AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Feb. 28, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31, 2012.
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 |
2.57% |
| 3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.11% |
| 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
1.94% |
| 5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
1.78% |
| 6) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26 |
1.73% |
| 7) New York NY Trnsl Fin Auth Series 2011B 5.00%, 2/01/26 |
1.70% |
| 8) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.66% |
| 9) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) |
1.44% |
| 10) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 25th Ave) NPFGC Series 02 5.25%, 6/01/33 |
1.38% |
| Sector/Industry Breakdown |
|
| Revenue |
Portfolio % |
|
|
|
|
7.90%
|
|
7.85%
|
|
6.63%
|
|
4.62%
|
|
3.62%
|
|
2.46%
|
|
1.99%
|
|
1.76%
|
|
1.62%
|
|
1.35%
|
|
1.34%
|
|
0.84%
|
|
0.80%
|
|
0.78%
|
|
0.62%
|
|
0.48%
|
| SUBTOTAL |
44.66% |
| Tax Supported |
|
|
12.47%
|
|
5.89%
|
|
5.66%
|
|
4.64%
|
|
3.37%
|
|
2.39%
|
|
1.66%
|
| SUBTOTAL |
36.08% |
| Prerefunded/ETM |
8.67% |
| Asset-Backed |
|
|
3.65%
|
|
1.09%
|
|
0.90%
|
| SUBTOTAL |
5.64% |
| Insured/Guaranteed |
|
|
2.52%
|
|
1.50%
|
| SUBTOTAL |
4.02% |
| Cash Equivalents |
|
|
0.93%
|
| SUBTOTAL |
0.93% |
| Total |
100.00% |
| State Breakdown |
|
|
|
|
Portfolio % |
|
| Texas |
20.60% |
|
| California |
11.74% |
|
| New York |
9.57% |
|
| Florida |
7.18% |
|
| Illinois |
6.85% |
|
| Michigan |
4.32% |
|
| Washington |
3.72% |
|
| Alabama |
3.38% |
|
| Wisconsin |
3.04% |
|
| Colorado |
2.72% |
|
| Louisiana |
2.58% |
|
| Indiana |
1.75% |
|
| Nevada |
1.74% |
|
| Pennsylvania |
1.73% |
|
| Oregon |
1.55% |
|
| Alaska |
1.46% |
|
| Tennessee |
1.45% |
|
| Puerto Rico |
1.40% |
|
| Hawaii |
1.40% |
|
| South Carolina |
1.35% |
|
| Virginia |
1.23% |
|
| Massachusetts |
1.09% |
|
| Arizona |
1.03% |
|
| Ohio |
0.93% |
|
| Rhode Island |
0.84% |
|
| New Jersey |
0.81% |
|
| North Carolina |
0.61% |
|
| Mississippi |
0.56% |
|
| District of Columbia |
0.50% |
|
| Missouri |
0.48% |
|
| North Dakota |
0.38% |
|
| Georgia |
0.35% |
|
| Utah |
0.21% |
|
| Kansas |
0.19% |
|
| Minnesota |
0.17% |
|
| New Hampshire |
0.12% |
|
| Iowa |
0.04% |
|
| Other |
0.93% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
|
|
|
Portfolio % |
| AAA |
21.96% |
| AA |
27.21% |
| A |
23.19% |
| BBB |
13.59% |
| B |
0.41% |
| Not Rated |
4.04% |
| Pre-refunded Bonds |
8.67% |
| Short Term Investments |
0.93% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
18.67% |
| Average Coupon: |
5.57 |
| Percentage of Leverage: |
|
|
0.00%
|
|
0.00%
|
|
36.03%
|
|
6.36%
|
|
0.00%
|
|
42.39%* |
| Average Maturity: |
4.21 Years |
| Effective Duration: |
4.04 Years |
| Total Net Assets: |
$672.30 Million** |
| Common Stock Net Asset Value: |
$14.98 |
| Number of Holdings: |
202 |
|
|
* The total percentage of leverage constitutes 6.36% through the use of tender option bonds, 36.03% 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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