AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

Dec 24, 2012, 16:06 ET from AllianceBernstein National Municipal Income Fund, Inc.

NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 30, 2012.

AllianceBernstein National Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1)

Texas Trnsp Comm   Series 07  5.00%,  4/01/23    

3.21%

2)

Metropolitan Trnsp Auth NY (Metro Trnsp Auth     

2.78%

Ny Ded Tax)  Series 2012A  5.00%,  11/15/28

3)

Wayne State Univ MI   Series 2009  5.00%,         

2.51%

11/15/29

4)

Washington Fed Hwy Grant   Series 2012F         

2.49%

5.00%,  9/01/24

5)

Metro Atlanta Rapid Tran Auth GA     5.00%,         

2.13%

7/01/27

6)

Harris City TX Toll Road (Harris Cnty Tx Toll       

1.96%

Road)  Series 2012  5.00%,  8/15/30

7)

Triborough Brdg & Tunl Auth NY     5.00%,         

1.65%

1/01/26

8)

New York NY Trnsl Fin Auth   Series 2011B      

1.63%

5.00%,  2/01/26

9)

Univ of Illinois   AGM Series 07A 5.25%,          

1.62%

10/01/26

10)

Univ of Illinois   AGM Series 07A 5.25%,           

1.62%

10/01/26

Sector/Industry Breakdown

Portfolio %

Tax Supported

Special Tax                     

18.46%

Local G.O.                           

11.24%

State G.O.                            

5.01%

State Lease                               

3.23%

Tax-Supported Local Lease          

3.22%

Assessment District                   

2.73%

Tax-Supported State Lease           

1.44%

SUBTOTAL                                 

45.33%

Revenue

Water & Sewer                         

9.81%

Revenue - Miscellaneous                

7.07%

Toll Roads/Transit                         

6.73%

Airport                                         

4.08%

Higher Education - Public               

3.78%

Electric Utility                              

3.39%

Health Care - Not-for-Profit             

3.19%

Industrial Development - Utility        

2.30%

Higher Education - Private              

1.50%

Primary/Secondary Ed. - Private       

0.80%

Senior Living                              

0.80%

Prepay Energy                               

0.65%

Primary/Secondary Ed. - Public             

0.48%

SUBTOTAL                                            

44.58%

Prerefunded/ETM                                     

4.03%

Insured/Guaranteed

Insured                                      

2.41%

Guaranteed                                

1.44%

SUBTOTAL                                      

3.85%

Asset-Backed

Housing - Multi-Family              

1.56%

Housing - Single Family              

0.65%

SUBTOTAL                     

2.21%

Total                              

100.00%

State Breakdown

Portfolio %

Texas                                      

18.48%

New York                                 

16.04%

California

11.60%

Florida                                      

7.72%

Illinois                                      

5.72%

Michigan                                  

5.11%

Washington                               

4.73%

Louisiana                                     

4.15%

South Carolina                           

3.44%

Colorado                                 

2.64%

Georgia                                   

2.13%

Ohio                                       

1.68%

New Jersey                                   

1.66%

Oregon                                       

1.48%

Hawaii                                      

1.37%

Alaska                                   

1.34%

Puerto Rico                              

1.23%

Pennsylvania                            

1.14%

Alabama                                   

1.12%

Nevada                                   

1.01%

Wisconsin                              

0.94%

Arizona                                    

0.83%

Rhode Island                           

0.80%

North Carolina                            

0.58%

Mississippi                              

0.53%

Virginia                                  

0.49%

Tennessee                                 

0.36%

Maine                                      

0.33%

Indiana                                  

0.31%

Missouri                                

0.30%

Massachusetts                            

0.28%

Kansas                                       

0.19%

Minnesota                                   

0.16%

New Hampshire                            

0.11%

Total Investments                             

100.00%

Credit Quality Breakdown

Portfolio %

AAA                                        

22.00%

AA                                       

50.16%

A                                            

12.43%

BBB                                       

7.65%

BB                                           

0.27%

B                                           

0.41%

Not Rated                                  

3.05%

Pre-refunded Bonds                  

4.03%

Total Investments                     

100.00%

Portfolio Statistics:

AMT Percentage:                        

16.13%

Average Coupon:                        

5.72%

Percentage of Leverage:

Bank Borrowing:                         

0.00%

Investment Operations:                

3.08%

Preferred Stock:                       

35.05%

Tender Option Bonds:                

6.19%

Term Asset-Backed Loans Facility (TALF):     

0.00%

Total Fund Leverage:                  

               44.32%*

Average Effective Maturity:           

               6.13 Years

Effective Duration:                     

             5.47 Years

Total Net Assets:                   

          $691.00 Million**

Common Stock Net Asset Value:             

$15.62

Number of Holdings:                             

193

Portfolio Turnover:                            

10%

* The total percentage of leverage constitutes 6.19% through the use of tender option bonds, 35.05% in issued and outstanding preferred stock and 3.08% 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.