NEW YORK, Sept. 28, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of August 31, 2015.
AB Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Bonds 6.375%, 8/15/27 | 20.70% |
2) U.S. Treasury Bonds 6.25%, 5/15/30 | 20.45% |
3) U.S. Treasury Notes 3.625%, 2/15/21 | 18.16% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 | 14.52% |
5) U.S. Treasury Notes 2.125%, 8/31/20 | 8.61% |
6) U.S. Treasury Notes 3.125%, 5/15/21 | 5.71% |
7) U.S. Treasury Bonds 3.125%, 8/15/44 | 4.42% |
8) U.S. Treasury Bonds 8.75%, 8/15/20 | 2.97% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 | 2.14% |
10) U.S. Treasury Bonds 8.00%, 11/15/21 | 2.06% |
Investment Type | Portfolio % |
Global Governments | 104.75% |
Corporates - Non-Investment Grade | |
Industrial | |
Consumer Non-Cyclical | 2.04% |
Energy | 2.02% |
Communications - Media | 1.77% |
Communications - Telecommunications | 0.81% |
Basic | 0.78% |
Capital Goods | 0.67% |
Consumer Cyclical - Retailers | 0.63% |
Consumer Cyclical - Other | 0.46% |
Consumer Cyclical - Automotive | 0.36% |
Technology | 0.36% |
Transportation - Services | 0.36% |
Other Industrial | 0.21% |
Services | 0.21% |
Consumer Cyclical - Entertainment | 0.09% |
SUBTOTAL | 10.77% |
Credit Default Swaps | 2.08% |
SUBTOTAL | 2.08% |
Financial Institutions | |
Banking | 1.07% |
Other Finance | 0.12% |
Finance | 0.09% |
REITS | 0.06% |
SUBTOTAL | 1.34% |
Utility | |
Electric | 0.79% |
SUBTOTAL | 0.79% |
SUBTOTAL | 14.98% |
Collateralized Mortgage Obligations | |
GSE Risk Share Floating Rate | 3.19% |
Non-Agency Fixed Rate | 1.70% |
Non-Agency Floating Rate | 0.65% |
Agency Fixed Rate | 0.17% |
SUBTOTAL | 5.71% |
Corporates - Investment Grade | |
Industrial | |
Communications - Telecommunications | 0.74% |
Basic | 0.68% |
Energy | 0.43% |
Capital Goods | 0.32% |
Consumer Non-Cyclical | 0.32% |
Consumer Cyclical - Retailers | 0.14% |
Transportation - Airlines | 0.08% |
SUBTOTAL | 2.71% |
Financial Institutions | |
Insurance | 1.44% |
Banking | 0.52% |
SUBTOTAL | 1.96% |
Utility | |
Electric | 0.20% |
SUBTOTAL | 0.20% |
Credit Default Swaps | 0.08% |
SUBTOTAL | 0.08% |
SUBTOTAL | 4.95% |
Agencies | |
Agency Debentures | 3.96% |
SUBTOTAL | 3.96% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 3.08% |
Non-Agency Floating Rate CMBS | 0.23% |
Credit Default Swaps | 0.22% |
SUBTOTAL | 3.53% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.50% |
Capital Goods | 0.38% |
Basic | 0.28% |
Communications - Telecommunications | 0.21% |
Transportation - Airlines | 0.16% |
Consumer Cyclical - Retailers | 0.14% |
SUBTOTAL | 1.67% |
SUBTOTAL | 1.67% |
Whole Loan Trusts | |
Performing Asset | 1.35% |
SUBTOTAL | 1.35% |
Common Stocks | 1.20% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 1.12% |
SUBTOTAL | 1.12% |
Emerging Markets - Sovereigns | 0.92% |
Local Governments - Municipal Bonds | 0.87% |
Preferred Stocks | |
Financial Institutions | 0.50% |
Industrial | 0.20% |
SUBTOTAL | 0.70% |
Bank Loans | |
Industrial | |
Consumer Non-Cyclical | 0.14% |
Basic | 0.12% |
Energy | 0.10% |
Communications - Media | 0.08% |
Other Industrial | 0.05% |
Technology | 0.01% |
SUBTOTAL | 0.50% |
SUBTOTAL | 0.50% |
Governments - Sovereign Agencies | 0.49% |
Currency Instruments | |
Forward Currency Exchange Contracts | 0.30% |
SUBTOTAL | 0.30% |
Investment Companies | |
Funds and Investment Trusts | 0.16% |
SUBTOTAL | 0.16% |
Asset-Backed Securities | |
Autos - Fixed Rate | 0.12% |
SUBTOTAL | 0.12% |
Options Purchased - Calls | |
Swaptions | 0.01% |
SUBTOTAL | 0.01% |
Put Options Written | -0.01% |
Interest Rate Swaps - SIFMA | -38.96% |
Interest Rate Futures | -46.22% |
Reverse Repurchase Agreements | -51.96% |
Net Cash Equivalents | |
Investment Companies | 4.26% |
Cash | 1.48% |
Foreign Currency | -0.01% |
SUBTOTAL | 5.73% |
Derivative Offsets | |
Futures Offsets | 46.61% |
Swaps Offsets | 37.52% |
SUBTOTAL | 84.13% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 90.82% |
Brazil | 2.37% |
Mexico | 1.09% |
Canada | 0.93% |
Bermuda | 0.75% |
United Kingdom | 0.42% |
Luxembourg | 0.41% |
France | 0.31% |
Switzerland | 0.30% |
Indonesia | 0.29% |
Germany | 0.26% |
India | 0.26% |
Spain | 0.23% |
El Salvador | 0.22% |
Barbados | 0.15% |
Jamaica | 0.14% |
Dominican Republic | 0.12% |
Venezuela | 0.12% |
Italy | 0.11% |
Netherlands | 0.10% |
Ivory Coast | 0.09% |
South Africa | 0.08% |
Guatemala | 0.08% |
Pakistan | 0.07% |
Belgium | 0.07% |
Sri Lanka | 0.05% |
Zambia | 0.05% |
Morocco | 0.04% |
Australia | 0.03% |
Sweden | 0.02% |
Norway | 0.01% |
Peru | 0.01% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 105.81% |
Swedish Krona | 1.05% |
Indonesian Rupiah | 1.02% |
Japanese Yen | 1.01% |
Mexican Peso | 0.01% |
New Zealand Dollar | 0.01% |
Malaysian Ringgit | 0.01% |
Norwegian Krone | -0.03% |
Brazilian Real | -0.03% |
Great British Pound | -0.03% |
Taiwan New Dollar | -0.48% |
South Korean Won | -1.02% |
Singapore Dollar | -2.00% |
Australian Dollar | -2.41% |
Euro | -2.92% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | 56.56% |
A | 1.38% |
BBB | 10.63% |
BB | 7.14% |
B | 7.39% |
CCC | 2.88% |
CC | 0.34% |
D | 0.38% |
Not Rated | 4.81% |
Short Term Investments | 4.26% |
N/A | 4.23% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | -43.37% |
1 to 5 years | 20.18% |
5 to 10 years | 53.11% |
10 to 20 years | 60.57% |
20 to 30 years | 7.35% |
More than 30 years | 0.96% |
Other | 1.20% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.41% |
Average Bond Price : | 119.33 |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 37.84%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 37.84% |
Average Maturity: | 14.28 Years |
Effective Duration: | 4.57 Years |
Total Net Assets: | $1,787.78 Million |
Net Asset Value: | $8.25 |
Number of Holdings: | 458 |
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.