AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 2010.
AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Texas Transp Commission Series 07 5.00%, 3.37% 4/01/23 2) Wayne State Univ MI Series 2009 5.00%, 2.58% 11/15/29 3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) 2.18% NPFGC Series A 5.375%, 1/01/32 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.98% Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5) Univ of Illinois AGM Series 07A 5.25%, 1.68% 10/01/26 6) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.67% House Apts) NPFGC Series 01A 5.55%, 10/01/36 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 1.42% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 9) Texas GO Series 02A 5.50%, 8/01/41 1.40% 10) Los Angeles CA Regl Arpts (Laxfuel Corp.) 1.38% AMBAC Series 01 5.50%, 1/01/32 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 11.92% Health Care - Not-for-Profit 11.34% Special Tax 8.21% Airport 8.18% Insured 7.90% Local G.O. 6.21% State G.O. 5.57% Higher Education - Public 4.67% Assessment District 4.60% Revenue - Miscellaneous 4.07% Housing - Multi-Family 2.94% Tax-Supported Local Lease 2.51% Water & Sewer 2.43% Guaranteed 2.34% Industrial Development - Utility 2.32% Housing - Single Family 2.12% Industrial Development - Industry 2.11% State Lease 1.68% Tax-Supported State Lease 1.57% Higher Education - Private 1.56% Industrial Development - Airline 1.38% Student Loan 1.11% Senior Living 0.85% Health Care - Municipal 0.80% Prepay Energy 0.62% Primary/Secondary Ed. - Public 0.48% Toll Roads/Transit 0.27% Electric Utility 0.24% Total 100.00% State Breakdown Portfolio % Texas 18.76% California 10.77% Illinois 8.82% Florida 8.03% Michigan 5.51% Washington 3.69% Alabama 3.53% Colorado 3.46% Wisconsin 3.23% New York 2.99% Louisiana 2.57% Indiana 2.52% Nevada 2.46% Pennsylvania 2.34% Ohio 2.06% Massachusetts 1.80% South Carolina 1.58% Alaska 1.52% Tennessee 1.48% Puerto Rico 1.42% Hawaii 1.41% Virginia 1.25% Arizona 1.04% New Jersey 0.90% Georgia 0.89% Rhode Island 0.84% New Hampshire 0.77% Oregon 0.70% North Carolina 0.62% Mississippi 0.58% District of Columbia 0.52% Missouri 0.49% North Dakota 0.41% Minnesota 0.32% Arkansas 0.24% Utah 0.22% Kansas 0.19% Iowa 0.07% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 24.85% AAA(Pre-refunded Bonds) 11.90% AA 19.06% A 24.42% BBB 13.36% BB 1.44% N/R 4.97% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 20.43% Average Coupon: 5.33% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 0.36% Preferred Stock: 36.73% Tender Option Bonds: 6.49% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 43.58%* Average Maturity: 6.90 Years Effective Duration: 4.93 Years Total Net Assets: $659.4 Million** Common Stock Net Asset Value: $14.54 Number of Holdings: 217
* The total percentage of leverage constitutes 6.49% through the use of tender option bonds, 36.73% in issued and outstanding preferred stock and 0.36% 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.
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