AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 26, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2012.
| AllianceBernstein National Municipal Income Fund, Inc. |
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| Top 10 Fixed-Income Holdings |
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| Portfolio % |
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| 1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 |
3.13% |
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| 2) Wayne State Univ MI Series 2009 5.00%, |
2.38% |
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| 11/15/29 |
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| 3) Washington Fed Hwy Grant Series 2012F |
2.37% |
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| 5.00%, 9/01/24 |
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| 4) Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.03% |
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| 7/01/27 |
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| 5) Chicago IL O'Hare Intl Arpt (O'Hare Intl Arpt) |
1.97% |
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| NPFGC Series A 5.375%, 1/01/32 |
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| 6) Triborough Brdg & Tunl Auth NY 5.00%, |
1.57% |
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| 1/01/26 |
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| 7) Univ of Illinois AGM Series 07A 5.25%, |
1.56% |
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| 10/01/26 |
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| 8) New York NY Trnsl Fin Auth Series 2011B |
1.56% |
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| 5.00%, 2/01/26 |
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| 9) Indianapolis IN Loc Bond Bank NPFGC Series 2A |
1.32% |
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| 5.25%, 7/01/33 (Prerefunded/ETM) |
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| 10) Twenty Fifth Ave Pptys WA NPFGC Series 02 |
1.28% |
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| 5.25%, 6/01/33 (Prerefunded/ETM) |
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| Sector/Industry Breakdown |
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| Portfolio % |
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| Revenue |
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| Water & Sewer |
7.05% |
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| Airport |
6.97% |
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| Health Care - Not-for-Profit |
5.60% |
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| Revenue - Miscellaneous |
5.01% |
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| Higher Education - Public |
3.63% |
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| Electric Utility |
3.30% |
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| Industrial Development - Utility |
2.30% |
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| Toll Roads/Transit |
2.16% |
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| Industrial Development - Industry |
1.51% |
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| Higher Education - Private |
1.45% |
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| Industrial Development - Airline |
1.25% |
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| Primary/Secondary Ed. - Private |
0.79% |
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| Senior Living |
0.77% |
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| Prepay Energy |
0.60% |
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| Primary/Secondary Ed. - Public |
0.46% |
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| SUBTOTAL |
42.85% |
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| Tax Supported |
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| Special Tax |
15.23% |
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| Local G.O. |
10.45% |
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| State G.O. |
5.02% |
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| Assessment District |
3.49% |
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| Tax-Supported Local Lease |
3.16% |
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| State Lease |
1.56% |
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| Tax-Supported State Lease |
1.40% |
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| SUBTOTAL |
40.31% |
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| Prerefunded/ETM |
10.63% |
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| Insured/Guaranteed |
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| Insured |
2.39% |
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| Guaranteed |
1.39% |
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| SUBTOTAL |
3.78% |
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| Asset-Backed |
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| Housing - Multi-Family |
1.75% |
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| Housing - Single Family |
0.68% |
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| SUBTOTAL |
2.43% |
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| Total |
100.00% |
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| State Breakdown |
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| Portfolio % |
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| Texas |
18.35% |
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| California |
11.35% |
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| New York |
10.85% |
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| Illinois |
6.75% |
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| Florida |
5.87% |
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| Washington |
5.82% |
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| Michigan |
4.91% |
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| Louisiana |
4.00% |
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| South Carolina |
3.33% |
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| Colorado |
2.58% |
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| Alabama |
2.43% |
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| Georgia |
2.36% |
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| Ohio |
1.65% |
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| Pennsylvania |
1.63% |
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| Indiana |
1.63% |
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| Nevada |
1.61% |
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| Virginia |
1.61% |
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| Oregon |
1.44% |
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| Alaska |
1.35% |
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| Hawaii |
1.32% |
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| Puerto Rico |
1.31% |
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| Massachusetts |
1.01% |
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| Wisconsin |
0.98% |
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| Rhode Island |
0.79% |
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| Arizona |
0.77% |
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| New Jersey |
0.76% |
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| North Carolina |
0.57% |
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| Mississippi |
0.53% |
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| District of Columbia |
0.46% |
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| Missouri |
0.37% |
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| Tennessee |
0.35% |
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| Maine |
0.32% |
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| North Dakota |
0.29% |
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| Utah |
0.20% |
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| Kansas |
0.18% |
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| Minnesota |
0.16% |
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| New Hampshire |
0.11% |
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| Total Investments |
100.00% |
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| Credit Quality Breakdown |
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| Portfolio % |
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| AAA |
20.82% |
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| AA |
37.69% |
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| A |
16.73% |
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| BBB |
10.71% |
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| B |
0.40% |
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| Not Rated |
3.02% |
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| Pre-refunded Bonds |
10.63% |
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| Total Investments |
100.00% |
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| Portfolio Statistics: |
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| AMT Percentage: |
18.33% |
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| Average Coupon: |
6.01 |
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| Percentage of Leverage: |
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| Bank Borrowing: |
0.00% |
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| Investment Operations: |
8.18% |
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| Preferred Stock: |
35.96% |
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| Tender Option Bonds: |
6.35% |
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| Term Asset-Backed Loans Facility (TALF): |
0.00% |
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| Total Fund Leverage: |
50.49%* |
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| Average Effective Maturity: |
5.02 Years |
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| Effective Duration: |
4.54 Years |
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| Total Net Assets: |
$673.59 Million** |
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| Common Stock Net Asset Value: |
$15.02 |
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| Number of Holdings: |
211 |
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| Portfolio Turnover: |
10 |
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* The total percentage of leverage constitutes 6.35% through the use of tender option bonds, 35.96% in issued and outstanding preferred stock and 8.18% 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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