NEW YORK, Jan. 26, 2016 /PRNewswire/ -- AB Income Fund, Inc. [NYSE: ACG] (the "Fund") today released its monthly portfolio update as of December 31, 2015.
AB Income Fund, Inc. | |
Top 10 Fixed Income Holdings | Portfolio % |
1) U.S. Treasury Notes 3.625%, 2/15/21 | 18.91% |
2) U.S. Treasury Bonds 6.25%, 5/15/30 | 18.56% |
3) U.S. Treasury Bonds 6.375%, 8/15/27 | 18.49% |
4) U.S. Treasury Bonds 6.50%, 11/15/26 | 15.10% |
5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21 | 11.05% |
6) U.S. Treasury Notes 3.125%, 5/15/21 | 5.96% |
7) U.S. Treasury Bonds 3.125%, 8/15/44 | 4.60% |
8) U.S. Treasury Bonds 8.75%, 8/15/20 | 3.05% |
9) Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20 | 2.26% |
10) U.S. Treasury Bonds 8.00%, 11/15/21 | 2.13% |
Investment Type | Portfolio % |
Global Governments | 107.14% |
Corporates - Non-Investment Grade | |
Industrial | |
Consumer Non-Cyclical | 2.60% |
Energy | 2.19% |
Communications - Media | 1.89% |
Communications - Telecommunications | 0.91% |
Basic | 0.74% |
Consumer Cyclical - Retailers | 0.72% |
Capital Goods | 0.66% |
Consumer Cyclical - Other | 0.65% |
Consumer Cyclical - Automotive | 0.38% |
Technology | 0.35% |
Transportation - Services | 0.28% |
Services | 0.23% |
Other Industrial | 0.19% |
Consumer Cyclical - Entertainment | 0.15% |
SUBTOTAL | 11.94% |
Credit Default Swaps | 2.08% |
SUBTOTAL | 2.08% |
Financial Institutions | |
Banking | 1.39% |
Other Finance | 0.16% |
Finance | 0.08% |
REITS | 0.06% |
SUBTOTAL | 1.69% |
Utility | |
Electric | 0.71% |
SUBTOTAL | 0.71% |
SUBTOTAL | 16.42% |
Collateralized Mortgage Obligations | |
GSE Risk Share Floating Rate | 3.87% |
Non-Agency Fixed Rate | 1.69% |
Agency Fixed Rate | 0.20% |
Non-Agency Floating Rate | 0.18% |
SUBTOTAL | 5.94% |
Corporates - Investment Grade | |
Industrial | |
Energy | 0.92% |
Communications - Telecommunications | 0.75% |
Basic | 0.48% |
Capital Goods | 0.34% |
Consumer Non-Cyclical | 0.34% |
Consumer Cyclical - Retailers | 0.15% |
Transportation - Airlines | 0.09% |
SUBTOTAL | 3.07% |
Financial Institutions | |
Insurance | 1.50% |
Banking | 0.49% |
SUBTOTAL | 1.99% |
Utility | |
Electric | 0.21% |
SUBTOTAL | 0.21% |
Credit Default Swaps | 0.08% |
SUBTOTAL | 0.08% |
SUBTOTAL | 5.35% |
Commercial Mortgage-Backed Securities | |
Non-Agency Fixed Rate CMBS | 3.58% |
Credit Default Swaps | 1.31% |
Non-Agency Floating Rate CMBS | 0.24% |
SUBTOTAL | 5.13% |
Agencies | |
Agency Debentures | 4.16% |
SUBTOTAL | 4.16% |
Emerging Markets - Sovereigns | |
Emerging Markets - Sovereigns | 1.28% |
Credit Default Swaps | 0.44% |
SUBTOTAL | 1.72% |
Whole Loan Trusts | |
Performing Asset | 1.57% |
SUBTOTAL | 1.57% |
Emerging Markets - Corporate Bonds | |
Industrial | |
Consumer Non-Cyclical | 0.43% |
Capital Goods | 0.38% |
Communications - Telecommunications | 0.19% |
Basic | 0.18% |
Consumer Cyclical - Retailers | 0.14% |
Transportation - Airlines | 0.13% |
SUBTOTAL | 1.45% |
SUBTOTAL | 1.45% |
Common Stocks | 1.33% |
Quasi-Sovereigns | |
Quasi-Sovereign Bonds | 1.13% |
SUBTOTAL | 1.13% |
Preferred Stocks | |
