AB Income Fund Releases Monthly Portfolio Update
April 27 2015 - 4:15PM
PR Newswire (US)
NEW YORK,
April 27, 2015 /PRNewswire/
-- AB Income Fund, Inc. [NYSE: ACG] (the "Fund") today
released its monthly portfolio update as of March 31, 2015.
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AB Income Fund,
Inc.
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Top 10 Fixed
Income Holdings
|
Portfolio
%
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1) U.S. Treasury
Bonds 6.00%, 2/15/26
|
22.41%
|
2) U.S. Treasury
Bonds 6.375%, 8/15/27
|
20.57%
|
3) U.S. Treasury
Notes 3.625%, 2/15/21
|
17.72%
|
4) U.S. Treasury
Bonds 6.50%, 11/15/26
|
14.42%
|
5) U.S. Treasury
Notes 2.125%, 8/31/20 - 8/15/21
|
9.51%
|
6) U.S. Treasury
Notes 3.125%, 5/15/21
|
5.57%
|
7) U.S. Treasury
Bonds 3.125%, 8/15/44
|
4.61%
|
8) U.S. Treasury
Notes 1.25%, 1/31/20
|
4.28%
|
9) U.S. Treasury
Bonds 8.75%, 8/15/20
|
2.93%
|
10) Residual Funding
Corp. Principal Strip Zero Coupon, 7/15/20
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2.06%
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Investment
Type
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Portfolio
%
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Global
Governments
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110.91%
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Corporates -
Non-Investment Grades
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Industrial
|
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Energy
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1.87%
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Communications -
Media
|
1.62%
|
Consumer
Non-Cyclical
|
1.44%
|
Basic
|
0.91%
|
Communications -
Telecommunications
|
0.80%
|
Consumer Cyclical -
Retailers
|
0.71%
|
Capital
Goods
|
0.65%
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Technology
|
0.43%
|
Consumer Cyclical -
Other
|
0.29%
|
Services
|
0.28%
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Transportation -
Services
|
0.25%
|
Other
Industrial
|
0.18%
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Consumer Cyclical -
Entertainment
|
0.12%
|
Consumer Cyclical -
Automotive
|
0.01%
|
SUBTOTAL
|
9.56%
|
Credit Default
Swaps
|
2.17%
|
Financial
Institutions
|
|
Banking
|
0.96%
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Insurance
|
0.14%
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Other
Finance
|
0.12%
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Finance
|
0.10%
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SUBTOTAL
|
1.32%
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Utility
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Electric
|
0.73%
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SUBTOTAL
|
0.73%
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SUBTOTAL
|
13.78%
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Corporates -
Investment Grades
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Industrial
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Communications -
Telecommunications
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0.79%
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Basic
|
0.64%
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Capital
Goods
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0.39%
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Energy
|
0.36%
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Transportation -
Airlines
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0.08%
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Communications -
Media
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0.06%
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SUBTOTAL
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2.32%
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Financial
Institutions
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Insurance
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1.34%
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Banking
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0.74%
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SUBTOTAL
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2.08%
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Non Corporate
Sectors
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Agencies - Not
Government Guaranteed
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0.31%
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SUBTOTAL
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0.31%
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Credit Default
Swaps
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0.28%
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Utility
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Electric
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0.19%
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SUBTOTAL
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0.19%
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SUBTOTAL
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5.18%
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Collateralized
Mortgage Obligations
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Non-Agency Floating
Rate
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1.82%
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Non-Agency Fixed
Rate
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1.60%
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GSE Risk Share
Floating Rate
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1.20%
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Agency Fixed
Rate
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0.19%
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SUBTOTAL
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4.81%
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Agencies
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Agency
Debentures
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3.92%
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SUBTOTAL
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3.92%
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Commercial
Mortgage-Backed Securities
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Non-Agency Fixed Rate
CMBS
|
2.91%
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Credit Default
Swaps
|
0.22%
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SUBTOTAL
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3.13%
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Emerging Markets -
Corporate Bonds
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Industrial
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Consumer
Non-Cyclical
|
0.47%
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Capital
Goods
|
0.37%
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Consumer Cyclical -
Retailers
|
0.23%
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Basic
|
0.22%
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Communications -
Telecommunications
|
0.21%
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Transportation -
Airlines
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0.20%
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SUBTOTAL
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1.70%
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SUBTOTAL
|
1.70%
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Whole Loan
Trusts
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Performing
Asset
|
1.28%
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SUBTOTAL
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1.28%
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Quasi-Sovereigns
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Quasi-Sovereign
Bonds
|
1.21%
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SUBTOTAL
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1.21%
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Local Governments -
Municipal Bonds
|
1.01%
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Preferred
Stocks
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Financial
Institutions
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0.76%
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Industrial
|
0.19%
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SUBTOTAL
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0.95%
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Bank Loans
|
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Industrial
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Consumer
Non-Cyclical
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0.43%
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Energy
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0.11%
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Other
Industrial
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0.10%
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Consumer Cyclical -
Other
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0.09%
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Communications -
Media
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0.07%
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Consumer Cyclical -
Automotive
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0.05%
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Technology
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0.05%
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Basic
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0.04%
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SUBTOTAL
