AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

Jan 29, 2013, 16:06 ET from AllianceBernstein National Municipal Income Fund, Inc.

NEW YORK, Jan. 29, 2013 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 31, 2012.

AllianceBernstein National Municipal Income Fund, Inc.



Top 10 Fixed-Income Holdings



 Portfolio %

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

3.32%

2) Metropolitan Trnsp Auth NY (Metro Trnsp Auth Ny Ded Tax)  Series 2012A 5.00%, 11/15/28

2.83%

3) Wayne State Univ MI Series 2009 5.00%, 11/15/29

2.57%

4) Washington Fed Hwy Grant Series 2012F 5.00%, 9/01/24

2.54%

5) Metro Atlanta Rapid Tran Auth GA 5.00%, 7/01/27

2.17%

6) Harris City TX Toll Road (Harris Cnty Tx Toll Road)  Series 2012 5.00%, 8/15/30

2.00%

7) Univ of Illinois   AGM Series 07A 5.25%, 10/01/26

1.75%

8) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26

1.68%

9) New York NY Trnsl Fin Auth Series 2011B 5.00%, 2/01/26

1.65%

10) San Francisco City/Cnty CA Pub Util Wtr 5.00%, 11/01/27

1.35%



Sector/Industry Breakdown



Portfolio %

Revenue


          Water & Sewer

9.99%

          Revenue - Miscellaneous

8.06%

          Toll Roads/Transit

7.10%

          Higher Education - Public

3.88%

          Airport

3.38%

          Health Care - Not-for-Profit

3.31%

          Electric Utility

3.26%

          Industrial Development - Utility

1.71%

          Higher Education - Private

1.56%

          Primary/Secondary Ed. - Private

0.83%

          Senior Living

0.83%

          Prepay Energy

0.68%

          Primary/Secondary Ed. - Public

0.47%

SUBTOTAL

45.06%

Tax Supported


          Special Tax

18.84%

          Local G.O.

11.50%

          State G.O.

5.16%

          Tax-Supported Local Lease

3.34%

          Assessment District

2.63%

          State Lease

1.75%

          Tax-Supported State Lease

1.48%

SUBTOTAL

44.70%

Prerefunded/ETM

4.01%

Insured/Guaranteed


          Insured

2.51%

          Guaranteed

1.48%

SUBTOTAL

3.99%

Asset-Backed


          Housing - Multi-Family

1.62%

          Housing - Single Family

0.62%

SUBTOTAL

2.24%

Total

100.00%



State Breakdown



Portfolio %

Texas

19.03%

New York

16.30%

California

12.77%

Florida

6.73%

Washington

4.83%

Michigan

4.56%

Louisiana

4.19%

Illinois

4.12%

South Carolina

3.53%

Colorado

2.69%

Georgia

2.17%

Ohio

1.73%

New Jersey

1.70%

Oregon

1.53%

Pennsylvania

1.42%

Hawaii

1.41%

Alaska

1.39%

Puerto Rico

1.24%

Alabama

1.16%

Nevada

1.06%

Wisconsin

0.98%

Arizona

0.86%

Rhode Island

0.83%

North Carolina

0.60%

Mississippi

0.55%

Virginia

0.51%

Tennessee

0.37%

Maine

0.34%

Indiana

0.32%

Missouri

0.30%

Massachusetts

0.29%

Kansas

0.20%

Minnesota

0.17%

New Hampshire

0.12%

Total Investments

100.00%



     Credit Quality Breakdown



Portfolio %

          AAA

20.96%

          AA

51.26%

          A

11.82%

          BBB

8.35%

          BB

0.28%

          B

0.43%

          Not Rated

2.89%

          Pre-refunded Bonds

4.01%

          Total Investments

100.00%



     Bonds By Maturity



Portfolio %

          Less than 1 year

1.64%

          1 to 5 years

2.43%

          5 to 10 years

9.01%

          10 to 20 years                                  

79.38%

          20 to 30 years

7.54%

          More than 30 years

0.00%

          Other

0.00%

          Total Investments                              

100.00%



Portfolio Statistics:


     AMT Percentage:

15.63%

     Average Coupon:

5.55%

     Percentage of Leverage:


          Bank Borrowing:

0.00%

          Investment Operations:

1.60%

          Preferred Stock:

35.73%

          Tender Option Bonds:

6.31%

          Term Asset-Backed Loans Facility (TALF):

0.00%

          Total Fund Leverage:

43.64%*

     Average Effective Maturity:

6.13 Years

     Effective Duration:

5.46 Years

     Total Net Assets:

$677.96 Million**

     Common Stock Net Asset Value:

$15.16

     Number of Holdings:

191

     Portfolio Turnover:

28%

 

* The total percentage of leverage constitutes 6.31% through the use of tender option bonds, 35.73% in issued and outstanding preferred stock and 1.60% 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.