AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2012.
AllianceBernstein National Municipal Income Fund, Inc. |
||||||
Top 10 Fixed-Income Holdings |
||||||
Portfolio % |
||||||
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.13% |
|||||
2) Wayne State Univ MI Series 2009 5.00%, |
2.38% |
|||||
11/15/29 |
||||||
3) Washington Fed Hwy Grant Series 2012F |
2.37% |
|||||
5.00%, 9/01/24 |
||||||
4) Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.03% |
|||||
7/01/27 |
||||||
5) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) |
1.97% |
|||||
NPFGC Series A 5.375%, 1/01/32 |
||||||
6) Triborough Brdg & Tunl Auth NY 5.00%, |
1.57% |
|||||
1/01/26 |
||||||
7) Univ of Illinois AGM Series 07A 5.25%, |
1.56% |
|||||
10/01/26 |
||||||
8) New York NY Trnsl Fin Auth Series 2011B |
1.56% |
|||||
5.00%, 2/01/26 |
||||||
9) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.32% |
|||||
5.25%, 7/01/33 (Prerefunded/ETM) |
||||||
10) Twenty Fifth Ave Pptys WA NPFGC Series 02 |
1.28% |
|||||
5.25%, 6/01/33 (Prerefunded/ETM) |
||||||
Sector/Industry Breakdown |
||||||
Portfolio % |
||||||
Revenue |
||||||
Water & Sewer |
7.05% |
|||||
Airport |
6.97% |
|||||
Health Care - Not-for-Profit |
5.60% |
|||||
Revenue - Miscellaneous |
5.01% |
|||||
Higher Education - Public |
3.63% |
|||||
Electric Utility |
3.30% |
|||||
Industrial Development - Utility |
2.30% |
|||||
Toll Roads/Transit |
2.16% |
|||||
Industrial Development - Industry |
1.51% |
|||||
Higher Education - Private |
1.45% |
|||||
Industrial Development - Airline |
1.25% |
|||||
Primary/Secondary Ed. - Private |
0.79% |
|||||
Senior Living |
0.77% |
|||||
Prepay Energy |
0.60% |
|||||
Primary/Secondary Ed. - Public |
0.46% |
|||||
SUBTOTAL |
42.85% |
|||||
Tax Supported |
||||||
Special Tax |
15.23% |
|||||
Local G.O. |
10.45% |
|||||
State G.O. |
5.02% |
|||||
Assessment District |
3.49% |
|||||
Tax-Supported Local Lease |
3.16% |
|||||
State Lease |
1.56% |
|||||
Tax-Supported State Lease |
1.40% |
|||||
SUBTOTAL |
40.31% |
|||||
Prerefunded/ETM |
10.63% |
|||||
Insured/Guaranteed |
||||||
Insured |
2.39% |
|||||
Guaranteed |
1.39% |
|||||
SUBTOTAL |
3.78% |
|||||
Asset-Backed |
||||||
Housing - Multi-Family |
1.75% |
|||||
Housing - Single Family |
0.68% |
|||||
SUBTOTAL |
2.43% |
|||||
Total |
100.00% |
|||||
State Breakdown |
||||||
Portfolio % |
||||||
Texas |
18.35% |
|||||
California |
11.35% |
|||||
New York |
10.85% |
|||||
Illinois |
6.75% |
|||||
Florida |
5.87% |
|||||
Washington |
5.82% |
|||||
Michigan |
4.91% |
|||||
Louisiana |
4.00% |
|||||
South Carolina |
3.33% |
|||||
Colorado |
2.58% |
|||||
Alabama |
2.43% |
|||||
Georgia |
2.36% |
|||||
Ohio |
1.65% |
|||||
Pennsylvania |
1.63% |
|||||
Indiana |
1.63% |
|||||
Nevada |
1.61% |
|||||
Virginia |
1.61% |
|||||
Oregon |
1.44% |
|||||
Alaska |
1.35% |
|||||
Hawaii |
1.32% |
|||||
Puerto Rico |
1.31% |
|||||
Massachusetts |
1.01% |
|||||
Wisconsin |
0.98% |
|||||
Rhode Island |
0.79% |
|||||
Arizona |
0.77% |
|||||
New Jersey |
0.76% |
|||||
North Carolina |
0.57% |
|||||
Mississippi |
0.53% |
|||||
District of Columbia |
0.46% |
|||||
Missouri |
0.37% |
|||||
Tennessee |
0.35% |
|||||
Maine |
0.32% |
|||||
North Dakota |
0.29% |
|||||
Utah |
0.20% |
|||||
Kansas |
0.18% |
|||||
Minnesota |
0.16% |
|||||
New Hampshire |
0.11% |
|||||
Total Investments |
100.00% |
|||||
Credit Quality Breakdown |
||||||
Portfolio % |
||||||
AAA |
20.82% |
|||||
AA |
37.69% |
|||||
A |
16.73% |
|||||
BBB |
10.71% |
|||||
B |
0.40% |
|||||
Not Rated |
3.02% |
|||||
Pre-refunded Bonds |
10.63% |
|||||
Total Investments |
100.00% |
|||||
Portfolio Statistics: |
||||||
AMT Percentage: |
18.33% |
|||||
Average Coupon: |
6.01 |
|||||
Percentage of Leverage: |
||||||
Bank Borrowing: |
0.00% |
|||||
Investment Operations: |
8.18% |
|||||
Preferred Stock: |
35.96% |
|||||
Tender Option Bonds: |
6.35% |
|||||
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|||||
Total Fund Leverage: |
50.49%* |
|||||
Average Effective Maturity: |
5.02 Years |
|||||
Effective Duration: |
4.54 Years |
|||||
Total Net Assets: |
$673.59 Million** |
|||||
Common Stock Net Asset Value: |
$15.02 |
|||||
Number of Holdings: |
211 |
|||||
Portfolio Turnover: |
10 |
|||||
* The total percentage of leverage constitutes 6.35% through the use of tender option bonds, 35.96% in issued and outstanding preferred stock and 8.18% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** Includes 242,225,000 of preferred stock at liquidation value.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article