AllianceBernstein Income Fund Releases Monthly Portfolio Update

May 28, 2013, 16:06 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, May 28, 2013 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of April 30, 2013.

 

AllianceBernstein Income Fund, Inc.



Top 10 Fixed Income Holdings



Portfolio %

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

14.80%

     2) U.S. Treasury Bonds 6.625%, 2/15/27 

12.92%

     3) U.S. Treasury Bonds 6.875%, 8/15/25 

11.91%

     4) U.S. Treasury Bonds 6.125%, 11/15/27 

8.22%

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

4.32%

     6) U.S. Treasury Notes 1.625%, 8/15/22 

4.11%

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

3.72%

     8) Federal National Mortgage Association 5.375%, 6/12/17 

2.23%

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

1.19%

     10) U.S. Treasury Bonds 6.25%, 8/15/23      

0.99%



Fixed Income Holdings by Security Type



Portfolio %

Governments - Treasuries


     Treasuries                          

62.75%

SUBTOTAL                         

62.75%

     Corporates - Non-Investment Grades


     Industrial


          Communications - Media                

1.58%

          Consumer Non-Cyclical                   

1.47%

          Energy                                            

1.45%

          Capital Goods                                   

1.27%

          Basic                                          

0.75%

          Technology                                   

0.69%

          Consumer Cyclical - Other                

0.61%

          Consumer Cyclical - Automotive         

0.59%

          Consumer Cyclical - Retailers             

0.44%

          Communications - Telecommunications 

0.41%

          Services                                        

0.25%

          Transportation - Airlines              

0.10%

          Other Industrial                       

0.05%

          Consumer Cyclical - Entertainment         

0.03%

          Consumer Cyclical - Restaurants             

0.01%

     SUBTOTAL                                              

9.70%

     Utility


          Electric                           

0.73%

          Natural Gas                      

0.19%

     SUBTOTAL                       

0.92%

     Financial Institutions


          Banking                            

0.34%

          Other Finance                    

0.30%

          Brokerage                            

0.10%

          REITS                                  

0.10%

     SUBTOTAL                           

0.84%

SUBTOTAL                            

11.46%

Corporates - Investment Grades


     Industrial


          Communications - Telecommunications       

1.20%

          Energy                        

0.83%

          Basic                           

0.56%

          Capital Goods                

0.56%

          Consumer Non-Cyclical   

0.38%

          Communications - Media  

0.31%

          Technology                      

0.25%

          Consumer Cyclical - Retailers  

0.18%

          Consumer Cyclical - Other        

0.14%

          Consumer Cyclical - Entertainment  

0.11%

          Transportation - Airlines                   

0.06%

          Transportation - Services                 

0.04%

          Consumer Cyclical - Automotive       

0.03%

     SUBTOTAL                                     

4.65%

     Financial Institutions


          Insurance                             

0.92%

          Banking                                

0.82%

          REITS                                   

0.44%

          Finance                                  

0.10%

          Other Finance                           

0.01%

     SUBTOTAL                                

2.29%

     Non Corporate Sectors


          Agencies - Not Government Guaranteed      

1.09%

     SUBTOTAL                     

1.09%

     Utility


          Electric               

0.36%

          Natural Gas          

0.09%

     SUBTOTAL           

0.45%

SUBTOTAL            

8.48%

Agencies


     Agency Debentures                    

2.27%

     Agency Subordinated                  

2.23%

SUBTOTAL                                 

4.50%

Collateralized Mortgage Obligations


     Non-Agency Fixed Rate                         

1.41%

     Non-Agency Floating Rate           

0.80%

SUBTOTAL                                 

2.21%

Mortgage Pass-Throughs


     Agency Fixed Rate 30-Year                

1.25%

     Agency ARMs                                    

0.44%

SUBTOTAL                                         

1.69%

Bank Loans


     Industrial


          Consumer Non-Cyclical                   

0.38%

          Consumer Cyclical - Automotive        

0.21%

          Consumer Cyclical - Retailers            

0.14%

          Other Industrial                                  

0.13%

          Technology                                        

0.12%

          Basic                                     

0.09%

          Capital Goods                          

0.08%

          Consumer Cyclical - Other         

0.08%

          Services                                    

0.08%

          Communications - Media             

0.05%

          Consumer Cyclical - Entertainment           

0.05%

          Energy                               

0.01%

     SUBTOTAL                         

1.42%

     Financial Institutions


          REITS                       

0.01%

     SUBTOTAL                

0.01%

SUBTOTAL                 

1.43%

Emerging Markets - Sovereigns             

1.38%

Emerging Markets - Corporate Bonds


