AllianceBernstein Income Fund Releases Monthly Portfolio Update

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Nov 29, 2011, 04:29 ET

NEW YORK, Nov. 29, 2011 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of October 31, 2011.

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings
	Portfolio %
1) U.S. Treasury Notes 2.625%, 2/29/16 - 11/15/20	21.16%
2) U.S. Treasury Notes 2.75%, 11/30/16 - 2/15/19	16.89%
3) U.S. Treasury STRIPS Zero Coupon, 5/15/17	7.67%
4) U.S. Treasury Notes 1.875%, 10/31/17	4.18%
5) U.S. Treasury STRIPS Zero Coupon, 11/15/21	4.10%
6) U.S. Treasury Notes 3.625%, 2/15/20	3.10%
7) Federal National Mortgage Association 5.375%,	2.25%
6/12/17
8) U.S. Treasury Notes 1.50%, 8/31/18	2.20%
9) U.S. Treasury Bonds 6.625%, 2/15/27	2.14%
10) Residual Funding Corp. Principal Strip 0.01%,	1.58%
7/15/20

Fixed Income Holdings by Security Type
	Portfolio %
Governments - Treasuries
Treasuries	64.75%
SUBTOTAL	64.75%
Corporates - Investment Grades
Financial Institutions
Banking	2.40%
Insurance	1.33%
REITS	0.28%
Finance	0.24%
Brokerage	0.14%
Other Finance	0.14%
SUBTOTAL	4.53%
Industrial
Energy	1.36%
Basic	0.74%
Communications - Telecommunications	0.56%
Transportation - Airlines	0.38%
Capital Goods	0.35%
Communications - Media	0.29%
Transportation - Services	0.16%
Consumer Non-Cyclical	0.12%
Consumer Cyclical - Entertainment	0.10%
Technology	0.10%
Other Industrial	0.09%
Consumer Cyclical - Automotive	0.07%
Consumer Cyclical - Retailers	0.04%
SUBTOTAL	4.36%
Non Corporate Sectors
Agencies - Not Government Guaranteed	1.32%
SUBTOTAL	1.32%
Utility
Electric	0.14%
Natural Gas	0.07%
SUBTOTAL	0.21%
SUBTOTAL	10.42%
Corporates - Non-Investment Grades
Industrial
Capital Goods	0.86%
Communications - Media	0.61%
Consumer Non-Cyclical	0.53%
Consumer Cyclical - Retailers	0.49%
Energy	0.49%
Consumer Cyclical - Automotive	0.43%
Basic	0.42%
Communications - Telecommunications	0.29%
Services	0.23%
Consumer Cyclical - Other	0.22%
Consumer Cyclical - Entertainment	0.03%
Transportation - Airlines	0.02%
Technology	0.01%
SUBTOTAL	4.63%
Utility
Electric	0.70%
Natural Gas	0.07%
SUBTOTAL	0.77%
Financial Institutions
Banking	0.21%
Finance	0.16%
REITS	0.10%
Other Finance	0.06%
Brokerage	0.03%
SUBTOTAL	0.56%
SUBTOTAL	5.96%
Mortgage Pass-Through's
Agency Fixed Rate 30-Year	3.12%
Agency ARMs	1.46%
SUBTOTAL	4.58%
Agencies
Agency Debentures	3.83%
SUBTOTAL	3.83%
Commercial Mortgage-Backed Securities
Non-Agency Fixed Rate CMBS	2.34%
SUBTOTAL	2.34%
Quasi-Sovereigns
Quasi-Sovereign Bonds	1.72%
SUBTOTAL	1.72%
Inflation-Linked Securities	1.43%
Bank Loans
Industrial
Consumer Non-Cyclical	0.24%
Capital Goods	0.18%
Communications - Media	0.16%
Services	0.14%
Basic	0.12%
Technology	0.10%
Consumer Cyclical - Other	0.08%
Communications - Telecommunications	0.04%
Consumer Cyclical - Retailers	0.04%
Consumer Cyclical - Entertainment	0.03%
Energy	0.02%
Other Industrial	0.01%
Transportation - Services	0.01%
SUBTOTAL	1.17%
Utility
Electric	0.10%
SUBTOTAL	0.10%
Financial Institutions
Finance	0.04%
Other Finance	0.02%
SUBTOTAL	0.06%
SUBTOTAL	1.33%
Emerging Markets - Corporate Bonds
Industrial
Basic	0.36%
Communications - Telecommunications	0.20%
Communications - Media	0.18%
Other Industrial	0.10%
Consumer Non-Cyclical	0.09%
Consumer Cyclical - Other	0.08%
SUBTOTAL	1.01%
Financial Institutions
Banking	0.14%
Other Finance	0.14%
SUBTOTAL	0.28%
Utility
Electric	0.03%
SUBTOTAL	0.03%
SUBTOTAL	1.32%
Emerging Markets - Sovereigns	1.13%
Local Governments - Municipal Bonds	0.35%
Governments - Sovereign Bonds	0.30%
Emerging Markets - Treasuries	0.09%
Asset-Backed Securities
Autos - Floating Rate	0.07%
SUBTOTAL	0.07%
Preferred Stocks
Financial Institutions	0.06%
Non Corporate Sectors	0.01%
SUBTOTAL	0.07%
Common Stocks	0.03%
Collateralized Mortgage Obligations
Non-Agency Fixed Rate	0.01%
SUBTOTAL	0.01%
Options Purchased - Puts	0.01%
Warrants	0.01%
Short-Term Investments
Investment Companies	0.25%
Total Fixed Income	100.00%

Country Breakdown
	Portfolio %
United States	89.48%
Russia	3.50%
Brazil	1.17%
Indonesia	0.82%
United Kingdom	0.66%
Australia	0.52%
Canada	0.38%
Argentina	0.35%
South Africa	0.33%
Luxembourg	0.26%
India	0.23%
Netherlands	0.21%
El Salvador	0.20%
Peru	0.19%
Lithuania	0.17%
United Arab Emirates	0.17%
Hong Kong	0.17%
Ukraine	0.13%
Barbados	0.13%
Kazakhstan	0.12%
Croatia	0.12%
Colombia	0.11%
New Zealand	0.10%
Switzerland	0.09%
Turkey	0.09%
China	0.09%
Germany	0.07%
Japan	0.05%
Israel	0.03%
South Korea	0.03%
France	0.03%
Total Investments	100.00%

Net Currency Exposure Breakdown
	Portfolio %
United States Dollar	99.63%
Chinese Yuan Renminbi	1.29%
Norwegian Krone	0.97%
Russian Rubles	0.42%
New Turkish Lira	0.13%
South African Rand	0.01%
Great British Pound	-0.02%
Brazilian Real	-0.12%
Japanese Yen	-0.39%
Euro Dollar	-1.92%
Total Investments	100.00%

Credit Quality Breakdown
	Portfolio %
AAA	75.69%
AA	1.09%
A	3.36%
BBB	10.01%
BB	6.56%
B	2.48%
CCC	0.31%
CC	0.01%
D	0.03%
Short Term Investments	0.26%
Not Rated	0.20%
Total Investments	100.00%

Portfolio Statistics:
Average Coupon:	5.50
Average Bond Price :	107.25
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	46.16%*
Preferred Stock:	0.00%
Tender Option Bonds:	0.00%
Term Asset-Backed Loans Facility (TALF):	0.00%
Total Fund Leverage:	46.16%
Average Maturity:	10.64 Years
Effective Duration:	6.67 Years
Total Net Assets:	$2,181.80 Million
Net Asset Value:	$8.98
Number of Holdings:	345

* 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.