AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 26 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 2009.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)Texas Transp Commission Series 07 5.00%, 3.35% 4/01/23 2)Wayne State Univ MI Series 2009 5.00%, 2.52% 11/15/29 3)Chicago IL O'hare Intl Arpt (O'hare Intl 2.13% Arpt) NPFGC Series A 5.375%, 1/01/32 4)Wisconsin Hlth & Ed Fac Auth (Ministry 1.91% Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5)Univ of Illinois FSA Series 07A 5.25%, 1.69% 10/01/26 6)Indianapolis IN Loc Bond Bank NPFGC Series 1.65% 2A 5.25%, 7/01/33 (Prerefunded/ETM) 7)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.63% House Apts) NPFGC Series 01A 5.55%, 10/01/36 8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.45% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 9)Los Angeles CA Regl Arpts (Laxfuel 1.40% Corporation) AMBAC Series 01 5.50%, 1/01/32 10)Texas GO Series 02A 5.50%, 8/01/41 1.35% Sector/Industry Breakdown Portfolio % Prerefunded/ETM 12.32% Health Care - Not-for-Profit 11.25% Airport/Ports 7.37% Insured 6.22% Local G.O. 6.20% Higher Education - Public 5.09% State G.O. 4.89% Higher Education 4.19% Revenue - Miscellaneous 4.16% Special Tax 3.65% Assessment District 3.51% Transportation 3.35% Housing - Multi-Family 3.09% Tax-Supported Local Lease 2.49% Housing - Single Family 2.36% Guaranteed 2.32% Industrial Development - Industry 2.30% Industrial Development - Utility 2.27% Money Market 1.89% Water & Sewer 1.85% Prepay Energy 1.65% Tax-Supported State Lease 1.60% Higher Education - Private 1.45% Industrial Development - Airline 1.39% Health Care - Municipal 1.28% Student Loan 1.15% Primary/Secondary Ed. - Public 0.45% Electric Utility 0.26% Total 100.00% State Breakdown Portfolio % Texas 18.42% California 10.47% Illinois 8.87% Florida 8.14% Michigan 5.40% Alabama 3.85% Wisconsin 3.66% Washington 3.19% New York 2.95% Nevada 2.78% Colorado 2.65% Indiana 2.64% Louisiana 2.55% Tennessee 2.54% Massachusetts 2.48% Ohio 2.06% Pennsylvania 1.72% South Carolina 1.60% Alaska 1.55% Puerto Rico 1.37% Virginia 1.23% Arizona 1.01% Georgia 0.93% New Jersey 0.89% New Hampshire 0.82% Rhode Island 0.81% Mississippi 0.74% Oregon 0.65% Hawaii 0.64% North Carolina 0.63% District Of Columbia 0.53% Missouri 0.51% North Dakota 0.41% Arkansas 0.33% Minnesota 0.31% Utah 0.22% West Virginia 0.19% Kansas 0.18% Iowa 0.08% Total 100.00% Credit Quality Breakdown Portfolio % AAA 33.34% AA 22.17% A 25.56% BBB 14.41% BB 3.73% B 0.33% CCC 0.27% A-1+ 0.19% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 20.76% Average Coupon: 5.15% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 5.02% Preferred Stock: 26.22% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 31.24%* Avg. Maturity: 10.64 Years Effective Duration: 7.14 Years Total Net Assets: $635.2 Million Net Asset Value: $13.71 Number of Holdings: 221
* The total percentage of leverage constitutes 26.22% in issued and outstanding preferred stock and 5.02% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
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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