AB Income Fund Releases Monthly Portfolio Update
NEW YORK, April 25, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of March 31, 2016.
| AB Income Fund, Inc. |
|
| Top 10 Fixed Income Holdings |
Portfolio % |
| 1) U.S. Treasury Bonds 6.25%, 5/15/30 |
19.22% |
| 2) U.S. Treasury Notes 3.625%, 2/15/21 |
19.05% |
| 3) U.S. Treasury Bonds 6.375%, 8/15/27 |
18.92% |
| 4) U.S. Treasury Bonds 6.50%, 11/15/26 |
15.41% |
| 5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21 |
11.16% |
| 6) U.S. Treasury Notes 3.125%, 5/15/21 |
6.02% |
| 7) U.S. Treasury Bonds 3.125%, 8/15/44 |
4.51% |
| 8) U.S. Treasury Notes 0.75%, 2/28/18 |
3.89% |
| 9) U.S. Treasury Bonds 8.75%, 8/15/20 |
3.03% |
| 10) U.S. Treasury Bonds 8.00%, 11/15/21 |
2.13% |
| Investment Type |
Portfolio % |
| Global Governments |
110.72% |
| Corporates - Non-Investment Grade |
|
| Industrial |
|
| Communications - Media |
1.10% |
| Energy |
1.09% |
| Consumer Non-Cyclical |
0.74% |
| Communications - Telecommunications |
0.70% |
| Consumer Cyclical - Automotive |
0.35% |
| Technology |
0.25% |
| Transportation - Services |
0.25% |
| Capital Goods |
0.24% |
| Basic |
0.21% |
| Consumer Cyclical - Other |
0.21% |
| Consumer Cyclical - Retailers |
0.17% |
| Other Industrial |
0.10% |
| SUBTOTAL |
5.41% |
| Credit Default Swaps |
2.07% |
| SUBTOTAL |
2.07% |
| Financial Institutions |
|
| Banking |
0.80% |
| Other Finance |
0.18% |
| Finance |
0.06% |
| SUBTOTAL |
1.04% |
| Utility |
|
| Electric |
0.21% |
| SUBTOTAL |
0.21% |
| SUBTOTAL |
8.73% |
| Collateralized Mortgage Obligations |
|
| Risk Share Floating Rate |
4.28% |
| Non-Agency Fixed Rate |
1.57% |
| Agency Fixed Rate |
0.07% |
| Non-Agency Floating Rate |
0.04% |
| SUBTOTAL |
5.96% |
| Commercial Mortgage-Backed Securities |
|
| Non-Agency Fixed Rate CMBS |
3.34% |
| Credit Default Swaps |
1.21% |
| Non-Agency Floating Rate CMBS |
0.24% |
| SUBTOTAL |
4.79% |
| Corporates - Investment Grade |
|
| Financial Institutions |
|
| Insurance |
1.28% |
| Banking |
0.48% |
| SUBTOTAL |
1.76% |
| Industrial |
|
| Communications - Telecommunications |
0.44% |
| Consumer Non-Cyclical |
0.30% |
| Energy |
0.28% |
| Basic |
0.22% |
| Technology |
0.21% |
| Transportation - Airlines |
0.08% |
| Capital Goods |
0.07% |
| SUBTOTAL |
1.60% |
| Utility |
|
| Electric |
0.22% |
| SUBTOTAL |
0.22% |
| Credit Default Swaps |
0.08% |
| SUBTOTAL |
0.08% |
| SUBTOTAL |
3.66% |
| Agencies |
|
| Agency Debentures |
3.33% |
| SUBTOTAL |
3.33% |
| Whole Loan Trusts |
|
| Performing Asset |
1.44% |
| SUBTOTAL |
1.44% |
| Common Stocks |
1.31% |
| Quasi-Sovereigns |
|
| Quasi-Sovereign Bonds |
0.98% |
| SUBTOTAL |
0.98% |
| Emerging Markets - Corporate Bonds |
|
| Industrial |
|
| Capital Goods |
0.34% |
| Consumer Non-Cyclical |
0.28% |
| Transportation - Airlines |
0.07% |
| Basic |
0.06% |
| Communications - Telecommunications |
0.06% |
| SUBTOTAL |
0.81% |
| SUBTOTAL |
0.81% |
| Emerging Markets - Sovereigns |
0.70% |
| Emerging Markets - Treasuries |
0.43% |
| Local Governments - Municipal Bonds |
0.39% |
| Asset-Backed Securities |
|
| Autos - Fixed Rate |
0.19% |
