ACG Alliancebernstein Income Fund

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

20.70%

2) U.S. Treasury Bonds 6.25%, 5/15/30

20.45%

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

18.16%

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

14.52%

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

8.61%

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

5.71%

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

4.42%

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

2.97%

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

2.14%

10) U.S. Treasury Bonds 8.00%, 11/15/21

2.06%

Investment Type

Portfolio %

Global Governments

104.75%

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

2.04%

Energy

2.02%

Communications - Media

1.77%

Communications - Telecommunications

0.81%

Basic

0.78%

Capital Goods

0.67%

Consumer Cyclical - Retailers

0.63%

Consumer Cyclical - Other

0.46%

Consumer Cyclical - Automotive

0.36%

Technology

0.36%

Transportation - Services

0.36%

Other Industrial

0.21%

Services

0.21%

Consumer Cyclical - Entertainment

0.09%

SUBTOTAL

10.77%

Credit Default Swaps

2.08%

SUBTOTAL

2.08%

Financial Institutions

Banking

1.07%

Other Finance

0.12%

Finance

0.09%

REITS

0.06%

SUBTOTAL

1.34%

Utility

Electric

0.79%

SUBTOTAL

0.79%

SUBTOTAL

14.98%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.19%

Non-Agency Fixed Rate

1.70%

Non-Agency Floating Rate

0.65%

Agency Fixed Rate

0.17%

SUBTOTAL

5.71%

Corporates - Investment Grade

Industrial

Communications - Telecommunications

0.74%

Basic

0.68%

Energy

0.43%

Capital Goods

0.32%

Consumer Non-Cyclical

0.32%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.08%

SUBTOTAL

2.71%

Financial Institutions

Insurance

1.44%

Banking

0.52%

SUBTOTAL

1.96%

Utility

Electric

0.20%

SUBTOTAL

0.20%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

4.95%

Agencies

Agency Debentures

3.96%

SUBTOTAL

3.96%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.08%

Non-Agency Floating Rate CMBS

0.23%

Credit Default Swaps

0.22%

SUBTOTAL

3.53%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.50%

Capital Goods

0.38%

Basic

0.28%

Communications - Telecommunications

0.21%

Transportation - Airlines

0.16%

Consumer Cyclical - Retailers

0.14%

SUBTOTAL

1.67%

SUBTOTAL

1.67%

Whole Loan Trusts

Performing Asset

1.35%

SUBTOTAL

1.35%

Common Stocks

1.20%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.12%

SUBTOTAL

1.12%

Emerging Markets - Sovereigns

0.92%

Local Governments - Municipal Bonds

0.87%

Preferred Stocks

Financial Institutions

0.50%

Industrial

0.20%

SUBTOTAL

0.70%

Bank Loans

Industrial

Consumer Non-Cyclical

0.14%

Basic

0.12%

Energy

0.10%

Communications - Media

0.08%

Other Industrial

0.05%

Technology

0.01%

SUBTOTAL

0.50%

SUBTOTAL

0.50%

Governments - Sovereign Agencies

0.49%

Currency Instruments

Forward Currency Exchange Contracts

0.30%

SUBTOTAL

0.30%

Investment Companies

Funds and Investment Trusts

0.16%

SUBTOTAL

0.16%

Asset-Backed Securities

Autos - Fixed Rate

0.12%

SUBTOTAL

0.12%

Options Purchased - Calls

Swaptions

0.01%

SUBTOTAL

0.01%

Put Options Written

-0.01%

Interest Rate Swaps - SIFMA

-38.96%

Interest Rate Futures

-46.22%

Reverse Repurchase Agreements

-51.96%

Net Cash Equivalents

Investment Companies

4.26%

Cash

1.48%

Foreign Currency

-0.01%

SUBTOTAL

5.73%

Derivative Offsets

Futures Offsets

46.61%

Swaps Offsets

37.52%

SUBTOTAL

84.13%

100.00%

Country Breakdown

Portfolio %

United States

90.82%

Brazil

2.37%

Mexico

1.09%

Canada

0.93%

Bermuda

0.75%

United Kingdom

0.42%

Luxembourg

0.41%

France

0.31%

Switzerland

0.30%

Indonesia

0.29%

Germany

0.26%

India

0.26%

Spain

0.23%

El Salvador

0.22%

Barbados

0.15%

Jamaica

0.14%

Dominican Republic

0.12%

Venezuela

0.12%

Italy

0.11%

Netherlands

0.10%

Ivory Coast

0.09%

South Africa

0.08%

Guatemala

0.08%

Pakistan

0.07%

Belgium

0.07%

Sri Lanka

0.05%

Zambia

0.05%

Morocco

0.04%

Australia

0.03%

Sweden

0.02%

Norway

0.01%

Peru

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

105.81%

Swedish Krona

1.05%

Indonesian Rupiah

1.02%

Japanese Yen

1.01%

Mexican Peso

0.01%

New Zealand Dollar

0.01%

Malaysian Ringgit

0.01%

Norwegian Krone

-0.03%

Brazilian Real

-0.03%

Great British Pound

-0.03%

Taiwan New Dollar

-0.48%

South Korean Won

-1.02%

Singapore Dollar

-2.00%

Australian Dollar

-2.41%

Euro

-2.92%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

56.56%

A

1.38%

BBB

10.63%

BB

7.14%

B

7.39%

CCC

2.88%

CC

0.34%

D

0.38%

Not Rated

4.81%

Short Term Investments

4.26%

N/A

4.23%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-43.37%

1 to 5 years

20.18%

5 to 10 years

53.11%

10 to 20 years

60.57%

20 to 30 years

7.35%

More than 30 years

0.96%

Other

1.20%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.41%

Average Bond Price :

119.33

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

37.84%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

37.84%

Average Maturity:

14.28 Years

Effective Duration:

4.57 Years

Total Net Assets:

$1,787.78 Million

Net Asset Value:

$8.25

Number of Holdings:

458

Portfolio Turnover:

32%