AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 24, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of January 31, 2014.
AllianceBernstein Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
|
Portfolio % |
|
1) U.S. Treasury Bonds 6.00%, 2/15/26 |
21.90% |
2) U.S. Treasury Bonds 6.375%, 8/15/27 |
17.83% |
3) U.S. Treasury Notes 3.625%, 2/15/21 |
16.22% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 |
12.60% |
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21 |
9.99% |
6) U.S. Treasury Notes 3.125%, 5/15/21 |
5.05% |
7) U.S. Treasury Notes 2.625%, 11/15/20 |
3.48% |
8) Federal National Mortgage Association 5.375%, 6/12/17 |
3.39% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 |
1.79% |
10) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 |
1.04% |
Investment Type |
|
Portfolio % |
|
Global Governments |
33.46% |
Corporates - Non-Investment Grades |
|
Industrial |
|
Communications - Media |
2.70% |
Energy |
1.68% |
Consumer Non-Cyclical |
1.52% |
Capital Goods |
1.25% |
Basic |
0.91% |
Consumer Cyclical - Retailers |
0.69% |
Technology |
0.69% |
Communications - Telecommunications |
0.68% |
Consumer Cyclical - Other |
0.67% |
Services |
0.37% |
Consumer Cyclical - Automotive |
0.27% |
Other Industrial |
0.19% |
Transportation - Services |
0.14% |
Consumer Cyclical - Entertainment |
0.05% |
Page 18 of 23 |
|
SUBTOTAL |
11.81% |
Credit Default Swaps |
3.46% |
Financial Institutions |
|
Banking |
0.86% |
Finance |
0.44% |
Other Finance |
0.27% |
REITS |
0.15% |
Insurance |
0.13% |
SUBTOTAL |
1.85% |
Utility |
|
Electric |
1.01% |
Natural Gas |
0.33% |
SUBTOTAL |
1.34% |
SUBTOTAL |
18.46% |
Corporates - Investment Grades |
|
Industrial |
|
Communications - Telecommunications |
1.63% |
Basic |
0.86% |
Capital Goods |
0.82% |
Energy |
0.65% |
Consumer Non-Cyclical |
0.53% |
Communications - Media |
0.50% |
Consumer Cyclical - Retailers |
0.27% |
Technology |
0.25% |
Consumer Cyclical - Entertainment |
0.17% |
Consumer Cyclical - Other |
0.11% |
Transportation - Airlines |
0.08% |
Transportation - Services |
0.06% |
Consumer Cyclical - Automotive |
0.04% |
SUBTOTAL |
5.97% |
Financial Institutions |
|
Insurance |
1.23% |
Banking |
0.97% |
REITS |
0.57% |
Finance |
0.15% |
Other Finance |
0.02% |
SUBTOTAL |
2.94% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
1.39% |
SUBTOTAL |
1.39% |
Utility |
|
Electric |
0.12% |
SUBTOTAL |
0.12% |
Credit Default Swaps |
-0.13% |
SUBTOTAL |
10.29% |
Agencies |
|
Agency Subordinated |
3.40% |
Agency Debentures |
3.30% |
SUBTOTAL |
6.70% |
Collateralized Mortgage Obligations |
|
Non-Agency Fixed Rate |
2.04% |
Page 19 of 23 |
|
Non-Agency Floating Rate |
1.57% |
SUBTOTAL |
3.61% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.62% |
Communications - Telecommunications |
0.41% |
Capital Goods |
0.34% |
Energy |
0.23% |
Consumer Cyclical - Retailers |
0.21% |
Transportation - Airlines |
0.19% |
Basic |
0.16% |
Communications - Media |
0.09% |
SUBTOTAL |
2.25% |
SUBTOTAL |
2.25% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
1.86% |
SUBTOTAL |
1.86% |
Preferred Stocks |
|
Financial Institutions |
1.58% |
