ALLIANCEBERNSTEIN INCOME FUND INC.
NEW YORK, Oct. 26, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of September 30, 2015.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Bonds 6.375%, 8/15/27 21.17%
2) U.S. Treasury Bonds 6.25%, 5/15/30 21.00%
3) U.S. Treasury Notes 3.625%, 2/15/21 18.50%
4) U.S. Treasury Bonds 6.50%, 11/15/26 14.83%
5) U.S. Treasury Notes 2.125%, 8/31/20 8.77%
6) U.S. Treasury Notes 3.125%, 5/15/21 5.82%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.52%
8) U.S. Treasury Bonds 8.75%, 8/15/20 3.01%
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 2.19%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.09%
Investment Type Portfolio %
Global Governments 106.76%
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 2.03%
Energy 1.92%
Communications - Media 1.72%
Communications - Telecommunications 0.76%
Basic 0.74%
Capital Goods 0.65%
Consumer Cyclical - Retailers 0.63%
Consumer Cyclical - Other 0.45%
Technology 0.42%
Consumer Cyclical - Automotive 0.35%
Transportation - Services 0.34%
Services 0.21%
Other Industrial 0.19%
Consumer Cyclical - Entertainment 0.09%
SUBTOTAL 10.50%
Credit Default Swaps 2.00%
SUBTOTAL 2.00%
Financial Institutions
Banking 1.29%
Other Finance 0.12%
Finance 0.09%
REITS 0.06%
SUBTOTAL 1.56%
Utility
Electric 0.78%
SUBTOTAL 0.78%
SUBTOTAL 14.84%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate 3.55%
Non-Agency Fixed Rate 1.70%
Non-Agency Floating Rate 0.65%
Agency Fixed Rate 0.15%
SUBTOTAL 6.05%
Corporates - Investment Grade
Industrial
Communications - Telecommunications 0.70%
Basic 0.63%
Energy 0.43%
Consumer Non-Cyclical 0.33%
Capital Goods 0.27%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.08%
SUBTOTAL 2.58%
Financial Institutions
Insurance 1.46%
Banking 0.53%
SUBTOTAL 1.99%
Utility
Electric 0.21%
SUBTOTAL 0.21%
Credit Default Swaps 0.08%
SUBTOTAL 0.08%
SUBTOTAL 4.86%
Agencies
Agency Debentures 4.03%
SUBTOTAL 4.03%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.10%
Non-Agency Floating Rate CMBS 0.23%
Credit Default Swaps 0.22%
SUBTOTAL 3.55%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.47%
Capital Goods 0.37%
Communications - Telecommunications 0.21%
Basic 0.20%
Transportation - Airlines 0.14%
Consumer Cyclical - Retailers 0.13%
SUBTOTAL 1.52%
SUBTOTAL 1.52%
Whole Loan Trusts
Performing Asset 1.39%
SUBTOTAL 1.39%
Common Stocks 1.23%
Quasi-Sovereigns
Quasi-Sovereign Bonds 1.09%
SUBTOTAL 1.09%
Local Governments - Municipal Bonds 0.90%
Emerging Markets - Sovereigns 0.88%
Preferred Stocks
Financial Institutions 0.51%
Industrial 0.20%
SUBTOTAL 0.71%
Bank Loans
Industrial
Basic 0.12%
Consumer Non-Cyclical 0.11%
Energy 0.10%
Communications - Media 0.08%
Other Industrial 0.05%
Technology 0.01%
SUBTOTAL 0.47%
SUBTOTAL 0.47%
Governments - Sovereign Agencies 0.45%
Currency Instruments
Forward Currency Exchange Contracts 0.29%
SUBTOTAL 0.29%
Investment Companies
Funds and Investment Trusts 0.16%
SUBTOTAL 0.16%
Asset-Backed Securities
Autos - Fixed Rate 0.12%
SUBTOTAL 0.12%
Put Options Written -0.01%
Interest Rate Swaps - SIFMA -35.61%
Interest Rate Futures -47.91%
Reverse Repurchase Agreements -52.53%
Net Cash Equivalents
Investment Companies 3.14%
Cash 1.56%
Foreign Currency -0.01%
SUBTOTAL 4.69%
Derivative Offsets
Futures Offsets 47.62%
Swaps Offsets 34.45%
SUBTOTAL 82.07%
100.00%
Country Breakdown Portfolio %
United States 91.13%
Brazil 2.11%
Mexico 1.04%
Canada 0.89%
Bermuda 0.77%
France 0.45%
United Kingdom 0.41%
Luxembourg 0.40%
Switzerland 0.30%
Indonesia 0.29%
Germany 0.26%
India 0.24%
Spain 0.22%
El Salvador 0.20%
Barbados 0.15%
Jamaica 0.14%
Venezuela 0.13%
Dominican Republic 0.11%
Italy 0.11%
Netherlands 0.10%
Guatemala 0.08%
Ivory Coast 0.08%
Belgium 0.07%
Pakistan 0.07%
Zambia 0.05%
Sri Lanka 0.05%
South Africa 0.04%
Morocco 0.04%
Australia 0.03%
Sweden 0.02%
Peru 0.01%
Norway 0.01%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 101.37%
Japanese Yen 3.02%
New Zealand Dollar 0.05%
Mexican Peso 0.02%
Indonesian Rupiah 0.01%
Malaysian Ringgit 0.01%
Australian Dollar 0.01%
Great British Pound -0.02%
Norwegian Krone -0.03%
Brazilian Real -0.09%
Taiwan New Dollar -0.48%
Euro -1.87%
Singapore Dollar -2.00%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 58.11%
A 1.58%
BBB 10.22%
BB 7.02%
B 7.17%
CCC 2.92%
CC 0.33%
D 0.38%
Not Rated 5.14%
Short Term Investments 3.14%
N/A 3.99%
100.00%
Bonds By Maturity Portfolio %
Less than 1 year -45.60%
1 to 5 years 28.52%
5 to 10 years 45.55%
10 to 20 years 61.93%
20 to 30 years 7.42%
More than 30 years 0.95%
Other 1.23%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.56%
Average Bond Price : 120.18
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 38.24%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 58.91%
Average Maturity: 14.46 Years
Effective Duration: 4.91 Years
Total Net Assets: $1,769.06 Million
Net Asset Value: $8.20
Number of Holdings: 445
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.
