AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of March 31, 2015.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.14% |
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 |
2.26% |
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.11% |
5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.67% |
6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.64% |
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.45% |
8) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.43% |
9) New York State Dormitory Authority (State of New York Pers Income Tax) Series 2012D 5.00%, 2/15/29 |
1.31% |
10) Port Authority of New York & New Jersey Series 2014186 5.00%, 10/15/44 |
1.27% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Higher Education - Public |
8.01% |
Toll Roads/Transit |
7.35% |
Health Care - Not-for-Profit |
7.15% |
Water & Sewer |
7.10% |
Airport |
6.93% |
Electric Utility |
4.79% |
Revenue - Miscellaneous |
2.56% |
Higher Education - Private |
1.79% |
Industrial Development - Utility |
1.78% |
Senior Living |
0.83% |
Prepay Energy |
0.70% |
Industrial Development - Industry |
0.50% |
Primary/Secondary Ed. - Public |
0.36% |
SUBTOTAL |
49.85% |
Tax Supported |
|
Special Tax |
20.02% |
Local G.O. |
8.25% |
State G.O. |
4.98% |
Tax-Supported State Lease |
2.59% |
State Lease |
1.67% |
Tax-Supported Local Lease |
1.60% |
Assessment District |
1.51% |
SUBTOTAL |
40.62% |
Prerefunded/ETM |
7.90% |
Insured/Guaranteed |
|
Guaranteed |
0.92% |
Insured |
0.71% |
SUBTOTAL |
1.63% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
16.30% |
New York |
15.85% |
Texas |
12.70% |
Connecticut |
5.07% |
Florida |
4.94% |
Illinois |
4.92% |
Michigan |
4.91% |
New Jersey |
4.14% |
Pennsylvania |
4.03% |
Massachusetts |
3.96% |
Colorado |
3.30% |
Washington |
2.34% |
Louisiana |
2.03% |
North Carolina |
1.68% |
Tennessee |
1.52% |
Oregon |
1.52% |
Ohio |
1.37% |
South Carolina |
1.32% |
Kentucky |
1.23% |
Alabama |
0.93% |
District of Columbia |
0.83% |
Hawaii |
0.79% |
Indiana |
0.77% |
Georgia |
0.76% |
Arizona |
0.70% |
Mississippi |
0.56% |
Wisconsin |
0.36% |
Arkansas |
0.32% |
Missouri |
0.31% |
Alaska |
0.28% |
Oklahoma |
0.26% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
16.29% |
AA |
48.40% |
A |
16.79% |
BBB |
8.58% |
B |
0.23% |
Not Rated |
1.81% |
Pre-refunded Bonds |
7.90% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
2.32% |
1 to 5 years |
5.72% |
5 to 10 years |
11.43% |
10 to 20 years |
66.21% |
20 to 30 years |
13.85% |
More than 30 years |
0.47% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
8.24% |
Average Coupon: |
5.44% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
1.38% |
Preferred Stock: |
36.22% |
Tender Option Bonds: |
6.40% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.00%* |
Average Effective Maturity: |
6.34 Years |
Effective Duration: |
5.61 Years |
Total Net Assets: |
$668.70 Million** |
Common Stock Net Asset Value: |
$14.84 |
Number of Holdings: |
174 |
Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 6.40% through the use |
|
of tender option bonds, 36.22% in issued and outstanding preferred |
|
stock and 1.38% 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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