AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Aug. 25 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of July 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio % |
||
1) Texas Transp Commission Series 07 5.00%, 4/01/23 |
3.33% |
|
2) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.51% |
|
3) Chicago IL O'hare Intl Arpt (O'hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.15% |
|
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
1.97% |
|
5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
1.66% |
|
6) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.63% |
|
7) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) |
1.58% |
|
8) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
1.42% |
|
9) Texas GO Series 02A 5.50%, 8/01/41 |
1.40% |
|
10) Los Angeles CA Regl Arpts (Laxfuel Corp.) AMBAC Series 01 5.50%, 1/01/32 |
1.38% |
|
Sector/Industry Breakdown
Portfolio % |
||
Prerefunded/ETM |
12.56% |
|
Health Care - Not-for-Profit |
11.20% |
|
Special Tax |
8.09% |
|
Airport |
8.06% |
|
Insured |
7.83% |
|
Local G.O. |
6.12% |
|
State G.O. |
5.50% |
|
Higher Education - Public |
4.59% |
|
Assessment District |
4.58% |
|
Revenue - Miscellaneous |
4.04% |
|
Housing - Multi-Family |
3.01% |
|
Tax-Supported Local Lease |
2.47% |
|
Water & Sewer |
2.39% |
|
Industrial Development - Utility |
2.30% |
|
Guaranteed |
2.30% |
|
Industrial Development - Industry |
2.25% |
|
Housing - Single Family |
2.19% |
|
State Lease |
1.63% |
|
Tax-Supported State Lease |
1.56% |
|
Higher Education - Private |
1.54% |
|
Industrial Development - Airline |
1.38% |
|
Student Loan |
1.12% |
|
Health Care - Municipal |
0.87% |
|
Senior Living |
0.84% |
|
Prepay Energy |
0.60% |
|
Primary/Secondary Ed. - Public |
0.48% |
|
Toll Roads/Transit |
0.26% |
|
Electric Utility |
0.24% |
|
Total |
100.00% |
|
State Breakdown
Portfolio % |
||
Texas |
18.52% |
|
California |
10.62% |
|
Illinois |
8.73% |
|
Florida |
8.05% |
|
Michigan |
5.42% |
|
Alabama |
3.85% |
|
Washington |
3.66% |
|
Colorado |
3.65% |
|
Wisconsin |
3.23% |
|
New York |
2.94% |
|
Louisiana |
2.55% |
|
Indiana |
2.55% |
|
Nevada |
2.45% |
|
Pennsylvania |
2.34% |
|
Ohio |
2.05% |
|
Massachusetts |
1.88% |
|
South Carolina |
1.55% |
|
Alaska |
1.52% |
|
Tennessee |
1.47% |
|
Puerto Rico |
1.40% |
|
Hawaii |
1.38% |
|
Virginia |
1.24% |
|
Arizona |
1.01% |
|
New Jersey |
0.90% |
|
Georgia |
0.89% |
|
Rhode Island |
0.83% |
|
New Hampshire |
0.78% |
|
Mississippi |
0.73% |
|
Oregon |
0.70% |
|
North Carolina |
0.61% |
|
District of Columbia |
0.51% |
|
Missouri |
0.49% |
|
North Dakota |
0.41% |
|
Minnesota |
0.32% |
|
Arkansas |
0.29% |
|
Utah |
0.22% |
|
Kansas |
0.19% |
|
Iowa |
0.07% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown
Portfolio % |
||
AAA |
23.53% |
|
AAA(Pre-refunded Bonds) |
12.57% |
|
AA |
19.90% |
|
A |
23.95% |
|
BBB |
13.67% |
|
BB |
1.43% |
|
N/R |
4.95% |
|
Total Investments |
100.00% |
|
Portfolio Statistics:
AMT Percentage: |
20.72% |
|
Average Coupon: |
5.18% |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.89% |
|
Preferred Stock: |
37.21% |
|
Tender Option Bonds: |
6.57% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
44.67%* |
|
Average Maturity: |
8.35 Years |
|
Effective Duration: |
5.82 Years |
|
Total Net Assets: |
$651.0 Million** |
|
Common Stock Net Asset Value: |
$14.25 |
|
Number of Holdings: |
221 |
|
* The total percentage of leverage constitutes 6.57% through the use of tender option bonds, 37.21% in issued and outstanding preferred stock and 0.89% 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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