NEW YORK, Oct. 26, 2015 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of September 30, 2015.
AB Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Bonds 6.375%, 8/15/27 | 21.17% |
2) U.S. Treasury Bonds 6.25%, 5/15/30 | 21.00% |
3) U.S. Treasury Notes 3.625%, 2/15/21 | 18.50% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 | 14.83% |
5) U.S. Treasury Notes 2.125%, 8/31/20 | 8.77% |
6) U.S. Treasury Notes 3.125%, 5/15/21 | 5.82% |
7) U.S. Treasury Bonds 3.125%, 8/15/44 | 4.52% |
8) U.S. Treasury Bonds 8.75%, 8/15/20 | 3.01% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 | 2.19% |
10) U.S. Treasury Bonds 8.00%, 11/15/21 | 2.09% |
Investment Type | Portfolio % |
Global Governments | 106.76% |
Corporates - Non-Investment Grade | |
Industrial | |
Consumer Non-Cyclical | 2.03% |
Energy | 1.92% |
Communications - Media | 1.72% |
Communications - Telecommunications | 0.76% |
Basic | 0.74% |
Capital Goods | 0.65% |
Consumer Cyclical - Retailers | 0.63% |
Consumer Cyclical - Other | 0.45% |
Technology | 0.42% |
Consumer Cyclical - Automotive | 0.35% |
Transportation - Services | 0.34% |
Services | 0.21% |
Other Industrial | 0.19% |
Consumer Cyclical - Entertainment | 0.09% |
SUBTOTAL | 10.50% |
Credit Default Swaps | 2.00% |
SUBTOTAL | 2.00% |
Financial Institutions | |
Banking | 1.29% |
Other Finance | 0.12% |
Finance | 0.09% |
REITS | 0.06% |
SUBTOTAL | 1.56% |
Utility | |
Electric | 0.78% |
SUBTOTAL | 0.78% |
SUBTOTAL | 14.84% |
Collateralized Mortgage Obligations | |
GSE Risk Share Floating Rate | 3.55% |
Non-Agency Fixed Rate | 1.70% |
Non-Agency Floating Rate | 0.65% |
Agency Fixed Rate | 0.15% |
SUBTOTAL | 6.05% |
Corporates - Investment Grade | |
Industrial | |
Communications - Telecommunications | 0.70% |
Basic | 0.63% |
Energy | 0.43% |
Consumer Non-Cyclical | 0.33% |
Capital Goods | 0.27% |
Consumer Cyclical - Retailers | 0.14% |
Transportation - Airlines | 0.08% |
SUBTOTAL | 2.58% |
Financial Institutions | |
Insurance | 1.46% |
Banking | 0.53% |
SUBTOTAL | 1.99% |
Utility | |
Electric | 0.21% |
SUBTOTAL | 0.21% |
Credit Default Swaps | 0.08% |
SUBTOTAL | 0.08% |
SUBTOTAL | 4.86% |
Agencies | |
Agency Debentures | 4.03% |
SUBTOTAL | 4.03% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 3.10% |
Non-Agency Floating Rate CMBS | 0.23% |
Credit Default Swaps | 0.22% |
SUBTOTAL | 3.55% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.47% |
Capital Goods | 0.37% |
Communications - Telecommunications | 0.21% |
Basic | 0.20% |
Transportation - Airlines | 0.14% |
Consumer Cyclical - Retailers | 0.13% |
SUBTOTAL | 1.52% |
SUBTOTAL | 1.52% |
Whole Loan Trusts | |
Performing Asset | 1.39% |
SUBTOTAL | 1.39% |
Common Stocks | 1.23% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 1.09% |
SUBTOTAL | 1.09% |
Local Governments - Municipal Bonds | 0.90% |
Emerging Markets - Sovereigns | 0.88% |
Preferred Stocks | |
Financial Institutions | 0.51% |
Industrial | 0.20% |
SUBTOTAL | 0.71% |
Bank Loans | |
Industrial | |
Basic | 0.12% |
Consumer Non-Cyclical | 0.11% |
Energy | 0.10% |
Communications - Media | 0.08% |
Other Industrial | 0.05% |
Technology | 0.01% |
SUBTOTAL | 0.47% |
SUBTOTAL | 0.47% |
Governments - Sovereign Agencies | 0.45% |
Currency Instruments | |
Forward Currency Exchange Contracts | 0.29% |
SUBTOTAL | 0.29% |
Investment Companies | |
Funds and Investment Trusts | 0.16% |
SUBTOTAL | 0.16% |
Asset-Backed Securities | |
Autos - Fixed Rate | 0.12% |
SUBTOTAL | 0.12% |
Put Options Written | -0.01% |
Interest Rate Swaps - SIFMA | -35.61% |
Interest Rate Futures | -47.91% |
Reverse Repurchase Agreements | -52.53% |
Net Cash Equivalents | |
Investment Companies | 3.14% |
Cash | 1.56% |
Foreign Currency | -0.01% |
SUBTOTAL | 4.69% |
Derivative Offsets | |
Futures Offsets | 47.62% |
Swaps Offsets | 34.45% |
SUBTOTAL | 82.07% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 91.13% |
Brazil | 2.11% |
Mexico | 1.04% |
Canada | 0.89% |
Bermuda | 0.77% |
France | 0.45% |
United Kingdom | 0.41% |
Luxembourg | 0.40% |
Switzerland | 0.30% |
Indonesia | 0.29% |
Germany | 0.26% |
India | 0.24% |
Spain | 0.22% |
El Salvador | 0.20% |
Barbados | 0.15% |
Jamaica | 0.14% |
Venezuela | 0.13% |
Dominican Republic | 0.11% |
Italy | 0.11% |
Netherlands | 0.10% |
Guatemala | 0.08% |
Ivory Coast | 0.08% |
Belgium | 0.07% |
Pakistan | 0.07% |
Zambia | 0.05% |
Sri Lanka | 0.05% |
South Africa | 0.04% |
Morocco | 0.04% |
Australia | 0.03% |
Sweden | 0.02% |
Peru | 0.01% |
Norway | 0.01% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 101.37% |
Japanese Yen | 3.02% |
New Zealand Dollar | 0.05% |
Mexican Peso | 0.02% |
Indonesian Rupiah | 0.01% |
Malaysian Ringgit | 0.01% |
Australian Dollar | 0.01% |
Great British Pound | -0.02% |
Norwegian Krone | -0.03% |
Brazilian Real | -0.09% |
Taiwan New Dollar | -0.48% |
Euro | -1.87% |
Singapore Dollar | -2.00% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | 58.11% |
A | 1.58% |
BBB | 10.22% |
BB | 7.02% |
B | 7.17% |
CCC | 2.92% |
CC | 0.33% |
D | 0.38% |
Not Rated | 5.14% |
Short Term Investments | 3.14% |
N/A | 3.99% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | -45.60% |
1 to 5 years | 28.52% |
5 to 10 years | 45.55% |
10 to 20 years | 61.93% |
20 to 30 years | 7.42% |
More than 30 years | 0.95% |
Other | 1.23% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.56% |
Average Bond Price : | 120.18 |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 38.24%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 58.91% |
Average Maturity: | 14.46 Years |
Effective Duration: | 4.91 Years |
Total Net Assets: | $1,769.06 Million |
Net Asset Value: | $8.20 |
Number of Holdings: | 445 |
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.