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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