NEW YORK, Sept. 28, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of August 31, 2015.
AB Income Fund, Inc. Top 10 Fixed Income Holdings Portfolio % 1) U.S. Treasury Bonds 6.375%, 8/15/27 20.70% 2) U.S. Treasury Bonds 6.25%, 5/15/30 20.45% 3) U.S. Treasury Notes 3.625%, 2/15/21 18.16% 4) U.S. Treasury Bonds 6.50%, 11/15/26 14.52% 5) U.S. Treasury Notes 2.125%, 8/31/20 8.61% 6) U.S. Treasury Notes 3.125%, 5/15/21 5.71% 7) U.S. Treasury Bonds 3.125%, 8/15/44 4.42% 8) U.S. Treasury Bonds 8.75%, 8/15/20 2.97% 9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 2.14% 10) U.S. Treasury Bonds 8.00%, 11/15/21 2.06% Investment Type Portfolio % Global Governments 104.75% Corporates - Non-Investment Grade Industrial Consumer Non-Cyclical 2.04% Energy 2.02% Communications - Media 1.77% Communications - Telecommunications 0.81% Basic 0.78% Capital Goods 0.67% Consumer Cyclical - Retailers 0.63% Consumer Cyclical - Other 0.46% Consumer Cyclical - Automotive 0.36% Technology 0.36% Transportation - Services 0.36% Other Industrial 0.21% Services 0.21% Consumer Cyclical - Entertainment 0.09% SUBTOTAL 10.77% Credit Default Swaps 2.08% SUBTOTAL 2.08% Financial Institutions Banking 1.07% Other Finance 0.12% Finance 0.09% REITS 0.06% SUBTOTAL 1.34% Utility Electric 0.79% SUBTOTAL 0.79% SUBTOTAL 14.98% Collateralized Mortgage Obligations GSE Risk Share Floating Rate 3.19% Non-Agency Fixed Rate 1.70% Non-Agency Floating Rate 0.65% Agency Fixed Rate 0.17% SUBTOTAL 5.71% Corporates - Investment Grade Industrial Communications - Telecommunications 0.74% Basic 0.68% Energy 0.43% Capital Goods 0.32% Consumer Non-Cyclical 0.32% Consumer Cyclical - Retailers 0.14% Transportation - Airlines 0.08% SUBTOTAL 2.71% Financial Institutions Insurance 1.44% Banking 0.52% SUBTOTAL 1.96% Utility Electric 0.20% SUBTOTAL 0.20% Credit Default Swaps 0.08% SUBTOTAL 0.08% SUBTOTAL 4.95% Agencies Agency Debentures 3.96% SUBTOTAL 3.96% Commercial Mortgage-Backed Securities Non-Agency Fixed Rate CMBS 3.08% Non-Agency Floating Rate CMBS 0.23% Credit Default Swaps 0.22% SUBTOTAL 3.53% Emerging Markets - Corporate Bonds Industrial Consumer Non-Cyclical 0.50% Capital Goods 0.38% Basic 0.28% Communications - Telecommunications 0.21% Transportation - Airlines 0.16% Consumer Cyclical - Retailers 0.14% SUBTOTAL 1.67% SUBTOTAL 1.67% Whole Loan Trusts Performing Asset 1.35% SUBTOTAL 1.35% Common Stocks 1.20% Quasi-Sovereigns Quasi-Sovereign Bonds 1.12% SUBTOTAL 1.12% Emerging Markets - Sovereigns 0.92% Local Governments - Municipal Bonds 0.87% Preferred Stocks Financial Institutions 0.50% Industrial 0.20% SUBTOTAL 0.70% Bank Loans Industrial Consumer Non-Cyclical 0.14% Basic 0.12% Energy 0.10% Communications - Media 0.08% Other Industrial 0.05% Technology 0.01% SUBTOTAL 0.50% SUBTOTAL 0.50% Governments - Sovereign Agencies 0.49% Currency Instruments Forward Currency Exchange Contracts 0.30% SUBTOTAL 0.30% Investment Companies Funds and Investment Trusts 0.16% SUBTOTAL 0.16% Asset-Backed Securities Autos - Fixed Rate 0.12% SUBTOTAL 0.12% Options Purchased - Calls Swaptions 0.01% SUBTOTAL 0.01% Put Options Written -0.01% Interest Rate Swaps - SIFMA -38.96% Interest Rate Futures -46.22% Reverse Repurchase Agreements -51.96% Net Cash Equivalents Investment Companies 4.26% Cash 1.48% Foreign Currency -0.01% SUBTOTAL 5.73% Derivative Offsets Futures Offsets 46.61% Swaps Offsets 37.52% SUBTOTAL 84.13% 100.00% Country Breakdown Portfolio % United States 90.82% Brazil 2.37% Mexico 1.09% Canada 0.93% Bermuda 0.75% United Kingdom 0.42% Luxembourg 0.41% France 0.31% Switzerland 0.30% Indonesia 0.29% Germany 0.26% India 0.26% Spain 0.23% El Salvador 0.22% Barbados 0.15% Jamaica 0.14% Dominican Republic 0.12% Venezuela 0.12% Italy 0.11% Netherlands 0.10% Ivory Coast 0.09% South Africa 0.08% Guatemala 0.08% Pakistan 0.07% Belgium 0.07% Sri Lanka 0.05% Zambia 0.05% Morocco 0.04% Australia 0.03% Sweden 0.02% Norway 0.01% Peru 0.01% Total Investments 100.00% Net Currency Exposure Breakdown Portfolio % United States Dollar 105.81% Swedish Krona 1.05% Indonesian Rupiah 1.02% Japanese Yen 1.01% Mexican Peso 0.01% New Zealand Dollar 0.01% Malaysian Ringgit 0.01% Norwegian Krone -0.03% Brazilian Real -0.03% Great British Pound -0.03% Taiwan New Dollar -0.48% South Korean Won -1.02% Singapore Dollar -2.00% Australian Dollar -2.41% Euro -2.92% Total Net Assets 100.00% Credit Rating Portfolio % AAA 56.56% A 1.38% BBB 10.63% BB 7.14% B 7.39% CCC 2.88% CC 0.34% D 0.38% Not Rated 4.81% Short Term Investments 4.26% N/A 4.23% 100.00% Bonds By Maturity Portfolio % Less than 1 year -43.37% 1 to 5 years 20.18% 5 to 10 years 53.11% 10 to 20 years 60.57% 20 to 30 years 7.35% More than 30 years 0.96% Other 1.20% Total Net Assets 100.00% Portfolio Statistics: Average Coupon: 7.41% Average Bond Price : 119.33 Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 37.84%* Preferred Stock: 0.00% Tender Option Bonds: 0.00% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 37.84% Average Maturity: 14.28 Years Effective Duration: 4.57 Years Total Net Assets: $1,787.78 Million Net Asset Value: $8.25 Number of Holdings: 458 Portfolio Turnover: 32%
* 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.
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SOURCE AB Income Fund, Inc.