AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 29, 2013 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 31, 2012.
| AllianceBernstein National Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.32% |
| 2) Metropolitan Trnsp Auth NY (Metro Trnsp Auth Ny Ded Tax) Series 2012A 5.00%, 11/15/28 |
2.83% |
| 3) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.57% |
| 4) Washington Fed Hwy Grant Series 2012F 5.00%, 9/01/24 |
2.54% |
| 5) Metro Atlanta Rapid Tran Auth GA 5.00%, 7/01/27 |
2.17% |
| 6) Harris City TX Toll Road (Harris Cnty Tx Toll Road) Series 2012 5.00%, 8/15/30 |
2.00% |
| 7) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.75% |
| 8) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26 |
1.68% |
| 9) New York NY Trnsl Fin Auth Series 2011B 5.00%, 2/01/26 |
1.65% |
| 10) San Francisco City/Cnty CA Pub Util Wtr 5.00%, 11/01/27 |
1.35% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
9.99% |
| Revenue - Miscellaneous |
8.06% |
| Toll Roads/Transit |
7.10% |
| Higher Education - Public |
3.88% |
| Airport |
3.38% |
| Health Care - Not-for-Profit |
3.31% |
| Electric Utility |
3.26% |
| Industrial Development - Utility |
1.71% |
| Higher Education - Private |
1.56% |
| Primary/Secondary Ed. - Private |
0.83% |
| Senior Living |
0.83% |
| Prepay Energy |
0.68% |
| Primary/Secondary Ed. - Public |
0.47% |
| SUBTOTAL |
45.06% |
| Tax Supported |
|
| Special Tax |
18.84% |
| Local G.O. |
11.50% |
| State G.O. |
5.16% |
| Tax-Supported Local Lease |
3.34% |
| Assessment District |
2.63% |
| State Lease |
1.75% |
| Tax-Supported State Lease |
1.48% |
| SUBTOTAL |
44.70% |
| Prerefunded/ETM |
4.01% |
| Insured/Guaranteed |
|
| Insured |
2.51% |
| Guaranteed |
1.48% |
| SUBTOTAL |
3.99% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.62% |
| Housing - Single Family |
0.62% |
| SUBTOTAL |
2.24% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| Texas |
19.03% |
| New York |
16.30% |
| California |
12.77% |
| Florida |
6.73% |
| Washington |
4.83% |
| Michigan |
4.56% |
| Louisiana |
4.19% |
| Illinois |
4.12% |
| South Carolina |
3.53% |
| Colorado |
2.69% |
| Georgia |
2.17% |
| Ohio |
1.73% |
| New Jersey |
1.70% |
| Oregon |
1.53% |
| Pennsylvania |
1.42% |
| Hawaii |
1.41% |
| Alaska |
1.39% |
| Puerto Rico |
1.24% |
| Alabama |
1.16% |
| Nevada |
1.06% |
| Wisconsin |
0.98% |
| Arizona |
0.86% |
| Rhode Island |
0.83% |
| North Carolina |
0.60% |
| Mississippi |
0.55% |
| Virginia |
0.51% |
| Tennessee |
0.37% |
| Maine |
0.34% |
| Indiana |
0.32% |
| Missouri |
0.30% |
| Massachusetts |
0.29% |
| Kansas |
0.20% |
| Minnesota |
0.17% |
| New Hampshire |
0.12% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
20.96% |
| AA |
51.26% |
| A |
11.82% |
| BBB |
8.35% |
| BB |
0.28% |
| B |
0.43% |
| Not Rated |
2.89% |
| Pre-refunded Bonds |
4.01% |
| Total Investments |
100.00% |
| Bonds By Maturity |
|
| Portfolio % |
|
| Less than 1 year |
1.64% |
| 1 to 5 years |
2.43% |
| 5 to 10 years |
9.01% |
| 10 to 20 years |
79.38% |
| 20 to 30 years |
7.54% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
15.63% |
| Average Coupon: |
5.55% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.60% |
| Preferred Stock: |
35.73% |
| Tender Option Bonds: |
6.31% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
43.64%* |
| Average Effective Maturity: |
6.13 Years |
| Effective Duration: |
5.46 Years |
| Total Net Assets: |
$677.96 Million** |
| Common Stock Net Asset Value: |
$15.16 |
| Number of Holdings: |
191 |
| Portfolio Turnover: |
28% |
* The total percentage of leverage constitutes 6.31% through the use of tender option bonds, 35.73% in issued and outstanding preferred stock and 1.60% 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.
Share this article