ACG Alliancebernstein Income Fund

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

22.41%

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

20.57%

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

17.72%

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

14.42%

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

9.51%

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

5.57%

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

4.61%

8) U.S. Treasury Notes 1.25%, 1/31/20

4.28%

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

2.93%

10) Residual Funding Corp. Principal Strip  Zero Coupon, 7/15/20

2.06%

Investment Type

Portfolio %

Global Governments

110.91%

Corporates - Non-Investment Grades

Industrial

Energy

1.87%

Communications - Media

1.62%

Consumer Non-Cyclical

1.44%

Basic

0.91%

Communications - Telecommunications

0.80%

Consumer Cyclical - Retailers

0.71%

Capital Goods

0.65%

Technology

0.43%

Consumer Cyclical - Other

0.29%

Services

0.28%

Transportation - Services

0.25%

Other Industrial

0.18%

Consumer Cyclical - Entertainment

0.12%

Consumer Cyclical - Automotive

0.01%

SUBTOTAL

9.56%

Credit Default Swaps

2.17%

Financial Institutions

Banking

0.96%

Insurance

0.14%

Other Finance

0.12%

Finance

0.10%

SUBTOTAL

1.32%

Utility

Electric

0.73%

SUBTOTAL

0.73%

SUBTOTAL

13.78%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

0.79%

Basic

0.64%

Capital Goods

0.39%

Energy

0.36%

Transportation - Airlines

0.08%

Communications - Media

0.06%

SUBTOTAL

2.32%

Financial Institutions

Insurance

1.34%

Banking

0.74%

SUBTOTAL

2.08%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.31%

SUBTOTAL

0.31%

Credit Default Swaps

0.28%

Utility

Electric

0.19%

SUBTOTAL

0.19%

SUBTOTAL

5.18%

Collateralized Mortgage Obligations

Non-Agency Floating Rate

1.82%

Non-Agency Fixed Rate

1.60%

GSE Risk Share Floating Rate

1.20%

Agency Fixed Rate

0.19%

SUBTOTAL

4.81%

Agencies

Agency Debentures

3.92%

SUBTOTAL

3.92%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.91%

Credit Default Swaps

0.22%

SUBTOTAL

3.13%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.47%

Capital Goods

0.37%

Consumer Cyclical - Retailers

0.23%

Basic

Communications - Telecommunications

0.21%

Transportation - Airlines

0.20%

SUBTOTAL

1.70%

SUBTOTAL

1.70%

Whole Loan Trusts

Performing Asset

1.28%

SUBTOTAL

1.28%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.21%

SUBTOTAL

1.21%

Local Governments - Municipal Bonds

1.01%

Preferred Stocks

Financial Institutions

0.76%

Industrial

0.19%

SUBTOTAL

0.95%

Bank Loans

Industrial

Consumer Non-Cyclical

0.43%

Energy

0.11%

Other Industrial

0.10%

Consumer Cyclical - Other

0.09%

Communications - Media

0.07%

Consumer Cyclical - Automotive

0.05%

Technology

0.05%

Basic

0.04%

SUBTOTAL

0.94%

SUBTOTAL

0.94%

Emerging Markets - Sovereigns

0.83%

Common Stocks

0.30%

Investment Companies

Funds and Investment Trusts

0.14%

SUBTOTAL

0.14%

Currency Instruments

Forward Currency Exchange Contracts

0.06%

SUBTOTAL

0.06%

Governments - Sovereign Agencies

0.02%

Interest Rate Swaps - SIFMA

-14.08%

Interest Rate Futures

-45.36%

Reverse Repurchase Agreements

-55.14%

Net Cash Equivalents

Investment Companies

4.63%

Cash

4.52%

Governments - Treasuries

0.23%

SUBTOTAL

9.38%

Derivative Offsets

Futures Offsets

44.62%

Swaps Offsets

10.41%

SUBTOTAL

55.03%

100.00%

Country Breakdown

Portfolio %

United States

91.41%

Brazil

2.25%

Mexico

1.10%

Canada

0.86%

Luxembourg

0.43%

United Kingdom

0.34%

Indonesia

0.32%

France

0.28%

Peru

0.27%

India

0.25%

Germany

0.25%

Spain

0.24%

Switzerland

0.24%

El Salvador

0.22%

Italy

0.21%

Bermuda

0.16%

Dominican Republic

0.15%

Uruguay

0.15%

Barbados

0.14%

Venezuela

0.11%

Ivory Coast

0.09%

Guatemala

0.08%

Belgium

0.06%

Pakistan

0.06%

Zambia

0.06%

Jamaica

0.06%

Norway

0.04%

Sri Lanka

0.04%

Morocco

0.04%

South Africa

0.04%

Australia

0.03%

Sweden

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

109.14%

Indonesian Rupiah

0.62%

Uruguayan Peso

0.23%

Mexican Peso

0.01%

New Zealand Dollar

-0.49%

Singapore Dollar

-0.50%

Taiwan New Dollar

-0.52%

Swiss Franc

-1.00%

Canadian Dollar

-1.01%

Brazilian Real

-1.45%

Australian Dollar

-1.97%

Great British Pound

-3.06%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

59.70%

A

1.68%

BBB

9.30%

BB

6.23%

B

7.64%

CCC

3.24%

CC

0.17%

C

0.01%

D

0.38%

Not Rated

3.39%

Short Term Investments

4.85%

N/A

3.41%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-45.71%

1 to 5 years

15.85%

5 to 10 years

58.36%

10 to 20 years

61.81%

20 to 30 years

8.53%

More than 30 years

0.86%

Other

0.30%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.52%

Average Bond Price :

121.19

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

39.72%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

0.00%

Average Maturity:

14.16 Years

Effective Duration:

4.98 Years

Total Net Assets:

$1,858.31 Million

Net Asset Value:

$8.50

Number of Holdings:

436

Portfolio Turnover:

32%