Financial Institutions | 0.54% |
Industrial | 0.21% |
SUBTOTAL | 0.75% |
Governments - Sovereign Agencies | 0.48% |
Local Governments - Municipal Bonds | 0.39% |
Currency Instruments | |
Forward Currency Exchange Contracts | 0.31% |
SUBTOTAL | 0.31% |
Bank Loans | |
Industrial | |
Basic | 0.10% |
Communications - Media | 0.09% |
Other Industrial | 0.05% |
Technology | 0.01% |
SUBTOTAL | 0.25% |
SUBTOTAL | 0.25% |
Asset-Backed Securities | |
Autos - Fixed Rate | 0.13% |
Other ABS - Fixed Rate | 0.10% |
SUBTOTAL | 0.23% |
Investment Companies | |
Funds and Investment Trusts | 0.06% |
SUBTOTAL | 0.06% |
Interest Rate Swaps | -31.86% |
Interest Rate Futures | -46.01% |
Reverse Repurchase Agreements | -55.17% |
Net Cash Equivalents | |
Investment Companies | 4.62% |
Cash | -0.47% |
SUBTOTAL | 4.15% |
Derivative Offsets | |
Futures Offsets | 46.08% |
Swaps Offsets | 29.00% |
SUBTOTAL | 75.08% |
100.00% | |
Country Breakdown | Portfolio % |
United States | 91.05% |
Brazil | 2.09% |
Mexico | 1.01% |
Canada | 0.89% |
Bermuda | 0.80% |
United Kingdom | 0.41% |
Luxembourg | 0.39% |
France | 0.38% |
Switzerland | 0.30% |
Indonesia | 0.29% |
Germany | 0.26% |
Spain | 0.23% |
India | 0.23% |
El Salvador | 0.19% |
Barbados | 0.15% |
Venezuela | 0.14% |
Jamaica | 0.13% |
Italy | 0.11% |
Netherlands | 0.10% |
Kenya | 0.10% |
Dominican Republic | 0.10% |
Angola | 0.09% |
Ivory Coast | 0.08% |
Pakistan | 0.07% |
Guatemala | 0.06% |
Ghana | 0.06% |
Sri Lanka | 0.05% |
Zambia | 0.05% |
South Africa | 0.04% |
Morocco | 0.04% |
Australia | 0.03% |
Norway | 0.03% |
Sweden | 0.02% |
Belgium | 0.02% |
Peru | 0.01% |
Total Investments | 100.00% |
Net Currency Exposure Breakdown | Portfolio % |
United States Dollar | 105.57% |
Japanese Yen | 3.71% |
Chinese Yuan Renminbi | 1.01% |
New Zealand Dollar | 0.02% |
Mexican Peso | 0.01% |
Norwegian Krone | -0.02% |
Australian Dollar | -0.03% |
Brazilian Real | -0.08% |
Canadian Dollar | -0.51% |
Great British Pound | -0.98% |
Singapore Dollar | -1.55% |
Taiwan New Dollar | -3.04% |
Euro | -4.11% |
Total Net Assets | 100.00% |
Credit Rating | Portfolio % |
AAA | 55.81% |
AA | 0.07% |
A | 1.62% |
BBB | 10.89% |
BB | 8.49% |
B | 7.15% |
CCC | 2.35% |
CC | 0.27% |
C | 0.06% |
D | 0.41% |
Not Rated | 6.22% |
Short Term Investments | 4.62% |
N/A | 2.04% |
100.00% | |
Bonds By Maturity | Portfolio % |
Less than 1 year | -48.53% |
1 to 5 years | 28.61% |
5 to 10 years | 52.28% |
10 to 20 years | 57.77% |
20 to 30 years | 7.72% |
More than 30 years | 0.82% |
Other | 1.33% |
Total Net Assets | 100.00% |
Portfolio Statistics: | |
Average Coupon: | 7.56% |
Average Bond Price : | 115.63 |
Percentage of Leverage (based on Gross Assets): | |
Bank Borrowing: | 0.00% |
Investment Operations: | 38.94%* |
Preferred Stock: | 0.00% |
Tender Option Bonds: | 0.00% |
VMTP Shares: | 0.00% |
Total Fund Leverage: | 38.94% |
Average Maturity: | 13.80 Years |
Effective Duration: | 5.30 Years |
Total Net Assets: | $1,695.96 Million |
Net Asset Value: | $7.86 |
Number of Holdings: | 476 |
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.