AB Income Fund Releases Monthly Portfolio Update

23 Nov, 2015, 16:06 ET from AB Income Fund, Inc.

NEW YORK, Nov. 23, 2015 /PRNewswire/ -- AB Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of October 31, 2015.

AB Income Fund, Inc.




Top 10 Fixed Income Holdings

Portfolio %

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

20.96%

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

20.76%

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

18.37%

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

14.70%

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

8.72%

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

5.78%

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

4.48%

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

2.98%

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

2.18%

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

2.07%



Investment Type

Portfolio %

Global Governments

105.89%

Corporates - Non-Investment Grade


Industrial


Consumer Non-Cyclical

2.34%

Energy

2.28%

Communications - Media

1.77%

Basic

0.90%

Communications - Telecommunications

0.86%

Consumer Cyclical - Retailers

0.81%

Capital Goods

0.67%

Consumer Cyclical - Other

0.56%

Technology

0.43%

Consumer Cyclical - Automotive

0.35%

Transportation - Services

0.23%

Services

0.22%

Other Industrial

0.19%

Consumer Cyclical - Entertainment

0.10%

SUBTOTAL

11.71%

Credit Default Swaps

2.04%

SUBTOTAL

2.04%

Financial Institutions


Banking

1.31%

Other Finance

0.13%

Finance

0.08%

REITS

0.06%

SUBTOTAL

1.58%

Utility


Electric

0.75%

SUBTOTAL

0.75%

SUBTOTAL

16.08%

Collateralized Mortgage Obligations


GSE Risk Share Floating Rate

3.65%

Non-Agency Fixed Rate

1.68%

Non-Agency Floating Rate

0.64%

Agency Fixed Rate

0.13%

SUBTOTAL

6.10%

Corporates - Investment Grade


Industrial


Communications - Telecommunications

0.73%

Energy

0.56%

Basic

0.52%

Consumer Non-Cyclical

0.33%

Capital Goods

0.30%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.08%

Transportation - Services

0.07%

SUBTOTAL

2.73%

Financial Institutions


Insurance

1.46%

Banking

0.53%

SUBTOTAL

1.99%

Utility


Electric

0.20%

SUBTOTAL

0.20%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

5.00%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

3.39%

Credit Default Swaps

0.73%

Non-Agency Floating Rate CMBS

0.23%

SUBTOTAL

4.35%

Agencies


Agency Debentures

4.04%

SUBTOTAL

4.04%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.44%

Capital Goods

0.38%

Basic

0.22%

Communications - Telecommunications

0.19%

Consumer Cyclical - Retailers

0.13%

Transportation - Airlines

0.13%

SUBTOTAL

1.49%

SUBTOTAL

1.49%

Emerging Markets - Sovereigns


Emerging Markets - Sovereigns

0.98%

Credit Default Swaps

0.43%

SUBTOTAL

1.41%

Whole Loan Trusts


Performing Asset

1.40%

SUBTOTAL

1.40%

Common Stocks

1.25%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.18%

SUBTOTAL

1.18%

Local Governments - Municipal Bonds

0.93%

Preferred Stocks


Financial Institutions

0.52%

Industrial

0.21%

SUBTOTAL

0.73%

Governments - Sovereign Agencies

0.48%

Bank Loans


Industrial


Basic

0.11%

Consumer Non-Cyclical

0.11%

Energy

0.10%

Communications - Media

0.09%

Other Industrial

0.05%

Technology

0.01%

SUBTOTAL

0.47%

SUBTOTAL

0.47%

Investment Companies


Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Asset-Backed Securities


Autos - Fixed Rate

0.12%

SUBTOTAL

0.12%

Currency Instruments


Forward Currency Exchange Contracts

-0.17%

SUBTOTAL

-0.17%

Interest Rate Swaps - SIFMA

-34.38%

Interest Rate Futures

-47.97%

Reverse Repurchase Agreements

-53.07%

Net Cash Equivalents


Investment Companies

3.18%

Cash

1.56%

Foreign Currency

0.01%

SUBTOTAL

4.75%

Derivative Offsets


Futures Offsets

48.00%

Swaps Offsets

31.76%

SUBTOTAL

79.76%


100.00%



Country Breakdown

Portfolio %

United States

90.96%

Brazil

2.16%

Mexico

1.07%

Canada

0.90%

Bermuda

0.77%

France

0.45%

United Kingdom

0.42%

Luxembourg

0.40%

Switzerland

0.30%

Indonesia

0.30%

Germany

0.26%

India

0.25%

Spain

0.22%

El Salvador

0.20%

Venezuela

0.16%

Barbados

0.15%

Jamaica

0.14%

Italy

0.11%

Dominican Republic

0.11%

Netherlands

0.10%

Ivory Coast

0.08%

Pakistan

0.07%

Ghana

0.06%

Guatemala

0.06%

Sri Lanka

0.05%

Zambia

0.05%

Belgium

0.04%

South Africa

0.04%

Morocco

0.04%

Australia

0.03%

Sweden

0.02%

Norway

0.02%

Peru

0.01%


100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

102.83%

Japanese Yen

2.52%

Indian Rupee

1.00%

New Zealand Dollar

0.06%

Mexican Peso

0.02%

Great British Pound

-0.02%

Norwegian Krone

-0.03%

Brazilian Real

-0.07%

Australian Dollar

-0.49%

Taiwan New Dollar

-1.00%

Euro

-1.85%

Singapore Dollar

-2.97%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

56.88%

A

1.62%

BBB

10.59%

BB

7.80%

B

7.54%

CCC

3.18%

CC

0.32%

D

0.38%

Not Rated

5.48%

Short Term Investments

3.18%

N/A

3.03%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

-46.20%

1 to 5 years

29.45%

5 to 10 years

45.46%

10 to 20 years

61.80%

20 to 30 years

7.42%

More than 30 years

0.82%

Other

1.25%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.69%

Average Bond Price :

119.09

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

38.17%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

38.17%

Average Maturity:

14.32 Years

Effective Duration:

5.11 Years

Total Net Assets:

$1,768.34 Million

Net Asset Value:

$8.19

Number of Holdings:

460

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.