UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number: 811-07964
ACM MANAGED DOLLAR INCOME FUND, INC.
(Exact name of registrant as specified in charter)
1345 Avenue of the Americas, New York, New York 10105
(Address of principal executive offices) (Zip code)
Mark R. Manley
Alliance Capital Management L.P.
1345 Avenue of the Americas
New York, New York 10105
(Name and address of agent for service)
Registrant's telephone number, including area code: (800) 221-5672
Date of fiscal year end: September 30, 2006
Date of reporting period: December 31, 2005
ITEM 1. SCHEDULE OF INVESTMENTS.
PORTFOLIO OF INVESTMENTS
December 31, 2005 ACM Managed Dollar Income Fund
--------------------------------------------------------------------------------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
SOVEREIGN DEBT OBLIGATIONS-59.0%
Argentina-2.9%
Republic of Argentina
Zero Coupon, 12/15/35............................. $4,943 $ 257,041
8.28%, 12/31/33................................... 424 356,244
Republic of Argentina FRN
4.005%, 8/03/12(a)................................ 5,104 4,549,425
-----------
5,162,710
-----------
Belize-0.1%
Government of Belize
9.50%, 8/15/12.................................... 132 114,840
-----------
Brazil-10.3%
Republic of Brazil
8.00%, 1/15/18.................................... 2,099 2,261,672
8.25%, 1/20/34.................................... 894 947,640
9.25%, 10/22/10................................... 625 698,437
10.50%, 7/14/14................................... 1,238 1,516,550
11.00%, 8/17/40(b)................................ 2,353 3,035,370
12.00%, 4/15/10(b)................................ 1,150 1,400,125
12.75%, 1/15/20(b)................................ 3,268 4,710,822
14.50%, 10/15/09.................................. 530 679,725
Republic of Brazil-DCB FRN
Series L
4.313%, 4/15/12(a)................................ 3,057 3,018,379
-----------
18,268,720
-----------
Bulgaria-0.2%
Republic of Bulgaria
8.25%, 1/15/15(c)................................. 355 427,775
-----------
Colombia-1.4%
Republic of Colombia
10.75%, 1/15/13................................... 237 293,880
11.75%, 2/25/20(b)................................ 1,547 2,146,462
-----------
2,440,342
-----------
Dominican Republic-0.7%
Dominican Republic
9.50%, 9/27/11(c)*................................ 1,157 1,221,149
-----------
Ecuador-0.5%
Republic of Ecuador
9.00%, 8/15/30(a)(c).............................. 427 384,300
9.375%, 12/15/15(c)............................... 593 555,937
-----------
940,237
-----------
El Salvador-0.7%
Republic of El Salvador
7.625%, 9/21/34(c)................................ 150 162,375
7.65%, 6/15/35(c)................................. 574 591,220
8.50%, 7/25/11(c)................................. 400 448,400
-----------
1,201,995
-----------
Indonesia-0.7%
Republic of Indonesia
6.75%, 3/10/14(c)................................. 945 942,638
7.25%, 4/20/15(c)................................. 376 385,024
-----------
1,327,662
-----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Lebanon-0.6%
Lebanese Republic
7.875%, 5/20/11(c)................................ $ 325 $ 334,360
10.125%, 8/06/08(c)............................... 556 597,144
11.625%, 5/11/16(c)............................... 146 180,164
-----------
1,111,668
-----------
Mexico-8.2%
United Mexican States
7.50%, 1/14/12.................................... 875 974,750
8.00%, 9/24/22.................................... 4,472 5,517,330
8.125%, 12/30/19(b)............................... 5,135 6,316,050
11.375%, 9/15/16(b)............................... 1,296 1,908,360
-----------
14,716,490
-----------
Nigeria-0.8%
Central Bank of Nigeria
6.25%, 11/15/20................................... 1,250 1,250,000
-----------
Panama-1.7%
Republic of Panama
7.125%, 1/29/26................................... 677 685,463
8.875%, 9/30/27................................... 559 665,210
9.375%, 7/23/12................................... 105 123,008
9.375%, 4/01/29................................... 306 377,145
9.625%, 2/08/11................................... 135 157,815
10.75%, 5/15/20................................... 680 942,820
-----------
2,951,461
-----------
Peru-1.8%
Republic of Peru
7.35%, 7/21/25.................................... 631 621,535
8.375%, 5/03/16................................... 296 324,860
8.75%, 11/21/33(b)................................ 2,005 2,255,625
9.875%, 2/06/15................................... 23 27,577
-----------
3,229,597
-----------
Philippines-3.4%
Republic of Philippines
