AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 23, 2010 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of October 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Texas Transp Commission Series 07 5.00%, 3.30%
4/01/23
2) Wayne State Univ MI Series 2009 5.00%, 2.53%
11/15/29
3) Chicago IL O'Hare Intl Arpt (O'hare Intl Arpt) 2.17%
NPFGC Series A 5.375%, 1/01/32
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.97%
Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32
5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.67%
House Apts) NPFGC Series 01A 5.55%, 10/01/36
6) Univ of Illinois AGM Series 07A 5.25%, 1.65%
10/01/26
7) Indianapolis IN Loc Bond Bank NPFGC Series 2A 1.55%
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 %
Health Care - Not-for-Profit 11.32%
Prerefunded/ETM 11.08%
Airport 8.10%
Special Tax 8.08%
Insured 7.81%
Local G.O. 6.19%
State G.O. 5.53%
Higher Education - Public 4.59%
Assessment District 4.58%
Revenue - Miscellaneous 3.44%
Water & Sewer 3.27%
Housing - Multi-Family 2.92%
Tax-Supported Local Lease 2.70%
Industrial Development - Utility 2.55%
Guaranteed 2.30%
Tax-Supported State Lease 2.15%
Housing - Single Family 2.10%
Industrial Development - Industry 2.10%
Higher Education - Private 1.80%
State Lease 1.65%
Industrial Development - Airline 1.37%
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 18.55%
California 11.74%
Illinois 8.79%
Florida 7.21%
Michigan 5.45%
Washington 3.65%
Alabama 3.50%
Colorado 3.45%
Wisconsin 3.21%
New York 3.20%
Louisiana 2.57%
Pennsylvania 2.57%
Indiana 2.50%
Nevada 2.44%
Ohio 2.06%
Massachusetts 1.79%
South Carolina 1.57%
Alaska 1.50%
Tennessee 1.47%
Puerto Rico 1.41%
Hawaii 1.39%
Virginia 1.24%
Arizona 1.03%
New Jersey 0.90%
Georgia 0.88%
Rhode Island 0.83%
New Hampshire 0.77%
Oregon 0.70%
North Carolina 0.61%
Mississippi 0.58%
District of Columbia 0.51%
Missouri 0.48%
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 18.56%
AAA(Pre-refunded Bonds) 11.08%
AA 25.16%
A 25.47%
BBB 13.33%
BB 1.45%
N/R 4.95%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 19.65%
Average Coupon: 5.48%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 1.10%
Preferred Stock: 36.89%
Tender Option Bonds: 6.51%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 44.50%*
Average Maturity: 7.02 Years
Effective Duration: 5.03 Years
Total Net Assets: $656.7 Million**
Common Stock Net Asset Value: $14.44
Number of Holdings: 219
The total percentage of leverage constitutes 6.51% through the use of tender option bonds, 36.89% in issued and outstanding preferred stock and 1.10% 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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