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AllianceBernstein Income Fund Releases Monthly Portfolio Update

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SOURCE AllianceBernstein Income Fund

NEW YORK, March 24, 2014 /PRNewswire/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2014.


AllianceBernstein Income Fund, Inc.



Top 10 Fixed Income Holdings

Portfolio %

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

21.76%

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

17.72%

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

16.06%

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

12.52%

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

8.52%

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

5.01%

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

3.45%

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

3.35%

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

1.81%

10) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/17

1.09%





Investment Type

Portfolio %

Global Governments

33.48%

Corporates - Non-Investment Grades


Industrial


Communications - Media

2.72%

Energy

1.72%

Consumer Non-Cyclical

1.51%

Capital Goods

1.25%

Basic

0.83%

Consumer Cyclical - Retailers

0.80%

Communications - Telecommunications

0.69%

Technology

0.69%

Consumer Cyclical - Other

0.39%

Services

0.37%

Consumer Cyclical - Automotive

0.23%

Other Industrial

0.19%

Transportation - Services

0.15%

Consumer Cyclical - Entertainment

0.05%

SUBTOTAL

11.59%

Credit Default Swaps

3.47%

Financial Institutions


Banking

1.09%

Finance

0.44%

Other Finance

0.30%

REITS

0.15%

Insurance

0.13%

SUBTOTAL

2.11%

Utility


Electric

0.78%

Natural Gas

0.34%

SUBTOTAL

1.12%

SUBTOTAL

18.29%

Corporates - Investment Grades


Industrial


Communications - Telecommunications

1.67%

Basic

0.96%

Capital Goods

0.82%

Energy

0.66%

Consumer Non-Cyclical

0.53%

Consumer Cyclical - Retailers

0.27%

Technology

0.25%

Communications - Media

0.22%

Consumer Cyclical - Entertainment

0.17%

Consumer Cyclical - Other

0.11%

Transportation - Airlines

0.08%

Transportation - Services

0.06%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

5.84%

Financial Institutions


Insurance

1.23%

Banking

1.08%

REITS

0.57%

Finance

0.15%

Other Finance

0.02%

SUBTOTAL

3.05%

Non Corporate Sectors


Agencies - Not Government Guaranteed

1.39%

SUBTOTAL

1.39%

Utility


Electric

0.29%

SUBTOTAL

0.29%

SUBTOTAL

10.57%

Agencies


Agency Subordinated

3.35%

Agency Debentures

3.31%

SUBTOTAL

6.66%

Collateralized Mortgage Obligations


Non-Agency Floating Rate

2.08%

Non-Agency Fixed Rate

1.98%

SUBTOTAL

4.06%

Emerging Markets - Corporate Bonds


Industrial


Consumer Non-Cyclical

0.68%

Communications - Telecommunications

0.42%

Capital Goods

0.34%

Energy

0.23%

Consumer Cyclical - Retailers

0.21%

Transportation - Airlines

0.19%

Basic

0.17%

Communications - Media

0.09%

SUBTOTAL

2.33%

SUBTOTAL

2.33%

Commercial Mortgage-Backed Securities


Non-Agency Fixed Rate CMBS

1.86%

SUBTOTAL

1.86%

Preferred Stocks


Financial Institutions

1.71%

Industrial

0.15%

SUBTOTAL

1.86%

Mortgage Pass-Throughs


Agency Fixed Rate 30-Year

1.04%

Agency ARMs

0.63%

SUBTOTAL

1.67%

Bank Loans


Industrial


Consumer Non-Cyclical

0.41%

Consumer Cyclical - Automotive

0.31%

Technology

0.21%

Other Industrial

0.20%

Communications - Media

0.16%

Basic

0.10%

Consumer Cyclical - Other

0.08%

Energy

0.01%

SUBTOTAL

1.48%

SUBTOTAL

1.48%

Local Governments - Municipal Bonds

1.32%

Quasi-Sovereigns


Quasi-Sovereign Bonds

1.13%

SUBTOTAL

1.13%

Common Stocks

0.65%

Governments - Sovereign Agencies

0.38%

Emerging Markets - Sovereigns

0.35%

Whole Loan Trusts


Performing Asset

0.35%

SUBTOTAL

0.35%

Interest Rate Swaps - SIFMA

-0.39%

Reverse Repurchase Agreements

-43.95%

Net Cash Equivalents


Cash

2.74%

Investment Companies

2.26%

Governments - Treasuries

0.50%

SUBTOTAL

5.50%

Derivative Offsets


Futures Offsets

55.48%

Swaps Offsets

-3.08%

SUBTOTAL

52.40%


100.00%



Country Breakdown

Portfolio %

United States

88.23%

Brazil

2.14%

Mexico

1.50%

Russia

1.34%

United Kingdom

0.92%

Canada

0.78%

Switzerland

0.47%

Indonesia

0.37%

Malaysia

0.35%

Luxembourg

0.34%

France

0.32%

Germany

0.31%

Hungary

0.28%

Peru

0.27%

India

0.25%

Netherlands

0.24%

Spain

0.21%

El Salvador

0.20%

Venezuela

0.19%

Colombia

0.16%

Portugal

0.14%

Norway

0.14%

South Africa

0.12%

Croatia

0.11%

Chile

0.11%

Belgium

0.10%

Barbados

0.10%

Australia

0.07%

Singapore

0.07%

Guatemala

0.07%

Sri Lanka

0.05%

Jamaica

0.05%

Total Investments

100.00%



Net Currency Exposure Breakdown

Portfolio %

United States Dollar

98.67%

Brazilian Real

1.01%

Malaysian Ringgit

0.50%

New Turkish Lira

0.49%

Indonesian Rupiah

0.26%

Euro

0.04%

Great British Pound

0.01%

Mexican Peso

0.01%

Australian Dollar

-0.99%

Total Net Assets

100.00%



Credit Rating

Portfolio %

AAA

51.55%

AA

0.15%

A

4.09%

BBB

12.62%

BB

10.59%

B

8.76%

CCC

3.32%

CC

0.53%

D

0.22%

Not Rated

1.17%

Short Term Investments

2.76%

N/A

4.24%


100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

-35.82%

1 to 5 years

20.34%

5 to 10 years

51.62%

10 to 20 years

55.65%

20 to 30 years

5.95%

More than 30 years

1.61%

Other

0.65%

Total Net Assets

100.00%



Portfolio Statistics:


Average Coupon:

7.60%

Average Bond Price :

116.76

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

43.89%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

43.89%

Average Maturity:

13.85 Years

Effective Duration:

5.94 Years

Total Net Assets:

$2,019.24 Million

Net Asset Value:

$8.31

Number of Holdings:

420

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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