8.875%, 3/17/15(b)................................ 1,888 2,074,912
9.00%, 2/15/13.................................... 75 82,875
9.50%, 2/02/30.................................... 537 630,975
9.875%, 1/15/19(b)................................ 2,600 3,078,400
10.625%, 3/16/25.................................. 130 165,750
-----------
6,032,912
-----------
Russia-16.3%
Ministry Finance of Russia
Series V
3.00%, 5/14/08.................................... 5,795 5,483,808
Series VII
3.00%, 5/14/11.................................... 380 338,694
Russian Federation
5.00%, 3/31/30(a)(c)*............................. 19,846 22,376,365
11.00%, 7/24/18(c)................................ 435 641,190
-----------
28,840,057
-----------
Turkey-3.2%
Republic of Turkey
7.375%, 2/05/25................................... 440 453,200
11.00%, 1/14/13................................... 610 774,090
11.50%, 1/23/12(b)................................ 1,447 1,834,073
11.75%, 6/15/10................................... 883 1,081,675
11.875%, 1/15/30(b)............................... 1,019 1,563,146
-----------
5,706,184
-----------
Ukraine-0.7%
Ukraine Government
6.875%, 3/04/11(c)................................ 526 543,095
7.65%, 6/11/13(c)................................. 21 22,680
11.00%, 3/15/07(c)................................ 658 684,369
-----------
1,250,144
-----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Uruguay-1.0%
Republic of Uruguay
7.50%, 3/15/15.................................... $ 93 $ 95,093
7.875%, 1/15/33................................... 1,051 1,059,054
9.25%, 5/17/17.................................... 505 570,650
------------
1,724,797
------------
Venezuela-3.8%
Republic of Venezuela
5.61375%, 4/20/11(a)(c)........................... 120 117,060
8.50%, 10/08/14................................... 35 38,378
9.25%, 9/15/27(b)................................. 3,656 4,332,360
10.75%, 9/19/13................................... 1,815 2,239,710
------------
6,727,508
------------
Total Sovereign Debt Securities
(cost $84,662,211) ............................... 104,646,248
------------
U.S. CORPORATE DEBT OBLIGATIONS-46.6%
Aerospace & Defense-0.8%
DRS Technologies, Inc.
6.875%, 11/01/13.................................. 330 315,562
L-3 Communications Corp.
5.875%, 1/15/15................................... 345 334,650
Sequa Corp.
9.00%, 8/01/09.................................... 235 250,863
TD Funding Corp.
8.375%, 7/15/11................................... 410 431,525
------------
1,332,600
------------
Automotive-2.5%
Asbury Automotive Group, Inc.
8.00%, 3/15/14.................................... 211 201,505
Ford Motor Co.
7.45%, 7/16/31*................................... 561 381,480
Ford Motor Credit Co.
4.95%, 1/15/08.................................... 380 340,478
7.00%, 10/01/13................................... 253 216,178
General Motors Acceptence Corp.
6.875%, 9/15/11................................... 460 419,495
8.00%, 11/01/31................................... 730 699,253
General Motors Corp.
7.75%, 3/15/36(d)................................. 655 147,375
Hertz Corp.
8.875%, 1/01/14(c)................................ 410 417,688
10.50%, 1/01/16(c)................................ 130 133,900
HLI Operating, Inc.
10.50%, 6/15/10*.................................. 306 250,155
Keystone Automotive Operations, Inc.
9.75%, 11/01/13................................... 310 268,150
TRW Automotive, Inc.
9.375%, 2/15/13................................... 186 201,345
11.00%, 2/15/13................................... 176 197,560
United Auto Group, Inc.
9.625%, 3/15/12................................... 290 305,225
Visteon Corp.
7.00%, 3/10/14.................................... 220 169,950
------------
4,349,737
------------
Broadcasting & Media-0.9%
Albritton Communications Co.
7.75%, 12/15/12................................... 375 376,875
Emmis Communications Corp.
10.36625%, 6/15/12................................ 155 155,581
Lamar Media Corp.
6.625%, 8/15/15................................... 230 230,862
Liberty Media Corp.
5.70%, 5/15/13.................................... 150 139,764
7.875%, 7/15/09................................... 120 126,445
8.25%, 2/01/30.................................... 150 146,978
LIN Television Corp.
6.50%, 5/15/13.................................... 290 278,038
Sirius Satellite Radio, Inc
9.625%, 8/01/13(c)................................ 190 187,150
------------
1,641,693
------------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Building & Real Estate-1.9%
Associated Materials, Inc.
