NEW YORK, Feb. 22, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of January 31, 2016.
AB Income Fund, Inc. Top 10 Fixed Income Holdings Portfolio % 1) U.S. Treasury Notes 3.625%, 2/15/21 19.19% 2) U.S. Treasury Bonds 6.25%, 5/15/30 19.09% 3) U.S. Treasury Bonds 6.375%, 8/15/27 18.93% 4) U.S. Treasury Bonds 6.50%, 11/15/26 15.43% 5) U.S. Treasury Notes 2.125%, 8/31/20 -9/30/21 11.22% 6) U.S. Treasury Notes 3.125%, 5/15/21 6.06% 7) U.S. Treasury Bonds 3.125%, 8/15/44 4.82% 8) U.S. Treasury Bonds 8.75%, 8/15/20 3.08% 9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 2.30% 10) U.S. Treasury Bonds 8.00%, 11/15/21 2.16% Investment Type Portfolio % Global Governments 107.74% Corporates - Non-Investment Grade Industrial Consumer Non-Cyclical 2.20% Energy 2.17% Communications - Media 1.83% Communications - Telecommunications 0.90% Basic 0.67% Capital Goods 0.64% Consumer Cyclical - Other 0.64% Consumer Cyclical - Retailers 0.62% Technology 0.42% Consumer Cyclical - Automotive 0.37% Transportation - Services 0.25% Services 0.20% Other Industrial 0.19% Consumer Cyclical - Entertainment 0.15% SUBTOTAL 11.25% Credit Default Swaps 2.05% SUBTOTAL 2.05% Financial Institutions Banking 1.44% Other Finance 0.14% Finance 0.07% REITS 0.06% SUBTOTAL 1.71% Utility Electric 0.69% SUBTOTAL 0.69% SUBTOTAL 15.70% Collateralized Mortgage Obligations GSE Risk Share Floating Rate 3.93% Non-Agency Fixed Rate 1.65% Agency Fixed Rate 0.19% Non-Agency Floating Rate 0.04% SUBTOTAL 5.81% Corporates - Investment Grade Industrial Communications - Telecommunications 0.75% Energy 0.57% Consumer Non-Cyclical 0.34% Capital Goods 0.30% Basic 0.19% Technology 0.19% Consumer Cyclical - Retailers 0.14% Transportation - Airlines 0.09% SUBTOTAL 2.57% Financial Institutions Insurance 1.48% Banking 0.48% SUBTOTAL 1.96% Utility Electric 0.21% SUBTOTAL 0.21% Credit Default Swaps 0.08% SUBTOTAL 0.08% SUBTOTAL 4.82% Commercial Mortgage-Backed Securities Non-Agency Fixed Rate CMBS 3.36% Credit Default Swaps 1.20% Non-Agency Floating Rate CMBS 0.24% SUBTOTAL 4.80% Agencies Agency Debentures 4.26% SUBTOTAL 4.26% Whole Loan Trusts Performing Asset 1.54% SUBTOTAL 1.54% Emerging Markets - Corporate Bonds Industrial Consumer Non-Cyclical 0.40% Capital Goods 0.30% Communications - Telecommunications 0.19% Basic 0.18% Consumer Cyclical - Retailers 0.14% Transportation - Airlines 0.13% SUBTOTAL 1.34% SUBTOTAL 1.34% Emerging Markets - Sovereigns Emerging Markets - Sovereigns 0.87% Credit Default Swaps 0.44% SUBTOTAL 1.31% Common Stocks 1.30% Quasi-Sovereigns Quasi-Sovereign Bonds 0.90% SUBTOTAL 0.90% Preferred Stocks Financial Institutions 0.53% Industrial 0.22% SUBTOTAL 0.75% Local Governments - Municipal Bonds 0.40% Governments - Sovereign Agencies 0.29% Asset-Backed Securities Autos - Fixed Rate 0.13% Other ABS - Fixed Rate 0.10% SUBTOTAL 0.23% Bank Loans Industrial Basic 0.09% Other Industrial 0.05% Technology 0.01% SUBTOTAL 0.15% SUBTOTAL 0.15% Currency Instruments Forward Currency Exchange Contracts 0.14% SUBTOTAL 0.14% Investment Companies Funds and Investment Trusts 0.06% SUBTOTAL 0.06% Interest Rate Swaps -31.23% Interest Rate Futures -47.37% Reverse Repurchase Agreements -54.68% Net Cash Equivalents Investment Companies 4.74% Cash 2.30% SUBTOTAL 7.04% Derivative Offsets Futures Offsets 45.84% Swaps Offsets 28.86% SUBTOTAL 74.70% Total 100.00% Country Breakdown Portfolio % United States 93.17% Brazil 1.00% Canada 0.88% Bermuda 0.79% Mexico 0.76% France 0.38% Indonesia 0.29% Luxembourg 0.29% United Kingdom 0.28% Germany 0.26% Switzerland 0.24% Spain 0.23% India 0.20% Italy 0.16% Barbados 0.15% El Salvador 0.14% Kenya 0.10% Dominican Republic 0.09% Ivory Coast 0.08% Angola 0.08% Jamaica 0.06% Guatemala 0.06% Netherlands 0.06% Ghana 0.05% Morocco 0.04% South Africa 0.04% Zambia 0.04% Norway 0.02% Australia 0.02% Sweden 0.02% Peru 0.01% Belgium 0.01% Total 100.00% Net Currency Exposure Breakdown Portfolio % United States Dollar 105.00% New Zealand Dollar 0.05% Brazilian Real 0.04% Argentine Peso 0.03% Mexican Peso 0.02% Australian Dollar -0.03% Norwegian Krone -0.03% Great British Pound -0.06% Canadian Dollar -0.50% Singapore Dollar -1.54% Taiwan New Dollar -2.98% Total Net Assets 100.00% Credit Rating Portfolio % AAA 58.38% AA 0.07% A 1.59% BBB 8.78% BB 8.05% B 6.27% CCC 1.93% CC 0.26% C 0.05% D 0.36% Not Rated 5.64% Short Term Investments 4.74% N/A 3.88% Total 100.00% Bonds By Maturity Portfolio % Less than 1 year -46.51% 1 to 5 years 28.30% 5 to 10 years 49.74% 10 to 20 years 58.60% 20 to 30 years 8.01% More than 30 years 0.56% Other 1.30% Total Net Assets 100.00% Portfolio Statistics: Average Coupon: 7.39% Average Bond Price : 118.63 Percentage of Leverage (based on Gross Assets): Bank Borrowing: 0.00% Investment Operations: 40.63%* Preferred Stock: 0.00% Tender Option Bonds: 0.00% VMTP Shares: 0.00% Total Fund Leverage: 40.63% Average Maturity: 13.93 Years Effective Duration: 5.21 Years Total Net Assets: $1,704.08 Million Net Asset Value: $7.90 Number of Holdings: 452 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.