NEW YORK, June 26, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of May 31, 2015.
| AB Income Fund, Inc. |
|
| Top 10 Fixed Income Holdings |
Portfolio % |
| 1) U.S. Treasury Bonds 6.00%, 2/15/26 |
22.44% |
| 2) U.S. Treasury Bonds 6.375%, 8/15/27 |
20.52% |
| 3) U.S. Treasury Notes 3.625%, 2/15/21 |
17.91% |
| 4) U.S. Treasury Bonds 6.50%, 11/15/26 |
14.39% |
| 5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21 |
9.63% |
| 6) U.S. Treasury Notes 3.125%, 5/15/21 |
5.63% |
| 7) U.S. Treasury Bonds 3.125%, 8/15/44 |
4.40% |
| 8) U.S. Treasury Bonds 8.75%, 8/15/20 |
2.95% |
| 9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 |
2.10% |
| 10) U.S. Treasury Bonds 8.00%, 11/15/21 |
2.04% |
| Investment Type |
Portfolio % |
| Global Governments |
107.51% |
| Corporates - Non-Investment Grade |
|
| Industrial |
|
| Energy |
2.44% |
| Consumer Non-Cyclical |
1.89% |
| Communications - Media |
1.79% |
| Basic |
0.93% |
| Communications - Telecommunications |
0.80% |
| Consumer Cyclical - Retailers |
0.73% |
| Capital Goods |
0.66% |
| Consumer Cyclical - Other |
0.45% |
| Technology |
0.39% |
| Consumer Cyclical - Automotive |
0.34% |
| Transportation - Services |
0.25% |
| Services |
0.21% |
| Other Industrial |
0.19% |
| Consumer Cyclical - Entertainment |
0.12% |
| SUBTOTAL |
11.19% |
| Credit Default Swaps |
2.10% |
| SUBTOTAL |
2.10% |
| Financial Institutions |
|
| Banking |
1.08% |
| Insurance |
0.14% |
| Other Finance |
0.12% |
| Finance |
0.10% |
| REITS |
0.06% |
| SUBTOTAL |
1.50% |
| Utility |
|
| Electric |
0.77% |
| SUBTOTAL |
0.77% |
| SUBTOTAL |
15.56% |
| Collateralized Mortgage Obligations |
|
| GSE Risk Share Floating Rate |
2.39% |
| Non-Agency Fixed Rate |
1.67% |
| Non-Agency Floating Rate |
0.65% |
| Agency Fixed Rate |
0.20% |
| SUBTOTAL |
4.91% |
| Corporates - Investment Grade |
|
| Industrial |
|
| Communications - Telecommunications |
0.73% |
| Basic |
0.65% |
| Capital Goods |
0.43% |
| Energy |
0.37% |
| Transportation - Airlines |
0.09% |
| SUBTOTAL |
2.27% |
| Financial Institutions |
|
| Insurance |
1.44% |
| Banking |
0.53% |
| SUBTOTAL |
1.97% |
| Credit Default Swaps |
0.29% |
| SUBTOTAL |
0.29% |
| Utility |
|
| Electric |
0.20% |
| SUBTOTAL |
0.20% |
| SUBTOTAL |
4.73% |
| Agencies |
|
| Agency Debentures |
3.92% |
| SUBTOTAL |
3.92% |
| Commercial Mortgage-Backed Securities |
|
| Non-Agency Fixed Rate CMBS |
3.16% |
| Credit Default Swaps |
0.22% |
| SUBTOTAL |
3.38% |
| Emerging Markets - Corporate Bonds |
|
| Industrial |
|
| Consumer Non-Cyclical |
0.49% |
| Capital Goods |
0.38% |
| Basic |
0.24% |
| Consumer Cyclical - Retailers |
0.24% |
| Communications - Telecommunications |
0.22% |
| Transportation - Airlines |
0.20% |
| SUBTOTAL |
1.77% |
| SUBTOTAL |
1.77% |
| Whole Loan Trusts |
|
| Performing Asset |
1.42% |
| SUBTOTAL |
1.42% |
| Quasi-Sovereigns |
|
| Quasi-Sovereign Bonds |
1.24% |
| SUBTOTAL |
1.24% |
| Common Stocks |
1.15% |
| Local Governments - Municipal Bonds |
0.87% |
| Emerging Markets - Sovereigns |
0.85% |
| Bank Loans |
|
| Industrial |
|
| Consumer Non-Cyclical |
0.12% |
| Energy |
0.11% |