11.25%, 3/01/14(d)................................ $ 650 $ 318,500
D.R. Horton, Inc.
6.875%, 5/01/13................................... 345 360,024
KB HOME
7.75%, 2/01/10.................................... 480 501,470
Meritage Homes Corp.
6.25%, 3/15/15.................................... 470 427,700
M/I Homes, Inc.
6.875%, 4/01/12................................... 470 423,000
Schuler Homes, Inc.
10.50%, 7/15/11................................... 360 387,000
WCI Communities, Inc.
6.625%, 3/15/15 ................................... 425 369,750
William Lyon Homes, Inc.
10.75%, 4/01/13................................... 525 542,063
------------
3,329,507
------------
Cable-3.6%
Cablevision Systems Corp.
8.00%, 4/15/12*................................... 780 729,300
Charter Communications Operating LLC
8.00%, 4/30/12(c)................................. 1,630 1,621,850
CSC Holdings, Inc.
6.75%, 4/15/12(c)................................. 275 259,875
7.625%, 7/15/18................................... 410 389,500
DirectTV Holdings LLC
6.375%, 6/15/15................................... 430 420,325
Echostar DBS Corp.
6.375%, 10/01/11.................................. 325 312,812
Inmarsat Finance PLC (United Kingdom)
7.625%, 6/30/12................................... 372 383,625
Insight Midwest LP
9.75%, 10/01/09................................... 385 396,550
Intelsat Bermuda, Ltd. (Bermuda)
8.625%, 1/15/15(c)................................ 385 388,850
9.60938%, 1/15/12(a)(c)........................... 115 116,869
PanAmSat Corp.
9.00%, 8/15/14.................................... 313 327,868
10.375%, 11/01/14(d).............................. 665 465,500
Rogers Cable, Inc. (Canada)
6.75%, 3/15/15 ................................... 620 629,300
------------
6,442,224
------------
Chemicals-1.4%
Borden Chemicals, Inc.
9.00%, 7/15/14(c)................................. 395 391,050
Equistar Chemical Funding LP
10.125%, 9/01/08.................................. 480 520,800
10.625%, 5/01/11.................................. 145 159,500
Huntsman International LLC
9.875%, 3/01/09................................... 330 348,150
Rhodia SA
8.875%, 6/01/11................................... 625 640,625
Tronox Worldwide LLC
9.50%, 12/01/12(c)................................ 160 163,200
Westlake Chemical Corp.
8.75%, 7/15/11.................................... 270 288,900
------------
2,512,225
------------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Communications-Fixed-2.5%
Citizens Communications Co.
6.25%, 1/15/13..................................... $ 490 $ 474,075
Eircom Funding (Ireland)
8.25%, 8/15/13..................................... 430 460,100
Hawaiian Telecom Communications, Inc.
9.75%, 5/01/13(c)*................................. 345 337,238
MCI, Inc.
7.688%, 5/01/09.................................... 270 278,775
Qwest Corp.
6.875%, 9/15/33.................................... 530 498,200
8.875%, 3/15/12.................................... 1,685 1,899,838
VALOR Telecom Enterprise
7.75%, 2/15/15..................................... 430 449,350
----------
4,397,576
----------
Communications-Mobile-1.3%
Cincinnati Bell, Inc.
7.00%, 2/15/15..................................... 180 176,400
Digicel, Ltd. (Bermuda)
9.25%, 9/01/12(c).................................. 349 358,597
Nextel Communications, Inc.
5.95%, 3/15/14..................................... 240 241,257
6.875%, 10/31/13................................... 390 406,853
Rogers Wireless, Inc. (Canada)
7.25%, 12/15/12.................................... 335 352,169
7.50%, 3/15/15..................................... 368 397,440
Rural Cellular Corp.
8.25%, 3/15/12..................................... 270 284,850
----------
2,217,566
----------
Consumer Manufacturing-1.2%
Acco Brands Corp.
7.625%, 8/15/15.................................... 470 442,975
Broder Brothers Co.
11.25%, 10/15/10................................... 347 330,517
Crown Americas, Inc.
7.625%, 11/15/13(c)................................ 375 389,062
Jostens, Inc.
7.625%, 10/01/12................................... 425 427,125
Playtex Products, Inc.
8.00%, 3/01/11..................................... 320 340,800
Quiksilver, Inc.
6.875%, 4/15/15.................................... 220 211,750
----------
2,142,229
----------
Containers-0.1%
Plastipak Holdings, Inc.
