AB Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 21, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of July 31, 2015.

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.375%, 8/15/27	20.65%
2) U.S. Treasury Bonds 6.25%, 5/15/30	20.45%
3) U.S. Treasury Notes 3.625%, 2/15/21	18.04%
4) U.S. Treasury Bonds 6.50%, 11/15/26	14.48%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21	9.73%
6) U.S. Treasury Notes 3.125%, 5/15/21	5.67%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.40%
8) U.S. Treasury Bonds 8.75%, 8/15/20	2.96%
9) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.13%
10) U.S. Treasury Bonds 8.00%, 11/15/21	2.05%
Investment Type	Portfolio %
Global Governments	106.40%
Corporates - Non-Investment Grade
Industrial
Energy	2.20%
Consumer Non-Cyclical	1.97%
Communications - Media	1.78%
Basic	0.85%
Communications - Telecommunications	0.78%
Capital Goods	0.64%
Consumer Cyclical - Retailers	0.56%
Consumer Cyclical - Other	0.46%
Technology	0.39%
Consumer Cyclical - Automotive	0.36%
Transportation - Services	0.36%
Services	0.21%
Other Industrial	0.19%
Consumer Cyclical - Entertainment	0.09%
SUBTOTAL	10.84%
Credit Default Swaps	2.10%
SUBTOTAL	2.10%
Financial Institutions
Banking	1.09%
Other Finance	0.12%
Finance	0.09%
REITS	0.06%
SUBTOTAL	1.36%
Utility
Electric	0.79%
SUBTOTAL	0.79%
SUBTOTAL	15.09%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	3.20%
Non-Agency Fixed Rate	1.83%
Non-Agency Floating Rate	0.64%
Agency Fixed Rate	0.18%
SUBTOTAL	5.85%
Corporates - Investment Grade
Industrial
Basic	0.75%
Communications - Telecommunications	0.73%
Energy	0.44%
Capital Goods	0.34%
Consumer Non-Cyclical	0.32%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.09%
SUBTOTAL	2.81%
Financial Institutions
Insurance	1.44%
Banking	0.52%
SUBTOTAL	1.96%
Utility
Electric	0.20%
SUBTOTAL	0.20%
Credit Default Swaps	0.08%
SUBTOTAL	0.08%
SUBTOTAL	5.05%
Agencies
Agency Debentures	3.94%
SUBTOTAL	3.94%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	3.13%
Non-Agency Floating Rate CMBS	0.23%
Credit Default Swaps	0.22%
SUBTOTAL	3.58%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.49%
Capital Goods	0.39%
Basic	0.30%
Communications - Telecommunications	0.22%
Transportation - Airlines	0.16%
Consumer Cyclical - Retailers	0.14%
SUBTOTAL	1.70%
SUBTOTAL	1.70%
Whole Loan Trusts
Performing Asset	1.33%
SUBTOTAL	1.33%
Common Stocks	1.19%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.18%
SUBTOTAL	1.18%
Emerging Markets - Sovereigns	0.93%
Local Governments - Municipal Bonds	0.87%
Bank Loans
Industrial
Consumer Non-Cyclical	0.14%
Basic	0.12%
Energy	0.10%
Communications - Media	0.08%
Consumer Cyclical - Other	0.06%
Other Industrial	0.05%
Technology	0.01%
SUBTOTAL	0.56%
SUBTOTAL	0.56%
Preferred Stocks
Financial Institutions	0.36%
Industrial	0.20%
SUBTOTAL	0.56%
Currency Instruments
Forward Currency Exchange Contracts	0.43%
SUBTOTAL	0.43%
Governments - Sovereign Agencies	0.33%
Investment Companies
Funds and Investment Trusts	0.15%
SUBTOTAL	0.15%
Asset-Backed Securities
Autos - Fixed Rate	0.12%
SUBTOTAL	0.12%
Interest Rate Swaps - SIFMA	-38.59%
Interest Rate Futures	-45.31%
Reverse Repurchase Agreements	-50.95%
Net Cash Equivalents
Cash	2.86%
Investment Companies	1.33%
Governments - Treasuries	0.22%
Foreign Currency	-0.02%
SUBTOTAL	4.39%
Derivative Offsets
Futures Offsets	44.51%
Swaps Offsets	36.69%
SUBTOTAL	81.20%
	100.00%
Country Breakdown	Portfolio %
United States	90.47%
Brazil	2.51%
Mexico	1.13%
Canada	0.99%
Bermuda	0.74%
Luxembourg	0.42%
Indonesia	0.31%
France	0.30%
Switzerland	0.30%
India	0.27%
United Kingdom	0.27%
Germany	0.26%
Spain	0.23%
El Salvador	0.22%
Barbados	0.15%
Uruguay	0.15%
Venezuela	0.14%
Jamaica	0.14%
Dominican Republic	0.13%
Italy	0.11%
Netherlands	0.10%
Ivory Coast	0.09%
Guatemala	0.08%
South Africa	0.08%
Pakistan	0.07%
Belgium	0.07%
Zambia	0.06%
Morocco	0.05%
Sri Lanka	0.05%
Peru	0.04%
Australia	0.03%
Sweden	0.02%
Norway	0.02%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	103.82%
Japanese Yen	1.99%
Indonesian Rupiah	0.98%
Uruguayan Peso	0.22%
New Zealand Dollar	0.01%
Canadian Dollar	0.01%
Mexican Peso	0.01%
Brazilian Real	-0.01%
Norwegian Krone	-0.02%
Great British Pound	-0.03%
Taiwan New Dollar	-0.49%
Malaysian Ringgit	-0.99%
Australian Dollar	-1.50%
South Korean Won	-1.97%
Euro	-2.03%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	58.96%
A	1.41%
BBB	10.96%
BB	6.93%
B	7.51%
CCC	3.12%
CC	0.29%
D	0.39%
Not Rated	4.93%
Short Term Investments	1.54%
N/A	3.96%
	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-44.45%
1 to 5 years	17.87%
5 to 10 years	56.28%
10 to 20 years	60.49%
20 to 30 years	7.36%
More than 30 years	1.26%
Other	1.19%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.51%
Average Bond Price :	119.78
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	37.19%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	37.19%
Average Maturity:	14.66 Years
Effective Duration:	4.76 Years
Total Net Assets:	$1,800.88 Million
Net Asset Value:	$8.34
Number of Holdings:	446
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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