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, 2007
Date of reporting period: December 31, 2006
ITEM 1. SCHEDULE OF INVESTMENTS.
2
PORTFOLIO OF INVESTMENTS
December 31, 2006 (unaudited) ACM Managed Dollar Income Fund
-------------------------------------------------------------------------------
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
SOVEREIGN DEBT OBLIGATIONS-53.0%
Argentina-4.9%
Republic of Argentina
7.00%, 3/28/11 ................................. $ 275 $ 272,342
8.28%, 12/31/33 ................................ 4,213 4,570,767
Republic of Argentina FRN
5.59%, 8/03/12(a) .............................. 3,800 3,584,874
------------
8,427,983
------------
Brazil-8.4%
Republic of Brazil.
7.125%, 1/20/37(b) ............................. 4,752 5,120,280
8.00%, 1/15/18 ................................. 2,099 2,343,533
8.25%, 1/20/34 ................................. 3,519 4,275,585
8.875%, 10/14/19 ............................... 2,329 2,847,202
------------
14,586,600
------------
Bulgaria-0.3%
Republic of Bulgaria
8.25%, 1/15/15(c) .............................. 355 420,675
------------
Colombia-1.3%
Republic of Colombia
7.375%, 9/18/37 ................................ 360 386,460
10.75%, 1/15/13 ................................ 237 292,458
11.75%, 2/25/20 ................................ 1,028 1,485,460
------------
2,164,378
------------
Costa Rica-0.2%
Republic of Costa Rica
8.05%, 1/31/13(c) .............................. 181 199,281
8.11%, 2/01/12(c) .............................. 188 205,390
------------
404,671
------------
Dominican Republic-0.2%
Dominican Republic
8.625%, 4/20/27(c) ............................. 370 425,130
------------
El Salvador-0.6%
Republic of El Salvador
7.625%, 9/21/34(c) ............................. 150 173,100
7.65%, 6/15/35(c) .............................. 441 502,740
8.50%, 7/25/11(c) .............................. 400 441,600
------------
1,117,440
------------
Indonesia-1.3%
Republic of Indonesia
6.75%, 3/10/14(c) .............................. 945 973,350
6.875%, 3/09/17(c) ............................. 378 399,735
7.25%, 4/20/15(c) .............................. 476 512,890
7.50%, 1/15/16(c) .............................. 270 297,250
8.50%, 10/12/35(c) ............................. 100 124,000
------------
2,307,225
------------
Jamaica-0.3%
Government of Jamaica
9.25%, 10/17/25 ................................ 100 111,000
10.625%, 6/20/17 ............................... 270 324,000
------------
435,000
------------
Lebanon-0.6%
Lebanese Republic
7.875%, 5/20/11(c) ............................. 325 313,300
10.125%, 8/06/08(c) ............................ 556 570,456
11.625%, 5/11/16(c) ............................ 146 166,513
------------
1,050,269
------------
3
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Malaysia-0.5%
Government of Malaysia
7.50%, 7/15/11 ................................. $ 858 $ 933,661
------------
Mexico-6.4%
United Mexican States
8.00%, 9/24/22(b) .............................. 2,472 3,020,784
8.125%, 12/30/19(b) ............................ 5,135 6,251,862
11.375%, 9/15/16 ............................... 1,296 1,866,240
------------
11,138,886
------------
Panama-2.9%
Republic of Panama
6.70%, 1/26/36 ................................. 433 451,402
7.125%, 1/29/26 ................................ 927 1,004,868
7.25%, 3/15/15 ................................. 2,055 2,222,482
8.875%, 9/30/27 ................................ 559 707,135
9.375%, 7/23/12-4/01/29 ........................ 541 702,888
------------
5,088,775
------------
Peru-3.4%
Republic of Peru
7.35%, 7/21/25(b) .............................. 2,611 2,960,874
8.375%, 5/03/16 ................................ 996 1,182,750
8.75%, 11/21/33(b) ............................. 1,299 1,704,937
9.875%, 2/06/15 ................................ 19 23,969
------------
5,872,530
------------
Philippines-4.2%
Republic of Philippines
7.75%, 1/14/31 ................................. 340 385,900
8.25%, 1/15/14(b) .............................. 226 254,250
8.375%, 2/15/11 ................................ 31 33,945
8.875%, 3/17/15 ................................ 1,888 2,221,232
