AllianceBernstein Income Fund Releases Monthly Portfolio Update
NEW YORK, March 26 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of February 28, 2010.
AllianceBernstein Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1)U.S. Treasury Notes 1.375%, 9/15/12 - 8.54%
10/15/12
2)U.S. Treasury Bonds 8.125%, 8/15/19 7.38%
3)U.S. Treasury STRIPS Zero Coupon, 5/15/17 6.75%
4)U.S. Treasury Notes 1.75%, 8/15/12 6.69%
5)U.S. Treasury Notes 4.50%, 11/15/15 - 5.39%
2/15/16
6)U.S. Treasury Notes 4.25%, 8/15/15 5.29%
7)U.S. Treasury Notes 3.875%, 2/15/13 4.76%
8)U.S. Treasury Notes 2.625%, 12/31/14 - 4.60%
2/29/16
9)U.S. Treasury STRIPS Zero Coupon, 11/15/21 3.30%
10)U.S. Treasury Bonds 6.625%, 2/15/27 3.10%
Security Type Breakdown
Portfolio %
Governments - Treasuries:
Treasuries 59.93%
Mortgage Pass-Thru's:
Agency ARMS 4.21%
Agency Fixed Rate 30-Year 3.94%
SUBTOTAL 8.15%
Corporates - Investment Grades:
Industrial:
Basic 1.12%
Energy 0.39%
Transportation - Airlines 0.32%
Capital Goods 0.22%
Consumer Cyclical - Automotive 0.22%
Other Industrial 0.21%
Communications - Media 0.19%
Technology 0.08%
Communications - Telecommunications 0.07%
Consumer Non-Cyclical 0.06%
SUBTOTAL 2.88%
Financial Institutions:
Banking 2.11%
Finance 0.46%
Insurance 0.25%
Other Finance 0.02%
SUBTOTAL 2.84%
Non Corporate Sectors:
Agencies - Not Government Guaranteed 1.48%
SUBTOTAL 1.48%
Utility:
Electric 0.02%
SUBTOTAL 0.02%
SUBTOTAL 7.22%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 6.41%
SUBTOTAL 6.41%
Corporates - Non-Investment Grades:
Industrial:
Basic 0.76%
Capital Goods 0.43%
Communications - Media 0.27%
Communications - Telecommunications 0.27%
Consumer Cyclical - Retailers 0.23%
Consumer Non-Cyclical 0.17%
Consumer Cyclical - Other 0.11%
Consumer Cyclical - Automotive 0.08%
Other Industrial 0.07%
Transportation - Services 0.05%
Technology 0.01%
Services 0.01%
SUBTOTAL 2.46%
Financial Institutions:
Banking 0.50%
Finance 0.35%
Insurance 0.16%
Brokerage 0.03%
SUBTOTAL 1.04%
SUBTOTAL 3.50%
Inflation-Linked Securities 2.87%
Agencies:
Agency Debentures 2.20%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 2.06%
Bank Loans:
Industrial:
Communications - Media 0.25%
Technology 0.23%
Consumer Non-Cyclical 0.20%
Basic 0.17%
Services 0.15%
Consumer Cyclical - Other 0.13%
Consumer Cyclical - Retailers 0.09%
Energy 0.09%
Communications - Telecommunications 0.07%
Consumer Cyclical - Entertainment 0.07%
Capital Goods 0.06%
Transportation - Airlines 0.03%
Consumer Cyclical - Automotive 0.03%
Other Industrial 0.01%
SUBTOTAL 1.58%
Financial Institutions:
Finance 0.20%
Other Finance 0.03%
REITS 0.01%
Insurance 0.01%
SUBTOTAL 0.25%
Utility:
Electric 0.12%
SUBTOTAL 0.12%
SUBTOTAL 1.95%
Emerging Markets - Sovereigns 1.07%
Emerging Markets - Treasuries 0.98%
Asset-Backed Securities:
Credit Cards - Floating Rate 0.67%
Autos - Floating Rate 0.26%
SUBTOTAL 0.93%
Emerging Markets - Corporate Bonds:
Financial Institutions:
Banking 0.19%
Other Finance 0.01%
SUBTOTAL 0.20%
Industrial:
Energy 0.10%
Basic 0.02%
Consumer Non-Cyclical 0.01%
SUBTOTAL 0.13%
SUBTOTAL 0.33%
Governments - Sovereign Bonds 0.32%
CMOs:
Non-Agency ARMS 0.09%
Agency Fixed Rate 0.01%
SUBTOTAL 0.10%
Preferred Stocks:
Financial Institutions 0.06%
Non Corporate Sectors 0.01%
SUBTOTAL 0.07%
Equities:
Common Stock 0.02%
Warrants 0.01%
SUBTOTAL 0.03%
Local Governments - Regional Bonds 0.01%
Short-Term Investments:
Investment Companies 1.87%
Total 100.00%
Country Breakdown
Portfolio %
United States 87.88%
Russia 3.93%
Brazil 2.06%
Colombia 0.80%
Indonesia 0.77%
Germany 0.75%
Kazakhstan 0.59%
United Kingdom 0.36%
Argentina 0.30%
Turkey 0.29%
India 0.25%
El Salvador 0.21%
Hong Kong 0.21%
Netherlands 0.19%
Peru 0.19%
Lithuania 0.18%
Australia 0.17%
Canada 0.16%
Sweden 0.15%
Croatia 0.14%
Switzerland 0.14%
Bermuda 0.12%
France 0.11%
Belgium 0.04%
South Africa 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 79.46%
AA 0.27%
A 1.88%
BBB 8.88%
BB 4.20%
B 2.13%
CCC 1.16%
CC 0.04%
C 0.08%
D 0.03%
A-1+ 1.87%
Total Investments 100.00%
Portfolio Statistics:
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 28.70%*
Preferred Stock: 0.00%
Tender Option Bonds: 0.00%
Term Asset-Backed Loans
Facility (TALF): 2.82%
Total: 31.52%, as of 02/28/2010
Avg. Maturity: 8.80 Years
Effective Duration:
Corporate 4.72 yrs
Non Dollar Government 6.38 yrs
Emerging Market 5.67 yrs
US Treasury 2.94 yrs
High Yield 2.40 yrs
Total Portfolio: 4.89 Years, as of 02/28/2010
Total Net Assets: $2,065.4 Million
Net Asset Value: $8.50
Number of Holdings: 304
* 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.
SOURCE AllianceBernstein Income Fund, Inc.
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