AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, March 29, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of February 28, 2011.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings |
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Portfolio % |
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1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.39% |
|
2) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.53% |
|
3) Chicago IL O'hare Intl Arpt (O'hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.15% |
|
4) Wisconsin Hlth & Ed Fac Auth (Ministry Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
1.94% |
|
5) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.68% |
|
6) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) |
1.62% |
|
7) Bexar Cnty TX HFC MFHR (Doral Club & Sutton House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
1.59% |
|
8) Texas GO Series 02A 5.50%, 8/01/41 |
1.45% |
|
9) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
1.42% |
|
10) Gulf Coast Wtr Auth TX (Anheuser-busch Cos., Inc.) Series 02 5.90%, 4/01/36 |
1.37% |
|
Sector/Industry Breakdown |
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Portfolio % |
||
Prerefunded/ETM |
11.58% |
|
Health Care - Not-for-Profit |
10.25% |
|
Special Tax |
9.36% |
|
Airport |
8.07% |
|
Insured |
7.96% |
|
Local G.O. |
6.26% |
|
State G.O. |
5.63% |
|
Assessment District |
4.79% |
|
Higher Education - Public |
4.64% |
|
Revenue - Miscellaneous |
3.45% |
|
Water & Sewer |
3.44% |
|
Industrial Development - Utility |
2.54% |
|
Guaranteed |
2.34% |
|
Industrial Development - Industry |
2.20% |
|
Tax-Supported State Lease |
2.20% |
|
Tax-Supported Local Lease |
2.19% |
|
Housing - Single Family |
2.12% |
|
Housing - Multi-Family |
1.90% |
|
Higher Education - Private |
1.72% |
|
State Lease |
1.68% |
|
Industrial Development - Airline |
1.27% |
|
Student Loan |
1.18% |
|
Senior Living |
0.83% |
|
Health Care - Municipal |
0.80% |
|
Prepay Energy |
0.61% |
|
Primary/Secondary Ed. - Public |
0.48% |
|
Toll Roads/Transit |
0.26% |
|
Electric Utility |
0.25% |
|
Total |
100.00% |
|
State Breakdown |
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Portfolio % |
||
Texas |
18.92% |
|
California |
11.72% |
|
Illinois |
8.77% |
|
Florida |
7.37% |
|
Michigan |
4.45% |
|
New York |
4.41% |
|
Washington |
3.69% |
|
Alabama |
3.61% |
|
Wisconsin |
3.24% |
|
Colorado |
2.75% |
|
Louisiana |
2.60% |
|
Indiana |
2.58% |
|
Pennsylvania |
2.52% |
|
Nevada |
2.47% |
|
Ohio |
2.08% |
|
Massachusetts |
1.58% |
|
Alaska |
1.56% |
|
Tennessee |
1.53% |
|
Puerto Rico |
1.42% |
|
South Carolina |
1.36% |
|
Hawaii |
1.34% |
|
Virginia |
1.23% |
|
Arizona |
1.02% |
|
Georgia |
0.93% |
|
New Jersey |
0.87% |
|
Rhode Island |
0.84% |
|
New Hampshire |
0.80% |
|
Oregon |
0.64% |
|
North Carolina |
0.63% |
|
Mississippi |
0.61% |
|
District of Columbia |
0.54% |
|
Missouri |
0.49% |
|
North Dakota |
0.41% |
|
Minnesota |
0.32% |
|
Arkansas |
0.24% |
|
Utah |
0.23% |
|
Kansas |
0.17% |
|
Iowa |
0.06% |
|
Total Investments |
100.00% |
|
Credit Quality Breakdown |
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Portfolio % |
||
AAA |
18.86% |
|
AAA(Pre-refunded Bonds) |
11.58% |
|
AA |
25.60% |
|
A |
22.21% |
|
BBB |
15.77% |
|
BB |
1.39% |
|
Not Rated |
4.59% |
|
Total Investments |
100.00% |
|
Portfolio Statistics: |
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AMT Percentage: |
18.52% |
|
Average Coupon: |
5.55% |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00% |
|
Investment Operations: |
0.00% |
|
Preferred Stock: |
38.72% |
|
Tender Option Bonds: |
6.84% |
|
Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
Total Fund Leverage: |
45.56%* |
|
Average Maturity: |
11.46 Years |
|
Effective Duration: |
7.60 Years |
|
Total Net Assets: |
$625.6 Million** |
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Common Stock Net Asset Value: |
$13.36 |
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Number of Holdings: |
213 |
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* The total percentage of leverage constitutes 6.84% through the use of tender option bonds, 38.72% 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.
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