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: 811-07964
ACM MANAGED DOLLAR 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)
Mark R. Manley
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: September 30, 2006
Date of reporting period: June 30, 2006
ITEM 1. SCHEDULE OF INVESTMENTS.
2
PORTFOLIO OF INVESTMENTS
June 30, 2006 (unaudited) ACM Managed Dollar Income Fund
--------------------------------------------------------------------------------
Principal
Amount
(000) U.S. $ Value
--------- ------------
SOVEREIGN DEBT OBLIGATIONS-49.9%
Argentina-3.3%
Republic of Argentina
7.00%, 3/28/11 ................................... $ 215 $ 199,508
8.28%, 12/31/33 .................................. 756 676,130
Republic of Argentina FRN
4.889%, 8/03/12(a) ............................... 5,188 4,794,485
-----------
5,670,123
-----------
Brazil-7.4%
Republic of Brazil
7.125%, 1/20/37(b) ............................... 3,776 3,479,584
8.00%, 1/15/18 ................................... 2,099 2,177,712
8.25%, 1/20/34 ................................... 4,247 4,423,250
8.875%, 10/14/19 ................................. 2,329 2,561,900
-----------
12,642,446
-----------
Bulgaria-0.2%
Republic of Bulgaria
8.25%, 1/15/15(c) ................................ 355 399,907
-----------
Colombia-1.4%
Republic of Colombia
10.75%, 1/15/13 .................................. 237 278,238
11.75%, 2/25/20(b) ............................... 1,547 2,022,702
-----------
2,300,940
-----------
Costa Rica-0.2%
Republic of Costa Rica
8.05%, 1/31/13(c) ................................ 157 164,850
8.11%, 2/01/12(c) ................................ 212 222,600
-----------
387,450
-----------
Dominican Republic-0.1%
Dominican Republic
9.50%, 9/27/11(c) ................................ 190 203,381
-----------
Ecuador-1.7%
Republic of Ecuador
9.00%, 8/15/30(a)(c) ............................. 2,683 2,595,802
9.375%, 12/15/15(c) .............................. 201 197,483
-----------
2,793,285
-----------
El Salvador-0.6%
Republic of El Salvador
7.625%, 9/21/34(c) ............................... 150 155,250
7.65%, 6/15/35(c) ................................ 441 422,257
8.50%, 7/25/11(c) ................................ 400 433,000
-----------
1,010,507
-----------
Indonesia-1.0%
Republic of Indonesia
6.75%, 3/10/14(c) ................................ 945 921,375
6.875%, 3/09/17(c) ............................... 378 361,935
7.25%, 4/20/15(c) ................................ 376 372,804
-----------
1,656,114
-----------
Principal
Amount
(000) U.S. $ Value
--------- ------------
Jamaica-0.2%
Government of Jamaica
10.625%, 6/20/17 ................................. $ 270 $ 293,625
-----------
Lebanon-0.7%
Lebanese Republic
7.875%, 5/20/11(c) ............................... 325 331,500
10.125%, 8/06/08(c) .............................. 556 589,360
11.625%, 5/11/16(c) .............................. 146 183,084
-----------
1,103,944
-----------
Mexico-7.4%
United Mexican States
8.00%, 9/24/22(b) ................................ 4,472 4,986,280
8.125%, 12/30/19(b) .............................. 5,135 5,789,712
11.375%, 9/15/16 ................................. 1,296 1,759,320
-----------
12,535,312
-----------
Nigeria-0.9%
Central Bank of Nigeria
6.25%, 11/15/20(a) ............................... 1,500 1,494,450
-----------
Panama-1.6%
Republic of Panama
6.70%, 1/26/36 ................................... 452 400,698
7.125%, 1/29/26 .................................. 927 878,333
7.25%, 3/15/15 ................................... 50 50,500
8.875%, 9/30/27 .................................. 559 628,316
9.375%, 7/23/12-4/01/29 .......................... 541 631,555
9.625%, 2/08/11 .................................. 135 149,175
-----------
2,738,577
-----------
Peru-1.7%
Republic of Peru
7.35%, 7/21/25 ................................... 411 392,505
8.375%, 5/03/16 .................................. 996 1,065,720
8.75%, 11/21/33(b) ............................... 1,299 1,425,652
9.875%, 2/06/15 .................................. 23 26,738
-----------
2,910,615
-----------
Philippines-3.7%
Republic of Philippines
7.75%, 1/14/31 ................................... 340 333,200
8.25%, 1/15/14 ................................... 226 232,554
8.375%, 2/15/11 .................................. 31 32,085
8.875%, 3/17/15 .................................. 1,888 2,022,992
9.00%, 2/15/13 ................................... 75 78,563
9.50%, 2/02/30 ................................... 431 493,495
