AllianceBernstein Income Fund Releases Monthly Portfolio Update

Jan 27, 2014, 16:06 ET from AllianceBernstein Income Fund, Inc.

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of December 31, 2013.

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 6.00%, 2/15/26

21.52%

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

17.47%

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

16.11%

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

12.37%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21

9.92%

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

5.01%

7) U.S. Treasury Notes 2.625%, 11/15/20

3.46%

8) Federal National Mortgage Association 5.375%, 6/12/17

3.43%

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

1.78%

10) U.S. Treasury Notes 2.00%, 2/15/22

1.25%

Investment Type

Portfolio %

Governments - Treasuries

Treasuries

89.64%

Treasury Futures

-45.76%

SUBTOTAL

43.88%

Corporates - Non-Investment Grades

Industrial

Communications - Media

2.98%

Consumer Non-Cyclical

2.03%

Energy

1.84%

Capital Goods

1.52%

Technology

0.97%

Basic

0.93%

Consumer Cyclical - Automotive

0.74%

Consumer Cyclical - Retailers

0.71%

Communications - Telecommunications

0.69%

Consumer Cyclical - Other

0.67%

Services

0.45%

Other Industrial

0.19%

Transportation - Services

0.15%

Consumer Cyclical - Entertainment

0.05%

SUBTOTAL

13.92%

Credit Default Swaps

3.56%

Financial Institutions

Banking

0.86%

Other Finance

0.44%

Finance

0.33%

Brokerage

0.15%

REITS

0.15%

Insurance

0.13%

SUBTOTAL

2.06%

Utility

Electric

1.26%

Natural Gas

0.39%

SUBTOTAL

1.65%

SUBTOTAL

21.19%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

1.64%

Capital Goods

0.82%

Basic

0.80%

Energy

0.65%

Consumer Non-Cyclical

0.52%

Communications - Media

0.50%

Consumer Cyclical - Retailers

0.26%

Technology

0.24%

Consumer Cyclical - Entertainment

0.16%

Consumer Cyclical - Other

0.11%

Transportation - Airlines

0.08%

Transportation - Services

0.05%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

5.87%

Financial Institutions

Insurance

1.20%

Banking

1.00%

REITS

0.57%

Finance

0.16%

Other Finance

0.02%

SUBTOTAL

2.95%

Non Corporate Sectors

Agencies - Not Government Guaranteed

1.43%

SUBTOTAL

1.43%

Utility

Electric

0.13%

Natural Gas

0.09%

SUBTOTAL

0.22%

Credit Default Swaps

-0.13%

SUBTOTAL

10.34%

Agencies

Agency Subordinated

3.42%

Agency Debentures

3.25%

SUBTOTAL

6.67%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

1.93%

Non-Agency Floating Rate

1.35%

Agency Fixed Rate

0.04%

SUBTOTAL

3.32%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.57%

Capital Goods

0.34%

Communications - Telecommunications

0.32%

Energy

0.23%

Consumer Cyclical - Retailers

0.21%

Transportation - Airlines

0.19%

Basic

0.17%

Communications - Media

0.09%

SUBTOTAL

2.12%

SUBTOTAL

2.12%

Preferred Stocks

Financial Institutions

1.84%

Industrial

0.15%

SUBTOTAL

1.99%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

1.87%

SUBTOTAL

1.87%

Mortgage Pass-Throughs

Agency Fixed Rate 30-Year

1.07%

Agency ARMs

0.66%

SUBTOTAL

1.73%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.64%

SUBTOTAL

1.64%

Bank Loans

Industrial

Consumer Non-Cyclical

0.41%

Consumer Cyclical - Automotive

0.32%

Other Industrial

0.20%

Technology

0.20%

Communications - Media

0.18%

Basic

0.10%

Consumer Cyclical - Other

0.08%

Energy

0.02%

SUBTOTAL

1.51%

SUBTOTAL

1.51%

Local Governments - Municipal Bonds

1.25%

Governments - Sovereign Bonds

0.63%

Governments - Sovereign Agencies

0.59%

Emerging Markets - Sovereigns

0.51%

Whole Loan Trusts

Performing Asset

0.37%

SUBTOTAL

0.37%

Common Stocks

Common Stocks

Common Stocks

0.15%

SUBTOTAL

0.15%

SUBTOTAL

0.15%

Currency Instruments

Forward Currency Exchange Contracts

0.01%

SUBTOTAL

0.01%

Reverse Repurchase Agreements

-45.99%

Net Cash Equivalents

Investment Companies

2.38%

Cash

0.61%

SUBTOTAL

2.99%

Derivative Offsets

Futures Offsets

46.56%

Swaps Offsets

-3.33%

SUBTOTAL

43.23%

100.00%

Country Breakdown

Portfolio %

United States

88.98%

Brazil

1.64%

Russia

1.53%

Mexico

1.48%

United Kingdom

0.90%

Canada

0.69%

Switzerland

0.46%

Germany

0.42%

Luxembourg

0.40%

Netherlands

0.32%

Indonesia

0.28%

Hungary

0.27%

India

0.24%

France

0.23%

Colombia

0.22%

Peru

0.20%

El Salvador

0.20%

Spain

0.19%

Venezuela

0.19%

Nigeria

0.15%

Portugal

0.14%

Norway

0.14%

South Africa

0.12%

Barbados

0.11%

Croatia

0.11%

Belgium

0.10%

Chile

0.10%

Singapore

0.07%

Australia

0.07%

Jamaica

0.05%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

99.80%

Russian Rubles

0.93%

New Zealand Dollar

0.50%

Nigerian Naira

0.21%

Brazilian Real

0.05%

Euro

0.03%

Australian Dollar

0.01%

Mexican Peso

-0.01%

Canadian Dollar

-1.52%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

50.83%

AA

0.16%

A

3.58%

BBB

12.77%

BB

12.08%

B

9.46%

CCC

3.42%

CC

0.53%

D

0.22%

Not Rated

0.94%

Short Term Investments

2.38%

N/A

3.63%

Total Net Assets

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-39.10%

1 to 5 years

20.35%

5 to 10 years

55.16%

10 to 20 years

55.82%

20 to 30 years

6.31%

More than 30 years

1.31%

Other

0.15%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.79%

Average Bond Price :

113.56

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

47.10%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

47.10%

Average Maturity:

14.04 Years

Effective Duration:

6.80 Years

Total Net Assets:

$1,975.70 Million

Net Asset Value:

$8.13

Number of Holdings:

434

Portfolio Turnover:

58%

* 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.