NEW YORK, Feb. 22, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of January 31, 2016.
AB Income Fund, Inc. |
|
Top 10 Fixed Income Holdings |
Portfolio % |
1) U.S. Treasury Notes 3.625%, 2/15/21 |
19.19% |
2) U.S. Treasury Bonds 6.25%, 5/15/30 |
19.09% |
3) U.S. Treasury Bonds 6.375%, 8/15/27 |
18.93% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 |
15.43% |
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21 |
11.22% |
6) U.S. Treasury Notes 3.125%, 5/15/21 |
6.06% |
7) U.S. Treasury Bonds 3.125%, 8/15/44 |
4.82% |
8) U.S. Treasury Bonds 8.75%, 8/15/20 |
3.08% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 |
2.30% |
10) U.S. Treasury Bonds 8.00%, 11/15/21 |
2.16% |
Investment Type |
Portfolio % |
Global Governments |
107.74% |
Corporates - Non-Investment Grade |
|
Industrial |
|
Consumer Non-Cyclical |
2.20% |
Energy |
2.17% |
Communications - Media |
1.83% |
Communications - Telecommunications |
0.90% |
Basic |
0.67% |
Capital Goods |
0.64% |
Consumer Cyclical - Other |
0.64% |
Consumer Cyclical - Retailers |
0.62% |
Technology |
0.42% |
Consumer Cyclical - Automotive |
0.37% |
Transportation - Services |
0.25% |
Services |
0.20% |
Other Industrial |
0.19% |
Consumer Cyclical - Entertainment |
0.15% |
SUBTOTAL |
11.25% |
Credit Default Swaps |
2.05% |
SUBTOTAL |
2.05% |
Financial Institutions |
|
Banking |
1.44% |
Other Finance |
0.14% |
Finance |
0.07% |
REITS |
0.06% |
SUBTOTAL |
1.71% |
Utility |
|
Electric |
0.69% |
SUBTOTAL |
0.69% |
SUBTOTAL |
15.70% |
Collateralized Mortgage Obligations |
|
GSE Risk Share Floating Rate |
3.93% |
Non-Agency Fixed Rate |
1.65% |
Agency Fixed Rate |
0.19% |
Non-Agency Floating Rate |
0.04% |
SUBTOTAL |
5.81% |
Corporates - Investment Grade |
|
Industrial |
|
Communications - Telecommunications |
0.75% |
Energy |
0.57% |
Consumer Non-Cyclical |
0.34% |
Capital Goods |
0.30% |
Basic |
0.19% |
Technology |
0.19% |
Consumer Cyclical - Retailers |
0.14% |
Transportation - Airlines |
0.09% |
SUBTOTAL |
2.57% |
Financial Institutions |
|
Insurance |
1.48% |
Banking |
0.48% |
SUBTOTAL |
1.96% |
Utility |
|
Electric |
0.21% |
SUBTOTAL |
0.21% |
Credit Default Swaps |
0.08% |
SUBTOTAL |
0.08% |
SUBTOTAL |
4.82% |
Commercial Mortgage-Backed Securities |
|
Non-Agency Fixed Rate CMBS |
3.36% |
Credit Default Swaps |
1.20% |
Non-Agency Floating Rate CMBS |
0.24% |
SUBTOTAL |
4.80% |
Agencies |
|
Agency Debentures |
4.26% |
SUBTOTAL |
4.26% |
Whole Loan Trusts |
|
Performing Asset |
1.54% |
SUBTOTAL |
1.54% |
Emerging Markets - Corporate Bonds |
|
Industrial |
|
Consumer Non-Cyclical |
0.40% |
Capital Goods |
0.30% |
Communications - Telecommunications |
0.19% |
Basic |
0.18% |
Consumer Cyclical - Retailers |
0.14% |
Transportation - Airlines |
0.13% |
SUBTOTAL |
1.34% |
SUBTOTAL |
1.34% |
Emerging Markets - Sovereigns |
|
Emerging Markets - Sovereigns |
0.87% |
Credit Default Swaps |
0.44% |
SUBTOTAL |
1.31% |
Common Stocks |
1.30% |
Quasi-Sovereigns |
|
Quasi-Sovereign Bonds |
0.90% |
SUBTOTAL |
0.90% |
