AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of March 31, 2012.
| AllianceBernstein National Municipal Income Fund, Inc. |
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| Top 10 Fixed-Income Holdings |
Portfolio % |
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| 1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.34% |
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| 2) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.49% |
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| 3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.11% |
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| 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
1.94% |
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| 5) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26 |
1.65% |
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| 6) New York NY Trnsl Fin Auth Series 2011B 5.00%, 2/01/26 |
1.63% |
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| 7) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.61% |
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| 8) Bexar Cnty TX HFC MFHR (Doral Club & Sutton House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
1.52% |
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| 9) Indianapolis IN Loc Bond Bank NPFGC Series 2A 5.25%, 7/01/33 (Prerefunded/ETM) |
1.42% |
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| 10) Twenty Fifth Ave Pptys WA NPFGC Series 02 5.25%, 6/01/33 (Prerefunded/ETM) |
1.38% |
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| Sector/Industry Breakdown |
Portfolio % |
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| Revenue |
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| Health Care - Not-for-Profit |
7.89% |
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| Airport |
7.42% |
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| Water & Sewer |
6.44% |
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| Higher Education - Public |
3.82% |
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| Revenue - Miscellaneous |
2.85% |
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| Industrial Development - Utility |
2.46% |
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| Toll Roads/Transit |
2.26% |
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| Higher Education - Private |
1.75% |
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| Industrial Development - Industry |
1.62% |
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| Industrial Development - Airline |
1.34% |
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| Electric Utility |
1.31% |
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| Primary/Secondary Ed. - Private |
0.84% |
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| Senior Living |
0.80% |
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| Health Care - Municipal |
0.78% |
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| Prepay Energy |
0.63% |
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| Primary/Secondary Ed. - Public |
0.48% |
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| SUBTOTAL |
42.69% |
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| Tax Supported |
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| Special Tax |
12.32% |
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| Local G.O. |
8.13% |
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| State G.O. |
5.40% |
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| Assessment District |
4.61% |
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| Tax-Supported Local Lease |
3.35% |
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| State Lease |
1.61% |
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| Tax-Supported State Lease |
1.47% |
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| SUBTOTAL |
36.89% |
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| Prerefunded/ETM |
11.25% |
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| Asset-Backed |
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| Housing - Multi-Family |
3.39% |
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| Student Loan |
1.09% |
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| Housing - Single Family |
0.82% |
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| SUBTOTAL |
5.30% |
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| Insured/Guaranteed |
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| Insured |
2.41% |
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| Guaranteed |
1.46% |
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| SUBTOTAL |
3.87% |
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| Total |
100.00% |
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| State Breakdown |
Portfolio % |
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| Texas |
19.44% |
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| California |
11.50% |
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| New York |
10.87% |
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| Florida |
7.11% |
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| Illinois |
6.80% |
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| Michigan |
5.17% |
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| Washington |
3.65% |
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| Alabama |
3.38% |
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| Wisconsin |
3.03% |
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| Colorado |
2.75% |
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| Louisiana |
2.56% |
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| Indiana |
1.76% |
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| Nevada |
1.73% |
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| Pennsylvania |
1.72% |
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| Oregon |
1.52% |
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| Tennessee |
1.46% |
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| Alaska |
1.46% |
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| Hawaii |
1.39% |
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| Puerto Rico |
1.39% |
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| South Carolina |
1.35% |
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| Virginia |
1.23% |
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| Ohio |
1.09% |
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| Massachusetts |
1.08% |
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| Arizona |
1.04% |
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| Rhode Island |
0.84% |
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| New Jersey |
0.82% |
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| North Carolina |
0.60% |
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| Mississippi |
0.56% |
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| District of Columbia |
0.50% |
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| Missouri |
0.47% |
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| Georgia |
0.35% |
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| Maine |
0.34% |
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| North Dakota |
0.31% |
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| Utah |
0.21% |
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| Kansas |
0.19% |
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| Minnesota |
0.17% |
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| New Hampshire |
0.12% |
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| Iowa |
0.04% |
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| Total Investments |
100.00% |
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| Credit Quality Breakdown |
Portfolio % |
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| AAA |
21.52% |
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| AA |
28.46% |
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| A |
22.38% |
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| BBB |
11.91% |
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| B |
0.43% |
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| Not Rated |
4.05% |
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| Pre-refunded Bonds |
11.25% |
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| Total Investments |
100.00% |
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| Portfolio Statistics: |
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| AMT Percentage: |
18.46% |
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| Average Coupon: |
5.69 |
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| Percentage of Leverage: |
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| Bank Borrowing: |
0.00% |
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| Investment Operations: |
2.31% |
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| Preferred Stock: |
36.38% |
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| Tender Option Bonds: |
6.42% |
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| Term Asset-Backed Loans Facility (TALF): |
0.00% |
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| Total Fund Leverage: |
45.11%* |
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| Average Effective Maturity: |
4.89 Years |
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| Effective Duration: |
4.06 Years |
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| Total Net Assets: |
$665.88 Million** |
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| Common Stock Net Asset Value: |
$14.76 |
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| Number of Holdings: |
208 |
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| Portfolio Turnover |
10 |
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* The total percentage of leverage constitutes 6.42% through the use of tender option bonds, 36.38% in issued and outstanding preferred
stock and 2.31% 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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