzerland                                             0.86%
Ivory Coast                                             0.78%
Italy                                                   0.65%
Bermuda                                                 0.60%
El Salvador                                             0.59%
Colombia                                                0.58%
United Arab Emirates                                    0.56%
Indonesia                                               0.54%
Peru                                                    0.44%
Spain                                                   0.43%
Kazakhstan                                              0.38%
Chile                                                   0.34%
Portugal                                                0.34%
Barbados                                                0.32%
Croatia                                                 0.30%
Australia                                               0.27%
Costa Rica                                              0.26%
Sweden                                                  0.25%
Philippines                                             0.24%
Norway                                                  0.23%
Nigeria                                                 0.22%
Uruguay                                                 0.22%
Singapore                                               0.21%
Serbia                                                  0.21%
India                                                   0.17%
China                                                   0.13%
Belgium                                                 0.13%
Japan                                                   0.13%
Ghana                                                   0.13%
Bahrain                                                 0.13%
Austria                                                 0.11%
Macau                                                   0.10%
Hong Kong                                               0.08%
Denmark                                                 0.08%
Virgin Islands (BVI)                                    0.06%
Jamaica                                                 0.05%
Total Investments                                       100.00%
Net Currency Exposure Breakdown
                                                        Portfolio %
United States Dollar                                    97.49%
Russian Rubles                                          0.80%
Dominican Peso                                          0.49%
Brazilian Real                                          0.28%
Costa Rican Colon                                       0.28%
Philippine Peso                                         0.27%
Uruguayan Peso                                          0.24%
Nigerian Naira                                          0.24%
Chilean Peso                                            0.22%
Hungarian Forint                                        0.19%
Colombian Peso                                          0.10%
Swiss Franc                                             0.04%
Great British Pound                                     0.03%
South African Rand                                      0.01%
Canadian Dollar                                         -0.01%
Australian Dollar                                       -0.01%
Indonesian Rupiah                                       -0.03%
Euro                                                    -0.15%
Peruvian Nuevo Sol                                      -0.48%
Total Net Assets                                        100.00%
Credit Rating
                                                        Portfolio %
AAA                                                     -7.98%
AA                                                      0.64%
A                                                       4.63%
BBB                                                     14.22%
BB                                                      27.70%
B                                                       36.99%
CCC                                                     16.24%
CC                                                      0.89%
D                                                       0.89%
Not Rated                                               2.80%
Short Term Investments                                  0.07%
N/A                                                     2.91%
Total Net Assets                                        100.00%
Bonds By Maturity
                                                        Portfolio %
Less than 1 year                                        3.24%
1 to 5 years                                            53.21%
5 to 10 years                                           30.07%
10 to 20 years                                          6.48%
20 to 30 years                                          4.93%
More than 30 years                                      1.85%
Other                                                   0.22%
Total Net Assets                                        100.00%
Portfolio Statistics:
Average Coupon:                                         8.22%
Average Bond Price :                                    103.27
Percentage of Leverage:
Bank Borrowing:                                         0.00%
Investment Operations:                                  16.60%*
Preferred Stock:                                        0.00%
Tender Option Bonds:                                    0.00%
Term Asset-Backed Loans Facility (TALF):                0.00%
Total Fund Leverage:                                    16.60%
Average Maturity:                                       7.01 Years
Effective Duration:                                     5.00 Years
Total Net Assets:                                       $1,283.75 Million
Net Asset Value:                                        $14.89
Number of Holdings:                                     1106
Portfolio Turnover:                                     38%
* 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.

Contact: Shareholder Contact: 1-800-221-5672