AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 27, 2013 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2013.
| AllianceBernstein National Municipal Income Fund, Inc.
|
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.37% |
| 2) Wayne State Univ MI Series 2009 5.00%, |
2.67% |
| 11/15/29 |
|
| 3) Washington Fed Hwy Grant Series 2012F |
2.54% |
| 5.00%, 9/01/24 |
|
| 4) Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.19% |
| 7/01/27 |
|
| 5) Harris City TX Toll Road (Harris Cnty Tx Toll |
1.98% |
| Road) Series 2012 5.00%, 8/15/30 |
|
| 6) Univ of Illinois AGM 5.25%, 10/01/26 |
1.74% |
| 7) Triborough Brdg & Tunl Auth NY 5.00%, |
1.67% |
| 1/01/26 |
|
| 8) Metropolitan Trnsp Auth NY (Metro Trnsp Auth |
1.66% |
| Ny Ded Tax) Series 2012A 5.00%, 11/15/28 |
|
| 9) Texas GO Series 02A 5.50%, 8/01/41 |
1.36% |
| 10) San Francisco City/Cnty CA Pub Util Wtr |
1.34% |
| Series 2012C 5.00%, 11/01/27 |
|
|
Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
10.04% |
| Toll Roads/Transit |
9.41% |
| Revenue - Miscellaneous |
8.18% |
| Higher Education - Public |
4.01% |
| Airport |
3.68% |
| Health Care - Not-for-Profit |
3.39% |
| Electric Utility |
3.35% |
| Higher Education - Private |
2.06% |
| Industrial Development - Utility |
1.75% |
| Primary/Secondary Ed. - Private |
0.85% |
| Senior Living |
0.84% |
| Prepay Energy |
0.69% |
| Primary/Secondary Ed. - Public |
0.42% |
| SUBTOTAL |
48.67% |
| Tax Supported |
|
| Special Tax |
16.27% |
| Local G.O. |
10.96% |
| State G.O. |
5.82% |
| Tax-Supported Local Lease |
3.17% |
| Assessment District |
2.60% |
| State Lease |
1.74% |
| Tax-Supported State Lease |
1.44% |
| SUBTOTAL |
42.00% |
| Insured/Guaranteed |
|
| Insured |
2.60% |
| Guaranteed |
1.49% |
| SUBTOTAL |
4.09% |
| Prerefunded/ETM |
2.92% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.68% |
| Housing - Single Family |
0.57% |
| SUBTOTAL |
2.25% |
| Cash Equivalents |
|
| Investment Companies |
0.07% |
| SUBTOTAL |
0.07% |
| Total |
100.00% |
| State Breakdown |
|
|
Portfolio % |
|
| Texas |
19.04% |
| New York |
13.79% |
| California |
12.69% |
| Florida |
6.78% |
| Illinois |
5.58% |
| Washington |
4.88% |
| Michigan |
4.71% |
| Louisiana |
4.25% |
| South Carolina |
3.60% |
| Colorado |
2.69% |
| Georgia |
2.41% |
| Ohio |
1.76% |
| New Jersey |
1.74% |
| Oregon |
1.57% |
| Pennsylvania |
1.45% |
| Hawaii |
1.43% |
| Puerto Rico |
1.28% |
| Alabama |
1.18% |
| Massachusetts |
1.09% |
| Alaska |
0.98% |
| Virginia |
0.96% |
| Arizona |
0.88% |
| Wisconsin |
0.88% |
| Rhode Island |
0.85% |
| North Carolina |
0.61% |
| Mississippi |
0.57% |
| Nevada |
0.40% |
| Tennessee |
0.38% |
| Maine |
0.34% |
| Indiana |
0.33% |
| Missouri |
0.32% |
| Kansas |
0.21% |
| Minnesota |
0.18% |
| New Hampshire |
0.12% |
| Other |
0.07% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
19.66% |
| AA |
51.20% |
| A |
15.25% |
| BBB |
7.36% |
| BB |
0.29% |
| B |
0.44% |
| Not Rated |
2.81% |
| Pre-refunded Bonds |
2.92% |
| Short Term Investments |
0.07% |
| Total Investments |
100.00% |
| Bonds By Maturity |
|
|
Portfolio % |
|
| Less than 1 year |
0.08% |
| 1 to 5 years |
3.73% |
| 5 to 10 years |
12.23% |
| 10 to 20 years |
76.01% |
| 20 to 30 years |
7.95% |
| More than 30 years |
0.00% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
8.14% |
| Average Coupon: |
5.49% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
36.40% |
| Tender Option Bonds: |
6.43% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
42.83%* |
| Average Effective Maturity: |
6.02 Years |
| Effective Duration: |
5.34 Years |
| Total Net Assets: |
$665.50 Million** |
| Common Stock Net Asset Value: |
$14.73 |
| Number of Holdings: |
177 |
| Portfolio Turnover: |
28% |
* The total percentage of leverage constitutes 6.43% through the use of tender option bonds, 36.40% 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.
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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