AllianceBernstein Income Fund Releases Monthly Portfolio Update

Mar 29, 2011, 16:06 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, March 29, 2011 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2011.

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Notes   2.75%, 11/30/16

10.83%

2) U.S. Treasury Notes   2.625%, 2/29/16 - 11/15/20

9.66%

3) U.S. Treasury Notes   1.875%, 6/30/15 - 10/31/17

9.37%

4) U.S. Treasury STRIPS   Zero Coupon, 5/15/17

7.09%

5) U.S. Treasury Notes   4.50%, 11/15/15 - 2/15/16

5.31%

6) U.S. Treasury STRIPS   Zero Coupon, 11/15/21

3.53%

7) U.S. Treasury Bonds   6.625%, 2/15/27

3.08%

8) U.S. Treasury Notes   3.625%, 2/15/20

2.87%

9) U.S. Treasury Notes   4.25%, 8/15/15

2.75%

10) Federal National Mortgage Association   4.375%, 10/15/15

2.70%

Fixed Income Holdings by Security Type

Portfolio %

Governments - Treasuries

Treasuries

58.86%

SUBTOTAL

58.86%

Corporates - Investment Grades

Industrial

Energy

1.46%

Basic

1.32%

Transportation - Airlines

0.39%

Capital Goods

0.34%

Consumer Non-Cyclical

0.31%

Communications - Media

0.29%

Communications - Telecommunications

0.27%

Consumer Cyclical - Automotive

0.23%

Other Industrial

0.21%

Transportation - Services

0.15%

Consumer Cyclical - Entertainment

0.10%

Technology

0.10%

SUBTOTAL

5.17%

Financial Institutions

Banking

2.50%

Insurance

1.19%

REITS

0.29%

Finance

0.25%

Brokerage

0.07%

Other Finance

0.02%

SUBTOTAL

4.32%

Non Corporate Sectors

Agencies - Not Government Guaranteed

1.03%

SUBTOTAL

1.03%

Utility

Electric

0.12%

SUBTOTAL

0.12%

SUBTOTAL

10.64%

Corporates - Non-Investment Grades

Industrial

Basic

1.47%

Communications - Media

0.93%

Capital Goods

0.65%

Communications - Telecommunications

0.58%

Consumer Cyclical - Retailers

0.51%

Energy

0.44%

Consumer Non-Cyclical

0.37%

Consumer Cyclical - Automotive

0.35%

Consumer Cyclical - Other

0.31%

Services

0.23%

Consumer Cyclical - Entertainment

0.20%

Other Industrial

0.14%

Technology

0.03%

Transportation - Airlines

0.02%

SUBTOTAL

6.23%

Utility

Electric

0.72%

Natural Gas

0.18%

SUBTOTAL

0.90%

Financial Institutions

Finance

0.27%

Banking

0.23%

Other Finance

0.14%

REITS

0.11%

Brokerage

0.03%

SUBTOTAL

0.78%

SUBTOTAL

7.91%

Agencies

Agency Debentures

4.88%

SUBTOTAL

4.88%

Mortgage Pass-Thru's

Agency Fixed Rate 30-Year

2.38%

Agency ARMs

1.98%

SUBTOTAL

4.36%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.83%

Agency CMBS

0.23%

SUBTOTAL

4.06%

Quasi-Sovereigns

Quasi-Sovereign Bonds

2.08%

SUBTOTAL

2.08%

Bank Loans

Industrial

Technology

0.30%

Services

0.21%

Capital Goods

0.20%

Communications - Media

0.20%

Communications - Telecommunications

0.20%

Consumer Non-Cyclical

0.14%

Basic

0.11%

Consumer Cyclical - Other

0.10%

Consumer Cyclical - Retailers

0.09%

Consumer Cyclical - Entertainment

0.07%

Energy

0.03%

Transportation - Airlines

0.03%

Consumer Cyclical - Automotive

0.01%

Other Industrial

0.01%

Transportation - Services

0.01%

SUBTOTAL

1.71%

Financial Institutions

Finance

0.14%

Insurance

0.01%

SUBTOTAL

0.15%

Utility

Electric

0.12%

SUBTOTAL

0.12%

SUBTOTAL

1.98%

Inflation-Linked Securities

1.34%

Emerging Markets - Sovereigns

1.18%

Emerging Markets - Treasuries

0.55%

Emerging Markets - Corporate Bonds

Industrial

Energy

0.11%

Consumer Non-Cyclical

0.10%

Consumer Cyclical - Other

0.04%

SUBTOTAL

0.25%

Financial Institutions

Banking

0.22%

Other Finance

0.01%

SUBTOTAL

0.23%

SUBTOTAL

0.48%

Governments - Sovereign Bonds

0.44%

Local Governments - Municipal Bonds

0.33%

Asset-Backed Securities

Autos - Floating Rate

0.14%

SUBTOTAL

0.14%

Preferred Stocks

Financial Institutions

0.08%

Non Corporate Sectors

0.01%

SUBTOTAL

0.09%

CMOs

Non-Agency Fixed Rate

0.04%

SUBTOTAL

0.04%

Local Governments - Regional Bonds

0.01%

Short-Term Investments

Investment Companies

0.63%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

85.57%

Russia

3.96%

Brazil

2.51%

Indonesia

0.80%

Germany

0.74%

United Kingdom

0.73%

Colombia

0.57%

Kazakhstan

0.55%

Australia

0.46%

Argentina

0.41%

Canada

0.38%

South Africa

0.37%

Netherlands

0.34%

Luxembourg

0.31%

Hong Kong

0.31%

India

0.25%

El Salvador

0.20%

Peru

0.19%

Lithuania

0.18%

Poland

0.17%

Sweden

0.16%

Barbados

0.15%

Ukraine

0.14%

Switzerland

0.10%

Turkey

0.10%

New Zealand

0.10%

Croatia

0.09%

China

0.09%

Belgium

0.04%

France

0.03%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

71.29%

AA

1.30%

A

3.07%

BBB

12.28%

BB

7.53%

B

3.00%

CCC

0.52%

CC

0.01%

D

0.03%

Short Term Investments

0.63%

Not Rated

0.34%

Total Investments

100.00%

Portfolio Statistics:

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

46.90%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

46.9%

Average Maturity:

10.29 Years

Effective Duration:

6.14 Years

Total Net Assets:

$2,129.2

Net Asset Value:

$8.77

Number of Holdings:

388

* 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 AllianceBernstein Income Fund, Inc.