AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Jan. 25, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 2011.
| AllianceBernstein National Municipal Income Fund, Inc. |
|
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|
| Top 10 Fixed-Income Holdings |
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|
|
Portfolio % |
| 1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.37% |
| 2) Wayne State Univ MI Series 2009 5.00%, |
2.51% |
| 11/15/29 |
|
| 3) Chicago IL O'Hare Intl Arpt (O'hare Intl Arpt) |
2.14% |
| NPFGC Series A 5.375%, 1/01/32 |
|
| 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.95% |
| Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
|
| 5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton |
1.71% |
| House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
|
| 6) Triborough Brdg & Tunl Auth NY 5.00%, |
1.67% |
| 1/01/26 |
|
| 7) New York NY Trnsl Fin Auth Series 2011B |
1.65% |
| 5.00%, 2/01/26 |
|
| 8) Univ of Illinois AGM Series 07A 5.25%, |
1.64% |
| 10/01/26 |
|
| 9) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.46% |
| 5.25%, 7/01/33 (Prerefunded/ETM) |
|
| 10) Twenty Fifth Ave Pptys WA (Univ of WA Dorm |
1.39% |
| 25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
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| Sector/Industry Breakdown |
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|
Portfolio % |
| Revenue |
|
| Health Care - Not-for-Profit |
7.89% |
| Airport |
7.87% |
| Water & Sewer |
6.47% |
| Higher Education - Public |
4.58% |
| Revenue - Miscellaneous |
3.82% |
| Industrial Development - Utility |
2.49% |
| Toll Roads/Transit |
1.94% |
| Higher Education - Private |
1.74% |
| Industrial Development - Industry |
1.64% |
| Industrial Development - Airline |
1.35% |
| Electric Utility |
1.13% |
| Primary/Secondary Ed. - Private |
0.84% |
| Health Care - Municipal |
0.79% |
| Senior Living |
0.79% |
| Prepay Energy |
0.60% |
| Primary/Secondary Ed. - Public |
0.47% |
| SUBTOTAL |
44.41% |
| Tax Supported |
|
| Special Tax |
12.36% |
| Local G.O. |
5.84% |
| State G.O. |
4.84% |
| Assessment District |
4.66% |
| Tax-Supported Local Lease |
3.35% |
| Tax-Supported State Lease |
2.36% |
| State Lease |
1.64% |
| SUBTOTAL |
35.05% |
| Prerefunded/ETM |
10.56% |
| Asset-Backed |
|
| Housing - Multi-Family |
3.61% |
| Housing - Single Family |
1.27% |
| Student Loan |
1.10% |
| SUBTOTAL |
5.98% |
| Insured/Guaranteed |
|
| Insured |
2.52% |
| Guaranteed |
1.48% |
| SUBTOTAL |
4.00% |
| Total |
100.00% |
|
|
|
| State Breakdown |
|
|
|
Portfolio % |
| Texas |
20.48% |
| California |
11.72% |
| New York |
9.33% |
| Illinois |
7.58% |
| Florida |
6.39% |
| Michigan |
4.26% |
| Washington |
4.13% |
| Alabama |
3.42% |
| Wisconsin |
3.11% |
| Colorado |
2.71% |
| Louisiana |
2.58% |
| Indiana |
1.90% |
| Nevada |
1.75% |
| Pennsylvania |
1.70% |
| Oregon |
1.52% |
| Alaska |
1.48% |
| Tennessee |
1.46% |
| Puerto Rico |
1.40% |
| Hawaii |
1.39% |
| South Carolina |
1.35% |
| Virginia |
1.22% |
| Massachusetts |
1.10% |
| Arizona |
1.02% |
| Ohio |
0.93% |
| Rhode Island |
0.84% |
| New Jersey |
0.80% |
| New Hampshire |
0.73% |
| North Carolina |
0.61% |
| Mississippi |
0.57% |
| District of Columbia |
0.51% |
| Missouri |
0.48% |
| North Dakota |
0.38% |
| Georgia |
0.36% |
| Utah |
0.21% |
| Arkansas |
0.18% |
| Kansas |
0.18% |
| Minnesota |
0.17% |
| Iowa |
0.05% |
| Total Investments |
100.00% |
|
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|
| Credit Quality Breakdown |
|
|
|
Portfolio % |
| AAA |
21.10% |
| AA |
27.09% |
| A |
23.29% |
| BBB |
13.50% |
| B |
0.41% |
| Not Rated |
4.05% |
| Pre-refunded Bonds |
10.56% |
| Total Investments |
100.00% |
|
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| Portfolio Statistics: |
|
| AMT Percentage: |
18.72% |
| Average Coupon: |
5.67 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
1.13% |
| Preferred Stock: |
36.69% |
| Tender Option Bonds: |
6.48% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
44.30%* |
| Average Maturity: |
4.77 Years |
| Effective Duration: |
4.73 Years |
| Total Net Assets: |
$660.14 Million** |
| Common Stock Net Asset Value: |
$14.56 |
| Number of Holdings: |
204 |
* The total percentage of leverage constitutes 6.48% through the use of tender option bonds, 36.69% in issued and outstanding preferred
stock and 1.13% 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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