AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Nov. 27, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2012.
| AllianceBernstein National Municipal Income Fund, Inc. |
||
| 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 |
3.23% |
| 2) |
Metropolitan Trnsp Auth NY (Metro Trnsp Auth |
2.74% |
| NY Ded Tax) Series 2012A 5.00%, 11/15/28 |
||
| 3) |
Wayne State Univ MI Series 2009 5.00%, |
2.49% |
| 11/15/29 |
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| 4) |
Washington Fed Hwy Grant Series 2012F |
2.48% |
| 5.00%, 9/01/24 |
||
| 5) |
Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.10% |
| 7/01/27 |
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| 6) |
Harris City TX Toll Road Series 2012 5.00%, |
1.93% |
| 8/15/30 |
||
| 7) |
Triborough Brdg & Tunl Auth NY 5.00%, |
1.63% |
| 1/01/26 |
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| 8) |
New York NY Trnsl Fin Auth Series 2011B |
1.61% |
| 5.00%, 2/01/26 |
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| 9) |
Univ of Illinois AGM Series 07A 5.25%, |
1.60% |
| 10/01/26 |
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| 10) |
San Francisco City/Cnty CA Pub Util Wtr |
1.31% |
| 5.00%, 11/01/27 |
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| Sector/Industry Breakdown |
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| Portfolio % |
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| Revenue |
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| Water & Sewer |
9.74% |
|
| Toll Roads/Transit |
6.64% |
|
| Revenue - Miscellaneous |
5.20% |
|
| Health Care - Not-for-Profit |
4.53% |
|
| Airport |
4.42% |
|
| Higher Education - Public |
3.77% |
|
| Electric Utility |
3.38% |
|
| Industrial Development - Utility |
2.33% |
|
| Higher Education - Private |
1.50% |
|
| Industrial Development - Airline |
1.27% |
|
| Primary/Secondary Ed. - Private |
0.81% |
|
| Senior Living |
0.80% |
|
| Prepay Energy |
0.64% |
|
| Primary/Secondary Ed. - Public |
0.48% |
|
| SUBTOTAL |
45.51% |
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| Tax Supported |
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| Special Tax |
18.38% |
|
| Local G.O. |
11.14% |
|
| State G.O. |
5.09% |
|
| Tax-Supported Local Lease |
3.32% |
|
| Assessment District |
2.79% |
|
| State Lease |
1.60% |
|
| Tax-Supported State Lease |
1.43% |
|
| SUBTOTAL |
43.75% |
|
| Prerefunded/ETM |
4.64% |
|
| Insured/Guaranteed |
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| Insured |
2.42% |
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| Guaranteed |
1.44% |
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| SUBTOTAL |
3.86% |
|
| Asset-Backed |
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| Housing - Multi-Family |
1.58% |
|
| Housing - Single Family |
0.66% |
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| SUBTOTAL |
2.24% |
|
| Total |
100.00% |
|
| State Breakdown |
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| Portfolio % |
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| Texas |
18.90% |
|
| New York |
15.91% |
|
| California |
12.86% |
|
| Florida |
5.34% |
|
| Michigan |
5.08% |
|
| Washington |
4.71% |
|
| Louisiana |
4.15% |
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| Illinois |
4.13% |
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| South Carolina |
3.45% |
|
| Colorado |
2.66% |
|
| Georgia |
2.10% |
|
| Pennsylvania |
1.69% |
|
| Ohio |
1.68% |
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| New Jersey |
1.67% |
|
| Virginia |
1.65% |
|
| Oregon |
1.48% |
|
| Hawaii |
1.36% |
|
| Alaska |
1.36% |
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| Puerto Rico |
1.31% |
|
| Alabama |
1.13% |
|
| Nevada |
1.03% |
|
| Wisconsin |
0.99% |
|
| Arizona |
0.82% |
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| Rhode Island |
0.81% |
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| Massachusetts |
0.75% |
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| North Carolina |
0.59% |
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| Mississippi |
0.54% |
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| Missouri |
0.38% |
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| Tennessee |
0.36% |
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| Maine |
0.33% |
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| Indiana |
0.31% |
|
| Kansas |
0.19% |
|
| Minnesota |
0.17% |
|
| New Hampshire |
0.11% |
|
| Total Investments |
100.00% |
|
| Credit Quality Breakdown |
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| Portfolio % |
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| AAA |
20.39% |
|
| AA |
47.41% |
|
| A |
14.54% |
|
| BBB |
9.23% |
|
| BB |
0.27% |
|
| B |
0.41% |
|
| Not Rated |
3.11% |
|
| Pre-refunded Bonds |
4.64% |
|
| Total Investments |
100.00% |
|
| Portfolio Statistics: |
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| AMT Percentage: |
16.66% |
|
| Average Coupon: |
5.73% |
|
| Percentage of Leverage: |
||
| Bank Borrowing: |
0.00% |
|
| Investment Operations: |
4.86% |
|
| Preferred Stock: |
35.63% |
|
| Tender Option Bonds: |
6.29% |
|
| Term Asset-Backed Loans Facility (TALF): |
0.00% |
|
| Total Fund Leverage: |
46.78%* |
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| Average Effective Maturity: |
5.96 Years |
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| Effective Duration: |
5.31 Years |
|
| Total Net Assets: |
$679.97 Million** |
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| Common Stock Net Asset Value: |
$15.24 |
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| Number of Holdings: |
200 |
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| Portfolio Turnover: |
10% |
|
* The total percentage of leverage constitutes 6.29% through the use of tender option bonds, 35.63% in issued and outstanding preferred stock and 4.86% 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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