AllianceBernstein Income Fund Releases Monthly Portfolio Update

31 Oct, 2012, 16:05 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, Oct. 31, 2012 /PRNewswire/ -- AllianceBernstein Income Fund, Inc.[NYSE: ACG] (the "Fund") today released its monthly portfolio update as of September 30, 2012.

AllianceBernstein Income Fund, Inc.

 

Top 10 Fixed Income Holdings

Portfolio %



1) U.S. Treasury Notes 2.625%, 8/15/20 - 11/15/20      

14.91%

2) U.S. Treasury Notes 1.375%, 9/30/18           

10.73%

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

6.35%

4) U.S. Treasury STRIPS  Zero Coupon, 5/15/17        

5.55%

5) U.S. Treasury Bonds 7.625%, 2/15/25       

4.07%

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

3.44%

7) Federal National Mortgage Association 3.50%, TBA    

3.23%

8) Federal Home Loan Mortgage Corp. 2.375%,  1/13/22  

2.97%

9) U.S. Treasury Notes 1.50%, 8/31/18             

2.77%

10) U.S. Treasury Notes 2.75%, 2/15/19            

2.19%

 

Fixed Income Holdings by Security Type




Portfolio %


Governments - Treasuries



     Treasuries                  

53.95%


SUBTOTAL                    

53.95%


Corporates - Investment Grades



     Industrial



          Communications - Telecommunications        

1.13%


          Energy                            

0.62%


          Capital Goods                  

0.59%


          Basic                          

0.54%


          Communications - Media             

0.44%


          Consumer Non-Cyclical             

0.40%


          Technology                      

0.27%


          Consumer Cyclical - Retailers            

0.17%


          Consumer Cyclical - Automotive         

0.12%


          Consumer Cyclical - Entertainment        

0.10%


          Other Industrial                      

0.09%


          Consumer Cyclical - Other       

0.07%


          Transportation - Airlines              

0.05%


          Transportation - Services            

0.03%


       SUBTOTAL                  

4.62%


     Financial Institutions



          Banking             

2.13%


          Insurance             

1.37%


          Finance           

0.45%


          REITS               

0.29%


          Brokerage               

0.15%


          Other Finance       

0.14%


    SUBTOTAL           

4.53%


     Non Corporate Sectors



          Agencies - Not Government Guaranteed       

1.08%


       SUBTOTAL            

1.08%


     Utility



          Electric                 

0.35%


          Natural Gas         

0.07%


     SUBTOTAL             

0.42%


SUBTOTAL                

10.65%


Corporates - Non-Investment Grades



     Industrial



          Communications - Media          

1.38%


          Capital Goods              

1.29%


          Consumer Non-Cyclical          

1.24%


          Energy      

1.10%


          Basic            

0.73%


          Consumer Cyclical - Other          

0.58%


          Consumer Cyclical - Retailers        

0.55%


          Technology         

0.51%


          Communications - Telecommunications    

0.44%


          Consumer Cyclical - Automotive      

0.35%


          Services    

0.16%


          Transportation - Airlines        

0.11%


          Consumer Cyclical - Restaurants     

0.07%


          Other Industrial             

0.07%


          Consumer Cyclical - Entertainment       

0.03%


       SUBTOTAL             

8.61%


      Utility



          Electric                  

0.88%


          Natural Gas             

0.17%


       SUBTOTAL           

1.05%


     Financial Institutions



          Banking             

0.42%


          REITS                   

0.20%


          Other Finance           

0.14%


          Finance                   

0.13%


         SUBTOTAL              

0.89%


      SUBTOTAL               

10.55%


     Agencies



          Agency Debentures           

3.70%


          Agency Subordinated          

2.97%


       SUBTOTAL                           

6.67%


     Mortgage Pass-Throughs 



          Agency Fixed Rate 30-Year            

5.55%


          Agency ARMs           

0.43%


       SUBTOTAL             

5.98%


     Quasi-Sovereigns



          Quasi-Sovereign Bonds            

2.68%


     SUBTOTAL                       

2.68%


     Emerging Markets - Corporate Bonds



          Industrial 



               Consumer Cyclical - Other          

0.30%


               Basic                   

0.26%


               Communications - Telecommunications        

0.26%


               Communications - Media           

0.18%


               Consumer Non-Cyclical          

0.13%


               Other Industrial              

0.10%


       SUBTOTAL               

1.23%


     Utility 



          Natural Gas              

0.06%


          Electric                 

0.04%


       SUBTOTAL              

0.10%


     Financial Institutions 



          Other Finance             

0.01%