9.00%, 2/15/13 ................................. 44 50,710
9.50%, 2/02/30 ................................. 431 574,307
9.875%, 1/15/19(b) ............................. 2,628 3,429,540
10.625%, 3/16/25 ............................... 205 292,125
------------
7,242,009
------------
Russia-6.4%
Ministry Finance of Russia
3.00%, 5/14/08-5/14/11 ......................... 2,380 2,273,445
Russian Federation
5.00%, 3/31/30(a)(c) ........................... 7,191 8,136,618
11.00%, 7/24/18(c) ............................. 435 629,663
------------
11,039,726
------------
South Africa-0.1%
Republic of South Africa
7.375%, 4/25/12 ................................ 142 152,650
------------
Turkey-4.1%
Republic of Turkey
6.875%, 3/17/36 ................................ 1,161 1,108,755
7.00%, 6/05/20 ................................. 1,150 1,155,750
7.375%, 2/05/25 ................................ 1,063 1,089,575
9.50%, 1/15/14 ................................. 151 175,915
11.00%, 1/14/13 ................................ 610 747,250
11.50%, 1/23/12 ................................ 1,447 1,765,340
11.75%, 6/15/10 ................................ 883 1,044,147
------------
7,086,732
------------
Ukraine-1.3%
Government of Ukraine
6.875%, 3/04/11(c) ............................. 526 540,465
7.65%, 6/11/13(c) .............................. 1,321 1,426,680
11.00%, 3/15/07(c) ............................. 219 221,480
------------
2,188,625
------------
Uruguay-1.2%
Republic of Uruguay
7.625%, 3/21/36 ................................ 140 154,700
7.875%, 1/15/33(d) ............................. 1,072 1,194,541
8.00%, 11/18/22 ................................ 92 104,427
9.25%, 5/17/17 ................................. 505 616,100
------------
2,069,768
------------
4
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Venezuela-4.4%
Republic of Venezuela
5.75%, 2/26/16 ................................. $ 733 $ 697,706
6.00%, 12/09/20 ................................ 127 119,063
6.511%, 4/20/11 FRN(a)(c) ...................... 120 119,412
7.00%, 12/01/18(c) ............................. 501 516,030
8.50%, 10/08/14 ................................ 1,102 1,248,015
9.25%, 9/15/27 ................................. 2,339 2,999,767
10.75%, 9/19/13 ................................ 1,500 1,860,000
13.625%, 8/15/18 ............................... 35 53,725
------------
7,613,718
------------
Total Sovereign Debt Obligations
(cost $79,124,537) ............................. 91,766,451
------------
CORPORATE DEBT OBLIGATIONS-45.8%
Aerospace & Defense-0.3%
L-3 Communications Corp.
5.875%, 1/15/15 ................................ 345 332,925
Sequa Corp.
9.00%, 8/01/09 ................................. 235 252,625
------------
585,550
------------
Automotive-3.0%
Autonation Inc.
7.374%, 4/15/13 FRN(a) ......................... 55 55,275
Ford Motor Co.
7.45%, 7/16/31* ................................ 561 440,385
Ford Motor Credit Co.
4.95%, 1/15/08 ................................. 380 373,581
7.00%, 10/01/13 ................................ 533 509,005
8.11%, 1/13/12 FRN(a) .......................... 630 624,279
General Motors Acceptance Corp.
6.875%, 9/15/11 ................................ 765 784,659
8.25%, 7/15/23 ................................. 320 297,600
8.375%, 7/15/33* ............................... 655 605,875
Goodyear Tire & Rubber Co.
8.625%, 12/01/11(c) ............................ 90 92,925
Keystone Automotive Operations, Inc.
9.75%, 11/01/13 ................................ 310 306,900
Lear Corp.
8.50%, 12/01/13(c) ............................. 80 77,600
8.75%, 12/01/16(c) ............................. 115 111,119
Tenneco Inc.
8.625%, 11/15/14 ............................... 130 132,600
TRW Automotive, Inc.
9.375%, 2/15/13 ................................ 186 199,485
11.00%, 2/15/13 ................................ 176 192,940
United Auto Group, Inc.
9.625%, 3/15/12 ................................ 290 304,863
------------
5,109,091
------------
Broadcasting & Media-0.8%
Allbritton Communications Co.
7.75%, 12/15/12 ................................ 375 378,750
Gallery Capital SA
10.125%, 5/15/13(c) ............................ 249 247,954
Sirius Satellite Radio, Inc.
