AB Income Fund Releases Monthly Portfolio Update

Jul 27, 2015, 16:06 ET from AB Income Fund, Inc.

NEW YORK, July 27, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of June 30, 2015.

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

20.39%

2) U.S. Treasury Bonds 6.25%, 5/15/30

20.08%

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

18.01%

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

14.33%

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

9.71%

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

5.66%

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

4.26%

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

2.97%

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

2.12%

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

2.05%

Investment Type

Portfolio %

Global Governments

105.64%

Corporates - Non-Investment Grade

Industrial

Energy

2.26%

Consumer Non-Cyclical

1.93%

Communications - Media

1.78%

Basic

1.00%

Communications - Telecommunications

0.79%

Capital Goods

0.67%

Consumer Cyclical - Retailers

0.57%

Consumer Cyclical - Other

0.45%

Technology

0.39%

Consumer Cyclical - Automotive

0.36%

Transportation - Services

0.35%

Services

0.21%

Other Industrial

0.19%

Consumer Cyclical - Entertainment

0.09%

SUBTOTAL

11.04%

Credit Default Swaps

2.10%

SUBTOTAL

2.10%

Financial Institutions

Banking

1.08%

Insurance

0.14%

Other Finance

0.12%

Finance

0.09%

REITS

0.06%

SUBTOTAL

1.49%

Utility

Electric

0.80%

SUBTOTAL

0.80%

SUBTOTAL

15.43%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

2.37%

Non-Agency Fixed Rate

1.83%

Non-Agency Floating Rate

1.04%

Agency Fixed Rate

0.20%

SUBTOTAL

5.44%

Corporates - Investment Grade

Industrial

Basic

0.74%

Communications - Telecommunications

0.73%

Capital Goods

0.38%

Energy

0.37%

Consumer Non-Cyclical

0.32%

Transportation - Airlines

0.09%

SUBTOTAL

2.63%

Financial Institutions

Insurance

1.43%

Banking

0.52%

SUBTOTAL

1.95%

Credit Default Swaps

0.29%

SUBTOTAL

0.29%

Utility

Electric

0.20%

SUBTOTAL

0.20%

SUBTOTAL

5.07%

Agencies

Agency Debentures

3.90%

SUBTOTAL

3.90%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.11%

Non-Agency Floating Rate CMBS

0.23%

Credit Default Swaps

0.22%

SUBTOTAL

3.56%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.51%

Capital Goods

0.39%

Basic

0.25%

Consumer Cyclical - Retailers

0.24%

Communications - Telecommunications

0.22%

Transportation - Airlines

0.16%

SUBTOTAL

1.77%

SUBTOTAL

1.77%

Whole Loan Trusts

Performing Asset

1.22%

SUBTOTAL

1.22%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.19%

SUBTOTAL

1.19%

Common Stocks

1.18%

Local Governments - Municipal Bonds

0.86%

Bank Loans

Industrial

Consumer Cyclical - Retailers

0.24%

Consumer Non-Cyclical

0.14%

Energy

0.11%

Other Industrial

0.11%

Basic

0.09%

Communications - Media

0.08%

Consumer Cyclical - Other

0.06%

Technology

0.01%

SUBTOTAL

0.84%

SUBTOTAL

0.84%

Emerging Markets - Sovereigns

0.84%

Preferred Stocks

Financial Institutions

0.35%

Industrial

0.19%

SUBTOTAL

0.54%

Governments - Sovereign Agencies

0.33%

Investment Companies

Funds and Investment Trusts

0.15%

SUBTOTAL

0.15%

Asset-Backed Securities

Autos - Fixed Rate

0.12%

SUBTOTAL

0.12%

Currency Instruments

Forward Currency Exchange Contracts

-0.10%

SUBTOTAL

-0.10%

Interest Rate Swaps - SIFMA

-38.38%

Interest Rate Futures

-44.54%

Reverse Repurchase Agreements

-54.29%

Net Cash Equivalents

Cash

6.66%

Investment Companies

2.45%

Foreign Government Bonds

0.23%

SUBTOTAL

9.34%

Derivative Offsets

Futures Offsets

44.66%

Swaps Offsets

35.23%

SUBTOTAL

79.89%

100.00%

Country Breakdown

Portfolio %

United States

90.20%

Brazil

2.71%

Mexico

0.99%

Canada

0.97%

Bermuda

0.74%

Luxembourg

0.45%

United Kingdom

0.38%

Indonesia

0.31%

France

0.30%

Peru

0.29%

Germany

0.27%

India

0.27%

Switzerland

0.24%

Spain

0.23%

El Salvador

0.22%

Barbados

0.16%

Uruguay

0.15%

Venezuela

0.14%

Dominican Republic

0.13%

Italy

0.11%

Netherlands

0.10%

Ivory Coast

0.09%

Guatemala

0.08%

Belgium

0.07%

Jamaica

0.07%

Pakistan

0.07%

Zambia

0.06%

Sri Lanka

0.05%

Morocco

0.04%

South Africa

0.04%

Australia

0.03%

Sweden

0.02%

Norway

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

106.14%

Indonesian Rupiah

0.63%

Brazilian Real

0.38%

Uruguayan Peso

0.23%

Mexican Peso

0.01%

Norwegian Krone

-0.02%

Great British Pound

-0.03%

Euro

-0.05%

Taiwan New Dollar

-0.50%

New Turkish Lira

-0.89%

New Zealand Dollar

-0.93%

Australian Dollar

-1.46%

Canadian Dollar

-1.50%

South Korean Won

-2.01%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

54.57%

A

1.41%

BBB

10.92%

BB

7.13%

B

7.59%

CCC

3.18%

CC

0.28%

C

0.04%

D

0.42%

Not Rated

4.72%

Short Term Investments

2.67%

N/A

7.07%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-43.73%

1 to 5 years

16.08%

5 to 10 years

58.11%

10 to 20 years

59.44%

20 to 30 years

7.66%

More than 30 years

1.26%

Other

1.18%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.69%

Average Bond Price :

118.50

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

46.94%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

46.94%

Average Maturity:

14.63 Years

Effective Duration:

4.80 Years

Total Net Assets:

$1,796.70 Million

Net Asset Value:

$8.33

Number of Holdings:

449

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.