AB Income Fund Releases Monthly Portfolio Update

Dec 24, 2015, 13:06 ET from AB Income Fund, Inc.

NEW YORK, Dec. 24, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of November 30, 2015.

 

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

20.81%

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

18.42%

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

18.03%

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

14.72%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21

10.76%

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

7.81%

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

4.47%

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

2.98%

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

2.20%

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

2.08%

Investment Type

Portfolio %

Global Governments

107.21%

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

2.54%

Energy

2.37%

Communications - Media

1.84%

Communications - Telecommunications

0.91%

Basic

0.83%

Consumer Cyclical - Retailers

0.80%

Capital Goods

0.68%

Consumer Cyclical - Other

0.56%

Technology

0.44%

Consumer Cyclical - Automotive

0.35%

Transportation - Services

0.28%

Services

0.22%

Other Industrial

0.19%

Consumer Cyclical - Entertainment

0.10%

SUBTOTAL

12.11%

Credit Default Swaps

2.04%

SUBTOTAL

2.04%

Financial Institutions

Banking

1.36%

Other Finance

0.14%

Finance

0.08%

REITS

0.06%

SUBTOTAL

1.64%

Utility

Electric

0.74%

SUBTOTAL

0.74%

SUBTOTAL

16.53%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.73%

Non-Agency Fixed Rate

1.67%

Non-Agency Floating Rate

0.75%

Agency Fixed Rate

0.17%

SUBTOTAL

6.32%

Corporates - Investment Grade

Industrial

Communications - Telecommunications

0.74%

Energy

0.69%

Basic

0.50%

Consumer Non-Cyclical

0.33%

Capital Goods

0.31%

Technology

0.20%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.08%

SUBTOTAL

2.99%

Financial Institutions

Insurance

1.46%

Banking

0.55%

SUBTOTAL

2.01%

Utility

Electric

0.21%

SUBTOTAL

0.21%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

5.29%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.58%

Credit Default Swaps

0.73%

Non-Agency Floating Rate CMBS

0.24%

SUBTOTAL

4.55%

Agencies

Agency Debentures

4.05%

SUBTOTAL

4.05%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

1.29%

Credit Default Swaps

0.43%

SUBTOTAL

1.72%

Whole Loan Trusts

Performing Asset

1.54%

SUBTOTAL

1.54%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.45%

Capital Goods

0.38%

Basic

0.21%

Communications - Telecommunications

0.19%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.14%

SUBTOTAL

1.51%

SUBTOTAL

1.51%

Common Stocks

1.28%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.18%

SUBTOTAL

1.18%

Local Governments - Municipal Bonds

0.94%

Preferred Stocks

Financial Institutions

0.52%

Industrial

0.21%

SUBTOTAL

0.73%

Governments - Sovereign Agencies

0.48%

Bank Loans

Industrial

Basic

0.11%

Communications - Media

0.09%

Other Industrial

0.04%

Technology

0.01%

SUBTOTAL

0.25%

SUBTOTAL

0.25%

Asset-Backed Securities

Autos - Fixed Rate

0.12%

Industrial

0.10%

SUBTOTAL

0.22%

Investment Companies

Funds and Investment Trusts

0.06%

SUBTOTAL

0.06%

Interest Rate Swaps

-30.86%

Interest Rate Futures

-46.78%

Reverse Repurchase Agreements

-53.32%

Net Cash Equivalents

Investment Companies

2.65%

Cash

-0.84%

SUBTOTAL

1.81%

Derivative Offsets

Futures Offsets

46.63%

Swaps Offsets

28.66%

SUBTOTAL

75.29%

100.00%

Country Breakdown

Portfolio %

United States

90.94%

Brazil

2.16%

Mexico

1.04%

Canada

0.87%

Bermuda

0.77%

United Kingdom

0.45%

Luxembourg

0.38%

France

0.37%

Switzerland

0.30%

Indonesia

0.29%

Germany

0.26%

India

0.24%

Spain

0.23%

El Salvador

0.20%

Venezuela

0.16%

Barbados

0.15%

Jamaica

0.14%

Italy

0.11%

Dominican Republic

0.10%

Kenya

0.10%

Netherlands

0.10%

Angola

0.10%

Ivory Coast

0.08%

Guatemala

0.06%

Pakistan

0.06%

Sri Lanka

0.05%

Ghana

0.05%

Zambia

0.05%

South Africa

0.04%

Morocco

0.04%

Australia

0.03%

Norway

0.03%

Sweden

0.02%

Belgium

0.02%

Peru

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.55%

Japanese Yen

3.51%

Indian Rupee

1.00%

New Zealand Dollar

0.06%

Mexican Peso

0.02%

Norwegian Krone

-0.02%

Australian Dollar

-0.04%

Brazilian Real

-0.07%

Canadian Dollar

-0.51%

Taiwan New Dollar

-1.01%

Great British Pound

-1.05%

Singapore Dollar

-1.51%

Euro

-1.93%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

57.15%

A

1.59%

BBB

11.14%

BB

8.45%

B

7.63%

CCC

3.14%

CC

0.31%

C

0.01%

D

0.37%

Not Rated

5.97%

Short Term Investments

2.65%

N/A

1.59%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-49.31%

1 to 5 years

28.17%

5 to 10 years

51.99%

10 to 20 years

59.40%

20 to 30 years

7.73%

More than 30 years

0.74%

Other

1.28%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.67%

Average Bond Price :

117.11

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

39.95%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

39.95%

Average Maturity:

14.16 Years

Effective Duration:

5.26 Years

Total Net Assets:

$1,750.32 Million

Net Asset Value:

$8.11

Number of Holdings:

466

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.