AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

Jul 27, 2015, 16:06 ET from AllianceBernstein National Municipal Income Fund, Inc.

NEW YORK, July 27, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of June 30, 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

2.69%

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

1.41%

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

8.10%

Toll Roads/Transit

7.37%

Water & Sewer

7.22%

Airport

6.95%

Health Care - Not-for-Profit

6.93%

Electric Utility

4.83%

Revenue - Miscellaneous

2.56%

Industrial Development - Utility

1.80%

Higher Education - Private

1.12%

Prepay Energy

0.69%

Senior Living

0.69%

Industrial Development - Industry

0.50%

Primary/Secondary Ed. - Public

0.34%

SUBTOTAL

49.10%

Tax Supported

Special Tax

20.14%

Local G.O.

8.34%

State G.O.

5.17%

Tax-Supported State Lease

2.59%

Tax-Supported Local Lease

2.41%

State Lease

1.69%

Assessment District

1.24%

SUBTOTAL

41.58%

Prerefunded/ETM

7.67%

Insured/Guaranteed

Guaranteed

0.92%

Insured

0.72%

SUBTOTAL

1.64%

Cash Equivalents

Investment Companies

0.01%

SUBTOTAL

0.01%

Total

100.00%

State Breakdown

Portfolio %

California

16.39%

New York

15.98%

Texas

12.86%

Illinois

5.15%

Connecticut

5.07%

Michigan

4.98%

Florida

4.88%

New Jersey

4.11%

Pennsylvania

4.04%

Massachusetts

3.99%

Colorado

3.42%

Washington

2.37%

Louisiana

2.06%

North Carolina

1.69%

Tennessee

1.51%

Ohio

1.38%

Kentucky

1.22%

Alabama

0.95%

Oregon

0.86%

South Carolina

0.86%

District of Columbia

0.83%

Hawaii

0.79%

Indiana

0.77%

Georgia

0.76%

Arizona

0.69%

Mississippi

0.58%

Wisconsin

0.37%

Arkansas

0.31%

Missouri

0.31%

Alaska

0.29%

Maryland

0.26%

Oklahoma

0.26%

Other

0.01%

Total Investments

100.00%

Credit Quality Breakdown

Portfolio %

AAA

16.45%

AA

50.75%

A

15.22%

BBB

8.07%

B

0.24%

Not Rated

1.59%

Pre-refunded Bonds

7.67%

Short Term Investments

0.01%

Total Investments

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

1.58%

1 to 5 years

5.67%

5 to 10 years

12.34%

10 to 20 years

67.26%

20 to 30 years

12.68%

More than 30 years

0.47%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:

AMT Percentage:

8.03%

Average Coupon:

5.49%

Percentage of Leverage:

Bank Borrowing:

0.00%

Investment Operations:

2.14%

Preferred Stock:

37.61%

Tender Option Bonds:

6.41%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

46.16%*

Average Effective Maturity:

6.16 Years

Effective Duration:

5.50 Years

Total Net Assets:

$654.17 Million**

Common Stock Net Asset Value:

$14.33

Number of Holdings:

174

Portfolio Turnover:

26%

 

* The total percentage of leverage constitutes 6.41% through the use of tender option bonds, 37.61% in issued and outstanding preferred stock and 2.14% 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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http://www.alliancebernstein.com