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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-300105643.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.