ALLIANCEBERNSTEIN INCOME FUND INC. NEW YORK, July 27, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of June 30, 2015.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Bonds 6.375%, 8/15/27 20.39%
2) U.S. Treasury Bonds 6.25%, 5/15/30 20.08%
3) U.S. Treasury Notes 3.625%, 2/15/21 18.01%
4) U.S. Treasury Bonds 6.50%, 11/15/26 14.33%
5) U.S. Treasury Notes 2.125%, 8/31/20 -
8/15/21 9.71%
6) U.S. Treasury Notes 3.125%, 5/15/21 5.66%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.26%
8) U.S. Treasury Bonds 8.75%, 8/15/20 2.97%
9) Residual Funding Corp. Principal Strip Zero
Coupon, 7/15/20 2.12%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.05%
Investment Type Portfolio %
Global Governments 105.64%
Corporates - Non-Investment Grade
Industrial
Energy 2.26%
Consumer Non-Cyclical 1.93%
Communications - Media 1.78%
Basic 1.00%
Communications - Telecommunications 0.79%
Capital Goods 0.67%
Consumer Cyclical - Retailers 0.57%
Consumer Cyclical - Other 0.45%
Technology 0.39%
Consumer Cyclical - Automotive 0.36%
Transportation - Services 0.35%
Services 0.21%
Other Industrial 0.19%
Consumer Cyclical - Entertainment 0.09%
SUBTOTAL 11.04%
Credit Default Swaps 2.10%
SUBTOTAL 2.10%
Financial Institutions
Banking 1.08%
Insurance 0.14%
Other Finance 0.12%
Finance 0.09%
REITS 0.06%
SUBTOTAL 1.49%
Utility
Electric 0.80%
SUBTOTAL 0.80%
SUBTOTAL 15.43%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate 2.37%
Non-Agency Fixed Rate 1.83%
Non-Agency Floating Rate 1.04%
Agency Fixed Rate 0.20%
SUBTOTAL 5.44%
Corporates - Investment Grade
Industrial
Basic 0.74%
Communications - Telecommunications 0.73%
Capital Goods 0.38%
Energy 0.37%
Consumer Non-Cyclical 0.32%
Transportation - Airlines 0.09%
SUBTOTAL 2.63%
Financial Institutions
Insurance 1.43%
Banking 0.52%
SUBTOTAL 1.95%
Credit Default Swaps 0.29%
SUBTOTAL 0.29%
Utility
Electric 0.20%
SUBTOTAL 0.20%
SUBTOTAL 5.07%
Agencies
Agency Debentures 3.90%
SUBTOTAL 3.90%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.11%
Non-Agency Floating Rate CMBS 0.23%
Credit Default Swaps 0.22%
SUBTOTAL 3.56%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.51%
Capital Goods 0.39%
Basic 0.25%
Consumer Cyclical - Retailers 0.24%
Communications - Telecommunications 0.22%
Transportation - Airlines 0.16%
SUBTOTAL 1.77%
SUBTOTAL 1.77%
Whole Loan Trusts
Performing Asset 1.22%
SUBTOTAL 1.22%
Quasi-Sovereigns
Quasi-Sovereign Bonds 1.19%
SUBTOTAL 1.19%
Common Stocks 1.18%
Local Governments - Municipal Bonds 0.86%
Bank Loans
Industrial
Consumer Cyclical - Retailers 0.24%
Consumer Non-Cyclical 0.14%
Energy 0.11%
Other Industrial 0.11%
Basic 0.09%
Communications - Media 0.08%
Consumer Cyclical - Other 0.06%
Technology 0.01%
SUBTOTAL 0.84%
SUBTOTAL 0.84%
Emerging Markets - Sovereigns 0.84%
Preferred Stocks
Financial Institutions 0.35%
Industrial 0.19%
SUBTOTAL 0.54%
Governments - Sovereign Agencies 0.33%
Investment Companies
Funds and Investment Trusts 0.15%
SUBTOTAL 0.15%
Asset-Backed Securities
Autos - Fixed Rate 0.12%
SUBTOTAL 0.12%
Currency Instruments
Forward Currency Exchange Contracts -0.10%
SUBTOTAL -0.10%
Interest Rate Swaps - SIFMA -38.38%
Interest Rate Futures -44.54%
Reverse Repurchase Agreements -54.29%
Net Cash Equivalents
Cash 6.66%
Investment Companies 2.45%
Foreign Government Bonds 0.23%
SUBTOTAL 9.34%
Derivative Offsets
Futures Offsets 44.66%
Swaps Offsets 35.23%
SUBTOTAL 79.89%
100.00%
Country Breakdown Portfolio %
United States 90.20%
Brazil 2.71%
Mexico 0.99%
Canada 0.97%
Bermuda 0.74%
Luxembourg 0.45%
United Kingdom 0.38%
Indonesia 0.31%
France 0.30%
Peru 0.29%
Germany 0.27%
India 0.27%
Switzerland 0.24%
Spain 0.23%
El Salvador 0.22%
Barbados 0.16%
Uruguay 0.15%
Venezuela 0.14%
Dominican Republic 0.13%
Italy 0.11%
Netherlands 0.10%
Ivory Coast 0.09%
Guatemala 0.08%
Belgium 0.07%
Jamaica 0.07%
Pakistan 0.07%
Zambia 0.06%
Sri Lanka 0.05%
Morocco 0.04%
South Africa 0.04%
Australia 0.03%
Sweden 0.02%
Norway 0.02%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 106.14%
Indonesian Rupiah 0.63%
Brazilian Real 0.38%
Uruguayan Peso 0.23%
Mexican Peso 0.01%
Norwegian Krone -0.02%
Great British Pound -0.03%
Euro -0.05%
Taiwan New Dollar -0.50%
New Turkish Lira -0.89%
New Zealand Dollar -0.93%
Australian Dollar -1.46%
Canadian Dollar -1.50%
South Korean Won -2.01%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 54.57%
A 1.41%
BBB 10.92%
BB 7.13%
B 7.59%
CCC 3.18%
CC 0.28%
C 0.04%
D 0.42%
Not Rated 4.72%
Short Term Investments 2.67%
N/A 7.07%
100.00%
Bonds By Maturity Portfolio %
Less than 1 year -43.73%
1 to 5 years 16.08%
5 to 10 years 58.11%
10 to 20 years 59.44%
20 to 30 years 7.66%
More than 30 years 1.26%
Other 1.18%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.69%
Average Bond Price : 118.50
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 46.94%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 46.94%
Average Maturity: 14.63 Years
Effective Duration: 4.80 Years
Total Net Assets: $1,796.70 Million
Net Asset Value: $8.33
Number of Holdings: 449
Portfolio Turnover: 32%
* 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.
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SOURCE AB Income Fund, Inc.