9.625%, 8/01/13 ................................ 190 186,913
Univision Communmications Inc.
7.85%, 7/15/11 ................................. 270 272,024
XM Satellite Radio Inc.
9.75%, 5/01/14* ................................ 245 245,000
------------
1,330,641
------------
Building & Real Estate-0.7%
Associated Materials, Inc.
11.25%, 3/01/14(a)(e) .......................... 440 297,000
Goodman Global Holdings Company, Inc.
7.875%, 12/15/12* .............................. 280 275,100
KB HOME
7.75%, 2/01/10 ................................. 480 488,400
William Lyon Homes, Inc.
10.75%, 4/01/13 ................................ 206 196,215
------------
1,256,715
------------
5
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Cable-3.7%
Cablevision Systems Corp.
8.00%, 4/15/12 ................................. $ 435 $ 427,386
Charter Communications Operating LLC
8.00%, 4/30/12(c) .............................. 890 924,487
CSC Holdings, Inc.
6.75%, 4/15/12(c) .............................. 325 316,875
7.625%, 7/15/18 ................................ 410 399,236
DirectTV Holdings LLC
6.375%, 6/15/15 ................................ 605 580,044
Echostar DBS Corp.
6.375%, 10/01/11 ............................... 325 322,969
7.125%, 2/01/16 ................................ 160 160,000
Inmarsat Finance PLC
7.625%, 6/30/12 ................................ 372 384,090
Insight Midwest LP
9.75%, 10/01/09 ................................ 153 155,486
Intelsat Bermuda, Ltd.
8.625%, 1/15/15 ................................ 285 296,400
10.484%, 1/15/12 FRN(a) ........................ 115 116,006
11.25%, 6/15/16(c) ............................. 702 770,445
PanAmSat Corp.
9.00%, 8/15/14 ................................. 313 330,606
Quebecor Media
7.75%, 3/15/16 ................................. 570 582,112
Rogers Cable, Inc.
6.75%, 3/15/15 ................................. 620 638,808
------------
6,404,950
------------
Chemicals-1.9%
Equistar Chemical Funding LP
10.125%, 9/01/08 ............................... 480 510,000
10.625%, 5/01/11 ............................... 145 154,425
Hexion Nova Scotia Finance, ULC
9.75%, 11/15/14(c) ............................. 115 116,581
9.87%, 11/15/14 FRN(a)(c) ...................... 115 115,144
Huntsman International LLC
7.875%, 11/15/14(c) ............................ 195 196,463
9.875%, 3/01/09 ................................ 203 209,090
Ineos Group Holdings
8.50%, 2/15/16(c) .............................. 385 367,675
Lyondell Chemical Co.
8.00%, 9/15/14 ................................. 155 160,813
8.25%, 9/15/16 ................................. 95 99,750
Momentive Performance Co.
10.125%, 12/01/14(c)(d) ........................ 155 155,775
Nell AF S.a.r.l.
8.375%, 8/15/15(c)* ............................ 369 379,147
NewMarket Corp.
7.125%, 12/15/16(c) ............................ 195 195,000
Rhodia S.A.
8.875%, 6/01/11 ................................ 625 659,375
------------
3,319,238
------------
Communications-Fixed-2.4%
Citizens Communications Co.
6.25%, 1/15/13 ................................. 490 480,812
L-3 Financing Inc.
11.50%, 3/01/10 ................................ 135 143,100
12.25%, 3/15/13 ................................ 906 1,026,045
Time Warner Telecommunications Holdings
9.25%, 2/15/14 ................................. 205 219,094
Verizon New York, Inc.
8.875%, 3/15/12 ................................ 1,610 1,793,137
West Corp.
9.50%, 10/15/14(c) ............................. 80 80,000
Windstream Corp.
8.125%, 8/01/13 ................................ 198 214,335
8.625%, 8/01/16 ................................ 156 170,820
------------
4,127,343
------------
6
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Communications-Mobile-1.5%
American Tower Corp.
7.125%, 10/15/12 ............................... $ 627 $ 644,242
Digicel, Ltd.
9.25%, 9/01/12(c) .............................. 349 372,557
Dobson Communications Corp.
8.375%, 11/01/11(c) ............................ 143 150,686
8.875%, 10/01/13 ............................... 185 188,469
Rogers Wireless, Inc.
7.25%, 12/15/12 ................................ 335 355,100
7.50%, 3/15/15 ................................. 508 551,180
Rural Cellular Corp.