9.875%, 1/15/19(b) ............................... 2,600 2,996,500
10.625%, 3/16/25 ................................. 130 160,550
-----------
6,349,939
-----------
Russia-8.4%
Ministry Finance of Russia
3.00%, 5/14/08-5/14/11 ........................... 2,380 2,213,450
Russian Federation
5.00%, 3/31/30(a)(c) ............................. 10,891 11,544,460
11.00%, 7/24/18(c) ............................... 435 599,213
-----------
14,357,123
-----------
Turkey-3.7%
Republic of Turkey
6.875%, 3/17/36 .................................. 1,161 963,630
7.00%, 6/05/20 ................................... 1,150 1,028,100
7.375%, 2/05/25 .................................. 680 608,600
11.00%, 1/14/13 .................................. 610 690,215
11.50%, 1/23/12(b) ............................... 1,447 1,648,133
11.75%, 6/15/10 .................................. 883 988,960
11.875%, 1/15/30 ................................. 254 345,186
-----------
6,272,824
-----------
Ukraine-0.7%
Government of Ukraine
6.875%, 3/04/11(c) ............................... 526 508,905
7.65%, 6/11/13(c) ................................ 191 190,809
11.00%, 3/15/07(c) ............................... 439 445,960
-----------
1,145,674
-----------
Principal
Amount
(000) U.S. $ Value
--------- ------------
Uruguay-0.9%
Republic of Uruguay
7.50%, 3/15/15.................................... $ 93 $ 89,048
7.875%, 1/15/33(d)................................ 1,062 960,822
9.25%, 5/17/17.................................... 505 541,108
-----------
1,590,978
-----------
Venezuela-4.1%
Republic of Venezuela
5.75%, 2/26/16.................................... 733 651,925
6.09%, 4/20/11 FRN(a)(c).......................... 120 119,016
7.00%, 12/01/18(c)................................ 315 302,400
8.50%, 10/08/14................................... 1,102 1,165,365
9.25%, 9/15/27.................................... 2,339 2,745,986
10.75%, 9/19/13................................... 1,659 1,980,846
13.625%, 8/15/18.................................. 35 49,700
-----------
7,015,238
-----------
Total Sovereign Debt Obligations
(cost $77,551,408)................................ 84,872,452
-----------
CORPORATE DEBT OBLIGATIONS-49.0%
Aerospace & Defense-1.2%
DRS Technologies, Inc.
6.875%, 11/01/13.................................. 380 365,750
L-3 Communications Corp.
5.875%, 1/15/15................................... 345 321,713
L-3 Financing Inc.
11.50%, 3/01/10(c)................................ 135 133,650
12.25%, 3/15/13(c)................................ 906 962,625
Sequa Corp.
9.00%, 8/01/09.................................... 235 249,100
-----------
2,032,838
-----------
Automotive-3.3%
Asbury Automotive Group, Inc.
8.00%, 3/15/14.................................... 211 204,670
Autonation Inc.
7.00%, 4/15/14(c)................................. 485 477,725
7.12%, 4/15/13 FRN(a)(c).......................... 55 54,725
Avis Budget Car Rental
7.75%, 5/15/16(c)................................. 315 303,188
Ford Motor Co.
7.45%, 7/16/31.................................... 561 405,323
Ford Motor Credit Co.
4.95%, 1/15/08.................................... 380 357,716
7.00%, 10/01/13................................... 253 217,741
General Motors Acceptence Corp.
6.875%, 9/15/11................................... 460 438,914
8.00%, 11/01/31*.................................. 270 259,511
8.375%, 7/15/33*.................................. 580 466,900
Hertz Corp.
8.875%, 1/01/14(c) ............................... 205 210,125
10.50%, 1/01/16(c)* .............................. 235 249,100
HLI Operating, Inc.
10.50%, 6/15/10* ................................. 206 172,010
Keystone Automotive Operations, Inc.
9.75%, 11/01/13................................... 310 292,950
Lear Corp.
8.11%, 5/15/09.................................... 205 199,875
Tenneco Inc.
8.625%, 11/15/14.................................. 130 129,675
TRW Automotive, Inc.
9.375%, 2/15/13................................... 186 197,625
11.00%, 2/15/13................................... 176 192,280
United Auto Group, Inc.
9.625%, 3/15/12................................... 290 303,050
Visteon Corp.
7.00%, 3/10/14*................................... 635 518,319
-----------
5,651,422
-----------
Broadcasting & Media-0.7%
Albritton Communications Co.
7.75%, 12/15/12................................... 375 371,250
Lamar Media Corp.
6.625%, 8/15/15................................... 100 92,500
Liberty Media Corp.
