NEW YORK, March 24, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2014.
AllianceBernstein Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Bonds 6.00%, 2/15/26 | 21.76% |
2) U.S. Treasury Bonds 6.375%, 8/15/27 | 17.72% |
3) U.S. Treasury Notes 3.625%, 2/15/21 | 16.06% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 | 12.52% |
5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21 | 8.52% |
6) U.S. Treasury Notes 3.125%, 5/15/21 | 5.01% |
7) U.S. Treasury Notes 2.625%, 11/15/20 | 3.45% |
8) Federal National Mortgage Association 5.375%, 6/12/17 | 3.35% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 | 1.81% |
10) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17 | 1.09% |
Investment Type | Portfolio % |
Global Governments | 33.48% |
Corporates - Non-Investment Grades | |
Industrial | |
Communications - Media | 2.72% |
Energy | 1.72% |
Consumer Non-Cyclical | 1.51% |
Capital Goods | 1.25% |
Basic | 0.83% |
Consumer Cyclical - Retailers | 0.80% |
Communications - Telecommunications | 0.69% |
Technology | 0.69% |
Consumer Cyclical - Other | 0.39% |
Services | 0.37% |
Consumer Cyclical - Automotive | 0.23% |
Other Industrial | 0.19% |
Transportation - Services | 0.15% |
Consumer Cyclical - Entertainment | 0.05% |
SUBTOTAL | 11.59% |
Credit Default Swaps | 3.47% |
Financial Institutions | |
Banking | 1.09% |
Finance | 0.44% |
Other Finance | 0.30% |
REITS | 0.15% |
Insurance | 0.13% |
SUBTOTAL | 2.11% |
Utility | |
Electric | 0.78% |
Natural Gas | 0.34% |
SUBTOTAL | 1.12% |
SUBTOTAL | 18.29% |
Corporates - Investment Grades | |
Industrial | |
Communications - Telecommunications | 1.67% |
Basic | 0.96% |
Capital Goods | 0.82% |
Energy | 0.66% |
Consumer Non-Cyclical | 0.53% |
Consumer Cyclical - Retailers | 0.27% |
Technology | 0.25% |
Communications - Media | 0.22% |
Consumer Cyclical - Entertainment | 0.17% |
Consumer Cyclical - Other | 0.11% |
Transportation - Airlines | 0.08% |
Transportation - Services | 0.06% |
Consumer Cyclical - Automotive | 0.04% |
SUBTOTAL | 5.84% |
Financial Institutions | |
Insurance | 1.23% |
Banking | 1.08% |
REITS | 0.57% |
Finance | 0.15% |
Other Finance | 0.02% |
SUBTOTAL | 3.05% |
Non Corporate Sectors | |
Agencies - Not Government Guaranteed | 1.39% |
SUBTOTAL | 1.39% |
Utility | |
Electric | 0.29% |
SUBTOTAL | 0.29% |
SUBTOTAL | 10.57% |
Agencies | |
Agency Subordinated | 3.35% |
Agency Debentures | 3.31% |
SUBTOTAL | 6.66% |
Collateralized Mortgage Obligations | |
Non-Agency Floating Rate | 2.08% |
Non-Agency Fixed Rate | 1.98% |
SUBTOTAL | 4.06% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.68% |
Communications - Telecommunications | 0.42% |
Capital Goods | 0.34% |
Energy | 0.23% |
Consumer Cyclical - Retailers | 0.21% |
Transportation - Airlines | 0.19% |
Basic | 0.17% |
Communications - Media | 0.09% |
SUBTOTAL | 2.33% |
SUBTOTAL | 2.33% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 1.86% |
SUBTOTAL | 1.86% |
Preferred Stocks | |
Financial Institutions | 1.71% |
Industrial | 0.15% |
SUBTOTAL | 1.86% |
Mortgage Pass-Throughs | |
Agency Fixed Rate 30-Year | 1.04% |
Agency ARMs | 0.63% |
SUBTOTAL | 1.67% |
Bank Loans | |
Industrial | |
Consumer Non-Cyclical | 0.41% |
Consumer Cyclical - Automotive | 0.31% |
Technology | 0.21% |
Other Industrial | 0.20% |
Communications - Media | 0.16% |
Basic | 0.10% |
Consumer Cyclical - Other | 0.08% |
Energy | 0.01% |
SUBTOTAL | 1.48% |
SUBTOTAL | 1.48% |
Local Governments - Municipal Bonds | 1.32% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 1.13% |
SUBTOTAL | 1.13% |
Common Stocks | 0.65% |
Governments - Sovereign Agencies | 0.38% |
Emerging Markets - Sovereigns | 0.35% |
Whole Loan Trusts | |
Performing Asset | 0.35% |
SUBTOTAL | 0.35% |
Interest Rate Swaps - SIFMA | -0.39% |
Reverse Repurchase Agreements | -43.95% |
Net Cash Equivalents | |
Cash | 2.74% |
Investment Companies | 2.26% |
Governments - Treasuries | 0.50% |
SUBTOTAL | 5.50% |
Derivative Offsets | |
Futures Offsets | 55.48% |
Swaps Offsets | -3.08% |
SUBTOTAL | 52.40% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 88.23% |
Brazil | 2.14% |
Mexico | 1.50% |
Russia | 1.34% |
United Kingdom | 0.92% |
Canada | 0.78% |
Switzerland | 0.47% |
Indonesia | 0.37% |
Malaysia | 0.35% |
Luxembourg | 0.34% |
France | 0.32% |
Germany | 0.31% |
Hungary | 0.28% |
Peru | 0.27% |
India | 0.25% |
Netherlands | 0.24% |
Spain | 0.21% |
El Salvador | 0.20% |
Venezuela | 0.19% |
Colombia | 0.16% |
Portugal | 0.14% |
Norway | 0.14% |
South Africa | 0.12% |
Croatia | 0.11% |
Chile | 0.11% |
Belgium | 0.10% |
Barbados | 0.10% |
Australia | 0.07% |
Singapore | 0.07% |
Guatemala | 0.07% |
Sri Lanka | 0.05% |
Jamaica | 0.05% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 98.67% |
Brazilian Real | 1.01% |
Malaysian Ringgit | 0.50% |
New Turkish Lira | 0.49% |
Indonesian Rupiah | 0.26% |
Euro | 0.04% |
Great British Pound | 0.01% |
Mexican Peso | 0.01% |
Australian Dollar | -0.99% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | 51.55% |
AA | 0.15% |
A | 4.09% |
BBB | 12.62% |
BB | 10.59% |
B | 8.76% |
CCC | 3.32% |
CC | 0.53% |
D | 0.22% |
Not Rated | 1.17% |
Short Term Investments | 2.76% |
N/A | 4.24% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | -35.82% |
1 to 5 years | 20.34% |
5 to 10 years | 51.62% |
10 to 20 years | 55.65% |
20 to 30 years | 5.95% |
More than 30 years | 1.61% |
Other | 0.65% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.60% |
Average Bond Price : | 116.76 |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 43.89%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 43.89% |
Average Maturity: | 13.85 Years |
Effective Duration: | 5.94 Years |
Total Net Assets: | $2,019.24 Million |
Net Asset Value: | $8.31 |
Number of Holdings: | 420 |
Portfolio Turnover: | 107% |
* 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.
SOURCE AllianceBernstein Income Fund