8.50%, 12/15/15(c)................................. 135 136,350
----------
Diversified Media-1.4%
Dex Media, Inc.
8.00%, 11/15/13.................................... 415 423,300
Dex Media East LLC
9.875%, 11/15/09................................... 125 135,156
12.125%, 11/15/12.................................. 220 257,400
Dex Media West LLC
8.50%, 8/15/10..................................... 180 188,550
9.875%, 8/15/13.................................... 581 644,910
Rainbow National Services LLC
8.75%, 9/01/12(c).................................. 720 766,800
----------
2,416,116
----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Energy-2.3%
Amerada Hess Corp.
7.30%, 8/15/31..................................... $440 $ 509,205
Chesapeake Energy Corp.
7.75%, 1/15/15..................................... 485 514,100
El Paso Corp.
7.75%, 6/01/13..................................... 365 378,687
7.75%, 1/15/32*.................................... 571 572,427
Grant Prideco, Inc.
6.125%, 8/15/15(c)................................. 245 244,388
Hilcorp Energy
10.50%, 9/01/10(c)................................. 341 377,658
Kerr-McGee Corp.
6.875%, 9/15/11.................................... 160 170,960
Massey Energy Co.
6.875%, 12/15/13(c)................................ 280 282,450
Premco Refining Group, Inc.
9.50%, 2/01/13..................................... 280 312,101
Pride International, Inc.
7.375%, 7/15/14.................................... 400 429,000
Tesoro Corp.
6.25%, 11/01/12(c)................................. 350 351,750
----------
4,142,726
----------
Entertainment & Leisure-1.0%
Gaylord Entertainment Co.
8.00%, 11/15/13.................................... 350 366,625
Intrawest Corp. (Canada)
7.50%, 10/15/13 ................................... 195 197,437
Royal Caribbean Cruises (Liberia)
8.00%, 5/15/10..................................... 635 689,684
Universal City Development Partners
11.75%, 4/01/10.................................... 430 482,138
----------
1,735,884
----------
Financial-1.6%
Crum & Foster Holdings Corp.
10.375%, 6/15/13................................... 220 232,100
Fairfax Financial Holdings (Canada)
7.375%, 4/15/18*................................... 465 383,483
7.75%, 4/26/12* ................................... 550 513,195
Kinder Morgan Finance Co.
5.70%, 1/05/16(c).................................. 175 176,513
Markel Capital Trust I
Series B
8.71%, 1/01/46(e).................................. 615 661,042
PXRE Capital Trust I
8.85%, 2/01/27..................................... 320 314,400
TRAINS HY-2005-1
7.651%, 6/15/15(a)(c)*............................. 623 640,279
----------
2,921,012
----------
Food & Beverage-0.4%
Delhaize America, Inc.
8.125%, 4/15/11.................................... 260 283,417
Del Monte Food Co.
8.625%, 12/15/12................................... 125 132,812
Dole Food Company, Inc.
8.625%, 5/01/09.................................... 180 184,500
8.875%, 3/15/11.................................... 92 94,300
----------
695,029
----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Gaming-3.4%
Ameristar Casinos, Inc.
10.75%, 2/15/09 ................................... $240 $ 254,400
Boyd Gaming Corp.
7.75%, 12/15/12 ................................... 255 267,112
Greektown Holdings LLC
10.75%, 12/01/13(c) ............................... 190 188,575
Kerzner International, Ltd. (Bahamas)
6.75%, 10/01/15(c) ................................ 405 393,862
Mandalay Resort Group
10.25%, 8/01/07 ................................... 535 570,444
MGM Mirage, Inc.
6.625%, 7/15/15 ................................... 455 453,863
8.375%, 2/01/11* .................................. 620 663,400
Mohegan Tribal Gaming Authority
6.375%, 7/15/09 ................................... 155 155,969
7.125%, 8/15/14 ................................... 700 716,625
Penn National Gaming, Inc.
6.875%, 12/01/11 .................................. 380 383,800
Park Place Entertainment
7.00%, 4/15/13 .................................... 305 326,279
7.875%, 3/15/10 ................................... 150 161,250
9.375%, 2/15/07 ................................... 255 266,156
Riviera Holdings Corp.
11.00%, 6/15/10 ................................... 385 414,356
Seneca Gaming Corp.
7.25%, 5/01/12 .................................... 415 417,594
7.25%, 5/01/12(c) ................................. 125 125,781
Turning Stone Casino Resort Enterprise
9.125%, 12/15/10(c) ............................... 300 309,000
----------
6,068,466
----------
Health Care-3.2%
Concentra Operating Corp.
