ACG Alliancebernstein Income Fund

AllianceBernstein Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

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

22.31%

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

18.28%

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

16.07%

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

12.86%

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

8.56%

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

5.03%

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

3.28%

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

2.72%

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

1.87%

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

1.83%

Investment Type

Portfolio %

Global Governments

93.60%

Corporates - Non-Investment Grades

Industrial

Energy

2.54%

Communications - Media

1.93%

Consumer Non-Cyclical

1.47%

Capital Goods

1.35%

Basic

1.00%

Consumer Cyclical - Retailers

0.89%

Technology

0.88%

Communications - Telecommunications

0.85%

Services

0.36%

Consumer Cyclical - Other

0.26%

Consumer Cyclical - Automotive

0.19%

Other Industrial

0.17%

Transportation - Services

0.09%

Consumer Cyclical - Entertainment

0.04%

SUBTOTAL

12.02%

Credit Default Swaps

3.68%

Financial Institutions

Banking

0.78%

Finance

0.21%

REITS

0.15%

Other Finance

0.14%

Insurance

0.13%

SUBTOTAL

1.41%

Utility

Electric

0.59%

SUBTOTAL

0.59%

SUBTOTAL

17.70%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

1.50%

Capital Goods

1.16%

Basic

0.95%

Energy

0.70%

Consumer Non-Cyclical

0.55%

Technology

0.34%

Consumer Cyclical - Retailers

0.28%

Consumer Cyclical - Other

0.11%

Communications - Media

0.08%

Transportation - Airlines

0.08%

Transportation - Services

0.06%

SUBTOTAL

5.81%

Financial Institutions

Banking

2.14%

Insurance

1.32%

Finance

0.39%

REITS

0.39%

SUBTOTAL

4.24%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.42%

Energy

0.14%

SUBTOTAL

0.56%

Utility

Electric

0.30%

SUBTOTAL

0.30%

Credit Default Swaps

0.25%

SUBTOTAL

11.16%

Agencies

Agency Debentures

3.46%

Agency Subordinated

3.28%

SUBTOTAL

6.74%

Collateralized Mortgage Obligations

Non-Agency Fixed Rate

1.95%

GSE Risk Share Floating Rate

1.54%

Non-Agency Floating Rate

1.13%

SUBTOTAL

4.62%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.55%

Non-Agency Floating Rate CMBS

0.37%

Credit Default Swaps

0.20%

SUBTOTAL

4.12%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.80%

Capital Goods

0.35%

Energy

0.24%

Consumer Cyclical - Retailers

0.21%

Communications - Telecommunications

0.19%

Transportation - Airlines

0.19%

Communications - Media

0.17%

SUBTOTAL

2.15%

SUBTOTAL

2.15%

Mortgage Pass-Throughs

Agency Fixed Rate 30-Year

1.18%

Agency ARMs

0.61%

SUBTOTAL

1.79%

Preferred Stocks

Financial Institutions

1.42%

Industrial

0.17%

SUBTOTAL

1.59%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.28%

SUBTOTAL

1.28%

Bank Loans

Industrial

Consumer Cyclical - Automotive

0.35%

Consumer Non-Cyclical

0.35%

Other Industrial

0.19%

Basic

0.10%

Communications - Media

0.09%

Consumer Cyclical - Other

0.08%

Technology

0.07%

SUBTOTAL

1.23%

SUBTOTAL

1.23%

Local Governments - Municipal Bonds

1.13%

Whole Loan Trusts

Performing Asset

0.47%

SUBTOTAL

0.47%

Governments - Sovereign Agencies

0.20%

Common Stocks

0.09%

Currency Instruments

Forward Currency Exchange Contracts

0.03%

SUBTOTAL

0.03%

Options Purchased - Calls

0.01%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

0.72%

Credit Default Swaps

-1.26%

SUBTOTAL

-0.54%

Interest Rate Swaps - SIFMA

-2.69%

Interest Rate Futures

-40.56%

Reverse Repurchase Agreements

-47.08%

Net Cash Equivalents

Cash

1.95%

Governments - Treasuries

1.05%

SUBTOTAL

3.00%

Derivative Offsets

Futures Offsets

40.34%

Swaps Offsets

-0.38%

SUBTOTAL

39.96%

Total Fixed Income

100.00%

Country Breakdown

Portfolio %

United States

88.70%

Mexico

1.85%

Brazil

1.45%

Canada

1.03%

United Kingdom

0.73%

Malaysia

0.72%

Switzerland

0.46%

Hungary

0.44%

Luxembourg

0.41%

Indonesia

0.40%

France

0.40%

Germany

0.32%

Peru

0.28%

Colombia

0.23%

Spain

0.22%

El Salvador

0.22%

Venezuela

0.20%

Netherlands

0.17%

Japan

0.17%

Norway

0.16%

Portugal

0.14%

Barbados

0.14%

India

0.13%

Chile

0.11%

South Africa

0.11%

Italy

0.10%

Guatemala

0.08%

Belgium

0.07%

Dominican Republic

0.07%

Australia

0.07%

Zambia

0.06%

Pakistan

0.06%

Turkey

0.05%

Jamaica

0.05%

Kenya

0.04%

Morocco

0.04%

Sri Lanka

0.04%

China

0.04%

Singapore

0.04%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

106.41%

Malaysian Ringgit

1.05%

Norwegian Krone

0.98%

Brazilian Real

0.08%

Mexican Peso

0.03%

Great British Pound

0.03%

New Zealand Dollar

-1.04%

Japanese Yen

-1.48%

Euro

-1.49%

Canadian Dollar

-1.51%

Australian Dollar

-3.06%

Total Investments

100.00%

Credit Rating

Portfolio %

AAA

53.70%

AA

0.40%

A

3.89%

BBB

12.70%

BB

9.98%

B

8.14%

CCC

3.01%

CC

0.53%

D

0.21%

Not Rated

2.49%

Short Term Investments

1.05%

N/A

3.90%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-40.95%

1 to 5 years

18.69%

5 to 10 years

58.12%

10 to 20 years

57.84%

20 to 30 years

5.70%

More than 30 years

0.51%

Other

0.09%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.70%

Average Bond Price :

119.93

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

95.15%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

95.15%

Average Maturity:

13.13 Years

Effective Duration:

6.02 Years

Total Net Assets:

$2,023.79 Million

Net Asset Value:

$8.46

Number of Holdings:

445

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.