AllianceBernstein Income Fund Releases Monthly Portfolio Update

Jun 27, 2013, 16:45 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, June 27, 2013 /PRNewswire/ -- - AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of May 31, 2013.

AllianceBernstein Income Fund, Inc.


Top 10 Fixed Income Holdings



Portfolio %

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

14.58%

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

12.51%

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

11.58%

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

7.94%

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

4.21%

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

4.01%

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

3.66%

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

2.23%

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

1.18%

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

0.97%



Fixed Income Holdings by Security Type



Portfolio %

Governments - Treasuries


     Treasuries                          

61.13%

SUBTOTAL                      

61.13%

Corporates - Non-Investment Grades


     Industrial


          Communications - Media              

1.57%

          Energy                            

1.51%

          Consumer Non-Cyclical        

1.50%

          Capital Goods                       

1.28%

          Basic                          

0.85%

          Technology                    

0.68%

          Consumer Cyclical - Automotive          

0.63%

          Consumer Cyclical - Other             

0.61%

          Consumer Cyclical - Retailers            

0.45%

          Communications - Telecommunications          

0.41%

          Services                  

0.25%

          Other Industrial              

0.17%

          Transportation - Airlines       

0.10%

          Transportation - Services                    

0.09%

          Consumer Cyclical - Entertainment         

0.03%

          Consumer Cyclical - Restaurants        

0.01%

     SUBTOTAL                                 

10.14%

     Financial Institutions


          Banking                    

0.45%

          Other Finance            

0.30%

          Brokerage                    

0.10%

          REITS                          

0.10%

     SUBTOTAL                   

0.95%

     Utility 


          Electric                  

0.73%

          Natural Gas             

0.19%

     SUBTOTAL              

0.92%

SUBTOTAL               

12.01%

Corporates - Investment Grades


     Industrial


          Communications - Telecommunications  

1.19%

          Energy                                         

0.82%

          Capital Goods                     

0.55%

          Basic                                  

0.54%

          Consumer Non-Cyclical         

0.36%

          Communications - Media        

0.30%

          Technology                            

0.24%

          Consumer Cyclical - Retailers  

0.18%

          Consumer Cyclical - Entertainment  

0.11%

          Consumer Cyclical - Other               

0.07%

          Transportation - Airlines                    

0.06%

          Transportation - Services                   

0.04%

          Consumer Cyclical - Automotive         

0.03%

     SUBTOTAL                      

4.49%

     Financial Institutions


          Banking                     

0.91%

          Insurance                    

0.89%

          REITS                           

0.44%

          Finance                          

0.10%

          Other Finance                

0.01%

     SUBTOTAL                     

2.35%

     Non Corporate Sectors


          Agencies - Not Government Guaranteed    

1.07%

     SUBTOTAL                            

1.07%

     Utility


          Electric                       

0.35%

          Natural Gas                 

0.09%

     SUBTOTAL                

0.44%

SUBTOTAL                      

8.35%

Agencies 


     Agency Subordinated                  

2.23%

     Agency Debentures                   

2.22%

SUBTOTAL                               

4.45%

Collateralized Mortgage Obligations 


     Non-Agency Fixed Rate                     

1.51%

     Non-Agency Floating Rate                    

0.71%

     Agency Fixed Rate                           

0.02%

SUBTOTAL                                 

2.24%

Bank Loans


     Industrial


          Consumer Non-Cyclical                

0.49%

          Consumer Cyclical - Retailers                 

0.27%

          Consumer Cyclical - Automotive           

0.21%

          Technology                            

0.19%

          Basic                        

0.10%

          Other Industrial            

0.09%

          Capital Goods                 

0.08%

          Consumer Cyclical - Other             

0.08%

          Consumer Cyclical - Entertainment       

0.05%

          Communications - Media                     

0.01%

          Energy                      

0.01%

     SUBTOTAL                    

1.58%

     Financial Institutions


          REITS            

0.01%

     SUBTOTAL                           

0.01%

SUBTOTAL                      

1.59%

Mortgage Pass-Throughs


     Agency Fixed Rate 30-Year               

1.08%

     Agency ARMs                         

0.44%

SUBTOTAL                            

1.52%