5.70%, 5/15/13.................................... 150 136,220
7.875%, 7/15/09................................... 120 124,233
8.25%, 2/01/30.................................... 150 143,571
Sirius Satellite Radio, Inc.
9.625%, 8/01/13................................... 190 178,125
XM Satellite Radio Inc.
9.75%, 5/01/14(c)................................. 245 224,175
-----------
1,270,074
-----------
Principal
Amount
(000) U.S. $ Value
--------- ------------
Building & Real Estate-1.3%
Associated Materials, Inc.
11.25%, 3/01/14(a)(e)............................. $530 $ 319,325
D.R. Horton, Inc.
6.875%, 5/01/13................................... 345 344,181
KB HOME
7.75%, 2/01/10.................................... 480 480,000
M/I Homes, Inc.
6.875%, 4/01/12................................... 215 185,975
Schuler Homes, Inc.
10.50%, 7/15/11................................... 360 378,900
William Lyon Homes, Inc.
10.75%, 4/01/13................................... 525 504,000
----------
2,212,381
----------
Cable-3.5%
Cablevision Systems Corp.
8.00%, 4/15/12.................................... 435 429,019
Charter Communications Operating LLC
8.00%, 4/30/12(c)................................. 890 885,550
CSC Holdings, Inc.
7.25%, 4/15/12(c)................................. 325 313,625
7.625%, 7/15/18................................... 410 405,900
DirectTV Holdings LLC
6.375%, 6/15/15................................... 480 442,800
Echostar DBS Corp.
6.375%, 10/01/11.................................. 325 311,188
Inmarsat Finance PLC (United Kingdom)
7.625%, 6/30/12................................... 372 381,300
Insight Midwest LP
9.75%, 10/01/09................................... 295 300,900
Intelsat Bermuda, Ltd. (Bermuda)
8.625%, 1/15/15................................... 285 285,713
9.61375%, 1/15/12 FRN(a).......................... 115 116,150
11.25%, 6/15/16(c)................................ 702 719,550
PanAmSat Corp.
9.00%, 8/15/14.................................... 313 317,695
PanAmSat Holding Corp.
10.375%, 11/01/14(a)(e)........................... 665 491,561
Rogers Cable, Inc. (Canada)
6.75%, 3/15/15.................................... 620 590,550
----------
5,991,501
----------
Chemicals-1.4%
Equistar Chemical Funding LP
10.125%, 9/01/08.................................. 480 505,200
10.625%, 5/01/11.................................. 145 155,694
Huntsman International LLC
9.875%, 3/01/09................................... 330 343,200
Ineos Group Holdings PLC (United Kingdom)
8.50%, 2/15/16(c)................................. 385 360,456
Nell AF S.a.r.l. (Luxembourg)
8.375%, 8/15/15(c)................................ 369 354,701
Rhodia S.A
8.875%, 6/01/11................................... 625 622,656
----------
2,341,907
----------
Principal
Amount
(000) U.S. $ Value
--------------------------------------------------------------------------------
Communications-Fixed-2.4%
Citizens Communications Co.
6.25%, 1/15/13 ................................... $ 490 $ 463,050
Eircom Funding (Ireland)
8.25%, 8/15/13 ................................... 430 455,800
Hawaiian Telecom Communications, Inc.
9.75%, 5/01/13 ................................... 285 289,987
Time Warner Telecommunications Holdings
9.25%, 2/15/14 ................................... 205 210,125
Verizon New York, Inc.
7.375%, 4/01/32 .................................. 685 675,261
8.875%, 3/15/12 .................................. 1,610 1,698,550
Windstream Corp.
8.125%, 8/01/13(c) ............................... 198 201,960
8.625%, 8/01/16(c) ............................... 156 159,510
----------
4,154,243
----------
Communications-Mobile-1.4%
American Tower Corp.
7.125%, 10/15/12 ................................. 627 625,433
Digicel, Ltd. (Bermuda)
9.25%, 9/01/12(c) ................................ 349 364,705
Dobson Communications Corp.
8.375%, 11/01/11(c) .............................. 233 239,407
8.875%, 10/01/13* ................................ 185 181,763
Rogers Wireless, Inc. (Canada)
7.25%, 12/15/12 .................................. 335 337,513
7.50%, 3/15/15 ................................... 368 371,680
Rural Cellular Corp.
8.25%, 3/15/12 ................................... 255 261,693
----------
2,382,194
----------
Consumer Manufacturing-1.1%
ACCO Brands Corp.
7.625%, 8/15/15 .................................. 470 435,925
Broder Brothers Co.
11.25%, 10/15/10 ................................. 292 271,560
Covalence Specialty Materials Corp.
