AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 28 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of August 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Texas Transp Commission Series 07 5.00%, 3.38%
4/01/23
2) Wayne State Univ MI Series 2009 5.00%, 2.56%
11/15/29
3) Chicago IL O'hare Intl Arpt (O'hare Intl Arpt) 2.16%
NPFGC Series A 5.375%, 1/01/32
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.96%
Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32
5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.68%
House Apts) NPFGC Series 01A 5.55%, 10/01/36
6) Univ of Illinois AGM Series 07A 5.25%, 1.68%
10/01/26
7) Indianapolis IN Loc Bond Bank NPFGC Series 2A 1.56%
5.25%, 7/01/33 (Prerefunded/ETM)
8) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.41%
25th Ave) NPFGC Series 02 5.25%, 6/01/33
9) Texas GO Series 02A 5.50%, 8/01/41 1.39%
10) Los Angeles CA Regl Arpts (Laxfuel Corp.) 1.37%
AMBAC Series 01 5.50%, 1/01/32
Sector/Industry Breakdown
Portfolio %
Prerefunded/ETM 12.08%
Health Care - Not-for-Profit 11.19%
Special Tax 8.21%
Airport 8.11%
Insured 7.87%
Local G.O. 6.18%
State G.O. 5.57%
Higher Education - Public 4.65%
Assessment District 4.59%
Revenue - Miscellaneous 4.05%
Housing - Multi-Family 2.94%
Tax-Supported Local Lease 2.49%
Water & Sewer 2.43%
Guaranteed 2.33%
Industrial Development - Utility 2.30%
Industrial Development - Industry 2.24%
Housing - Single Family 2.16%
State Lease 1.68%
Tax-Supported State Lease 1.58%
Higher Education - Private 1.55%
Industrial Development - Airline 1.37%
Student Loan 1.11%
Health Care - Municipal 0.87%
Senior Living 0.85%
Prepay Energy 0.61%
Primary/Secondary Ed. - Public 0.48%
Toll Roads/Transit 0.27%
Electric Utility 0.24%
Total 100.00%
State Breakdown
Portfolio %
Texas 18.70%
California 10.76%
Illinois 8.77%
Florida 7.99%
Michigan 5.48%
Washington 3.69%
Colorado 3.66%
Alabama 3.52%
Wisconsin 3.21%
New York 2.98%
Louisiana 2.55%
Indiana 2.52%
Nevada 2.45%
Pennsylvania 2.33%
Ohio 2.05%
Massachusetts 1.79%
South Carolina 1.57%
Alaska 1.52%
Tennessee 1.46%
Puerto Rico 1.42%
Hawaii 1.39%
Virginia 1.24%
Arizona 1.03%
New Jersey 0.90%
Georgia 0.88%
Rhode Island 0.84%
New Hampshire 0.77%
Mississippi 0.72%
Oregon 0.70%
North Carolina 0.62%
District of Columbia 0.51%
Missouri 0.49%
North Dakota 0.41%
Minnesota 0.32%
Arkansas 0.28%
Utah 0.22%
Kansas 0.19%
Iowa 0.07%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 23.74%
AAA(Pre-refunded Bonds) 12.11%
AA 20.11%
A 24.24%
BBB 13.42%
BB 1.43%
N/R 4.95%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 20.45%
Average Coupon: 5.19%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.56%
Preferred Stock: 36.66%
Tender Option Bonds: 6.47%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 43.69%*
Average Maturity: 7.07 Years
Effective Duration: 5.04 Years
Total Net Assets: $660.8 Million**
Common Stock Net Asset Value: $14.59
Number of Holdings: 219
The total percentage of leverage constitutes 6.47% through the use of tender option bonds, 36.66% in issued and outstanding preferred stock and 0.56% 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.
Share this article