AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 26, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of November 30, 2014.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.15% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.66% |
3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.25% |
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.09% |
5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.68% |
6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.63% |
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.42% |
8) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.40% |
9) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.29% |
10) Port Authority of New York & New Jersey Series 20141 5.00%, 10/15/44 |
1.24% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Higher Education - Public |
7.97% |
Toll Roads/Transit |
7.58% |
Water & Sewer |
6.98% |
Airport |
6.45% |
Health Care - Not-for-Profit |
5.40% |
Electric Utility |
4.33% |
Revenue - Miscellaneous |
3.10% |
Higher Education - Private |
1.78% |
Industrial Development - Utility |
1.75% |
Primary/Secondary Ed. - Private |
0.82% |
Prepay Energy |
0.69% |
Senior Living |
0.67% |
Primary/Secondary Ed. - Public |
0.36% |
SUBTOTAL |
47.88% |
Tax Supported |
|
Special Tax |
20.86% |
Local G.O. |
8.36% |
State G.O. |
4.94% |
Tax-Supported State Lease |
2.58% |
Tax-Supported Local Lease |
1.79% |
State Lease |
1.68% |
Assessment District |
1.53% |
SUBTOTAL |
41.74% |
Prerefunded/ETM |
5.83% |
Asset-Backed |
|
Housing - Multi-Family |
1.78% |
SUBTOTAL |
1.78% |
Insured/Guaranteed |
|
Guaranteed |
0.91% |
Insured |
0.71% |
SUBTOTAL |
1.62% |
Cash Equivalents |
|
Investment Companies |
1.15% |
SUBTOTAL |
1.15% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
16.08% |
New York |
15.83% |
Texas |
12.97% |
Florida |
5.75% |
Illinois |
5.14% |
Connecticut |
5.02% |
Michigan |
4.95% |
New Jersey |
4.18% |
Massachusetts |
3.92% |
Colorado |
3.30% |
Louisiana |
2.35% |
Washington |
2.31% |
Pennsylvania |
1.88% |
North Carolina |
1.67% |
Oregon |
1.51% |
Tennessee |
1.49% |
Ohio |
1.34% |
South Carolina |
1.33% |
Alabama |
0.93% |
Kentucky |
0.82% |
Rhode Island |
0.82% |
District of Columbia |
0.82% |
Hawaii |
0.77% |
Wisconsin |
0.76% |
Georgia |
0.76% |
Arizona |
0.69% |
Mississippi |
0.56% |
Missouri |
0.31% |
Arkansas |
0.31% |
Alaska |
0.28% |
Other |
1.15% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
17.65% |
AA |
50.00% |
A |
15.54% |
BBB |
7.76% |
B |
0.26% |
Not Rated |
1.81% |
Pre-refunded Bonds |
5.83% |
Short Term Investments |
1.15% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
2.69% |
1 to 5 years |
5.41% |
5 to 10 years |
11.76% |
10 to 20 years |
67.36% |
20 to 30 years |
12.27% |
More than 30 years |
0.51% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.27% |
Average Coupon: |
5.57% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
2.55% |
Preferred Stock: |
36.12% |
Tender Option Bonds: |
6.16% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.83%* |
Average Effective Maturity: |
6.22 Years |
Effective Duration: |
5.50 Years |
Total Net Assets: |
$665.99 Million** |
Common Stock Net Asset Value: |
$14.74 |
Number of Holdings: |
166 |
Portfolio Turnover: |
41% |
* The total percentage of leverage constitutes 6.16% through the use of tender option bonds, 36.12% in issued and outstanding preferred stock and 2.55% 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-300014060.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article