10.25%, 3/01/16(c) ............................... 130 124,800
Crown Americas, Inc.
7.625%, 11/15/13(c) .............................. 375 368,438
Jostens, Inc.
7.625%, 10/01/12 ................................. 210 203,700
Levi Strauss & Co.
8.875%, 4/01/16(c) ............................... 225 214,875
Quicksilver Resources, Inc.
7.125%, 4/01/16 .................................. 180 168,750
----------
1,788,048
----------
Diversified Media-1.0%
Dex Media, Inc.
8.00%, 11/15/13 .................................. 250 251,250
Dex Media East LLC
9.875%, 11/15/09 ................................. 125 132,188
12.125%, 11/15/12 ................................ 220 246,950
Dex Media West LLC
8.50%, 8/15/10 ................................... 180 186,750
Rainbow National Services LLC
8.75%, 9/01/12(c) ................................ 205 215,250
R.H. Donnelley Corp.
6.875%, 1/15/13(c) ............................... 387 356,040
8.875%, 1/15/16(c) ............................... 380 383,325
----------
1,771,753
----------
Principal
Amount
(000) U.S. $ Value
--------------------------------------------------------------------------------
Energy-2.2%
Chesapeake Energy Corp.
7.50%, 9/15/13 ................................... $185 $ 185,463
7.75%, 1/15/15 ................................... 485 486,213
El Paso Corp.
7.75%, 1/15/32* .................................. 571 556,011
Grant Prideco, Inc.
6.125%, 8/15/15 .................................. 245 228,463
Hilcorp Energy
10.50%, 9/01/10(c) ............................... 266 286,615
Kerr-McGee Corp.
6.875%, 9/15/11 .................................. 160 165,356
Kinder Morgan Finance Co.
5.35%, 1/05/11 ................................... 190 175,054
Massey Energy Co.
6.875%, 12/15/13 ................................. 280 260,400
NRG Energy, Inc.
7.25%, 2/01/14 ................................... 85 82,875
7.375%, 2/01/16 .................................. 475 463,125
Pride International, Inc.
7.375%, 7/15/14 .................................. 400 402,000
Tesoro Corp.
6.25%, 11/01/12(c) ............................... 400 380,000
----------
3,671,575
----------
Entertainment & Leisure-1.5%
Gaylord Entertainment Co.
8.00%, 11/15/13 .................................. 350 349,563
Intrawest Corp. (Canada)
7.50%, 10/15/13 .................................. 195 194,025
NCL Corp. (Bermuda)
10.625%, 7/15/14 ................................. 250 245,625
Quebecor Media (Canada)
7.75%, 3/15/16(c) ................................ 520 509,600
Royal Caribbean Cruises (Liberia)
8.00%, 5/15/10 ................................... 385 402,516
Six Flags Inc.
9.625%, 6/01/14 .................................. 535 486,850
Universal City Development
11.75%, 4/01/10 .................................. 335 364,731
----------
2,552,910
----------
Financial-1.4%
C&M Finance Ltd. (Cayman Islands)
8.10%, 2/01/16(c) ................................ 250 238,750
Crum & Foster Holdings Corp.
10.375%, 6/15/13 ................................. 220 223,850
E*Trade Financial Corp.
7.375%, 9/15/13 .................................. 200 200,000
7.875%, 12/01/15 ................................. 643 659,075
8.00%, 6/15/11 ................................... 190 193,800
Hexion Nova Scotia Finance, ULC
9.00%, 7/15/14 ................................... 290 293,625
TRAINS HY-1-2006
7.548%, 5/01/16(c)* .............................. 595 583,100
----------
2,392,200
----------
Food & Beverage-1.0%
Altria Group, Inc.
7.75%, 1/15/27 ................................... 150 168,312
Dean Foods Co.
7.00%, 6/01/16 ................................... 360 348,300
Del Monte Food Co.
8.625%, 12/15/12 ................................. 125 128,750
Dole Food Company, Inc.
8.625%, 5/01/09 .................................. 180 171,900
8.875%, 3/15/11 .................................. 92 86,250
Reynolds American Inc.
7.25%, 6/01/12-6/01/13(c) ........................ 825 807,725
----------
1,711,237
----------
Principal
Amount
(000) U.S. $ Value
--------------------------------------------------------------------------------
Gaming-3.4%
Boyd Gaming Corp.
7.75%, 12/15/12 .................................. $255 $ 257,231
Greektown Holdings LLC
10.75%, 12/01/13(c) .............................. 240 253,200
Kerzner International Ltd. (Bahamas)
6.75%, 10/01/15 .................................. 405 422,719
Mandalay Resort Group
10.25%, 8/01/07 .................................. 535 554,394
MGM Mirage, Inc.
