AllianceBernstein Income Fund Releases Monthly Portfolio Update - WSFX - FOX Wilmington, NC

AllianceBernstein Income Fund Releases Monthly Portfolio Update

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SOURCE AllianceBernstein Income Fund, Inc.

NEW YORK, June 27, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of May 31, 2014.


AllianceBernstein Income Fund, Inc.





Top 10 Fixed Income Holdings

Portfolio %

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

21.84%

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

17.85%

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

15.90%

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

12.59%

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

8.44%

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

4.97%

7) U.S. Treasury Notes 1.125%, 3/31/20

3.43%

8) U.S. Treasury Notes

3.42%

9) Federal National Mortgage Association  5.375%, 06/12/2017

3.27%

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

1.80%



Investment Type

Portfolio %

Global Governments

92.78%

Corporates - Non-Investment Grades


Industrial


Communications - Media

1.90%

Energy

1.83%

Consumer Non-Cyclical

1.52%

Capital Goods

1.30%

Communications - Telecommunications

1.02%

Technology

0.93%

Basic

0.86%

Consumer Cyclical - Retailers

0.65%

Services

0.37%

Consumer Cyclical - Other

0.26%

Consumer Cyclical - Automotive

0.23%

Other Industrial

0.18%

Consumer Cyclical - Entertainment

0.16%

Transportation - Services

0.09%

SUBTOTAL

11.30%

Credit Default Swaps

3.65%

Financial Institutions


Banking

1.09%

Finance

0.44%

REITS

0.15%

Insurance

0.13%

Other Finance

0.12%

SUBTOTAL

1.93%

Utility


Natural Gas

0.63%

Electric

0.59%

SUBTOTAL

1.22%

SUBTOTAL

18.10%

Corporates - Investment Grades


Industrial


Communications - Telecommunications

1.69%

Basic

0.91%

Capital Goods

0.84%

Energy

0.72%

Consumer Non-Cyclical

0.54%

Consumer Cyclical - Retailers

0.28%

Technology

0.27%

Communications - Media

0.25%

Consumer Cyclical - Entertainment

0.17%

Consumer Cyclical - Other

0.11%

Transportation - Airlines

0.08%

Transportation - Services

0.06%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

5.96%

Financial Institutions


Banking

1.38%

Insurance

1.27%

REITS

0.39%

Finance

0.15%

SUBTOTAL

3.19%

Non Corporate Sectors


Agencies - Not Government Guaranteed

0.41%

SUBTOTAL

0.41%

Utility


Electric

0.29%

SUBTOTAL

0.29%

Credit Default Swaps

0.19%

SUBTOTAL

10.04%

Agencies


Agency Debentures

3.36%

Agency Subordinated

3.27%

SUBTOTAL

6.63%

Collateralized Mortgage Obligations


Non-Agency Fixed Rate

1.95%

Non-Agency Floating Rate

1.27%

GSE Risk Share Floating Rate

1.12%

SUBTOTAL

4.34%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

3.76%

Credit Default Swaps

0.19%

Non-Agency Floating Rate CMBS

0.15%

SUBTOTAL

4.10%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.78%

Communications - Telecommunications

0.42%

Capital Goods

0.34%

Energy

0.23%

Consumer Cyclical - Retailers

0.21%

Transportation - Airlines

0.19%

Basic

0.17%

SUBTOTAL

2.34%

SUBTOTAL

2.34%

Preferred Stocks


Financial Institutions

1.93%

Industrial

0.16%

SUBTOTAL

2.09%

Mortgage Pass-Throughs


Agency Fixed Rate 30-Year

1.20%

Agency ARMs

0.60%

SUBTOTAL

1.80%

Local Governments - Municipal Bonds

1.34%

Bank Loans


Industrial


Consumer Non-Cyclical

0.40%

Consumer Cyclical - Automotive

0.31%

Other Industrial

0.19%

Basic

0.10%

Communications - Media

0.09%

Consumer Cyclical - Other

0.08%

Technology

0.07%

Energy

0.01%

SUBTOTAL

1.25%

SUBTOTAL

1.25%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.23%

SUBTOTAL

1.23%

Common Stocks

0.64%

Whole Loan Trusts


Performing Asset

0.49%

SUBTOTAL

0.49%

Governments - Sovereign Agencies

0.20%

Options Purchased - Calls


Options on Indices

0.02%

SUBTOTAL

0.02%

Call Options Written


Options Written - Calls

-0.01%

SUBTOTAL

-0.01%

Currency Instruments


Forward Currency Exchange Contracts

-0.03%

SUBTOTAL

-0.03%

Emerging Markets - Sovereigns


Emerging Markets - Sovereigns

0.64%

Credit Default Swaps

-1.27%

SUBTOTAL

-0.63%

Interest Rate Swaps - SIFMA

-2.54%

Interest Rate Futures

-43.58%

Reverse Repurchase Agreements

-46.98%

Net Cash Equivalents


Cash

2.25%

Investment Companies

0.85%

Governments - Treasuries

0.50%

Repurchase Agreements

-0.21%

SUBTOTAL

3.39%

Derivative Offsets


Futures Offsets

43.32%

Swaps Offsets

-0.33%

SUBTOTAL

42.99%


100.00%



Country Breakdown

Portfolio %

United States

89.01%

Brazil

2.04%

Mexico

1.55%

Canada

0.81%

United Kingdom

0.75%

Switzerland

0.46%

France

0.44%

Hungary

0.43%

Indonesia

0.38%

Luxembourg

0.37%

Malaysia

0.35%

Germany

0.31%

Peru

0.26%

India

0.25%

Colombia

0.23%

Spain

0.21%

Venezuela

0.21%

El Salvador

0.21%

Netherlands

0.18%

Japan

0.17%

Russia

0.16%

Norway

0.16%

Portugal

0.14%

South Africa

0.12%

Chile

0.11%

Barbados

0.09%

Australia

0.07%

Guatemala

0.07%

Dominican Republic

0.07%

Zambia

0.06%

Pakistan

0.06%

Belgium

0.06%

Jamaica

0.05%

Singapore

0.04%

Turkey

0.04%

Sri Lanka

0.04%

Morocco

0.04%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

104.82%

Malaysian Ringgit

1.01%

South Korean Won

1.00%

Peruvian Nuevo Sol

0.99%

Mexican Peso

0.07%

Euro

0.05%

Great British Pound

0.02%

Australian Dollar

-1.03%

Polish Zloty

-1.95%

Canadian Dollar

-2.00%

Japanese Yen

-2.98%

Total Nets Assets

100.00%



Credit Rating

Portfolio %

AAA

53.23%

AA

0.15%

A

3.18%

BBB

13.46%

BB

10.39%

B

8.88%

CCC

2.87%

CC

0.51%

D

0.22%

Not Rated

1.95%

Short Term Investments

1.14%

N/A

4.02%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

-40.78%

1 to 5 years

18.25%

5 to 10 years

57.59%

10 to 20 years

56.56%

20 to 30 years

6.67%

More than 30 years

1.07%

Other

0.64%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.53%

Average Bond Price :

118.16

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

50.44%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

50.44%

Average Maturity:

13.87 Years

Effective Duration:

6.16 Years

Total Net Assets:

$2,052.38 Million

Net Asset Value:

$8.45

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.

©2012 PR Newswire. All Rights Reserved.

 
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