AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 25, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 2011.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
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Portfolio % |
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.37% |
2) Wayne State Univ MI Series 2009 5.00%, |
2.51% |
11/15/29 |
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3) Chicago IL O'Hare Intl Arpt (O'hare Intl Arpt) |
2.14% |
NPFGC Series A 5.375%, 1/01/32 |
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4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.95% |
Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
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5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton |
1.71% |
House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
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6) Triborough Brdg & Tunl Auth NY 5.00%, |
1.67% |
1/01/26 |
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7) New York NY Trnsl Fin Auth Series 2011B |
1.65% |
5.00%, 2/01/26 |
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8) Univ of Illinois AGM Series 07A 5.25%, |
1.64% |
10/01/26 |
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9) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.46% |
5.25%, 7/01/33 (Prerefunded/ETM) |
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10) Twenty Fifth Ave Pptys WA (Univ of WA Dorm |
1.39% |
25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
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Sector/Industry Breakdown |
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Portfolio % |
Revenue |
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Health Care - Not-for-Profit |
7.89% |
Airport |
7.87% |
Water & Sewer |
6.47% |
Higher Education - Public |
4.58% |
Revenue - Miscellaneous |
3.82% |
Industrial Development - Utility |
2.49% |
Toll Roads/Transit |
1.94% |
Higher Education - Private |
1.74% |
Industrial Development - Industry |
1.64% |
Industrial Development - Airline |
1.35% |
Electric Utility |
1.13% |
Primary/Secondary Ed. - Private |
0.84% |
Health Care - Municipal |
0.79% |
Senior Living |
0.79% |
Prepay Energy |
0.60% |
Primary/Secondary Ed. - Public |
0.47% |
SUBTOTAL |
44.41% |
Tax Supported |
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Special Tax |
12.36% |
Local G.O. |
5.84% |
State G.O. |
4.84% |
Assessment District |
4.66% |
Tax-Supported Local Lease |
3.35% |
Tax-Supported State Lease |
2.36% |
State Lease |
1.64% |
SUBTOTAL |
35.05% |
Prerefunded/ETM |
10.56% |
Asset-Backed |
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Housing - Multi-Family |
3.61% |
Housing - Single Family |
1.27% |
Student Loan |
1.10% |
SUBTOTAL |
5.98% |
Insured/Guaranteed |
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Insured |
2.52% |
Guaranteed |
1.48% |
SUBTOTAL |
4.00% |
Total |
100.00% |
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State Breakdown |
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Portfolio % |
Texas |
20.48% |
California |
11.72% |
New York |
9.33% |
Illinois |
7.58% |
Florida |
6.39% |
Michigan |
4.26% |
Washington |
4.13% |
Alabama |
3.42% |
Wisconsin |
3.11% |
Colorado |
2.71% |
Louisiana |
2.58% |
Indiana |
1.90% |
Nevada |
1.75% |
Pennsylvania |
1.70% |
Oregon |
1.52% |
Alaska |
1.48% |
Tennessee |
1.46% |
Puerto Rico |
1.40% |
Hawaii |
1.39% |
South Carolina |
1.35% |
Virginia |
1.22% |
Massachusetts |
1.10% |
Arizona |
1.02% |
Ohio |
0.93% |
Rhode Island |
0.84% |
New Jersey |
0.80% |
New Hampshire |
0.73% |
North Carolina |
0.61% |
Mississippi |
0.57% |
District of Columbia |
0.51% |
Missouri |
0.48% |
North Dakota |
0.38% |
Georgia |
0.36% |
Utah |
0.21% |
Arkansas |
0.18% |
Kansas |
0.18% |
Minnesota |
0.17% |
Iowa |
0.05% |
Total Investments |
100.00% |
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Credit Quality Breakdown |
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Portfolio % |
AAA |
21.10% |
AA |
27.09% |
A |
23.29% |
BBB |
13.50% |
B |
0.41% |
Not Rated |
4.05% |
Pre-refunded Bonds |
10.56% |
Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percentage: |
18.72% |
Average Coupon: |
5.67 |
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
Investment Operations: |
1.13% |
Preferred Stock: |
36.69% |
Tender Option Bonds: |
6.48% |
Term Asset-Backed Loans Facility (TALF): |
0.00% |
Total Fund Leverage: |
44.30%* |
Average Maturity: |
4.77 Years |
Effective Duration: |
4.73 Years |
Total Net Assets: |
$660.14 Million** |
Common Stock Net Asset Value: |
$14.56 |
Number of Holdings: |
204 |
* The total percentage of leverage constitutes 6.48% through the use of tender option bonds, 36.69% in issued and outstanding preferred
stock and 1.13% 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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