ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Jan. 26, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 2014.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) Texas Trnsp Comm 5.00%, 4/01/23 3.19%
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 2.31%
4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 2.15%
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 1.67%
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 1.45%
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 20141 5.00%, 10/15/44 1.27%
Sector/Industry Breakdown Portfolio %
Revenue
Higher Education - Public 8.15%
Toll Roads/Transit 7.63%
Water & Sewer 7.14%
Airport 6.77%
Health Care - Not-for-Profit 5.73%
Electric Utility 4.45%
Revenue - Miscellaneous 3.14%
Higher Education - Private 1.81%
Industrial Development - Utility 1.78%
Prepay Energy 0.70%
Senior Living 0.68%
Primary/Secondary Ed. - Public 0.37%
SUBTOTAL 48.35%
Tax Supported
Special Tax 21.29%
Local G.O. 7.59%
State G.O. 5.08%
Tax-Supported State Lease 2.65%
Tax-Supported Local Lease 1.83%
State Lease 1.69%
Assessment District 1.55%
SUBTOTAL 41.68%
Prerefunded/ETM 6.50%
Asset-Backed
Housing - Multi-Family 1.81%
SUBTOTAL 1.81%
Insured/Guaranteed
Guaranteed 0.94%
Insured 0.72%
SUBTOTAL 1.66%
Total 100.00%
State Breakdown Portfolio %
California 16.55%
New York 16.21%
Texas 12.84%
Florida 6.22%
Connecticut 5.15%
Illinois 5.06%
Michigan 5.01%
New Jersey 4.31%
Massachusetts 4.02%
Colorado 3.37%
Louisiana 2.37%
Washington 2.34%
Pennsylvania 1.93%
North Carolina 1.71%
Tennessee 1.53%
Oregon 1.53%
Ohio 1.36%
South Carolina 1.35%
Alabama 0.94%
Kentucky 0.84%
District of Columbia 0.84%
Hawaii 0.79%
Georgia 0.78%
Wisconsin 0.77%
Arizona 0.70%
Mississippi 0.57%
Arkansas 0.32%
Missouri 0.31%
Alaska 0.28%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 17.95%
AA 50.06%
A 15.45%
BBB 7.95%
B 0.26%
Not Rated 1.83%
Pre-refunded Bonds 6.50%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 2.33%
1 to 5 years 5.39%
5 to 10 years 11.83%
10 to 20 years 67.30%
20 to 30 years 12.94%
More than 30 years 0.21%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 7.40%
Average Coupon: 5.46%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Preferred Stock: 36.78%
Tender Option Bonds: 6.27%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 43.05%*
Average Maturity: 6.17 Years
Effective Duration: 5.45 Years
Total Net Assets: $669.48 Million**
Common Stock Net Asset Value: $14.86
Number of Holdings: 166
Portfolio Turnover: 26%
* The total percentage of leverage constitutes 6.27% through the use of tender option bonds, 36.78% 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.
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
