AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 27, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of February 29, 2012.
AllianceBernstein National Municipal Income Fund, Inc. |
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|
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Top 10 Fixed-Income Holdings |
Portfolio % |
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.36% |
2) Wayne State Univ MI Series 2009 5.00%, |
2.53% |
11/15/29 |
|
3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) |
2.09% |
NPFGC Series A 5.375%, 1/01/32 |
|
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.92% |
Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
|
5) Triborough Brdg & Tunl Auth NY 5.00%, |
1.68% |
1/01/26 |
|
6) Bexar Cnty TX HFC MFHR (Doral Club & Sutton |
1.68% |
House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
|
7) New York NY Trnsl Fin Auth Series 2011B |
1.66% |
5.00%, 2/01/26 |
|
8) Univ of Illinois AGM Series 07A 5.25%, |
1.63% |
10/01/26 |
|
9) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.42% |
5.25%, 7/01/33 (Prerefunded/ETM) |
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10) Twenty Fifth Ave Pptys WA NPFGC Series 02 |
1.38% |
5.25%, 6/01/33 (Prerefunded/ETM) |
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Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Health Care - Not-for-Profit |
7.84% |
Airport |
7.77% |
Water & Sewer |
6.51% |
Higher Education - Public |
3.86% |
Industrial Development - Utility |
2.44% |
Revenue - Miscellaneous |
2.21% |
Toll Roads/Transit |
1.95% |
Higher Education - Private |
1.74% |
Industrial Development - Industry |
1.61% |
Industrial Development - Airline |
1.33% |
Electric Utility |
1.32% |
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Primary/Secondary Ed. - Private |
0.83% |
Senior Living |
0.79% |
Health Care - Municipal |
0.77% |
Prepay Energy |
0.62% |
Primary/Secondary Ed. - Public |
0.48% |
SUBTOTAL |
42.07% |
Tax Supported |
|
Special Tax |
12.34% |
Local G.O. |
7.06% |
State G.O. |
5.59% |
Assessment District |
4.59% |
Tax-Supported Local Lease |
3.35% |
Tax-Supported State Lease |
2.19% |
State Lease |
1.63% |
SUBTOTAL |
36.75% |
Prerefunded/ETM |
10.66% |
Asset-Backed |
|
Housing - Multi-Family |
3.53% |
Student Loan |
1.08% |
Housing - Single Family |
0.88% |
SUBTOTAL |
5.49% |
Insured/Guaranteed |
|
Insured |
2.52% |
Guaranteed |
1.47% |
SUBTOTAL |
3.99% |
Cash Equivalents |
|
Investment Companies |
1.04% |
SUBTOTAL |
1.04% |
Total |
100.00% |
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|
State Breakdown |
Portfolio % |
Texas |
20.10% |
California |
11.61% |
New York |
10.64% |
Florida |
7.10% |
Illinois |
6.78% |
Michigan |
4.26% |
Washington |
3.68% |
Alabama |
3.35% |
Wisconsin |
3.00% |
Colorado |
2.70% |
Louisiana |
2.55% |
Nevada |
1.72% |
Pennsylvania |
1.72% |
Indiana |
1.72% |
Oregon |
1.53% |
Alaska |
1.45% |
Tennessee |
1.44% |
Puerto Rico |
1.39% |
Hawaii |
1.39% |
South Carolina |
1.35% |
Virginia |
1.22% |
Massachusetts |
1.08% |
Arizona |
1.03% |
Ohio |
0.92% |
Rhode Island |
0.83% |
New Jersey |
0.81% |
North Carolina |
0.60% |
Mississippi |
0.56% |
District of Columbia |
0.49% |
Missouri |
0.48% |
North Dakota |
0.38% |
Georgia |
0.35% |
Utah |
0.21% |
Kansas |
0.19% |
Minnesota |
0.17% |
New Hampshire |
0.12% |
Iowa |
0.04% |
Other |
1.04% |
Total Investments |
100.00% |
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|
Credit Quality Breakdown |
Portfolio % |
AAA |
21.71% |
AA |
27.33% |
A |
22.80% |
BBB |
12.03% |
B |
0.41% |
Not Rated |
4.02% |
Pre-refunded Bonds |
10.66% |
Short Term Investments |
1.04% |
Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
18.63% |
Average Coupon: |
5.80 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.92% |
Preferred Stock: |
36.12% |
Tender Option Bonds: |
6.38% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
43.42%* |
Average Maturity: |
4.27 Years |
Effective Duration: |
4.09 Years |
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Total Net Assets: |
$670.65 Million** |
Common Stock Net Asset Value: |
$14.92 |
Number of Holdings: |
205 |
* The total percentage of leverage constitutes 6.38% through the use of tender option bonds, 36.12% in issued and outstanding preferred stock and 0.92% 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.
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