AB Income Fund Releases Monthly Portfolio Update

May 22, 2015, 16:06 ET from AB Income Fund, Inc.

NEW YORK, May 22, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of April 30, 2015.

 

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 6.00%, 2/15/26

22.50%

2) U.S. Treasury Bonds 6.375%, 8/15/27

20.61%

3) U.S. Treasury Notes 3.625%, 2/15/21

17.91%

4) U.S. Treasury Bonds 6.50%, 11/15/26

14.45%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21

9.62%

6) U.S. Treasury Notes 3.125%, 5/15/21

5.62%

7) U.S. Treasury Bonds 3.125%, 8/15/44

4.50%

8) U.S. Treasury Bonds 8.75%, 8/15/20

2.96%

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

2.09%

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

2.05%

Investment Type

Portfolio %

Global Governments

108.35%

Corporates - Non-Investment Grades

Industrial

Energy

2.01%

Communications - Media

1.64%

Consumer Non-Cyclical

1.63%

Basic

0.92%

Communications - Telecommunications

0.81%

Consumer Cyclical - Retailers

0.72%

Capital Goods

0.60%

Consumer Cyclical - Other

0.41%

Technology

0.33%

Transportation - Services

0.25%

Services

0.21%

Other Industrial

0.18%

Consumer Cyclical - Entertainment

0.12%

Consumer Cyclical - Automotive

0.01%

SUBTOTAL

9.84%

Credit Default Swaps

2.11%

Financial Institutions

Banking

1.08%

Insurance

0.14%

Other Finance

0.12%

Finance

0.10%

SUBTOTAL

1.44%

Utility

Electric

0.75%

SUBTOTAL

0.75%

SUBTOTAL

14.14%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

2.38%

Non-Agency Fixed Rate

1.60%

Non-Agency Floating Rate

0.74%

Agency Fixed Rate

0.20%

SUBTOTAL

4.92%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

0.75%

Basic

0.66%

Capital Goods

0.42%

Energy

0.37%

Transportation - Airlines

0.09%

SUBTOTAL

2.29%

Financial Institutions

Insurance

1.35%

Banking

0.53%

SUBTOTAL

1.88%

Credit Default Swaps

0.29%

Utility

Electric

0.19%

SUBTOTAL

0.19%

SUBTOTAL

4.65%

Agencies

Agency Debentures

3.91%

SUBTOTAL

3.91%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.78%

Credit Default Swaps

0.22%

Non-Agency Floating Rate CMBS

0.18%

SUBTOTAL

3.18%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.47%

Capital Goods

0.38%

Basic

0.24%

Consumer Cyclical - Retailers

0.23%

Communications - Telecommunications

0.22%

Transportation - Airlines

0.20%

SUBTOTAL

1.74%

SUBTOTAL

1.74%

Whole Loan Trusts

Performing Asset

1.35%

SUBTOTAL

1.35%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.28%

SUBTOTAL

1.28%

Common Stocks

1.14%

Local Governments - Municipal Bonds

1.02%

Bank Loans

Industrial

Consumer Cyclical - Automotive

0.31%

Consumer Non-Cyclical

0.13%

Energy

0.11%

Other Industrial

0.11%

Consumer Cyclical - Other

0.09%

Communications - Media

0.08%

Basic

0.05%

Technology

0.05%

SUBTOTAL

0.93%

SUBTOTAL

0.93%

Emerging Markets - Sovereigns

0.85%

Preferred Stocks

Financial Institutions

0.39%

Industrial

0.19%

SUBTOTAL

0.58%

Governments - Sovereign Agencies

0.35%

Investment Companies

Funds and Investment Trusts

0.15%

SUBTOTAL

0.15%

Options Purchased - Calls

Options on Forward Contracts

0.03%

SUBTOTAL

0.03%

Put Options Written

-0.01%

Currency Instruments

Forward Currency Exchange Contracts

-0.33%

SUBTOTAL

-0.33%

Interest Rate Swaps - SIFMA

-21.96%

Interest Rate Futures

-46.02%

Reverse Repurchase Agreements

-52.37%

Net Cash Equivalents

Investment Companies

4.21%

Cash

3.63%

Governments - Treasuries

0.23%

SUBTOTAL

8.07%

Derivative Offsets

Futures Offsets

45.90%

Swaps Offsets

18.15%

SUBTOTAL

64.05%

100.00%

Country Breakdown

Portfolio %

United States

90.44%

Brazil

2.38%

Mexico

1.13%

Canada

0.90%

Bermuda

0.71%

United Kingdom

0.45%

Luxembourg

0.44%

Indonesia

0.33%

France

0.30%

Peru

0.28%

India

0.27%

Germany

0.26%

Spain

0.24%

Switzerland

0.24%

El Salvador

0.23%

Venezuela

0.16%

Uruguay

0.15%

Dominican Republic

0.15%

Barbados

0.15%

Italy

0.11%

Ivory Coast

0.09%

Guatemala

0.08%

Belgium

0.07%

Jamaica

0.07%

Pakistan

0.07%

Zambia

0.06%

Sri Lanka

0.05%

Norway

0.04%

Morocco

0.04%

South Africa

0.04%

Australia

0.03%

Sweden

0.02%

Turkey

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

102.77%

Colombian Peso

1.08%

Mexican Peso

1.01%

Indonesian Rupiah

0.63%

New Turkish Lira

0.53%

Uruguayan Peso

0.23%

Euro

-0.01%

Brazilian Real

-0.06%

Australian Dollar

-0.50%

Singapore Dollar

-0.53%

New Zealand Dollar

-1.03%

Canadian Dollar

-1.08%

Great British Pound

-3.04%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

59.73%

A

1.45%

BBB

9.53%

BB

6.83%

B

7.25%

CCC

3.23%

CC

0.28%

C

0.01%

D

0.38%

Not Rated

3.88%

Short Term Investments

4.44%

N/A

2.99%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-43.85%

1 to 5 years

14.03%

5 to 10 years

57.69%

10 to 20 years

61.71%

20 to 30 years

8.40%

More than 30 years

0.88%

Other

1.14%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.65%

Average Bond Price :

120.64

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

45.67%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

45.67%

Average Maturity:

13.99 Years

Effective Duration:

4.79 Years

Total Net Assets:

$1,829.84 Million

Net Asset Value:

$8.47

Number of Holdings:

389

Portfolio Turnover:

32%

* 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 AB Income Fund, Inc.