AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 28, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2014.
| AllianceBernstein National Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.30% |
| 2) Wayne State Univ MI Series 2009A 5.00%, 11/15/29 |
2.59% |
| 3) Connecticut Spl Tax Obl (Connecticut Trnsp Prog Spl Tax) 5.00%, 1/01/29 |
2.29% |
| 4) Massachusetts Sch Bldg Auth (Massachusetts Sch Sales Tax) Series 2011B 5.00%, 10/15/32 |
2.12% |
| 5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.75% |
| 6) Triborough Brdg & Tunl Auth NY Series 2011A 5.00%, 1/01/26 |
1.67% |
| 7) Los Angeles CA Dept W&P Pwr Series 2013B 5.00%, 7/01/30 |
1.66% |
| 8) New York NY GO Series 2012I 5.00%, 8/01/28 |
1.44% |
| 9) New York St Dormitory Auth (New York St Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.31% |
| 10) Fort Bend TX ISD GO Series 2009 5.00%, 2/15/27 |
1.27% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Toll Roads/Transit |
10.20% |
| Higher Education - Public |
8.01% |
| Water & Sewer |
7.97% |
| Airport |
5.69% |
| Electric Utility |
5.13% |
| Revenue - Miscellaneous |
3.40% |
| Health Care - Not-for-Profit |
2.88% |
| Higher Education - Private |
2.07% |
| Primary/Secondary Ed. - Private |
0.86% |
| Industrial Development - Utility |
0.79% |
| Prepay Energy |
0.69% |
| Senior Living |
0.66% |
| Primary/Secondary Ed. - Public |
0.42% |
| SUBTOTAL |
48.77% |
| Tax Supported |
|
| Special Tax |
21.61% |
| Local G.O. |
8.67% |
| State G.O. |
5.57% |
| Tax-Supported State Lease |
2.36% |
| Tax-Supported Local Lease |
1.80% |
| State Lease |
1.75% |
| Assessment District |
1.56% |
| SUBTOTAL |
43.32% |
| Prerefunded/ETM |
3.47% |
| Insured/Guaranteed |
|
| Guaranteed |
1.71% |
| Insured |
0.74% |
| SUBTOTAL |
2.45% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.84% |
| SUBTOTAL |
1.84% |
| Cash Equivalents |
|
| Investment Companies |
0.15% |
| SUBTOTAL |
0.15% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| New York |
16.55% |
| California |
15.85% |
| Texas |
13.56% |
| Illinois |
6.35% |
| Michigan |
5.46% |
| Connecticut |
5.12% |
| Massachusetts |
3.97% |
| Colorado |
3.73% |
| Florida |
3.69% |
| Louisiana |
2.55% |
| Pennsylvania |
2.46% |
| Washington |
2.36% |
| North Carolina |
2.09% |
| South Carolina |
2.08% |
| New Jersey |
1.94% |
| Oregon |
1.56% |
| Alabama |
1.18% |
| Virginia |
0.89% |
| Rhode Island |
0.86% |
| Kentucky |
0.83% |
| District of Columbia |
0.83% |
| Puerto Rico |
0.82% |
| Wisconsin |
0.78% |
| Georgia |
0.77% |
| Hawaii |
0.76% |
| Arizona |
0.69% |
| Mississippi |
0.58% |
| Ohio |
0.43% |
| Tennessee |
0.38% |
| Missouri |
0.32% |
| Alaska |
0.29% |
| New Hampshire |
0.12% |
| Other |
0.15% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
19.00% |
| AA |
55.08% |
| A |
14.02% |
| BBB |
5.34% |
| BB |
1.11% |
| Not Rated |
1.83% |
| Pre-refunded Bonds |
3.47% |
| Short Term Investments |
0.15% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
1.90% |
| 1 to 5 years |
1.42% |
| 5 to 10 years |
13.98% |
| 10 to 20 years |
75.60% |
| 20 to 30 years |
6.90% |
| More than 30 years |
0.20% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
7.00% |
| Average Coupon: |
5.56% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
36.88% |
| Tender Option Bonds: |
6.29% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
43.17%* |
| Average Effective Maturity: |
6.09 Years |
| Effective Duration: |
5.45 Years |
| Total Net Assets: |
$656.71 Million** |
| Common Stock Net Asset Value: |
$14.42 |
| Number of Holdings: |
171 |
| Portfolio Turnover: |
41% |
* The total percentage of leverage constitutes 6.29% through the use of tender option bonds, 36.88% 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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