AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 26 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)Texas Transp Commission Series 07 5.00%, 3.33% 4/01/23 2)Wayne State Univ MI Series 2009 5.00%, 2.49% 11/15/29 3)Chicago IL O'Hare Intl Arpt (O'Hare Intl 2.14% Arpt) NPFGC Series A 5.375%, 1/01/32 4)Wisconsin Hlth & Ed Fac Auth (Ministry 1.91% Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5)Univ of Illinois FSA Series 07A 5.25%, 1.67% 10/01/26 6)Indianapolis IN Loc Bond Bank NPFGC Series 1.64% 2A 5.25%, 7/01/33 (Prerefunded/ETM) 7)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.63% House Apts) NPFGC Series 01A 5.55%, 10/01/36 8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.44% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 9)Texas GO Series 02A 5.50%, 8/01/41 1.41% 10)Los Angeles CA Regl Arpts (Laxfuel 1.38% Corporation) AMBAC Series 01 5.50%, 1/01/32 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 12.25% Health Care - Not-for-Profit 11.28% Airport/Ports 7.34% Insured 6.19% Local G.O. 6.17% Higher Education - Public 5.05% State G.O. 4.92% Revenue - Miscellaneous 4.28% Higher Education 4.17% Special Tax 3.63% Assessment District 3.50% Transportation 3.33% Housing - Multi-Family 3.08% Tax-Supported Local Lease 2.47% Housing - Single Family 2.34% Guaranteed 2.31% Industrial Development - Industry 2.30% Industrial Development - Utility 2.27% Money Market 2.08% Water & Sewer 1.84% Prepay Energy 1.63% Tax-Supported State Lease 1.59% Higher Education - Private 1.47% Industrial Development - Airline 1.38% Health Care - Municipal 1.28% Student Loan 1.14% Primary/Secondary Ed. - Public 0.45% Electric Utility 0.26% Total 100.00% State Breakdown Portfolio % Texas 18.39% California 10.42% Illinois 8.83% Florida 8.12% Michigan 5.36% Alabama 3.82% Wisconsin 3.65% Washington 3.16% New York 2.94% Nevada 2.90% Colorado 2.65% Indiana 2.63% Louisiana 2.54% Tennessee 2.52% Massachusetts 2.48% Ohio 2.05% Pennsylvania 1.72% Alaska 1.63% South Carolina 1.59% Puerto Rico 1.38% Virginia 1.24% Arizona 1.01% Georgia 0.93% New Jersey 0.89% Mississippi 0.86% Rhode Island 0.81% New Hampshire 0.81% Oregon 0.67% Hawaii 0.64% North Carolina 0.62% District Of Columbia 0.52% Missouri 0.50% North Dakota 0.41% Arkansas 0.33% Minnesota 0.31% Utah 0.22% West Virginia 0.19% Kansas 0.18% Iowa 0.08% Total 100.00% Credit Quality Breakdown Portfolio % AAA 33.14% AA 21.33% A 26.26% BBB 14.40% BB 3.73% B 0.33% CCC 0.41% A-1+ 0.40% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 20.70% Average Coupon: 5.09% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 4.78% Preferred Stock: 26.21% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 30.99%* Avg. Maturity: 10.22 Years Effective Duration: 6.95 Years Total Net Assets: $637.8 Million Net Asset Value: $13.79 Number of Holdings: 223
* The total percentage of leverage constitutes 26.21% in issued and outstanding preferred stock and 4.78% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
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.
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