AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update - WNEM TV 5

AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

NEW YORK, July 28, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2014.



AllianceBernstein National Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings

Portfolio %

1) Texas Trnsp Comm 5.00%, 4/01/23

3.30%

2) Wayne State Univ MI Series 2009A 5.00%, 11/15/29

2.59%

3) Connecticut Spl Tax Obl (Connecticut Trnsp Prog Spl Tax) 5.00%, 1/01/29

2.29%

4) Massachusetts Sch Bldg Auth (Massachusetts Sch Sales Tax)  Series 2011B 5.00%, 10/15/32

2.12%

5) Univ of Illinois   AGM 5.25%, 10/01/26

1.75%

6) Triborough Brdg & Tunl Auth NY Series 2011A 5.00%, 1/01/26

1.67%

7) Los Angeles CA Dept W&P Pwr Series 2013B 5.00%, 7/01/30

1.66%

8) New York NY GO Series 2012I 5.00%, 8/01/28

1.44%

9) New York St Dormitory Auth (New York St Pers Income Tax)  Series 2012D 5.00%, 2/15/29

1.31%

10) Fort Bend TX ISD GO Series 2009 5.00%, 2/15/27

1.27%





Sector/Industry Breakdown

Portfolio %

Revenue


Toll Roads/Transit

10.20%

Higher Education - Public

8.01%

Water & Sewer

7.97%

Airport

5.69%

Electric Utility

5.13%

Revenue - Miscellaneous

3.40%

Health Care - Not-for-Profit

2.88%

Higher Education - Private

2.07%

Primary/Secondary Ed. - Private

0.86%

Industrial Development - Utility

0.79%

Prepay Energy

0.69%

Senior Living

0.66%

Primary/Secondary Ed. - Public

0.42%

SUBTOTAL

48.77%

Tax Supported


Special Tax

21.61%

Local G.O.

8.67%

State G.O.

5.57%

Tax-Supported State Lease

2.36%

Tax-Supported Local Lease

1.80%

State Lease

1.75%

Assessment District

1.56%

SUBTOTAL

43.32%

Prerefunded/ETM

3.47%

Insured/Guaranteed


Guaranteed

1.71%

Insured

0.74%

SUBTOTAL

2.45%

Asset-Backed


Housing - Multi-Family

1.84%

SUBTOTAL

1.84%

Cash Equivalents


Investment Companies

0.15%

SUBTOTAL

0.15%

Total

100.00%



State Breakdown

Portfolio %

New York

16.55%

California

15.85%

Texas

13.56%

Illinois

6.35%

Michigan

5.46%

Connecticut

5.12%

Massachusetts

3.97%

Colorado

3.73%

Florida

3.69%

Louisiana

2.55%

Pennsylvania

2.46%

Washington

2.36%

North Carolina

2.09%

South Carolina

2.08%

New Jersey

1.94%

Oregon

1.56%

Alabama

1.18%

Virginia

0.89%

Rhode Island

0.86%

Kentucky

0.83%

District of Columbia

0.83%

Puerto Rico

0.82%

Wisconsin

0.78%

Georgia

0.77%

Hawaii

0.76%

Arizona

0.69%

Mississippi

0.58%

Ohio

0.43%

Tennessee

0.38%

Missouri

0.32%

Alaska

0.29%

New Hampshire

0.12%

Other

0.15%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

19.00%

AA

55.08%

A

14.02%

BBB

5.34%

BB

1.11%

Not Rated

1.83%

Pre-refunded Bonds

3.47%

Short Term Investments

0.15%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

1.90%

1 to 5 years

1.42%

5 to 10 years

13.98%

10 to 20 years

75.60%

20 to 30 years

6.90%

More than 30 years

0.20%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

7.00%

Average Coupon:

5.56%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

36.88%

Tender Option Bonds:

6.29%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

43.17%*

Average Effective Maturity:

6.09 Years

Effective Duration:

5.45 Years

Total Net Assets:

$656.71 Million**

Common Stock Net Asset Value:

$14.42

Number of Holdings:

171

Portfolio Turnover:

41%

* The total percentage of leverage constitutes 6.29% through the use of tender option bonds, 36.88% in issued and outstanding preferred stock and 0.00% 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.

©2012 PR Newswire. All Rights Reserved.

 
Powered by WorldNow
WNEM
Powered by WorldNow CNN
All content © 2014, WNEM; Saginaw, MI. (A Meredith Corporation Station) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.