AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of March 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio % 1)Texas Transp Commission Series 07 5.00%, 3.31% 4/01/23 2)Wayne State Univ MI Series 2009 5.00%, 2.53% 11/15/29 3)Chicago IL O'hare Intl Arpt (O'hare Intl 2.16% Arpt) NPFGC Series A 5.375%, 1/01/32 4)Wisconsin Hlth & Ed Fac Auth (Ministry 1.92% Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5)Univ of Illinois FSA Series 07A 5.25%, 1.66% 10/01/26 6)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.64% House Apts) NPFGC Series 01A 5.55%, 10/01/36 7)Indianapolis IN Loc Bond Bank NPFGC Series 1.62% 2A 5.25%, 7/01/33 (Prerefunded/ETM) 8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.44% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 9)Texas GO Series 02A 5.50%, 8/01/41 1.43% 10)Los Angeles CA Regl Arpts (Laxfuel 1.37% Corporation) AMBAC Series 01 5.50%, 1/01/32 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 12.09% Health Care - Not-for-Profit 10.63% Airport/Ports 7.38% Insured 6.17% Local G.O. 6.15% State G.O. 5.53% Higher Education - Public 5.08% Higher Education 4.16% Revenue - Miscellaneous 3.80% Special Tax 3.64% Assessment District 3.58% Transportation 3.31% Housing - Multi-Family 3.01% Tax-Supported Local Lease 2.47% Guaranteed 2.30% Housing - Single Family 2.30% Industrial Development - Industry 2.30% Industrial Development - Utility 2.29% Water & Sewer 1.83% Money Market 1.67% Prepay Energy 1.64% Tax-Supported State Lease 1.58% Higher Education - Private 1.51% Industrial Development - Airline 1.37% Senior Living 1.22% Student Loan 1.14% Health Care - Municipal 0.88% Primary/Secondary Ed. - Public 0.45% Toll Roads/Transit 0.26% Electric Utility 0.26% Total 100.00% State Breakdown Portfolio % Texas 18.65% California 10.41% Illinois 8.84% Florida 8.15% Michigan 5.41% Alabama 3.81% Washington 3.71% Wisconsin 3.60% New York 2.93% Colorado 2.65% Indiana 2.61% Louisiana 2.55% Tennessee 2.52% Nevada 2.48% Massachusetts 2.47% Ohio 2.06% Pennsylvania 1.75% South Carolina 1.58% Alaska 1.53% Puerto Rico 1.39% Virginia 1.25% Arizona 1.01% Georgia 0.91% New Jersey 0.90% Rhode Island 0.81% New Hampshire 0.80% Mississippi 0.74% Oregon 0.67% Hawaii 0.64% North Carolina 0.62% District Of Columbia 0.52% Missouri 0.49% North Dakota 0.41% Arkansas 0.33% Minnesota 0.32% Utah 0.22% Kansas 0.18% Iowa 0.08% Total 100.00% Credit Quality Breakdown Portfolio % AAA 32.84% AA 21.89% A 26.32% BBB 14.81% BB 3.80% B 0.34% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 20.90% Average Coupon: 5.13% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 7.36% Preferred Stock: 37.80% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 45.16%* Avg. Maturity: 9.72 Years Effective Duration: 6.66 Years Total Net Assets: $640.8 Million** Common Stock Net Asset Value: $13.89 Number of Holdings: 222
* The total percentage of leverage constitutes 37.80% in issued and outstanding preferred stock and 7.36% 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.
** 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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