Industrial |
0.15% |
SUBTOTAL |
1.73% |
Mortgage Pass-Throughs |
|
Agency Fixed Rate 30-Year |
1.06% |
Agency ARMs |
0.64% |
SUBTOTAL |
1.70% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.41% |
Consumer Cyclical - Automotive |
0.32% |
Technology |
0.21% |
Other Industrial |
0.20% |
Communications - Media |
0.17% |
Basic |
0.10% |
Consumer Cyclical - Other |
0.08% |
Energy |
0.01% |
SUBTOTAL |
1.50% |
SUBTOTAL |
1.50% |
Local Governments - Municipal Bonds |
1.29% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.09% |
SUBTOTAL |
1.09% |
Common Stocks |
0.65% |
Governments - Sovereign Agencies |
0.58% |
Whole Loan Trusts |
|
Performing Asset |
0.36% |
SUBTOTAL |
0.36% |
Emerging Markets - Sovereigns |
0.35% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.03% |
SUBTOTAL |
0.03% |
Interest Rate Swaps - SIFMA |
-1.68% |
Page 20 of 23 |
|
Reverse Repurchase Agreements |
-44.28% |
Net Cash Equivalents |
|
Cash |
4.21% |
Investment Companies |
0.15% |
SUBTOTAL |
4.36% |
Derivative Offsets |
|
Futures Offsets |
57.40% |
Swaps Offsets |
-1.71% |
SUBTOTAL |
55.69% |
100.00% |
|
Country Breakdown |
|
Portfolio % |
|
United States |
88.75% |
Brazil |
2.07% |
Russia |
1.52% |
Mexico |
1.46% |
United Kingdom |
0.84% |
Canada |
0.75% |
Switzerland |
0.47% |
Luxembourg |
0.40% |
Indonesia |
0.35% |
Germany |
0.30% |
Hungary |
0.28% |
France |
0.25% |
India |
0.25% |
Netherlands |
0.24% |
El Salvador |
0.20% |
Spain |
0.20% |
Peru |
0.20% |
Venezuela |
0.18% |
Colombia |
0.16% |
Portugal |
0.14% |
Norway |
0.14% |
South Africa |
0.12% |
Chile |
0.11% |
Croatia |
0.11% |
Barbados |
0.10% |
Belgium |
0.10% |
Singapore |
0.08% |
Guatemala |
0.07% |
Australia |
0.07% |
Jamaica |
0.05% |
Sri Lanka |
0.04% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
|
Portfolio % |
|
United States Dollar |
97.39% |
Brazilian Real |
0.98% |
Russian Rubles |
0.88% |
Swedish Krona |
0.50% |
Page 21 of 23 |
|
New Zealand Dollar |
0.49% |
New Turkish Lira |
0.26% |
Indonesian Rupiah |
0.25% |
Nigerian Naira |
0.21% |
Euro |
0.03% |
Australian Dollar |
0.01% |
Mexican Peso |
-0.03% |
Canadian Dollar |
-0.48% |
Great British Pound |
-0.49% |
Total Net Assets |
100.00% |
Credit Rating |
|
Portfolio % |
|
AAA |
52.87% |
AA |
0.15% |
A |
4.02% |
BBB |
12.62% |
BB |
10.66% |
B |
8.61% |
CCC |
3.37% |
CC |
0.53% |
D |
0.23% |
Not Rated |
1.01% |
Short Term Investments |
0.15% |
N/A |
5.78% |
100.00% |
|
Bonds By Maturity |
|
Portfolio % |
|
Less than 1 year |
-38.81% |
1 to 5 years |
19.10% |
5 to 10 years |
54.30% |
10 to 20 years |
56.95% |
20 to 30 years |
6.18% |
More than 30 years |
1.63% |
Other |
0.65% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.70% |
Average Bond Price : |
116.07 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
47.50%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
47.50% |
Average Maturity: |
14.20 Years |
Effective Duration: |
6.05 Years |
Page 22 of 23 |
|
Total Net Assets: |
$1,999.48 Million |
Net Asset Value: |
$8.23 |
Number of Holdings: |
416 |
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.
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