Preferred Stocks |
|
Financial Institutions |
0.53% |
Industrial |
0.22% |
SUBTOTAL |
0.75% |
Local Governments - Municipal Bonds |
0.40% |
Governments - Sovereign Agencies |
0.29% |
Asset-Backed Securities |
|
Autos - Fixed Rate |
0.13% |
Other ABS - Fixed Rate |
0.10% |
SUBTOTAL |
0.23% |
Bank Loans |
|
Industrial |
|
Basic |
0.09% |
Other Industrial |
0.05% |
Technology |
0.01% |
SUBTOTAL |
0.15% |
SUBTOTAL |
0.15% |
Currency Instruments |
|
Forward Currency Exchange Contracts |
0.14% |
SUBTOTAL |
0.14% |
Investment Companies |
|
Funds and Investment Trusts |
0.06% |
SUBTOTAL |
0.06% |
Interest Rate Swaps |
-31.23% |
Interest Rate Futures |
-47.37% |
Reverse Repurchase Agreements |
-54.68% |
Net Cash Equivalents |
|
Investment Companies |
4.74% |
Cash |
2.30% |
SUBTOTAL |
7.04% |
Derivative Offsets |
|
Futures Offsets |
45.84% |
Swaps Offsets |
28.86% |
SUBTOTAL |
74.70% |
Total |
100.00% |
Country Breakdown |
Portfolio % |
United States |
93.17% |
Brazil |
1.00% |
Canada |
0.88% |
Bermuda |
0.79% |
Mexico |
0.76% |
France |
0.38% |
Indonesia |
0.29% |
Luxembourg |
0.29% |
United Kingdom |
0.28% |
Germany |
0.26% |
Switzerland |
0.24% |
Spain |
0.23% |
India |
0.20% |
Italy |
0.16% |
Barbados |
0.15% |
El Salvador |
0.14% |
Kenya |
0.10% |
Dominican Republic |
0.09% |
Ivory Coast |
0.08% |
Angola |
0.08% |
Jamaica |
0.06% |
Guatemala |
0.06% |
Netherlands |
0.06% |
Ghana |
0.05% |
Morocco |
0.04% |
South Africa |
0.04% |
Zambia |
0.04% |
Norway |
0.02% |
Australia |
0.02% |
Sweden |
0.02% |
Peru |
0.01% |
Belgium |
0.01% |
Total |
100.00% |
Net Currency Exposure Breakdown |
Portfolio % |
United States Dollar |
105.00% |
New Zealand Dollar |
0.05% |
Brazilian Real |
0.04% |
Argentine Peso |
0.03% |
Mexican Peso |
0.02% |
Australian Dollar |
-0.03% |
Norwegian Krone |
-0.03% |
Great British Pound |
-0.06% |
Canadian Dollar |
-0.50% |
Singapore Dollar |
-1.54% |
Taiwan New Dollar |
-2.98% |
Total Net Assets |
100.00% |
Credit Rating |
Portfolio % |
AAA |
58.38% |
AA |
0.07% |
A |
1.59% |
BBB |
8.78% |
BB |
8.05% |
B |
6.27% |
CCC |
1.93% |
CC |
0.26% |
C |
0.05% |
D |
0.36% |
Not Rated |
5.64% |
Short Term Investments |
4.74% |
N/A |
3.88% |
Total |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
-46.51% |
1 to 5 years |
28.30% |
5 to 10 years |
49.74% |
10 to 20 years |
58.60% |
20 to 30 years |
8.01% |
More than 30 years |
0.56% |
Other |
1.30% |
Total Net Assets |
100.00% |
Portfolio Statistics: |
|
Average Coupon: |
7.39% |
Average Bond Price : |
118.63 |
Percentage of Leverage (based on Gross Assets): |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
40.63%* |
Preferred Stock: |
0.00% |
Tender Option Bonds: |
0.00% |
VMTP Shares: |
0.00% |
Total Fund Leverage: |
40.63% |
Average Maturity: |
13.93 Years |
Effective Duration: |
5.21 Years |
Total Net Assets: |
$1,704.08 Million |
Net Asset Value: |
$7.90 |
Number of Holdings: |
452 |
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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