AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of June 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 |
3.24% |
| 2) Wayne State Univ MI Series 2009 5.00%, 11/15/29 |
2.49% |
| 3) Washington Fed Hwy Grant Series 2012F 5.00%, 9/01/24 |
2.45% |
| 4) Metro Atlanta Rapid Tran Auth GA 5.00%, 7/01/27 |
2.08% |
| 5) Chicago IL O'Hare Intl Arpt (O'hare Intl Arpt) NPFGC Series A 5.375%, 1/01/32 |
2.05% |
| 6) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 |
1.62% |
| 7) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26 |
1.60% |
| 8) New York NY Trnsl Fin Auth Series 2011B 5.00%, 2/01/26 |
1.60% |
| 9) Los Angeles CA Regl Arpts Impt Corp. (Laxfuel Corp.) AMBAC Series 01 5.50%, 1/01/32 |
1.30% |
| 10) Texas GO Series 02A 5.50%, 8/01/41 |
1.30% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
9.72% |
| Airport |
7.24% |
| Health Care - Not-for-Profit |
5.24% |
| Revenue - Miscellaneous |
5.18% |
| Higher Education - Public |
3.79% |
| Electric Utility |
3.42% |
| Industrial Development - Utility |
2.39% |
| Toll Roads/Transit |
2.21% |
| Higher Education - Private |
1.52% |
| Industrial Development - Airline |
1.30% |
| Primary/Secondary Ed. - Private |
0.82% |
| Senior Living |
0.80% |
| Prepay Energy |
0.61% |
| Primary/Secondary Ed. - Public |
0.48% |
| SUBTOTAL |
44.72% |
| Tax Supported |
|
| Special Tax |
15.74% |
| Local G.O. |
11.13% |
| State G.O. |
5.19% |
| Assessment District |
3.62% |
| Tax-Supported Local Lease |
3.28% |
| State Lease |
1.62% |
| Tax-Supported State Lease |
1.44% |
| SUBTOTAL |
42.02% |
| Prerefunded/ETM |
6.86% |
| Insured/Guaranteed |
|
| Insured |
2.47% |
| Guaranteed |
1.44% |
| SUBTOTAL |
3.91% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.81% |
| Housing - Single Family |
0.68% |
| SUBTOTAL |
2.49% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| Texas |
18.11% |
| California |
13.05% |
| New York |
12.32% |
| Illinois |
6.98% |
| Florida |
6.09% |
| Michigan |
5.11% |
| Washington |
4.69% |
| Louisiana |
4.14% |
| South Carolina |
3.45% |
| Colorado |
2.69% |
| Georgia |
2.08% |
| Ohio |
1.71% |
| Pennsylvania |
1.69% |
| Alabama |
1.69% |
| Virginia |
1.67% |
| Oregon |
1.49% |
| Alaska |
1.40% |
| Hawaii |
1.37% |
| Puerto Rico |
1.35% |
| Nevada |
1.03% |
| Wisconsin |
1.01% |
| Rhode Island |
0.82% |
| Arizona |
0.80% |
| New Jersey |
0.79% |
| Massachusetts |
0.77% |
| North Carolina |
0.59% |
| Mississippi |
0.55% |
| District of Columbia |
0.48% |
| Missouri |
0.38% |
| Tennessee |
0.36% |
| Maine |
0.33% |
| Indiana |
0.32% |
| Utah |
0.21% |
| Kansas |
0.19% |
| Minnesota |
0.17% |
| New Hampshire |
0.12% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
21.49% |
| AA |
41.71% |
| A |
15.81% |
| BBB |
10.56% |
| B |
0.42% |
| Not Rated |
3.15% |
| Pre-refunded Bonds |
6.86% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
18.12% |
| Average Coupon: |
5.68 |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
4.20% |
| Preferred Stock: |
36.13% |
| Tender Option Bonds: |
6.38% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
46.71%* |
| Average Maturity: |
5.20 Years |
| Effective Duration: |
4.63 Years |
| Total Net Assets: |
$670.34 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 4.20% 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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