AB Income Fund Releases Monthly Portfolio Update

NEW YORK, March 27, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2015.

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.00%, 2/15/26	21.96%
2) U.S. Treasury Bonds 6.375%, 8/15/27	20.10%
3) U.S. Treasury Notes 3.625%, 2/15/21	17.33%
4) U.S. Treasury Bonds 6.50%, 11/15/26	14.10%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21	9.29%
6) U.S. Treasury Notes 3.125%, 5/15/21	5.44%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.48%
8) Federal National Mortgage Association 5.375%, 6/12/17	3.47%
9) U.S. Treasury Bonds 8.75%, 8/15/20	2.88%
10) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.01%
Investment Type	Portfolio %
Global Governments	102.50%
Corporates - Non-Investment Grades
Industrial
Communications - Media	1.59%
Energy	1.49%
Basic	1.27%
Consumer Non-Cyclical	1.25%
Communications - Telecommunications	0.85%
Consumer Cyclical - Retailers	0.82%
Capital Goods	0.55%
Technology	0.43%
Consumer Cyclical - Other	0.31%
Services	0.27%
Transportation - Services	0.24%
Consumer Cyclical - Automotive	0.20%
Other Industrial	0.18%
Consumer Cyclical - Entertainment	0.12%
SUBTOTAL	9.57%
Credit Default Swaps	2.27%
Financial Institutions
Banking	1.51%
Insurance	0.14%
Other Finance	0.12%
Finance	0.10%
SUBTOTAL	1.87%
Utility
Electric	0.73%
SUBTOTAL	0.73%
SUBTOTAL	14.44%
Agencies
Agency Debentures	3.82%
Agency Subordinated	3.47%
SUBTOTAL	7.29%
Corporates - Investment Grades
Industrial
Communications - Telecommunications	0.76%
Basic	0.63%
Energy	0.58%
Capital Goods	0.35%
Transportation - Airlines	0.08%
Communications - Media	0.06%
SUBTOTAL	2.46%
Financial Institutions
Insurance	1.31%
Banking	0.72%
Finance	0.26%
SUBTOTAL	2.29%
Non Corporate Sectors
Agencies - Not Government Guaranteed	0.30%
SUBTOTAL	0.30%
Credit Default Swaps	0.28%
Utility
Electric	0.19%
SUBTOTAL	0.19%
SUBTOTAL	5.52%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	2.55%
Non-Agency Fixed Rate	1.58%
Non-Agency Floating Rate	0.64%
Agency Fixed Rate	0.18%
SUBTOTAL	4.95%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	2.67%
Credit Default Swaps	0.21%
SUBTOTAL	2.88%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.49%
Capital Goods	0.37%
Basic	0.23%
Consumer Cyclical - Retailers	0.22%
Communications - Telecommunications	0.21%
Transportation - Airlines	0.20%
SUBTOTAL	1.72%
SUBTOTAL	1.72%
Bank Loans
Industrial
Consumer Non-Cyclical	0.40%
Consumer Cyclical - Automotive	0.32%
Energy	0.11%
Other Industrial	0.10%
Consumer Cyclical - Other	0.09%
Communications - Media	0.08%
Technology	0.06%
Basic	0.05%
SUBTOTAL	1.21%
SUBTOTAL	1.21%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.20%
SUBTOTAL	1.20%
Preferred Stocks
Financial Institutions	0.94%
Industrial	0.19%
SUBTOTAL	1.13%
Whole Loan Trusts
Performing Asset	1.13%
SUBTOTAL	1.13%
Local Governments - Municipal Bonds	0.99%
Mortgage Pass-Throughs
Agency ARMs	0.62%
Agency Fixed Rate 30-Year	0.26%
SUBTOTAL	0.88%
Emerging Markets - Sovereigns	0.83%
Common Stocks	0.31%
Governments - Sovereign Agencies	0.21%
Investment Companies
Funds and Investment Trusts	0.14%
SUBTOTAL	0.14%
Currency Instruments
Forward Currency Exchange Contracts	0.01%
SUBTOTAL	0.01%
Interest Rate Swaps - SIFMA	-13.24%
Interest Rate Futures	-42.67%
Reverse Repurchase Agreements	-50.49%
Net Cash Equivalents
Repurchase Agreements	4.23%
Cash	2.23%
Investment Companies	0.40%
Governments - Treasuries	0.23%
Whole Loan Trusts	0.08%
SUBTOTAL	7.17%
Derivative Offsets
Futures Offsets	42.38%
Swaps Offsets	9.51%
SUBTOTAL	51.89%
	100.00%
Country Breakdown	Portfolio %
United States	92.33%
Mexico	1.11%
Brazil	1.05%
Canada	0.78%
United Kingdom	0.48%
Luxembourg	0.40%
Indonesia	0.35%
France	0.29%
Peru	0.27%
Germany	0.26%
India	0.25%
Switzerland	0.24%
Spain	0.24%
El Salvador	0.22%
Italy	0.18%
Norway	0.18%
Dominican Republic	0.16%
Bermuda	0.16%
Uruguay	0.15%
Barbados	0.14%
Venezuela	0.12%
Ivory Coast	0.09%
Guatemala	0.08%
Jamaica	0.07%
Belgium	0.07%
Zambia	0.06%
Pakistan	0.06%
Sri Lanka	0.05%
Morocco	0.04%
South Africa	0.04%
Singapore	0.03%
Australia	0.03%
Sweden	0.02%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	102.31%
Mexican Peso	2.05%
Indonesian Rupiah	0.98%
Uruguayan Peso	0.23%
Brazilian Real	0.05%
Great British Pound	0.03%
New Zealand Dollar	0.01%
Euro	-0.49%
Taiwan New Dollar	-0.50%
Singapore Dollar	-0.50%
Canadian Dollar	-2.05%
Australian Dollar	-2.12%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	61.78%
A	1.73%
BBB	8.15%
BB	6.70%
B	7.68%
CCC	3.25%
CC	0.17%
C	0.01%
D	0.38%
Not Rated	3.41%
Short Term Investments	4.95%
N/A	1.79%
	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-42.51%
1 to 5 years	14.84%
5 to 10 years	57.84%
10 to 20 years	60.37%
20 to 30 years	8.68%
More than 30 years	0.47%
Other	0.31%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.46%
Average Bond Price :	120.68
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	36.67%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	36.67%
Average Maturity:	13.99 Years
Effective Duration:	5.09 Years
Total Net Assets:	$1,889.33 Million
Net Asset Value:	$8.49
Number of Holdings:	376
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.

Copyright 2015 PR Newswire