AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, March 24, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2014.
AllianceBernstein Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Bonds 6.00%, 2/15/26 |
21.76% |
2) U.S. Treasury Bonds 6.375%, 8/15/27 |
17.72% |
3) U.S. Treasury Notes 3.625%, 2/15/21 |
16.06% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 |
12.52% |
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21 |
8.52% |
6) U.S. Treasury Notes 3.125%, 5/15/21 |
5.01% |
7) U.S. Treasury Notes 2.625%, 11/15/20 |
3.45% |
8) Federal National Mortgage Association 5.375%, 6/12/17 |
3.35% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 |
1.81% |
10) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 |
1.09% |
Investment Type |
Portfolio % |
Global Governments |
33.48% |
Corporates - Non-Investment Grades |
|
Industrial |
|
Communications - Media |
2.72% |
Energy |
1.72% |
Consumer Non-Cyclical |
1.51% |
Capital Goods |
1.25% |
Basic |
0.83% |
Consumer Cyclical - Retailers |
0.80% |
Communications - Telecommunications |
0.69% |
Technology |
0.69% |
Consumer Cyclical - Other |
0.39% |
Services |
0.37% |
Consumer Cyclical - Automotive |
0.23% |
Other Industrial |
0.19% |
Transportation - Services |
0.15% |
Consumer Cyclical - Entertainment |
0.05% |
SUBTOTAL |
11.59% |
Credit Default Swaps |
3.47% |
Financial Institutions |
|
Banking |
1.09% |
Finance |
0.44% |
Other Finance |
0.30% |
REITS |
0.15% |
Insurance |
0.13% |
SUBTOTAL |
2.11% |
Utility |
|
Electric |
0.78% |
Natural Gas |
0.34% |
SUBTOTAL |
1.12% |
SUBTOTAL |
18.29% |
Corporates - Investment Grades |
|
Industrial |
|
Communications - Telecommunications |
1.67% |
Basic |
0.96% |
Capital Goods |
0.82% |
Energy |
0.66% |
Consumer Non-Cyclical |
0.53% |
Consumer Cyclical - Retailers |
0.27% |
Technology |
0.25% |
Communications - Media |
0.22% |
Consumer Cyclical - Entertainment |
0.17% |
Consumer Cyclical - Other |
0.11% |
Transportation - Airlines |
0.08% |
Transportation - Services |
0.06% |
Consumer Cyclical - Automotive |
0.04% |
SUBTOTAL |
5.84% |
Financial Institutions |
|
Insurance |
1.23% |
Banking |
1.08% |
REITS |
0.57% |
Finance |
0.15% |
Other Finance |
0.02% |
SUBTOTAL |
3.05% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
1.39% |
SUBTOTAL |
1.39% |
Utility |
|
Electric |
0.29% |
SUBTOTAL |
0.29% |
SUBTOTAL |
10.57% |
Agencies |
|
Agency Subordinated |
3.35% |
Agency Debentures |
3.31% |
SUBTOTAL |
6.66% |
Collateralized Mortgage Obligations |
|
Non-Agency Floating Rate |
2.08% |
Non-Agency Fixed Rate |
1.98% |
SUBTOTAL |
4.06% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.68% |
Communications - Telecommunications |
0.42% |
Capital Goods |
0.34% |
Energy |
0.23% |
Consumer Cyclical - Retailers |
0.21% |
Transportation - Airlines |
0.19% |
Basic |
0.17% |
Communications - Media |
0.09% |
SUBTOTAL |
2.33% |
SUBTOTAL |
2.33% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
1.86% |
SUBTOTAL |
1.86% |
Preferred Stocks |
|
Financial Institutions |
1.71% |
Industrial |
0.15% |
SUBTOTAL |
1.86% |
Mortgage Pass-Throughs |
|
Agency Fixed Rate 30-Year |
1.04% |
Agency ARMs |
0.63% |
SUBTOTAL |
1.67% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.41% |
Consumer Cyclical - Automotive |
0.31% |
Technology |
0.21% |
Other Industrial |
0.20% |
Communications - Media |
0.16% |
Basic |
0.10% |
Consumer Cyclical - Other |
0.08% |
Energy |
0.01% |
SUBTOTAL |
1.48% |
SUBTOTAL |
1.48% |
Local Governments - Municipal Bonds |
1.32% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.13% |
SUBTOTAL |
1.13% |
Common Stocks |
0.65% |
Governments - Sovereign Agencies |
0.38% |
Emerging Markets - Sovereigns |
0.35% |
Whole Loan Trusts |
|
Performing Asset |
0.35% |
SUBTOTAL |
0.35% |
Interest Rate Swaps - SIFMA |
-0.39% |
Reverse Repurchase Agreements |
-43.95% |
Net Cash Equivalents |
|
Cash |
2.74% |
Investment Companies |
2.26% |
Governments - Treasuries |
0.50% |
SUBTOTAL |
5.50% |
Derivative Offsets |
|
Futures Offsets |
55.48% |
Swaps Offsets |
-3.08% |
SUBTOTAL |
52.40% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
88.23% |
Brazil |
2.14% |
Mexico |
1.50% |
Russia |
1.34% |
United Kingdom |
0.92% |
Canada |
0.78% |
Switzerland |
0.47% |
Indonesia |
0.37% |
Malaysia |
0.35% |
Luxembourg |
0.34% |
France |
0.32% |
Germany |
0.31% |
Hungary |
0.28% |
Peru |
0.27% |
India |
0.25% |
Netherlands |
0.24% |
Spain |
0.21% |
El Salvador |
0.20% |
Venezuela |
0.19% |
Colombia |
0.16% |
Portugal |
0.14% |
Norway |
0.14% |
South Africa |
0.12% |
Croatia |
0.11% |
Chile |
0.11% |
Belgium |
0.10% |
Barbados |
0.10% |
Australia |
0.07% |
Singapore |
0.07% |
Guatemala |
0.07% |
Sri Lanka |
0.05% |
Jamaica |
0.05% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
98.67% |
Brazilian Real |
1.01% |
Malaysian Ringgit |
0.50% |
New Turkish Lira |
0.49% |
Indonesian Rupiah |
0.26% |
Euro |
0.04% |
Great British Pound |
0.01% |
Mexican Peso |
0.01% |
Australian Dollar |
-0.99% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
51.55% |
AA |
0.15% |
A |
4.09% |
BBB |
12.62% |
BB |
10.59% |
B |
8.76% |
CCC |
3.32% |
CC |
0.53% |
D |
0.22% |
Not Rated |
1.17% |
Short Term Investments |
2.76% |
N/A |
4.24% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
-35.82% |
1 to 5 years |
20.34% |
5 to 10 years |
51.62% |
10 to 20 years |
55.65% |
20 to 30 years |
5.95% |
More than 30 years |
1.61% |
Other |
0.65% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.60% |
Average Bond Price : |
116.76 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
43.89%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
43.89% |
Average Maturity: |
13.85 Years |
Effective Duration: |
5.94 Years |
Total Net Assets: |
$2,019.24 Million |
Net Asset Value: |
$8.31 |
Number of Holdings: |
420 |
Portfolio Turnover: |
107% |
* 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
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