ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Jan. 26, 2016 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 2015.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1) Texas Trnsp Comm 5.00%,
4/01/23 3.08%
2) Wayne State University
Series 2009A 5.00%, 11/15/29 2.62%
3) State of Connecticut Special
Tax Revenue Series 2012 5.00%,
1/01/29 2.29%
4) Massachusetts School
Building Authority
(Massachusetts School Building
Authority Sales Tax) Series
2011B 5.00%, 10/15/32 2.17%
5) Los Angeles Department of
Water & Power PWR Series 2013B
5.00%, 7/01/30 1.69%
6) City of New York NY Series
2012I 5.00%, 8/01/28 1.47%
7) Miami Beach Health
Facilities Authority (Mount
Sinai Medical Center of
Florida, Inc.) Series 2014
5.00%, 11/15/39 1.43%
8) Port Authority of New York &
New Jersey Series 2014186
5.00%, 10/15/44 1.27%
9) New York State Dormitory
Authority (State of New York
Pers Income Tax) Series 2012B
5.00%, 3/15/32 1.26%
10) Pennsylvania Economic
Development Financing
Authority (PA Bridges Finco
LP) Series 2015 5.00%,
12/31/38 1.24%
Sector/Industry Breakdown Portfolio %
Revenue
Health Care - Not-for-Profit 9.96%
Toll Roads/Transit 9.17%
Higher Education - Public 7.03%
Airport 6.61%
Water & Sewer 5.74%
Electric Utility 4.00%
Revenue - Miscellaneous 3.77%
Industrial Development -
Utility 0.97%
Port 0.85%
Prepay Energy 0.69%
Senior Living 0.42%
Primary/Secondary Ed. - Public 0.34%
Higher Education - Private 0.32%
SUBTOTAL 49.87%
Tax Supported
Special Tax 18.31%
State G.O. 7.37%
Local G.O. 7.34%
Tax-Supported State Lease 2.56%
Tax-Supported Local Lease 2.42%
SUBTOTAL 38.00%
Prerefunded/ETM 6.52%
Note/VRDBs
Money Market 3.08%
SUBTOTAL 3.08%
Insured/Guaranteed
Guaranteed 0.92%
Insured 0.70%
SUBTOTAL 1.62%
Cash Equivalents
Investment Companies 0.91%
SUBTOTAL 0.91%
Total 100.00%
State Breakdown Portfolio %
New York 16.57%
California 15.83%
Texas 12.59%
Connecticut 5.95%
Florida 5.75%
Pennsylvania 5.00%
Michigan 4.90%
Illinois 4.60%
New Jersey 4.16%
Massachusetts 2.58%
Colorado 2.02%
Hawaii 1.71%
Washington 1.60%
Tennessee 1.51%
North Carolina 1.40%
Louisiana 1.33%
Kentucky 1.25%
Maryland 1.04%
South Carolina 1.03%
Ohio 1.02%
Alabama 0.92%
Oregon 0.85%
District of Columbia 0.84%
Indiana 0.79%
Georgia 0.78%
Arizona 0.69%
Mississippi 0.57%
Minnesota 0.44%
Arkansas 0.31%
Missouri 0.31%
Alaska 0.28%
Oklahoma 0.26%
Wisconsin 0.21%
Other 0.91%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 15.24%
AA 48.29%
A 17.69%
BBB 10.17%
B 0.24%
Not Rated 0.94%
Pre-refunded Bonds 6.52%
Short Term Investments 0.91%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.91%
1 to 5 years 0.93%
5 to 10 years 11.98%
10 to 20 years 67.19%
20 to 30 years 18.99%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 9.45%
Average Coupon: 5.40%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Auction Preferred Shares (APS): 13.95%
Tender Option Bonds: 6.51%
Variable Rate MuniFund Term
Preferred Shares (VMTPs): 21.36%
Total Fund Leverage: 41.82%*
Average Effective Maturity: 6.33 Years
Effective Duration: 5.60 Years
Total Net Assets: $527.64 Million**
Common Stock Net Asset Value: $15.15
Number of Holdings: 171
Portfolio Turnover: 24%
* The total percentage of leverage constitutes 6.51% through the use
of tender option bonds, 13.95% in issued and outstanding APS,
21.36% in issued and outstanding VMTPs 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 $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.
