AB Income Fund Releases Monthly Portfolio Update

Aug 21, 2015, 16:06 ET from AB Income Fund, Inc.

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.

 

SOURCE AB Income Fund, Inc.