8.25%, 3/15/12 ................................. 255 265,519
------------
2,527,753
------------
Consumer Manufacturing-0.3%
Broder Brothers Co.
11.25%, 10/15/10 ............................... 142 137,740
Jostens, Inc.
7.625%, 10/01/12 ............................... 210 212,625
Levi Strauss & Co.
8.875%, 4/01/16 ................................ 225 235,125
------------
585,490
------------
Derivatives-1.8%
Dow Jones CDX HY
8.25%, 6/29/10(c)* ............................. 955 975,526
8.375%, 12/29/11(c) ............................ 1,450 1,482,625
TRAINS HY-1-2006
7.548%, 5/01/16(c) ............................. 571 582,898
------------
3,041,049
------------
Diversified Media-0.9%
Dex Media East LLC
12.125%, 11/15/12 .............................. 220 242,275
Dex Media West LLC
8.50%, 8/15/10 ................................. 180 186,975
Lamar Media Corp.
6.625%, 8/15/15 ................................ 100 99,125
Liberty Media Corp.
5.70%, 5/15/13 ................................. 150 141,321
7.875%, 7/15/09 ................................ 120 125,139
8.25%, 2/01/30 ................................. 150 147,034
Rainbow National Services LLC
8.75%, 9/01/12(c) .............................. 205 215,506
R.H. Donnelley Corp.
6.875%, 1/15/13 ................................ 387 371,037
------------
1,528,412
------------
Energy-2.5%
Chesapeake Energy Corp.
7.50%, 9/15/13 ................................. 185 192,631
7.75%, 1/15/15 ................................. 485 505,006
Complete Production Services, Inc.
8.00%, 12/15/16(c) ............................. 140 143,500
El Paso Corp.
7.375%, 12/15/12 ............................... 265 278,913
7.75%, 6/01/13 ................................. 385 402,806
Grant Prideco, Inc.
6.125%, 8/15/15 ................................ 80 78,000
Hilcorp Energy
10.50%, 9/01/10(c) ............................. 266 284,620
Kerr-McGee Corp.
6.875%, 9/15/11 ................................ 420 443,753
OPTI Canada Inc.
8.25%, 12/15/14(c) ............................. 68 69,448
PetroHawk Energy Corp.
9.125%, 7/15/13 ................................ 217 227,850
Pride International, Inc.
7.375%, 7/15/14 ................................ 400 413,000
Range Resources Corp.
7.50%, 5/15/16 ................................. 265 271,625
Tesoro Corp.
6.25%, 11/01/12 ................................ 400 398,000
TNK-BP Financial SA
7.50%, 7/18/16(c) .............................. 575 612,734
------------
4,321,886
------------
7
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Entertainment & Leisure-1.0%
Gaylord Entertainment Co.
8.00%, 11/15/13 ................................ $ 350 $ 363,125
NCL Corp.
10.625%, 7/15/14 ............................... 250 250,000
Royal Caribbean Cruises
8.00%, 5/15/10 ................................. 385 408,633
Six Flags Inc.
9.625%, 6/01/14* ............................... 290 268,975
Universal City Development
11.75%, 4/01/10 ................................ 335 358,869
Universal City Florida Holding, Co.
8.375%, 5/01/10 ................................ 110 112,750
------------
1,762,352
------------
Financial-1.2%
C&M Finance Ltd.
8.10%, 2/01/16(c) .............................. 250 256,875
Crum & Foster Holdings Corp.
10.375%, 6/15/13 ............................... 220 238,150
E*Trade Financial Corp.
7.375%, 9/15/13 ................................ 200 208,000
7.875%, 12/01/15 ............................... 643 683,187
8.00%, 6/15/11 ................................. 190 198,550
Iirsa Norte Finance LTD.
8.75%, 5/30/24(c) .............................. 150 175,875
Liberty Mutual Group
5.75%, 3/15/14(c) .............................. 280 278,962
------------
2,039,599
------------
Food & Beverage-1.5%
Dean Foods Co.
7.00%, 6/01/16 ................................. 360 363,600
Del Monte Food Co.
8.625%, 12/15/12 ............................... 125 131,875
Dole Food Company, Inc.
8.625%, 5/01/09 ................................ 180 178,875
8.875%, 3/15/11 ................................ 92 90,620
Domino's, Inc.
8.25%, 7/01/11 ................................. 262 271,498
Reynolds American, Inc.
