AB Income Fund Releases Monthly Portfolio Update

NEW YORK, Feb. 22, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of January 31, 2016.

 

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Notes 3.625%, 2/15/21	19.19%
2) U.S. Treasury Bonds 6.25%, 5/15/30	19.09%
3) U.S. Treasury Bonds 6.375%, 8/15/27	18.93%
4) U.S. Treasury Bonds 6.50%, 11/15/26	15.43%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21	11.22%
6) U.S. Treasury Notes 3.125%, 5/15/21	6.06%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.82%
8) U.S. Treasury Bonds 8.75%, 8/15/20	3.08%
9) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.30%
10) U.S. Treasury Bonds 8.00%, 11/15/21	2.16%
Investment Type	Portfolio %
Global Governments	107.74%
Corporates - Non-Investment Grade
Industrial
Consumer Non-Cyclical	2.20%
Energy	2.17%
Communications - Media	1.83%
Communications - Telecommunications	0.90%
Basic	0.67%
Capital Goods	0.64%
Consumer Cyclical - Other	0.64%
Consumer Cyclical - Retailers	0.62%
Technology	0.42%
Consumer Cyclical - Automotive	0.37%
Transportation - Services	0.25%
Services	0.20%
Other Industrial	0.19%
Consumer Cyclical - Entertainment	0.15%
SUBTOTAL	11.25%
Credit Default Swaps	2.05%
SUBTOTAL	2.05%
Financial Institutions
Banking	1.44%
Other Finance	0.14%
Finance	0.07%
REITS	0.06%
SUBTOTAL	1.71%
Utility
Electric	0.69%
SUBTOTAL	0.69%
SUBTOTAL	15.70%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	3.93%
Non-Agency Fixed Rate	1.65%
Agency Fixed Rate	0.19%
Non-Agency Floating Rate	0.04%
SUBTOTAL	5.81%
Corporates - Investment Grade
Industrial
Communications - Telecommunications	0.75%
Energy	0.57%
Consumer Non-Cyclical	0.34%
Capital Goods	0.30%
Basic	0.19%
Technology	0.19%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.09%
SUBTOTAL	2.57%
Financial Institutions
Insurance	1.48%
Banking	0.48%
SUBTOTAL	1.96%
Utility
Electric	0.21%
SUBTOTAL	0.21%
Credit Default Swaps	0.08%
SUBTOTAL	0.08%
SUBTOTAL	4.82%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	3.36%
Credit Default Swaps	1.20%
Non-Agency Floating Rate CMBS	0.24%
SUBTOTAL	4.80%
Agencies
Agency Debentures	4.26%
SUBTOTAL	4.26%
Whole Loan Trusts
Performing Asset	1.54%
SUBTOTAL	1.54%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.40%
Capital Goods	0.30%
Communications - Telecommunications	0.19%
Basic	0.18%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.13%
SUBTOTAL	1.34%
SUBTOTAL	1.34%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	0.87%
Credit Default Swaps	0.44%
SUBTOTAL	1.31%
Common Stocks	1.30%
Quasi-Sovereigns
Quasi-Sovereign Bonds	0.90%
SUBTOTAL	0.90%
Preferred Stocks
Financial Institutions	0.53%
Industrial	0.22%
SUBTOTAL	0.75%
Local Governments - Municipal Bonds	0.40%
Governments - Sovereign Agencies	0.29%
Asset-Backed Securities
Autos - Fixed Rate	0.13%
Other ABS - Fixed Rate	0.10%
SUBTOTAL	0.23%
Bank Loans
Industrial
Basic	0.09%
Other Industrial	0.05%
Technology	0.01%
SUBTOTAL	0.15%
SUBTOTAL	0.15%
Currency Instruments
Forward Currency Exchange Contracts	0.14%
SUBTOTAL	0.14%
Investment Companies
Funds and Investment Trusts	0.06%
SUBTOTAL	0.06%
Interest Rate Swaps	-31.23%
Interest Rate Futures	-47.37%
Reverse Repurchase Agreements	-54.68%
Net Cash Equivalents
Investment Companies	4.74%
Cash	2.30%
SUBTOTAL	7.04%
Derivative Offsets
Futures Offsets	45.84%
Swaps Offsets	28.86%
SUBTOTAL	74.70%
Total	100.00%
Country Breakdown	Portfolio %
United States	93.17%
Brazil	1.00%
Canada	0.88%
Bermuda	0.79%
Mexico	0.76%
France	0.38%
Indonesia	0.29%
Luxembourg	0.29%
United Kingdom	0.28%
Germany	0.26%
Switzerland	0.24%
Spain	0.23%
India	0.20%
Italy	0.16%
Barbados	0.15%
El Salvador	0.14%
Kenya	0.10%
Dominican Republic	0.09%
Ivory Coast	0.08%
Angola	0.08%
Jamaica	0.06%
Guatemala	0.06%
Netherlands	0.06%
Ghana	0.05%
Morocco	0.04%
South Africa	0.04%
Zambia	0.04%
Norway	0.02%
Australia	0.02%
Sweden	0.02%
Peru	0.01%
Belgium	0.01%
Total	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	105.00%
New Zealand Dollar	0.05%
Brazilian Real	0.04%
Argentine Peso	0.03%
Mexican Peso	0.02%
Australian Dollar	-0.03%
Norwegian Krone	-0.03%
Great British Pound	-0.06%
Canadian Dollar	-0.50%
Singapore Dollar	-1.54%
Taiwan New Dollar	-2.98%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	58.38%
AA	0.07%
A	1.59%
BBB	8.78%
BB	8.05%
B	6.27%
CCC	1.93%
CC	0.26%
C	0.05%
D	0.36%
Not Rated	5.64%
Short Term Investments	4.74%
N/A	3.88%
Total	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-46.51%
1 to 5 years	28.30%
5 to 10 years	49.74%
10 to 20 years	58.60%
20 to 30 years	8.01%
More than 30 years	0.56%
Other	1.30%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.39%
Average Bond Price :	118.63
Percentage of Leverage (based on Gross Assets):
Bank Borrowing:	0.00%
Investment Operations:	40.63%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	40.63%
Average Maturity:	13.93 Years
Effective Duration:	5.21 Years
Total Net Assets:	$1,704.08 Million
Net Asset Value:	$7.90
Number of Holdings:	452
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.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ab-income-fund-releases-monthly-portfolio-update-300224058.html

SOURCE AB Income Fund, Inc.

Copyright 2016 PR Newswire