Market Overview

AllianceBernstein Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein Income Fund, Inc.[NYSE: ACG] (the "Fund") today released its monthly portfolio update as of November 30, 2012.

AllianceBernstein Income Fund, Inc.




Top 10 Fixed Income Holdings

Portfolio %



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

15.41%

     2) U.S. Treasury Notes 1.375%, 9/30/18                   

11.07%

     3) U.S. Treasury Bonds 8.75%, 8/15/20                      

6.52%

     4) U.S. Treasury STRIPS  Zero Coupon, 5/15/17            

5.74%

     5) U.S. Treasury Bonds 7.625%, 2/15/25              

4.20%

     6) U.S. Treasury Bonds 8.00%, 11/15/21                

3.54%

     7) Federal National Mortgage Association 3.50%,      

3.32%

     TBA


     8) U.S. Treasury Notes 1.625%, 8/15/22                     

2.97%

     9) U.S. Treasury Notes 1.50%, 8/31/18                      

2.86%

     10) U.S. Treasury Notes 2.75%, 2/15/19                      

2.26%



Fixed Income Holdings by Security Type

Portfolio %



     Governments - Treasuries


          Treasuries                               

59.00%

     SUBTOTAL                               

59.00%

     Corporates - Non-Investment Grades


          Industrial


               Communications - Media              

1.47%

               Capital Goods                               

1.34%

               Consumer Non-Cyclical                   

1.27%

               Energy                                            

0.98%

               Basic                                            

0.89%

               Consumer Cyclical - Other                

0.60%

               Consumer Cyclical - Retailers             

0.56%

               Technology                                       

0.52%

               Consumer Cyclical - Automotive           

0.36%

               Communications - Telecommunications  

0.34%

               Services                                     

0.19%

               Transportation - Airlines                 

0.09%

               Consumer Cyclical - Restaurants     

0.07%

               Other Industrial                                

0.07%

               Consumer Cyclical - Entertainment              

0.03%

          SUBTOTAL                                         

8.78%

     Utility


               Electric                       

0.91%

               Natural Gas                   

0.18%

          SUBTOTAL                     

1.09%

          Financial Institutions


               Other Finance         

0.28%

               Banking                   

0.21%

               Finance                     

0.13%

               Brokerage                    

0.09%

               REITS                           

0.09%

          SUBTOTAL                     

0.80%

     SUBTOTAL                       

10.67%

     Corporates - Investment Grades


          Industrial


               Communications - Telecommunications             

1.15%

               Energy                                      

0.65%

               Capital Goods                              

0.58%

               Basic                                            

0.36%

               Consumer Non-Cyclical                    

0.35%

               Communications - Media                    

0.31%

               Technology                                        

0.25%

               Consumer Cyclical - Retailers               

0.18%

               Consumer Cyclical - Entertainment         

0.11%

               Consumer Cyclical - Automotive               

0.10%

               Consumer Cyclical - Other                         

0.07%

               Other Industrial                      

0.07%

               Transportation - Airlines               

0.05%

               Transportation - Services               

0.03%

          SUBTOTAL                                    

4.26%

     Financial Institutions


               Banking                

1.78%

               Insurance                

1.41%

               REITS                       

0.41%

               Finance                       

0.23%

               Brokerage                      

0.15%

               Other Finance                  

0.01%

               SUBTOTAL                        

3.99%

               Non Corporate Sectors


               Agencies - Not Government Guaranteed      

1.01%

          SUBTOTAL                     

1.01%

          Utility


               Electric                             

0.36%

               Natural Gas                         

0.03%

          SUBTOTAL                           

0.39%

     SUBTOTAL                             

9.65%

     Mortgage Pass-Throughs


          Agency Fixed Rate 30-Year        

5.67%

          Agency ARMs                             

0.43%

     SUBTOTAL                                   

6.10%







     Agencies


               Agency Debentures                      

2.35%

               Agency Subordinated                     

2.16%

          SUBTOTAL                                     

4.51%

     Quasi-Sovereigns


               Quasi-Sovereign Bonds                    

2.81%

          SUBTOTAL                                       

2.81%

     Emerging Markets - Corporate Bonds


          Industrial


               Consumer Cyclical - Other                   

0.34%

               Communications - Telecommunications  

0.28%

               Basic                                      

0.26%

               Communications - Media            

0.19%

               Energy                                        

0.15%

               Consumer Non-Cyclical                  

0.13%

               Other Industrial                                

0.11%

               Capital Goods                   

0.03%

               Transportation - Airlines       

0.03%

          SUBTOTAL                          

1.52%

     Utility


               Natural Gas                     