7.25%, 6/01/12-6/01/13 ......................... 825 859,132
7.625%, 6/01/16 ................................ 290 307,265
Rite Aid Corp.
6.875%, 8/15/13* ............................... 230 204,125
9.25%, 6/01/13 ................................. 210 211,050
------------
2,618,040
------------
8
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Gaming-3.5%
Boyd Gaming Corp.
7.75%, 12/15/12 ................................ $ 255 $ 263,606
Greektown Holdings LLC
10.75%, 12/01/13(c) ............................ 240 250,800
Harrah's Operating Company, Inc.
5.625%, 6/01/15 ................................ 695 596,065
Mandalay Resort Group
10.25%, 8/01/07 ................................ 535 547,706
MGM Mirage, Inc.
6.625%, 7/15/15 ................................ 455 433,387
8.375%, 2/01/11 ................................ 620 643,250
Mohegan Tribal Gaming Authority
6.375%, 7/15/09 ................................ 155 155,000
7.125%, 8/15/14 ................................ 150 152,063
Park Place Entertainment
7.00%, 4/15/13 ................................. 305 311,998
7.875%, 3/15/10 ................................ 150 156,375
9.375%, 2/15/07 ................................ 255 255,956
Penn National Gaming, Inc.
6.875%, 12/01/11 ............................... 430 433,225
Riviera Holdings Corp.
11.00%, 6/15/10 ................................ 385 408,100
Seneca Gaming Corp.
7.25%, 5/01/12 ................................. 305 310,338
Station Casinos, Inc.
6.625%, 3/15/18 ................................ 85 72,888
Turning Stone Casino Resort Enterprise
9.125%, 12/15/10(c) ............................ 300 307,500
Wynn Las Vegas LLC
6.625%, 12/01/14 ............................... 695 690,656
------------
5,988,913
------------
Health Care-2.7%
Concentra Operating Corp.
9.125%, 6/01/12 ................................ 5 5,250
9.50%, 8/15/10 ................................. 280 294,000
Coventry HealthCare, Inc.
5.875%, 1/15/12 ................................ 160 157,976
DaVita, Inc.
7.25%, 3/15/15 ................................. 350 357,000
Elan Finance Corp.
7.75%, 11/15/11 ................................ 590 575,987
Hanger Orthopedic Group
10.25%, 6/01/14 ................................ 190 196,175
HCA, Inc.
6.25%, 2/15/13 ................................. 5 4,425
6.375%, 1/15/15 ................................ 415 351,713
6.50%, 2/15/16 ................................. 290 244,325
6.75%, 7/15/13 ................................. 10 8,975
7.875%, 2/01/11 ................................ 415 416,037
9.625%, 11/15/16(c) ............................ 485 521,375
Healthsouth Corp.
10.75%, 6/15/16(c) ............................. 250 269,063
IASIS Healthcare/CAP CRP Healthcare
8.75%, 6/15/14 ................................. 270 273,375
Select Medical Corp.
7.625%, 2/01/15 ................................ 285 236,550
Tenet Healthcare Corp.
7.375%, 2/01/13 ................................ 270 248,063
9.875%, 7/01/14 ................................ 150 152,625
Universal Hospital Services, Inc.
10.125%, 11/01/11 .............................. 260 277,550
Ventas Realty LP
6.75%, 4/01/17 ................................. 157 162,103
------------
4,752,567
------------
9
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Hotels & Lodging-0.5%
Host Hotels & Resorts LP
6.875%, 11/01/14(c) ............................ $ 85 $ 86,063
Host Marriott LP
6.75%, 6/01/16 ................................. 590 590,737
Starwood Hotels & Resorts Worldwide, Inc.
7.875%, 5/01/12 ................................ 180 190,101
------------
866,901
------------
Industrial-1.2%
AMSTED Industries, Inc.
10.25%, 10/15/11(c) ............................ 265 283,550
Bombardier, Inc.
8.00%, 11/15/14(c) ............................. 350 358,750
Case New Holland, Inc.
9.25%, 8/01/11 ................................. 315 333,506
FastenTech, Inc.
11.50%, 5/01/11 ................................ 170 178,925
Invensys PLC
9.875%, 3/15/11(c) ............................. 65 69,713
RBS Global & Rexnord Corp.
9.50%, 8/01/14(c) .............................. 250 260,000
11.75%, 8/01/16(c) ............................. 115 120,175
Trinity Industries, Inc.
