ACG Alliancebernstein Income Fund

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

22.06%

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

20.26%

3) U.S. Treasury Notes 3.625%, 2/15/21

17.25%

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

14.18%

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

9.24%

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

5.42%

7) U.S. Treasury Bonds 3.125%, 8/15/44

4.69%

8) U.S. Treasury Notes 1.625%, 8/31/19

4.29%

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

3.39%

10) U.S. Treasury Bonds 8.75%, 8/15/20

2.86%

Investment Type

Portfolio %

Global Governments

107.16%

Corporates - Non-Investment Grades

Industrial

Communications - Media

1.92%

Energy

1.66%

Consumer Non-Cyclical

1.21%

Basic

1.11%

Capital Goods

0.72%

Technology

0.72%

Communications - Telecommunications

0.64%

Consumer Cyclical - Retailers

0.45%

Services

0.26%

Consumer Cyclical - Automotive

0.19%

Consumer Cyclical - Other

0.19%

Other Industrial

0.17%

Consumer Cyclical - Entertainment

0.11%

Transportation - Services

0.09%

SUBTOTAL

9.44%

Credit Default Swaps

2.25%

Financial Institutions

Banking

1.47%

Finance

0.21%

Insurance

0.13%

Other Finance

0.11%

SUBTOTAL

1.92%

Utility

Electric

0.76%

SUBTOTAL

0.76%

SUBTOTAL

14.37%

Agencies

Agency Debentures

3.86%

Agency Subordinated

3.39%

SUBTOTAL

7.25%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

0.93%

Energy

0.68%

Basic

0.61%

Capital Goods

0.33%

Transportation - Airlines

0.08%

Communications - Media

0.06%

SUBTOTAL

2.69%

Financial Institutions

Insurance

1.31%

Banking

0.95%

Finance

0.25%

SUBTOTAL

2.51%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.30%

SUBTOTAL

0.30%

Credit Default Swaps

0.27%

Utility

Electric

0.18%

SUBTOTAL

0.18%

SUBTOTAL

5.95%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

2.17%

Non-Agency Fixed Rate

1.56%

Non-Agency Floating Rate

0.64%

Agency Fixed Rate

0.17%

SUBTOTAL

4.54%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.25%

Credit Default Swaps

0.21%

SUBTOTAL

2.46%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.49%

Capital Goods

0.35%

Consumer Cyclical - Retailers

0.22%

Basic

0.21%

Transportation - Airlines

0.19%

Communications - Telecommunications

0.18%

SUBTOTAL

1.64%

SUBTOTAL

1.64%

Local Governments - Municipal Bonds

1.25%

Preferred Stocks

Financial Institutions

0.93%

Industrial

0.18%

SUBTOTAL

1.11%

Bank Loans

Industrial

Consumer Cyclical - Automotive

0.32%

Consumer Non-Cyclical

0.30%

Energy

0.10%

Other Industrial

0.10%

Communications - Media

0.08%

Consumer Cyclical - Other

0.08%

Technology

0.07%

Basic

0.04%

SUBTOTAL

1.09%

SUBTOTAL

1.09%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.07%

SUBTOTAL

1.07%

Whole Loan Trusts

Performing Asset

0.98%

SUBTOTAL

0.98%

Mortgage Pass-Throughs

Agency ARMs

0.61%

Agency Fixed Rate 30-Year

0.26%

SUBTOTAL

0.87%

Emerging Markets - Sovereigns

0.68%

Common Stocks

0.30%

Governments - Sovereign Agencies

0.21%

Investment Companies

Funds and Investment Trusts

0.12%

SUBTOTAL

0.12%

Currency Instruments

Forward Currency Exchange Contracts

0.08%

SUBTOTAL

0.08%

Interest Rate Swaps - SIFMA

-9.58%

Reverse Repurchase Agreements

-49.91%

Interest Rate Futures

-50.23%

Net Cash Equivalents

Cash

7.28%

Investment Companies

0.97%

Commercial Paper

0.08%

Repurchase Agreements

-2.61%

SUBTOTAL

5.72%

Derivative Offsets

Futures Offsets

47.46%

Swaps Offsets

5.41%

SUBTOTAL

52.87%

100.00%

Country Breakdown

Portfolio %

United States

92.46%

Mexico

1.06%

Brazil

1.03%

Canada

0.77%

United Kingdom

0.53%

Switzerland

0.39%

Luxembourg

0.38%

Indonesia

0.34%

France

0.27%

Peru

0.27%

Germany

0.25%

Spain

0.25%

India

0.25%

El Salvador

0.23%

Norway

0.18%

Bermuda

0.16%

Dominican Republic

0.16%

Barbados

0.14%

Italy

0.11%

Chile

0.11%

Venezuela

0.10%

Ireland

0.08%

Guatemala

0.07%

Pakistan

0.06%

Zambia

0.06%

Belgium

0.06%

Jamaica

0.05%

Sri Lanka

0.05%

Morocco

0.04%

Singapore

0.04%

Australia

0.03%

Sweden

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

102.91%

Mexican Peso

0.96%

Brazilian Real

0.05%

Great British Pound

0.03%

New Zealand Dollar

0.01%

Euro

-0.48%

Japanese Yen

-1.54%

Australian Dollar

-1.94%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

67.12%

AA

0.26%

A

1.82%

BBB

8.15%

BB

7.35%

B

6.93%

CCC

2.81%

CC

0.16%

C

0.01%

D

0.38%

Not Rated

2.45%

Short Term Investments

-1.56%

N/A

4.12%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-46.30%

1 to 5 years

18.78%

5 to 10 years

57.18%

10 to 20 years

60.65%

20 to 30 years

8.84%

More than 30 years

0.55%

Other

0.30%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.47%

Average Bond Price :

123.51

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

38.12%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

38.12%

Average Maturity:

14.16 Years

Effective Duration:

5.49 Years

Total Net Assets:

$1,930.93 Million

Net Asset Value:

$8.53

Number of Holdings:

387

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.