ALLIANCEBERNSTEIN INCOME FUND INC. NEW YORK, March 28, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 29, 2016.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Bonds 6.25%, 5/15/30 19.48%
2) U.S. Treasury Notes 3.625%, 2/15/21 19.30%
3) U.S. Treasury Bonds 6.375%, 8/15/27 19.24%
4) U.S. Treasury Bonds 6.50%, 11/15/26 15.68%
5) U.S. Treasury Notes 2.125%, 8/31/20 -
9/30/21 11.29%
6) U.S. Treasury Notes 3.125%, 5/15/21 6.09%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.98%
8) U.S. Treasury Bonds 8.75%, 8/15/20 3.08%
9) Residual Funding Corp. Principal Strip Zero
Coupon, 7/15/20 2.31%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.17%
Investment Type Portfolio %
Global Governments 108.78%
Corporates - Non-Investment Grade
Industrial
Energy 1.76%
Communications - Media 1.59%
Consumer Non-Cyclical 1.51%
Communications - Telecommunications 0.93%
Consumer Cyclical - Other 0.63%
Basic 0.59%
Capital Goods 0.53%
Consumer Cyclical - Retailers 0.38%
Consumer Cyclical - Automotive 0.36%
Technology 0.33%
Transportation - Services 0.24%
Other Industrial 0.20%
SUBTOTAL 9.05%
Credit Default Swaps 2.04%
SUBTOTAL 2.04%
Financial Institutions
Banking 1.20%
Other Finance 0.18%
Finance 0.06%
REITS 0.06%
SUBTOTAL 1.50%
Utility
Electric 0.46%
SUBTOTAL 0.46%
SUBTOTAL 13.05%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate 3.50%
Non-Agency Fixed Rate 1.62%
Non-Agency Floating Rate 0.39%
Agency Fixed Rate 0.08%
SUBTOTAL 5.59%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.23%
Credit Default Swaps 1.15%
Non-Agency Floating Rate CMBS 0.24%
SUBTOTAL 4.62%
Agencies
Agency Debentures 4.31%
SUBTOTAL 4.31%
Corporates - Investment Grade
Industrial
Communications - Telecommunications 0.68%
Consumer Non-Cyclical 0.30%
Energy 0.27%
Basic 0.19%
Technology 0.18%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.08%
Capital Goods 0.07%
SUBTOTAL 1.91%
Financial Institutions
Insurance 1.30%
Banking 0.47%
SUBTOTAL 1.77%
Utility
Electric 0.21%
SUBTOTAL 0.21%
Credit Default Swaps 0.08%
SUBTOTAL 0.08%
SUBTOTAL 3.97%
Whole Loan Trusts
Performing Asset 1.51%
SUBTOTAL 1.51%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical 0.42%
Capital Goods 0.42%
Communications - Telecommunications 0.20%
Basic 0.15%
Consumer Cyclical - Retailers 0.14%
Transportation - Airlines 0.12%
SUBTOTAL 1.45%
SUBTOTAL 1.45%
Common Stocks 1.34%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns 0.67%
Credit Default Swaps 0.45%
SUBTOTAL 1.12%
Quasi-Sovereigns
Quasi-Sovereign Bonds 0.92%
SUBTOTAL 0.92%
Preferred Stocks
Financial Institutions 0.45%
Industrial 0.21%
SUBTOTAL 0.66%
Local Governments - Municipal Bonds 0.40%
Emerging Markets - Treasuries 0.35%
Asset-Backed Securities
Autos - Fixed Rate 0.19%
Other ABS - Fixed Rate 0.10%
SUBTOTAL 0.29%
Governments - Sovereign Agencies 0.22%
Bank Loans
Industrial
Basic 0.10%
Other Industrial 0.05%
Technology 0.01%
SUBTOTAL 0.16%
SUBTOTAL 0.16%
Investment Companies
Funds and Investment Trusts 0.06%
SUBTOTAL 0.06%
Currency Instruments
Forward Currency Exchange Contracts -0.09%
SUBTOTAL -0.09%
Interest Rate Swaps -31.93%
Interest Rate Futures -46.66%
Reverse Repurchase Agreements -55.62%
Net Cash Equivalents
Investment Companies 8.44%
Cash 1.44%
SUBTOTAL 9.88%
Derivative Offsets
Futures Offsets 46.69%
Swaps Offsets 28.93%
SUBTOTAL 75.62%
Total 100.00%
Country Breakdown Portfolio %
United States 93.85%
Brazil 0.99%
Canada 0.86%
Bermuda 0.79%
Mexico 0.70%
Indonesia 0.30%
Luxembourg 0.28%
Germany 0.26%
United Kingdom 0.25%
Switzerland 0.23%
France 0.22%
Spain 0.17%
Barbados 0.15%
India 0.11%
Italy 0.10%
Kenya 0.10%
Angola 0.09%
Ivory Coast 0.08%
Dominican Republic 0.08%
Guatemala 0.07%
Jamaica 0.06%
Netherlands 0.06%
Ghana 0.05%
Zambia 0.04%
South Africa 0.04%
Australia 0.03%
Sweden 0.02%
Norway 0.01%
Peru 0.01%
Total 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 103.71%
Norwegian Krone 0.99%
Mexican Peso 0.52%
Russian Rubles 0.51%
New Turkish Lira 0.50%
Argentine Peso 0.41%
New Zealand Dollar 0.05%
Japanese Yen 0.05%
Brazilian Real 0.04%
Australian Dollar -0.02%
Great British Pound -0.06%
Euro -0.49%
Singapore Dollar -1.56%
Canadian Dollar -1.61%
Taiwan New Dollar -3.04%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 58.94%
AA 0.07%
A 1.33%
BBB 7.27%
BB 7.01%
B 5.46%
CCC 1.84%
CC 0.26%
C 0.02%
D 0.38%
Not Rated 5.40%
Short Term Investments 8.44%
N/A 3.58%
Total 100.00%
Bonds By Maturity Portfolio %
Less than 1 year -44.05%
1 to 5 years 46.89%
5 to 10 years 28.32%
10 to 20 years 58.58%
20 to 30 years 8.08%
More than 30 years 0.84%
Other 1.34%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 7.13%
Average Bond Price : 120.32
Percentage of Leverage (based on Gross Assets):
Bank Borrowing: 0.00%
Investment Operations: 39.91%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 39.91%
Average Maturity: 13.66 Years
Effective Duration: 5.08 Years
Total Net Assets: $1,700.28 Million
Net Asset Value: $7.88
Number of Holdings: 442
Portfolio Turnover: 34%
* 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.