            SUBTOTAL                   

0.01%


SUBTOTAL               

1.34%


Bank Loans



     Industrial



          Consumer Non-Cyclical             

0.25%


          Consumer Cyclical - Automotive       

0.24%


          Basic                   

0.13%


          Consumer Cyclical - Other          

0.10%


          Capital Goods        

0.09%


          Technology           

0.09%


          Communications - Media           

0.08%


          Other Industrial           

0.07%


          Services               

0.07%


          Consumer Cyclical - Retailers      

0.03%


          Consumer Cyclical - Entertainment       

0.02%


          Energy                  

0.01%


       SUBTOTAL                 

1.18%


     Financial Institutions 



          Finance                      

0.08%


       SUBTOTAL              

0.08%


     Utility 



          Electric                  

0.05%


       SUBTOTAL             

0.05%


SUBTOTAL             

1.31%


Commercial Mortgage-Backed Securities



     Non-Agency Fixed Rate CMBS           

0.76%


     Non-Agency Floating Rate CMBS           

0.18%


SUBTOTAL                         

0.94%


Emerging Markets - Sovereigns              

0.94%


Governments - Sovereign Bonds            

0.93%


Preferred Stocks 



     Financial Institutions           

0.45%


SUBTOTAL                

0.45%


Local Governments - Municipal Bonds              

0.34%


Collateralized Mortgage Obligations 



     Non-Agency Floating Rate               

0.24%


SUBTOTAL                   

0.24%


Governments - Sovereign Agencies            

0.11%


Common Stocks              

0.03%


     Options Purchased - Puts 



     Options on Forward Contracts           

0.01%


Swaptions               

0.01%


SUBTOTAL                  

0.02%


Short-Term Investments 



     Agency Discount Notes           

2.05%


     Investment Companies             

0.82%


Total Fixed Income                

100.00%


 

 

Country Breakdown



Portfolio %

United States                    

87.04%

Russia                   

2.15%

Brazil                  

2.01%

United Kingdom              

0.86%

Kazakhstan                 

0.75%

Canada            

0.66%

Mexico                

0.64%

Argentina            

0.48%

Croatia                

0.45%

Netherlands              

0.44%

India                   

0.36%

Germany               

0.33%

Luxembourg               

0.32%

Indonesia            

0.30%

Peru                  

0.28%

Lithuania           

0.24%

El Salvador            

0.21%

France             

0.21%

Switzerland                

0.21%

Colombia                  

0.20%

United Arab Emirates         

0.20%

Romania              

0.18%

Venezuela            

0.17%

Hungary          

0.16%

South Africa        

0.15%

Spain           

0.14%

Barbados       

0.13%

Norway          

0.11%

Portugal         

0.11%

Belarus           

0.11%

Hong Kong         

0.09%

Ireland                    

0.09%

China                   

0.08%

Australia                   

0.06%

Japan                 

0.04%

Ukraine                    

0.04%

Total Investments            

100.00%

 

Net Currency Exposure Breakdown



Portfolio %

United States Dollar                  

104.86%

Mexican Peso                        

1.01%

South Korean Won                    

0.49%

Russian Rubles                    

0.39%

Brazilian Real                      

0.03%

Great British Pound                

0.02%

Canadian Dollar                

-1.00%

Japanese Yen             

-2.83%

Euro                           

-2.97%

Total Investments                 

100.00%

 

Credit Quality Breakdown



Portfolio %

AAA                           

66.64%

AA                        

0.91%

A                              

3.93%

BBB                           

12.34%

BB                            

8.13%

B                 

4.36%

CCC                   

0.38%

CC                         

0.05%

Not Rated               

0.39%

Short Term Investments          

2.87%

Total Investments              

100.00%

 

 

Portfolio Statistics:


Average Coupon:                     

6.85%

Average Bond Price :            

                          N/A 

Percentage of Leverage:


     Bank Borrowing:          

0.00%

     Investment Operations:     

                        46.45%*

     Preferred Stock:                 

0.00%

     Tender Option Bonds:            

0.00%

     Term Asset-Backed Loans Facility (TALF):     

0.00%

     Total Fund Leverage:                

46.45%

Average Maturity:                  

               11.50 Years 

Effective Duration:                  

              7.08 Years 

Total Net Assets:             

              $2,289.32 Million 

Net Asset Value:                

$9.42

Number of Holdings:                   

396

Portfolio Turnover:                           

67%

* 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 AllianceBernstein Income Fund, Inc.