AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of October 31, 2015.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.13% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.66% |
3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.27% |
4) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2011B 5.00%, 10/15/32 |
2.16% |
5) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.68% |
6) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% |
7) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.42% |
8) Port Authority of New York & New Jersey Series 2014186 5.00%, 10/15/44 |
1.26% |
9) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012B 5.00%, 3/15/32 |
1.24% |
10) Fort Bend Independent School District Series 2009 5.00%, 2/15/27 |
1.24% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Health Care - Not-for-Profit |
9.90% |
Toll Roads/Transit |
7.61% |
Higher Education - Public |
7.06% |
Airport |
7.00% |
Water & Sewer |
5.97% |
Electric Utility |
3.97% |
Revenue - Miscellaneous |
3.75% |
Higher Education - Private |
1.12% |
Industrial Development - Utility |
1.09% |
Port |
0.77% |
Prepay Energy |
0.69% |
Senior Living |
0.42% |
Primary/Secondary Ed. - Public |
0.34% |
SUBTOTAL |
49.69% |
Tax Supported |
|
Special Tax |
17.81% |
Local G.O. |
7.86% |
State G.O. |
6.46% |
Tax-Supported State Lease |
2.57% |
Tax-Supported Local Lease |
2.41% |
Assessment District |
1.22% |
SUBTOTAL |
38.33% |
Prerefunded/ETM |
7.23% |
Note/VRDBs |
|
Money Market |
3.13% |
SUBTOTAL |
3.13% |
Insured/Guaranteed |
|
Guaranteed |
0.91% |
Insured |
0.71% |
SUBTOTAL |
1.62% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
16.51% |
California |
15.72% |
Texas |
13.11% |
Florida |
5.70% |
Connecticut |
5.09% |
Pennsylvania |
4.95% |
Michigan |
4.94% |
New Jersey |
4.13% |
Illinois |
3.78% |
Colorado |
3.38% |
Massachusetts |
3.37% |
Louisiana |
1.88% |
Washington |
1.63% |
Tennessee |
1.50% |
North Carolina |
1.38% |
Hawaii |
1.31% |
Kentucky |
1.24% |
Ohio |
1.09% |
Maryland |
1.03% |
South Carolina |
1.01% |
Alabama |
0.93% |
Oregon |
0.86% |
District of Columbia |
0.84% |
Indiana |
0.78% |
Georgia |
0.76% |
Arizona |
0.69% |
Mississippi |
0.57% |
Minnesota |
0.44% |
Arkansas |
0.31% |
Missouri |
0.31% |
Alaska |
0.29% |
Oklahoma |
0.26% |
Wisconsin |
0.21% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
15.29% |
AA |
47.31% |
A |
19.04% |
BBB |
9.42% |
B |
0.24% |
Not Rated |
1.47% |
Pre-refunded Bonds |
7.23% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.00% |
1 to 5 years |
0.75% |
5 to 10 years |
12.81% |
10 to 20 years |
67.76% |
20 to 30 years |
17.83% |
More than 30 years |
0.85% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.98% |
Average Coupon: |
5.40% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
21.48% |
Preferred Stock: |
14.21% |
Tender Option Bonds: |
7.79% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
43.48%* |
Average Effective Maturity: |
6.32 Years |
Effective Duration: |
5.61 Years |
Total Net Assets: |
$519.65 Million** |
Common Stock Net Asset Value: |
$14.87 |
Number of Holdings: |
175 |
Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 7.79% through the use |
|
of tender option bonds, 14.21% in issued and outstanding preferred |
|
stock and 21.48% 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.
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