AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2015.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.18% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.68% |
3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.27% |
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.13% |
5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.69% |
6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.66% |
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.45% |
8) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.43% |
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 |
1.25% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Higher Education - Public |
8.08% |
Toll Roads/Transit |
7.36% |
Health Care - Not-for-Profit |
7.28% |
Water & Sewer |
7.21% |
Airport |
6.93% |
Electric Utility |
4.81% |
Revenue - Miscellaneous |
2.55% |
Industrial Development - Utility |
1.79% |
Higher Education - Private |
1.12% |
Prepay Energy |
0.71% |
Senior Living |
0.68% |
Industrial Development - Industry |
0.50% |
Primary/Secondary Ed. - Public |
0.36% |
SUBTOTAL |
49.38% |
Tax Supported |
|
Special Tax |
20.13% |
Local G.O. |
8.30% |
State G.O. |
4.98% |
Tax-Supported State Lease |
2.57% |
Tax-Supported Local Lease |
2.41% |
State Lease |
1.69% |
Assessment District |
1.37% |
SUBTOTAL |
41.45% |
Prerefunded/ETM |
7.37% |
Insured/Guaranteed |
|
Guaranteed |
0.91% |
Insured |
0.72% |
SUBTOTAL |
1.63% |
Cash Equivalents |
|
Investment Companies |
0.17% |
SUBTOTAL |
0.17% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
16.36% |
New York |
15.93% |
Texas |
12.83% |
Connecticut |
5.08% |
Michigan |
4.96% |
Illinois |
4.96% |
Florida |
4.89% |
New Jersey |
4.09% |
Pennsylvania |
4.04% |
Massachusetts |
3.99% |
Colorado |
3.40% |
Washington |
2.36% |
Louisiana |
2.05% |
North Carolina |
1.68% |
Tennessee |
1.51% |
Ohio |
1.38% |
South Carolina |
1.34% |
Kentucky |
1.23% |
Alabama |
0.94% |
Oregon |
0.85% |
District of Columbia |
0.83% |
Hawaii |
0.79% |
Indiana |
0.77% |
Georgia |
0.76% |
Arizona |
0.71% |
Mississippi |
0.57% |
Wisconsin |
0.36% |
Arkansas |
0.31% |
Missouri |
0.31% |
Alaska |
0.29% |
Oklahoma |
0.26% |
Other |
0.17% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
16.42% |
AA |
50.30% |
A |
15.94% |
BBB |
7.82% |
B |
0.24% |
Not Rated |
1.74% |
Pre-refunded Bonds |
7.37% |
Short Term Investments |
0.17% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
1.90% |
1 to 5 years |
5.81% |
5 to 10 years |
11.73% |
10 to 20 years |
67.65% |
20 to 30 years |
12.45% |
More than 30 years |
0.46% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.09% |
Average Coupon: |
5.40% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
2.75% |
Preferred Stock: |
37.52% |
Tender Option Bonds: |
6.40% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
46.67%* |
Average Effective Maturity: |
6.22 Years |
Effective Duration: |
5.55 Years |
Total Net Assets: |
$657.98 Million** |
Common Stock Net Asset Value: |
$14.46 |
Number of Holdings: |
174 |
Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 6.40% through the use of tender option bonds, 37.52% in issued and outstanding preferred stock and 2.75% 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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