AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 3, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of August 31, 2014.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.25% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.59% |
3) State of Connecticut Special Tax Revenue 5.00%, 1/01/29 |
2.31% |
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.14% |
5) Univ of Illinois AGM 5.25%, |
1.74% |
6) Triborough Bridge & Tunnel Authority Series 2011A 5.00%, 1/01/26 |
1.69% |
7) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.68% |
8) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% |
9) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.32% |
10) Fort Bend Independent School District Series 2009 5.00%, 2/15/27 |
1.26% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Toll Roads/Transit |
10.47% |
Higher Education - Public |
8.03% |
Water & Sewer |
7.92% |
Airport |
5.71% |
Electric Utility |
5.17% |
Revenue - Miscellaneous |
3.14% |
Health Care - Not-for-Profit |
2.47% |
Higher Education - Private |
2.07% |
Industrial Development - Utility |
1.76% |
Primary/Secondary Ed. - Private |
0.84% |
Prepay Energy |
0.70% |
Senior Living |
0.66% |
Primary/Secondary Ed. - Public |
0.40% |
SUBTOTAL |
49.34% |
Tax Supported |
|
Special Tax |
21.34% |
Local G.O. |
8.69% |
State G.O. |
4.91% |
Tax-Supported State Lease |
2.35% |
Tax-Supported Local Lease |
1.78% |
State Lease |
1.74% |
Assessment District |
1.54% |
SUBTOTAL |
42.35% |
Prerefunded/ETM |
4.83% |
Asset-Backed |
|
Housing - Multi-Family |
1.82% |
SUBTOTAL |
1.82% |
Insured/Guaranteed |
|
Guaranteed |
0.93% |
Insured |
0.73% |
SUBTOTAL |
1.66% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
16.79% |
California |
15.64% |
Texas |
14.04% |
Illinois |
6.01% |
Michigan |
5.71% |
Connecticut |
5.16% |
Massachusetts |
4.01% |
Colorado |
3.72% |
Florida |
3.48% |
Pennsylvania |
2.45% |
Louisiana |
2.39% |
Washington |
2.35% |
North Carolina |
2.11% |
South Carolina |
2.07% |
New Jersey |
1.95% |
Oregon |
1.55% |
Ohio |
1.40% |
Alabama |
1.17% |
Virginia |
0.89% |
Rhode Island |
0.84% |
Kentucky |
0.84% |
District of Columbia |
0.84% |
Wisconsin |
0.78% |
Hawaii |
0.78% |
Georgia |
0.77% |
Arizona |
0.70% |
Mississippi |
0.57% |
Tennessee |
0.38% |
Missouri |
0.32% |
Alaska |
0.29% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
18.15% |
AA |
55.43% |
A |
13.49% |
BBB |
6.01% |
BB |
0.29% |
Not Rated |
1.80% |
Pre-refunded Bonds |
4.83% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
1.62% |
1 to 5 years |
3.38% |
5 to 10 years |
12.89% |
10 to 20 years |
73.95% |
20 to 30 years |
6.22% |
More than 30 years |
0.20% |
Other |
1.74% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
6.99% |
Average Coupon: |
5.44% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
37.88% |
Tender Option Bonds: |
6.46% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.34%* |
Average Maturity: |
5.99 Years |
Effective Duration: |
5.32 Years |
Total Net Assets: |
$664.53 Million** |
Common Stock Net Asset Value: |
$14.69 |
Number of Holdings: |
168 |
Portfolio Turnover: |
41% |
* The total percentage of leverage constitutes 6.46% through the use of tender option bonds, 37.88% in issued and outstanding preferred stock and 0.00% 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.
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