| Other ABS - Fixed Rate |
0.10% |
| SUBTOTAL |
0.29% |
| Preferred Stocks |
|
| Financial Institutions |
0.28% |
| SUBTOTAL |
0.28% |
| Governments - Sovereign Agencies |
0.24% |
| Investment Companies |
|
| Funds and Investment Trusts |
0.06% |
| SUBTOTAL |
0.06% |
| Bank Loans |
|
| Industrial |
|
| Basic |
0.04% |
| SUBTOTAL |
0.04% |
| SUBTOTAL |
0.04% |
| Put Options Written |
-0.01% |
| Currency Instruments |
|
| Forward Currency Exchange Contracts |
-0.22% |
| SUBTOTAL |
-0.22% |
| Interest Rate Swaps |
-32.86% |
| Interest Rate Futures |
-45.89% |
| Reverse Repurchase Agreements |
-54.57% |
| Net Cash Equivalents |
|
| Investment Companies |
10.51% |
| Cash |
3.85% |
| Foreign Currency |
0.03% |
| SUBTOTAL |
14.39% |
| Derivative Offsets |
|
| Futures Offsets |
46.01% |
| Swaps Offsets |
28.99% |
| SUBTOTAL |
75.00% |
| Total |
100.00% |
| Country Breakdown |
Portfolio % |
| United States |
95.14% |
| Brazil |
0.96% |
| Bermuda |
0.79% |
| Mexico |
0.60% |
| Canada |
0.52% |
| Indonesia |
0.32% |
| Germany |
0.27% |
| United Kingdom |
0.25% |
| Luxembourg |
0.17% |
| France |
0.16% |
| Kenya |
0.10% |
| Ivory Coast |
0.09% |
| Angola |
0.09% |
| Dominican Republic |
0.08% |
| Barbados |
0.08% |
| Switzerland |
0.08% |
| Zambia |
0.05% |
| Italy |
0.05% |
| Ghana |
0.05% |
| Jamaica |
0.04% |
| South Africa |
0.04% |
| Netherlands |
0.03% |
| Sweden |
0.02% |
| Norway |
0.01% |
| Peru |
0.01% |
| Total Investments |
100.00% |
| Net Currency Exposure Breakdown |
Portfolio % |
| United States Dollar |
107.92% |
| Norwegian Krone |
1.04% |
| Russian Rubles |
0.81% |
| New Turkish Lira |
0.76% |
| Mexican Peso |
0.54% |
| Brazilian Real |
0.50% |
| Argentine Peso |
0.46% |
| New Zealand Dollar |
0.09% |
| Polish Zloty |
-0.01% |
| Great British Pound |
-1.05% |
| Australian Dollar |
-1.10% |
| Euro |
-1.61% |
| Singapore Dollar |
-1.61% |
| Taiwan New Dollar |
-3.11% |
| Canadian Dollar |
-3.63% |
| Total Net Assets |
100.00% |
| Credit Rating |
Portfolio % |
| AAA |
60.93% |
| AA |
0.07% |
| A |
1.41% |
| BBB |
6.43% |
| BB |
4.88% |
| B |
3.78% |
| CCC |
1.62% |
| CC |
0.29% |
| C |
0.01% |
| D |
0.37% |
| Not Rated |
5.64% |
| Short Term Investments |
10.51% |
| N/A |
4.06% |
| Total |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
-39.72% |
| 1 to 5 years |
46.91% |
| 5 to 10 years |
25.54% |
| 10 to 20 years |
57.91% |
| 20 to 30 years |
7.20% |
| More than 30 years |
0.85% |
| Other |
1.31% |
| Total Net Assets |
100.00% |
| Portfolio Statistics: |
|
| Average Coupon: |
6.78% |
| Average Bond Price : |
121.49 |
| Percentage of Leverage (based on Gross Assets): |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
44.36%* |
| Preferred Stock: |
0.00% |
| Tender Option Bonds: |
0.00% |
| VMTP Shares: |
0.00% |
| Total Fund Leverage: |
44.36% |
| Average Maturity: |
13.18 Years |
| Effective Duration: |
4.86 Years |
| Total Net Assets: |
$1,723.35 Million |
| Net Asset Value: |
$7.98 |
| Number of Holdings: |
415 |
| Portfolio Turnover: |
34% |
* 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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