AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 21, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of July 31, 2015.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.24% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.74% |
3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.32% |
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.18% |
5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.71% |
6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.70% |
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.49% |
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 |
1.34% |
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 |
8.28% |
Airport |
7.44% |
Toll Roads/Transit |
6.98% |
Health Care - Not-for-Profit |
6.93% |
Water & Sewer |
6.23% |
Electric Utility |
4.94% |
Revenue - Miscellaneous |
2.96% |
Industrial Development - Utility |
1.72% |
Higher Education - Private |
1.15% |
Prepay Energy |
0.70% |
Senior Living |
0.69% |
Primary/Secondary Ed. - Public |
0.35% |
SUBTOTAL |
48.37% |
Tax Supported |
|
Special Tax |
20.59% |
Local G.O. |
8.52% |
State G.O. |
5.55% |
Tax-Supported State Lease |
2.65% |
Tax-Supported Local Lease |
2.47% |
State Lease |
1.71% |
Assessment District |
1.26% |
SUBTOTAL |
42.75% |
Prerefunded/ETM |
7.79% |
Insured/Guaranteed |
|
Guaranteed |
0.94% |
SUBTOTAL |
0.94% |
Cash Equivalents |
|
Investment Companies |
0.15% |
SUBTOTAL |
0.15% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
16.04% |
New York |
15.19% |
Texas |
13.28% |
Connecticut |
5.19% |
Michigan |
5.07% |
Florida |
4.99% |
Illinois |
4.90% |
New Jersey |
4.23% |
Pennsylvania |
4.14% |
Massachusetts |
4.09% |
Colorado |
3.48% |
Washington |
2.58% |
Louisiana |
1.93% |
North Carolina |
1.73% |
Tennessee |
1.54% |
Ohio |
1.30% |
Kentucky |
1.25% |
Alabama |
0.96% |
South Carolina |
0.88% |
Oregon |
0.88% |
District of Columbia |
0.85% |
Hawaii |
0.81% |
Indiana |
0.79% |
Georgia |
0.78% |
Arizona |
0.70% |
Mississippi |
0.59% |
Missouri |
0.32% |
Arkansas |
0.32% |
Alaska |
0.29% |
Maryland |
0.27% |
Oklahoma |
0.26% |
Wisconsin |
0.22% |
Other |
0.15% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
14.91% |
AA |
51.33% |
A |
15.84% |
BBB |
8.20% |
B |
0.25% |
Not Rated |
1.53% |
Pre-refunded Bonds |
7.79% |
Short Term Investments |
0.15% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
1.75% |
1 to 5 years |
5.60% |
5 to 10 years |
11.25% |
10 to 20 years |
68.42% |
20 to 30 years |
12.77% |
More than 30 years |
0.21% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.98% |
Average Coupon: |
5.36% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
2.22% |
Preferred Stock: |
37.53% |
Tender Option Bonds: |
6.67% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
46.42%* |
Average Effective Maturity: |
6.09 Years |
Effective Duration: |
5.43 Years |
Total Net Assets: |
$657.28 Million** |
Common Stock Net Asset Value: |
$14.44 |
Number of Holdings: |
171 |
Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 6.67% through the use |
|
of tender option bonds, 37.53% in issued and outstanding preferred |
|
stock and 2.22% 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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