AllianceBernstein Income Fund Releases Monthly Portfolio Update

Top 10 Fixed Income Holdings

Portfolio %

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

21.73%

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

17.73%

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

15.90%

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

12.51%

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

4.96%

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

3.43%

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

3.42%

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

3.31%

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

1.79%

Investment Type

Portfolio %

Global Governments

45.61%

Corporates - Non-Investment Grades

Industrial

Communications - Media

2.33%

Energy

1.87%

Consumer Non-Cyclical

1.45%

Capital Goods

1.33%

Communications - Telecommunications

1.03%

Technology

0.94%

Basic

0.87%

Consumer Cyclical - Retailers

0.70%

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

11.81%

Credit Default Swaps

3.44%

Financial Institutions

Banking

1.10%

Finance

0.44%

REITS

0.15%

Insurance

0.13%

Other Finance

0.11%

SUBTOTAL

1.93%

Utility

Electric

0.59%

Natural Gas

0.40%

SUBTOTAL

0.99%

SUBTOTAL

18.17%

Corporates - Investment Grades

Industrial

Communications - Telecommunications

1.68%

Basic

0.91%

Capital Goods

0.83%

Energy

0.67%

Consumer Non-Cyclical

0.54%

Consumer Cyclical - Retailers

0.28%

Technology

0.26%

Communications - Media

0.23%

Consumer Cyclical - Entertainment

0.17%

Consumer Cyclical - Other

0.11%

Transportation - Airlines

0.08%

Transportation - Services

0.06%

Consumer Cyclical - Automotive

0.04%

SUBTOTAL

5.86%

Financial Institutions

Banking

1.38%

Insurance

1.27%

REITS

0.39%

Finance

0.16%

SUBTOTAL

3.20%

Non Corporate Sectors

Agencies - Not Government Guaranteed

0.31%

SUBTOTAL

0.31%

Utility

Electric

0.29%

SUBTOTAL

0.29%

SUBTOTAL

9.66%

Agencies

Agency Debentures

3.33%

Agency Subordinated

3.31%

SUBTOTAL

6.64%

Collateralized Mortgage Obligations

Non-Agency Floating Rate

2.29%

Non-Agency Fixed Rate

1.94%

GSE Risk Share Floating Rate

0.25%

SUBTOTAL

4.48%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

2.97%

Credit Default Swaps

0.19%

Non-Agency Floating Rate CMBS

0.16%

SUBTOTAL

3.32%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.74%

Communications - Telecommunications

0.41%

Capital Goods

0.35%

Energy

0.23%

Consumer Cyclical - Retailers

0.21%

Transportation - Airlines

0.19%

Basic

0.17%

SUBTOTAL

2.30%

SUBTOTAL

2.30%

Preferred Stocks

Financial Institutions

1.76%

Industrial

0.17%

SUBTOTAL

1.93%

Mortgage Pass-Throughs

Agency Fixed Rate 30-Year

1.01%

Agency ARMs

0.62%

SUBTOTAL

1.63%

Local Governments - Municipal Bonds

1.33%

Bank Loans

Industrial

Consumer Non-Cyclical

0.42%

Consumer Cyclical - Automotive

0.31%

Other Industrial

0.19%

Technology

0.11%

Basic

0.10%

Communications - Media

0.09%

Consumer Cyclical - Other

0.08%

Energy

0.01%

SUBTOTAL

1.31%

SUBTOTAL

1.31%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.19%

SUBTOTAL

1.19%

Common Stocks

0.65%

Whole Loan Trusts

Performing Asset

0.50%

SUBTOTAL

0.50%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

0.62%

Credit Default Swaps

-0.31%

SUBTOTAL

0.31%

Governments - Sovereign Agencies

0.20%

Currency Instruments

Forward Currency Exchange Contracts

-0.12%

SUBTOTAL

-0.12%

Interest Rate Swaps - SIFMA

-2.36%

Reverse Repurchase Agreements

-48.11%

Net Cash Equivalents

Investment Companies

3.06%

Cash

1.82%

Governments - Treasuries

1.00%

SUBTOTAL

5.88%

Derivative Offsets

Futures Offsets

46.35%

Swaps Offsets

-0.87%

SUBTOTAL

45.48%

100.00%

Country Breakdown

Portfolio %

United States

88.83%

Brazil

1.99%

Mexico

1.47%

United Kingdom

0.89%

Canada

0.81%

Malaysia

0.68%

Switzerland

0.46%

France

0.44%

Hungary

0.42%

Luxembourg

0.37%

Indonesia

0.36%

Germany

0.30%

Peru

0.26%

India

0.24%

El Salvador

0.21%

Spain

0.21%

Venezuela

0.20%

Netherlands

0.18%

Colombia

0.16%

Russia

0.16%

Japan

0.16%

Norway

0.14%

Portugal

0.14%

Chile

0.11%

South Africa

0.11%

Barbados

0.09%

Guatemala

0.07%

Singapore

0.07%

Australia

0.07%

Belgium

0.06%

Dominican Republic

0.06%

Pakistan

0.06%

Zambia

0.05%

Jamaica

0.05%

Sri Lanka

0.04%

Morocco

0.04%

Turkey

0.04%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

101.90%

Malaysian Ringgit

1.00%

Peruvian Nuevo Sol

0.99%

Euro

0.05%

Great British Pound

0.02%

Mexican Peso

0.01%

Polish Zloty

-1.98%

Japanese Yen

-1.99%

Total Nets Assets

100.00%

Credit Rating

Portfolio %

AAA

51.02%

AA

0.16%

A

3.04%

BBB

13.05%

BB

10.76%

B

8.79%

CCC

3.08%

CC

0.51%

D

0.22%

Not Rated

1.92%

Short Term Investments

4.07%

N/A

3.38%

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-40.27%

1 to 5 years

18.37%

5 to 10 years

57.39%

10 to 20 years

56.10%

20 to 30 years

6.43%

More than 30 years

1.33%

Other

0.65%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.47%

Average Bond Price :

116.28

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

47.69%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

47.69%

Average Maturity:

13.94 Years

Effective Duration:

6.24 Years

Total Net Assets:

$2,027.94 Million

Net Asset Value:

$8.35

Number of Holdings:

427

Portfolio Turnover:

107%