AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
May 29, 2012, 04:06 ET
NEW YORK, May 29, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of April 30, 2012.
| AllianceBernstein National Municipal Income Fund, Inc. |
|
| Top 10 Fixed-Income Holdings |
|
| Portfolio % |
|
| 1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.37% |
| 2) Wayne State Univ MI Series 2009 5.00%, |
2.52% |
| 11/15/29 |
|
| 3) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) |
2.11% |
| NPFGC Series A 5.375%, 1/01/32 |
|
| 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health |
1.93% |
| Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 |
|
| 5) Triborough Brdg & Tunl Auth NY 5.00%, |
1.68% |
| 1/01/26 |
|
| 6) New York NY Trnsl Fin Auth Series 2011B |
1.65% |
| 5.00%, 2/01/26 |
|
| 7) Univ of Illinois AGM Series 07A 5.25%, |
1.63% |
| 10/01/26 |
|
| 8) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.42% |
| 5.25%, 7/01/33 (Prerefunded/ETM) |
|
| 9) Bexar Cnty TX HFC MFHR (Doral Club & Sutton |
1.38% |
| House Apts) NPFGC Series 01A 5.55%, 10/01/36 |
|
| 10) Twenty Fifth Ave Pptys WA NPFGC Series 02 |
1.38% |
| 5.25%, 6/01/33 (Prerefunded/ETM) |
|
| Sector/Industry Breakdown |
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| Portfolio % |
||||
| Revenue |
||||
| Health Care - Not-for-Profit |
7.93% |
|||
| Airport |
7.43% |
|||
| Water & Sewer |
7.09% |
|||
| Higher Education - Public |
3.86% |
|||
| Industrial Development - Utility |
2.46% |
|||
| Revenue - Miscellaneous |
2.31% |
|||
| Toll Roads/Transit |
2.30% |
|||
| Higher Education - Private |
1.76% |
|||
| Industrial Development - Industry |
1.62% |
|||
| Industrial Development - Airline |
1.34% |
|||
| Electric Utility |
1.32% |
|||
| Primary/Secondary Ed. - Private |
0.84% |
|||
| Senior Living |
0.81% |
|||
| Prepay Energy |
0.64% |
|||
| Primary/Secondary Ed. - Public |
0.49% |
|||
| SUBTOTAL |
42.20% |
|||
| Tax Supported |
||||
| Special Tax |
12.43% |
|||
| Local G.O. |
8.25% |
|||
| State G.O. |
5.37% |
|||
| Assessment District |
4.57% |
|||
| Tax-Supported Local Lease |
3.37% |
|||
| State Lease |
1.63% |
|||
| Tax-Supported State Lease |
1.48% |
|||
| SUBTOTAL |
37.10% |
|||
| Prerefunded/ETM |
11.20% |
|||
| Asset-Backed |
||||
| Housing - Multi-Family |
3.25% |
|||
| Student Loan |
1.09% |
|||
| Housing - Single Family |
0.82% |
|||
| SUBTOTAL |
5.16% |
|||
| Insured/Guaranteed |
||||
| Insured |
2.55% |
|||
| Guaranteed |
1.47% |
|||
| SUBTOTAL |
4.02% |
|||
| Cash Equivalents |
||||
| Investment Companies |
0.32% |
|||
| SUBTOTAL |
0.32% |
|||
| Total |
100.00% |
|||
| State Breakdown |
|
| Portfolio % |
|
| Texas |
19.34% |
| New York |
11.56% |
| California |
11.49% |
| Florida |
7.12% |
| Illinois |
6.82% |
| Michigan |
5.22% |
| Washington |
3.68% |
| Wisconsin |
2.98% |
| Colorado |
2.76% |
| Alabama |
2.60% |
| Louisiana |
2.57% |
| Indiana |
1.75% |
| Nevada |
1.73% |
| Pennsylvania |
1.73% |
| Oregon |
1.53% |
| Tennessee |
1.46% |
| Alaska |
1.45% |
| Hawaii |
1.40% |
| Puerto Rico |
1.40% |
| South Carolina |
1.36% |
| Virginia |
1.23% |
| Ohio |
1.09% |
| Massachusetts |
1.08% |
| Rhode Island |
0.84% |
| Arizona |
0.83% |
| New Jersey |
0.82% |
| North Carolina |
0.61% |
| Mississippi |
0.56% |
| District of Columbia |
0.49% |
| Missouri |
0.48% |
| Maine |
0.35% |
| Georgia |
0.35% |
| North Dakota |
0.31% |
| Utah |
0.21% |
| Kansas |
0.19% |
| Minnesota |
0.17% |
| New Hampshire |
0.12% |
| Other |
0.32% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
22.37% |
| AA |
28.77% |
| A |
21.39% |
| BBB |
11.46% |
| B |
0.43% |
| Not Rated |
4.06% |
| Pre-refunded Bonds |
11.20% |
| Short Term Investments |
0.32% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
||
| AMT Percentage: |
18.38% |
|
| Average Coupon: |
5.66 |
|
| Percentage of Leverage: |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
0.36% |
|
| Preferred Stock: |
36.13% |
|
| Tender Option Bonds: |
6.38% |
|
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
| Total Fund Leverage: |
42.87%* |
|
| Average Effective Maturity: |
4.03 Years |
|
| Effective Duration: |
3.77 Years |
|
| Total Net Assets: |
$670.39 Million** |
|
| Common Stock Net Asset Value: |
$14.91 |
|
| Number of Holdings: |
203 |
|
| Portfolio Turnover |
10 |
|
* The total percentage of leverage constitutes 6.38% through the use of tender option bonds, 36.13% in issued and outstanding preferred stock and 0.36% 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.