-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EvN5RS1a7YmHg7oOIZl7M1wK0itwUURjGOI1hRpPgUjKqr5MLZZiKnwyOeCBae2E pAkbfmxXXR91Qrh2sd6aoQ== 0001193125-09-215825.txt : 20091028 0001193125-09-215825.hdr.sgml : 20091028 20091028120704 ACCESSION NUMBER: 0001193125-09-215825 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090831 FILED AS OF DATE: 20091028 DATE AS OF CHANGE: 20091028 EFFECTIVENESS DATE: 20091028 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALLIANCEBERNSTEIN FOCUSED GROWTH & INCOME FUND INC CENTRAL INDEX KEY: 0001090504 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-09687 FILM NUMBER: 091140984 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129692124 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN DISCIPLINED VALUE FUND INC DATE OF NAME CHANGE: 19990714 0001090504 S000009999 ALLIANCEBERNSTEIN FOCUSED GROWTH & INCOME FUND INC C000027654 Class A ADGAX C000027655 Class B ADGBX C000027656 Class C ADGCX C000027657 Class R ADGRX C000027658 Class K ADGKX C000027659 Class I ADGIX N-Q 1 dnq.htm ALLIANCEBERNSTEIN FOCUSED GROWTH AND INCOME FUND, INC. AllianceBernstein Focused Growth and Income Fund, Inc.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-09687

ALLIANCEBERNSTEIN FOCUSED GROWTH & INCOME FUND, INC.

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: November 30, 2009

Date of reporting period: August 31, 2009

 

 

 

ITEM 1. SCHEDULE OF INVESTMENTS.

AllianceBernstein Focused Growth & Income Fund

Portfolio of Investments

August 31, 2009 (unaudited)

 

Company

    Shares      U.S. $ Value

COMMON STOCKS - 92.2%

        

Health Care - 17.0%

        

Biotechnology - 4.1%

        

Amgen, Inc. (a)

    68,700      $ 4,104,138

Biogen Idec, Inc. (a)

    20,500        1,029,305
           
          5,133,443
           

Health Care Providers & Services - 8.2%

        

AmerisourceBergen Corp.-Class A

    59,300        1,263,683

Humana, Inc. (a)

    25,600        913,920

Medco Health Solutions, Inc. (a)

    68,300        3,771,526

Quest Diagnostics, Inc.

    39,200        2,115,232

UnitedHealth Group, Inc.

    80,030        2,240,840
           
          10,305,201
           

Pharmaceuticals - 4.7%

        

Eli Lilly & Co.

    31,300        1,047,298

Endo Pharmaceuticals Holdings, Inc. (a)

    103,300        2,331,481

Forest Laboratories, Inc. (a)

    84,600        2,476,242
           
          5,855,021
           
          21,293,665
           

Industrials - 16.3%

        

Aerospace & Defense - 12.6%

        

Alliant Techsystems, Inc. (a)

    28,600        2,210,208

Goodrich Corp.

    63,200        3,486,112

ITT Corp.

    22,400        1,121,792

L-3 Communications Holdings, Inc.

    31,900        2,373,360

Raytheon Co.

    117,500        5,543,650

United Technologies Corp.

    17,500        1,038,800
           
          15,773,922
           

Construction & Engineering - 1.6%

        

Fluor Corp.

    18,950        1,002,455

URS Corp. (a)

    23,030        995,587
           
          1,998,042
           

Machinery - 1.5%

        

Flowserve Corp.

    11,200        966,000

Joy Global, Inc.

    24,060        934,731
           
          1,900,731
           

Trading Companies & Distributors - 0.6%

        

WESCO International, Inc. (a)

    32,710        786,021
           
          20,458,716
           

Consumer Staples - 12.9%

        

Beverages - 0.4%

        

Dr Pepper Snapple Group, Inc. (a)

    21,000        555,240
           

Food & Staples Retailing - 2.1%

        

Safeway, Inc.

    43,000      819,150

Wal-Mart Stores, Inc.

    35,600      1,810,972
         
        2,630,122
         

Food Products - 2.9%

        

Archer-Daniels-Midland Co.

    85,800      2,473,614

ConAgra Foods, Inc.

    57,545      1,181,399
         
        3,655,013
         

Tobacco - 7.5%

        

Altria Group, Inc.

    122,500      2,239,300

Lorillard, Inc.

    51,490      3,746,927

Philip Morris International, Inc.

    74,100      3,387,111
         
        9,373,338
         
        16,213,713
         

Information Technology - 12.0%

        

Communications Equipment - 0.7%

        

F5 Networks, Inc. (a)

    24,270      837,072
         

Computers & Peripherals - 0.7%

        

NetApp, Inc. (a)

    39,960      909,090
         

Internet Software & Services - 1.7%

        

Ebay, Inc. (a)

    53,000      1,173,420

VeriSign, Inc. (a)

    44,600      945,074
         
        2,118,494
         

IT Services - 6.4%

        

Accenture Ltd.-Class A

    64,370      2,124,210

Hewitt Associates, Inc.-Class A (a)

    30,900      1,113,018

SAIC, Inc. (a)

    258,200      4,774,118
         
        8,011,346
         

Software - 2.5%

        

Oracle Corp.

