AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 28 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of June 30, 2010.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1)Texas Transp Commission Series 07 5.00%, 3.30% 4/01/23 2)Wayne State Univ MI Series 2009 5.00%, 2.51% 11/15/29 3)Chicago IL O'Hare Intl Arpt (O'Hare Intl 2.15% Arpt) NPFGC Series A 5.375%, 1/01/32 4)Wisconsin Hlth & Ed Fac Auth (Ministry 1.98% Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.65% House Apts) NPFGC Series 01A 5.55%, 10/01/36 6)Univ of Illinois AGM Series 07A 5.25%, 1.65% 10/01/26 7)Indianapolis IN Loc Bond Bank NPFGC Series 1.59% 2A 5.25%, 7/01/33 (Prerefunded/ETM) 8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.42% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 9)Texas GO Series 02A 5.50%, 8/01/41 1.41% 10)Los Angeles CA Regl Arpts (Laxfuel 1.37% Corporation) AMBAC Series 01 5.50%, 1/01/32 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 12.64% Health Care - Not-for-Profit 11.20% Airport/Ports 8.06% Special Tax 8.03% Insured 7.82% Local G.O. 6.12% State G.O. 5.50% Higher Education - Public 4.58% Assessment District 4.57% Revenue - Miscellaneous 4.04% Housing - Multi-Family 3.00% Tax-Supported Local Lease 2.46% Water & Sewer 2.38% Guaranteed 2.30% Industrial Development - Utility 2.29% Industrial Development - Industry 2.26% Housing - Single Family 2.24% State Lease 1.65% Tax-Supported State Lease 1.55% Higher Education - Private 1.54% Industrial Development - Airline 1.37% Student Loan 1.12% Health Care - Municipal 0.87% Senior Living 0.84% Prepay Energy 0.61% Primary/Secondary Ed. - Public 0.47% Toll Roads/Transit 0.25% Electric Utility 0.24% Total 100.00% State Breakdown Portfolio % Texas 18.50% California 10.56% Illinois 8.77% Florida 8.09% Michigan 5.42% Alabama 3.84% Washington 3.66% Colorado 3.65% Wisconsin 3.24% New York 2.92% Indiana 2.56% Louisiana 2.54% Nevada 2.45% Pennsylvania 2.33% Ohio 2.05% Massachusetts 1.88% South Carolina 1.55% Alaska 1.52% Tennessee 1.47% Puerto Rico 1.40% Hawaii 1.38% Virginia 1.24% Arizona 1.01% Georgia 0.90% New Jersey 0.90% Rhode Island 0.82% New Hampshire 0.79% Mississippi 0.73% Oregon 0.70% North Carolina 0.61% District Of Columbia 0.52% Missouri 0.49% North Dakota 0.40% Arkansas 0.32% Minnesota 0.32% Utah 0.22% Kansas 0.18% Iowa 0.07% Total 100.00% Credit Quality Breakdown Portfolio % AAA 23.53% AAA(Pre-refunded Bonds) 12.61% AA 19.90% A 23.96% BBB 13.63% BB 1.43% N/R 4.94% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 20.84% Average Coupon: 5.18% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 7.71% Preferred Stock: 37.43% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 45.14%* Avg. Maturity: 8.81 Years Effective Duration: 6.08 Years Total Net Assets: $647.2 Million** Common Stock Net Asset Value: $14.11 Number of Holdings: 221
* The total percentage of leverage constitutes 37.43% in issued and outstanding preferred stock and 7.71% 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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