ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Aug. 21, 2015 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of July 31, 2015.
AllianceBernstein National Municipal Income
Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) Texas Trnsp Comm 5.00%, 4/01/23 3.24%
2) Wayne State University Series 2009A 5.00%,
11/15/29 2.74%
3) State of Connecticut Special Tax Revenue
Series 2012 5.00%, 1/01/29 2.32%
4) Massachusetts School Building Authority
Series 2011B 5.00%, 10/15/32 2.18%
5) Univ of Illinois AGM 5.25%, 10/01/26 1.71%
6) Los Angeles Department of Water & Power PWR
Series 2013B 5.00%, 7/01/30 1.70%
7) City of New York NY Series 2012I 5.00%,
8/01/28 1.49%
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 1.34%
10) Port Authority of New York & New Jersey
Series 2014186 5.00%, 10/15/44 1.28%
Sector/Industry Breakdown Portfolio %
Revenue
Higher Education - Public 8.28%
Airport 7.44%
Toll Roads/Transit 6.98%
Health Care - Not-for-Profit 6.93%
Water & Sewer 6.23%
Electric Utility 4.94%
Revenue - Miscellaneous 2.96%
Industrial Development - Utility 1.72%
Higher Education - Private 1.15%
Prepay Energy 0.70%
Senior Living 0.69%
Primary/Secondary Ed. - Public 0.35%
SUBTOTAL 48.37%
Tax Supported
Special Tax 20.59%
Local G.O. 8.52%
State G.O. 5.55%
Tax-Supported State Lease 2.65%
Tax-Supported Local Lease 2.47%
State Lease 1.71%
Assessment District 1.26%
SUBTOTAL 42.75%
Prerefunded/ETM 7.79%
Insured/Guaranteed
Guaranteed 0.94%
SUBTOTAL 0.94%
Cash Equivalents
Investment Companies 0.15%
SUBTOTAL 0.15%
Total 100.00%
State Breakdown Portfolio %
California 16.04%
New York 15.19%
Texas 13.28%
Connecticut 5.19%
Michigan 5.07%
Florida 4.99%
Illinois 4.90%
New Jersey 4.23%
Pennsylvania 4.14%
Massachusetts 4.09%
Colorado 3.48%
Washington 2.58%
Louisiana 1.93%
North Carolina 1.73%
Tennessee 1.54%
Ohio 1.30%
Kentucky 1.25%
Alabama 0.96%
South Carolina 0.88%
Oregon 0.88%
District of Columbia 0.85%
Hawaii 0.81%
Indiana 0.79%
Georgia 0.78%
Arizona 0.70%
Mississippi 0.59%
Missouri 0.32%
Arkansas 0.32%
Alaska 0.29%
Maryland 0.27%
Oklahoma 0.26%
Wisconsin 0.22%
Other 0.15%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 14.91%
AA 51.33%
A 15.84%
BBB 8.20%
B 0.25%
Not Rated 1.53%
Pre-refunded Bonds 7.79%
Short Term Investments 0.15%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 1.75%
1 to 5 years 5.60%
5 to 10 years 11.25%
10 to 20 years 68.42%
20 to 30 years 12.77%
More than 30 years 0.21%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 7.98%
Average Coupon: 5.36%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 2.22%
Preferred Stock: 37.53%
Tender Option Bonds: 6.67%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 46.42%*
Average Effective Maturity: 6.09 Years
Effective Duration: 5.43 Years
Total Net Assets: $657.28 Million**
Common Stock Net Asset Value: $14.44
Number of Holdings: 171
Portfolio Turnover: 26%
* The total percentage of leverage constitutes
6.67% through the use
of tender option bonds, 37.53% in issued and
outstanding preferred
stock and 2.22% 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.
