AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 28, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of May 31, 2011.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.39% |
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2) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.54% |
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3) Chicago IL O'Hare Intl Arpt (O'hare Intl Arpt) |
2.10% |
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NPFGC Series A 5.375%, 1/01/32 |
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4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.96% |
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Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
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5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton |
1.66% |
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House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
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6) Univ of Illinois AGM Series 07A 5.25%, |
1.63% |
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10/01/26 |
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7) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.56% |
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5.25%, 7/01/33 (Prerefunded/ETM) |
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8) Twenty Fifth Ave Pptys WA (Univ Of Wa Dorm |
1.45% |
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25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
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9) Texas GO Series 02A 5.50%, 8/01/41 |
1.41% |
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10) Gulf Coast Wtr Auth TX (Anheuser-busch Cos., |
1.34% |
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Inc.) Series 02 5.90%, 4/01/36 |
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Sector/Industry Breakdown |
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Portfolio % |
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Revenue |
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Health Care - Not-for-Profit |
9.32% |
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Airport |
8.06% |
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Higher Education - Public |
4.64% |
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Revenue - Miscellaneous |
4.32% |
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Water & Sewer |
3.41% |
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Industrial Development - Utility |
2.50% |
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Industrial Development - Industry |
2.15% |
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Higher Education - Private |
1.70% |
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Industrial Development - Airline |
1.30% |
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Electric Utility |
1.13% |
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Senior Living |
0.81% |
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Health Care - Municipal |
0.80% |
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Prepay Energy |
0.60% |
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Primary/Secondary Ed. - Public |
0.47% |
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Toll Roads/Transit |
0.27% |
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SUBTOTAL |
41.48% |
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Tax Supported |
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Special Tax |
9.96% |
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Local G.O. |
6.23% |
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State G.O. |
5.56% |
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Assessment District |
4.72% |
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Tax-Supported State Lease |
2.23% |
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Tax-Supported Local Lease |
2.16% |
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State Lease |
1.63% |
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SUBTOTAL |
32.49% |
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Prerefunded/ETM |
10.82% |
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Insured/Guaranteed |
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Insured |
7.90% |
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Guaranteed |
2.33% |
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SUBTOTAL |
10.23% |
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Asset-Backed |
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Housing - Multi-Family |
1.95% |
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Housing - Single Family |
1.50% |
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Student Loan |
1.15% |
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SUBTOTAL |
4.60% |
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Cash Equivalents |
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Investment Companies |
0.38% |
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SUBTOTAL |
0.38% |
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Total |
100.00% |
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State Breakdown |
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Portfolio % |
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Texas |
18.84% |
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California |
11.65% |
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Illinois |
8.63% |
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Florida |
7.57% |
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Washington |
4.60% |
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New York |
4.40% |
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Michigan |
4.28% |
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Alabama |
3.53% |
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Wisconsin |
3.23% |
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Colorado |
2.72% |
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Louisiana |
2.59% |
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Indiana |
2.48% |
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Nevada |
2.42% |
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Pennsylvania |
2.25% |
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Ohio |
1.70% |
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Massachusetts |
1.55% |
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Alaska |
1.53% |
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Tennessee |
1.50% |
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Oregon |
1.49% |
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Puerto Rico |
1.41% |
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Hawaii |
1.36% |
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South Carolina |
1.36% |
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Virginia |
1.22% |
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Arizona |
1.01% |
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New Jersey |
0.85% |
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Rhode Island |
0.84% |
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New Hampshire |
0.77% |
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North Carolina |
0.62% |
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Mississippi |
0.59% |
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District of Columbia |
0.52% |
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Missouri |
0.49% |
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North Dakota |
0.41% |
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Georgia |
0.37% |
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Utah |
0.22% |
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Arkansas |
0.22% |
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Kansas |
0.17% |
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Minnesota |
0.17% |
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Iowa |
0.06% |
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Other |
0.38% |
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Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
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AAA |
20.97% |
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AAA(Pre-refunded Bonds) |
10.82% |
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AA |
23.56% |
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A |
25.30% |
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BBB |
14.07% |
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BB |
0.26% |
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Short Term Investments |
0.38% |
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Not Rated |
4.64% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
17.91% |
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Average Coupon: |
5.50 |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
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Investment Operations: |
0.09% |
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Preferred Stock: |
37.98% |
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Tender Option Bonds: |
6.71% |
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Term Asset-Backed Loans Facility (TALF): |
0.00% |
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Total Fund Leverage: |
44.78%* |
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Average Maturity: |
9.74 Years |
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Effective Duration: |
6.65 Years |
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Total Net Assets: |
$637.80 Million** |
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Common Stock Net Asset Value: |
$13.78 |
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Number of Holdings: |
214 |
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* The total percentage of leverage constitutes 6.71% through the use of tender option bonds, 37.98% in issued and outstanding preferred stock and 0.09% 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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