AB Income Fund Releases Monthly Portfolio Update

NEW YORK, April 27, 2015 /PRNewswire/ -- AB Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of March 31, 2015.

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.00%, 2/15/26	22.41%
2) U.S. Treasury Bonds 6.375%, 8/15/27	20.57%
3) U.S. Treasury Notes 3.625%, 2/15/21	17.72%
4) U.S. Treasury Bonds 6.50%, 11/15/26	14.42%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21	9.51%
6) U.S. Treasury Notes 3.125%, 5/15/21	5.57%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.61%
8) U.S. Treasury Notes 1.25%, 1/31/20	4.28%
9) U.S. Treasury Bonds 8.75%, 8/15/20	2.93%
10) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.06%
Investment Type	Portfolio %
Global Governments	110.91%
Corporates - Non-Investment Grades
Industrial
Energy	1.87%
Communications - Media	1.62%
Consumer Non-Cyclical	1.44%
Basic	0.91%
Communications - Telecommunications	0.80%
Consumer Cyclical - Retailers	0.71%
Capital Goods	0.65%
Technology	0.43%
Consumer Cyclical - Other	0.29%
Services	0.28%
Transportation - Services	0.25%
Other Industrial	0.18%
Consumer Cyclical - Entertainment	0.12%
Consumer Cyclical - Automotive	0.01%
SUBTOTAL	9.56%
Credit Default Swaps	2.17%
Financial Institutions
Banking	0.96%
Insurance	0.14%
Other Finance	0.12%
Finance	0.10%
SUBTOTAL	1.32%
Utility
Electric	0.73%
SUBTOTAL	0.73%
SUBTOTAL	13.78%
Corporates - Investment Grades
Industrial
Communications - Telecommunications	0.79%
Basic	0.64%
Capital Goods	0.39%
Energy	0.36%
Transportation - Airlines	0.08%
Communications - Media	0.06%
SUBTOTAL	2.32%
Financial Institutions
Insurance	1.34%
Banking	0.74%
SUBTOTAL	2.08%
Non Corporate Sectors
Agencies - Not Government Guaranteed	0.31%
SUBTOTAL	0.31%
Credit Default Swaps	0.28%
Utility
Electric	0.19%
SUBTOTAL	0.19%
SUBTOTAL	5.18%
Collateralized Mortgage Obligations
Non-Agency Floating Rate	1.82%
Non-Agency Fixed Rate	1.60%
GSE Risk Share Floating Rate	1.20%
Agency Fixed Rate	0.19%
SUBTOTAL	4.81%
Agencies
Agency Debentures	3.92%
SUBTOTAL	3.92%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	2.91%
Credit Default Swaps	0.22%
SUBTOTAL	3.13%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.47%
Capital Goods	0.37%
Consumer Cyclical - Retailers	0.23%
Basic	0.22%
Communications - Telecommunications	0.21%
Transportation - Airlines	0.20%
SUBTOTAL	1.70%
SUBTOTAL	1.70%
Whole Loan Trusts
Performing Asset	1.28%
SUBTOTAL	1.28%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.21%
SUBTOTAL	1.21%
Local Governments - Municipal Bonds	1.01%
Preferred Stocks
Financial Institutions	0.76%
Industrial	0.19%
SUBTOTAL	0.95%
Bank Loans
Industrial
Consumer Non-Cyclical	0.43%
Energy	0.11%
Other Industrial	0.10%
Consumer Cyclical - Other	0.09%
Communications - Media	0.07%
Consumer Cyclical - Automotive	0.05%
Technology	0.05%
Basic	0.04%
SUBTOTAL	0.94%
SUBTOTAL	0.94%
Emerging Markets - Sovereigns	0.83%
Common Stocks	0.30%
Investment Companies
Funds and Investment Trusts	0.14%
SUBTOTAL	0.14%
Currency Instruments
Forward Currency Exchange Contracts	0.06%
SUBTOTAL	0.06%
Governments - Sovereign Agencies	0.02%
Interest Rate Swaps - SIFMA	-14.08%
Interest Rate Futures	-45.36%
Reverse Repurchase Agreements	-55.14%
Net Cash Equivalents
Investment Companies	4.63%
Cash	4.52%
Governments - Treasuries	0.23%
SUBTOTAL	9.38%
Derivative Offsets
Futures Offsets	44.62%
Swaps Offsets	10.41%
SUBTOTAL	55.03%
	100.00%
Country Breakdown	Portfolio %
United States	91.41%
Brazil	2.25%
Mexico	1.10%
Canada	0.86%
Luxembourg	0.43%
United Kingdom	0.34%
Indonesia	0.32%
France	0.28%
Peru	0.27%
India	0.25%
Germany	0.25%
Spain	0.24%
Switzerland	0.24%
El Salvador	0.22%
Italy	0.21%
Bermuda	0.16%
Dominican Republic	0.15%
Uruguay	0.15%
Barbados	0.14%
Venezuela	0.11%
Ivory Coast	0.09%
Guatemala	0.08%
Belgium	0.06%
Pakistan	0.06%
Zambia	0.06%
Jamaica	0.06%
Norway	0.04%
Sri Lanka	0.04%
Morocco	0.04%
South Africa	0.04%
Australia	0.03%
Sweden	0.02%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	109.14%
Indonesian Rupiah	0.62%
Uruguayan Peso	0.23%
Mexican Peso	0.01%
New Zealand Dollar	-0.49%
Singapore Dollar	-0.50%
Taiwan New Dollar	-0.52%
Swiss Franc	-1.00%
Canadian Dollar	-1.01%
Brazilian Real	-1.45%
Australian Dollar	-1.97%
Great British Pound	-3.06%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	59.70%
A	1.68%
BBB	9.30%
BB	6.23%
B	7.64%
CCC	3.24%
CC	0.17%
C	0.01%
D	0.38%
Not Rated	3.39%
Short Term Investments	4.85%
N/A	3.41%
	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-45.71%
1 to 5 years	15.85%
5 to 10 years	58.36%
10 to 20 years	61.81%
20 to 30 years	8.53%
More than 30 years	0.86%
Other	0.30%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.52%
Average Bond Price :	121.19
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	39.72%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	0.00%
Average Maturity:	14.16 Years
Effective Duration:	4.98 Years
Total Net Assets:	$1,858.31 Million
Net Asset Value:	$8.50
Number of Holdings:	436
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