Welcome!

News Feed Item

AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 30, 2012.

AllianceBernstein National Municipal Income Fund, Inc.






Top 10 Fixed-Income Holdings





Portfolio %


1)

Texas Trnsp Comm   Series 07  5.00%,  4/01/23    

3.21%


2)

Metropolitan Trnsp Auth NY (Metro Trnsp Auth     

2.78%



Ny Ded Tax)  Series 2012A  5.00%,  11/15/28



3)

Wayne State Univ MI   Series 2009  5.00%,         

2.51%



11/15/29



4)

Washington Fed Hwy Grant   Series 2012F         

2.49%



5.00%,  9/01/24



5)

Metro Atlanta Rapid Tran Auth GA     5.00%,         

2.13%



7/01/27



6)

Harris City TX Toll Road (Harris Cnty Tx Toll       

1.96%



Road)  Series 2012  5.00%,  8/15/30



7)

Triborough Brdg & Tunl Auth NY     5.00%,         

1.65%



1/01/26



8)

New York NY Trnsl Fin Auth   Series 2011B      

1.63%



5.00%,  2/01/26



9)

Univ of Illinois   AGM Series 07A 5.25%,          

1.62%



10/01/26



10)

Univ of Illinois   AGM Series 07A 5.25%,           

1.62%



10/01/26








Sector/Industry Breakdown





Portfolio %


Tax Supported



Special Tax                     

18.46%



Local G.O.                           

11.24%



State G.O.                            

5.01%



State Lease                               

3.23%



Tax-Supported Local Lease          

3.22%



Assessment District                   

2.73%



Tax-Supported State Lease           

1.44%


SUBTOTAL                                 

45.33%


Revenue




Water & Sewer                         

9.81%



Revenue - Miscellaneous                

7.07%



Toll Roads/Transit                         

6.73%



Airport                                         

4.08%



Higher Education - Public               

3.78%



Electric Utility                              

3.39%



Health Care - Not-for-Profit             

3.19%



Industrial Development - Utility        

2.30%



Higher Education - Private              

1.50%



Primary/Secondary Ed. - Private       

0.80%



Senior Living                              

0.80%



Prepay Energy                               

0.65%



Primary/Secondary Ed. - Public             

0.48%


SUBTOTAL                                            

44.58%


Prerefunded/ETM                                     

4.03%


Insured/Guaranteed




Insured                                      

2.41%



Guaranteed                                

1.44%


SUBTOTAL                                      

3.85%


Asset-Backed




Housing - Multi-Family              

1.56%



Housing - Single Family              

0.65%


SUBTOTAL                     

2.21%


Total                              

100.00%







State Breakdown






Portfolio %


Texas                                      

18.48%


New York                                 

16.04%


California

11.60%


Florida                                      

7.72%


Illinois                                      

5.72%


Michigan                                  

5.11%


Washington                               

4.73%


Louisiana                                     

4.15%


South Carolina                           

3.44%


Colorado                                 

2.64%


Georgia                                   

2.13%


Ohio                                       

1.68%


New Jersey                                   

1.66%


Oregon                                       

1.48%


Hawaii                                      

1.37%


Alaska                                   

1.34%


Puerto Rico                              

1.23%


Pennsylvania                            

1.14%


Alabama                                   

1.12%


Nevada                                   

1.01%


Wisconsin                              

0.94%


Arizona                                    

0.83%


Rhode Island                           

0.80%


North Carolina                            

0.58%


Mississippi                              

0.53%


Virginia                                  

0.49%


Tennessee                                 

0.36%


Maine                                      

0.33%


Indiana                                  

0.31%


Missouri                                

0.30%


Massachusetts                            

0.28%


Kansas                                       

0.19%


Minnesota                                   

0.16%


New Hampshire                            

0.11%


Total Investments                             

100.00%








Credit Quality Breakdown






Portfolio %




AAA                                        

22.00%




AA                                       

50.16%




A                                            

12.43%




BBB                                       

7.65%




BB                                           

0.27%




B                                           

0.41%




Not Rated                                  

3.05%




Pre-refunded Bonds                  

4.03%




Total Investments                     

100.00%







Portfolio Statistics:




AMT Percentage:                        

16.13%



Average Coupon:                        

5.72%



Percentage of Leverage:





Bank Borrowing:                         

0.00%




Investment Operations:                

3.08%




Preferred Stock:                       

35.05%




Tender Option Bonds:                

6.19%




Term Asset-Backed Loans Facility (TALF):     

0.00%




Total Fund Leverage:                  

               44.32%*



Average Effective Maturity:           

               6.13 Years



Effective Duration:                     

             5.47 Years



Total Net Assets:                   

          $691.00 Million**



Common Stock Net Asset Value:             

$15.62



Number of Holdings:                             

193



Portfolio Turnover:                            

10%

* The total percentage of leverage constitutes 6.19% through the use of tender option bonds, 35.05% in issued and outstanding preferred stock and 3.08% 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.

 

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
Automation is enabling enterprises to design, deploy, and manage more complex, hybrid cloud environments. Yet the people who manage these environments must be trained in and understanding these environments better than ever before. A new era of analytics and cognitive computing is adding intelligence, but also more complexity, to these cloud environments. How smart is your cloud? How smart should it be? In this power panel at 20th Cloud Expo, moderated by Conference Chair Roger Strukhoff, pane...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists looked at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deliver...
After more than five years of DevOps, definitions are evolving, boundaries are expanding, ‘unicorns’ are no longer rare, enterprises are on board, and pundits are moving on. Can we now look at an evolution of DevOps? Should we? Is the foundation of DevOps ‘done’, or is there still too much left to do? What is mature, and what is still missing? What does the next 5 years of DevOps look like? In this Power Panel at DevOps Summit, moderated by DevOps Summit Conference Chair Andi Mann, panelists loo...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...