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AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update


News provided by

AllianceBernstein National Municipal Income Fund, Inc.

May 29, 2012, 04:06 ET

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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




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.

Modal title

Also from this source

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE


ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. REPORTS FOURTH QUARTER EARNINGS

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