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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