AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 22, 2011 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 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 |
3.37% |
| 2) Wayne State Univ MI Series 2009 5.00%,11/15/29 |
2.48% |
| 3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.18% |
| 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
1.98% |
| 5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
1.67% |
| 6) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26 |
1.64% |
| 7) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.63% |
| 8) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) |
1.49% |
| 9) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
1.42% |
| 10) Texas GO Series 02A 5.50%, 8/01/41 |
1.38% |
| Sector/Industry Breakdown |
Portfolio % |
| Revenue |
|
| Health Care - Not-for-Profit |
8.00% |
| Airport |
7.96% |
| Water & Sewer |
6.44% |
| Higher Education - Public |
4.56% |
| Revenue - Miscellaneous |
3.85% |
| Industrial Development - Utility |
2.51% |
| Toll Roads/Transit |
1.91% |
| Higher Education - Private |
1.74% |
| Industrial Development - Industry |
1.67% |
| Industrial Development - Airline |
1.35% |
| Electric Utility |
1.13% |
| Primary/Secondary Ed. - Private |
0.85% |
| Senior Living |
0.83% |
| Health Care - Municipal |
0.80% |
| Prepay Energy |
0.61% |
| Primary/Secondary Ed. - Public |
0.47% |
| SUBTOTAL |
44.68% |
| Tax Supported |
|
| Special Tax |
10.64% |
| Local G.O. |
6.65% |
| State G.O. |
4.97% |
| Assessment District |
4.21% |
| Tax-Supported Local Lease |
3.19% |
| Tax-Supported State Lease |
2.37% |
| State Lease |
1.63% |
| SUBTOTAL |
33.66% |
| Prerefunded/ETM |
10.76% |
| Asset-Backed |
|
| Housing - Multi-Family |
3.60% |
| Housing - Single Family |
1.30% |
| Student Loan |
1.12% |
| SUBTOTAL |
6.02% |
| Insured/Guaranteed |
|
| Insured |
3.22% |
| Guaranteed |
1.48% |
| SUBTOTAL |
4.70% |
| Cash Equivalents |
|
| Investment Companies |
0.18% |
| SUBTOTAL |
0.18% |
| Total |
100.00% |
| State Breakdown |
Portfolio % |
| Texas |
20.53% |
| California |
11.73% |
| Illinois |
8.44% |
| New York |
7.65% |
| Florida |
6.46% |
| Michigan |
4.25% |
| Washington |
4.14% |
| Alabama |
3.46% |
| Wisconsin |
3.24% |
| Colorado |
2.74% |
| Louisiana |
2.60% |
| Indiana |
1.94% |
| Nevada |
1.77% |
| Pennsylvania |
1.71% |
| Oregon |
1.52% |
| Alaska |
1.51% |
| Tennessee |
1.48% |
| Puerto Rico |
1.40% |
| Hawaii |
1.39% |
| South Carolina |
1.36% |
| Virginia |
1.24% |
| Massachusetts |
1.11% |
| Arizona |
1.03% |
| Ohio |
0.95% |
| Rhode Island |
0.85% |
| New Jersey |
0.81% |
| New Hampshire |
0.74% |
| North Carolina |
0.62% |
| Mississippi |
0.58% |
| District of Columbia |
0.52% |
| Missouri |
0.48% |
| North Dakota |
0.39% |
| Georgia |
0.36% |
| Utah |
0.22% |
| Arkansas |
0.19% |
| Minnesota |
0.18% |
| Kansas |
0.18% |
| Iowa |
0.05% |
| Other |
0.18% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
Portfolio % |
| AAA |
19.49% |
| AAA(Pre-refunded Bonds) |
10.76% |
| AA |
27.92% |
| A |
23.54% |
| BBB |
13.56% |
| B |
0.41% |
| Short Term Investments |
0.18% |
| Not Rated |
4.14% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
18.83% |
| Average Coupon: |
5.69 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.45% |
| Preferred Stock: |
37.13% |
| Tender Option Bonds: |
6.56% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
44.14%* |
| Average Maturity: |
5.51 Years |
| Effective Duration: |
5.21 Years |
| Total Net Assets: |
$652.35 Million** |
| Common Stock Net Asset Value: |
$14.29 |
| Number of Holdings: |
205 |
* The total percentage of leverage constitutes 6.56% through the use of tender option bonds, 37.13% in issued and outstanding preferred stock and 0.45% 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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