AB Income Fund Releases Monthly Portfolio Update

AB Income Fund, Inc.

Top 10 Fixed Income Holdings

Portfolio %

1) U.S. Treasury Bonds 6.25%, 5/15/30

19.48%

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

19.30%

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

19.24%

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

15.68%

5) U.S. Treasury Notes 2.125%, 8/31/20 - 9/30/21

11.29%

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

6.09%

7) U.S. Treasury Bonds 3.125%, 8/15/44

4.98%

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

3.08%

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

2.31%

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

2.17%

Investment Type

Portfolio %

Global Governments

108.78%

Corporates - Non-Investment Grade

Industrial

Energy

1.76%

Communications - Media

1.59%

Consumer Non-Cyclical

1.51%

Communications - Telecommunications

0.93%

Consumer Cyclical - Other

0.63%

Basic

0.59%

Capital Goods

0.53%

Consumer Cyclical - Retailers

0.38%

Consumer Cyclical - Automotive

0.36%

Technology

0.33%

Transportation - Services

0.24%

Other Industrial

0.20%

SUBTOTAL

9.05%

Credit Default Swaps

2.04%

SUBTOTAL

2.04%

Financial Institutions

Banking

1.20%

Other Finance

0.18%

Finance

0.06%

REITS

0.06%

SUBTOTAL

1.50%

Utility

Electric

0.46%

SUBTOTAL

0.46%

SUBTOTAL

13.05%

Collateralized Mortgage Obligations

GSE Risk Share Floating Rate

3.50%

Non-Agency Fixed Rate

1.62%

Non-Agency Floating Rate

0.39%

Agency Fixed Rate

0.08%

SUBTOTAL

5.59%

Commercial Mortgage-Backed Securities

Non-Agency Fixed Rate CMBS

3.23%

Credit Default Swaps

1.15%

Non-Agency Floating Rate CMBS

0.24%

SUBTOTAL

4.62%

Agencies

Agency Debentures

4.31%

SUBTOTAL

4.31%

Corporates - Investment Grade

Industrial

Communications - Telecommunications

0.68%

Consumer Non-Cyclical

0.30%

Energy

0.27%

Basic

0.19%

Technology

0.18%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.08%

Capital Goods

0.07%

SUBTOTAL

1.91%

Financial Institutions

Insurance

1.30%

Banking

0.47%

SUBTOTAL

1.77%

Utility

Electric

0.21%

SUBTOTAL

0.21%

Credit Default Swaps

0.08%

SUBTOTAL

0.08%

SUBTOTAL

3.97%

Whole Loan Trusts

Performing Asset

1.51%

SUBTOTAL

1.51%

Emerging Markets - Corporate Bonds

Industrial

Consumer Non-Cyclical

0.42%

Capital Goods

0.42%

Communications - Telecommunications

0.20%

Basic

0.15%

Consumer Cyclical - Retailers

0.14%

Transportation - Airlines

0.12%

SUBTOTAL

1.45%

SUBTOTAL

1.45%

Common Stocks

1.34%

Emerging Markets - Sovereigns

Emerging Markets - Sovereigns

0.67%

Credit Default Swaps

0.45%

SUBTOTAL

1.12%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.92%

SUBTOTAL

0.92%

Preferred Stocks

Financial Institutions

0.45%

Industrial

0.21%

SUBTOTAL

0.66%

Local Governments - Municipal Bonds

0.40%

Emerging Markets - Treasuries

0.35%

Asset-Backed Securities

Autos - Fixed Rate

0.19%

Other ABS - Fixed Rate

0.10%

SUBTOTAL

0.29%

Governments - Sovereign Agencies

0.22%

Bank Loans

Industrial

Basic

0.10%

Other Industrial

0.05%

Technology

0.01%

SUBTOTAL

0.16%

SUBTOTAL

0.16%

Investment Companies

Funds and Investment Trusts

0.06%

SUBTOTAL

0.06%

Currency Instruments

Forward Currency Exchange Contracts

-0.09%

SUBTOTAL

-0.09%

Interest Rate Swaps

-31.93%

Interest Rate Futures

-46.66%

Reverse Repurchase Agreements

-55.62%

Net Cash Equivalents

Investment Companies

8.44%

Cash

1.44%

SUBTOTAL

9.88%

Derivative Offsets

Futures Offsets

46.69%

Swaps Offsets

28.93%

SUBTOTAL

75.62%

Total

100.00%

Country Breakdown

Portfolio %

United States

93.85%

Brazil

0.99%

Canada

0.86%

Bermuda

0.79%

Mexico

0.70%

Indonesia

0.30%

Luxembourg

0.28%

Germany

0.26%

United Kingdom

0.25%

Switzerland

0.23%

France

0.22%

Spain

0.17%

Barbados

0.15%

India

0.11%

Italy

0.10%

Kenya

0.10%

Angola

0.09%

Ivory Coast

0.08%

Dominican Republic

0.08%

Guatemala

0.07%

Jamaica

0.06%

Netherlands

0.06%

Ghana

0.05%

Zambia

0.04%

South Africa

0.04%

Australia

0.03%

Sweden

0.02%

Norway

0.01%

Peru

0.01%

Total

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

103.71%

Norwegian Krone

0.99%

Mexican Peso

0.52%

Russian Rubles

0.51%

New Turkish Lira

0.50%

Argentine Peso

0.41%

New Zealand Dollar

0.05%

Japanese Yen

0.05%

Brazilian Real

0.04%

Australian Dollar

-0.02%

Great British Pound

-0.06%

Euro

-0.49%

Singapore Dollar

-1.56%

Canadian Dollar

-1.61%

Taiwan New Dollar

-3.04%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

58.94%

AA

0.07%

A

1.33%

BBB

7.27%

BB

7.01%

B

5.46%

CCC

1.84%

CC

0.26%

C

0.02%

D

0.38%

Not Rated

5.40%

Short Term Investments

8.44%

N/A

3.58%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

-44.05%

1 to 5 years

46.89%

5 to 10 years

28.32%

10 to 20 years

58.58%

20 to 30 years

8.08%

More than 30 years

0.84%

Other

1.34%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.13%

Average Bond Price :

120.32

Percentage of Leverage (based on Gross Assets):

Bank Borrowing:

0.00%

Investment Operations:

39.91%*

Preferred Stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

39.91%

Average Maturity:

13.66 Years

Effective Duration:

5.08 Years

Total Net Assets:

$1,700.28 Million

Net Asset Value:

$7.88

Number of Holdings:

442

Portfolio Turnover:

34%

* 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.