AB Income Fund Releases Monthly Portfolio Update
February 22 2016 - 4:54PM
PR Newswire (US)
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.
|
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/ab-income-fund-releases-monthly-portfolio-update-300224058.html
SOURCE AB Income Fund, Inc.
Copyright 2016 PR Newswire
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