AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 26, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of July 31, 2014.
AllianceBernstein Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Bonds 6.00%, 2/15/26 |
21.94% |
2) U.S. Treasury Bonds 6.375%, 8/15/27 |
17.93% |
3) U.S. Treasury Notes 3.625%, 2/15/21 |
15.96% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 |
12.64% |
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21 |
8.49% |
6) U.S. Treasury Notes 3.125%, 5/15/21 |
4.99% |
7) U.S. Treasury Notes 2.625%, 11/15/20 |
3.44% |
8) Federal National Mortgage Association 5.375%, 6/12/17 |
3.29% |
9) U.S. Treasury Bonds 8.75%, 8/15/20 |
2.71% |
10) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 |
1.82% |
Investment Type |
Portfolio % |
Global Governments |
91.29% |
Corporates - Non-Investment Grades |
|
Industrial |
|
Energy |
2.64% |
Communications - Media |
1.91% |
Consumer Non-Cyclical |
1.46% |
Capital Goods |
1.34% |
Basic |
0.98% |
Technology |
0.92% |
Communications - Telecommunications |
0.91% |
Consumer Cyclical - Retailers |
0.90% |
Services |
0.36% |
Consumer Cyclical - Other |
0.26% |
Consumer Cyclical - Automotive |
0.19% |
Other Industrial |
0.18% |
Transportation - Services |
0.09% |
Consumer Cyclical - Entertainment |
0.04% |
SUBTOTAL |
12.18% |
Credit Default Swaps |
3.66% |
Financial Institutions |
|
Banking |
0.78% |
Finance |
0.21% |
REITS |
0.15% |
Insurance |
0.13% |
Other Finance |
0.13% |
SUBTOTAL |
1.40% |
Utility |
|
Electric |
0.59% |
SUBTOTAL |
0.59% |
SUBTOTAL |
17.83% |
Corporates - Investment Grades |
|
Industrial |
|
Communications - Telecommunications |
1.44% |
Basic |
1.13% |
Capital Goods |
0.95% |
Energy |
0.83% |
Consumer Non-Cyclical |
0.54% |
Technology |
0.34% |
Consumer Cyclical - Retailers |
0.28% |
Communications - Media |
0.25% |
Consumer Cyclical - Other |
0.11% |
Transportation - Airlines |
0.08% |
Transportation - Services |
0.06% |
SUBTOTAL |
6.01% |
Financial Institutions |
|
Banking |
2.03% |
Insurance |
1.31% |
Finance |
0.39% |
REITS |
0.39% |
SUBTOTAL |
4.12% |
Non Corporate Sectors |
|
Agencies - Not Government Guaranteed |
0.41% |
SUBTOTAL |
0.41% |
Utility |
|
Electric |
0.30% |
SUBTOTAL |
0.30% |
Credit Default Swaps |
0.25% |
SUBTOTAL |
11.09% |
Agencies |
|
Agency Debentures |
3.40% |
Agency Subordinated |
3.29% |
SUBTOTAL |
6.69% |
Collateralized Mortgage Obligations |
|
Non-Agency Floating Rate |
2.19% |
Non-Agency Fixed Rate |
1.96% |
GSE Risk Share Floating Rate |
0.25% |
SUBTOTAL |
4.40% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
3.49% |
Non-Agency Floating Rate CMBS |
0.26% |
Credit Default Swaps |
0.19% |
SUBTOTAL |
3.94% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.83% |
Communications - Telecommunications |
0.42% |
Capital Goods |
0.35% |
Energy |
0.23% |
Consumer Cyclical - Retailers |
0.21% |
Transportation - Airlines |
0.19% |
Basic |
0.15% |
SUBTOTAL |
2.38% |
SUBTOTAL |
2.38% |
Mortgage Pass-Throughs |
|
Agency Fixed Rate 30-Year |
1.18% |
Agency ARMs |
0.61% |
SUBTOTAL |
1.79% |
Preferred Stocks |
|
Financial Institutions |
1.49% |
Industrial |
0.16% |
SUBTOTAL |
1.65% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
1.26% |
SUBTOTAL |
1.26% |
Bank Loans |
|
Industrial |
|
Consumer Non-Cyclical |
