NEW YORK, April 25, 2016 /PRNewswire/ -- AB Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of March 31, 2016.

 

AB Income Fund, Inc.




Top 10 Fixed Income Holdings

Portfolio %

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

19.22%

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

19.05%

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

18.92%

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

15.41%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21

11.16%

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

6.02%

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

4.51%

8) U.S. Treasury Notes 0.75%, 2/28/18

3.89%

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

3.03%

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

2.13%



Investment Type

Portfolio %

Global Governments

110.72%

Corporates - Non-Investment Grade


Industrial


Communications - Media

1.10%

Energy

1.09%

Consumer Non-Cyclical

0.74%

Communications - Telecommunications

0.70%

Consumer Cyclical - Automotive

0.35%

Technology

0.25%

Transportation - Services

0.25%

Capital Goods

0.24%

Basic

0.21%

Consumer Cyclical - Other

0.21%

Consumer Cyclical - Retailers

0.17%

Other Industrial

0.10%

SUBTOTAL

5.41%

Credit Default Swaps

2.07%

SUBTOTAL

2.07%

Financial Institutions


Banking

0.80%

Other Finance

0.18%

Finance

0.06%

SUBTOTAL

1.04%

Utility


Electric

0.21%

SUBTOTAL

0.21%

SUBTOTAL

8.73%

Collateralized Mortgage Obligations


Risk Share Floating Rate

4.28%

Non-Agency Fixed Rate

1.57%

Agency Fixed Rate

0.07%

Non-Agency Floating Rate

0.04%

SUBTOTAL

5.96%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

3.34%

Credit Default Swaps

1.21%

Non-Agency Floating Rate CMBS

0.24%

SUBTOTAL

4.79%

Corporates - Investment Grade


Financial Institutions


Insurance

1.28%

Banking

0.48%

SUBTOTAL

1.76%

Industrial


Communications - Telecommunications

0.44%

Consumer Non-Cyclical

0.30%

Energy

0.28%

Basic

0.22%

Technology

0.21%

Transportation - Airlines

0.08%

Capital Goods

0.07%

SUBTOTAL

1.60%

Utility


Electric

0.22%

SUBTOTAL

0.22%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

3.66%

Agencies


Agency Debentures

3.33%

SUBTOTAL

3.33%

Whole Loan Trusts


Performing Asset

1.44%

SUBTOTAL

1.44%

Common Stocks

1.31%

Quasi-Sovereigns


Quasi-Sovereign Bonds

0.98%

SUBTOTAL

0.98%

Emerging Markets - Corporate Bonds


Industrial


Capital Goods

0.34%

Consumer Non-Cyclical

0.28%

Transportation - Airlines

0.07%

Basic

0.06%

Communications - Telecommunications

0.06%

SUBTOTAL

0.81%

SUBTOTAL

0.81%

Emerging Markets - Sovereigns

0.70%

Emerging Markets - Treasuries

0.43%

Local Governments - Municipal Bonds

0.39%

Asset-Backed Securities


Autos - Fixed Rate

0.19%

Other ABS - Fixed Rate

0.10%

SUBTOTAL

0.29%

Preferred Stocks


Financial Institutions

0.28%

SUBTOTAL

0.28%

Governments - Sovereign Agencies

0.24%

Investment Companies


Funds and Investment Trusts

0.06%

SUBTOTAL

0.06%

Bank Loans


Industrial


Basic

0.04%

SUBTOTAL

0.04%

SUBTOTAL

0.04%

Put Options Written

-0.01%

Currency Instruments


Forward Currency Exchange Contracts

-0.22%

SUBTOTAL

-0.22%

Interest Rate Swaps

-32.86%

Interest Rate Futures

-45.89%

Reverse Repurchase Agreements

-54.57%

Net Cash Equivalents


Investment Companies

10.51%

Cash

3.85%

Foreign Currency

0.03%

SUBTOTAL

14.39%

Derivative Offsets


Futures Offsets

46.01%

Swaps Offsets

28.99%

SUBTOTAL

75.00%

Total

100.00%



Country Breakdown

Portfolio %

United States

95.14%

Brazil

0.96%

Bermuda

0.79%

Mexico

0.60%

Canada

0.52%

Indonesia

0.32%

Germany

0.27%

United Kingdom

0.25%

Luxembourg

0.17%

France

0.16%

Kenya

0.10%

Ivory Coast

0.09%

Angola

0.09%

Dominican Republic

0.08%

Barbados

0.08%

Switzerland

0.08%

Zambia

0.05%

Italy

0.05%

Ghana

0.05%

Jamaica

0.04%

South Africa

0.04%

Netherlands

0.03%

Sweden

0.02%

Norway

0.01%

Peru

0.01%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

107.92%

Norwegian Krone

1.04%

Russian Rubles

0.81%

New Turkish Lira

0.76%

Mexican Peso

0.54%

Brazilian Real

0.50%

Argentine Peso

0.46%

New Zealand Dollar

0.09%

Polish Zloty

-0.01%

Great British Pound

-1.05%

Australian Dollar

-1.10%

Euro

-1.61%

Singapore Dollar

-1.61%

Taiwan New Dollar

-3.11%

Canadian Dollar

-3.63%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

60.93%

AA

0.07%

A

1.41%

BBB

6.43%

BB

4.88%

B

3.78%

CCC

1.62%

CC

0.29%

C

0.01%

D

0.37%

Not Rated

5.64%

Short Term Investments

10.51%

N/A

4.06%

Total

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

-39.72%

1 to 5 years

46.91%

5 to 10 years

25.54%

10 to 20 years

57.91%

20 to 30 years

7.20%

More than 30 years

0.85%

Other

1.31%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

6.78%

Average Bond Price :

121.49

Percentage of Leverage (based on Gross Assets):


Bank Borrowing:

0.00%

Investment Operations:

44.36%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

44.36%

Average Maturity:

13.18 Years

Effective Duration:

4.86 Years

Total Net Assets:

$1,723.35 Million

Net Asset Value:

$7.98

Number of Holdings:

415

Portfolio Turnover:

34%

* 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.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ab-income-fund-releases-monthly-portfolio-update-300256932.html

SOURCE AB Income Fund, Inc.

Copyright 2016 PR Newswire

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