AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 27, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 2014.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.17% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.52% |
3) State of Connecticut Special Tax Revenue 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 |
1.69% |
6) Triborough Bridge & Tunnel Authority Series 2011A 5.00%, 1/01/26 |
1.64% |
7) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.64% |
8) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.43% |
9) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.30% |
10) Fort Bend Independent School District Series 2009 5.00%, 2/15/27 |
1.23% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Toll Roads/Transit |
10.21% |
Higher Education - Public |
7.85% |
Water & Sewer |
6.99% |
Airport |
6.52% |
Electric Utility |
5.52% |
Revenue - Miscellaneous |
3.09% |
Higher Education - Private |
2.02% |
Health Care - Not-for-Profit |
1.85% |
Industrial Development - Utility |
1.74% |
Primary/Secondary Ed. - Private |
0.82% |
Prepay Energy |
0.69% |
Senior Living |
0.66% |
Primary/Secondary Ed. - Public |
0.38% |
SUBTOTAL |
48.34% |
Tax Supported |
|
Special Tax |
22.04% |
Local G.O. |
8.48% |
State G.O. |
4.78% |
Tax-Supported State Lease |
2.29% |
Tax-Supported Local Lease |
1.73% |
State Lease |
1.69% |
Assessment District |
1.51% |
SUBTOTAL |
42.52% |
Prerefunded/ETM |
5.27% |
Asset-Backed |
|
Housing - Multi-Family |
1.78% |
SUBTOTAL |
1.78% |
Insured/Guaranteed |
|
Guaranteed |
0.90% |
Insured |
0.71% |
SUBTOTAL |
1.61% |
Cash Equivalents |
|
Investment Companies |
0.48% |
SUBTOTAL |
0.48% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
16.45% |
California |
15.28% |
Texas |
13.68% |
Illinois |
5.86% |
Connecticut |
5.02% |
Michigan |
4.81% |
Florida |
4.59% |
Massachusetts |
3.92% |
Colorado |
3.64% |
Pennsylvania |
2.39% |
Louisiana |
2.35% |
Washington |
2.28% |
North Carolina |
2.07% |
South Carolina |
2.02% |
New Jersey |
1.91% |
Oregon |
1.51% |
Ohio |
1.38% |
Alabama |
1.14% |
Minnesota |
0.92% |
Virginia |
0.87% |
Rhode Island |
0.82% |
Kentucky |
0.82% |
District of Columbia |
0.82% |
Missouri |
0.79% |
Hawaii |
0.77% |
Wisconsin |
0.76% |
Georgia |
0.75% |
Arizona |
0.69% |
Mississippi |
0.56% |
Tennessee |
0.37% |
Alaska |
0.28% |
Other |
0.48% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
17.71% |
AA |
54.53% |
A |
14.61% |
BBB |
5.34% |
B |
0.27% |
Not Rated |
1.79% |
Pre-refunded Bonds |
5.27% |
Short Term Investments |
0.48% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
2.63% |
1 to 5 years |
4.19% |
5 to 10 years |
11.81% |
10 to 20 years |
73.88% |
20 to 30 years |
6.09% |
More than 30 years |
1.40% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.05% |
Average Coupon: |
5.61% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
1.50% |
Preferred Stock: |
36.45% |
Tender Option Bonds: |
6.22% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.17%* |
Average Effective Maturity: |
6.10 Years |
Effective Duration: |
5.41 Years |
Total Net Assets: |
$663.25 Million** |
Common Stock Net Asset Value: |
$14.65 |
Number of Holdings: |
174 |
Portfolio Turnover: |
41% |
* The total percentage of leverage constitutes 6.22% through the use |
|
of tender option bonds, 36.45% in issued and outstanding preferred |
|
stock and 1.50% 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-879019454.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
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