| Other Industrial |
0.11% |
| Consumer Cyclical - Other |
0.09% |
| Communications - Media |
0.08% |
| Basic |
0.05% |
| Technology |
0.01% |
| SUBTOTAL |
0.57% |
| SUBTOTAL |
0.57% |
| Preferred Stocks |
|
| Financial Institutions |
0.37% |
| Industrial |
0.19% |
| SUBTOTAL |
0.56% |
| Governments - Sovereign Agencies |
0.35% |
| Investment Companies |
|
| Funds and Investment Trusts |
0.15% |
| SUBTOTAL |
0.15% |
| Currency Instruments |
|
| Forward Currency Exchange Contracts |
0.11% |
| SUBTOTAL |
0.11% |
| Interest Rate Swaps - SIFMA |
-21.81% |
| Interest Rate Futures |
-44.42% |
| Reverse Repurchase Agreements |
-52.12% |
| Net Cash Equivalents |
|
| Cash |
4.19% |
| Investment Companies |
3.19% |
| Foreign Currency |
-0.01% |
| SUBTOTAL |
7.37% |
| Derivative Offsets |
|
| Futures Offsets |
43.73% |
| Swaps Offsets |
18.20% |
| SUBTOTAL |
61.93% |
| 100.00% |
|
| Country Breakdown |
Portfolio % |
| United States |
90.56% |
| Brazil |
2.35% |
| Mexico |
1.13% |
| Canada |
0.90% |
| Bermuda |
0.72% |
| United Kingdom |
0.46% |
| Luxembourg |
0.44% |
| Indonesia |
0.31% |
| Peru |
0.29% |
| France |
0.29% |
| India |
0.27% |
| Germany |
0.26% |
| Spain |
0.24% |
| Switzerland |
0.24% |
| El Salvador |
0.23% |
| Venezuela |
0.15% |
| Barbados |
0.15% |
| Dominican Republic |
0.14% |
| Italy |
0.11% |
| Netherlands |
0.10% |
| Ivory Coast |
0.09% |
| Guatemala |
0.08% |
| Belgium |
0.07% |
| Pakistan |
0.07% |
| Jamaica |
0.07% |
| Zambia |
0.06% |
| Sri Lanka |
0.05% |
| South Africa |
0.04% |
| Norway |
0.04% |
| Morocco |
0.04% |
| Australia |
0.03% |
| Sweden |
0.02% |
| Total Investments |
100.00% |
| Net Currency Exposure Breakdown |
Portfolio % |
| United States Dollar |
103.21% |
| New Turkish Lira |
1.43% |
| Indonesian Rupiah |
0.62% |
| Brazilian Real |
0.42% |
| Uruguayan Peso |
0.22% |
| Mexican Peso |
0.01% |
| Norwegian Krone |
-0.01% |
| Singapore Dollar |
-0.52% |
| New Zealand Dollar |
-0.95% |
| Australian Dollar |
-1.43% |
| Euro |
-1.49% |
| Great British Pound |
-1.51% |
| Total Net Assets |
100.00% |
| Credit Rating |
Portfolio % |
| AAA |
59.03% |
| A |
1.42% |
| BBB |
9.86% |
| BB |
7.35% |
| B |
7.56% |
| CCC |
3.12% |
| CC |
0.28% |
| C |
0.03% |
| D |
0.42% |
| Not Rated |
4.24% |
| Short Term Investments |
3.19% |
| N/A |
3.50% |
| 100.00% |
|
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
-44.39% |
| 1 to 5 years |
15.40% |
| 5 to 10 years |
57.25% |
| 10 to 20 years |
61.51% |
| 20 to 30 years |
8.19% |
| More than 30 years |
0.89% |
| Other |
1.15% |
| Total Net Assets |
100.00% |
| Portfolio Statistics: |
|
| Average Coupon: |
7.70% |
| Average Bond Price : |
119.83 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
39.07%* |
| Preferred Stock: |
0.00% |
| Tender Option Bonds: |
0.00% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
39.07% |
| Average Maturity: |
13.88 Years |
| Effective Duration: |
4.76 Years |
| Total Net Assets: |
$1,825.31 Million |
| Net Asset Value: |
$8.46 |
| Number of Holdings: |
413 |
| 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.
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