AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2015.
| AllianceBernstein National Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
Portfolio % |
| 1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.18% |
| 2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.68% |
| 3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.27% |
| 4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 |
2.13% |
| 5) Univ of Illinois AGM 5.25%, 10/01/26 |
1.69% |
| 6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.66% |
| 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 |
1.32% |
| 10) Port Authority of New York & New Jersey Series 2014186 5.00%, 10/15/44 |
1.25% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Higher Education - Public |
8.08% |
| Toll Roads/Transit |
7.36% |
| Health Care - Not-for-Profit |
7.28% |
| Water & Sewer |
7.21% |
| Airport |
6.93% |
| Electric Utility |
4.81% |
| Revenue - Miscellaneous |
2.55% |
| Industrial Development - Utility |
1.79% |
| Higher Education - Private |
1.12% |
| Prepay Energy |
0.71% |
| Senior Living |
0.68% |
| Industrial Development - Industry |
0.50% |
| Primary/Secondary Ed. - Public |
0.36% |
| SUBTOTAL |
49.38% |
| Tax Supported |
|
| Special Tax |
20.13% |
| Local G.O. |
8.30% |
| State G.O. |
4.98% |
| Tax-Supported State Lease |
2.57% |
| Tax-Supported Local Lease |
2.41% |
| State Lease |
1.69% |
| Assessment District |
1.37% |
| SUBTOTAL |
41.45% |
| Prerefunded/ETM |
7.37% |
| Insured/Guaranteed |
|
| Guaranteed |
0.91% |
| Insured |
0.72% |
| SUBTOTAL |
1.63% |
| Cash Equivalents |
|
| Investment Companies |
0.17% |
| SUBTOTAL |
0.17% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| California |
16.36% |
| New York |
15.93% |
| Texas |
12.83% |
| Connecticut |
5.08% |
| Michigan |
4.96% |
| Illinois |
4.96% |
| Florida |
4.89% |
| New Jersey |
4.09% |
| Pennsylvania |
4.04% |
| Massachusetts |
3.99% |
| Colorado |
3.40% |
| Washington |
2.36% |
| Louisiana |
2.05% |
| North Carolina |
1.68% |
| Tennessee |
1.51% |
| Ohio |
1.38% |
| South Carolina |
1.34% |
| Kentucky |
1.23% |
| Alabama |
0.94% |
| Oregon |
0.85% |
| District of Columbia |
0.83% |
| Hawaii |
0.79% |
| Indiana |
0.77% |
| Georgia |
0.76% |
| Arizona |
0.71% |
| Mississippi |
0.57% |
| Wisconsin |
0.36% |
| Arkansas |
0.31% |
| Missouri |
0.31% |
| Alaska |
0.29% |
| Oklahoma |
0.26% |
| Other |
0.17% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
16.42% |
| AA |
50.30% |
| A |
15.94% |
| BBB |
7.82% |
| B |
0.24% |
| Not Rated |
1.74% |
| Pre-refunded Bonds |
7.37% |
| Short Term Investments |
0.17% |
| Total Investments |
100.00% |
| Bonds By Maturity |
Portfolio % |
| Less than 1 year |
1.90% |
| 1 to 5 years |
5.81% |
| 5 to 10 years |
11.73% |
| 10 to 20 years |
67.65% |
| 20 to 30 years |
12.45% |
| More than 30 years |
0.46% |
| Other |
0.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
8.09% |
| Average Coupon: |
5.40% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
2.75% |
| Preferred Stock: |
37.52% |
| Tender Option Bonds: |
6.40% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
46.67%* |
| Average Effective Maturity: |
6.22 Years |
| Effective Duration: |
5.55 Years |
| Total Net Assets: |
$657.98 Million** |
| Common Stock Net Asset Value: |
$14.46 |
| Number of Holdings: |
174 |
| Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 6.40% through the use of tender option bonds, 37.52% in issued and outstanding preferred stock and 2.75% 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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