AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 28 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of August 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Texas Transp Commission Series 07 5.00%, 3.38% 4/01/23 2) Wayne State Univ MI Series 2009 5.00%, 2.56% 11/15/29 3) Chicago IL O'hare Intl Arpt (O'hare Intl Arpt) 2.16% NPFGC Series A 5.375%, 1/01/32 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.96% Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.68% House Apts) NPFGC Series 01A 5.55%, 10/01/36 6) Univ of Illinois AGM Series 07A 5.25%, 1.68% 10/01/26 7) Indianapolis IN Loc Bond Bank NPFGC Series 2A 1.56% 5.25%, 7/01/33 (Prerefunded/ETM) 8) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.41% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 9) Texas GO Series 02A 5.50%, 8/01/41 1.39% 10) Los Angeles CA Regl Arpts (Laxfuel Corp.) 1.37% AMBAC Series 01 5.50%, 1/01/32 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 12.08% Health Care - Not-for-Profit 11.19% Special Tax 8.21% Airport 8.11% Insured 7.87% Local G.O. 6.18% State G.O. 5.57% Higher Education - Public 4.65% Assessment District 4.59% Revenue - Miscellaneous 4.05% Housing - Multi-Family 2.94% Tax-Supported Local Lease 2.49% Water & Sewer 2.43% Guaranteed 2.33% Industrial Development - Utility 2.30% Industrial Development - Industry 2.24% Housing - Single Family 2.16% State Lease 1.68% Tax-Supported State Lease 1.58% Higher Education - Private 1.55% Industrial Development - Airline 1.37% Student Loan 1.11% Health Care - Municipal 0.87% Senior Living 0.85% Prepay Energy 0.61% Primary/Secondary Ed. - Public 0.48% Toll Roads/Transit 0.27% Electric Utility 0.24% Total 100.00% State Breakdown Portfolio % Texas 18.70% California 10.76% Illinois 8.77% Florida 7.99% Michigan 5.48% Washington 3.69% Colorado 3.66% Alabama 3.52% Wisconsin 3.21% New York 2.98% Louisiana 2.55% Indiana 2.52% Nevada 2.45% Pennsylvania 2.33% Ohio 2.05% Massachusetts 1.79% South Carolina 1.57% Alaska 1.52% Tennessee 1.46% Puerto Rico 1.42% Hawaii 1.39% Virginia 1.24% Arizona 1.03% New Jersey 0.90% Georgia 0.88% Rhode Island 0.84% New Hampshire 0.77% Mississippi 0.72% Oregon 0.70% North Carolina 0.62% District of Columbia 0.51% Missouri 0.49% North Dakota 0.41% Minnesota 0.32% Arkansas 0.28% Utah 0.22% Kansas 0.19% Iowa 0.07% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 23.74% AAA(Pre-refunded Bonds) 12.11% AA 20.11% A 24.24% BBB 13.42% BB 1.43% N/R 4.95% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 20.45% Average Coupon: 5.19% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 0.56% Preferred Stock: 36.66% Tender Option Bonds: 6.47% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 43.69%* Average Maturity: 7.07 Years Effective Duration: 5.04 Years Total Net Assets: $660.8 Million** Common Stock Net Asset Value: $14.59 Number of Holdings: 219
The total percentage of leverage constitutes 6.47% through the use of tender option bonds, 36.66% in issued and outstanding preferred stock and 0.56% 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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