0.40% |
Consumer Cyclical - Automotive |
0.29% |
Other Industrial |
0.19% |
Basic |
0.10% |
Communications - Media |
0.09% |
Consumer Cyclical - Other |
0.08% |
Technology |
0.07% |
SUBTOTAL |
1.22% |
SUBTOTAL |
1.22% |
Local Governments - Municipal Bonds |
1.12% |
Whole Loan Trusts |
|
Performing Asset |
0.47% |
SUBTOTAL |
0.47% |
Governments - Sovereign Agencies |
0.20% |
Options Purchased - Puts |
|
Swaptions |
0.18% |
SUBTOTAL |
0.18% |
Common Stocks |
0.09% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.07% |
SUBTOTAL |
0.07% |
Options Purchased - Calls |
0.02% |
Call Options Written |
|
Options Written - Calls |
-0.01% |
SUBTOTAL |
-0.01% |
Emerging Markets - Sovereigns |
|
Emerging Markets - Sovereigns |
0.71% |
Credit Default Swaps |
-1.27% |
SUBTOTAL |
-0.56% |
Interest Rate Swaps - SIFMA |
-2.47% |
Interest Rate Futures |
-41.35% |
Reverse Repurchase Agreements |
-48.48% |
Net Cash Equivalents |
|
Cash |
2.70% |
Investment Companies |
2.56% |
Governments - Treasuries |
1.03% |
SUBTOTAL |
6.29% |
Derivative Offsets |
|
Futures Offsets |
41.28% |
Swaps Offsets |
-0.39% |
SUBTOTAL |
40.89% |
100.00% |
|
Country Breakdown |
Portfolio % |
United States |
89.23% |
Brazil |
1.44% |
Mexico |
1.13% |
Canada |
1.04% |
United Kingdom |
0.72% |
Malaysia |
0.71% |
Switzerland |
0.46% |
Hungary |
0.43% |
Luxembourg |
0.40% |
Indonesia |
0.40% |
France |
0.40% |
Germany |
0.31% |
Peru |
0.27% |
India |
0.24% |
Colombia |
0.23% |
Spain |
0.22% |
El Salvador |
0.22% |
Venezuela |
0.21% |
Netherlands |
0.18% |
Japan |
0.17% |
Russia |
0.16% |
Norway |
0.16% |
Barbados |
0.14% |
Portugal |
0.14% |
South Africa |
0.11% |
Italy |
0.10% |
Chile |
0.10% |
Dominican Republic |
0.07% |
Guatemala |
0.07% |
Australia |
0.07% |
Pakistan |
0.06% |
Belgium |
0.06% |
Zambia |
0.06% |
Jamaica |
0.05% |
Turkey |
0.04% |
Sri Lanka |
0.04% |
Singapore |
0.04% |
China |
0.04% |
Morocco |
0.04% |
Kenya |
0.04% |
Total Investments |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
106.05% |
Malaysian Ringgit |
1.04% |
Norwegian Krone |
0.96% |
Brazilian Real |
0.53% |
South Korean Won |
0.51% |
Mexican Peso |
0.18% |
Indonesian Rupiah |
0.01% |
New Zealand Dollar |
-0.03% |
Great British Pound |
-0.19% |
Canadian Dollar |
-1.51% |
Euro |
-1.52% |
Japanese Yen |
-2.99% |
Australian Dollar |
-3.04% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
52.02% |
AA |
0.39% |
A |
2.84% |
BBB |
12.70% |
BB |
10.22% |
B |
8.30% |
CCC |
3.00% |
CC |
0.53% |
D |
0.21% |
Not Rated |
2.31% |
Short Term Investments |
3.59% |
N/A |
3.89% |
100.00% |
|
Bonds By Maturity |
Portfolio % |
Less than 1 year |
-39.30% |
1 to 5 years |
17.64% |
5 to 10 years |
58.56% |
10 to 20 years |
56.83% |
20 to 30 years |
5.57% |
More than 30 years |
0.61% |
Other |
0.09% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.58% |
Average Bond Price : |
117.87 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
53.93%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
53.93% |
Average Maturity: |
13.31 Years |
Effective Duration: |
4.69 Years |
Total Net Assets: |
$2,020.50 Million |
Net Asset Value: |
$8.38 |
Number of Holdings: |
460 |
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, Inc.
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