NEW YORK, July 27, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of June 30, 2015.
AB Income Fund, Inc. Top 10 Fixed Income Holdings Portfolio % 1) U.S. Treasury Bonds 6.375%, 8/15/27 20.39% 2) U.S. Treasury Bonds 6.25%, 5/15/30 20.08% 3) U.S. Treasury Notes 3.625%, 2/15/21 18.01% 4) U.S. Treasury Bonds 6.50%, 11/15/26 14.33% 5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21 9.71% 6) U.S. Treasury Notes 3.125%, 5/15/21 5.66% 7) U.S. Treasury Bonds 3.125%, 8/15/44 4.26% 8) U.S. Treasury Bonds 8.75%, 8/15/20 2.97% 9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 2.12% 10) U.S. Treasury Bonds 8.00%, 11/15/21 2.05% Investment Type Portfolio % Global Governments 105.64% Corporates - Non-Investment Grade Industrial Energy 2.26% Consumer Non-Cyclical 1.93% Communications - Media 1.78% Basic 1.00% Communications - Telecommunications 0.79% Capital Goods 0.67% Consumer Cyclical - Retailers 0.57% Consumer Cyclical - Other 0.45% Technology 0.39% Consumer Cyclical - Automotive 0.36% Transportation - Services 0.35% Services 0.21% Other Industrial 0.19% Consumer Cyclical - Entertainment 0.09% SUBTOTAL 11.04% Credit Default Swaps 2.10% SUBTOTAL 2.10% Financial Institutions Banking 1.08% Insurance 0.14% Other Finance 0.12% Finance 0.09% REITS 0.06% SUBTOTAL 1.49% Utility Electric 0.80% SUBTOTAL 0.80% SUBTOTAL 15.43% Collateralized Mortgage Obligations GSE Risk Share Floating Rate 2.37% Non-Agency Fixed Rate 1.83% Non-Agency Floating Rate 1.04% Agency Fixed Rate 0.20% SUBTOTAL 5.44% Corporates - Investment Grade Industrial Basic 0.74% Communications - Telecommunications 0.73% Capital Goods 0.38% Energy 0.37% Consumer Non-Cyclical 0.32% Transportation - Airlines 0.09% SUBTOTAL 2.63% Financial Institutions Insurance 1.43% Banking 0.52% SUBTOTAL 1.95% Credit Default Swaps 0.29% SUBTOTAL 0.29% Utility Electric 0.20% SUBTOTAL 0.20% SUBTOTAL 5.07% Agencies Agency Debentures 3.90% SUBTOTAL 3.90% Commercial Mortgage-Backed Securities Non-Agency Fixed Rate CMBS 3.11% Non-Agency Floating Rate CMBS 0.23% Credit Default Swaps 0.22% SUBTOTAL 3.56% Emerging Markets - Corporate Bonds Industrial Consumer Non-Cyclical 0.51% Capital Goods 0.39% Basic 0.25% Consumer Cyclical - Retailers 0.24% Communications - Telecommunications 0.22% Transportation - Airlines 0.16% SUBTOTAL 1.77% SUBTOTAL 1.77% Whole Loan Trusts Performing Asset 1.22% SUBTOTAL 1.22% Quasi-Sovereigns Quasi-Sovereign Bonds 1.19% SUBTOTAL 1.19% Common Stocks 1.18% Local Governments - Municipal Bonds 0.86% Bank Loans Industrial Consumer Cyclical - Retailers 0.24% Consumer Non-Cyclical 0.14% Energy 0.11% Other Industrial 0.11% Basic 0.09% Communications - Media 0.08% Consumer Cyclical - Other 0.06% Technology 0.01% SUBTOTAL 0.84% SUBTOTAL 0.84% Emerging Markets - Sovereigns 0.84% Preferred Stocks Financial Institutions 0.35% Industrial 0.19% SUBTOTAL 0.54% Governments - Sovereign Agencies 0.33% Investment Companies Funds and Investment Trusts 0.15% SUBTOTAL 0.15% Asset-Backed Securities Autos - Fixed Rate 0.12% SUBTOTAL 0.12% Currency Instruments Forward Currency Exchange Contracts -0.10% SUBTOTAL -0.10% Interest Rate Swaps - SIFMA -38.38% Interest Rate Futures -44.54% Reverse Repurchase Agreements -54.29% Net Cash Equivalents Cash 6.66% Investment Companies 2.45% Foreign Government Bonds 0.23% SUBTOTAL 9.34% Derivative Offsets Futures Offsets 44.66% Swaps Offsets 35.23% SUBTOTAL 79.89% 100.00% Country Breakdown Portfolio % United States 90.20% Brazil 2.71% Mexico 0.99% Canada 0.97% Bermuda 0.74% Luxembourg 0.45% United Kingdom 0.38% Indonesia 0.31% France 0.30% Peru 0.29% Germany 0.27% India 0.27% Switzerland 0.24% Spain 0.23% El Salvador 0.22% Barbados 0.16% Uruguay 0.15% Venezuela 0.14% Dominican Republic 0.13% Italy 0.11% Netherlands 0.10% Ivory Coast 0.09% Guatemala 0.08% Belgium 0.07% Jamaica 0.07% Pakistan 0.07% Zambia 0.06% Sri Lanka 0.05% Morocco 0.04% South Africa 0.04% Australia 0.03% Sweden 0.02% Norway 0.02% Total Investments 100.00% Net Currency Exposure Breakdown Portfolio % United States Dollar 106.14% Indonesian Rupiah 0.63% Brazilian Real 0.38% Uruguayan Peso 0.23% Mexican Peso 0.01% Norwegian Krone -0.02% Great British Pound -0.03% Euro -0.05% Taiwan New Dollar -0.50% New Turkish Lira -0.89% New Zealand Dollar -0.93% Australian Dollar -1.46% Canadian Dollar -1.50% South Korean Won -2.01% Total Net Assets 100.00% Credit Rating Portfolio % AAA 54.57% A 1.41% BBB 10.92% BB 7.13% B 7.59% CCC 3.18% CC 0.28% C 0.04% D 0.42% Not Rated 4.72% Short Term Investments 2.67% N/A 7.07% 100.00% Bonds By Maturity Portfolio % Less than 1 year -43.73% 1 to 5 years 16.08% 5 to 10 years 58.11% 10 to 20 years 59.44% 20 to 30 years 7.66% More than 30 years 1.26% Other 1.18% Total Net Assets 100.00% Portfolio Statistics: Average Coupon: 7.69% Average Bond Price : 118.50 Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 46.94%* Preferred Stock: 0.00% Tender Option Bonds: 0.00% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 46.94% Average Maturity: 14.63 Years Effective Duration: 4.80 Years Total Net Assets: $1,796.70 Million Net Asset Value: $8.33 Number of Holdings: 449 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.