9.125%, 6/01/12 ................................... 195 200,850
9.50%, 8/15/10 .................................... 280 289,800
Coventry HealthCare, Inc.
5.875%, 1/15/12 ................................... 160 161,600
6.125%, 1/15/15 ................................... 170 174,250
DaVita, Inc. .........................................
7.25%, 3/15/15 .................................... 605 612,562
Extendicare Health Services
9.50%, 7/01/10 .................................... 160 169,800
Genesis HealthCare Corp.
8.00%, 10/15/13 ................................... 155 163,138
HCA, Inc.
6.375%, 1/15/15* .................................. 625 631,771
7.875%, 2/01/11 ................................... 415 446,190
IASIS Healthcare LLC
8.75%, 6/15/14 .................................... 445 467,250
Omnicare, Inc.
6.875%, 12/15/15 .................................. 230 233,450
PacifiCare Health Systems, Inc.
10.75%, 6/01/09 ................................... 345 369,581
Select Medical Corp.
7.625%, 2/01/15 ................................... 750 721,875
Triad Hospitals, Inc.
7.00%, 11/15/13 ................................... 570 571,425
Universal City Florida Holding, Co.
8.375%, 5/01/10 .................................. 110 107,525
Universal Hospital Services, Inc.
10.125%, 11/01/11 ................................. 260 269,100
----------
5,590,167
----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Hotels & Lodging-0.9%
Host Marriott LP
9.25%, 10/01/07 ................................... $ 110 $ 116,050
9.50%, 1/15/07 .................................... 310 320,850
La Quinta Properties, Inc.
8.875%, 3/15/11 ................................... 380 412,775
Starwood Hotels & Resorts Worldwide, Inc.
7.875%, 5/01/12 ................................... 405 446,513
Vail Resorts, Inc.
6.75%, 2/15/14 .................................... 360 360,000
----------
1,656,188
----------
Index-2.2%
Dow Jones CDX HY
8.25%, 6/29/10(c)* ................................ 975 986,070
8.75%, 12/29/10(c)* ............................... 2,906 2,916,546
----------
3,902,616
----------
Industrial-1.7%
AMSTED Industries, Inc.
10.25%, 10/15/11(c) ............................... 465 497,550
Case New Holland, Inc.
9.25%, 8/01/11 .................................... 315 337,050
Dayton Superior Corp.
10.75%, 9/15/08 ................................... 440 424,600
FastenTech, Inc.
11.50%, 5/01/11 ................................... 295 289,100
Goodman Global Holdings, Inc.
7.875%, 12/15/12(c) ............................... 280 260,400
NMHG Holding Co.
10.00%, 5/15/09 .................................. 220 234,300
Terex Corp.
10.375%, 4/01/11 .................................. 380 402,800
Trinity Industries, Inc.
6.50%, 3/15/14 .................................... 535 526,975
----------
2,972,775
----------
Insurance-0.4%
Liberty Mutual Group
5.75%, 3/15/14(c) ................................. 475 468,861
Royal & Sun Alliance Insurance Group PLC (United
Kingdom)
8.95%, 10/15/29 ................................... 235 300,089
----------
768,950
----------
Metals & Mining-1.3%
AK Steel Corp.
7.875%, 2/15/09 ................................... 380 361,000
Chesapeake Energy Corp.
6.625%, 1/15/16 ................................... 250 253,125
International Steel Group, Inc.
6.50%, 4/15/14 .................................... 452 452,000
Ispat Inland ULC (Canada)
9.75%, 4/01/14 .................................... 239 270,667
Peabody Energy Corp.
6.875%, 3/15/13 ................................... 385 400,400
Southern Peru Copper Corp.
6.375%, 7/27/15(c) ................................ 542 541,013
----------
2,278,205
----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Paper & Packaging-1.9%
Ball Corp.
6.875%, 12/15/12 .................................. $450 $ 464,625
Berry Plastics Corp.
10.75%, 7/15/12 ................................... 355 381,625
Graphic Packaging Int'l Corp.
9.50%, 8/15/13 .................................... 470 448,850
Newpage Corp.
10.00%, 5/01/12* .................................. 285 280,013
Owens-Brockway Glass Container, Inc.
8.875%, 2/15/09 ................................... 745 777,594
Russell-Stanley Holdings, Inc.
9.00%, 11/30/08(c)(f)(g) .......................... 913 456,739
Stone Container Corp.
