AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, July 28 /PRNewswire-FirstCall/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of June 30, 2010.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings Portfolio %
1)Texas Transp Commission Series 07 5.00%, 3.30%
4/01/23
2)Wayne State Univ MI Series 2009 5.00%, 2.51%
11/15/29
3)Chicago IL O'Hare Intl Arpt (O'Hare Intl 2.15%
Arpt) NPFGC Series A 5.375%, 1/01/32
4)Wisconsin Hlth & Ed Fac Auth (Ministry 1.98%
Health Care, Inc.) NPFGC Series 02A 5.25%,
2/15/32
5)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.65%
House Apts) NPFGC Series 01A 5.55%, 10/01/36
6)Univ of Illinois AGM Series 07A 5.25%, 1.65%
10/01/26
7)Indianapolis IN Loc Bond Bank NPFGC Series 1.59%
2A 5.25%, 7/01/33 (Prerefunded/ETM)
8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.42%
25th Ave) NPFGC Series 02 5.25%, 6/01/33
9)Texas GO Series 02A 5.50%, 8/01/41 1.41%
10)Los Angeles CA Regl Arpts (Laxfuel 1.37%
Corporation) AMBAC Series 01 5.50%, 1/01/32
Sector/Industry Breakdown Portfolio %
Prerefunded/ETM 12.64%
Health Care - Not-for-Profit 11.20%
Airport/Ports 8.06%
Special Tax 8.03%
Insured 7.82%
Local G.O. 6.12%
State G.O. 5.50%
Higher Education - Public 4.58%
Assessment District 4.57%
Revenue - Miscellaneous 4.04%
Housing - Multi-Family 3.00%
Tax-Supported Local Lease 2.46%
Water & Sewer 2.38%
Guaranteed 2.30%
Industrial Development - Utility 2.29%
Industrial Development - Industry 2.26%
Housing - Single Family 2.24%
State Lease 1.65%
Tax-Supported State Lease 1.55%
Higher Education - Private 1.54%
Industrial Development - Airline 1.37%
Student Loan 1.12%
Health Care - Municipal 0.87%
Senior Living 0.84%
Prepay Energy 0.61%
Primary/Secondary Ed. - Public 0.47%
Toll Roads/Transit 0.25%
Electric Utility 0.24%
Total 100.00%
State Breakdown Portfolio %
Texas 18.50%
California 10.56%
Illinois 8.77%
Florida 8.09%
Michigan 5.42%
Alabama 3.84%
Washington 3.66%
Colorado 3.65%
Wisconsin 3.24%
New York 2.92%
Indiana 2.56%
Louisiana 2.54%
Nevada 2.45%
Pennsylvania 2.33%
Ohio 2.05%
Massachusetts 1.88%
South Carolina 1.55%
Alaska 1.52%
Tennessee 1.47%
Puerto Rico 1.40%
Hawaii 1.38%
Virginia 1.24%
Arizona 1.01%
Georgia 0.90%
New Jersey 0.90%
Rhode Island 0.82%
New Hampshire 0.79%
Mississippi 0.73%
Oregon 0.70%
North Carolina 0.61%
District Of Columbia 0.52%
Missouri 0.49%
North Dakota 0.40%
Arkansas 0.32%
Minnesota 0.32%
Utah 0.22%
Kansas 0.18%
Iowa 0.07%
Total 100.00%
Credit Quality Breakdown Portfolio %
AAA 23.53%
AAA(Pre-refunded Bonds) 12.61%
AA 19.90%
A 23.96%
BBB 13.63%
BB 1.43%
N/R 4.94%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 20.84%
Average Coupon: 5.18%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 7.71%
Preferred Stock: 37.43%
Term Asset-Backed Loans
Facility (TALF): 0.00%
Total Fund Leverage: 45.14%*
Avg. Maturity: 8.81 Years
Effective Duration: 6.08 Years
Total Net Assets: $647.2 Million**
Common Stock Net Asset Value: $14.11
Number of Holdings: 221
* The total percentage of leverage constitutes 37.43% in issued and outstanding preferred stock and 7.71% 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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