AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 29, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of October 31, 2011.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings |
|
|
Portfolio % |
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.36% |
2) Wayne State Univ MI Series 2009 5.00%, |
2.48% |
11/15/29 |
|
3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) |
2.18% |
NPFGC Series A 5.375%, 1/01/32 |
|
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.98% |
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) Triborough Brdg & Tunl Auth NY 5.00%, |
1.64% |
1/01/26 |
|
7) Univ of Illinois AGM Series 07A 5.25%, |
1.63% |
10/01/26 |
|
8) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.50% |
5.25%, 7/01/33 (Prerefunded/ETM) |
|
9) Twenty Fifth Ave Pptys WA (Univ Of WA Dorm |
1.42% |
25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
|
10) Texas GO Series 02A 5.50%, 8/01/41 |
1.39% |
|
|
Sector/Industry Breakdown |
|
|
Portfolio % |
Revenue |
|
Health Care - Not-for-Profit |
7.97% |
Airport |
7.97% |
Water & Sewer |
6.44% |
Higher Education - Public |
4.56% |
Revenue - Miscellaneous |
3.85% |
Industrial Development - Utility |
2.51% |
Toll Roads/Transit |
1.90% |
Higher Education - Private |
1.74% |
Industrial Development - Industry |
1.68% |
Industrial Development - Airline |
1.36% |
Electric Utility |
1.12% |
Senior Living |
0.83% |
Health Care - Municipal |
0.80% |
Prepay Energy |
0.61% |
Primary/Secondary Ed. - Public |
0.47% |
SUBTOTAL |
43.81% |
Tax Supported |
|
Special Tax |
10.65% |
Local G.O. |
5.02% |
State G.O. |
4.94% |
Assessment District |
4.39% |
Tax-Supported State Lease |
2.37% |
Tax-Supported Local Lease |
2.13% |
State Lease |
1.63% |
Guaranteed |
1.26% |
SUBTOTAL |
32.39% |
Prerefunded/ETM |
10.81% |
Insured/Guaranteed |
|
Insured |
6.33% |
Guaranteed |
2.34% |
SUBTOTAL |
8.67% |
Asset-Backed |
|
Housing - Multi-Family |
1.89% |
Housing - Single Family |
1.31% |
Student Loan |
1.12% |
SUBTOTAL |
4.32% |
Total |
100.00% |
|
|
State Breakdown |
|
|
Portfolio % |
Texas |
20.54% |
California |
11.72% |
Illinois |
8.64% |
New York |
7.64% |
Florida |
6.46% |
Michigan |
4.25% |
Washington |
4.14% |
Alabama |
3.48% |
Wisconsin |
3.24% |
Colorado |
2.74% |
Louisiana |
2.60% |
Indiana |
1.95% |
Nevada |
1.77% |
Pennsylvania |
1.70% |
Oregon |
1.52% |
Alaska |
1.51% |
Tennessee |
1.49% |
Hawaii |
1.39% |
Puerto Rico |
1.39% |
South Carolina |
1.35% |
Virginia |
1.24% |
Massachusetts |
1.10% |
Arizona |
1.02% |
Ohio |
0.95% |
Rhode Island |
0.85% |
New Jersey |
0.80% |
New Hampshire |
0.74% |
North Carolina |
0.62% |
Mississippi |
0.58% |
District of Columbia |
0.52% |
Missouri |
0.48% |
North Dakota |
0.39% |
Georgia |
0.37% |
Utah |
0.22% |
Arkansas |
0.19% |
Minnesota |
0.18% |
Kansas |
0.18% |
Iowa |
0.05% |
Total Investments |
100.00% |
|
|
Credit Quality Breakdown |
|
|
Portfolio % |
AAA |
19.47% |
AAA(Pre-refunded Bonds) |
10.81% |
AA |
27.96% |
A |
23.54% |
BBB |
13.97% |
Not Rated |
4.25% |
Total Investments |
100.00% |
|
|
Portfolio Statistics: |
|
AMT Percentage: |
16.81% |
Average Coupon: |
5.61 |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.83% |
Preferred Stock: |
37.18% |
Tender Option Bonds: |
6.57% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.58%* |
Average Maturity: |
5.19 Years |
Effective Duration: |
5.47 Years |
Total Net Assets: |
$651.42 Million** |
Common Stock Net Asset Value: |
$14.26 |
Number of Holdings: |
205 |
|
|
* The total percentage of leverage constitutes 6.57% through the use of tender option bonds, 37.18% in issued and outstanding preferred stock and 0.83% 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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