AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, June 29 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of May 31, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1)Texas Transp Commission Series 07 5.00%, 3.32%
4/01/23
2)Wayne State Univ MI Series 2009 5.00%, 2.54%
11/15/29
3)Chicago IL O'hare Intl Arpt (O'hare Intl 2.18%
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 1.65%
House Apts) NPFGC Series 01A 5.55%, 10/01/36
7)Indianapolis IN Loc Bond Bank NPFGC Series 1.60%
2A 5.25%, 7/01/33 (Prerefunded/ETM)
8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.43%
25th Ave) NPFGC Series 02 5.25%, 6/01/33
9)Texas GO Series 02A 5.50%, 8/01/41 1.42%
10)Los Angeles CA Regl Arpts (Laxfuel 1.39%
Corporation) AMBAC Series 01 5.50%, 1/01/32
Sector/Industry Breakdown
Portfolio %
Prerefunded/ETM 11.92%
Health Care - Not-for-Profit 10.64%
Airport/Ports 8.13%
Local G.O. 6.15%
Insured 6.12%
State G.O. 5.55%
Assessment District 4.62%
Higher Education - Public 4.62%
Higher Education 4.16%
Revenue - Miscellaneous 4.06%
Special Tax 3.65%
Transportation 3.32%
Housing - Multi-Family 3.01%
Tax-Supported Local Lease 2.48%
Guaranteed 2.31%
Industrial Development - Utility 2.29%
Industrial Development - Industry 2.27%
Housing - Single Family 2.27%
Water & Sewer 1.83%
Money Market 1.68%
Tax-Supported State Lease 1.57%
Higher Education - Private 1.54%
Industrial Development - Airline 1.39%
Student Loan 1.13%
Health Care - Municipal 0.88%
Senior Living 0.84%
Prepay Energy 0.60%
Primary/Secondary Ed. - Public 0.47%
Toll Roads/Transit 0.26%
Electric Utility 0.24%
Total 100.00%
State Breakdown
Portfolio %
Texas 18.63%
California 10.65%
Illinois 8.81%
Florida 8.12%
Michigan 5.45%
Alabama 3.85%
Colorado 3.70%
Washington 3.69%
Wisconsin 3.19%
New York 2.94%
Indiana 2.58%
Louisiana 2.54%
Nevada 2.47%
Ohio 2.05%
Massachusetts 1.88%
Pennsylvania 1.83%
South Carolina 1.57%
Alaska 1.52%
Tennessee 1.47%
Puerto Rico 1.41%
Hawaii 1.38%
Virginia 1.25%
Arizona 1.02%
Georgia 0.90%
New Jersey 0.90%
Rhode Island 0.82%
New Hampshire 0.79%
Mississippi 0.73%
Oregon 0.70%
North Carolina 0.62%
District Of Columbia 0.52%
Missouri 0.49%
North Dakota 0.41%
Arkansas 0.32%
Minnesota 0.32%
Utah 0.22%
Kansas 0.18%
Iowa 0.08%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 35.24%
AA 22.29%
A 26.12%
BBB 12.18%
BB 3.83%
B 0.34%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 20.73%
Average Coupon: 5.16%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 7.67%
Preferred Stock: 37.34%
Term Asset-Backed Loans
Facility (TALF): 0.00%
Total Fund Leverage: 45.01%*
Avg. Maturity: 8.82 Years
Effective Duration: 6.03 Years
Total Net Assets: $648.7 Million**
Common Stock Net Asset Value: $14.17
Number of Holdings: 220
* The total percentage of leverage constitutes 37.34% in issued and outstanding preferred stock and 7.67% 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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