    46,600      1,019,142

Symantec Corp. (a)

    138,200      2,089,584
         
        3,108,726
         
        14,984,728
         

Energy - 10.6%

        

Energy Equipment & Services - 2.6%

        

Cameron International Corp. (a)

    32,920      1,175,573

Noble Corp.

    59,400      2,080,782
         
        3,256,355
         

Oil, Gas & Consumable Fuels - 8.0%

        

Exxon Mobil Corp.

    33,200      2,295,780

Occidental Petroleum Corp.

    73,605      5,380,526

Total SA (Sponsored ADR)

    41,900      2,399,613
         
        10,075,919
         
        13,332,274
         

Consumer Discretionary - 10.2%

        

Auto Components - 0.7%

        

WABCO Holdings, Inc.

    46,140      879,890
         

Diversified Consumer Services - 1.6%

        

Apollo Group, Inc.-Class A (a)

    31,700      2,054,794
         

Media - 2.5%

        

Comcast Corp.-Class A

    204,100      3,126,812
         

Specialty Retail - 4.5%

        

Advance Auto Parts, Inc.

    55,400        2,343,420   

RadioShack Corp.

    61,700        933,521   

Ross Stores, Inc.

    50,400        2,350,656   
             
          5,627,597   
             

Textiles, Apparel & Luxury Goods - 0.9%

        

Carter’s, Inc. (a)

    45,700        1,149,812   
             
          12,838,905   
             

Financials - 8.9%

        

Insurance - 8.9%

        

ACE Ltd.

    71,000        3,704,780   

Arch Capital Group Ltd. (a)

    37,000        2,403,890   

Axis Capital Holdings Ltd.

    164,600        5,017,008   
             
          11,125,678   
             

Telecommunication Services - 2.7%

        

Diversified Telecommunication Services - 2.7%

        

CenturyTel, Inc.

    38,300        1,234,409   

Qwest Communications International, Inc.

    586,410        2,105,212   
             
          3,339,621   
             

Materials - 0.8%

        

Chemicals - 0.8%

        

CF Industries Holdings, Inc.

    12,565        1,026,058   
             

Utilities - 0.8%

        

Multi-Utilities - 0.8%

        

Public Service Enterprise Group, Inc.

    31,960        1,012,173   
             

Total Common Stocks
(cost $106,739,419)

           115,625,531   
             

SHORT-TERM INVESTMENTS - 9.4%

        

Investment Companies - 9.4%

        

AllianceBernstein Fixed-Income Shares,
Inc. - Government STIF Portfolio (b)
(cost $11,802,558)

    11,802,558        11,802,558   
             

Total Investments - 101.6%
(cost $118,541,977) (c)

           127,428,089   

Other assets less liabilities - (1.6)%

           (1,969,273 ) 
             

Net Assets - 100.0%

         $ 125,458,816   
             

 

(a) Non-income producing security.
(b) Investment in affiliated money market mutual fund.
(c) As of August 31, 2009, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $12,380,110 and gross unrealized depreciation of investments was $(3,483,998), resulting in net unrealized appreciation of $8,886,112.

Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the Broad Market.

Glossary:

 

ADR -  American Depositary Receipt

FINANCIAL ACCOUNTING STANDARDS NO. 157

August 31, 2009 (unaudited)

The Fund adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (“FAS 157”), effective December 1, 2007. In accordance with FAS 157, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. FAS 157 also establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability. Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

 

  •  

Level 1—quoted prices in active markets for identical investments

  •  

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

  •  

Level 3—significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of August 31, 2009:

 

Investments in Securities

    Level 1    Level 2    Level 3    Total

Common Stocks

    $ 115,625,531    $ —      $ —      $ 115,625,531

Short-Term Investments

      11,802,558      —        —        11,802,558
                           

Total Investments in Securities

      127,428,089      —        —        127,428,089

Other Financial Instruments*

      —        —        —        —  
                           

Total

    $     127,428,089    $             —      $                 —      $     127,428,089
                           

 

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no significant changes in the registrant’s internal control over financial reporting that could significantly affect these controls subsequent to the date of their evaluation, including any corrective actions with regard to significant deficiencies and material weaknesses.

 

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

 

EXHIBIT NO.

     

DESCRIPTION OF EXHIBIT

11 (a) (1)      Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
11 (a) (2)      Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): AllianceBernstein Focused Growth & Income Fund, Inc.

By:   /s/    Robert M. Keith
 

Robert M. Keith

President

Date:   October 24, 2009

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/    Robert M. Keith
  Robert M. Keith
  President
Date:   October 24, 2009
By:   /s/    Joseph J. Mantineo
  Joseph J. Mantineo
  Treasurer and Chief Financial Officer
Date:   October 24, 2009
 EX-99.CERT 2 dex99cert.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Robert M. Keith, certify that:

1. I have reviewed this report on Form N-Q of AllianceBernstein Focused Growth & Income Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

/s/    Robert M. Keith
Robert M. Keith
President

Date: October 24, 2009

CERTIFICATIONS

I, Joseph J. Mantineo, certify that:

1. I have reviewed this report on Form N-Q of AllianceBernstein Focused Growth & Income Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

/s/    Joseph J. Mantineo
Joseph J. Mantineo
Treasurer and Chief Financial Officer

Date: October 24, 2009

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