9.25%, 2/01/08 .................................... 540 556,200
9.75%, 2/01/11 .................................... 12 12,120
----------
3,377,766
----------
Restaurants-0.2%
Domino's, Inc.
8.25%, 7/01/11 .................................... 262 273,790
----------
Retail-0.6%
GSC Holdings Corp.
8.00%, 10/01/12(c) ................................ 610 573,400
J.C. Penney Corporation, Inc.
7.625%, 3/01/97 ................................... 205 211,565
8.00%, 3/01/10 .................................... 420 460,004
----------
1,244,969
----------
Service-1.6%
Allied Waste North America
6.375%, 4/15/11 ................................... 610 594,750
8.875%, 4/01/08 ................................... 305 321,775
H & E Equipment/Finance
11.125%, 6/15/12 .................................. 561 619,905
Service Corp. International
6.50%, 3/15/08 .................................... 605 611,050
7.70%, 4/15/09 .................................... 270 283,500
United Rentals North America, Inc.
6.50%, 2/15/12 .................................... 404 393,395
7.75%, 11/15/13 ................................... 8 7,800
----------
2,832,175
----------
Supermarket & Drugstore-0.3%
Couche-Tard, Inc.
7.50%, 12/15/13 ................................... 333 342,990
Stater Bros. Holdings, Inc.
8.125%, 6/15/12 ................................... 197 195,030
----------
538,020
----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
Technology-0.9%
Lucent Technologies
6.45%, 3/15/29 .................................... $ 145 $ 124,338
6.50%, 1/15/28 .................................... 350 294,000
Nortel Networks Corp. (Canada)
6.875%, 9/01/23 ................................... 280 250,600
SunGard Data Systems, Inc.
9.125%, 8/15/13(c) ................................ 735 760,725
Telecordia Technologies, Inc.
10.00%, 3/15/13(c) ................................ 25 22,875
Unisys Corp.
7.875%, 4/01/08 ................................... 205 201,413
----------
1,653,951
----------
Utilities- Electric & Gas-5.1%
AES Corporation
8.75%, 5/15/13(c) ................................. 75 81,656
9.00%, 5/15/15(c) ................................. 115 125,925
Aquila, Inc.
14.875%, 7/01/12 .................................. 260 348,400
CMS Energy Corp.
6.875%, 12/15/15 .................................. 175 176,531
8.50%, 4/15/11 .................................... 215 234,081
DPL, Inc.
6.875%, 9/01/11 ................................... 162 170,707
Dynegy Holdings, Inc.
10.125%, 7/15/13(c) ............................... 230 259,900
Edison Mission Energy
9.875%, 4/15/11 ................................... 1,000 1,166,250
Enterprise Products Operating L.P.
5.60%, 10/15/14 ................................... 475 474,629
FirstEnergy Corp.
6.45%, 11/15/11 ................................... 470 498,198
Northwest Pipelines Corp.
8.125%, 3/01/10 ................................... 315 333,900
NRG Energy, Inc.
8.00%, 12/15/13 ................................... 335 373,525
Reliant Energy, Inc.
6.75%, 12/15/14 ................................... 65 56,713
9.50%, 7/15/13 .................................... 390 390,975
Sierra Pacific Resources
8.625%, 3/15/14 ................................... 260 281,317
Southern Natural Gas Co.
7.35%, 2/15/31 .................................... 405 415,492
8.875%, 3/15/10 ................................... 325 347,332
TECO Energy, Inc.
6.75%, 5/01/15 .................................... 445 460,575
7.00%, 5/01/12 .................................... 425 446,250
TXU Corp.
5.55%, 11/15/14 ................................... 360 341,941
6.50%, 11/15/24 ................................... 764 725,320
Williams Cos., Inc.
7.625%, 7/15/19 ................................... 1,365 1,463,963
----------
9,173,580
----------
Total U.S. Corporate Debt Obligations
(cost $85,921,119) ................................ 82,744,092
----------
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
NON-U.S. CORPORATE DEBT OBLIGATIONS-6.9%
Bermuda-0.2%
NCL Corp.
10.625%, 7/15/14 .................................. $ 340 $ 351,050
----------
Brazil-0.8%
Banco BMG SA
9.15%, 1/15/16(c) ................................. 250 246,500
PF Export Receivables Master Trust
6.436%, 6/01/15(c) ................................ 1,150 1,148,103
----------
1,394,603
----------
Canada-0.1%
Compton Pet Finance Corp.