     Industrial


          Consumer Non-Cyclical                       

0.38%

          Communications - Media                      

0.28%

          Basic                                  

0.24%

          Communications - Telecommunications        

0.16%

          Capital Goods                                     

0.09%

          Transportation - Airlines                   

0.03%

     SUBTOTAL                                     

1.18%

     Financial Institutions


          Banking                     

0.14%

     SUBTOTAL                    

0.14%

SUBTOTAL                     

1.32%

Quasi-Sovereigns


     Quasi-Sovereign Bonds                              

1.21%

SUBTOTAL                                                

1.21%

Local Governments - Municipal Bonds           

1.04%

Preferred Stocks


     Financial Institutions              

0.74%

     Industrial                                

0.11%

     Non Corporate Sectors             

0.02%

SUBTOTAL                              

0.87%

Commercial Mortgage-Backed Securities


     Non-Agency Fixed Rate CMBS                         

0.80%

SUBTOTAL                                      

0.80%

Governments - Sovereign Agencies              

0.24%

Governments - Sovereign Bonds                   

0.07%

Common Stocks                                         

0.03%

Short-Term Investments


     Investment Companies    

0.52%

Total Fixed Income          

100.00%



Country Breakdown



Portfolio %

United States                        

88.24%

Brazil                                    

2.35%

Russia                                   

1.48%

United Kingdom                       

0.90%

Canada                                    

0.81%

Turkey                                      

0.71%

Mexico                                    

0.54%

Argentina                                  

0.47%

Netherlands                               

0.39%

India                                          

0.36%

Luxembourg                                

0.36%

Indonesia                                     

0.33%

Croatia                                         

0.31%

Germany                                            

0.28%

Hungary                                              

0.26%

Barbados                                             

0.23%

El Salvador                                            

0.22%

Peru                                               

0.21%

Venezuela                                       

0.21%

Colombia                                          

0.21%

Spain                                                

0.18%

Switzerland                                        

0.17%

Nigeria                                                

0.14%

Portugal                                               

0.13%

Belarus                                                 

0.13%

Norway                                                  

0.12%

United Arab Emirates                               

0.08%

Australia                                               

0.07%

France                                                   

0.06%

Jamaica                                                  

0.05%

Total Investments                                      

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar                          

105.75%

Mexican Peso                                  

2.07%

Russian Rubles                                 

0.91%

New Turkish Lira                                 

0.51%

Singapore Dollar                                  

0.49%

Norwegian Krone                                  

0.49%

Swedish Krona                                 

0.49%

Nigerian Naira                                   

0.21%

Brazilian Real                                    

0.10%

Euro                                    

-0.91%

Canadian Dollar                     

-1.99%

Japanese Yen                        

-4.04%

Great British Pound                 

-4.08%

Total Investments                     

100.00%



          Credit Quality Breakdown



Portfolio %

               AAA                             

68.08%

               AA                                

0.10%

               A                                   

2.10%

               BBB                               

11.09%

               BB                                  

8.72%

               B                                     

6.64%

               CCC                                 

2.21%

               CC                                    

0.41%

               D                                       

0.10%

               Not Rated                            

0.03%

               Short Term Investments            

0.52%

               Total Investments                      

100.00%



Portfolio Statistics:


     Average Coupon:     

8.73%

     Average Bond Price :   

127.77

     Percentage of Leverage:


          Bank Borrowing:              

0.00%

          Investment Operations:     

48.96%*

          Preferred Stock:                

0.00%

          Tender Option Bonds:            

0.00%

          Term Asset-Backed Loans Facility (TALF):   

0.00%

          Total Fund Leverage:              

48.96%

     Average Maturity:                    

14.62 Years

     Effective Duration:                    

8.73 Years

     Total Net Assets:                      

$2,197.90 Million

     Net Asset Value:                         

$9.05

     Number of Holdings:                     

382

     Portfolio Turnover:                         

58%

 

* 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.