AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 26, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 2015.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.13% |
2) Wayne State University Series 2009A 5.00%, 11/15/29 |
2.66% |
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 |
2.16% |
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 |
1.66% |
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 |
1.40% |
9) Port Authority of New York & New Jersey Series 2014186 5.00%, 10/15/44 |
1.25% |
10) Fort Bend Independent School District Series 2009 5.00%, 2/15/27 |
1.24% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Health Care - Not-for-Profit |
9.07% |
Toll Roads/Transit |
7.59% |
Airport |
7.26% |
Higher Education - Public |
7.05% |
Water & Sewer |
5.95% |
Electric Utility |
3.95% |
Revenue - Miscellaneous |
3.73% |
Higher Education - Private |
1.12% |
Industrial Development - Utility |
1.10% |
Prepay Energy |
0.68% |
Senior Living |
0.42% |
Primary/Secondary Ed. - Public |
0.34% |
SUBTOTAL |
48.26% |
Tax Supported |
|
Special Tax |
19.87% |
Local G.O. |
8.40% |
State G.O. |
5.93% |
Tax-Supported State Lease |
2.56% |
Tax-Supported Local Lease |
2.41% |
State Lease |
1.66% |
Assessment District |
1.22% |
SUBTOTAL |
42.05% |
Prerefunded/ETM |
7.24% |
Insured/Guaranteed |
|
Guaranteed |
0.92% |
Insured |
0.71% |
SUBTOTAL |
1.63% |
Cash Equivalents |
|
Investment Companies |
0.82% |
SUBTOTAL |
0.82% |
Total |
100.00% |
State Breakdown |
Portfolio % |
California |
15.74% |
New York |
15.42% |
Texas |
13.11% |
Florida |
5.68% |
Illinois |
5.66% |
Pennsylvania |
5.29% |
Connecticut |
5.07% |
Michigan |
4.94% |
New Jersey |
4.11% |
Colorado |
3.38% |
Massachusetts |
3.37% |
Louisiana |
1.88% |
Washington |
1.62% |
Tennessee |
1.50% |
North Carolina |
1.38% |
Ohio |
1.27% |
Kentucky |
1.24% |
Alabama |
0.93% |
Oregon |
0.86% |
District of Columbia |
0.84% |
Hawaii |
0.79% |
Indiana |
0.78% |
Georgia |
0.76% |
Arizona |
0.68% |
Mississippi |
0.57% |
Minnesota |
0.43% |
Arkansas |
0.31% |
Missouri |
0.31% |
Alaska |
0.29% |
Oklahoma |
0.26% |
Maryland |
0.26% |
South Carolina |
0.24% |
Wisconsin |
0.21% |
Other |
0.82% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
15.88% |
AA |
47.30% |
A |
18.45% |
BBB |
8.59% |
B |
0.24% |
Not Rated |
1.48% |
Pre-refunded Bonds |
7.24% |
Short Term Investments |
0.82% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.82% |
1 to 5 years |
0.75% |
5 to 10 years |
13.24% |
10 to 20 years |
68.41% |
20 to 30 years |
15.93% |
More than 30 years |
0.85% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percentage: |
7.91% |
Average Coupon: |
5.47% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
6.88% |
Preferred Stock: |
14.14% |
Tender Option Bonds: |
6.60% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
27.62%* |
Average Effective Maturity: |
6.34 Years |
Effective Duration: |
5.67 Years |
Total Net Assets: |
$518.66 Million** |
Common Stock Net Asset Value: |
$14.84 |
Number of Holdings: |
177 |
Portfolio Turnover: |
26% |
* The total percentage of leverage constitutes 6.60% through the use of tender option bonds, 14.14% in issued and outstanding preferred stock and 6.88% 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.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article