ALLIANCEBERNSTEIN INCOME FUND INC. NEW YORK, Jan. 26, 2016 /PRNewswire/ -- AB Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of December 31, 2015.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Notes 3.625%, 2/15/21 18.91%
2) U.S. Treasury Bonds 6.25%, 5/15/30 18.56%
3) U.S. Treasury Bonds 6.375%, 8/15/27 18.49%
4) U.S. Treasury Bonds 6.50%, 11/15/26 15.10%
5) U.S. Treasury Notes 2.125%, 8/31/20 -
9/30/21 11.05%
6) U.S. Treasury Notes 3.125%, 5/15/21 5.96%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.60%
8) U.S. Treasury Bonds 8.75%, 8/15/20 3.05%
9) Residual Funding Corp. Principal Strip Zero
Coupon, 7/15/20 2.26%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.13%
Investment Type Portfolio %
Global Governments 107.14%
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical 2.60%
Energy 2.19%
Communications - Media 1.89%
Communications - Telecommunications 0.91%
Basic 0.74%
Consumer Cyclical - Retailers 0.72%
Capital Goods 0.66%
Consumer Cyclical - Other 0.65%
Consumer Cyclical - Automotive 0.38%
Technology 0.35%
Transportation - Services 0.28%
Services 0.23%
Other Industrial 0.19%
Consumer Cyclical - Entertainment 0.15%
SUBTOTAL 11.94%
Credit Default Swaps 2.08%
SUBTOTAL 2.08%
Financial Institutions
Banking 1.39%
Other Finance 0.16%
Finance 0.08%
REITS 0.06%
SUBTOTAL 1.69%
Utility
Electric 0.71%
SUBTOTAL 0.71%
SUBTOTAL 16.42%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate 3.87%
Non-Agency Fixed Rate 1.69%
Agency Fixed Rate 0.20%
Non-Agency Floating Rate 0.18%
SUBTOTAL 5.94%
Corporates - Investment Grade
Industrial
Energy 0.92%
Communications - Telecommunications 0.75%
Basic 0.48%
Capital Goods 0.34%
Consumer Non-Cyclical 0.34%
Consumer Cyclical - Retailers 0.15%
Transportation - Airlines 0.09%
SUBTOTAL 3.07%
Financial Institutions
Insurance 1.50%
Banking 0.49%
SUBTOTAL 1.99%
Utility
Electric 0.21%
SUBTOTAL 0.21%
Credit Default Swaps 0.08%
SUBTOTAL 0.08%
SUBTOTAL 5.35%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.58%
Credit Default Swaps 1.31%
Non-Agency Floating Rate CMBS 0.24%
SUBTOTAL 5.13%
Agencies
Agency Debentures 4.16%
SUBTOTAL 4.16%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns 1.28%
Credit Default Swaps 0.44%
SUBTOTAL 1.72%
Whole Loan Trusts
Performing Asset 1.57%
SUBTOTAL 1.57%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.43%
Capital Goods 0.38%
Communications - Telecommunications 0.19%
Basic 0.18%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.13%
SUBTOTAL 1.45%
SUBTOTAL 1.45%
Common Stocks 1.33%
Quasi-Sovereigns
Quasi-Sovereign Bonds 1.13%
SUBTOTAL 1.13%
Preferred Stocks
Financial Institutions 0.54%
Industrial 0.21%
SUBTOTAL 0.75%
Governments - Sovereign Agencies 0.48%
Local Governments - Municipal Bonds 0.39%
Currency Instruments
Forward Currency Exchange Contracts 0.31%
SUBTOTAL 0.31%
Bank Loans
Industrial
Basic 0.10%
Communications - Media 0.09%
Other Industrial 0.05%
Technology 0.01%
SUBTOTAL 0.25%
SUBTOTAL 0.25%
Asset-Backed Securities
Autos - Fixed Rate 0.13%
Other ABS - Fixed Rate 0.10%
SUBTOTAL 0.23%
Investment Companies
Funds and Investment Trusts 0.06%
SUBTOTAL 0.06%
Interest Rate Swaps -31.86%
Interest Rate Futures -46.01%
Reverse Repurchase Agreements -55.17%
Net Cash Equivalents
Investment Companies 4.62%
Cash -0.47%
SUBTOTAL 4.15%
Derivative Offsets
Futures Offsets 46.08%
Swaps Offsets 29.00%
SUBTOTAL 75.08%
100.00%
Country Breakdown Portfolio %
United States 91.05%
Brazil 2.09%
Mexico 1.01%
Canada 0.89%
Bermuda 0.80%
United Kingdom 0.41%
Luxembourg 0.39%
France 0.38%
Switzerland 0.30%
Indonesia 0.29%
Germany 0.26%
Spain 0.23%
India 0.23%
El Salvador 0.19%
Barbados 0.15%
Venezuela 0.14%
Jamaica 0.13%
Italy 0.11%
Netherlands 0.10%
Kenya 0.10%
Dominican Republic 0.10%
Angola 0.09%
Ivory Coast 0.08%
Pakistan 0.07%
Guatemala 0.06%
Ghana 0.06%
Sri Lanka 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 105.57%
Japanese Yen 3.71%
Chinese Yuan Renminbi 1.01%
New Zealand Dollar 0.02%
Mexican Peso 0.01%
Norwegian Krone -0.02%
Australian Dollar -0.03%
Brazilian Real -0.08%
Canadian Dollar -0.51%
Great British Pound -0.98%
Singapore Dollar -1.55%
Taiwan New Dollar -3.04%
Euro -4.11%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 55.81%
AA 0.07%
A 1.62%
BBB 10.89%
BB 8.49%
B 7.15%
CCC 2.35%
CC 0.27%
C 0.06%
D 0.41%
Not Rated 6.22%
Short Term Investments 4.62%
N/A 2.04%
100.00%
Bonds By Maturity Portfolio %
Less than 1 year -48.53%
1 to 5 years 28.61%
5 to 10 years 52.28%
10 to 20 years 57.77%
20 to 30 years 7.72%
More than 30 years 0.82%
Other 1.33%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.56%
Average Bond Price : 115.63
Percentage of Leverage (based on Gross Assets):
Bank Borrowing: 0.00%
Investment Operations: 38.94%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 38.94%
Average Maturity: 13.80 Years
Effective Duration: 5.30 Years
Total Net Assets: $1,695.96 Million
Net Asset Value: $7.86
Number of Holdings: 476
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.