Emerging Markets - Sovereigns              

1.37%

Quasi-Sovereigns


     Quasi-Sovereign Bonds                   

1.16%

SUBTOTAL                                     

1.16%

Emerging Markets - Corporate Bonds


     Industrial


          Consumer Non-Cyclical                

0.38%

          Communications - Media               

0.29%

          Communications - Telecommunications          

0.16%

          Capital Goods                               

0.10%

          Transportation - Airlines                  

0.03%

     SUBTOTAL                                    

0.96%

     Financial Institutions


          Banking                     

0.15%

     SUBTOTAL                 

0.15%

SUBTOTAL                  

1.11%

Local Governments - Municipal Bonds              

0.94%

Preferred Stocks


     Financial Institutions    

0.75%

     Industrial                      

0.11%

     Non Corporate Sectors   

0.02%

SUBTOTAL                    

0.88%

Commercial Mortgage-Backed Securities


     Non-Agency Fixed Rate CMBS                 

0.80%

SUBTOTAL                                              

0.80%

Governments - Sovereign Agencies       

0.25%

Governments - Sovereign Bonds            

0.06%

Common Stocks                                   

0.03%

Options Purchased - Calls


     Options on Forward Contracts                 

0.02%

SUBTOTAL                                            

0.02%

Short-Term Investments


     Investment Companies    

2.09%

Total Fixed Income          

100.00%



Country Breakdown



Portfolio %

United States  

88.27%

Brazil               

2.31%

Russia              

1.46%

United Kingdom                

0.93%

Canada                             

0.81%

Turkey                               

0.67%

Mexico                               

0.52%

Argentina                             

0.48%

Netherlands                          

0.39%

Luxembourg                          

0.36%

Indonesia                               

0.31%

Croatia                              

0.30%

Germany                            

0.27%

Hungary                           

0.25%

Switzerland                       

0.23%

Barbados                           

0.23%

India                                   

0.22%

Colombia                             

0.21%

Venezuela                            

0.20%

Peru                                     

0.20%

El Salvador                            

0.20%

Spain                                     

0.18%

Nigeria                                    

0.15%

Belarus                                

0.13%

Portugal                                

0.13%

Norway                                  

0.12%

France                                    

0.10%

Belgium                                   

0.09%

Australia                                   

0.08%

United Arab Emirates                  

0.08%

Singapore                                   

0.07%

Jamaica                                      

0.05%

Total Investments                         

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar                     

105.96%

Mexican Peso                              

2.03%

Russian Rubles                             

0.91%

Singapore Dollar                            

0.50%

Swedish Krona                       

0.50%

Norwegian Krone                     

0.49%

New Turkish Lira                       

0.48%

Nigerian Naira                            

0.22%

Brazilian Real                             

0.10%

Euro                                           

-0.97%

Canadian Dollar                            

-2.00%

Australian Dollar                            

-2.01%

Japanese Yen                                

-2.09%

Great British Pound                         

-4.12%

Total Investments                            

100.00%





          Credit Quality Breakdown


Portfolio %

               AAA                              

66.34%

               AA                                 

0.10%

               A                                    

2.15%

               BBB                                

10.80%

               BB                                   

8.62%

               B                                      

6.94%

               CCC                                  

2.37%

               CC                                     

0.42%

               D                                       

0.10%

               Not Rated                            

0.07%

               Short Term Investments         

2.09%

               Total Investments                   

100.00%



Portfolio Statistics:


     Average Coupon:      

8.55%

     Average Bond Price :

123.10

     Percentage of Leverage:


          Bank Borrowing:             

0.00%

          Investment Operations:    

50.36%*

          Preferred Stock:               

0.00%

          Tender Option Bonds:        

0.00%

          Term Asset-Backed Loans Facility (TALF):       

0.00%

          Total Fund Leverage:                          

50.36%

     Average Maturity:                                

14.80 Years

     Effective Duration:                          

8.59 Years

     Total Net Assets:                       

$2,122.98 Million

     Net Asset Value:                        

$8.74

     Number of Holdings:                    

389

     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.