AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 27, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2012.
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 |
3.23% |
2) |
Metropolitan Trnsp Auth NY (Metro Trnsp Auth |
2.74% |
NY Ded Tax) Series 2012A 5.00%, 11/15/28 |
||
3) |
Wayne State Univ MI Series 2009 5.00%, |
2.49% |
11/15/29 |
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4) |
Washington Fed Hwy Grant Series 2012F |
2.48% |
5.00%, 9/01/24 |
||
5) |
Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.10% |
7/01/27 |
||
6) |
Harris City TX Toll Road Series 2012 5.00%, |
1.93% |
8/15/30 |
||
7) |
Triborough Brdg & Tunl Auth NY 5.00%, |
1.63% |
1/01/26 |
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8) |
New York NY Trnsl Fin Auth Series 2011B |
1.61% |
5.00%, 2/01/26 |
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9) |
Univ of Illinois AGM Series 07A 5.25%, |
1.60% |
10/01/26 |
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10) |
San Francisco City/Cnty CA Pub Util Wtr |
1.31% |
5.00%, 11/01/27 |
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Sector/Industry Breakdown |
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Portfolio % |
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Revenue |
||
Water & Sewer |
9.74% |
|
Toll Roads/Transit |
6.64% |
|
Revenue - Miscellaneous |
5.20% |
|
Health Care - Not-for-Profit |
4.53% |
|
Airport |
4.42% |
|
Higher Education - Public |
3.77% |
|
Electric Utility |
3.38% |
|
Industrial Development - Utility |
2.33% |
|
Higher Education - Private |
1.50% |
|
Industrial Development - Airline |
1.27% |
|
Primary/Secondary Ed. - Private |
0.81% |
|
Senior Living |
0.80% |
|
Prepay Energy |
0.64% |
|
Primary/Secondary Ed. - Public |
0.48% |
|
SUBTOTAL |
45.51% |
|
Tax Supported |
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Special Tax |
18.38% |
|
Local G.O. |
11.14% |
|
State G.O. |
5.09% |
|
Tax-Supported Local Lease |
3.32% |
|
Assessment District |
2.79% |
|
State Lease |
1.60% |
|
Tax-Supported State Lease |
1.43% |
|
SUBTOTAL |
43.75% |
|
Prerefunded/ETM |
4.64% |
|
Insured/Guaranteed |
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Insured |
2.42% |
|
Guaranteed |
1.44% |
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SUBTOTAL |
3.86% |
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Asset-Backed |
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Housing - Multi-Family |
1.58% |
|
Housing - Single Family |
0.66% |
|
SUBTOTAL |
2.24% |
|
Total |
100.00% |
|
State Breakdown |
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Portfolio % |
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Texas |
18.90% |
|
New York |
15.91% |
|
California |
12.86% |
|
Florida |
5.34% |
|
Michigan |
5.08% |
|
Washington |
4.71% |
|
Louisiana |
4.15% |
|
Illinois |
4.13% |
|
South Carolina |
3.45% |
|
Colorado |
2.66% |
|
Georgia |
2.10% |
|
Pennsylvania |
1.69% |
|
Ohio |
1.68% |
|
New Jersey |
1.67% |
|
Virginia |
1.65% |
|
Oregon |
1.48% |
|
Hawaii |
1.36% |
|
Alaska |
1.36% |
|
Puerto Rico |
1.31% |
|
Alabama |
1.13% |
|
Nevada |
1.03% |
|
Wisconsin |
0.99% |
|
Arizona |
0.82% |
|
Rhode Island |
0.81% |
|
Massachusetts |
0.75% |
|
North Carolina |
0.59% |
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Mississippi |
0.54% |
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Missouri |
0.38% |
|
Tennessee |
0.36% |
|
Maine |
0.33% |
|
Indiana |
0.31% |
|
Kansas |
0.19% |
|
Minnesota |
0.17% |
|
New Hampshire |
0.11% |
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Total Investments |
100.00% |
|
Credit Quality Breakdown |
||
Portfolio % |
||
AAA |
20.39% |
|
AA |
47.41% |
|
A |
14.54% |
|
BBB |
9.23% |
|
BB |
0.27% |
|
B |
0.41% |
|
Not Rated |
3.11% |
|
Pre-refunded Bonds |
4.64% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
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AMT Percentage: |
16.66% |
|
Average Coupon: |
5.73% |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
4.86% |
|
Preferred Stock: |
35.63% |
|
Tender Option Bonds: |
6.29% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
46.78%* |
|
Average Effective Maturity: |
5.96 Years |
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Effective Duration: |
5.31 Years |
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Total Net Assets: |
$679.97 Million** |
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Common Stock Net Asset Value: |
$15.24 |
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Number of Holdings: |
200 |
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Portfolio Turnover: |
10% |
* The total percentage of leverage constitutes 6.29% through the use of tender option bonds, 35.63% in issued and outstanding preferred stock and 4.86% 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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