6.50%, 3/15/14 ................................. 535 525,637
------------
2,130,256
------------
Metals & Mining-1.5%
AK Steel Corp.
7.875%, 2/15/09 ................................ 430 429,999
Arch Western Finance
6.75%, 7/01/13 ................................. 165 163,763
International Steel Group, Inc.
6.50%, 4/15/14 ................................. 577 592,867
Ispat Inland ULC
9.75%, 4/01/14 ................................. 239 267,083
Massey Energy Co.
6.875%, 12/15/13 ............................... 165 155,100
Peabody Energy Corp.
6.875%, 3/15/13 ................................ 660 676,500
Southern Peru Copper Corp.
7.50%, 7/27/35 ................................. 300 325,286
------------
2,610,598
------------
Paper & Packaging-1.4%
Ball Corp.
6.875%, 12/15/12 ............................... 450 459,000
Berry Plastics Corp.
8.875%, 9/15/14(c) ............................. 275 279,125
Covalence Specialty Materials Corp.
10.25%, 3/01/16(c) ............................. 130 118,950
Crown Americas, Inc.
7.625%, 11/15/13 ............................... 375 386,249
Jefferson Smurfit Corp.
8.25%, 10/01/12 ................................ 8 7,800
Newpage Corp.
10.00%, 5/01/12 ................................ 285 300,675
Owens-Brockway Glass Container, Inc.
8.875%, 2/15/09 ................................ 655 669,737
Plastipak Holdings, Inc.
8.50%, 12/15/15(c) ............................. 135 140,400
Russell-Stanley Holdings, Inc.
9.00%, 11/30/08(c)(d)(f) ....................... 914 45,674
Stone Container Corp.
9.75%, 2/01/11 ................................. 10 10,313
------------
2,417,923
------------
10
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Retail-0.6%
Bon-Ton Department Stores, Inc.
10.25%, 3/15/14* ............................... $ 235 $ 240,288
Burlington Coat Factory
11.125%, 4/15/14(c) ............................ 130 126,750
GSC Holdings Corp.
8.00%, 10/01/12* ............................... 610 637,450
------------
1,004,488
------------
Service-2.1%
Allied Waste North America
6.375%, 4/15/11 ................................ 610 602,375
7.125%, 5/15/16 ................................ 545 539,550
7.375%, 4/15/14 ................................ 185 184,075
Iron Mountain Inc.
6.625%, 1/01/16 ................................ 335 321,600
Service Corp. International
6.50%, 3/15/08 ................................. 605 608,025
7.70%, 4/15/09 ................................. 270 280,125
United Rentals North America, Inc.
6.50%, 2/15/12 ................................. 454 448,325
7.00%, 2/15/14 ................................. 85 83,406
7.75%, 11/15/13 ................................ 538 540,017
------------
3,607,498
------------
Supermarket & Drugstore-0.3%
Couche-Tard, Inc.
7.50%, 12/15/13 ................................ 333 340,493
Stater Bros. Holdings, Inc.
8.125%, 6/15/12 ............................... 165 167,475
------------
507,968
------------
Technology-2.7%
Amkor Technologies Inc.
9.25%, 6/01/16 ................................. 175 171,500
Avago Technologies Finance
10.125%, 12/01/13(c) ........................... 230 245,525
Computer Associates Inc.
5.25%, 12/01/09(c) ............................. 200 194,537
Electronic Data Systems Corp.
6.50%, 8/01/13 ................................. 178 179,199
Flextronics International, Ltd.
6.50%, 5/15/13 ................................. 535 528,312
Freescale Semiconductor
9.125%, 12/15/14(c)(d) ......................... 580 576,375
10.125%, 12/15/16(c) ........................... 145 145,181
NXP BV/NXP Funding LLC
8.118%, 10/15/13 FRN(a)(c) ..................... 170 172,550
9.50%, 10/15/15(c) ............................. 80 82,000
Nortel Networks Corp.
6.875%, 9/01/23 ................................ 280 235,200
10.125%, 7/15/13(c) ............................ 235 253,800
Seagate Technology
6.375%, 10/01/11 ............................... 443 443,000
6.80%, 10/01/16 ................................ 221 222,105
Serena Software, Inc.
10.375%, 3/15/16 ............................... 270 286,538
SunGard Data Systems, Inc.
9.125%, 8/15/13 ................................ 740 777,000
Xerox Corp.
6.40%, 3/15/16 ................................. 240 245,100
------------
4,757,922
------------
Transportation-0.8%
AMR Corp.
