AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2010 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of October 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Texas Transp Commission Series 07 5.00%, 3.30% 4/01/23 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) 2.17% NPFGC Series A 5.375%, 1/01/32 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.97% Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.67% House Apts) NPFGC Series 01A 5.55%, 10/01/36 6) Univ of Illinois AGM Series 07A 5.25%, 1.65% 10/01/26 7) Indianapolis IN Loc Bond Bank NPFGC Series 2A 1.55% 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 % Health Care - Not-for-Profit 11.32% Prerefunded/ETM 11.08% Airport 8.10% Special Tax 8.08% Insured 7.81% Local G.O. 6.19% State G.O. 5.53% Higher Education - Public 4.59% Assessment District 4.58% Revenue - Miscellaneous 3.44% Water & Sewer 3.27% Housing - Multi-Family 2.92% Tax-Supported Local Lease 2.70% Industrial Development - Utility 2.55% Guaranteed 2.30% Tax-Supported State Lease 2.15% Housing - Single Family 2.10% Industrial Development - Industry 2.10% Higher Education - Private 1.80% State Lease 1.65% Industrial Development - Airline 1.37% Student Loan 1.11% Senior Living 0.85% Health Care - Municipal 0.80% Prepay Energy 0.62% Primary/Secondary Ed. - Public 0.48% Toll Roads/Transit 0.27% Electric Utility 0.24% Total 100.00% State Breakdown Portfolio % Texas 18.55% California 11.74% Illinois 8.79% Florida 7.21% Michigan 5.45% Washington 3.65% Alabama 3.50% Colorado 3.45% Wisconsin 3.21% New York 3.20% Louisiana 2.57% Pennsylvania 2.57% Indiana 2.50% Nevada 2.44% Ohio 2.06% Massachusetts 1.79% South Carolina 1.57% Alaska 1.50% Tennessee 1.47% Puerto Rico 1.41% Hawaii 1.39% Virginia 1.24% Arizona 1.03% New Jersey 0.90% Georgia 0.88% Rhode Island 0.83% New Hampshire 0.77% Oregon 0.70% North Carolina 0.61% Mississippi 0.58% District of Columbia 0.51% Missouri 0.48% North Dakota 0.41% Minnesota 0.32% Arkansas 0.24% Utah 0.22% Kansas 0.19% Iowa 0.07% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 18.56% AAA(Pre-refunded Bonds) 11.08% AA 25.16% A 25.47% BBB 13.33% BB 1.45% N/R 4.95% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 19.65% Average Coupon: 5.48% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 1.10% Preferred Stock: 36.89% Tender Option Bonds: 6.51% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 44.50%* Average Maturity: 7.02 Years Effective Duration: 5.03 Years Total Net Assets: $656.7 Million** Common Stock Net Asset Value: $14.44 Number of Holdings: 219
The total percentage of leverage constitutes 6.51% through the use of tender option bonds, 36.89% in issued and outstanding preferred stock and 1.10% 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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