AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 23, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31, 2015.
AllianceBernstein National Municipal Income Fund, Inc. |
||
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) |
Texas Trnsp Comm 5.00%, 4/01/23 |
3.12% |
2) |
Wayne State University Series 2009A 5.00%, 11/15/29 |
2.64% |
3) |
State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.28% |
4) |
Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.15% |
5) |
Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.66% |
6) |
Univ of Illinois AGM 5.25%, 10/01/26 |
1.65% |
7) |
City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% |
8) |
Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
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) |
Port Authority of New York & New Jersey Series 2014186 5.00%, 10/15/44 |
1.28% |
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Higher Education - Public |
8.04% |
|
Toll Roads/Transit |
7.58% |
|
Health Care - Not-for-Profit |
7.43% |
|
Water & Sewer |
7.10% |
|
Airport |
6.72% |
|
Electric Utility |
4.43% |
|
Revenue - Miscellaneous |
3.09% |
|
Higher Education - Private |
1.79% |
|
Industrial Development - Utility |
1.76% |
|
Prepay Energy |
0.69% |
|
Senior Living |
0.67% |
|
Primary/Secondary Ed. - Public |
0.34% |
|
SUBTOTAL |
49.64% |
|
Tax Supported |
||
Special Tax |
21.29% |
|
Local G.O. |
7.49% |
|
State G.O. |
5.03% |
|
Tax-Supported State Lease |
2.62% |
|
Tax-Supported Local Lease |
1.84% |
|
State Lease |
1.65% |
|
Assessment District |
1.51% |
|
SUBTOTAL |
41.43% |
|
Prerefunded/ETM |
6.35% |
|
Insured/Guaranteed |
||
Guaranteed |
0.93% |
|
Insured |
0.71% |
|
SUBTOTAL |
1.64% |
|
Asset-Backed |
||
Housing - Multi-Family |
0.55% |
|
SUBTOTAL |
0.55% |
|
Cash Equivalents |
||
Investment Companies |
0.39% |
|
SUBTOTAL |
0.39% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
California |
16.39% |
|
New York |
16.09% |
|
Texas |
12.67% |
|
Illinois |
5.92% |
|
Michigan |
5.61% |
|
Connecticut |
5.11% |
|
Florida |
4.99% |
|
New Jersey |
4.27% |
|
Massachusetts |
4.01% |
|
Colorado |
3.30% |
|
Washington |
2.33% |
|
Louisiana |
2.32% |
|
Pennsylvania |
1.94% |
|
North Carolina |
1.70% |
|
Tennessee |
1.54% |
|
Oregon |
1.51% |
|
Ohio |
1.36% |
|
South Carolina |
1.31% |
|
Wisconsin |
0.92% |
|
Alabama |
0.92% |
|
Kentucky |
0.84% |
|
District of Columbia |
0.83% |
|
Hawaii |
0.80% |
|
Georgia |
0.77% |
|
Arizona |
0.69% |
|
Mississippi |
0.56% |
|
Arkansas |
0.32% |
|
Missouri |
0.31% |
|
Alaska |
0.28% |
|
Other |
0.39% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
17.71% |
|
AA |
48.52% |
|
A |
17.13% |
|
BBB |
7.89% |
|
B |
0.23% |
|
Not Rated |
1.78% |
|
Pre-refunded Bonds |
6.35% |
|
Short Term Investments |
0.39% |
|
Total Investments |
100.00% |
|
Bonds By Maturity |
Portfolio % |
|
Less than 1 year |
2.65% |
|
1 to 5 years |
5.27% |
|
5 to 10 years |
11.59% |
|
10 to 20 years |
67.04% |
|
20 to 30 years |
13.24% |
|
More than 30 years |
0.21% |
|
Other |
0.00% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
||
AMT Percentage: |
8.77% |
|
Average Coupon: |
5.42% |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
1.02% |
|
Preferred Stock: |
35.82% |
|
Tender Option Bonds: |
6.11% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
42.95%* |
|
Average Effective Maturity: |
6.28 Years |
|
Effective Duration: |
5.55 Years |
|
Total Net Assets: |
$680.15 Million** |
|
Common Stock Net Asset Value: |
$15.23 |
|
Number of Holdings: |
170 |
|
Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 6.11% through the use of tender option bonds, 35.82% in issued and outstanding preferred stock and 1.02% 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.
Related Links
http://www.alliancebernstein.com
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