0.06%

          SUBTOTAL                       

0.06%

     Financial Institutions


               Other Finance                     

0.01%

          SUBTOTAL                           

0.01%

     SUBTOTAL                             

1.59%

     Bank Loans


          Industrial


               Consumer Non-Cyclical              

0.27%

               Consumer Cyclical - Automotive    

0.18%

               Basic                                            

0.16%

               Consumer Cyclical - Other                

0.13%

               Communications - Media                    

0.10%

               Consumer Cyclical - Retailers               

0.10%

               Capital Goods                                    

0.09%

               Technology                        

0.09%

               Other Industrial                    

0.07%

               Services                      

0.03%

               Energy                          

0.01%

          SUBTOTAL                     

1.23%

     Financial Institutions


               REITS                              

0.11%

          SUBTOTAL                        

0.11%

     Utility


               Other Utility                         

0.05%

          SUBTOTAL                           

0.05%

     SUBTOTAL                             

1.39%

     Emerging Markets - Sovereigns  

0.89%

     Local Governments - Municipal Bonds      

0.73%

     Commercial Mortgage-Backed Securities


          Non-Agency Fixed Rate CMBS               

0.71%







          SUBTOTAL                                      

0.71%

     Governments - Sovereign Bonds          

0.56%

     Preferred Stocks


               Financial Institutions                            

0.45%

               Non Corporate Sectors                           

0.01%

          SUBTOTAL                                             

0.46%

     Collateralized Mortgage Obligations


               Non-Agency Floating Rate                          

0.13%

               Non-Agency Fixed Rate                               

0.11%

     SUBTOTAL                                       

0.24%

     Governments - Sovereign Agencies       

0.23%

     Common Stocks                                   

0.03%

     Short-Term Investments


               Investment Companies                            

0.43%

     Total Fixed Income                                   

100.00%



Country Breakdown

Portfolio %



United States                          

87.88%

Russia                                      

2.21%

Brazil              

2.04%

Kazakhstan       

0.79%

Mexico                

0.68%

United Kingdom     

0.64%

Canada                   

0.59%

Argentina                  

0.41%

India                        

0.35%

Netherlands               

0.33%

Germany                     

0.33%

Luxembourg                  

0.33%

Indonesia                        

0.32%

Croatia                             

0.30%

Peru                                  

0.30%

Switzerland                          

0.23%

United Arab Emirates              

0.22%

France                                     

0.21%

El Salvador                                 

0.21%

Colombia                                      

0.21%

Romania                                         

0.19%

Venezuela                                        

0.19%

Hungary                                             

0.17%

Spain                                                   

0.15%

Barbados        

0.13%

Portugal            

0.12%

Norway               

0.12%

Belarus                 

0.11%

Australia                 

0.09%

China                       

0.08%

Hong Kong                 

0.07%

Total Investments          

100.00%







Net Currency Exposure Breakdown 

Portfolio %



     United States Dollar                          

104.17%

     Mexican Peso                                    

2.02%

     South Korean Won                               

0.50%

     Russian Rubles                                      

0.39%

     Great British Pound                                  

0.03%

     Brazilian Real                                            

0.03%

     Canadian Dollar           

-0.99%

     Euro                             

-2.30%

     Japanese Yen                 

-3.85%

     Total Investments              

100.00%



Credit Quality Breakdown

Portfolio %



     AAA                                 

69.48%

     AA                                     

0.59%

     A                                         

3.92%

     BBB                                      

11.39%

     BB                                          

8.80%

     B                

4.51%

     CCC             

0.37%

     CC                 

0.05%

     D                         

0.06%

     Not Rated               

0.40%

     Short Term Investments     

0.43%

     Total Investments               

100.00%



Portfolio Statistics:




     Average Coupon:                  

6.76%

     Average Bond Price :              

                         N/A

     Percentage of Leverage:


          Bank Borrowing:                       

0.00%

          Investment Operations:               

               45.60%*

          Preferred Stock:                           

0.00%

          Tender Option Bonds:                     

0.00%

          Term Asset-Backed Loans Facility (TALF):

0.00%

          Total Fund Leverage:           

45.60%

     Average Maturity:                  

                11.67 Years

     Effective Duration:                   

              7.16 Years

     Total Net Assets:                      

      $2,300.27 Million

     Net Asset Value:                        

$9.47

     Number of Holdings:                     

387

     Portfolio Turnover:                          

67%



* 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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