6.625%, 7/15/15 .................................. 455 424,288
8.375%, 2/01/11 .................................. 620 635,500
Mohegan Tribal Gaming Authority
6.375%, 7/15/09 .................................. 155 150,931
7.125%, 8/15/14 .................................. 150 145,125
Park Place Entertainment
7.00%, 4/15/13 ................................... 305 310,441
7.875%, 3/15/10 .................................. 150 155,625
9.375%, 2/15/07 .................................. 255 260,100
Penn National Gaming, Inc.
6.875%, 12/01/11 ................................. 430 420,325
Riviera Holdings Corp.
11.00%, 6/15/10 .................................. 385 407,138
Seneca Gaming Corp.
7.25%, 5/01/12(c) 305 295,469
Station Casinos, Inc.
6.625%, 3/15/18 .................................. 235 212,675
Turning Stone Casino Resort Enterprise
9.125%, 12/15/10(c) .............................. 300 303,000
Wynn Las Vegas LLC
6.625%, 12/01/14 ................................. 695 655,037
----------
5,863,198
----------
Health Care-2.8%
Concentra Operating Corp.
9.125%, 6/01/12 ................................... 5 5,175
9.50%, 8/15/10 .................................... 280 289,800
Coventry Health Care, Inc.
5.875%, 1/15/12 ................................... 160 153,600
6.125%, 1/15/15 ................................... 170 161,621
DaVita, Inc.
7.25%, 3/15/15 ................................... 350 336,000
Extendicare Health Services
9.50%, 7/01/10. .................................. 160 167,000
Hanger Orthopedic Group
10.25%, 6/01/14(c). .............................. 190 188,100
HCA, Inc.
6.375%, 1/15/15 .................................. 905 838,527
6.75%, 7/15/13 ................................... 10 9,549
7.875%, 2/01/11 .................................. 415 423,936
Healthsouth Corp.
10.75%, 6/15/16(c). .............................. 250 245,000
IASIS Healthcare/CAP CRP Healthcare
8.75%, 6/15/14 ................................... 495 485,100
Omnicare, Inc.
6.875%, 12/15/15 ................................. 540 513,000
Select Medical Corp.
7.625%, 2/01/15 .................................. 285 247,950
Triad Hospitals, Inc.
7.00%, 11/15/13 .................................. 405 393,862
Universal City Florida Holding, Co.
8.375%, 5/01/10 .................................. 110 110,550
Universal Hospital Services, Inc.
10.125%, 11/01/11 ................................ 260 270,400
----------
4,839,170
----------
Principal
Amount
(000) U.S. $ Value
--------------------------------------------------------------------------------
Hotels & Lodging-0.8%
Host Marriott LP
6.75%, 6/01/16(c) ................................ $ 225 $ 214,593
9.25%, 10/01/07 .................................. 110 113,438
9.50%, 1/15/07 ................................... 310 317,750
Starwood Hotels & Resorts Worldwide, Inc.
7.875%, 5/01/12 .................................. 405 422,719
Vail Resorts, Inc.
6.75%, 2/15/14 ................................... 360 342,000
----------
1,410,500
----------
Index-3.8%
Dow Jones CDX HY
8.25%, 6/29/10(c)* ............................... 955 961,170
8.625%, 6/29/11(c) ............................... 1,449 1,421,831
RACERS Series 06-6-T
5.089%, 5/01/07 FRN(a)(c) ........................ 4,200 4,127,091
----------
6,510,092
----------
Industrial-1.3%
AMSTED Industries, Inc.
10.25%, 10/15/11(c) .............................. 265 283,550
Case New Holland, Inc.
9.25%, 8/01/11 ................................... 315 331,538
FastenTech, Inc.
11.50%, 5/01/11 .................................. 170 173,400
Goodman Global Holdings Company, Inc.
7.875%, 12/15/12* ................................ 280 267,400
Invensys PLC (United Kingdom)
9.875%, 3/15/11(c) ............................... 340 368,900
Terex Corp.
10.375%, 4/01/11 ................................. 253 267,547
Trinity Industries, Inc.
6.50%, 3/15/14 ................................... 535 521,625
----------
2,213,960
----------
Insurance-0.2%
Liberty Mutual Group
5.75%, 3/15/14(c) ................................ 280 262,995
----------
Metals & Mining-1.6%
AK Steel Corp.
7.875%, 2/15/09 .................................. 430 427,850
Chesapeake Energy Corp.
6.625%, 1/15/16 .................................. 655 609,150
International Steel Group, Inc.
6.50%, 4/15/14 ................................... 272 257,040
Ispat Inland ULC (Canada)
9.75%, 4/01/14 ................................... 239 263,498
Peabody Energy Corp.
