AB Income Fund Releases Monthly Portfolio Update
May 22 2015 - 4:06PM
PR Newswire (US)
NEW YORK, May 22, 2015 /PRNewswire/ -- AB Income Fund, Inc.
(NYSE:ACG) (the "Fund") today released its monthly portfolio update
as of April 30, 2015.
AB Income Fund,
Inc.
|
|
|
|
Top 10 Fixed
Income Holdings
|
Portfolio
%
|
1) U.S. Treasury
Bonds 6.00%, 2/15/26
|
22.50%
|
2) U.S. Treasury
Bonds 6.375%, 8/15/27
|
20.61%
|
3) U.S. Treasury
Notes 3.625%, 2/15/21
|
17.91%
|
4) U.S. Treasury
Bonds 6.50%, 11/15/26
|
14.45%
|
5) U.S. Treasury
Notes 2.125%, 8/31/20 - 8/15/21
|
9.62%
|
6) U.S. Treasury
Notes 3.125%, 5/15/21
|
5.62%
|
7) U.S. Treasury
Bonds 3.125%, 8/15/44
|
4.50%
|
8) U.S. Treasury
Bonds 8.75%, 8/15/20
|
2.96%
|
9) Residual Funding
Corp. Principal Strip Zero Coupon, 7/15/20
|
2.09%
|
10) U.S. Treasury
Bonds 8.00%, 11/15/21
|
2.05%
|
|
|
Investment
Type
|
Portfolio
%
|
Global
Governments
|
108.35%
|
Corporates -
Non-Investment Grades
|
|
Industrial
|
|
Energy
|
2.01%
|
Communications -
Media
|
1.64%
|
Consumer
Non-Cyclical
|
1.63%
|
Basic
|
0.92%
|
Communications -
Telecommunications
|
0.81%
|
Consumer Cyclical -
Retailers
|
0.72%
|
Capital
Goods
|
0.60%
|
Consumer Cyclical -
Other
|
0.41%
|
Technology
|
0.33%
|
Transportation -
Services
|
0.25%
|
Services
|
0.21%
|
Other
Industrial
|
0.18%
|
Consumer Cyclical -
Entertainment
|
0.12%
|
Consumer Cyclical -
Automotive
|
0.01%
|
SUBTOTAL
|
9.84%
|
Credit Default
Swaps
|
2.11%
|
Financial
Institutions
|
|
Banking
|
1.08%
|
Insurance
|
0.14%
|
Other
Finance
|
0.12%
|
Finance
|
0.10%
|
SUBTOTAL
|
1.44%
|
Utility
|
|
Electric
|
0.75%
|
SUBTOTAL
|
0.75%
|
SUBTOTAL
|
14.14%
|
Collateralized
Mortgage Obligations
|
|
GSE Risk Share
Floating Rate
|
2.38%
|
Non-Agency Fixed
Rate
|
1.60%
|
Non-Agency Floating
Rate
|
0.74%
|
Agency Fixed
Rate
|
0.20%
|
SUBTOTAL
|
4.92%
|
Corporates -
Investment Grades
|
|
Industrial
|
|
Communications -
Telecommunications
|
0.75%
|
Basic
|
0.66%
|
Capital
Goods
|
0.42%
|
Energy
|
0.37%
|
Transportation -
Airlines
|
0.09%
|
SUBTOTAL
|
2.29%
|
Financial
Institutions
|
|
Insurance
|
1.35%
|
Banking
|
0.53%
|
SUBTOTAL
|
1.88%
|
Credit Default
Swaps
|
0.29%
|
Utility
|
|
Electric
|
0.19%
|
SUBTOTAL
|
0.19%
|
SUBTOTAL
|
4.65%
|
Agencies
|
|
Agency
Debentures
|
3.91%
|
SUBTOTAL
|
3.91%
|
Commercial
Mortgage-Backed Securities
|
|
Non-Agency Fixed Rate
CMBS
|
2.78%
|
Credit Default
Swaps
|
0.22%
|
Non-Agency Floating
Rate CMBS
|
0.18%
|
SUBTOTAL
|
3.18%
|
Emerging Markets -
Corporate Bonds
|
|
Industrial
|
|
Consumer
Non-Cyclical
|
0.47%
|
Capital
Goods
|
0.38%
|
Basic
|
0.24%
|
Consumer Cyclical -
Retailers
|
0.23%
|
Communications -
Telecommunications
|
0.22%
|
Transportation -
Airlines
|
0.20%
|
SUBTOTAL
|
1.74%
|
SUBTOTAL
|
1.74%
|
Whole Loan
Trusts
|
|
Performing
Asset
|
1.35%
|
SUBTOTAL
|
1.35%
|
Quasi-Sovereigns
|
|
Quasi-Sovereign
Bonds
|
1.28%
|
SUBTOTAL
|
1.28%
|
Common
Stocks
|
1.14%
|
Local Governments -
Municipal Bonds
|
1.02%
|
Bank Loans
|
|
Industrial
|
|
Consumer Cyclical -
Automotive
|
0.31%
|
Consumer
Non-Cyclical
|
0.13%
|
Energy
|
0.11%
|
Other
Industrial
|
0.11%
|
Consumer Cyclical -
Other
|
0.09%
|
Communications -
Media
|
