AB Income Fund Releases Monthly Portfolio Update

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

21.17%

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

21.00%

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

18.50%

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

14.83%

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

8.77%

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

5.82%

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

4.52%

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

3.01%

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

2.19%

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

2.09%

Investment Type

Portfolio %

Global Governments

106.76%

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

2.03%

Energy

1.92%

Communications - Media

1.72%

Communications - Telecommunications

0.76%

Basic

0.74%

Capital Goods

0.65%

Consumer Cyclical - Retailers

0.63%

Consumer Cyclical - Other

0.45%

Technology

0.42%

Consumer Cyclical - Automotive

0.35%

Transportation - Services

0.34%

Services

0.21%

Other Industrial

0.19%

Consumer Cyclical - Entertainment

0.09%

SUBTOTAL

10.50%

Credit Default Swaps

2.00%

SUBTOTAL

2.00%

Financial Institutions

Banking

1.29%

Other Finance

0.12%

Finance

0.09%

REITS

0.06%

SUBTOTAL

1.56%

Utility

Electric

0.78%

SUBTOTAL

0.78%

SUBTOTAL

14.84%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.55%

Non-Agency Fixed Rate

1.70%

Non-Agency Floating Rate

0.65%

Agency Fixed Rate

0.15%

SUBTOTAL

6.05%

Corporates - Investment Grade

Industrial

Communications - Telecommunications

0.70%

Basic

0.63%

Energy

0.43%

Consumer Non-Cyclical

0.33%

Capital Goods

0.27%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.08%

SUBTOTAL

2.58%

Financial Institutions

Insurance

1.46%

Banking

0.53%

SUBTOTAL

1.99%

Utility

Electric

0.21%

SUBTOTAL

0.21%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

4.86%

Agencies

Agency Debentures

4.03%

SUBTOTAL

4.03%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.10%

Non-Agency Floating Rate CMBS

0.23%

Credit Default Swaps

0.22%

SUBTOTAL

3.55%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.47%

Capital Goods

0.37%

Communications - Telecommunications

0.21%

Basic

0.20%

Transportation - Airlines

0.14%

Consumer Cyclical - Retailers

0.13%

SUBTOTAL

1.52%

SUBTOTAL

1.52%

Whole Loan Trusts

Performing Asset

1.39%

SUBTOTAL

1.39%

Common Stocks

1.23%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.09%

SUBTOTAL

1.09%

Local Governments - Municipal Bonds

0.90%

Emerging Markets - Sovereigns

0.88%

Preferred Stocks

Financial Institutions

0.51%

Industrial

0.20%

SUBTOTAL

0.71%

Bank Loans

Industrial

Basic

0.12%

Consumer Non-Cyclical

0.11%

Energy

0.10%

Communications - Media

0.08%

Other Industrial

0.05%

Technology

0.01%

SUBTOTAL

0.47%

SUBTOTAL

0.47%

Governments - Sovereign Agencies

0.45%

Currency Instruments

Forward Currency Exchange Contracts

0.29%

SUBTOTAL

0.29%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Asset-Backed Securities

Autos - Fixed Rate

0.12%

SUBTOTAL

0.12%

Put Options Written

-0.01%

Interest Rate Swaps - SIFMA

-35.61%

Interest Rate Futures

-47.91%

Reverse Repurchase Agreements

-52.53%

Net Cash Equivalents

Investment Companies

3.14%

Cash

1.56%

Foreign Currency

-0.01%

SUBTOTAL

4.69%

Derivative Offsets

Futures Offsets

47.62%

Swaps Offsets

34.45%

SUBTOTAL

82.07%

100.00%

Country Breakdown

Portfolio %

United States

91.13%

Brazil

2.11%

Mexico

1.04%

Canada

0.89%

Bermuda

0.77%

France

0.45%

United Kingdom

0.41%

Luxembourg

0.40%

Switzerland

0.30%

Indonesia

0.29%

Germany

0.26%

India

0.24%

Spain

0.22%

El Salvador

0.20%

Barbados

0.15%

Jamaica

0.14%

Venezuela

0.13%

Dominican Republic

0.11%

Italy

0.11%

Netherlands

0.10%

Guatemala

0.08%

Ivory Coast

0.08%

Belgium

0.07%

Pakistan

0.07%

Zambia

0.05%

Sri Lanka

0.05%

South Africa

0.04%

Morocco

0.04%

Australia

0.03%

Sweden

0.02%

Peru

0.01%

Norway

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.37%

Japanese Yen

3.02%

New Zealand Dollar

0.05%

Mexican Peso

0.02%

Indonesian Rupiah

0.01%

Malaysian Ringgit

0.01%

Australian Dollar

0.01%

Great British Pound

-0.02%

Norwegian Krone

-0.03%

Brazilian Real

-0.09%

Taiwan New Dollar

-0.48%

Euro

-1.87%

Singapore Dollar

-2.00%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

58.11%

A

1.58%

BBB

10.22%

BB

7.02%

B

7.17%

CCC

2.92%

CC

0.33%

D

0.38%

Not Rated

5.14%

Short Term Investments

3.14%

N/A

3.99%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-45.60%

1 to 5 years

28.52%

5 to 10 years

45.55%

10 to 20 years

61.93%

20 to 30 years

7.42%

More than 30 years

0.95%

Other

1.23%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.56%

Average Bond Price :

120.18

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

38.24%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

58.91%

Average Maturity:

14.46 Years

Effective Duration:

4.91 Years

Total Net Assets:

$1,769.06 Million

Net Asset Value:

$8.20

Number of Holdings:

445

Portfolio Turnover:

32%