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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