6.875%, 3/15/13 .................................. 660 648,450
Southern Peru Copper Corp.
6.375%, 7/27/15 .................................. 542 518,162
----------
2,724,150
----------
Principal
Amount
(000) U.S. $ Value
--------- ------------
Non-Air Transportation-0.3%
BNSF Funding Trust
6.613%, 12/15/55VRN(a) ........................... $555 $ 520,979
----------
Paper & Packaging-1.3%
Ball Corp.
6.875%, 12/15/12 ................................. 450 441,000
Berry Plastics Corp.
10.75%, 7/15/12 .................................. 295 319,338
Jefferson Smurfit Corp.
8.25%, 10/01/12 .................................. 8 7,500
Newpage Corp.
10.00%, 5/01/12 .................................. 285 294,975
Owens-Brockway Glass Container, Inc.
8.875%, 2/15/09 .................................. 745 767,350
Plastipak Holdings, Inc.
8.50%, 12/15/15(c) ............................... 135 135,000
Russell-Stanley Holdings, Inc. PIK
9.00%, 11/30/08(c)(d)(f) ......................... 913 240,756
Stone Container Corp.
9.75%, 2/01/11 ................................... 10 10,275
----------
2,216,194
----------
Petroleum Products-0.3%
Newfield Exploration Co.
6.625%, 4/15/16 .................................. 265 249,763
Petrohawk Energy Corp.
9.125%, 7/15/13(c) ............................... 217 215,915
----------
465,678
----------
Restaurants-0.2%
Domino's, Inc.
8.25%, 7/01/11 ................................... 262 271,825
----------
Retail-0.6%
Burlington Coat Factory
11.125%, 4/15/14(c) .............................. 130 126,100
GSC Holdings Corp.
8.00%, 10/01/12 .................................. 610 610,000
J.C. Penney Corporation, Inc.
7.625%, 3/01/97 .................................. 205 203,502
----------
939,602
----------
Service-2.3%
Allied Waste North America
6.375%, 4/15/11 .................................. 610 585,600
7.125%, 5/15/16(c) ............................... 545 513,662
7.375%, 4/15/14* ................................. 185 175,750
Gallery Capital SA (Luxembourg)
10.125%, 5/15/13(c) .............................. 149 139,437
H & E Equipment/Finance
11.125%, 6/15/12 ................................. 265 292,637
Iron Mountain Inc.
6.625%, 1/01/16 .................................. 335 301,500
Service Corp. International
6.50%, 3/15/08 ................................... 605 600,463
7.70%, 4/15/09 ................................... 270 271,350
United Rentals North America, Inc.
6.50%, 2/15/12 ................................... 454 429,030
7.00%, 2/15/14 ................................... 85 77,669
7.75%, 11/15/13 .................................. 538 511,100
----------
3,898,198
----------
Supermarket & Drugstore-0.5%
Couche-Tard, Inc.
7.50%, 12/15/13 .................................. 333 331,335
Stater Bros. Holdings, Inc.
8.125%, 6/15/12 .................................. 165 162,938
The Jean Coutu Group, Inc.
8.50%, 8/01/14 ................................... 460 423,200
----------
917,473
----------
Principal
Amount
(000) U.S. $ Value
--------- ------------
Technology-1.0%
Freescale Semiconductor
7.125%, 7/15/14 .................................. $ 220 $ 222,200
Lucent Technologies
6.45%, 3/15/29 ................................... 145 123,250
6.50%, 1/15/28 ................................... 95 79,800
Nortel Networks Corp. (Canada)
6.875%, 9/01/23 .................................. 280 224,000
Serena Software, Inc.
10.375%, 3/15/16(c) .............................. 270 271,350
SunGard Data Systems, Inc.
9.125%, 8/15/13(c) ............................... 735 762,562
-----------
1,683,162
-----------
Transportation-0.1%
AMR Corp.
9.00%, 8/01/12* .................................. 232 229,100
-----------
Utilities- Electric & Gas-5.0%
AES Corporation
8.75%, 5/15/13(c) ................................ 75 80,250
9.00%, 5/15/15(c) ................................ 115 123,625
Allegheny Energy Supply
7.80%, 3/15/11 ................................... 280 290,500
8.25%, 4/15/12(c) ................................ 495 525,937
Aquila, Inc.
14.875%, 7/01/12 ................................... 260 343,850
CMS Energy Corp.
8.50%, 4/15/11 ................................... 215 224,138
DPL, Inc.
6.875%, 9/01/11 .................................. 162 167,030
Edison Mission Energy
7.50%, 6/15/13(c)* ............................... 500 490,000
7.75%, 6/15/16(c) ................................ 170 167,025
FirstEnergy Corp.
