AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 31, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 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 |
3.35% |
| 2) Wayne State Univ MI Series 2009 5.00%, |
2.60% |
| 11/15/29 |
|
| 3) Washington Fed Hwy Grant Series 2012F |
2.58% |
| 5.00%, 9/01/24 |
|
| 4) Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.18% |
| 7/01/27 |
|
| 5) Triborough Brdg & Tunl Auth NY 5.00%, |
1.70% |
| 1/01/26 |
|
| 6) New York NY Trnsl Fin Auth Series 2011B |
1.67% |
| 5.00%, 2/01/26 |
|
| 7) Univ of Illinois AGM Series 07A 5.25%, |
1.66% |
| 10/01/26 |
|
| 8) San Francisco City/Cnty CA Pub Util Commn Wtr |
1.36% |
| 5.00%, 11/01/27 |
|
| 9) Los Angeles CA Regl Arpts Impt Corp. (Laxfuel |
1.32% |
| Corp.) AMBAC Series 01 5.50%, 1/01/32 |
|
| 10) Texas GO Series 02A 5.50%, 8/01/41 |
1.32% |
| Sector/Industry Breakdown |
|
| Portfolio % |
|
| Revenue |
|
| Water & Sewer |
10.11% |
| Revenue - Miscellaneous |
5.40% |
| Health Care - Not-for-Profit |
4.70% |
| Airport |
4.59% |
| Toll Roads/Transit |
4.06% |
| Higher Education - Public |
3.92% |
| Electric Utility |
3.52% |
| Industrial Development - Utility |
2.42% |
| Higher Education - Private |
1.56% |
| Industrial Development - Airline |
1.32% |
| Primary/Secondary Ed. - Private |
0.84% |
| Senior Living |
0.83% |
| Prepay Energy |
0.64% |
| Primary/Secondary Ed. - Public |
0.49% |
| SUBTOTAL |
44.40% |
| Tax Supported |
|
| Special Tax |
16.23% |
| Local G.O. |
11.59% |
| State G.O. |
5.30% |
| Tax-Supported Local Lease |
3.45% |
| Assessment District |
2.90% |
| State Lease |
1.66% |
| Tax-Supported State Lease |
1.49% |
| SUBTOTAL |
42.62% |
| Prerefunded/ETM |
5.64% |
| Insured/Guaranteed |
|
| Insured |
2.53% |
| Guaranteed |
1.48% |
| SUBTOTAL |
4.01% |
| Asset-Backed |
|
| Housing - Multi-Family |
1.64% |
| Housing - Single Family |
0.69% |
| SUBTOTAL |
2.33% |
| Cash Equivalents |
|
| Investment Companies |
1.00% |
| SUBTOTAL |
1.00% |
| Total |
100.00% |
| State Breakdown |
|
| Portfolio % |
|
| Texas |
16.83% |
| New York |
13.68% |
| California |
13.49% |
| Florida |
6.23% |
| Michigan |
5.29% |
| Washington |
4.89% |
| Louisiana |
4.32% |
| Illinois |
4.29% |
| South Carolina |
3.58% |
| Colorado |
2.76% |
| Georgia |
2.18% |
| Pennsylvania |
1.75% |
| Ohio |
1.75% |
| New Jersey |
1.72% |
| Virginia |
1.71% |
| Oregon |
1.54% |
| Alaska |
1.42% |
| Hawaii |
1.41% |
| Puerto Rico |
1.36% |
| Alabama |
1.17% |
| Nevada |
1.07% |
| Wisconsin |
1.03% |
| Rhode Island |
0.84% |
| Arizona |
0.83% |
| Massachusetts |
0.78% |
| North Carolina |
0.60% |
| Mississippi |
0.56% |
| Missouri |
0.39% |
| Tennessee |
0.37% |
| Maine |
0.34% |
| Indiana |
0.33% |
| Kansas |
0.20% |
| Minnesota |
0.17% |
| New Hampshire |
0.12% |
| Other |
1.00% |
| Total Investments |
100.00% |
| Credit Quality Breakdown |
|
| Portfolio % |
|
| AAA |
21.18% |
| AA |
43.61% |
| A |
15.07% |
| BBB |
9.56% |
| BB |
0.28% |
| B |
0.43% |
| Not Rated |
3.23% |
| Pre-refunded Bonds |
5.64% |
| Short Term Investments |
1.00% |
| Total Investments |
100.00% |
| Portfolio Statistics: |
|
| AMT Percentage: |
17.07% |
| Average Coupon: |
5.58% |
| Percentage of Leverage: |
|
| Bank Borrowing: |
0.00% |
| Investment Operations: |
0.00% |
| Preferred Stock: |
35.56% |
| Tender Option Bonds: |
6.28% |
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
| Total Fund Leverage: |
41.84%* |
| Average Effective Maturity: |
5.48 Years |
| Effective Duration: |
4.94 Years |
| Total Net Assets: |
$681.21 Million** |
| Common Stock Net Asset Value: |
$15.28 |
| Number of Holdings: |
201 |
| Portfolio Turnover: |
10% |
* The total percentage of leverage constitutes 6.28% through the use of tender option bonds, 35.56% in issued and outstanding preferred stock and 0.00% 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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