AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 25, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 2011.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.38% |
|
2) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.50% |
|
3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.17% |
|
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 |
1.67% |
|
6) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.64% |
|
7) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) |
1.50% |
|
8) Twenty Fifth Ave Pptys WA (Univ Of WA Dorm 25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
1.41% |
|
9) Texas GO Series 02A 5.50%, 8/01/41 |
1.38% |
|
10) Los Angeles CA Regl Arpts Impt Corp. (Laxfuel Corp.) AMBAC Series 01 5.50%, 1/01/32 |
1.37% |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Health Care - Not-for-Profit |
8.18% |
|
Airport |
8.14% |
|
Water & Sewer |
6.47% |
|
Higher Education - Public |
4.58% |
|
Revenue - Miscellaneous |
3.84% |
|
Industrial Development - Utility |
2.52% |
|
Industrial Development - Industry |
2.09% |
|
Higher Education - Private |
1.74% |
|
Industrial Development - Airline |
1.37% |
|
Electric Utility |
1.13% |
|
Senior Living |
0.83% |
|
Health Care - Municipal |
0.80% |
|
Prepay Energy |
0.60% |
|
Primary/Secondary Ed. - Public |
0.47% |
|
Toll Roads/Transit |
0.27% |
|
SUBTOTAL |
43.03% |
|
Tax Supported |
||
Special Tax |
10.72% |
|
Local G.O. |
5.03% |
|
State G.O. |
4.92% |
|
Assessment District |
4.39% |
|
Tax-Supported State Lease |
2.37% |
|
Tax-Supported Local Lease |
2.14% |
|
State Lease |
1.64% |
|
Guaranteed |
1.26% |
|
SUBTOTAL |
32.47% |
|
Prerefunded/ETM |
10.82% |
|
Insured/Guaranteed |
||
Insured |
6.95% |
|
Guaranteed |
2.34% |
|
SUBTOTAL |
9.29% |
|
Asset-Backed |
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Housing - Multi-Family |
1.88% |
|
Housing - Single Family |
1.31% |
|
Student Loan |
1.12% |
|
SUBTOTAL |
4.31% |
|
Cash Equivalents |
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Investment Companies |
0.08% |
|
SUBTOTAL |
0.08% |
|
Total |
100.00% |
|
State Breakdown |
Portfolio % |
|
Texas |
20.69% |
|
California |
11.74% |
|
Illinois |
8.63% |
|
Florida |
7.11% |
|
New York |
6.06% |
|
Michigan |
4.26% |
|
Washington |
4.15% |
|
Alabama |
3.48% |
|
Wisconsin |
3.22% |
|
Colorado |
2.74% |
|
Louisiana |
2.60% |
|
Indiana |
2.38% |
|
Nevada |
1.78% |
|
Pennsylvania |
1.70% |
|
Alaska |
1.52% |
|
Oregon |
1.52% |
|
Tennessee |
1.48% |
|
Hawaii |
1.40% |
|
Puerto Rico |
1.40% |
|
South Carolina |
1.36% |
|
Virginia |
1.24% |
|
Ohio |
1.19% |
|
Massachusetts |
1.10% |
|
Arizona |
1.02% |
|
Rhode Island |
0.85% |
|
New Jersey |
0.80% |
|
New Hampshire |
0.74% |
|
North Carolina |
0.62% |
|
Mississippi |
0.58% |
|
District of Columbia |
0.51% |
|
Missouri |
0.48% |
|
North Dakota |
0.39% |
|
Georgia |
0.36% |
|
Utah |
0.22% |
|
Arkansas |
0.20% |
|
Kansas |
0.18% |
|
Minnesota |
0.17% |
|
Iowa |
0.05% |
|
Other |
0.08% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
19.50% |
|
AAA(Pre-refunded Bonds) |
10.82% |
|
AA |
26.62% |
|
A |
24.13% |
|
BBB |
14.59% |
|
Short Term Investments |
0.08% |
|
Not Rated |
4.26% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
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AMT Percentage: |
17.67% |
|
Average Coupon: |
5.65 |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.61% |
|
Preferred Stock: |
37.03% |
|
Tender Option Bonds: |
6.54% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
44.18%* |
|
Average Maturity: |
5.00 Years |
|
Effective Duration: |
5.19 Years |
|
Total Net Assets: |
$654.17 Million** |
|
Common Stock Net Asset Value: |
$14.35 |
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Number of Holdings: |
208 |
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* The total percentage of leverage constitutes 6.54% through the use of tender option bonds, 37.03% in issued and outstanding preferred stock and 0.61% 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. |
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** Includes 242,225,000 of preferred stock at liquidation value. |
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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. |
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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