6.45%, 11/15/11 .................................. 205 208,592
Northwest Pipeline Corp.
8.125%, 3/01/10 .................................. 315 327,600
Range Resources Corp.
7.50%, 5/15/16 ................................... 265 261,688
Reliant Energy, Inc.
6.75%, 12/15/14 .................................. 65 59,800
9.50%, 7/15/13 ................................... 390 391,950
Sanmina-Sci Corp.
8.125%, 3/01/16 .................................. 295 287,625
Sierra Pacific Resources
8.625%, 3/15/14 .................................. 260 275,430
Sonat Inc. ..........................................
7.625%, 7/15/11 .................................. 269 271,690
Southern Natural Gas Co.
7.35%, 2/15/31 ................................... 405 388,593
8.875%, 3/15/10 .................................. 325 343,282
TECO Energy, Inc.
6.75%, 5/01/15 ................................... 445 432,763
7.00%, 5/01/12 ................................... 425 422,875
The Williams Companies, Inc.
7.625%, 7/15/19 .................................. 1,365 1,385,475
TXU Corp.
5.55%, 11/15/14 .................................. 475 430,832
6.50%, 11/15/24 .................................. 764 681,512
-----------
8,582,062
-----------
Total U.S. Corporate Debt Obligations
(cost $89,131,636) ............................... 83,472,621
-----------
Principal
Amount
(000) U.S. $ Value
--------- ------------
NON-U.S. CORPORATE DEBT OBLIGATIONS-4.4%
Brazil-0.8%
Banco BMG SA
9.15%, 1/15/16(c)................................. $ 350 $ 343,000
PF Export Receivables Master Trust
6.436%, 6/01/15(c)................................ 1,089 1,089,170
----------
1,432,170
----------
China-0.3%
Chaoda Modern Agriculture
7.75%, 2/08/10(c)................................. 519 511,215
----------
El Salvador-0.2%
AES El Salvador Trust
6.75%, 2/01/16(c)................................. 270 248,738
----------
Hong Kong-0.2%
Noble Group, Ltd.
6.625%, 3/17/15(c)................................ 401 347,608
----------
Kazakhstan-0.2%
Kazkommerts International BV
8.50%, 4/16/13(c)................................. 350 358,750
----------
Mexico-0.1%
America Movil S.A. de C.V.
6.375%, 3/01/35................................... 116 100,830
----------
Romania-0.3%
Mobifon Holdings BV
12.50%, 7/31/10 .................................. 425 481,313
----------
Russia-1.8%
Citigroup (JSC Severstal)
9.25%, 4/19/14(c)................................. 464 481,354
Evraz Group SA
8.25%, 11/10/15(c)................................ 665 646,712
Gazprom OAO
9.625%, 3/01/13 (c)................................. 890 1,017,684
Mobile Telesystems Finance S.A.
9.75%, 1/30/08 (c)................................ 625 643,350
Russian Standard Finance SA
7.50%, 10/07/10(c)................................ 270 251,775
Tyumen Oil Co.
11.00%, 11/06/07(c)............................... 70 73,413
----------
3,114,288
----------
Singapore-0.4%
Avago Technologies Finance
10.125%, 12/01/13(c).............................. 230 242,075
Flextronics International, Ltd.
6.50%, 5/15/13 ................................... 535 508,250
----------
750,325
----------
Ukraine-0.1%
Dresdner Bank AG (Kyivstar)
7.75%, 4/27/12(c)................................. 100 96,375
----------
Total Non-U.S. Corporate Debt Obligations
(cost $7,413,474) ................................. 7,441,612
----------
Shares or
Principal
Amount
(000) U.S. $ Value
------------ -------------
NON-CONVERTIBLE PREFERRED STOCK-0.1%
Sovereign Real Estate Investment Trust
12.00%(c)(cost $168,350) ........................ $ 185 $ 254,375
------------
WARRANTS-0.1%
Central Bank of Nigeria
Warrants, expiring 11/15/20...................... 1,000 150,000
Republic of Venezuela
Warrants, expiring 4/15/20(g).................. 7,140 --
------------
Total Warrants
(cost $0) ..................................... 150,000
------------
SHORT-TERM INVESTMENT-3.8%
Time Deposit-3.8%
Societe Generale
5.2812%, 7/03/06
(cost $6,500,000).............................. 6,500 6,500,000
------------
Total Investments Before Security
Lending Collateral - 107.3%
(cost $180,764,868)............................ 182,691,060
------------
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.6%
Short-Term Investment
UBS Private Money Market Fund, LLC
5.10%
(cost $2,653,680).............................. 2,653,680 2,653,680
------------
Total Investments - 108.9%
(cost $183,418,548) ........................... 185,344,740
Other assets less liabilities - (8.9)%............ (15,076,920)
------------
Net Assets-100.0%................................. $170,267,820
------------
CREDIT DEFAULT SWAP CONTRACTS
Notional Unrealized
Swap Counterparty & Amount Interest Termination Appreciation/
Referenced Obligation (000) Rate Date (Depreciation)
------------------------------ -------- -------- ----------- --------------
Buy Contracts:
Citigroup Global Markets, Inc.
