AB Income Fund Releases Monthly Portfolio Update

NEW YORK, April 25, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of March 31, 2016.

 

AB Income Fund, Inc.
Top 10 Fixed Income Holdings	Portfolio %
1) U.S. Treasury Bonds 6.25%, 5/15/30	19.22%
2) U.S. Treasury Notes 3.625%, 2/15/21	19.05%
3) U.S. Treasury Bonds 6.375%, 8/15/27	18.92%
4) U.S. Treasury Bonds 6.50%, 11/15/26	15.41%
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21	11.16%
6) U.S. Treasury Notes 3.125%, 5/15/21	6.02%
7) U.S. Treasury Bonds 3.125%, 8/15/44	4.51%
8) U.S. Treasury Notes 0.75%, 2/28/18	3.89%
9) U.S. Treasury Bonds 8.75%, 8/15/20	3.03%
10) U.S. Treasury Bonds 8.00%, 11/15/21	2.13%
Investment Type	Portfolio %
Global Governments	110.72%
Corporates - Non-Investment Grade
Industrial
Communications - Media	1.10%
Energy	1.09%
Consumer Non-Cyclical	0.74%
Communications - Telecommunications	0.70%
Consumer Cyclical - Automotive	0.35%
Technology	0.25%
Transportation - Services	0.25%
Capital Goods	0.24%
Basic	0.21%
Consumer Cyclical - Other	0.21%
Consumer Cyclical - Retailers	0.17%
Other Industrial	0.10%
SUBTOTAL	5.41%
Credit Default Swaps	2.07%
SUBTOTAL	2.07%
Financial Institutions
Banking	0.80%
Other Finance	0.18%
Finance	0.06%
SUBTOTAL	1.04%
Utility
Electric	0.21%
SUBTOTAL	0.21%
SUBTOTAL	8.73%
Collateralized Mortgage Obligations
Risk Share Floating Rate	4.28%
Non-Agency Fixed Rate	1.57%
Agency Fixed Rate	0.07%
Non-Agency Floating Rate	0.04%
SUBTOTAL	5.96%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	3.34%
Credit Default Swaps	1.21%
Non-Agency Floating Rate CMBS	0.24%
SUBTOTAL	4.79%
Corporates - Investment Grade
Financial Institutions
Insurance	1.28%
Banking	0.48%
SUBTOTAL	1.76%
Industrial
Communications - Telecommunications	0.44%
Consumer Non-Cyclical	0.30%
Energy	0.28%
Basic	0.22%
Technology	0.21%
Transportation - Airlines	0.08%
Capital Goods	0.07%
SUBTOTAL	1.60%
Utility
Electric	0.22%
SUBTOTAL	0.22%
Credit Default Swaps	0.08%
SUBTOTAL	0.08%
SUBTOTAL	3.66%
Agencies
Agency Debentures	3.33%
SUBTOTAL	3.33%
Whole Loan Trusts
Performing Asset	1.44%
SUBTOTAL	1.44%
Common Stocks	1.31%
Quasi-Sovereigns
Quasi-Sovereign Bonds	0.98%
SUBTOTAL	0.98%
Emerging Markets - Corporate Bonds
Industrial
Capital Goods	0.34%
Consumer Non-Cyclical	0.28%
Transportation - Airlines	0.07%
Basic	0.06%
Communications - Telecommunications	0.06%
SUBTOTAL	0.81%
SUBTOTAL	0.81%
Emerging Markets - Sovereigns	0.70%
Emerging Markets - Treasuries	0.43%
Local Governments - Municipal Bonds	0.39%
Asset-Backed Securities
Autos - Fixed Rate	0.19%
Other ABS - Fixed Rate	0.10%
SUBTOTAL	0.29%
Preferred Stocks
Financial Institutions	0.28%
SUBTOTAL	0.28%
Governments - Sovereign Agencies	0.24%
Investment Companies
Funds and Investment Trusts	0.06%
SUBTOTAL	0.06%
Bank Loans
Industrial
Basic	0.04%
SUBTOTAL	0.04%
SUBTOTAL	0.04%
Put Options Written	-0.01%
Currency Instruments
Forward Currency Exchange Contracts	-0.22%
SUBTOTAL	-0.22%
Interest Rate Swaps	-32.86%
Interest Rate Futures	-45.89%
Reverse Repurchase Agreements	-54.57%
Net Cash Equivalents
Investment Companies	10.51%
Cash	3.85%
Foreign Currency	0.03%
SUBTOTAL	14.39%
Derivative Offsets
Futures Offsets	46.01%
Swaps Offsets	28.99%
SUBTOTAL	75.00%
Total	100.00%
Country Breakdown	Portfolio %
United States	95.14%
Brazil	0.96%
Bermuda	0.79%
Mexico	0.60%
Canada	0.52%
Indonesia	0.32%
Germany	0.27%
United Kingdom	0.25%
Luxembourg	0.17%
France	0.16%
Kenya	0.10%
Ivory Coast	0.09%
Angola	0.09%
Dominican Republic	0.08%
Barbados	0.08%
Switzerland	0.08%
Zambia	0.05%
Italy	0.05%
Ghana	0.05%
Jamaica	0.04%
South Africa	0.04%
Netherlands	0.03%
Sweden	0.02%
Norway	0.01%
Peru	0.01%
Total Investments	100.00%
Net Currency Exposure Breakdown	Portfolio %
United States Dollar	107.92%
Norwegian Krone	1.04%
Russian Rubles	0.81%
New Turkish Lira	0.76%
Mexican Peso	0.54%
Brazilian Real	0.50%
Argentine Peso	0.46%
New Zealand Dollar	0.09%
Polish Zloty	-0.01%
Great British Pound	-1.05%
Australian Dollar	-1.10%
Euro	-1.61%
Singapore Dollar	-1.61%
Taiwan New Dollar	-3.11%
Canadian Dollar	-3.63%
Total Net Assets	100.00%
Credit Rating	Portfolio %
AAA	60.93%
AA	0.07%
A	1.41%
BBB	6.43%
BB	4.88%
B	3.78%
CCC	1.62%
CC	0.29%
C	0.01%
D	0.37%
Not Rated	5.64%
Short Term Investments	10.51%
N/A	4.06%
Total	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	-39.72%
1 to 5 years	46.91%
5 to 10 years	25.54%
10 to 20 years	57.91%
20 to 30 years	7.20%
More than 30 years	0.85%
Other	1.31%
Total Net Assets	100.00%
Portfolio Statistics:
Average Coupon:	6.78%
Average Bond Price :	121.49
Percentage of Leverage (based on Gross Assets):
Bank Borrowing:	0.00%
Investment Operations:	44.36%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
VMTP Shares:	0.00%
Total Fund Leverage:	44.36%
Average Maturity:	13.18 Years
Effective Duration:	4.86 Years
Total Net Assets:	$1,723.35 Million
Net Asset Value:	$7.98
Number of Holdings:	415
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.

Copyright 2016 PR Newswire