ALLIANCEBERNSTEIN INCOME FUND INC. NEW YORK, Dec. 24, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of November 30, 2015.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Bonds 6.25%, 5/15/30 20.81%
2) U.S. Treasury Notes 3.625%, 2/15/21 18.42%
3) U.S. Treasury Bonds 6.375%, 8/15/27 18.03%
4) U.S. Treasury Bonds 6.50%, 11/15/26 14.72%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21 10.76%
6) U.S. Treasury Notes 3.125%, 5/15/21 7.81%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.47%
8) U.S. Treasury Bonds 8.75%, 8/15/20 2.98%
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 2.20%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.08%
Investment Type Portfolio %
Global Governments 107.21%
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 2.54%
Energy 2.37%
Communications - Media 1.84%
Communications - Telecommunications 0.91%
Basic 0.83%
Consumer Cyclical - Retailers 0.80%
Capital Goods 0.68%
Consumer Cyclical - Other 0.56%
Technology 0.44%
Consumer Cyclical - Automotive 0.35%
Transportation - Services 0.28%
Services 0.22%
Other Industrial 0.19%
Consumer Cyclical - Entertainment 0.10%
SUBTOTAL 12.11%
Credit Default Swaps 2.04%
SUBTOTAL 2.04%
Financial Institutions
Banking 1.36%
Other Finance 0.14%
Finance 0.08%
REITS 0.06%
SUBTOTAL 1.64%
Utility
Electric 0.74%
SUBTOTAL 0.74%
SUBTOTAL 16.53%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate 3.73%
Non-Agency Fixed Rate 1.67%
Non-Agency Floating Rate 0.75%
Agency Fixed Rate 0.17%
SUBTOTAL 6.32%
Corporates - Investment Grade
Industrial
Communications - Telecommunications 0.74%
Energy 0.69%
Basic 0.50%
Consumer Non-Cyclical 0.33%
Capital Goods 0.31%
Technology 0.20%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.08%
SUBTOTAL 2.99%
Financial Institutions
Insurance 1.46%
Banking 0.55%
SUBTOTAL 2.01%
Utility
Electric 0.21%
SUBTOTAL 0.21%
Credit Default Swaps 0.08%
SUBTOTAL 0.08%
SUBTOTAL 5.29%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.58%
Credit Default Swaps 0.73%
Non-Agency Floating Rate CMBS 0.24%
SUBTOTAL 4.55%
Agencies
Agency Debentures 4.05%
SUBTOTAL 4.05%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns 1.29%
Credit Default Swaps 0.43%
SUBTOTAL 1.72%
Whole Loan Trusts
Performing Asset 1.54%
SUBTOTAL 1.54%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.45%
Capital Goods 0.38%
Basic 0.21%
Communications - Telecommunications 0.19%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.14%
SUBTOTAL 1.51%
SUBTOTAL 1.51%
Common Stocks 1.28%
Quasi-Sovereigns
Quasi-Sovereign Bonds 1.18%
SUBTOTAL 1.18%
Local Governments - Municipal Bonds 0.94%
Preferred Stocks
Financial Institutions 0.52%
Industrial 0.21%
SUBTOTAL 0.73%
Governments - Sovereign Agencies 0.48%
Bank Loans
Industrial
Basic 0.11%
Communications - Media 0.09%
Other Industrial 0.04%
Technology 0.01%
SUBTOTAL 0.25%
SUBTOTAL 0.25%
Asset-Backed Securities
Autos - Fixed Rate 0.12%
Industrial 0.10%
SUBTOTAL 0.22%
Investment Companies
Funds and Investment Trusts 0.06%
SUBTOTAL 0.06%
Interest Rate Swaps -30.86%
Interest Rate Futures -46.78%
Reverse Repurchase Agreements -53.32%
Net Cash Equivalents
Investment Companies 2.65%
Cash -0.84%
SUBTOTAL 1.81%
Derivative Offsets
Futures Offsets 46.63%
Swaps Offsets 28.66%
SUBTOTAL 75.29%
100.00%
Country Breakdown Portfolio %
United States 90.94%
Brazil 2.16%
Mexico 1.04%
Canada 0.87%
Bermuda 0.77%
United Kingdom 0.45%
Luxembourg 0.38%
France 0.37%
Switzerland 0.30%
Indonesia 0.29%
Germany 0.26%
India 0.24%
Spain 0.23%
El Salvador 0.20%
Venezuela 0.16%
Barbados 0.15%
Jamaica 0.14%
Italy 0.11%
Dominican Republic 0.10%
Kenya 0.10%
Netherlands 0.10%
Angola 0.10%
Ivory Coast 0.08%
Guatemala 0.06%
Pakistan 0.06%
Sri Lanka 0.05%
Ghana 0.05%
Zambia 0.05%
South Africa 0.04%
Morocco 0.04%
Australia 0.03%
Norway 0.03%
Sweden 0.02%
Belgium 0.02%
Peru 0.01%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 101.55%
Japanese Yen 3.51%
Indian Rupee 1.00%
New Zealand Dollar 0.06%
Mexican Peso 0.02%
Norwegian Krone -0.02%
Australian Dollar -0.04%
Brazilian Real -0.07%
Canadian Dollar -0.51%
Taiwan New Dollar -1.01%
Great British Pound -1.05%
Singapore Dollar -1.51%
Euro -1.93%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 57.15%
A 1.59%
BBB 11.14%
BB 8.45%
B 7.63%
CCC 3.14%
CC 0.31%
C 0.01%
D 0.37%
Not Rated 5.97%
Short Term Investments 2.65%
N/A 1.59%
100.00%
Bonds By Maturity Portfolio %
Less than 1 year -49.31%
1 to 5 years 28.17%
5 to 10 years 51.99%
10 to 20 years 59.40%
20 to 30 years 7.73%
More than 30 years 0.74%
Other 1.28%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.67%
Average Bond Price : 117.11
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 39.95%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 39.95%
Average Maturity: 14.16 Years
Effective Duration: 5.26 Years
Total Net Assets: $1,750.32 Million
Net Asset Value: $8.11
Number of Holdings: 466
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.
