AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 23, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31, 2015.
| AllianceBernstein National Municipal Income Fund, Inc. |
||
| Top 10 Fixed-Income Holdings |
Portfolio % |
|
| 1) |
Texas Trnsp Comm 5.00%, 4/01/23 |
3.12% |
| 2) |
Wayne State University Series 2009A 5.00%, 11/15/29 |
2.64% |
| 3) |
State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.28% |
| 4) |
Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.15% |
| 5) |
Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.66% |
| 6) |
Univ of Illinois AGM 5.25%, 10/01/26 |
1.65% |
| 7) |
City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% |
| 8) |
Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
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) |
Port Authority of New York & New Jersey Series 2014186 5.00%, 10/15/44 |
1.28% |
| Sector/Industry Breakdown |
Portfolio % |
|
| Revenue |
||
| Higher Education - Public |
8.04% |
|
| Toll Roads/Transit |
7.58% |
|
| Health Care - Not-for-Profit |
7.43% |
|
| Water & Sewer |
7.10% |
|
| Airport |
6.72% |
|
| Electric Utility |
4.43% |
|
| Revenue - Miscellaneous |
3.09% |
|
| Higher Education - Private |
1.79% |
|
| Industrial Development - Utility |
1.76% |
|
| Prepay Energy |
0.69% |
|
| Senior Living |
0.67% |
|
| Primary/Secondary Ed. - Public |
0.34% |
|
| SUBTOTAL |
49.64% |
|
| Tax Supported |
||
| Special Tax |
21.29% |
|
| Local G.O. |
7.49% |
|
| State G.O. |
5.03% |
|
| Tax-Supported State Lease |
2.62% |
|
| Tax-Supported Local Lease |
1.84% |
|
| State Lease |
1.65% |
|
| Assessment District |
1.51% |
|
| SUBTOTAL |
41.43% |
|
| Prerefunded/ETM |
6.35% |
|
| Insured/Guaranteed |
||
| Guaranteed |
0.93% |
|
| Insured |
0.71% |
|
| SUBTOTAL |
1.64% |
|
| Asset-Backed |
||
| Housing - Multi-Family |
0.55% |
|
| SUBTOTAL |
0.55% |
|
| Cash Equivalents |
||
| Investment Companies |
0.39% |
|
| SUBTOTAL |
0.39% |
|
| Total |
100.00% |
|
| State Breakdown |
Portfolio % |
|
| California |
16.39% |
|
| New York |
16.09% |
|
| Texas |
12.67% |
|
| Illinois |
5.92% |
|
| Michigan |
5.61% |
|
| Connecticut |
5.11% |
|
| Florida |
4.99% |
|
| New Jersey |
4.27% |
|
| Massachusetts |
4.01% |
|
| Colorado |
3.30% |
|
| Washington |
2.33% |
|
| Louisiana |
2.32% |
|
| Pennsylvania |
1.94% |
|
| North Carolina |
1.70% |
|
| Tennessee |
1.54% |
|
| Oregon |
1.51% |
|
| Ohio |
1.36% |
|
| South Carolina |
1.31% |
|
| Wisconsin |
0.92% |
|
| Alabama |
0.92% |
|
| Kentucky |
0.84% |
|
| District of Columbia |
0.83% |
|
| Hawaii |
0.80% |
|
| Georgia |
0.77% |
|
| Arizona |
0.69% |
|
| Mississippi |
0.56% |
|
| Arkansas |
0.32% |
|
| Missouri |
0.31% |
|
| Alaska |
0.28% |
|
| Other |
0.39% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
Portfolio % |
|
| AAA |
17.71% |
|
| AA |
48.52% |
|
| A |
17.13% |
|
| BBB |
7.89% |
|
| B |
0.23% |
|
| Not Rated |
1.78% |
|
| Pre-refunded Bonds |
6.35% |
|
| Short Term Investments |
0.39% |
|
| Total Investments |
100.00% |
|
| Bonds By Maturity |
Portfolio % |
|
| Less than 1 year |
2.65% |
|
| 1 to 5 years |
5.27% |
|
| 5 to 10 years |
11.59% |
|
| 10 to 20 years |
67.04% |
|
| 20 to 30 years |
13.24% |
|
| More than 30 years |
0.21% |
|
| Other |
0.00% |
|
| Total Investments |
100.00% |
|
| Portfolio Statistics: |
||
| AMT Percentage: |
8.77% |
|
| Average Coupon: |
5.42% |
|
| Percentage of Leverage: |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
1.02% |
|
| Preferred Stock: |
35.82% |
|
| Tender Option Bonds: |
6.11% |
|
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
| Total Fund Leverage: |
42.95%* |
|
| Average Effective Maturity: |
6.28 Years |
|
| Effective Duration: |
5.55 Years |
|
| Total Net Assets: |
$680.15 Million** |
|
| Common Stock Net Asset Value: |
$15.23 |
|
| Number of Holdings: |
170 |
|
| Portfolio Turnover: |
26% |
|
* The total percentage of leverage constitutes 6.11% through the use of tender option bonds, 35.82% in issued and outstanding preferred stock and 1.02% 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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