AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, April 27 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of March 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1)Texas Transp Commission Series 07 5.00%, 3.31%
4/01/23
2)Wayne State Univ MI Series 2009 5.00%, 2.53%
11/15/29
3)Chicago IL O'hare Intl Arpt (O'hare Intl 2.16%
Arpt) NPFGC Series A 5.375%, 1/01/32
4)Wisconsin Hlth & Ed Fac Auth (Ministry 1.92%
Health Care, Inc.) NPFGC Series 02A 5.25%,
2/15/32
5)Univ of Illinois FSA Series 07A 5.25%, 1.66%
10/01/26
6)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.64%
House Apts) NPFGC Series 01A 5.55%, 10/01/36
7)Indianapolis IN Loc Bond Bank NPFGC Series 1.62%
2A 5.25%, 7/01/33 (Prerefunded/ETM)
8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.44%
25th Ave) NPFGC Series 02 5.25%, 6/01/33
9)Texas GO Series 02A 5.50%, 8/01/41 1.43%
10)Los Angeles CA Regl Arpts (Laxfuel 1.37%
Corporation) AMBAC Series 01 5.50%, 1/01/32
Sector/Industry Breakdown
Portfolio %
Prerefunded/ETM 12.09%
Health Care - Not-for-Profit 10.63%
Airport/Ports 7.38%
Insured 6.17%
Local G.O. 6.15%
State G.O. 5.53%
Higher Education - Public 5.08%
Higher Education 4.16%
Revenue - Miscellaneous 3.80%
Special Tax 3.64%
Assessment District 3.58%
Transportation 3.31%
Housing - Multi-Family 3.01%
Tax-Supported Local Lease 2.47%
Guaranteed 2.30%
Housing - Single Family 2.30%
Industrial Development - Industry 2.30%
Industrial Development - Utility 2.29%
Water & Sewer 1.83%
Money Market 1.67%
Prepay Energy 1.64%
Tax-Supported State Lease 1.58%
Higher Education - Private 1.51%
Industrial Development - Airline 1.37%
Senior Living 1.22%
Student Loan 1.14%
Health Care - Municipal 0.88%
Primary/Secondary Ed. - Public 0.45%
Toll Roads/Transit 0.26%
Electric Utility 0.26%
Total 100.00%
State Breakdown
Portfolio %
Texas 18.65%
California 10.41%
Illinois 8.84%
Florida 8.15%
Michigan 5.41%
Alabama 3.81%
Washington 3.71%
Wisconsin 3.60%
New York 2.93%
Colorado 2.65%
Indiana 2.61%
Louisiana 2.55%
Tennessee 2.52%
Nevada 2.48%
Massachusetts 2.47%
Ohio 2.06%
Pennsylvania 1.75%
South Carolina 1.58%
Alaska 1.53%
Puerto Rico 1.39%
Virginia 1.25%
Arizona 1.01%
Georgia 0.91%
New Jersey 0.90%
Rhode Island 0.81%
New Hampshire 0.80%
Mississippi 0.74%
Oregon 0.67%
Hawaii 0.64%
North Carolina 0.62%
District Of Columbia 0.52%
Missouri 0.49%
North Dakota 0.41%
Arkansas 0.33%
Minnesota 0.32%
Utah 0.22%
Kansas 0.18%
Iowa 0.08%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 32.84%
AA 21.89%
A 26.32%
BBB 14.81%
BB 3.80%
B 0.34%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 20.90%
Average Coupon: 5.13%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 7.36%
Preferred Stock: 37.80%
Term Asset-Backed Loans
Facility (TALF): 0.00%
Total Fund Leverage: 45.16%*
Avg. Maturity: 9.72 Years
Effective Duration: 6.66 Years
Total Net Assets: $640.8 Million**
Common Stock Net Asset Value: $13.89
Number of Holdings: 222
* The total percentage of leverage constitutes 37.80% in issued and outstanding preferred stock and 7.36% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, 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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