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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