AB Income Fund Releases Monthly Portfolio Update

NEW YORK, June 26, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of May 31, 2015.

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.00%, 2/15/26	22.44%
2) U.S. Treasury Bonds 6.375%, 8/15/27	20.52%
3) U.S. Treasury Notes 3.625%, 2/15/21	17.91%
4) U.S. Treasury Bonds 6.50%, 11/15/26	14.39%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21	9.63%
6) U.S. Treasury Notes 3.125%, 5/15/21	5.63%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.40%
8) U.S. Treasury Bonds 8.75%, 8/15/20	2.95%
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20	2.10%
10) U.S. Treasury Bonds 8.00%, 11/15/21	2.04%
Investment Type	Portfolio %
Global Governments	107.51%
Corporates - Non-Investment Grade
Industrial
Energy	2.44%
Consumer Non-Cyclical	1.89%
Communications - Media	1.79%
Basic	0.93%
Communications - Telecommunications	0.80%
Consumer Cyclical - Retailers	0.73%
Capital Goods	0.66%
Consumer Cyclical - Other	0.45%
Technology	0.39%
Consumer Cyclical - Automotive	0.34%
Transportation - Services	0.25%
Services	0.21%
Other Industrial	0.19%
Consumer Cyclical - Entertainment	0.12%
SUBTOTAL	11.19%
Credit Default Swaps	2.10%
SUBTOTAL	2.10%
Financial Institutions
Banking	1.08%
Insurance	0.14%
Other Finance	0.12%
Finance	0.10%
REITS	0.06%
SUBTOTAL	1.50%
Utility
Electric	0.77%
SUBTOTAL	0.77%
SUBTOTAL	15.56%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	2.39%
Non-Agency Fixed Rate	1.67%
Non-Agency Floating Rate	0.65%
Agency Fixed Rate	0.20%
SUBTOTAL	4.91%
Corporates - Investment Grade
Industrial
Communications - Telecommunications	0.73%
Basic	0.65%
Capital Goods	0.43%
Energy	0.37%
Transportation - Airlines	0.09%
SUBTOTAL	2.27%
Financial Institutions
Insurance	1.44%
Banking	0.53%
SUBTOTAL	1.97%
Credit Default Swaps	0.29%
SUBTOTAL	0.29%
Utility
Electric	0.20%
SUBTOTAL	0.20%
SUBTOTAL	4.73%
Agencies
Agency Debentures	3.92%
SUBTOTAL	3.92%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	3.16%
Credit Default Swaps	0.22%
SUBTOTAL	3.38%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.49%
Capital Goods	0.38%
Basic	0.24%
Consumer Cyclical - Retailers	0.24%
Communications - Telecommunications	0.22%
Transportation - Airlines	0.20%
SUBTOTAL	1.77%
SUBTOTAL	1.77%
Whole Loan Trusts
Performing Asset	1.42%
SUBTOTAL	1.42%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.24%
SUBTOTAL	1.24%
Common Stocks	1.15%
Local Governments - Municipal Bonds	0.87%
Emerging Markets - Sovereigns	0.85%
Bank Loans
Industrial
Consumer Non-Cyclical	0.12%
Energy	0.11%
Other Industrial	0.11%
Consumer Cyclical - Other	0.09%
Communications - Media	0.08%
Basic	0.05%
Technology	0.01%
SUBTOTAL	0.57%
SUBTOTAL	0.57%
Preferred Stocks
Financial Institutions	0.37%
Industrial	0.19%
SUBTOTAL	0.56%
Governments - Sovereign Agencies	0.35%
Investment Companies
Funds and Investment Trusts	0.15%
SUBTOTAL	0.15%
Currency Instruments
Forward Currency Exchange Contracts	0.11%
SUBTOTAL	0.11%
Interest Rate Swaps - SIFMA	-21.81%
Interest Rate Futures	-44.42%
Reverse Repurchase Agreements	-52.12%
Net Cash Equivalents
Cash	4.19%
Investment Companies	3.19%
Foreign Currency	-0.01%
SUBTOTAL	7.37%
Derivative Offsets
Futures Offsets	43.73%
Swaps Offsets	18.20%
SUBTOTAL	61.93%
	100.00%
Country Breakdown	Portfolio %
United States	90.56%
Brazil	2.35%
Mexico	1.13%
Canada	0.90%
Bermuda	0.72%
United Kingdom	0.46%
Luxembourg	0.44%
Indonesia	0.31%
Peru	0.29%
France	0.29%
India	0.27%
Germany	0.26%
Spain	0.24%
Switzerland	0.24%
El Salvador	0.23%
Venezuela	0.15%
Barbados	0.15%
Dominican Republic	0.14%
Italy	0.11%
Netherlands	0.10%
Ivory Coast	0.09%
Guatemala	0.08%
Belgium	0.07%
Pakistan	0.07%
Jamaica	0.07%
Zambia	0.06%
Sri Lanka	0.05%
South Africa	0.04%
Norway	0.04%
Morocco	0.04%
Australia	0.03%
Sweden	0.02%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	103.21%
New Turkish Lira	1.43%
Indonesian Rupiah	0.62%
Brazilian Real	0.42%
Uruguayan Peso	0.22%
Mexican Peso	0.01%
Norwegian Krone	-0.01%
Singapore Dollar	-0.52%
New Zealand Dollar	-0.95%
Australian Dollar	-1.43%
Euro	-1.49%
Great British Pound	-1.51%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	59.03%
A	1.42%
BBB	9.86%
BB	7.35%
B	7.56%
CCC	3.12%
CC	0.28%
C	0.03%
D	0.42%
Not Rated	4.24%
Short Term Investments	3.19%
N/A	3.50%
	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-44.39%
1 to 5 years	15.40%
5 to 10 years	57.25%
10 to 20 years	61.51%
20 to 30 years	8.19%
More than 30 years	0.89%
Other	1.15%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.70%
Average Bond Price :	119.83
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	39.07%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	39.07%
Average Maturity:	13.88 Years
Effective Duration:	4.76 Years
Total Net Assets:	$1,825.31 Million
Net Asset Value:	$8.46
Number of Holdings:	413
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.

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