ALLIANCEBERNSTEIN INCOME FUND INC. NEW YORK, April 25, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of March 31, 2016.
AB Income Fund, Inc.
Top 10 Fixed Income Holdings Portfolio %
1) U.S. Treasury Bonds 6.25%, 5/15/30 19.22%
2) U.S. Treasury Notes 3.625%, 2/15/21 19.05%
3) U.S. Treasury Bonds 6.375%, 8/15/27 18.92%
4) U.S. Treasury Bonds 6.50%, 11/15/26 15.41%
5) U.S. Treasury Notes 2.125%, 8/31/20 -
9/30/21 11.16%
6) U.S. Treasury Notes 3.125%, 5/15/21 6.02%
7) U.S. Treasury Bonds 3.125%, 8/15/44 4.51%
8) U.S. Treasury Notes 0.75%, 2/28/18 3.89%
9) U.S. Treasury Bonds 8.75%, 8/15/20 3.03%
10) U.S. Treasury Bonds 8.00%, 11/15/21 2.13%
Investment Type Portfolio %
Global Governments 110.72%
Corporates - Non-Investment Grade
Industrial
Communications - Media 1.10%
Energy 1.09%
Consumer Non-Cyclical 0.74%
Communications - Telecommunications 0.70%
Consumer Cyclical - Automotive 0.35%
Technology 0.25%
Transportation - Services 0.25%
Capital Goods 0.24%
Basic 0.21%
Consumer Cyclical - Other 0.21%
Consumer Cyclical - Retailers 0.17%
Other Industrial 0.10%
SUBTOTAL 5.41%
Credit Default Swaps 2.07%
SUBTOTAL 2.07%
Financial Institutions
Banking 0.80%
Other Finance 0.18%
Finance 0.06%
SUBTOTAL 1.04%
Utility
Electric 0.21%
SUBTOTAL 0.21%
SUBTOTAL 8.73%
Collateralized Mortgage Obligations
Risk Share Floating Rate 4.28%
Non-Agency Fixed Rate 1.57%
Agency Fixed Rate 0.07%
Non-Agency Floating Rate 0.04%
SUBTOTAL 5.96%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS 3.34%
Credit Default Swaps 1.21%
Non-Agency Floating Rate CMBS 0.24%
SUBTOTAL 4.79%
Corporates - Investment Grade
Financial Institutions
Insurance 1.28%
Banking 0.48%
SUBTOTAL 1.76%
Industrial
Communications - Telecommunications 0.44%
Consumer Non-Cyclical 0.30%
Energy 0.28%
Basic 0.22%
Technology 0.21%
Transportation - Airlines 0.08%
Capital Goods 0.07%
SUBTOTAL 1.60%
Utility
Electric 0.22%
SUBTOTAL 0.22%
Credit Default Swaps 0.08%
SUBTOTAL 0.08%
SUBTOTAL 3.66%
Agencies
Agency Debentures 3.33%
SUBTOTAL 3.33%
Whole Loan Trusts
Performing Asset 1.44%
SUBTOTAL 1.44%
Common Stocks 1.31%
Quasi-Sovereigns
Quasi-Sovereign Bonds 0.98%
SUBTOTAL 0.98%
Emerging Markets - Corporate Bonds
Industrial
Capital Goods 0.34%
Consumer Non-Cyclical 0.28%
Transportation - Airlines 0.07%
Basic 0.06%
Communications - Telecommunications 0.06%
SUBTOTAL 0.81%
SUBTOTAL 0.81%
Emerging Markets - Sovereigns 0.70%
Emerging Markets - Treasuries 0.43%
Local Governments - Municipal Bonds 0.39%
Asset-Backed Securities
Autos - Fixed Rate 0.19%
Other ABS - Fixed Rate 0.10%
SUBTOTAL 0.29%
Preferred Stocks
Financial Institutions 0.28%
SUBTOTAL 0.28%
Governments - Sovereign Agencies 0.24%
Investment Companies
Funds and Investment Trusts 0.06%
SUBTOTAL 0.06%
Bank Loans
Industrial
Basic 0.04%
SUBTOTAL 0.04%
SUBTOTAL 0.04%
Put Options Written -0.01%
Currency Instruments
Forward Currency Exchange Contracts -0.22%
SUBTOTAL -0.22%
Interest Rate Swaps -32.86%
Interest Rate Futures -45.89%
Reverse Repurchase Agreements -54.57%
Net Cash Equivalents
Investment Companies 10.51%
Cash 3.85%
Foreign Currency 0.03%
SUBTOTAL 14.39%
Derivative Offsets
Futures Offsets 46.01%
Swaps Offsets 28.99%
SUBTOTAL 75.00%
Total 100.00%
Country Breakdown Portfolio %
United States 95.14%
Brazil 0.96%
Bermuda 0.79%
Mexico 0.60%
Canada 0.52%
Indonesia 0.32%
Germany 0.27%
United Kingdom 0.25%
Luxembourg 0.17%
France 0.16%
Kenya 0.10%
Ivory Coast 0.09%
Angola 0.09%
Dominican Republic 0.08%
Barbados 0.08%
Switzerland 0.08%
Zambia 0.05%
Italy 0.05%
Ghana 0.05%
Jamaica 0.04%
South Africa 0.04%
Netherlands 0.03%
Sweden 0.02%
Norway 0.01%
Peru 0.01%
Total Investments 100.00%
Net Currency Exposure Breakdown Portfolio %
United States Dollar 107.92%
Norwegian Krone 1.04%
Russian Rubles 0.81%
New Turkish Lira 0.76%
Mexican Peso 0.54%
Brazilian Real 0.50%
Argentine Peso 0.46%
New Zealand Dollar 0.09%
Polish Zloty -0.01%
Great British Pound -1.05%
Australian Dollar -1.10%
Euro -1.61%
Singapore Dollar -1.61%
Taiwan New Dollar -3.11%
Canadian Dollar -3.63%
Total Net Assets 100.00%
Credit Rating Portfolio %
AAA 60.93%
AA 0.07%
A 1.41%
BBB 6.43%
BB 4.88%
B 3.78%
CCC 1.62%
CC 0.29%
C 0.01%
D 0.37%
Not Rated 5.64%
Short Term Investments 10.51%
N/A 4.06%
Total 100.00%
Bonds By Maturity Portfolio %
Less than 1 year -39.72%
1 to 5 years 46.91%
5 to 10 years 25.54%
10 to 20 years 57.91%
20 to 30 years 7.20%
More than 30 years 0.85%
Other 1.31%
Total Net Assets 100.00%
Portfolio Statistics:
Average Coupon: 6.78%
Average Bond Price : 121.49
Percentage of Leverage (based on Gross Assets):
Bank Borrowing: 0.00%
Investment Operations: 44.36%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
VMTP Shares: 0.00%
Total Fund Leverage: 44.36%
Average Maturity: 13.18 Years
Effective Duration: 4.86 Years
Total Net Assets: $1,723.35 Million
Net Asset Value: $7.98
Number of Holdings: 415
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.
