AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
Dec 24, 2012, 16:06 ET from AllianceBernstein National Municipal Income Fund, Inc.
NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 30, 2012.
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AllianceBernstein National Municipal Income Fund, Inc. | ||||
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Top 10 Fixed-Income Holdings | ||||
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Portfolio % | ||||
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1) |
Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.21% | ||
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2) |
Metropolitan Trnsp Auth NY (Metro Trnsp Auth |
2.78% | ||
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Ny Ded Tax) Series 2012A 5.00%, 11/15/28 |
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3) |
Wayne State Univ MI Series 2009 5.00%, |
2.51% | ||
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11/15/29 |
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4) |
Washington Fed Hwy Grant Series 2012F |
2.49% | ||
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5.00%, 9/01/24 |
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5) |
Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.13% | ||
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7/01/27 |
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6) |
Harris City TX Toll Road (Harris Cnty Tx Toll |
1.96% | ||
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Road) Series 2012 5.00%, 8/15/30 |
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7) |
Triborough Brdg & Tunl Auth NY 5.00%, |
1.65% | ||
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1/01/26 |
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8) |
New York NY Trnsl Fin Auth Series 2011B |
1.63% | ||
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5.00%, 2/01/26 |
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9) |
Univ of Illinois AGM Series 07A 5.25%, |
1.62% | ||
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10/01/26 |
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10) |
Univ of Illinois AGM Series 07A 5.25%, |
1.62% | ||
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10/01/26 |
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Sector/Industry Breakdown | ||||
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Portfolio % | ||||
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Tax Supported | ||||
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Special Tax |
18.46% | |||
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Local G.O. |
11.24% | |||
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State G.O. |
5.01% | |||
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State Lease |
3.23% | |||
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Tax-Supported Local Lease |
3.22% | |||
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Assessment District |
2.73% | |||
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Tax-Supported State Lease |
1.44% | |||
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SUBTOTAL |
45.33% | |||
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Revenue |
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Water & Sewer |
9.81% | |||
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Revenue - Miscellaneous |
7.07% | |||
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Toll Roads/Transit |
6.73% | |||
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Airport |
4.08% | |||
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Higher Education - Public |
3.78% | |||
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Electric Utility |
3.39% | |||
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Health Care - Not-for-Profit |
3.19% | |||
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Industrial Development - Utility |
2.30% | |||
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Higher Education - Private |
1.50% | |||
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Primary/Secondary Ed. - Private |
0.80% | |||
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Senior Living |
0.80% | |||
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Prepay Energy |
0.65% | |||
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Primary/Secondary Ed. - Public |
0.48% | |||
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SUBTOTAL |
44.58% | |||
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Prerefunded/ETM |
4.03% | |||
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Insured/Guaranteed |
||||
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Insured |
2.41% | |||
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Guaranteed |
1.44% | |||
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SUBTOTAL |
3.85% | |||
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Asset-Backed |
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Housing - Multi-Family |
1.56% | |||
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Housing - Single Family |
0.65% | |||
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SUBTOTAL |
2.21% | |||
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Total |
100.00% | |||
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State Breakdown |
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Portfolio % | ||||
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Texas |
18.48% | |||
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New York |
16.04% | |||
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California |
11.60% | |||
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Florida |
7.72% | |||
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Illinois |
5.72% | |||
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Michigan |
5.11% | |||
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Washington |
4.73% | |||
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Louisiana |
4.15% | |||
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South Carolina |
3.44% | |||
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Colorado |
2.64% | |||
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Georgia |
2.13% | |||
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Ohio |
1.68% | |||
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New Jersey |
1.66% | |||
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Oregon |
1.48% | |||
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Hawaii |
1.37% | |||
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Alaska |
1.34% | |||
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Puerto Rico |
1.23% | |||
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Pennsylvania |
1.14% | |||
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Alabama |
1.12% | |||
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Nevada |
1.01% | |||
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Wisconsin |
0.94% | |||
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Arizona |
0.83% | |||
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Rhode Island |
0.80% | |||
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North Carolina |
0.58% | |||
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Mississippi |
0.53% | |||
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Virginia |
0.49% | |||
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Tennessee |
0.36% | |||
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Maine |
0.33% | |||
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Indiana |
0.31% | |||
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Missouri |
0.30% | |||
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Massachusetts |
0.28% | |||
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Kansas |
0.19% | |||
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Minnesota |
0.16% | |||
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New Hampshire |
0.11% | |||
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Total Investments |
100.00% | |||
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Credit Quality Breakdown |
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Portfolio % | ||||
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AAA |
22.00% | |||
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AA |
50.16% | |||
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A |
12.43% | |||
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BBB |
7.65% | |||
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BB |
0.27% | |||
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B |
0.41% | |||
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Not Rated |
3.05% | |||
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Pre-refunded Bonds |
4.03% | |||
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Total Investments |
100.00% | |||
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Portfolio Statistics: |
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AMT Percentage: |
16.13% | |||
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Average Coupon: |
5.72% | |||
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% | |||
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Investment Operations: |
3.08% | |||
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Preferred Stock: |
35.05% | |||
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Tender Option Bonds: |
6.19% | |||
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Term Asset-Backed Loans Facility (TALF): |
0.00% | |||
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Total Fund Leverage: |
44.32%* | |||
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Average Effective Maturity: |
6.13 Years | |||
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Effective Duration: |
5.47 Years | |||
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Total Net Assets: |
$691.00 Million** | |||
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Common Stock Net Asset Value: |
$15.62 | |||
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Number of Holdings: |
193 | |||
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Portfolio Turnover: |
10% | |||
* The total percentage of leverage constitutes 6.19% through the use of tender option bonds, 35.05% in issued and outstanding preferred stock and 3.08% 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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