0.08%
|
Basic
|
0.05%
|
Technology
|
0.05%
|
SUBTOTAL
|
0.93%
|
SUBTOTAL
|
0.93%
|
Emerging Markets -
Sovereigns
|
0.85%
|
Preferred
Stocks
|
|
Financial
Institutions
|
0.39%
|
Industrial
|
0.19%
|
SUBTOTAL
|
0.58%
|
Governments -
Sovereign Agencies
|
0.35%
|
Investment
Companies
|
|
Funds and Investment
Trusts
|
0.15%
|
SUBTOTAL
|
0.15%
|
Options Purchased -
Calls
|
|
Options on Forward
Contracts
|
0.03%
|
SUBTOTAL
|
0.03%
|
Put Options
Written
|
-0.01%
|
Currency
Instruments
|
|
Forward Currency
Exchange Contracts
|
-0.33%
|
SUBTOTAL
|
-0.33%
|
Interest Rate Swaps -
SIFMA
|
-21.96%
|
Interest Rate
Futures
|
-46.02%
|
Reverse Repurchase
Agreements
|
-52.37%
|
Net Cash
Equivalents
|
|
Investment
Companies
|
4.21%
|
Cash
|
3.63%
|
Governments -
Treasuries
|
0.23%
|
SUBTOTAL
|
8.07%
|
Derivative
Offsets
|
|
Futures
Offsets
|
45.90%
|
Swaps
Offsets
|
18.15%
|
SUBTOTAL
|
64.05%
|
|
100.00%
|
|
|
Country
Breakdown
|
Portfolio
%
|
United
States
|
90.44%
|
Brazil
|
2.38%
|
Mexico
|
1.13%
|
Canada
|
0.90%
|
Bermuda
|
0.71%
|
United
Kingdom
|
0.45%
|
Luxembourg
|
0.44%
|
Indonesia
|
0.33%
|
France
|
0.30%
|
Peru
|
0.28%
|
India
|
0.27%
|
Germany
|
0.26%
|
Spain
|
0.24%
|
Switzerland
|
0.24%
|
El
Salvador
|
0.23%
|
Venezuela
|
0.16%
|
Uruguay
|
0.15%
|
Dominican
Republic
|
0.15%
|
Barbados
|
0.15%
|
Italy
|
0.11%
|
Ivory
Coast
|
0.09%
|
Guatemala
|
0.08%
|
Belgium
|
0.07%
|
Jamaica
|
0.07%
|
Pakistan
|
0.07%
|
Zambia
|
0.06%
|
Sri Lanka
|
0.05%
|
Norway
|
0.04%
|
Morocco
|
0.04%
|
South
Africa
|
0.04%
|
Australia
|
0.03%
|
Sweden
|
0.02%
|
Turkey
|
0.02%
|
Total
Investments
|
100.00%
|
|
|
Net Currency
Exposure Breakdown
|
Portfolio
%
|
United States
Dollar
|
102.77%
|
Colombian
Peso
|
1.08%
|
Mexican
Peso
|
1.01%
|
Indonesian
Rupiah
|
0.63%
|
New Turkish
Lira
|
0.53%
|
Uruguayan
Peso
|
0.23%
|
Euro
|
-0.01%
|
Brazilian
Real
|
-0.06%
|
Australian
Dollar
|
-0.50%
|
Singapore
Dollar
|
-0.53%
|
New Zealand
Dollar
|
-1.03%
|
Canadian
Dollar
|
-1.08%
|
Great British
Pound
|
-3.04%
|
Total Net
Assets
|
100.00%
|
|
|
Credit
Rating
|
Portfolio
%
|
AAA
|
59.73%
|
A
|
1.45%
|
BBB
|
9.53%
|
BB
|
6.83%
|
B
|
7.25%
|
CCC
|
3.23%
|
CC
|
0.28%
|
C
|
0.01%
|
D
|
0.38%
|
Not Rated
|
3.88%
|
Short Term
Investments
|
4.44%
|
N/A
|
2.99%
|
|
100.00%
|
|
|
Bonds By
Maturity
|
Portfolio
%
|
Less than 1
year
|
-43.85%
|
1 to 5
years
|
14.03%
|
5 to 10
years
|
57.69%
|
10 to 20
years
|
61.71%
|
20 to 30
years
|
8.40%
|
More than 30
years
|
0.88%
|
Other
|
1.14%
|
Total Net
Assets
|
100.00%
|
Portfolio
Statistics:
|
|
Average
Coupon:
|
7.65%
|
Average Bond Price
:
|
120.64
|
Percentage of
Leverage:
|
|
Bank
Borrowing:
|
0.00%
|
Investment
Operations:
|
45.67%*
|
Preferred
Stock:
|
0.00%
|
Tender Option
Bonds:
|
0.00%
|
Term Asset-Backed
Loans Facility (TALF):
|
0.00%
|
Total Fund
Leverage:
|
45.67%
|
Average
Maturity:
|
13.99
Years
|
Effective
Duration:
|
4.79 Years
|
Total Net
Assets:
|
$1,829.84
Million
|
Net Asset
Value:
|
$8.47
|
Number of
Holdings:
|
389
|
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-300088054.html
SOURCE AB Income Fund, Inc.
Copyright 2015 PR Newswire
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