AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update - WLNS TV 6 Lansing - Jackson | Your Local News Leader
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
NEW YORK, April 23, 2013 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of March 31, 2013.
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AllianceBernstein National Municipal Income Fund, Inc. | |
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Top 10 Fixed-Income Holdings |
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Portfolio % | |
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1) Texas Trnsp Comm 5.00%, 4/01/23 |
3.35% |
|
2) Metropolitan Trnsp Auth NY (Metro Trnsp Auth |
2.81% |
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Ny Ded Tax) Series 2012A 5.00%, 11/15/28 |
|
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3) Wayne State Univ MI Series 2009 5.00%, |
2.56% |
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11/15/29 |
|
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4) Washington Fed Hwy Grant Series 2012F |
2.54% |
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5.00%, 9/01/24 |
|
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5) Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.17% |
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7/01/27 |
|
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6) Harris City TX Toll Road (Harris Cnty Tx Toll |
2.00% |
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Road) Series 2012 5.00%, 8/15/30 |
|
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7) Univ of Illinois AGM 5.25%, 10/01/26 |
1.73% |
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8) Triborough Brdg & Tunl Auth NY 5.00%, |
1.67% |
|
1/01/26 |
|
|
9) San Francisco City/Cnty CA Pub Util Wtr |
1.34% |
|
5.00%, 11/01/27 |
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10) Texas GO Series 02A 5.50%, 8/01/41 |
1.33% |
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Sector/Industry Breakdown |
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Portfolio % | |
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Revenue |
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Water & Sewer |
10.00% |
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Revenue - Miscellaneous |
8.16% |
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Toll Roads/Transit |
7.32% |
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Higher Education - Public |
3.89% |
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Airport |
3.43% |
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Health Care - Not-for-Profit |
3.35% |
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Electric Utility |
3.33% |
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Industrial Development - Utility |
1.73% |
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Higher Education - Private |
1.58% |
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Primary/Secondary Ed. - Private |
0.84% |
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Senior Living |
0.82% |
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Prepay Energy |
0.68% |
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Primary/Secondary Ed. - Public |
0.42% |
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SUBTOTAL |
45.55% |
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Tax Supported |
|
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Special Tax |
17.31% |
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Local G.O. |
11.39% |
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State G.O. |
6.11% |
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Tax-Supported Local Lease |
3.40% |
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Assessment District |
2.57% |
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State Lease |
1.73% |
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Tax-Supported State Lease |
1.41% |
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SUBTOTAL |
43.92% |
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Prerefunded/ETM |
4.24% |
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Insured/Guaranteed |
|
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Insured |
2.53% |
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Guaranteed |
1.48% |
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SUBTOTAL |
4.01% |
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Asset-Backed |
|
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Housing - Multi-Family |
1.65% |
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Housing - Single Family |
0.63% |
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SUBTOTAL |
2.28% |
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Total |
100.00% |
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State Breakdown |
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|
Portfolio % | |
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Texas |
19.14% |
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New York |
14.88% |
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California |
13.80% |
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Florida |
6.80% |
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Washington |
4.85% |
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Michigan |
4.58% |
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Louisiana |
4.22% |
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Illinois |
4.12% |
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South Carolina |
3.55% |
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Colorado |
2.66% |
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Georgia |
2.17% |
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Ohio |
1.74% |
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New Jersey |
1.70% |
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Oregon |
1.55% |
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Pennsylvania |
1.43% |
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Hawaii |
1.42% |
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Alaska |
1.40% |
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Puerto Rico |
1.27% |
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Alabama |
1.17% |
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Nevada |
1.07% |
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Wisconsin |
0.96% |
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Arizona |
0.87% |
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Rhode Island |
0.84% |
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North Carolina |
0.61% |
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Mississippi |
0.56% |
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Virginia |
0.50% |
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Tennessee |
0.37% |
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Maine |
0.34% |
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Indiana |
0.32% |
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Missouri |
0.32% |
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Massachusetts |
0.30% |
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Kansas |
0.20% |
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Minnesota |
0.17% |
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New Hampshire |
0.12% |
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Total Investments |
100.00% |
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||
|
Portfolio % | ||
|
AAA |
19.46% | |
|
AA |
51.28% | |
|
A |
13.06% | |
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BBB |
8.30% | |
|
BB |
0.29% | |
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B |
0.43% | |
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Not Rated |
2.94% | |
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Pre-refunded Bonds |
4.24% | |
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Total Investments |
100.00% | |
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Bonds By Maturity |
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Portfolio % | |
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Less than 1 year |
2.30% |
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1 to 5 years |
2.74% |
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5 to 10 years |
9.31% |
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10 to 20 years |
78.21% |
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20 to 30 years |
7.44% |
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More than 30 years |
0.00% |
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Other |
0.00% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
|
|
AMT Percentage: |
8.20% |
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Average Coupon: |
5.62% |
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Percentage of Leverage: |
|
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.99% |
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Preferred Stock: |
36.14% |
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Tender Option Bonds: |
6.38% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
43.51%* |
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Average Effective Maturity: |
5.90 Years |
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Effective Duration: |
5.26 Years |
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Total Net Assets: |
$670.20 Million** |
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Common Stock Net Asset Value: |
$14.89 |
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Number of Holdings: |
192 |
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Portfolio Turnover: |
28% |
* The total percentage of leverage constitutes 6.38% through the use of tender option bonds, 36.14% in issued and outstanding preferred stock and 0.99% 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.
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