AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 25, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Texas Transp Commission Series 07 5.00%, 3.35%
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 Arpt) 2.16%
NPFGC Series A 5.375%, 1/01/32
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.94%
Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32
5) Univ of Illinois AGM Series 07A 5.25%, 1.66%
10/01/26
6) Indianapolis IN Loc Bond Bank NPFGC Series 2A 1.63%
5.25%, 7/01/33 (Prerefunded/ETM)
7) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.62%
House Apts) NPFGC Series 01A 5.55%, 10/01/36
8) Texas GO Series 02A 5.50%, 8/01/41 1.45%
9) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.38%
25th Ave) NPFGC Series 02 5.25%, 6/01/33
10) Gulf Coast Wtr Auth TX (Anheuser-busch Cos., 1.37%
Inc.) Series 02 5.90%, 4/01/36
Sector/Industry Breakdown
Portfolio %
Prerefunded/ETM 11.62%
Health Care - Not-for-Profit 10.32%
Special Tax 8.10%
Airport 8.06%
Insured 7.90%
Local G.O. 6.29%
State G.O. 5.64%
Assessment District 4.82%
Higher Education - Public 4.55%
Revenue - Miscellaneous 3.42%
Water & Sewer 3.40%
Housing - Multi-Family 2.94%
Industrial Development - Utility 2.53%
Tax-Supported Local Lease 2.41%
Guaranteed 2.34%
Industrial Development - Industry 2.21%
Tax-Supported State Lease 2.19%
Housing - Single Family 2.12%
Higher Education - Private 1.80%
State Lease 1.66%
Industrial Development - Airline 1.24%
Student Loan 1.18%
Senior Living 0.85%
Health Care - Municipal 0.80%
Prepay Energy 0.62%
Primary/Secondary Ed. - Public 0.48%
Toll Roads/Transit 0.26%
Electric Utility 0.25%
Total 100.00%
State Breakdown
Portfolio %
Texas 18.84%
California 11.57%
Illinois 8.88%
Florida 7.33%
Michigan 4.38%
Washington 3.64%
Alabama 3.60%
Colorado 3.51%
Wisconsin 3.24%
New York 3.19%
Louisiana 2.61%
Indiana 2.60%
Pennsylvania 2.55%
Nevada 2.47%
Ohio 2.10%
Massachusetts 1.86%
Alaska 1.56%
South Carolina 1.55%
Tennessee 1.53%
Puerto Rico 1.44%
Hawaii 1.37%
Virginia 1.26%
Arizona 1.03%
Georgia 0.92%
New Jersey 0.89%
Rhode Island 0.86%
New Hampshire 0.80%
Oregon 0.71%
North Carolina 0.63%
Mississippi 0.61%
District of Columbia 0.53%
Missouri 0.49%
North Dakota 0.41%
Minnesota 0.32%
Arkansas 0.24%
Utah 0.23%
Kansas 0.19%
Iowa 0.06%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 18.32%
AAA(Pre-refunded Bonds) 11.59%
AA 25.43%
A 22.34%
BBB 15.85%
BB 1.41%
Not Rated 5.06%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 19.60%
Average Coupon: 5.40%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Preferred Stock: 38.70%
Tender Option Bonds: 6.83%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 45.53%*
Average Maturity: 11.35 Years
Effective Duration: 7.57 Years
Total Net Assets: $625.93 Million**
Common Stock Net Asset Value: $13.37
Number of Holdings: 216
* The total percentage of leverage constitutes 6.83% through the use of tender option bonds, 38.70% in issued and outstanding preferred stock and 0.00% 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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