ACG Alliancebernstein Income Fund

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

20.50%

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

18.72%

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

16.48%

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

13.16%

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

8.80%

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

5.16%

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

4.12%

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

3.93%

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

3.35%

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

2.77%

Investment Type

Portfolio %

Global Governments

101.71%

Corporates - Non-Investment Grades

Industrial

Energy

2.36%

Communications - Media

2.12%

Consumer Non-Cyclical

1.29%

Capital Goods

1.14%

Basic

1.01%

Technology

0.89%

Communications - Telecommunications

0.75%

Consumer Cyclical - Retailers

0.59%

Services

0.37%

Consumer Cyclical - Other

0.20%

Consumer Cyclical - Automotive

0.19%

Other Industrial

0.17%

Consumer Cyclical - Entertainment

0.11%

Transportation - Services

0.10%

SUBTOTAL

11.29%

Credit Default Swaps

2.92%

Financial Institutions

Banking

1.94%

Finance

0.22%

Insurance

0.13%

Other Finance

0.13%

SUBTOTAL

2.42%

Utility

Electric

0.97%

SUBTOTAL

0.97%

SUBTOTAL

17.60%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

1.34%

Basic

0.76%

Capital Goods

0.66%

Energy

0.63%

Technology

0.28%

Transportation - Airlines

0.08%

Communications - Media

0.06%

SUBTOTAL

3.81%

Financial Institutions

Insurance

1.25%

Banking

1.24%

Finance

0.33%

SUBTOTAL

2.82%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.32%

ABS - Other

0.14%

SUBTOTAL

0.46%

Credit Default Swaps

0.26%

Utility

Electric

0.18%

SUBTOTAL

0.18%

SUBTOTAL

7.53%

Agencies

Agency Debentures

3.55%

Agency Subordinated

3.35%

SUBTOTAL

6.90%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

2.19%

GSE Risk Share Floating Rate

1.84%

Non-Agency Floating Rate

0.85%

Agency Fixed Rate

0.23%

SUBTOTAL

5.11%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.53%

Non-Agency Floating Rate CMBS

0.36%

Credit Default Swaps

0.20%

SUBTOTAL

3.09%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.64%

Capital Goods

0.36%

Energy

0.23%

Consumer Cyclical - Retailers

0.22%

Communications - Telecommunications

0.19%

Transportation - Airlines

0.19%

Communications - Media

0.17%

SUBTOTAL

2.00%

SUBTOTAL

2.00%

Preferred Stocks

Financial Institutions

1.36%

Industrial

0.17%

SUBTOTAL

1.53%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.23%

SUBTOTAL

1.23%

Local Governments - Municipal Bonds

1.16%

Bank Loans

Industrial

Consumer Cyclical - Automotive

0.33%

Consumer Non-Cyclical

0.31%

Other Industrial

0.23%

Communications - Media

0.08%

Consumer Cyclical - Other

0.08%

Technology

0.07%

Basic

0.05%

SUBTOTAL

1.15%

SUBTOTAL

1.15%

Mortgage Pass-Throughs

Agency ARMs

0.63%

Agency Fixed Rate 30-Year

0.27%

SUBTOTAL

0.90%

Whole Loan Trusts

Performing Asset

0.59%

SUBTOTAL

0.59%

Governments - Sovereign Agencies

0.21%

Currency Instruments

Forward Currency Exchange Contracts

0.13%

SUBTOTAL

0.13%

Investment Companies

Funds and Investment Trusts

0.13%

SUBTOTAL

0.13%

Common Stocks

0.09%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

0.73%

Credit Default Swaps

-1.30%

SUBTOTAL

-0.57%

Interest Rate Swaps - SIFMA

-4.76%

Interest Rate Futures

-46.79%

Reverse Repurchase Agreements

-52.33%

Net Cash Equivalents

Cash

2.65%

Investment Companies

2.20%

Repurchase Agreements

0.13%

SUBTOTAL

4.98%

Derivative Offsets

Futures Offsets

46.38%

Swaps Offsets

2.03%

SUBTOTAL

48.41%

100.00%

Country Breakdown

Portfolio %

United States

89.11%

Brazil

2.56%

Mexico

1.08%

Canada

1.03%

United Kingdom

0.53%

France

0.47%

Switzerland

0.45%

Hungary

0.43%

Germany

0.40%

Luxembourg

0.40%

Indonesia

0.39%

Peru

0.27%

Norway

0.26%

El Salvador

0.22%

Spain

0.22%

Dominican Republic

0.17%

Japan

0.17%

Venezuela

0.17%

Netherlands

0.16%

Colombia

0.15%

Barbados

0.14%

Portugal

0.14%

India

0.13%

Chile

0.11%

South Africa

0.11%

Italy

0.10%

Ireland

0.08%

Guatemala

0.07%

Belgium

0.06%

Pakistan

0.06%

Zambia

0.06%

Jamaica

0.05%

Singapore

0.04%

Turkey

0.04%

Morocco

0.04%

Kenya

0.04%

Sri Lanka

0.04%

Australia

0.03%

Sweden

0.02%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

105.93%

Brazilian Real

0.04%

New Zealand Dollar

0.03%

Great British Pound

0.03%

Mexican Peso

0.02%

Canadian Dollar

-1.03%

Euro

-1.46%

Japanese Yen

-1.49%

Australian Dollar

-2.07%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

55.98%

AA

0.34%

A

2.01%

BBB

12.54%

BB

9.60%

B

7.74%

CCC

3.17%

CC

0.54%

D

0.38%

Not Rated

2.45%

Short Term Investments

2.33%

N/A

2.92%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-45.70%

1 to 5 years

23.83%

5 to 10 years

55.85%

10 to 20 years

56.42%

20 to 30 years

9.14%

More than 30 years

0.37%

Other

0.09%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.52%

Average Bond Price :

118.03

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

37.54%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

37.54%

Average Maturity:

13.62 Years

Effective Duration:

5.62 Years

Total Net Assets:

$1,969.25 Million

Net Asset Value:

$8.39

Number of Holdings:

437

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.

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.