Republic of Hungary
4.50%, 2/06/13 350 0.50% 11/26/13 $ 3,538
JP Morgan Chase
Republic of Hungary
4.75%, 2/03/15 1,380 0.30 10/20/15 41,993
Sale Contracts:
Citigroup Global Markets, Inc.
Republic of Brazil
12.25%, 3/06/30 2,562 1.98 4/20/07 44,335
Citigroup Global Markets, Inc.
Republic of Philippines
10.625%, 3/16/25 510 4.95 3/20/09 49,661
Credit Suisse First Boston
Republic of Brazil
12.25%, 3/06/30 750 6.90 6/20/07 48,681
Credit Suisse First Boston
Republic of Venezuela
9.25%, 9/15/27 730 3.17 10/20/15 35,573
Deutsche Bank AG
Republic of Brazil
12.25%, 3/06/30 2,562 1.90 4/20/07 42,138
JP Morgan Chase
Gazprom OAO
10.50%, 10/21/09 1,490 1.04 10/20/10 (7,767)
Morgan Stanley
Republic of Brazil
12.25%, 3/06/30 680 3.80 8/20/06 12,731
REVERSE REPURCHASE AGREEMENTS
Broker Interest Rate Maturity Amount
-------------------- ------------- -------- -----------
Barclays Securites 4.65% 12/29/06 $ 4,525,640
Chase Manhattan Bank 4.30 12/29/06 1,861,020
Chase Manhattan Bank 4.30 12/29/06 1,724,292
Chase Manhattan Bank 5.00 12/29/06 1,403,570
Chase Manhattan Bank 5.05 12/29/06 2,923,750
Chase Manhattan Bank 4.95 12/29/06 1,310,000
Chase Manhattan Bank 5.15 12/29/06 1,094,500
Chase Manhattan Bank 5.15 12/29/06 1,633,800
-----------
$16,476,572
===========
* Represents entire or partial securities out on loan.
(a) Coupon changes periodically based upon a predetermined schedule. Stated
interest rate in effect at June 30, 2006.
(b) Positions, or portions thereof, with an aggregate market value of
$22,348,566 have been segregated to collateralize reverse repurchase
agreements.
(c) Security is exempt from registration under Rule 144A of the Securities Act
of 1933. These securities may be resold in transactions exempt from
registration, normally to qualified institutional buyers. At June 30, 2006,
the aggregate market value of these securities amounted to $50,975,289 or
29.9% of net assets.
(d) Payment in kind (PIK) quarterly coupon payment.
(e) Indicates a security that has a zero coupon that remains in effect until a
predetermined date at which time the stated coupon rate becomes effective
until final maturity.
(f) Security exempt from registration under Rule 144A of the Securites Act of
1933. This security, which represents 0.14% of net assets as of June 30,
2006, is considered illiquid and restricted.
Acquisition Acquisition Market Percentage of
Restricted Security Date Cost Value Net Assets
------------------------------ ----------- ----------- -------- -------------
Russell-Stanley Holdings, Inc. 2/26/99- $5,111,352 $240,756 0.14%
9.00%, 11/30/08 6/30/06
(g) Non-income producing security.
Glossary of Terms:
FRN - Floating Rate Note
VRN - Variable Rate Note
Please note: The sector classifications presented herein are based on the sector
categorization methodology of the Adviser.
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 changes in the registrant's internal controls over financial
reporting that occurred during the second fiscal quarter of the period that has
materially affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting.
ITEM 3. EXHIBITS.
The following exhibits are attached to this Form N-Q:
EXHIBIT NO. DESCRIPTION OF EXHIBIT
----------- ----------------------
3 (a) (1) Certification of Principal Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2) Certification of Principal Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002
3
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 ACM Managed Dollar Income Fund, Inc.
By: /s/ Marc O. Mayer
-----------------
Marc O. Mayer
President
Date: August 21, 2006
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/ Marc O. Mayer
-----------------
Marc O. Mayer
President
Date: August 21, 2006
By: /s/ Joseph J. Mantineo
----------------------
Joseph J. Mantineo
Treasurer and Chief Financial Officer
Date: August 21, 2006
4