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0.94%
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SUBTOTAL
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0.94%
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Emerging Markets -
Sovereigns
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0.83%
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Common
Stocks
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0.30%
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Investment
Companies
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Funds and Investment
Trusts
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0.14%
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SUBTOTAL
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0.14%
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Currency
Instruments
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Forward Currency
Exchange Contracts
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0.06%
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SUBTOTAL
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0.06%
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Governments -
Sovereign Agencies
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0.02%
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Interest Rate Swaps -
SIFMA
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-14.08%
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Interest Rate
Futures
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-45.36%
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Reverse Repurchase
Agreements
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-55.14%
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Net Cash
Equivalents
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Investment
Companies
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4.63%
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Cash
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4.52%
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Governments -
Treasuries
|
0.23%
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SUBTOTAL
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9.38%
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Derivative
Offsets
|
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Futures
Offsets
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44.62%
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Swaps
Offsets
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10.41%
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SUBTOTAL
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55.03%
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|
100.00%
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|
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Country
Breakdown
|
Portfolio
%
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United
States
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91.41%
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Brazil
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2.25%
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Mexico
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1.10%
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Canada
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0.86%
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Luxembourg
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0.43%
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United
Kingdom
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0.34%
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Indonesia
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0.32%
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France
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0.28%
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Peru
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0.27%
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India
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0.25%
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Germany
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0.25%
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Spain
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0.24%
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Switzerland
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0.24%
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El
Salvador
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0.22%
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Italy
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0.21%
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Bermuda
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0.16%
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Dominican
Republic
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0.15%
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Uruguay
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0.15%
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Barbados
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0.14%
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Venezuela
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0.11%
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Ivory
Coast
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0.09%
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Guatemala
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0.08%
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Belgium
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0.06%
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Pakistan
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0.06%
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Zambia
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0.06%
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Jamaica
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0.06%
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Norway
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0.04%
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Sri Lanka
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0.04%
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Morocco
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0.04%
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South
Africa
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0.04%
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Australia
|
0.03%
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Sweden
|
0.02%
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Total
Investments
|
100.00%
|
|
|
Net Currency
Exposure Breakdown
|
Portfolio
%
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United States
Dollar
|
109.14%
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Indonesian
Rupiah
|
0.62%
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Uruguayan
Peso
|
0.23%
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Mexican
Peso
|
0.01%
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New Zealand
Dollar
|
-0.49%
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Singapore
Dollar
|
-0.50%
|
Taiwan New
Dollar
|
-0.52%
|
Swiss
Franc
|
-1.00%
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Canadian
Dollar
|
-1.01%
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Brazilian
Real
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-1.45%
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Australian
Dollar
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-1.97%
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Great British
Pound
|
-3.06%
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Total Net
Assets
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100.00%
|
|
|
Credit
Rating
|
Portfolio
%
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AAA
|
59.70%
|
A
|
1.68%
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BBB
|
9.30%
|
BB
|
6.23%
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B
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7.64%
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CCC
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3.24%
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CC
|
0.17%
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C
|
0.01%
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D
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0.38%
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Not Rated
|
3.39%
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Short Term
Investments
|
4.85%
|
N/A
|
3.41%
|
|
100.00%
|
|
|
Bonds By
Maturity
|
Portfolio
%
|
Less than 1
year
|
-45.71%
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1 to 5
years
|
15.85%
|
5 to 10
years
|
58.36%
|
10 to 20
years
|
61.81%
|
20 to 30
years
|
8.53%
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More than 30
years
|
0.86%
|
Other
|
0.30%
|
Total Net
Assets
|
100.00%
|
|
|
Portfolio
Statistics:
|
|
Average
Coupon:
|
7.52%
|
Average Bond Price
:
|
121.19
|
Percentage of
Leverage:
|
|
Bank
Borrowing:
|
0.00%
|
Investment
Operations:
|
39.72%*
|
Preferred
Stock:
|
0.00%
|
Tender Option
Bonds:
|
0.00%
|
Term Asset-Backed
Loans Facility (TALF):
|
0.00%
|
Total Fund
Leverage:
|
0.00%
|
Average
Maturity:
|
14.16
Years
|
Effective
Duration:
|
4.98 Years
|
Total Net
Assets:
|
$1,858.31
Million
|
Net Asset
Value:
|
$8.50
|
Number of
Holdings:
|
436
|
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ab-income-fund-releases-monthly-portfolio-update-300072764.html
SOURCE AB Income Fund, Inc.
Copyright 2015 PR Newswire
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