AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 3, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of August 31, 2014.
| AllianceBernstein National Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.25% |
| 2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.59% |
| 3) State of Connecticut Special Tax Revenue 5.00%, 1/01/29 |
2.31% |
| 4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.14% |
| 5) Univ of Illinois AGM 5.25%, |
1.74% |
| 6) Triborough Bridge & Tunnel Authority Series 2011A 5.00%, 1/01/26 |
1.69% |
| 7) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.68% |
| 8) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% |
| 9) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.32% |
| 10) Fort Bend Independent School District Series 2009 5.00%, 2/15/27 |
1.26% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Toll Roads/Transit |
10.47% |
| Higher Education - Public |
8.03% |
| Water & Sewer |
7.92% |
| Airport |
5.71% |
| Electric Utility |
5.17% |
| Revenue - Miscellaneous |
3.14% |
| Health Care - Not-for-Profit |
2.47% |
| Higher Education - Private |
2.07% |
| Industrial Development - Utility |
1.76% |
| Primary/Secondary Ed. - Private |
0.84% |
| Prepay Energy |
0.70% |
| Senior Living |
0.66% |
| Primary/Secondary Ed. - Public |
0.40% |
| SUBTOTAL |
49.34% |
| Tax Supported |
|
| Special Tax |
21.34% |
| Local G.O. |
8.69% |
| State G.O. |
4.91% |
| Tax-Supported State Lease |
2.35% |
| Tax-Supported Local Lease |
1.78% |
| State Lease |
1.74% |
| Assessment District |
1.54% |
| SUBTOTAL |
42.35% |
| Prerefunded/ETM |
4.83% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.82% |
| SUBTOTAL |
1.82% |
| Insured/Guaranteed |
|
| Guaranteed |
0.93% |
| Insured |
0.73% |
| SUBTOTAL |
1.66% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| New York |
16.79% |
| California |
15.64% |
| Texas |
14.04% |
| Illinois |
6.01% |
| Michigan |
5.71% |
| Connecticut |
5.16% |
| Massachusetts |
4.01% |
| Colorado |
3.72% |
| Florida |
3.48% |
| Pennsylvania |
2.45% |
| Louisiana |
2.39% |
| Washington |
2.35% |
| North Carolina |
2.11% |
| South Carolina |
2.07% |
| New Jersey |
1.95% |
| Oregon |
1.55% |
| Ohio |
1.40% |
| Alabama |
1.17% |
| Virginia |
0.89% |
| Rhode Island |
0.84% |
| Kentucky |
0.84% |
| District of Columbia |
0.84% |
| Wisconsin |
0.78% |
| Hawaii |
0.78% |
| Georgia |
0.77% |
| Arizona |
0.70% |
| Mississippi |
0.57% |
| Tennessee |
0.38% |
| Missouri |
0.32% |
| Alaska |
0.29% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
18.15% |
| AA |
55.43% |
| A |
13.49% |
| BBB |
6.01% |
| BB |
0.29% |
| Not Rated |
1.80% |
| Pre-refunded Bonds |
4.83% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
1.62% |
| 1 to 5 years |
3.38% |
| 5 to 10 years |
12.89% |
| 10 to 20 years |
73.95% |
| 20 to 30 years |
6.22% |
| More than 30 years |
0.20% |
| Other |
1.74% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
6.99% |
| Average Coupon: |
5.44% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
37.88% |
| Tender Option Bonds: |
6.46% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
44.34%* |
| Average Maturity: |
5.99 Years |
| Effective Duration: |
5.32 Years |
| Total Net Assets: |
$664.53 Million** |
| Common Stock Net Asset Value: |
$14.69 |
| Number of Holdings: |
168 |
| Portfolio Turnover: |
41% |
* The total percentage of leverage constitutes 6.46% through the use of tender option bonds, 37.88% 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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