From the Wires
AllianceBernstein Income Fund Releases Monthly Portfolio Update
Nov. 19, 2008 04:06 PM
NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- AllianceBernstein Income Fund, Inc. (NYSE: ACG) (the "Fund") today released its monthly portfolio update as of October 31, 2008.
AllianceBernstein Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio%
1) U.S. Treasury Bonds 11.25% 2/15/15 9.04%
2) U.S. Treasury Strips Zero Coupon 5/15/17 6.56%
3) U.S. Treasury Notes 4.875% 5/15/09 - 8/15/16 5.88%
4) Federal National Mortgage Association Series
2008 4.50%, 3/01/38 - 4/01/38 5.67%
5) U.S. Treasury Notes 4.00% 6/15/09 - 2/15/15 5.63%
6) Federal National Mortgage Association Series
2008 5.50% 1/01/37 - 10/01/38 5.55%
7) U.S. Treasury Strips Zero Coupon 11/15/21 5.45%
8) U.S. Treasury Bonds 6.625% 2/15/27 3.41%
9) Resolution Funding Corp. Series 1990 Zero
Coupon 10/15/20 2.92%
10) Federal National Mortgage Association.
5.375% 6/12/17 2.91%
Security Type Breakdown
Portfolio%
Governments - Treasuries:
Treasuries 46.77%
Mortgage Pass-Thru's:
Agency Fixed Rate 30-Year 16.76%
Agency ARMS 5.71%
SUBTOTAL 22.47%
Agencies:
Agency Debentures 7.39%
Corporates - Investment Grades:
Financial Institutions:
Banking 1.26%
Finance 0.78%
Brokerage 0.48%
Basic 0.12%
Insurance 0.07%
Other Finance 0.02%
SUBTOTAL 2.73%
Industrial:
Basic 1.00%
Energy 0.37%
Capital Goods 0.35%
Transportation - Airlines 0.17%
Other Industrial 0.16%
Communications - Telecommunications 0.14%
Consumer Cyclical - Retailers 0.13%
Consumer Cyclical - Other 0.04%
Consumer Non-Cyclical 0.03%
Technology 0.02%
Communications - Media 0.01%
SUBTOTAL 2.42%
Non Corporate Sectors:
Foreign Local Government - Municipal 0.09%
Agencies - Not Government Guaranteed 0.04%
SUBTOTAL 0.13%
Industrials:
Basic 0.02%
SUBTOTAL 0.02%
SUBTOTAL 5.30%
Commercial Mortgage-Backed Securities:
Non-Agency Fixed Rate CMBS 3.90%
SUBTOTAL 3.90%
Corporates - Non-Investment Grades:
Industrial:
Communications - Telecommunications 0.66%
Communications - Media 0.47%
Basic 0.38%
Capital Goods 0.27%
Consumer Non-Cyclical 0.15%
Other Industrial 0.12%
Consumer Cyclical - Automotive 0.08%
Services 0.06%
Consumer Cyclical - Other 0.05%
Consumer Cyclical - Retailers 0.02%
Technology 0.01%
SUBTOTAL 2.27%
Financial Institutions:
Finance 0.51%
Insurance 0.14%
Banking 0.05%
Brokerage 0.02%
SUBTOTAL 0.72%
SUBTOTAL 2.99%
Inflation-Linked Securities 2.77%
Bank Loans:
Industrial:
Basic 0.50%
Consumer Non-Cyclical 0.40%
Communications - Telecommunications 0.32%
Communications - Media 0.30%
Technology 0.21%
Consumer Cyclical - Other 0.14%
Energy 0.11%
Services 0.07%
Capital Goods 0.07%
Consumer Cyclical - Automotive 0.06%
Consumer Cyclical - Retailers 0.05%
SUBTOTAL 2.23%
Utility:
Electric 0.26%
Other Utility 0.02%
SUBTOTAL 0.28%
Financial Institutions:
Finance 0.13%
REITS 0.03%
Other Finance 0.03%
Banking 0.01%
SUBTOTAL 0.20%
SUBTOTAL 2.71%
Emerging Markets - Treasuries:
Non Corporate Sectors:
Sovereign 1.64%
SUBTOTAL 1.64%
Emerging Markets - Sovereigns:
Non Corporate Sectors:
Sovereign 1.16%
SUBTOTAL 1.16%
Quasi-Sovereigns:
Quasi-Sovereign Bonds 0.57%
Governments - Sovereign Agencies 0.37%
CMOs:
Non-Agency Floating Rate 0.19%
Agency Fixed Rate 0.01%
SUBTOTAL 0.20%
Governments - Sovereign Bonds 0.16%
Emerging Markets - Corporate Bonds:
Utility:
Electric 0.01%
SUBTOTAL 0.01%
Financial Institutions:
Banking 0.01%
SUBTOTAL 0.01%
Non Corporate Sectors:
Sovereign 0.01%
SUBTOTAL 0.01%
SUBTOTAL 0.03%
Preferred Stocks:
Non Corporate Sectors 0.01%
Short-Term Investments:
Investment Companies 1.56%
Total 100.00%
Country Breakdown
Portfolio%
United States 89.61%
Brazil 1.80%
Mexico 1.61%
Turkey 1.34%
Russia 1.14%
Indonesia 0.65%
Cayman Islands 0.54%
Colombia 0.41%
Kazakhstan 0.36%
Peru 0.34%
Bermuda 0.32%
Luxembourg 0.30%
United Kingdom 0.27%
Venezuela 0.22%
Australia 0.18%
Canada 0.14%
India 0.13%
Netherlands 0.13%
Switzerland 0.11%
Panama 0.10%
Ecuador 0.10%
Hong Kong 0.06%
Austria 0.05%
Argentina 0.04%
Dominican Repb. 0.03%
Uruguay 0.01%
South Africa 0.01%
Total 100.00%
Credit Quality Breakdown
Portfolio%
AAA 80.03%
AA 1.20%
A 4.07%
BBB 4.77%
BB 5.71%
B 1.48%
CCC 1.15%
C 0.03%
A-1+ 1.56%
Total Investments 100.00%
Portfolio Statistics
Percentage of Leverage:
Bank Loans: 14.75%
Investment Operations: 20.70%
Preferred Stock: 0%
Total: 35.45%*
Avg. Maturity: 7.40 Years
Duration:
Corporate 5.43 yrs
Non Dollar Government 4.66 yrs
Emerging Market 4.91 yrs
US Treasury 5.35 yrs
High Yield 1.85 yrs
Total Portfolio: 3.17 Years
Total Net Assets: $1,750.2 Million
Net Asset Value: $7.22
Number of Holdings: 339
* The total percentage of leverage constitutes 14.75% in bank loans
and 20.70% in investment operations, which 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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