AB Income Fund Releases Monthly Portfolio Update

Nov 06, 2015, 14:08 ET from AB Income Fund, Inc.

NEW YORK, Nov. 6, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") is rereleasing its monthly portfolio update as of September 30, 2015, previously released on October 26, 2015, to revise certain information relating to its leverage levels. The revised information may be found below under the heading "Percentage of Leverage".

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 6.375%, 8/15/27

21.17%

2) U.S. Treasury Bonds 6.25%, 5/15/30

21.00%

3) U.S. Treasury Notes 3.625%, 2/15/21

18.50%

4) U.S. Treasury Bonds 6.50%, 11/15/26

14.83%

5) U.S. Treasury Notes 2.125%, 8/31/20

8.77%

6) U.S. Treasury Notes 3.125%, 5/15/21

5.82%

7) U.S. Treasury Bonds 3.125%, 8/15/44

4.52%

8) U.S. Treasury Bonds 8.75%, 8/15/20

3.01%

9) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20

2.19%

10) U.S. Treasury Bonds 8.00%, 11/15/21

2.09%

Investment Type

Portfolio %

Global Governments

106.76%

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

2.03%

Energy

1.92%

Communications - Media

1.72%

Communications - Telecommunications

0.76%

Basic

0.74%

Capital Goods

0.65%

Consumer Cyclical - Retailers

0.63%

Consumer Cyclical - Other

0.45%

Technology

0.42%

Consumer Cyclical - Automotive

0.35%

Transportation - Services

0.34%

Services

0.21%

Other Industrial

0.19%

Consumer Cyclical - Entertainment

0.09%

SUBTOTAL

10.50%

Credit Default Swaps

2.00%

SUBTOTAL

2.00%

Financial Institutions

Banking

1.29%

Other Finance

0.12%

Finance

0.09%

REITS

0.06%

SUBTOTAL

1.56%

Utility

Electric

0.78%

SUBTOTAL

0.78%

SUBTOTAL

14.84%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.55%

Non-Agency Fixed Rate

1.70%

Non-Agency Floating Rate

0.65%

Agency Fixed Rate

0.15%

SUBTOTAL

6.05%

Corporates - Investment Grade

Industrial

Communications - Telecommunications

0.70%

Basic

0.63%

Energy

0.43%

Consumer Non-Cyclical

0.33%

Capital Goods

0.27%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.08%

SUBTOTAL

2.58%

Financial Institutions

Insurance

1.46%

Banking

0.53%

SUBTOTAL

1.99%

Utility

Electric

0.21%

SUBTOTAL

0.21%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

4.86%

Agencies

Agency Debentures

4.03%

SUBTOTAL

4.03%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.10%

Non-Agency Floating Rate CMBS

0.23%

Credit Default Swaps

0.22%

SUBTOTAL

3.55%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.47%

Capital Goods

0.37%

Communications - Telecommunications

0.21%

Basic

0.20%

Transportation - Airlines

0.14%

Consumer Cyclical - Retailers

0.13%

SUBTOTAL

1.52%

SUBTOTAL

1.52%

Whole Loan Trusts

Performing Asset

1.39%

SUBTOTAL

1.39%

Common Stocks

1.23%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.09%

SUBTOTAL

1.09%

Local Governments - Municipal Bonds

0.90%

Emerging Markets - Sovereigns

0.88%

Preferred Stocks

Financial Institutions

0.51%

Industrial

0.20%

SUBTOTAL

0.71%

Bank Loans

Industrial

Basic

0.12%

Consumer Non-Cyclical

0.11%

Energy

0.10%

Communications - Media

0.08%

Other Industrial

0.05%

Technology

0.01%

SUBTOTAL

0.47%

SUBTOTAL

0.47%

Governments - Sovereign Agencies

0.45%

Currency Instruments

Forward Currency Exchange Contracts

0.29%

SUBTOTAL

0.29%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Asset-Backed Securities

Autos - Fixed Rate

0.12%

SUBTOTAL

0.12%

Put Options Written

-0.01%

Interest Rate Swaps - SIFMA

-35.61%

Interest Rate Futures

-47.91%

Reverse Repurchase Agreements

-52.53%

Net Cash Equivalents

Investment Companies

3.14%

Cash

1.56%

Foreign Currency

-0.01%

SUBTOTAL

4.69%

Derivative Offsets

Futures Offsets

47.62%

Swaps Offsets

34.45%

SUBTOTAL

82.07%

100.00%

Country Breakdown

Portfolio %

United States

91.13%

Brazil

2.11%

Mexico

1.04%

Canada

0.89%

Bermuda

0.77%

France

0.45%

United Kingdom

0.41%

Luxembourg

0.40%

Switzerland

0.30%

Indonesia

0.29%

Germany

0.26%

India

0.24%

Spain

0.22%

El Salvador

0.20%

Barbados

0.15%

Jamaica

0.14%

Venezuela

0.13%

Dominican Republic

0.11%

Italy

0.11%

Netherlands

0.10%

Guatemala

0.08%

Ivory Coast

0.08%

Belgium

0.07%

Pakistan

0.07%

Zambia

0.05%

Sri Lanka

0.05%

South Africa

0.04%

Morocco

0.04%

Australia

0.03%

Sweden

0.02%

Peru

0.01%

Norway

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.37%

Japanese Yen

3.02%

New Zealand Dollar

0.05%

Mexican Peso

0.02%

Indonesian Rupiah

0.01%

Malaysian Ringgit

0.01%

Australian Dollar

0.01%

Great British Pound

-0.02%

Norwegian Krone

-0.03%

Brazilian Real

-0.09%

Taiwan New Dollar

-0.48%

Euro

-1.87%

Singapore Dollar

-2.00%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

58.11%

A

1.58%

BBB

10.22%

BB

7.02%

B

7.17%

CCC

2.92%

CC

0.33%

D

0.38%

Not Rated

5.14%

Short Term Investments

3.14%

N/A

3.99%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-45.60%

1 to 5 years

28.52%

5 to 10 years

45.55%

10 to 20 years

61.93%

20 to 30 years

7.42%

More than 30 years

0.95%

Other

1.23%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.56%

Average Bond Price :

120.18

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

38.24%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

38.24%*

Average Maturity:

14.46 Years

Effective Duration:

4.91 Years

Total Net Assets:

$1,769.06 Million

Net Asset Value:

$8.20

Number of Holdings:

445

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.