NEW YORK, May 22, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of April 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 | 2.68% |
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 | 2.12% |
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 | 1.65% |
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 | 1.44% |
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 | 1.26% |
Sector/Industry Breakdown | Portfolio % |
Revenue | |
Higher Education - Public | 8.08% |
Toll Roads/Transit | 7.38% |
Health Care - Not-for-Profit | 7.32% |
Water & Sewer | 7.22% |
Airport | 6.97% |
Electric Utility | 4.81% |
Revenue - Miscellaneous | 2.60% |
Higher Education - Private | 1.81% |
Industrial Development - Utility | 1.79% |
Prepay Energy | 0.71% |
Senior Living | 0.68% |
Industrial Development - Industry | 0.50% |
Primary/Secondary Ed. - Public | 0.36% |
SUBTOTAL | 50.23% |
Tax Supported | |
Special Tax | 20.14% |
Local G.O. | 8.33% |
State G.O. | 5.01% |
Tax-Supported State Lease | 2.60% |
State Lease | 1.69% |
Tax-Supported Local Lease | 1.60% |
Assessment District | 1.53% |
SUBTOTAL | 40.90% |
Prerefunded/ETM | 7.23% |
Insured/Guaranteed | |
Guaranteed | 0.92% |
Insured | 0.72% |
SUBTOTAL | 1.64% |
Total | 100.00% |
State Breakdown | Portfolio % |
California | 16.39% |
New York | 15.95% |
Texas | 12.05% |
Connecticut | 5.09% |
Michigan | 4.97% |
Illinois | 4.97% |
Florida | 4.92% |
New Jersey | 4.14% |
Pennsylvania | 4.05% |
Massachusetts | 3.98% |
Colorado | 3.41% |
Washington | 2.37% |
Louisiana | 2.06% |
North Carolina | 1.68% |
Oregon | 1.54% |
Tennessee | 1.53% |
Ohio | 1.38% |
South Carolina | 1.34% |
Kentucky | 1.23% |
Alabama | 0.94% |
District of Columbia | 0.83% |
Hawaii | 0.80% |
Indiana | 0.78% |
Georgia | 0.77% |
Arizona | 0.71% |
Mississippi | 0.57% |
Wisconsin | 0.37% |
Arkansas | 0.32% |
Missouri | 0.31% |
Alaska | 0.29% |
Oklahoma | 0.26% |
Total Investments | 100.00% |
Credit Quality Breakdown | Portfolio % |
AAA | 16.44% |
AA | 50.24% |
A | 16.41% |
BBB | 7.53% |
B | 0.24% |
Not Rated | 1.91% |
Pre-refunded Bonds | 7.23% |
Total Investments | 100.00% |
Bonds By Maturity | Portfolio % |
Less than 1 year | 1.57% |
1 to 5 years | 5.82% |
5 to 10 years | 11.77% |
10 to 20 years | 66.98% |
20 to 30 years | 13.39% |
More than 30 years | 0.47% |
Other | 0.00% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percentage: | 8.16% |
Average Coupon: | 5.33% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 1.41% |
Preferred Stock: | 36.90% |
Tender Option Bonds: | 6.29% |
Term Asset-Backed Loans Facility (TALF): | 0.00% |
Total Fund Leverage: | 44.60%* |
Average Effective Maturity: | 6.32 Years |
Effective Duration: | 5.48 Years |
Total Net Assets: | $661.72 Million** |
Common Stock Net Asset Value: | $14.59 |
Number of Holdings: | 173 |
Portfolio Turnover: | 26% |
* The total percentage of leverage constitutes 6.29% through the use of tender option bonds, 36.90% in issued and outstanding preferred stock and 1.41% 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.
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
