NEW YORK, June 24, 2016 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2016.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Texas Transportation Commission State Highway Fund 5.00%, 4/01/23 2.95% 2) Wayne State University Series 2009A 5.00%, 11/15/29 2.53% 3) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%, 11/15/35 2.49% 4) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 2.29% 5) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2011B 5.00%, 10/15/32 2.11% 6) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 1.68% 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 1.44% 9) Port Authority of New York & New Jersey Series 2014-186 5.00%, 10/15/44 1.27% 10) Pennsylvania Economic Development Financing Authority (PA Bridges Finco LP) Series 2015 5.00%, 12/31/38 1.26% Sector/Industry Breakdown Portfolio % Revenue Toll Roads/Transit 10.89% Health Care - Not-for-Profit 10.03% Airport 6.29% Higher Education - Public 5.83% Water & Sewer 5.62% Electric Utility 3.98% Revenue - Miscellaneous 3.68% Industrial Development - Utility 0.93% Port 0.80% Prepay Energy 0.68% Higher Education - Private 0.57% Senior Living 0.41% Primary/Secondary Ed. - Public 0.28% SUBTOTAL 49.99% Tax Supported Special Tax 19.58% State G.O. 7.26% Local G.O. 6.63% Tax-Supported Local Lease 2.95% Tax-Supported State Lease 2.53% SUBTOTAL 38.95% Prerefunded/ETM 7.19% Note/VRDBs Money Market 2.95% SUBTOTAL 2.95% Insured/Guaranteed Guaranteed 0.92% SUBTOTAL 0.92% Total 100.00% State Breakdown Portfolio % New York 17.64% California 14.97% Texas 12.79% Florida 6.95% Connecticut 5.90% New Jersey 5.04% Illinois 4.91% Pennsylvania 4.90% Michigan 4.82% Massachusetts 2.53% Hawaii 1.73% Washington 1.56% North Carolina 1.40% Colorado 1.28% Louisiana 1.28% Tennessee 1.26% Kentucky 1.23% Maryland 1.05% South Carolina 1.02% Ohio 0.93% Alabama 0.90% District of Columbia 0.83% Oregon 0.82% Indiana 0.78% Georgia 0.77% Arizona 0.68% Mississippi 0.55% Minnesota 0.44% Arkansas 0.32% Missouri 0.30% Oklahoma 0.26% Wisconsin 0.16% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 12.17% AA 50.66% A 18.33% BBB 10.61% B 0.28% Not Rated 0.76% Pre-refunded Bonds 7.19% Total Investments 100.00% Bonds By Maturity Portfolio % Less than 1 year 0.00% 1 to 5 years 0.89% 5 to 10 years 10.67% 10 to 20 years 69.35% 20 to 30 years 19.09% More than 30 years 0.00% Other 0.00% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 9.55% Average Coupon: 5.35% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 0.60% Auction Preferred Shares (APS): 13.78% Tender Option Bonds: 6.82% Variable Rate MuniFund Term Preferred Shares (VMTPs): 21.10% Total Fund Leverage: 42.30%* Average Effective Maturity: 6.45 Years Effective Duration: 5.75 Years Total Net Assets: $540.21 Million** Common Stock Net Asset Value: $15.59 Number of Holdings: 168 Portfolio Turnover: 24% * The total percentage of leverage constitutes 6.82% through the use of tender option bonds, 13.78% in issued and outstanding APS, 21.10% in issued and outstanding VMTPs and 0.60% 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 $92,125,000 of APS at liquidation value. The Fund also had outstanding $141,100,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes. 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.