AB Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of November 30, 2015.

 

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.25%, 5/15/30	20.81%
2) U.S. Treasury Notes 3.625%, 2/15/21	18.42%
3) U.S. Treasury Bonds 6.375%, 8/15/27	18.03%
4) U.S. Treasury Bonds 6.50%, 11/15/26	14.72%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21	10.76%
6) U.S. Treasury Notes 3.125%, 5/15/21	7.81%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.47%
8) U.S. Treasury Bonds 8.75%, 8/15/20	2.98%
9) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.20%
10) U.S. Treasury Bonds  8.00%, 11/15/21	2.08%
Investment Type	Portfolio %
Global Governments	107.21%
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical	2.54%
Energy	2.37%
Communications - Media	1.84%
Communications - Telecommunications	0.91%
Basic	0.83%
Consumer Cyclical - Retailers	0.80%
Capital Goods	0.68%
Consumer Cyclical - Other	0.56%
Technology	0.44%
Consumer Cyclical - Automotive	0.35%
Transportation - Services	0.28%
Services	0.22%
Other Industrial	0.19%
Consumer Cyclical - Entertainment	0.10%
SUBTOTAL	12.11%
Credit Default Swaps	2.04%
SUBTOTAL	2.04%
Financial Institutions
Banking	1.36%
Other Finance	0.14%
Finance	0.08%
REITS	0.06%
SUBTOTAL	1.64%
Utility
Electric	0.74%
SUBTOTAL	0.74%
SUBTOTAL	16.53%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	3.73%
Non-Agency Fixed Rate	1.67%
Non-Agency Floating Rate	0.75%
Agency Fixed Rate	0.17%
SUBTOTAL	6.32%
Corporates - Investment Grade
Industrial
Communications - Telecommunications	0.74%
Energy	0.69%
Basic	0.50%
Consumer Non-Cyclical	0.33%
Capital Goods	0.31%
Technology	0.20%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.08%
SUBTOTAL	2.99%
Financial Institutions
Insurance	1.46%
Banking	0.55%
SUBTOTAL	2.01%
Utility
Electric	0.21%
SUBTOTAL	0.21%
Credit Default Swaps	0.08%
SUBTOTAL	0.08%
SUBTOTAL	5.29%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	3.58%
Credit Default Swaps	0.73%
Non-Agency Floating Rate CMBS	0.24%
SUBTOTAL	4.55%
Agencies
Agency Debentures	4.05%
SUBTOTAL	4.05%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	1.29%
Credit Default Swaps	0.43%
SUBTOTAL	1.72%
Whole Loan Trusts
Performing Asset	1.54%
SUBTOTAL	1.54%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.45%
Capital Goods	0.38%
Basic	0.21%
Communications - Telecommunications	0.19%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.14%
SUBTOTAL	1.51%
SUBTOTAL	1.51%
Common Stocks	1.28%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.18%
SUBTOTAL	1.18%
Local Governments - Municipal Bonds	0.94%
Preferred Stocks
Financial Institutions	0.52%
Industrial	0.21%
SUBTOTAL	0.73%
Governments - Sovereign Agencies	0.48%
Bank Loans
Industrial
Basic	0.11%
Communications - Media	0.09%
Other Industrial	0.04%
Technology	0.01%
SUBTOTAL	0.25%
SUBTOTAL	0.25%
Asset-Backed Securities
Autos - Fixed Rate	0.12%
Industrial	0.10%
SUBTOTAL	0.22%
Investment Companies
Funds and Investment Trusts	0.06%
SUBTOTAL	0.06%
Interest Rate Swaps	-30.86%
Interest Rate Futures	-46.78%
Reverse Repurchase Agreements	-53.32%
Net Cash Equivalents
Investment Companies	2.65%
Cash	-0.84%
SUBTOTAL	1.81%
Derivative Offsets
Futures Offsets	46.63%
Swaps Offsets	28.66%
SUBTOTAL	75.29%
	100.00%
Country Breakdown	Portfolio %
United States	90.94%
Brazil	2.16%
Mexico	1.04%
Canada	0.87%
Bermuda	0.77%
United Kingdom	0.45%
Luxembourg	0.38%
France	0.37%
Switzerland	0.30%
Indonesia	0.29%
Germany	0.26%
India	0.24%
Spain	0.23%
El Salvador	0.20%
Venezuela	0.16%
Barbados	0.15%
Jamaica	0.14%
Italy	0.11%
Dominican Republic	0.10%
Kenya	0.10%
Netherlands	0.10%
Angola	0.10%
Ivory Coast	0.08%
Guatemala	0.06%
Pakistan	0.06%
Sri Lanka	0.05%
Ghana	0.05%
Zambia	0.05%
South Africa	0.04%
Morocco	0.04%
Australia	0.03%
Norway	0.03%
Sweden	0.02%
Belgium	0.02%
Peru	0.01%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	101.55%
Japanese Yen	3.51%
Indian Rupee	1.00%
New Zealand Dollar	0.06%
Mexican Peso	0.02%
Norwegian Krone	-0.02%
Australian Dollar	-0.04%
Brazilian Real	-0.07%
Canadian Dollar	-0.51%
Taiwan New Dollar	-1.01%
Great British Pound	-1.05%
Singapore Dollar	-1.51%
Euro	-1.93%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	57.15%
A	1.59%
BBB	11.14%
BB	8.45%
B	7.63%
CCC	3.14%
CC	0.31%
C	0.01%
D	0.37%
Not Rated	5.97%
Short Term Investments	2.65%
N/A	1.59%
	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-49.31%
1 to 5 years	28.17%
5 to 10 years	51.99%
10 to 20 years	59.40%
20 to 30 years	7.73%
More than 30 years	0.74%
Other	1.28%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.67%
Average Bond Price :	117.11
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	39.95%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	39.95%
Average Maturity:	14.16 Years
Effective Duration:	5.26 Years
Total Net Assets:	$1,750.32 Million
Net Asset Value:	$8.11
Number of Holdings:	466
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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