AllianceBernstein Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Dec. 26, 2013 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (ACG) (the "Fund") today released its monthly portfolio update as of November 30, 2013.



AllianceBernstein Income Fund, Inc.




Top 10 Fixed Income Holdings



Portfolio %

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

21.66%

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

17.59%

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

16.20%

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

12.45%

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

9.97%

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

5.04%

7) U.S. Treasury Notes 2.625%, 11/15/20

3.48%

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

3.41%

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

1.78%

10) U.S. Treasury Notes 2.00%, 2/15/22

1.26%



Investment Type



Portfolio %

Governments - Treasuries


Treasuries

90.15%

Treasury Futures

-44.77%

SUBTOTAL

45.38%

Corporates - Non-Investment Grades


Industrial


Communications - Media

2.95%

Consumer Non-Cyclical

2.04%

Energy

1.84%

Capital Goods

1.53%

Technology

0.97%

Basic

0.95%

Consumer Cyclical - Automotive

0.77%

Consumer Cyclical - Retailers

0.70%

Communications - Telecommunications

0.68%

Consumer Cyclical - Other

0.67%

Services

0.44%

Other Industrial

0.18%





Transportation - Services

0.15%

Consumer Cyclical - Entertainment

0.05%

SUBTOTAL

13.92%

Credit Default Swaps

3.30%

Financial Institutions


Banking

0.65%

Other Finance

0.43%

Finance

0.33%

Brokerage

0.15%

REITS

0.15%

Insurance

0.13%

SUBTOTAL

1.84%

Utility


Electric

1.31%

Natural Gas

0.39%

SUBTOTAL

1.70%

SUBTOTAL

20.76%

Corporates - Investment Grades


Industrial


Communications - Telecommunications

1.60%

Capital Goods

0.81%

Basic

0.79%

Energy

0.64%

Consumer Non-Cyclical

0.52%

Communications - Media

0.48%

Consumer Cyclical - Retailers

0.25%

Technology

0.24%

Transportation - Services

0.17%

Consumer Cyclical - Entertainment

0.16%

Consumer Cyclical - Other

0.11%

Transportation - Airlines

0.08%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

5.89%

Financial Institutions


Insurance

1.30%

Banking

1.06%

REITS

0.57%

Finance

0.15%

Other Finance

0.02%

SUBTOTAL

3.10%

Non Corporate Sectors


Agencies - Not Government Guaranteed

1.41%

SUBTOTAL

1.41%

Utility


Electric

0.12%

Natural Gas

0.09%

SUBTOTAL

0.21%

Credit Default Swaps

-0.13%

SUBTOTAL

10.48%

Agencies


Agency Subordinated

3.41%





Agency Debentures

3.26%

SUBTOTAL

6.67%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

1.92%

Non-Agency Floating Rate

1.34%

Agency Fixed Rate

0.04%

SUBTOTAL

3.30%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.60%

Capital Goods

0.33%

Communications - Telecommunications

0.31%

Energy

0.23%

Consumer Cyclical - Retailers

0.20%

Transportation - Airlines

0.19%

Basic

0.16%

Communications - Media

0.09%

SUBTOTAL

2.11%

SUBTOTAL

2.11%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

1.85%

SUBTOTAL

1.85%

Preferred Stocks


Financial Institutions

1.63%

Industrial

0.15%

SUBTOTAL

1.78%

Mortgage Pass-Throughs


Agency Fixed Rate 30-Year

1.08%

Agency ARMs

0.65%

SUBTOTAL

1.73%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.58%

SUBTOTAL

1.58%

Bank Loans


Industrial


Consumer Non-Cyclical

0.46%

Consumer Cyclical - Automotive

0.31%

Other Industrial

0.20%

Technology

0.20%

Communications - Media

0.17%

Consumer Cyclical - Other

0.12%

Basic

0.10%

Energy

0.01%

SUBTOTAL

1.57%

SUBTOTAL

1.57%

Local Governments - Municipal Bonds

1.25%

Interest Rate Swaps - SIFMA

0.91%

Governments - Sovereign Bonds

0.77%

Governments - Sovereign Agencies

0.70%

Emerging Markets - Sovereigns

0.51%

Currency Instruments






Forward Currency Exchange Contracts

0.09%

SUBTOTAL

0.09%

Common Stocks


Common Stocks


Common Stocks

0.05%

SUBTOTAL

0.05%

SUBTOTAL

0.05%

Reverse Repurchase Agreements

-45.40%

Net Cash Equivalents


Cash

1.74%

Investment Companies

1.48%

SUBTOTAL

3.22%

Derivative Offsets


Futures Offsets

44.72%

Swaps Offsets

-4.03%

SUBTOTAL

40.69%


100.00%



Country at Risk Breakdown



Portfolio %

United States

85.40%

Australia

3.00%

Russia

2.59%

United Kingdom

2.11%

Brazil

1.84%

Mexico

1.07%

Canada

0.99%

Germany

0.60%

Luxembourg

0.57%

Switzerland

0.55%

Netherlands

0.45%

Indonesia

0.40%

Hungary

0.39%

India

0.34%

France

0.32%

Colombia

0.31%

El Salvador

0.30%

Croatia

0.30%

Peru

0.28%

Spain

0.27%

Venezuela

0.26%

Nigeria

0.21%

Norway

0.20%

Portugal

0.20%

South Africa

0.17%

Chile

0.15%

Barbados

0.15%

Belgium

0.15%

Singapore

0.11%

Jamaica

0.07%

Euro Zone

-1.81%

Japan

-1.94%





Total Net Assets

100.00%



Net Currency Exposure Breakdown



Portfolio %

United States Dollar

100.81%

Russian Rubles

0.91%

Nigerian Naira

0.21%

Brazilian Real

0.05%

Euro

0.02%

Mexican Peso

-0.06%

Japanese Yen

-1.94%

Total Net Assets

100.00%



Credit Rating



Portfolio %

AAA

52.02%

AA

0.15%

A

3.52%

BBB

12.76%

BB

12.26%

B

9.48%

CCC

3.37%

CC

0.51%

D

0.22%

Not Rated

0.70%

Short Term Investments

1.48%

N/A

3.53%


100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

-39.36%

1 to 5 years

20.51%

5 to 10 years

55.33%

10 to 20 years

56.14%

20 to 30 years

6.21%

More than 30 years

1.12%

Other

0.05%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.81%

Average Bond Price :

115.31

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

47.14%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

47.14%





Average Maturity:

14.20 Years

Effective Duration:

6.91 Years

Total Net Assets:

$2,006.60 Million

Net Asset Value:

$8.26

Number of Holdings:

426

Portfolio Turnover:

58%

 

* 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.

 

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