AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

Jul 30, 2013, 16:06 ET from AllianceBernstein National Municipal Income Fund, Inc.

NEW YORK, July 30, 2013 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of June 30, 2013.

AllianceBernstein National Municipal Income Fund, Inc.



Top 10 Fixed-Income Holdings



Portfolio %

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

3.42%

     2)  Wayne State Univ MI   Series 2009  5.00%,                

2.64%

          11/15/29


     3)  Washington Fed Hwy Grant   Series 2012F                  

2.53%

          5.00%,  9/01/24


     4)  Metro Atlanta Rapid Tran Auth GA     5.00%,              

2.16%

           7/01/27


     5)  Univ of Illinois   AGM  5.25%,  10/01/26                 

1.75%

     6)  Triborough Brdg & Tunl Auth NY     5.00%,                

1.65%

          1/01/26


     7)  Metropolitan Trnsp Auth NY (Metro Trnsp Auth             

1.61%

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


     8)  Texas GO   Series 02A  5.50%,  8/01/41                   

1.40%

     9)  Coast CA CCD GO   AGM  5.00%,  8/01/24                   

1.35%

     10) San Francisco City/Cnty CA Pub Util Wtr                   

1.31%

           Series 2012C  5.00%,  11/01/27




Sector/Industry Breakdown



Portfolio %

     Revenue


               Water & Sewer                                        

11.49%

               Toll Roads/Transit                                    

8.15%

               Revenue - Miscellaneous                               

8.04%

               Higher Education - Public                             

4.00%

               Airport                                               

3.70%

               Health Care - Not-for-Profit                          

3.44%

               Electric Utility                                      

3.30%

               Higher Education - Private                            

2.04%

               Industrial Development - Utility                      

1.80%

               Primary/Secondary Ed. - Private                       

0.87%

               Senior Living                                         

0.84%

               Prepay Energy                                         

0.68%

               Primary/Secondary Ed. - Public                        

0.41%

     SUBTOTAL                                                   

48.76%

     Tax Supported


               Special Tax                                          

16.23%

               Local G.O.                                           

10.96%

               State G.O.                                            

5.87%

               Assessment District                                   

2.65%

               Tax-Supported Local Lease                             

2.44%

               State Lease                                           

1.75%

               Tax-Supported State Lease                             

1.42%

     SUBTOTAL                                                   

41.32%

     Insured/Guaranteed


               Insured                                               

2.64%

               Guaranteed                                            

1.50%

     SUBTOTAL                                                    

4.14%

     Prerefunded/ETM                                             

3.44%

     Asset-Backed


               Housing - Multi-Family                                

1.74%

               Housing - Single Family                               

0.59%

     SUBTOTAL                                                    

2.33%

     Cash Equivalents


               Investment Companies                                  

0.01%

     SUBTOTAL                                                    

0.01%

     Total                                                    

100.00%



State Breakdown



Portfolio %

Texas                                                     

17.54%

California                                                

14.22%

New York                                                  

14.21%

Florida                                                    

6.79%

Illinois                                                   

5.53%

Washington                                                 

4.85%

Michigan                                                   

4.65%

Louisiana                                                  

4.24%

South Carolina                                             

3.58%

Colorado                                                   

2.74%

Georgia                                                    

2.38%

Ohio                                                       

1.78%

New Jersey                                                 

1.73%

Oregon                                                     

1.57%

Hawaii                                                     

1.45%

Pennsylvania                                               

1.42%

Puerto Rico                                                

1.28%

Alabama                                                    

1.21%

Massachusetts                                              

1.08%

Wisconsin                                                  

0.91%

Virginia                                                   

0.91%

Rhode Island                                               

0.87%

Arizona                                                    

0.87%

Alaska                                                     

0.67%

North Carolina                                             

0.62%

Mississippi                                                

0.59%

Nevada                                                     

0.41%

Tennessee                                                  

0.38%

Maine                                                      

0.34%

Indiana                                                    

0.34%

Missouri                                                   

0.32%

Kansas                                                     

0.21%

Minnesota                                                  

0.18%

New Hampshire                                              

0.12%

Other                                                      

0.01%

Total Investments                                        

100.00%



     Credit Quality Breakdown



Portfolio %

               AAA                                            

19.83%

               AA                                             

50.78%

               A                                              

15.88%

               BBB                                             

6.50%

               BB                                              

0.28%

               B                                               

0.45%

               Not Rated                                       

2.83%

               Pre-refunded Bonds                              

3.44%

               Short Term Investments                          

0.01%

               Total Investments                             

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year                                           

0.81%

1 to 5 years                                               

3.47%

5 to 10 years                                             

12.62%

10 to 20 years                                            

75.14%

20 to 30 years                                             

7.96%

More than 30 years                                         

0.00%

Other                                                      

0.00%

Total Investments                                        

100.00%



Portfolio Statistics:


     AMT Percentage:                                        

8.16%

     Average Coupon:                                        

5.56%

     Percentage of Leverage:


               Bank Borrowing:                                     

0.00%

               Investment Operations:                              

0.00%

               Preferred Stock:                                   

37.77%

               Tender Option Bonds:                                

6.67%

               Term Asset-Backed Loans Facility (TALF):            

0.00%

               Total Fund Leverage:                              

44.44%*

               Average Effective Maturity:                       

6.21 Years

               Effective Duration:                               

5.56 Years

               Total Net Assets:                          

$641.34 Million**

               Common Stock Net Asset Value:                         

$13.88

               Number of Holdings:                                      

178

               Portfolio Turnover:                                      

28%



* The total percentage of leverage constitutes 6.67% through the use
of tender option bonds, 37.77% in issued and outstanding preferred
stock and 0.00% 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.