AllianceBernstein Income Fund Releases Monthly Portfolio Update

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

21.55%

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

19.75%

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

17.09%

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

13.85%

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

9.14%

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

5.36%

7) U.S. Treasury Bonds 3.125%, 8/15/44

4.32%

8) U.S. Treasury Notes 1.625%, 8/31/19

4.26%

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

3.44%

10) U.S. Treasury Bonds 8.75%, 8/15/20

2.85%

Investment Type

Portfolio %

Global Governments

104.14%

Corporates - Non-Investment Grades

Industrial

Communications - Media

2.23%

Energy

1.72%

Consumer Non-Cyclical

1.23%

Basic

1.01%

Capital Goods

0.79%

Communications - Telecommunications

0.76%

Technology

0.73%

Consumer Cyclical - Retailers

0.64%

Services

0.26%

Consumer Cyclical - Automotive

0.20%

Consumer Cyclical - Other

0.20%

Other Industrial

0.16%

Consumer Cyclical - Entertainment

0.11%

Transportation - Services

0.09%

SUBTOTAL

10.13%

Credit Default Swaps

2.30%

Financial Institutions

Banking

1.79%

Finance

0.22%

Insurance

0.14%

Other Finance

0.14%

SUBTOTAL

2.29%

Utility

Electric

0.76%

SUBTOTAL

0.76%

SUBTOTAL

15.48%

Agencies

Agency Debentures

3.75%

Agency Subordinated

3.44%

SUBTOTAL

7.19%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

1.03%

Basic

0.82%

Energy

0.73%

Capital Goods

0.40%

Technology

0.29%

Transportation - Airlines

0.08%

Communications - Media

0.06%

SUBTOTAL

3.41%

Financial Institutions

Insurance

1.29%

Banking

0.96%

Finance

0.25%

SUBTOTAL

2.50%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.31%

Energy

0.02%

SUBTOTAL

0.33%

Credit Default Swaps

0.27%

Utility

Electric

0.19%

SUBTOTAL

0.19%

SUBTOTAL

6.70%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

2.19%

Non-Agency Fixed Rate

1.76%

Non-Agency Floating Rate

0.65%

Agency Fixed Rate

0.21%

SUBTOTAL

4.81%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.76%

Credit Default Swaps

0.21%

SUBTOTAL

2.97%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.54%

Capital Goods

0.36%

Basic

0.23%

Consumer Cyclical - Retailers

0.22%

Energy

0.20%

Transportation - Airlines

0.19%

Communications - Media

0.18%

Communications - Telecommunications

0.18%

SUBTOTAL

2.10%

SUBTOTAL

2.10%

Preferred Stocks

Financial Institutions

1.33%

Industrial

0.18%

SUBTOTAL

1.51%

Local Governments - Municipal Bonds

1.22%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.18%

SUBTOTAL

1.18%

Bank Loans

Industrial

Consumer Non-Cyclical

0.31%

Consumer Cyclical - Automotive

0.31%

Other Industrial

0.24%

Communications - Media

0.09%

Consumer Cyclical - Other

0.08%

Technology

0.07%

Basic

0.04%

SUBTOTAL

1.14%

SUBTOTAL

1.14%

Mortgage Pass-Throughs

Agency ARMs

0.64%

Agency Fixed Rate 30-Year

0.27%

SUBTOTAL

0.91%

Whole Loan Trusts

Performing Asset

0.90%

SUBTOTAL

0.90%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

0.69%

Credit Default Swaps

-0.46%

SUBTOTAL

0.23%

Governments - Sovereign Agencies

0.21%

Currency Instruments

Forward Currency Exchange Contracts

0.14%

SUBTOTAL

0.14%

Investment Companies

Funds and Investment Trusts

0.13%

SUBTOTAL

0.13%

Asset-Backed Securities

Other ABS - Fixed Rate

0.05%

SUBTOTAL

0.05%

Common Stocks

0.05%

Options Purchased - Calls

Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Interest Rate Swaps - SIFMA

-5.37%

Interest Rate Futures

-49.08%

Reverse Repurchase Agreements

-52.19%

Net Cash Equivalents

Cash

3.95%

Investment Companies

1.49%

SUBTOTAL

5.44%

Derivative Offsets

Futures Offsets

48.18%

Swaps Offsets

1.95%

SUBTOTAL

50.13%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

91.67%

Brazil

1.11%

Mexico

1.06%

Canada

0.89%

United Kingdom

0.53%

Switzerland

0.46%

Luxembourg

0.38%

Indonesia

0.32%

France

0.28%

Peru

0.27%

Norway

0.26%

India

0.25%

Hungary

0.25%

Germany

0.24%

Spain

0.23%

El Salvador

0.22%

Dominican Republic

0.16%

Barbados

0.14%

Netherlands

0.14%

Colombia

0.13%

Venezuela

0.12%

South Africa

0.12%

Chile

0.11%

Italy

0.10%

Ireland

0.08%

Guatemala

0.07%

Zambia

0.06%

Pakistan

0.06%

Belgium

0.06%

Jamaica

0.05%

Sri Lanka

0.05%

Singapore

0.04%

Morocco

0.04%

Australia

0.03%

Sweden

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

105.96%

Mexican Peso

0.98%

Brazilian Real

0.05%

Great British Pound

0.03%

New Zealand Dollar

0.01%

Euro

-1.53%

Japanese Yen

-2.43%

Australian Dollar

-3.07%

Total Investments

100.00%

Credit Rating

Portfolio %

AAA

61.02%

AA

0.26%

A

1.98%

BBB

9.54%

BB

8.90%

B

7.05%

CCC

2.81%

CC

0.33%

D

0.39%

Not Rated

3.05%

Short Term Investments

1.49%

N/A

3.18%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-46.51%

1 to 5 years

19.03%

5 to 10 years

58.46%

10 to 20 years

59.37%

20 to 30 years

9.21%

More than 30 years

0.39%

Other

0.05%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.14%

Average Bond Price :

119.55

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

36.68%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

36.68%

Average Maturity:

13.51 Years

Effective Duration:

5.65 Years

Total Net Assets:

$1,901.85 Million

Net Asset Value:

$8.34

Number of Holdings:

412

Portfolio Turnover:

107%

* 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.