AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 24, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of October 31, 2014.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.23% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.72% |
3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.30% |
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.15% |
5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.73% |
6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.68% |
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% |
8) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.32% |
9) Port Authority of New York & New Jersey Series 20141 5.00%, 10/15/44 |
1.26% |
10) Fort Bend Independent School District Series 2009 5.00%, 2/15/27 |
1.26% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Toll Roads/Transit |
8.92% |
Higher Education - Public |
8.20% |
Airport |
7.69% |
Water & Sewer |
7.15% |
Electric Utility |
4.97% |
Revenue - Miscellaneous |
3.17% |
Higher Education - Private |
1.82% |
Industrial Development - Utility |
1.78% |
Health Care - Not-for-Profit |
1.53% |
Primary/Secondary Ed. - Private |
0.84% |
Prepay Energy |
0.71% |
Senior Living |
0.68% |
Primary/Secondary Ed. - Public |
0.39% |
SUBTOTAL |
47.85% |
Tax Supported |
|
Special Tax |
21.88% |
Local G.O. |
8.66% |
State G.O. |
4.92% |
Tax-Supported State Lease |
3.51% |
State Lease |
1.73% |
Assessment District |
1.56% |
Tax-Supported Local Lease |
0.96% |
SUBTOTAL |
43.22% |
Prerefunded/ETM |
5.45% |
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 |
16.35% |
California |
15.68% |
Texas |
13.27% |
Illinois |
6.00% |
Connecticut |
5.15% |
Michigan |
5.08% |
Florida |
4.13% |
Massachusetts |
4.01% |
Colorado |
3.38% |
New Jersey |
3.28% |
Louisiana |
2.39% |
Washington |
2.33% |
Pennsylvania |
2.20% |
North Carolina |
2.12% |
Oregon |
1.55% |
Ohio |
1.36% |
South Carolina |
1.36% |
Alabama |
1.17% |
Virginia |
0.89% |
Kentucky |
0.84% |
Rhode Island |
0.84% |
District of Columbia |
0.83% |
Missouri |
0.81% |
Hawaii |
0.79% |
Wisconsin |
0.78% |
Georgia |
0.77% |
Arizona |
0.71% |
Minnesota |
0.69% |
Mississippi |
0.57% |
Tennessee |
0.38% |
Alaska |
0.29% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
18.08% |
AA |
53.17% |
A |
15.54% |
BBB |
5.63% |
B |
0.28% |
Not Rated |
1.85% |
Pre-refunded Bonds |
5.45% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
1.58% |
1 to 5 years |
5.02% |
5 to 10 years |
11.99% |
10 to 20 years |
72.44% |
20 to 30 years |
7.53% |
More than 30 years |
1.44% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.13% |
Average Coupon: |
5.42% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Preferred Stock: |
37.01% |
Tender Option Bonds: |
6.31% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
43.32%* |
Average Effective Maturity: |
6.07 Years |
Effective Duration: |
5.38 Years |
Total Net Assets: |
$667.31 Million** |
Common Stock Net Asset Value: |
$14.79 |
Number of Holdings: |
166 |
Portfolio Turnover: |
41% |
* The total percentage of leverage constitutes 6.31% through the use |
|
of tender option bonds, 37.01% 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. |
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-300000543.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
Related Links
http://www.alliancebernstein.com
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