AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 29, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of April 30, 2012.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
|
Portfolio % |
|
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.37% |
2) Wayne State Univ MI Series 2009 5.00%, |
2.52% |
11/15/29 |
|
3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) |
2.11% |
NPFGC Series A 5.375%, 1/01/32 |
|
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.93% |
Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
|
5) Triborough Brdg & Tunl Auth NY 5.00%, |
1.68% |
1/01/26 |
|
6) New York NY Trnsl Fin Auth Series 2011B |
1.65% |
5.00%, 2/01/26 |
|
7) Univ of Illinois AGM Series 07A 5.25%, |
1.63% |
10/01/26 |
|
8) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.42% |
5.25%, 7/01/33 (Prerefunded/ETM) |
|
9) Bexar Cnty TX HFC MFHR (Doral Club & Sutton |
1.38% |
House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
|
10) Twenty Fifth Ave Pptys WA NPFGC Series 02 |
1.38% |
5.25%, 6/01/33 (Prerefunded/ETM) |
Sector/Industry Breakdown |
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Portfolio % |
||||
Revenue |
||||
Health Care - Not-for-Profit |
7.93% |
|||
Airport |
7.43% |
|||
Water & Sewer |
7.09% |
|||
Higher Education - Public |
3.86% |
|||
Industrial Development - Utility |
2.46% |
|||
Revenue - Miscellaneous |
2.31% |
|||
Toll Roads/Transit |
2.30% |
|||
Higher Education - Private |
1.76% |
|||
Industrial Development - Industry |
1.62% |
|||
Industrial Development - Airline |
1.34% |
|||
Electric Utility |
1.32% |
|||
Primary/Secondary Ed. - Private |
0.84% |
|||
Senior Living |
0.81% |
|||
Prepay Energy |
0.64% |
|||
Primary/Secondary Ed. - Public |
0.49% |
|||
SUBTOTAL |
42.20% |
|||
Tax Supported |
||||
Special Tax |
12.43% |
|||
Local G.O. |
8.25% |
|||
State G.O. |
5.37% |
|||
Assessment District |
4.57% |
|||
Tax-Supported Local Lease |
3.37% |
|||
State Lease |
1.63% |
|||
Tax-Supported State Lease |
1.48% |
|||
SUBTOTAL |
37.10% |
|||
Prerefunded/ETM |
11.20% |
|||
Asset-Backed |
||||
Housing - Multi-Family |
3.25% |
|||
Student Loan |
1.09% |
|||
Housing - Single Family |
0.82% |
|||
SUBTOTAL |
5.16% |
|||
Insured/Guaranteed |
||||
Insured |
2.55% |
|||
Guaranteed |
1.47% |
|||
SUBTOTAL |
4.02% |
|||
Cash Equivalents |
||||
Investment Companies |
0.32% |
|||
SUBTOTAL |
0.32% |
|||
Total |
100.00% |
State Breakdown |
|
Portfolio % |
|
Texas |
19.34% |
New York |
11.56% |
California |
11.49% |
Florida |
7.12% |
Illinois |
6.82% |
Michigan |
5.22% |
Washington |
3.68% |
Wisconsin |
2.98% |
Colorado |
2.76% |
Alabama |
2.60% |
Louisiana |
2.57% |
Indiana |
1.75% |
Nevada |
1.73% |
Pennsylvania |
1.73% |
Oregon |
1.53% |
Tennessee |
1.46% |
Alaska |
1.45% |
Hawaii |
1.40% |
Puerto Rico |
1.40% |
South Carolina |
1.36% |
Virginia |
1.23% |
Ohio |
1.09% |
Massachusetts |
1.08% |
Rhode Island |
0.84% |
Arizona |
0.83% |
New Jersey |
0.82% |
North Carolina |
0.61% |
Mississippi |
0.56% |
District of Columbia |
0.49% |
Missouri |
0.48% |
Maine |
0.35% |
Georgia |
0.35% |
North Dakota |
0.31% |
Utah |
0.21% |
Kansas |
0.19% |
Minnesota |
0.17% |
New Hampshire |
0.12% |
Other |
0.32% |
Total Investments |
100.00% |
Credit Quality Breakdown |
|
Portfolio % |
|
AAA |
22.37% |
AA |
28.77% |
A |
21.39% |
BBB |
11.46% |
B |
0.43% |
Not Rated |
4.06% |
Pre-refunded Bonds |
11.20% |
Short Term Investments |
0.32% |
Total Investments |
100.00% |
Portfolio Statistics: |
||
AMT Percentage: |
18.38% |
|
Average Coupon: |
5.66 |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.36% |
|
Preferred Stock: |
36.13% |
|
Tender Option Bonds: |
6.38% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
42.87%* |
|
Average Effective Maturity: |
4.03 Years |
|
Effective Duration: |
3.77 Years |
|
Total Net Assets: |
$670.39 Million** |
|
Common Stock Net Asset Value: |
$14.91 |
|
Number of Holdings: |
203 |
|
Portfolio Turnover |
10 |
* The total percentage of leverage constitutes 6.38% through the use of tender option bonds, 36.13% in issued and outstanding preferred stock and 0.36% 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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