AllianceBernstein Income Fund Releases Monthly Portfolio Update

NEW YORK, April 28, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of March 31, 2014.

 

AllianceBernstein Income Fund, Inc.




Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 6.00%, 2/15/26

21.72%

2) U.S. Treasury Notes 3.625%, 8/15/19 - 2/15/21

17.91%

3) U.S. Treasury Bonds 6.375%, 8/15/27

17.70%

4) U.S. Treasury Bonds 6.50%, 11/15/26

12.50%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 8/15/21

8.44%

6) U.S. Treasury Notes 3.125%, 5/15/21

4.96%

7) U.S. Treasury Notes 2.625%, 11/15/20

3.42%

8) Federal National Mortgage Association 5.375%, 6/12/17

3.33%

9) U.S. Treasury Notes 3.50%, 5/15/20

1.98%

10) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20

1.79%



Investment Type

Portfolio %

Global Governments

43.36%

Corporates - Non-Investment Grades


Industrial


Communications - Media

2.50%

Energy

1.71%

Consumer Non-Cyclical

1.51%

Capital Goods

1.25%

Basic

0.82%

Communications - Telecommunications

0.82%

Consumer Cyclical - Retailers

0.71%

Technology

0.59%

Services

0.43%

Consumer Cyclical - Other

0.39%

Consumer Cyclical - Automotive

0.23%

Other Industrial

0.19%

Transportation - Services

0.09%

Consumer Cyclical - Entertainment

0.05%

SUBTOTAL

11.29%

Credit Default Swaps

4.08%

Financial Institutions


Banking

1.09%

Finance

0.44%

Other Finance

0.31%

REITS

0.15%

Insurance

0.13%

SUBTOTAL

2.12%

Utility


Electric

0.58%

Natural Gas

0.34%

SUBTOTAL

0.92%

SUBTOTAL

18.41%

Corporates - Investment Grades


Industrial


Communications - Telecommunications

1.66%

Basic

0.97%

Capital Goods

0.91%

Energy

0.66%

Consumer Non-Cyclical

0.53%

Consumer Cyclical - Retailers

0.27%

Technology

0.26%

Communications - Media

0.23%

Consumer Cyclical - Entertainment

0.17%

Consumer Cyclical - Other

0.11%

Transportation - Airlines

0.08%

Transportation - Services

0.06%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

5.95%

Financial Institutions


Banking

1.31%

Insurance

1.25%

REITS

0.39%

Finance

0.16%

Other Finance

0.02%

SUBTOTAL

3.13%

Utility


Electric

0.29%

SUBTOTAL

0.29%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.25%

SUBTOTAL

0.25%

SUBTOTAL

9.62%

Agencies


Agency Subordinated

3.32%

Agency Debentures

3.31%

SUBTOTAL

6.63%

Collateralized Mortgage Obligations


Non-Agency Floating Rate

2.20%

Non-Agency Fixed Rate

1.97%

SUBTOTAL

4.17%

Interest Rate Swaps - SIFMA

2.79%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.72%

Communications - Telecommunications

0.41%

Capital Goods

0.35%

Energy

0.23%

Consumer Cyclical - Retailers

0.21%

Transportation - Airlines

0.19%

Basic

0.17%

Communications - Media

0.09%

SUBTOTAL

2.37%

SUBTOTAL

2.37%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

2.13%

Non-Agency Floating Rate CMBS

0.09%

SUBTOTAL

2.22%

Preferred Stocks


Financial Institutions

1.74%

Industrial

0.16%

SUBTOTAL

1.90%

Mortgage Pass-Throughs


Agency Fixed Rate 30-Year

1.02%

Agency ARMs

0.63%

SUBTOTAL

1.65%

Bank Loans


Industrial


Consumer Non-Cyclical

0.42%

Consumer Cyclical - Automotive

0.31%

Other Industrial

0.20%

Communications - Media

0.16%

Technology

0.11%

Basic

0.10%

Consumer Cyclical - Other

0.08%

Energy

0.01%

SUBTOTAL

1.39%

SUBTOTAL

1.39%

Local Governments - Municipal Bonds

1.31%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.16%

SUBTOTAL

1.16%

Common Stocks

0.65%

Whole Loan Trusts


Performing Asset

0.62%

SUBTOTAL

0.62%

Governments - Sovereign Agencies

0.20%

Emerging Markets - Sovereigns


Emerging Markets - Sovereigns

0.36%

Credit Default Swaps

-0.32%

SUBTOTAL

0.04%

Options Purchased - Calls


Options on Forward Contracts

0.01%

SUBTOTAL

0.01%

Currency Instruments


Forward Currency Exchange Contracts

-0.10%

SUBTOTAL

-0.10%

Reverse Repurchase Agreements

-42.85%

Net Cash Equivalents


Investment Companies

2.56%

Governments - Treasuries

1.01%

Cash

-2.27%

SUBTOTAL

1.30%

Derivative Offsets


Futures Offsets

49.51%

Swaps Offsets

-6.36%

SUBTOTAL

43.15%


100.00%



Country Breakdown

Portfolio %

United States

88.72%

Brazil

2.14%

Mexico

1.50%

United Kingdom

0.89%

Canada

0.81%

Malaysia

0.69%

Switzerland

0.46%

Hungary

0.42%

Indonesia

0.37%

Luxembourg

0.33%

France

0.31%

Germany

0.31%

Peru

0.27%

India

0.24%

Netherlands

0.23%

Russia

0.22%

Spain

0.21%

El Salvador

0.20%

Barbados

0.19%

Venezuela

0.19%

Colombia

0.16%

Japan

0.16%

Portugal

0.14%

Norway

0.14%

South Africa

0.12%

Croatia

0.11%

Chile

0.10%

Singapore

0.07%

Guatemala

0.07%

Belgium

0.07%

Australia

0.07%

Jamaica

0.05%

Sri Lanka

0.04%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.90%

Malaysian Ringgit

1.01%

Peruvian Nuevo Sol

0.99%

Euro

0.06%

Mexican Peso

0.03%

Great British Pound

0.01%

Australian Dollar

-0.01%

Brazilian Real

-0.02%

Japanese Yen

-1.98%

Polish Zloty

-1.99%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

56.16%

AA

0.16%

A

3.06%

BBB

12.22%

BB

10.27%

B

9.02%

CCC

3.21%

CC

0.52%

D

0.22%

Not Rated

1.69%

Short Term Investments

3.56%

N/A

-0.09%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

-38.91%

1 to 5 years

20.23%

5 to 10 years

53.98%

10 to 20 years

56.15%

20 to 30 years

6.36%

More than 30 years

1.54%

Other

0.65%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.55%

Average Bond Price :

116.09

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

43.68%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

43.68%

Average Maturity:

13.84 Years

Effective Duration:

5.99 Years

Total Net Assets:

$2,015.97 Million

Net Asset Value:

$8.30

Number of Holdings:

466

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, Inc.

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