9.00%, 8/01/12 ................................. 382 402,532
Avis Budget Car Rental
7.75%, 5/15/16(c) .............................. 315 303,974
Continental Airlines Inc.
8.75%, 12/01/11 ................................ 260 261,949
Hertz Corp.
8.875%, 1/01/14(c) ............................. 205 214,738
10.50%, 1/01/16(c) ............................. 235 258,500
------------
1,441,693
------------
11
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Utilities- Electric & Gas-4.8%
AES Corporation
7.75%, 3/01/14 ................................. $ 555 $ 585,525
8.75%, 5/15/13(c) .............................. 75 80,344
9.00%, 5/15/15(c) .............................. 115 123,625
Allegheny Energy Supply
7.80%, 3/15/11 ................................. 280 300,300
8.25%, 4/15/12(c) .............................. 495 543,262
Aquila, Inc.
14.875%, 7/01/12 .............................. 260 339,300
CMS Energy Corp.
8.50%, 4/15/11 ................................. 215 233,813
Edison Mission Energy
7.50%, 6/15/13 ................................. 500 522,500
7.75%, 6/15/16 ................................. 170 180,200
Northwest Pipeline Corp.
8.125%, 3/01/10 ................................ 315 327,994
NRG Energy, Inc.
7.25%, 2/01/14 ................................. 85 85,638
7.375%, 2/01/16 ................................ 475 477,375
Regency Energy Partners, Inc.
8.375%, 12/15/13(c) ............................ 300 300,750
Reliant Energy, Inc.
6.75%, 12/15/14 ................................ 65 63,538
9.50%, 7/15/13 ................................. 390 418,275
Sierra Pacific Resources
8.625%, 3/15/14 ................................ 260 279,151
Southern Natural Gas Co.
8.875%, 3/15/10 ................................ 325 340,954
TECO Energy, Inc.
7.00%, 5/01/12 ................................. 425 447,312
Tennessee Gas Pipeline Co.
7.00%, 10/15/28 ................................ 290 306,205
The Williams Companies, Inc.
7.625%, 7/15/19 ................................ 1,365 1,460,550
TXU Corp.
5.55%, 11/15/14 ................................ 475 450,937
6.50%, 11/15/24 ................................ 379 357,052
------------
8,224,600
------------
Wireline-0.2%
Idearc Inc.
8.00%, 11/15/16(c) ............................. 345 351,469
------------
Total Corporate Debt Obligations
(cost $81,814,636) ............................. 79,220,905
------------
EMERGING MARKET - CORPORATE DEBT OBLIGATIONS-4.1%
Brazil-0.8%
Banco BMG SA
9.15%, 1/15/16(c) .............................. 350 354,725
PF Export Receivables Master Trust
6.436%, 6/01/15(c) ............................. 1,029 1,049,414
------------
1,404,139
------------
China-0.3%
Chaoda Modern Agriculture
7.75%, 2/08/10(c) .............................. 519 519,000
------------
El Salvador-0.1%
AES El Salvador Trust
6.75%, 2/01/16(c) .............................. 270 268,574
------------
Hong Kong-0.2%
Noble Group, Ltd.
6.625%, 3/17/15(c) ............................. 401 364,253
------------
12
Shares or
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
Kazakhstan-0.3%
ALB Finance BV
9.25%, 9/25/13(c) .............................. $ 173 $ 170,284
Kazkommerts International BV
8.50%, 4/16/13(c) .............................. 350 375,812
------------
546,096
------------
Romania-0.3%
Mobifon Holdings BV
12.50%, 7/31/10 ................................ 425 469,631
------------
Russia-2.0%
Alfa Bond ISS (Alpha Bank)
8.625%, 12/09/15 VRN(a) ........................ 225 228,539
Citigroup (JSC Severstal)
9.25%, 4/19/14(c) .............................. 464 502,275
Evraz Group SA
8.25%, 11/10/15(c) ............................. 665 684,119
Gazprom OAO
9.625%, 3/01/13(c) ............................. 890 1,061,411
Mobile Telesystems Finance S.A.
9.75%, 1/30/08(c) .............................. 625 646,875
Russian Standard Finance SA
7.50%, 10/07/10(c) ............................. 270 260,213
Tyumen Oil Co.
