AB Income Fund Releases Monthly Portfolio Update

NEW YORK, March 28, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 29, 2016.

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.25%, 5/15/30	19.48%
2) U.S. Treasury Notes 3.625%, 2/15/21	19.30%
3) U.S. Treasury Bonds 6.375%, 8/15/27	19.24%
4) U.S. Treasury Bonds 6.50%, 11/15/26	15.68%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21	11.29%
6) U.S. Treasury Notes 3.125%, 5/15/21	6.09%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.98%
8) U.S. Treasury Bonds 8.75%, 8/15/20	3.08%
9) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20	2.31%
10) U.S. Treasury Bonds 8.00%, 11/15/21	2.17%
Investment Type	Portfolio %
Global Governments	108.78%
Corporates - Non-Investment Grade
Industrial
Energy	1.76%
Communications - Media	1.59%
Consumer Non-Cyclical	1.51%
Communications - Telecommunications	0.93%
Consumer Cyclical - Other	0.63%
Basic	0.59%
Capital Goods	0.53%
Consumer Cyclical - Retailers	0.38%
Consumer Cyclical - Automotive	0.36%
Technology	0.33%
Transportation - Services	0.24%
Other Industrial	0.20%
SUBTOTAL	9.05%
Credit Default Swaps	2.04%
SUBTOTAL	2.04%
Financial Institutions
Banking	1.20%
Other Finance	0.18%
Finance	0.06%
REITS	0.06%
SUBTOTAL	1.50%
Utility
Electric	0.46%
SUBTOTAL	0.46%
SUBTOTAL	13.05%
Collateralized Mortgage Obligations
GSE Risk Share Floating Rate	3.50%
Non-Agency Fixed Rate	1.62%
Non-Agency Floating Rate	0.39%
Agency Fixed Rate	0.08%
SUBTOTAL	5.59%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	3.23%
Credit Default Swaps	1.15%
Non-Agency Floating Rate CMBS	0.24%
SUBTOTAL	4.62%
Agencies
Agency Debentures	4.31%
SUBTOTAL	4.31%
Corporates - Investment Grade
Industrial
Communications - Telecommunications	0.68%
Consumer Non-Cyclical	0.30%
Energy	0.27%
Basic	0.19%
Technology	0.18%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.08%
Capital Goods	0.07%
SUBTOTAL	1.91%
Financial Institutions
Insurance	1.30%
Banking	0.47%
SUBTOTAL	1.77%
Utility
Electric	0.21%
SUBTOTAL	0.21%
Credit Default Swaps	0.08%
SUBTOTAL	0.08%
SUBTOTAL	3.97%
Whole Loan Trusts
Performing Asset	1.51%
SUBTOTAL	1.51%
Emerging Markets - Corporate Bonds
Industrial
Consumer Non-Cyclical	0.42%
Capital Goods	0.42%
Communications - Telecommunications	0.20%
Basic	0.15%
Consumer Cyclical - Retailers	0.14%
Transportation - Airlines	0.12%
SUBTOTAL	1.45%
SUBTOTAL	1.45%
Common Stocks	1.34%
Emerging Markets - Sovereigns
Emerging Markets - Sovereigns	0.67%
Credit Default Swaps	0.45%
SUBTOTAL	1.12%
Quasi-Sovereigns
Quasi-Sovereign Bonds	0.92%
SUBTOTAL	0.92%
Preferred Stocks
Financial Institutions	0.45%
Industrial	0.21%
SUBTOTAL	0.66%
Local Governments - Municipal Bonds	0.40%
Emerging Markets - Treasuries	0.35%
Asset-Backed Securities
Autos - Fixed Rate	0.19%
Other ABS - Fixed Rate	0.10%
SUBTOTAL	0.29%
Governments - Sovereign Agencies	0.22%
Bank Loans
Industrial
Basic	0.10%
Other Industrial	0.05%
Technology	0.01%
SUBTOTAL	0.16%
SUBTOTAL	0.16%
Investment Companies
Funds and Investment Trusts	0.06%
SUBTOTAL	0.06%
Currency Instruments
Forward Currency Exchange Contracts	-0.09%
SUBTOTAL	-0.09%
Interest Rate Swaps	-31.93%
Interest Rate Futures	-46.66%
Reverse Repurchase Agreements	-55.62%
Net Cash Equivalents
Investment Companies	8.44%
Cash	1.44%
SUBTOTAL	9.88%
Derivative Offsets
Futures Offsets	46.69%
Swaps Offsets	28.93%
SUBTOTAL	75.62%
Total	100.00%
Country Breakdown	Portfolio %
United States	93.85%
Brazil	0.99%
Canada	0.86%
Bermuda	0.79%
Mexico	0.70%
Indonesia	0.30%
Luxembourg	0.28%
Germany	0.26%
United Kingdom	0.25%
Switzerland	0.23%
France	0.22%
Spain	0.17%
Barbados	0.15%
India	0.11%
Italy	0.10%
Kenya	0.10%
Angola	0.09%
Ivory Coast	0.08%
Dominican Republic	0.08%
Guatemala	0.07%
Jamaica	0.06%
Netherlands	0.06%
Ghana	0.05%
Zambia	0.04%
South Africa	0.04%
Australia	0.03%
Sweden	0.02%
Norway	0.01%
Peru	0.01%
Total	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	103.71%
Norwegian Krone	0.99%
Mexican Peso	0.52%
Russian Rubles	0.51%
New Turkish Lira	0.50%
Argentine Peso	0.41%
New Zealand Dollar	0.05%
Japanese Yen	0.05%
Brazilian Real	0.04%
Australian Dollar	-0.02%
Great British Pound	-0.06%
Euro	-0.49%
Singapore Dollar	-1.56%
Canadian Dollar	-1.61%
Taiwan New Dollar	-3.04%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	58.94%
AA	0.07%
A	1.33%
BBB	7.27%
BB	7.01%
B	5.46%
CCC	1.84%
CC	0.26%
C	0.02%
D	0.38%
Not Rated	5.40%
Short Term Investments	8.44%
N/A	3.58%
Total	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-44.05%
1 to 5 years	46.89%
5 to 10 years	28.32%
10 to 20 years	58.58%
20 to 30 years	8.08%
More than 30 years	0.84%
Other	1.34%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	7.13%
Average Bond Price :	120.32
Percentage of Leverage (based on Gross Assets):
Bank Borrowing:	0.00%
Investment Operations:	39.91%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	39.91%
Average Maturity:	13.66 Years
Effective Duration:	5.08 Years
Total Net Assets:	$1,700.28 Million
Net Asset Value:	$7.88
Number of Holdings:	442
Portfolio Turnover:	34%
* 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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