7.625%, 12/01/13(c) ............................... 180 184,050
----------
China-0.3%
Chaoda Modern Agriculture
7.75%, 2/08/10(c) ................................. 519 509,918
----------
Hong Kong-0.2%
Noble Group, Ltd.
6.625%, 3/17/15(c) ................................ 401 369,276
----------
Kazakhstan-0.2%
Kazkommerts International BV
8.50%, 4/16/13(c) ................................. 350 381,290
----------
Luxembourg-0.4%
Nell AF S.a.r.l
8.375%, 8/15/15(c) ................................ 729 721,710
----------
Mexico-2.0%
America Movil S.A. de C.V.
6.375%, 3/01/35 ................................... 312 307,726
Innova S. de R.L.
9.375%, 9/19/13 ................................... 2,865 3,180,150
----------
3,487,876
----------
Romania-0.3%
Mobifon Holdings BV
12.50%, 7/31/10 ................................... 425 493,000
----------
Russia-1.8%
Citigroup (JSC Severstal)
9.25%, 4/19/14(c) ................................. 464 502,280
Evraz Group SA
8.25%, 11/10/15(c) ................................ 665 657,685
Gazprom OAO
9.625%, 3/01/13(c) ................................ 890 1,072,341
Mobile Telesystems Finance S.A.
9.75%, 1/30/08(c) ................................. 625 660,663
Russian Standard Finance SA
7.50%, 10/07/10(c) ................................ 270 262,913
Tyumen Oil Co.
11.00%, 11/06/07(c) ............................... 70 76,038
----------
3,231,920
----------
Singapore-0.4%
Avago Technologies Finance
10.125%, 12/01/13(c) .............................. 230 236,325
Flextronics International, Ltd.
6.50%, 5/15/13 .................................... 535 543,694
----------
780,019
----------
Ukraine-0.1%
Dresdner Bank AG (Kyivstar)
7.75%, 4/27/12(c) ................................. 100 101,320
----------
United Kingdom-0.1%
Invensys PLC
9.875%, 3/15/11(c) ................................ 230 227,700
----------
Total Non-U.S. Corporate Debt Obligations
(cost $11,650,586) ................................ 12,233,732
----------
Shares or
Principal
Amount U.S.
(000) $ Value
-------------------------------------------------------------------------------
NON-CONVERTIBLE PREFERRED STOCK-0.8%
Sovereign Real Estate Investment Trust
12.00%(c)
(cost $973,435) ............................... $ 978 $ 1,408,320
------------
WARRANTS(h)-0.0%
Central Bank of Nigeria
Warrants, expiring 11/15/20 ................... 1,000 22,000
Republic of Venezuela
Warrants, expiring 4/15/20 .................... 7,140 --
------------
Total Warrants
(cost $0) ..................................... 22,000
------------
SHORT-TERM INVESTMENT-1.8%
Time Deposit-1.8%
Societe Generale
4.190%, 1/03/06
(cost $3,200,000) ............................. 3,200 3,200,000
------------
Total Investments Before Security
Lending Collateral - 115.1%
(cost $186,407,351) ........................... 204,254,392
------------
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 8.2%
Short-Term Investment
UBS Private Money Market Fund, LLC
3.65%
(cost $14,529,430) ............................ 14,529,430 14,529,430
------------
Total Investments - 123.3%
(cost $200,936,781) ........................... 218,783,822
Other assets less liabilities - (23.3)% .......... (41,408,017)
------------
Net Assets-100.0% ................................ $177,375,805
------------
CREDIT DEFAULT SWAP CONTRACTS
Notional Unrealized
Swap Counterparty & Amount Interest Termination Appreciation/
Reference Obligation (000) Rate Date (Depreciation)
---------------------------------------------------------------------------------------
Buy Contracts:
Citigroup Global Markets, Inc.
Federal Republic of Brazil
12.25%, 3/06/30 1,220 4.14% 4/20/10 $(111,484)
Citigroup Global Markets, Inc
Federal Republic of Hungary
4.50%, 2/06/13 350 .50 11/26/13 (3,356)
Citigroup Global Markets, Inc.
Federal Republic of Philippines
10.625%, 3/16/25 510 5.60 3/20/14 (69,865)
Deutsche Bank Securities Corp.
Federal Republic of Brazil
12.25%, 3/06/30 1,220 4.02 4/20/10 (101,553)
JP Morgan Chase
OAO Gazprom
10.50%, 10/21/09 1,490 1.04 10/20/10 (13,293)
Sale Contracts:
Citigroup Global Markets, Inc.
Federal Republic of Brazil
12.25%, 3/06/30 2,562 1.98 4/20/07 57,799
Citigroup Global Markets, Inc.