11.00%, 11/06/07(c) ............................ 70 72,800
------------
3,456,232
------------
Ukraine-0.1%
Dresdner Bank AG (Kyivstar)
7.75%, 4/27/12(c) .............................. 100 104,000
------------
Total Emerging Market - Corporate Debt Obligations
(cost $6,864,301) .............................. 7,131,925
------------
STRUCTURED NOTE-2.5%
RACERS Series 06-6-T
5.311%, 5/01/07 FRN(a)(c)
(cost $4,200,000) .............................. 4,200 4,369,103
------------
NON-CONVERTIBLE PREFERRED STOCK-0.2%
Sovereign Real Estate Investment Trust
12.00%(c)
(cost $168,350) ................................ 185 287,675
------------
WARRANTS-0.1%
Central Bank of Nigeria
Warrants, expiring 11/15/20(g) ................. 1,000 190,000
Republic of Venezuela
Warrants, expiring 4/15/20(g) .................. 7,140 0
------------
Total Warrants (cost $0) .......................... 190,000
------------
13
Shares or
Principal
Amount
(000) U.S. $ Value
-------------------------------------------------------------------------------
SHORT-TERM INVESTMENT-4.3%
Limited Tax Note-4.3%
Alliance Bernstein
5.25%, 12/31/49
(cost $7,491,033) .............................. $ 7,491 $ 7,491,033
------------
Total Investments Before Security
Lending Collateral - 110.0%
(cost $179,662,857) ............................ 190,457,092
------------
INVESTMENT OF CASH COLLATERAL FOR
SECURITIES LOANED - 1.3%
Short-Term Investment
UBS Private Money Market Fund, LLC
(cost $2,165,528) .............................. 2,165,528 2,165,528
------------
Total Investments - 111.3%
(cost $181,828,385) ............................ 192,622,620
Other assets less liabilities - (11.3)% ........... (19,519,915)
------------
Net Assets-100.0% ................................. $173,102,705
------------
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 $(4,287)
JP Morgan Chase
Republic of Hungary
4.75%, 2/03/15 1,380 0.30 10/20/15 4,566
Sale Contracts:
Citigroup Global Markets, Inc.
Republic of Brazil
12.25%, 3/06/30 2,562 1.98 4/20/07 23,699
Citigroup Global Markets, Inc.
Republic of Philippines
10.625%, 3/16/25 510 4.95 3/20/09 47,417
Credit Suisse First Boston
Republic of Brazil
12.25%, 3/06/30 750 6.90 6/20/07 25,063
Credit Suisse First Boston
Republic of Venezuela
9.25%, 9/15/27 730 3.17 10/20/15 65,665
Deutsche Bank AG
Republic of Brazil
12.25%, 3/06/30 2,562 1.90 4/20/07 22,788
JP Morgan Chase
Gazprom OAO
10.50%, 10/21/09 1,490 1.04 10/20/10 21,532
14
REVERSE REPURCHASE AGREEMENTS
Broker Interest Rate Maturity Amount
-------------------------------------------------------------
Barclays Securties 4.50% 12/31/07 $ 3,473,828
Barclays Securties 5.00 12/31/07 3,081,083
Barclays Securties 5.00 12/31/07 6,215,306
Chase Manhattan Bank 3.05 12/31/07 245,381
Chase Manhattan Bank 4.85 12/31/07 2,873,815
Chase Manhattan Bank 5.00 12/31/07 1,768,867
Chase Manhattan Bank 5.00 12/31/07 1,909,129
Chase Manhattan Bank 5.00 12/31/07 1,438,659
-----------
$21,006,068
===========
* Represents entire or partial securities out on loan.
(a) Variable rate coupon, rate shown as of December 31, 2006.
(b) Positions, or portions thereof, with an aggregate market value of
$22,742,527 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 December 31,
2006, the aggregate market value of these securities amounted to
$45,239,811 or 26.1% 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 0.03% of net assets as of December
31, 2006, is considered illiquid and restricted. Security is in default, is
non-income producing, and valued at fair value.
Acquisition Acquisition Market Percentage of
Restricted Security Date Cost Value Net Assets
------------------------------------------------------------------------------------
Russell-Stanley Holdings, Inc. 2/26/99 $5,111,352 $45,674 0.03%
9.00%, 11/30/08
(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.
15
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
----------- ----------------------
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
16
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: February 22, 2007
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: February 22, 2007
By: /s/ Joseph J. Mantineo
-------------------------------------
Joseph J. Mantineo
Treasurer and Chief Financial Officer
Date: February 22, 2007
17