AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update - WLNS TV 6 Lansing - Jackson | Your Local News Leader

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, March 24, 2014 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of February 28, 2014.

 



AllianceBernstein National Municipal Income Fund, Inc.







Top 10 Fixed-Income Holdings

Portfolio %

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

3.41%

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

2.57%

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

2.11%

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

1.76%

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

1.65%

8) Salt River Proj Agric Impt & Pwr Dist AZ Series 2012A 5.00%, 12/01/29

1.56%

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

1.44%

10) Coast CA CCD GO   AGM 5.00%, 8/01/24

1.32%



Sector/Industry Breakdown

Portfolio %

Revenue


Toll Roads/Transit

9.22%

Water & Sewer

8.21%

Higher Education - Public

6.69%

Electric Utility

6.03%

Airport

5.14%

Revenue - Miscellaneous

4.21%

Health Care - Not-for-Profit

3.10%

Higher Education - Private

2.05%

Industrial Development - Utility

1.10%

Primary/Secondary Ed. - Private

0.86%

Prepay Energy

0.68%

Senior Living

0.66%

Primary/Secondary Ed. - Public

0.42%

SUBTOTAL

48.37%

Tax Supported


Special Tax

19.60%

Local G.O.

8.17%

State G.O.

6.25%

Tax-Supported State Lease

2.33%

Assessment District

2.13%

Tax-Supported Local Lease

1.82%

State Lease

1.76%

SUBTOTAL

42.06%

Insured/Guaranteed


Insured

2.61%

Guaranteed

1.49%

SUBTOTAL

4.10%

Prerefunded/ETM

3.54%

Asset-Backed


Housing - Multi-Family

1.87%

SUBTOTAL

1.87%

Cash Equivalents


Investment Companies

0.06%

SUBTOTAL

0.06%

Total

100.00%



State Breakdown

Portfolio %

New York

16.72%

California

15.83%

Texas

14.16%

Illinois

5.51%

Connecticut

5.13%

Michigan

5.09%

Massachusetts

3.94%

Colorado

3.76%

Florida

3.07%

New Jersey

2.70%

Louisiana

2.57%

Arizona

2.43%

Washington

2.34%

South Carolina

2.30%

Oregon

1.57%

Pennsylvania

1.43%

Alabama

1.21%

Puerto Rico

1.08%

Virginia

0.89%

Rhode Island

0.86%

Wisconsin

0.84%

Kentucky

0.83%

District of Columbia

0.83%

Hawaii

0.77%

Ohio

0.67%

Alaska

0.66%

North Carolina

0.61%

Mississippi

0.59%

Tennessee

0.38%

Missouri

0.33%

Indiana

0.32%

Georgia

0.22%

Minnesota

0.18%

New Hampshire

0.12%

Other

0.06%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

20.23%

AA

49.05%

A

17.76%

BBB

5.29%

BB

1.36%

Not Rated

2.71%

Pre-refunded Bonds

3.54%

Short Term Investments

0.06%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

1.85%

1 to 5 years

2.49%

5 to 10 years

14.63%

10 to 20 years

75.51%

20 to 30 years

5.33%

More than 30 years

0.19%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

7.22%

Average Coupon:

5.70%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

37.50%

Tender Option Bonds:

6.62%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

44.12%*

Average Effective Maturity:

6.20 Years

Effective Duration:

5.31 Years

Total Net Assets:

$645.86 Million**

Common Stock Net Asset Value:

$14.04

Number of Holdings:

174

Portfolio Turnover:

41%



* The total percentage of leverage constitutes 6.62% through the use


of tender option bonds, 37.50% 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
All content © Copyright 2000 - 2014 WorldNow and WLNS. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.

Click Here to link to the FCC's public inspection file for WLNS-TV and Here to view the WLAJ-TV file. Persons with Disabilities who need assistance with issues relating to the content of this station's FCC public inspection file should contact: Teresa Morton- Program Director for WLNS and WLAJ at 517-372-8282. Questions or concerns relating to the accessibility of the FCC's public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or fccinfo@fcc.gov.