Federal Republic of Brazil
12.25%, 3/06/30 900 4.40 5/20/06 18,890
Citigroup Global Markets, Inc.
Federal Republic of Philippines
10.625%, 3/16/25 510 4.95 3/20/09 48,472
Credit Suisse First Boston Int'l.
Federal Republic of Brazil
12.25%, 3/06/30 750 6.90 6/20/07 95,012
Credit Suisse First Boston Int'l.
Federal Republic of Venezuela
9.25%, 9/15/27 730 3.17 10/20/15 13,874
Deutsche Bank Securities Corp.
Federal Republic of Brazil
12.25%, 3/06/30 2,562 1.90 4/20/07 51,496
JP Morgan Chase
Federal Republic of Hungary
4.75%, 2/03/15 1,380 0.30 10/20/15 7,804
Morgan Stanley Dean Witter
Federal Republic of Brazil
12.25%, 3/06/30 680 3.80 8/20/06 23,955
REVERSE REPURCHASE AGREEMENTS
Broker Interest Rate Maturity Amount
------------------------------------------------------------------------
Barclays Securites 1.50% 12/29/06 $ 1,876,914
Barclays Securites 1.50 12/29/06 2,531,534
Barclays Securites 3.85 12/29/06 4,852,475
Chase Manhattan Bank 3.95 12/29/06 3,029,979
Chase Manhattan Bank 4.05 12/29/06 1,262,126
Chase Manhattan Bank 4.10 12/29/06 3,094,277
Chase Manhattan Bank 4.10 12/29/06 1,429,939
Chase Manhattan Bank 4.10 12/29/06 2,350,008
Chase Manhattan Bank 4.15 12/29/06 1,884,152
Chase Manhattan Bank 4.30 12/29/06 1,284,798
Merrill Lynch 2.50 12/29/06 1,497,943
Merrill Lynch 3.75 12/29/06 4,236,436
Santander Investment Securities 3.75 12/29/06 1,440,935
-----------
$30,771,516
===========
* Represents entire or partial securities out on loan.
(a) Coupon changes periodically based upon a predetermined schedule. Stated
interest rate in effect at December 31, 2005.
(b) Positions, or portions thereof, with an aggregate market value of
$34,655,705 have been segregated to collateralize reverse repurchase
agreements.
(c) Security is exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At December 31,
2005, the aggregate market value of these securities amounted to
$56,092,072 or 31.6% of net assets.
(d) Indicates a security that has a zero coupon that remains in effect until a
predetermined date at which time the stated coupon rate becomes effective
until final maturity.
(e) Illiquid security, valued at fair market value.
(f) Security exempt from registration under Rule 144A of the Securites Act of
1933. This security, which represents 0.26% of net assets as of December
31, 2005, is considered illiquid and restricted.
Acquisition Acquisition Market Percentage of
Restricted Security Date Cost Value Net Assets
--------------------------------------------------------------------------------------
Russell-Stanley Holdings, Inc. 2/26/99- $5,111,352 $456,739 0.26%
9.00%, 11/30/08 8/31/05
(g) Payment in kind (PIK) quarterly coupon payment.
(h) Non-income producing security.
Glossary of Terms:
DCB - Debt Conversion Bond
FRN - Floating Rate Note
Please note: The sector classifications presented herein are based on the sector
categorization methodology of the Adviser.
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrant's principal executive officer and principal financial officer
have concluded that the registrant's disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended)
are effective at the reasonable assurance level based on their evaluation of
these controls and procedures as of a date within 90 days of the filing date of
this document.
(b) There were no changes in the registrant's internal controls over financial
reporting that occurred during the second fiscal quarter of the period that has
materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
The following exhibits are attached to this Form N-Q:
EXHIBIT NO. DESCRIPTION OF EXHIBIT
----------- ----------------------
11 (a) (1) Certification of Principal Executive Officer Pursuant to Section
302 of the Sarbanes-Oxley Act of 2002
11 (a) (2) Certification of Principal Financial Officer Pursuant to Section
302 of the Sarbanes-Oxley Act of 2002
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant): ACM Managed Dollar Income Fund, Inc.
By: /s/ Marc O. Mayer
-----------------
Marc O. Mayer
President
Date: February 21, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ Marc O. Mayer
-----------------
Marc O. Mayer
President
Date: February 21, 2006
By: /s/ Mark D. Gersten
-------------------
Mark D. Gersten
Treasurer and Chief Financial Officer
Date: February 21, 2006