AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 30, 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 |
3.21% |
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| 2) |
Metropolitan Trnsp Auth NY (Metro Trnsp Auth |
2.78% |
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| Ny Ded Tax) Series 2012A 5.00%, 11/15/28 |
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| 3) |
Wayne State Univ MI Series 2009 5.00%, |
2.51% |
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| 11/15/29 |
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| 4) |
Washington Fed Hwy Grant Series 2012F |
2.49% |
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| 5.00%, 9/01/24 |
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| 5) |
Metro Atlanta Rapid Tran Auth GA 5.00%, |
2.13% |
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| 7/01/27 |
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| 6) |
Harris City TX Toll Road (Harris Cnty Tx Toll |
1.96% |
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| Road) Series 2012 5.00%, 8/15/30 |
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| 7) |
Triborough Brdg & Tunl Auth NY 5.00%, |
1.65% |
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| 1/01/26 |
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| 8) |
New York NY Trnsl Fin Auth Series 2011B |
1.63% |
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| 5.00%, 2/01/26 |
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| 9) |
Univ of Illinois AGM Series 07A 5.25%, |
1.62% |
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| 10/01/26 |
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| 10) |
Univ of Illinois AGM Series 07A 5.25%, |
1.62% |
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| 10/01/26 |
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| Sector/Industry Breakdown |
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| Portfolio % |
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| Tax Supported |
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| Special Tax |
18.46% |
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| Local G.O. |
11.24% |
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| State G.O. |
5.01% |
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| State Lease |
3.23% |
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| Tax-Supported Local Lease |
3.22% |
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| Assessment District |
2.73% |
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| Tax-Supported State Lease |
1.44% |
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| SUBTOTAL |
45.33% |
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| Revenue |
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| Water & Sewer |
9.81% |
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| Revenue - Miscellaneous |
7.07% |
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| Toll Roads/Transit |
6.73% |
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| Airport |
4.08% |
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| Higher Education - Public |
3.78% |
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| Electric Utility |
3.39% |
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| Health Care - Not-for-Profit |
3.19% |
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| Industrial Development - Utility |
2.30% |
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| Higher Education - Private |
1.50% |
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| Primary/Secondary Ed. - Private |
0.80% |
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| Senior Living |
0.80% |
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| Prepay Energy |
0.65% |
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| Primary/Secondary Ed. - Public |
0.48% |
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| SUBTOTAL |
44.58% |
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| Prerefunded/ETM |
4.03% |
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| Insured/Guaranteed |
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| Insured |
2.41% |
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| Guaranteed |
1.44% |
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| SUBTOTAL |
3.85% |
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| Asset-Backed |
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| Housing - Multi-Family |
1.56% |
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| Housing - Single Family |
0.65% |
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| SUBTOTAL |
2.21% |
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| Total |
100.00% |
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| State Breakdown |
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| Portfolio % |
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| Texas |
18.48% |
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| New York |
16.04% |
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| California |
11.60% |
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| Florida |
7.72% |
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| Illinois |
5.72% |
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| Michigan |
5.11% |
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| Washington |
4.73% |
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| Louisiana |
4.15% |
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| South Carolina |
3.44% |
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| Colorado |
2.64% |
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| Georgia |
2.13% |
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| Ohio |
1.68% |
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| New Jersey |
1.66% |
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| Oregon |
1.48% |
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| Hawaii |
1.37% |
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| Alaska |
1.34% |
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| Puerto Rico |
1.23% |
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| Pennsylvania |
1.14% |
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| Alabama |
1.12% |
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| Nevada |
1.01% |
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| Wisconsin |
0.94% |
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| Arizona |
0.83% |
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| Rhode Island |
0.80% |
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| North Carolina |
0.58% |
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| Mississippi |
0.53% |
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| Virginia |
0.49% |
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| Tennessee |
0.36% |
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| Maine |
0.33% |
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| Indiana |
0.31% |
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| Missouri |
0.30% |
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| Massachusetts |
0.28% |
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| Kansas |
0.19% |
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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 |
22.00% |
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| AA |
50.16% |
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| A |
12.43% |
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| BBB |
7.65% |
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| BB |
0.27% |
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| B |
0.41% |
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| Not Rated |
3.05% |
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| Pre-refunded Bonds |
4.03% |
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| Total Investments |
100.00% |
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| Portfolio Statistics: |
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| AMT Percentage: |
16.13% |
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| Average Coupon: |
5.72% |
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| Percentage of Leverage: |
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| Bank Borrowing: |
0.00% |
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| Investment Operations: |
3.08% |
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| Preferred Stock: |
35.05% |
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| Tender Option Bonds: |
6.19% |
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| Term Asset-Backed Loans Facility (TALF): |
0.00% |
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| Total Fund Leverage: |
44.32%* |
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| Average Effective Maturity: |
6.13 Years |
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| Effective Duration: |
5.47 Years |
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| Total Net Assets: |
$691.00 Million** |
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| Common Stock Net Asset Value: |
$15.62 |
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| Number of Holdings: |
193 |
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| Portfolio Turnover: |
10% |
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* The total percentage of leverage constitutes 6.19% through the use of tender option bonds, 35.05% in issued and outstanding preferred stock and 3.08% 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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