AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, May 24, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of April 30, 2011.
AllianceBernstein National Municipal Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
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 | 2.06% | |
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 | 1.63% | |
6) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) | 1.59% | |
7) Bexar Cnty TX HFC MFHR (Doral Club & Sutton House Apts) NPFGC Series 01A 5.55%, 10/01/36 | 1.58% | |
8) Texas GO Series 02A 5.50%, 8/01/41 | 1.43% | |
9) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 25th Ave) NPFGC Series 02 5.25%, 6/01/33 | 1.43% | |
10) Gulf Coast Wtr Auth TX (Anheuser-busch Cos., Inc.) Series 02 5.90%, 4/01/36 | 1.36% | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 9.43% | |
Airport | 7.95% | |
Higher Education - Public | 4.64% | |
Revenue - Miscellaneous | 4.28% | |
Water & Sewer | 3.42% | |
Industrial Development - Utility | 2.50% | |
Industrial Development - Industry | 2.18% | |
Higher Education - Private | 1.69% | |
Industrial Development - Airline | 1.28% | |
Electric Utility | 1.13% | |
Senior Living | 0.81% | |
Health Care - Municipal | 0.79% | |
Prepay Energy | 0.60% | |
Primary/Secondary Ed. - Public | 0.47% | |
Toll Roads/Transit | 0.26% | |
SUBTOTAL | 41.43% | |
Tax Supported | ||
Special Tax | 9.30% | |
Local G.O. | 6.23% | |
State G.O. | 5.59% | |
Assessment District | 4.73% | |
Tax-Supported State Lease | 2.19% | |
Tax-Supported Local Lease | 2.17% | |
State Lease | 1.63% | |
SUBTOTAL | 31.84% | |
Prerefunded/ETM | 11.37% | |
Insured/Guaranteed | ||
Insured | 7.92% | |
Guaranteed | 2.33% | |
SUBTOTAL | 10.25% | |
Asset-Backed | ||
Housing - Single Family | 2.07% | |
Housing - Multi-Family | 1.88% | |
Student Loan | 1.16% | |
SUBTOTAL | 5.11% | |
Total | 100.00% | |
State Breakdown | Portfolio % | |
Texas | 18.78% | |
California | 11.67% | |
Illinois | 8.55% | |
Florida | 7.28% | |
Washington | 4.58% | |
Michigan | 4.42% | |
New York | 4.41% | |
Alabama | 3.55% | |
Wisconsin | 3.23% | |
Colorado | 2.73% | |
Louisiana | 2.57% | |
Indiana | 2.52% | |
Nevada | 2.44% | |
Pennsylvania | 2.26% | |
Ohio | 1.71% | |
Massachusetts | 1.56% | |
Alaska | 1.55% | |
Tennessee | 1.51% | |
Oregon | 1.48% | |
Puerto Rico | 1.41% | |
South Carolina | 1.35% | |
Hawaii | 1.33% | |
Virginia | 1.22% | |
Arizona | 1.00% | |
Georgia | 0.91% | |
New Jersey | 0.85% | |
Rhode Island | 0.84% | |
New Hampshire | 0.79% | |
North Carolina | 0.63% | |
Mississippi | 0.60% | |
District of Columbia | 0.53% | |
Missouri | 0.49% | |
North Dakota | 0.41% | |
Arkansas | 0.22% | |
Utah | 0.22% | |
Minnesota | 0.17% | |
Kansas | 0.17% | |
Iowa | 0.06% | |
Total Investments | 100.00% | |
Credit Quality Breakdown | Portfolio % | |
AAA | 21.57% | |
AAA(Pre-refunded Bonds) | 11.37% | |
AA | 22.93% | |
A | 25.12% | |
BBB | 13.35% | |
BB | 1.01% | |
Not Rated | 4.65% | |
Total Investments | 100.00% | |
Portfolio Statistics: | ||
AMT Percentage: | 18.44% | |
Average Coupon: | 5.50 | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00% | |
Investment Operations: | 0.51% | |
Preferred Stock: | 38.53% | |
Tender Option Bonds: | 6.80% | |
Term Asset-Backed Loans Facility (TALF): | 0.00% | |
Total Fund Leverage: | 45.84%* | |
Average Maturity: | 10.96 Years | |
Effective Duration: | 7.29 Years | |
Total Net Assets: | $628.67 Million** | |
Common Stock Net Asset Value: | $13.47 | |
Number of Holdings: | 213 | |
* The total percentage of leverage constitutes 6.80% through the use of tender option bonds, 38.53% in issued and outstanding preferred stock and 0.51% 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
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