AB Income Fund Releases Monthly Portfolio Update

NEW YORK, May 22, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE:ACG) (the "Fund") today released its monthly portfolio update as of April 30, 2015.

 

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.00%, 2/15/26	22.50%
2) U.S. Treasury Bonds 6.375%, 8/15/27	20.61%
3) U.S. Treasury Notes 3.625%, 2/15/21	17.91%
4) U.S. Treasury Bonds 6.50%, 11/15/26	14.45%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21	9.62%
6) U.S. Treasury Notes 3.125%, 5/15/21	5.62%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.50%
8) U.S. Treasury Bonds 8.75%, 8/15/20	2.96%
9) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.09%
10) U.S. Treasury Bonds 8.00%, 11/15/21	2.05%
Investment Type	Portfolio %
Global Governments	108.35%
Corporates - Non-Investment Grades
Industrial
Energy	2.01%
Communications - Media	1.64%
Consumer Non-Cyclical	1.63%
Basic	0.92%
Communications - Telecommunications	0.81%
Consumer Cyclical - Retailers	0.72%
Capital Goods	0.60%
Consumer Cyclical - Other	0.41%
Technology	0.33%
Transportation - Services	0.25%
Services	0.21%
Other Industrial	0.18%
Consumer Cyclical - Entertainment	0.12%
Consumer Cyclical - Automotive	0.01%
SUBTOTAL	9.84%
Credit Default Swaps	2.11%
Financial Institutions
Banking	1.08%
Insurance	0.14%
Other Finance	0.12%
Finance	0.10%
SUBTOTAL	1.44%
Utility
Electric	0.75%
SUBTOTAL	0.75%
SUBTOTAL	14.14%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	2.38%
Non-Agency Fixed Rate	1.60%
Non-Agency Floating Rate	0.74%
Agency Fixed Rate	0.20%
SUBTOTAL	4.92%
Corporates - Investment Grades
Industrial
Communications - Telecommunications	0.75%
Basic	0.66%
Capital Goods	0.42%
Energy	0.37%
Transportation - Airlines	0.09%
SUBTOTAL	2.29%
Financial Institutions
Insurance	1.35%
Banking	0.53%
SUBTOTAL	1.88%
Credit Default Swaps	0.29%
Utility
Electric	0.19%
SUBTOTAL	0.19%
SUBTOTAL	4.65%
Agencies
Agency Debentures	3.91%
SUBTOTAL	3.91%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	2.78%
Credit Default Swaps	0.22%
Non-Agency Floating Rate CMBS	0.18%
SUBTOTAL	3.18%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.47%
Capital Goods	0.38%
Basic	0.24%
Consumer Cyclical - Retailers	0.23%
Communications - Telecommunications	0.22%
Transportation - Airlines	0.20%
SUBTOTAL	1.74%
SUBTOTAL	1.74%
Whole Loan Trusts
Performing Asset	1.35%
SUBTOTAL	1.35%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.28%
SUBTOTAL	1.28%
Common Stocks	1.14%
Local Governments - Municipal Bonds	1.02%
Bank Loans
Industrial
Consumer Cyclical - Automotive	0.31%
Consumer Non-Cyclical	0.13%
Energy	0.11%
Other Industrial	0.11%
Consumer Cyclical - Other	0.09%
Communications - Media	0.08%
Basic	0.05%
Technology	0.05%
SUBTOTAL	0.93%
SUBTOTAL	0.93%
Emerging Markets - Sovereigns	0.85%
Preferred Stocks
Financial Institutions	0.39%
Industrial	0.19%
SUBTOTAL	0.58%
Governments - Sovereign Agencies	0.35%
Investment Companies
Funds and Investment Trusts	0.15%
SUBTOTAL	0.15%
Options Purchased - Calls
Options on Forward Contracts	0.03%
SUBTOTAL	0.03%
Put Options Written	-0.01%
Currency Instruments
Forward Currency Exchange Contracts	-0.33%
SUBTOTAL	-0.33%
Interest Rate Swaps - SIFMA	-21.96%
Interest Rate Futures	-46.02%
Reverse Repurchase Agreements	-52.37%
Net Cash Equivalents
Investment Companies	4.21%
Cash	3.63%
Governments - Treasuries	0.23%
SUBTOTAL	8.07%
Derivative Offsets
Futures Offsets	45.90%
Swaps Offsets	18.15%
SUBTOTAL	64.05%
	100.00%
Country Breakdown	Portfolio %
United States	90.44%
Brazil	2.38%
Mexico	1.13%
Canada	0.90%
Bermuda	0.71%
United Kingdom	0.45%
Luxembourg	0.44%
Indonesia	0.33%
France	0.30%
Peru	0.28%
India	0.27%
Germany	0.26%
Spain	0.24%
Switzerland	0.24%
El Salvador	0.23%
Venezuela	0.16%
Uruguay	0.15%
Dominican Republic	0.15%
Barbados	0.15%
Italy	0.11%
Ivory Coast	0.09%
Guatemala	0.08%
Belgium	0.07%
Jamaica	0.07%
Pakistan	0.07%
Zambia	0.06%
Sri Lanka	0.05%
Norway	0.04%
Morocco	0.04%
South Africa	0.04%
Australia	0.03%
Sweden	0.02%
Turkey	0.02%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	102.77%
Colombian Peso	1.08%
Mexican Peso	1.01%
Indonesian Rupiah	0.63%
New Turkish Lira	0.53%
Uruguayan Peso	0.23%
Euro	-0.01%
Brazilian Real	-0.06%
Australian Dollar	-0.50%
Singapore Dollar	-0.53%
New Zealand Dollar	-1.03%
Canadian Dollar	-1.08%
Great British Pound	-3.04%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	59.73%
A	1.45%
BBB	9.53%
BB	6.83%
B	7.25%
CCC	3.23%
CC	0.28%
C	0.01%
D	0.38%
Not Rated	3.88%
Short Term Investments	4.44%
N/A	2.99%
	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-43.85%
1 to 5 years	14.03%
5 to 10 years	57.69%
10 to 20 years	61.71%
20 to 30 years	8.40%
More than 30 years	0.88%
Other	1.14%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.65%
Average Bond Price :	120.64
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	45.67%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	45.67%
Average Maturity:	13.99 Years
Effective Duration:	4.79 Years
Total Net Assets:	$1,829.84 Million
Net Asset Value:	$8.47
Number of Holdings:	389
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