AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
April 26 2011 - 4:06PM
PR Newswire (US)
NEW YORK, April 26, 2011 /PRNewswire/ -- AllianceBernstein
National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today
released its monthly portfolio update as of March 31, 2011.
AllianceBernstein National
Municipal Income Fund, Inc.
|
|
|
|
|
Top 10 Fixed-Income
Holdings
|
|
|
|
Portfolio
%
|
|
1) Texas Trnsp Comm
Series 07 5.00%,
4/01/23
|
3.37%
|
|
2) Wayne State Univ MI
Series 2009 5.00%,
11/15/29
|
2.51%
|
|
3) Chicago IL O'hare Intl Arpt
(O'hare Intl Arpt)
NPFGC Series A 5.375%,
1/01/32
|
2.07%
|
|
4) Wisconsin Hlth & Ed Fac
Auth (Ministry Health Care, Inc.) NPFGC
Series 02A 5.25%, 2/15/32
|
1.90%
|
|
5) Univ of Illinois
AGM Series 07A 5.25%,
10/01/26
|
1.62%
|
|
6) Indianapolis IN Loc Bond Bank
NPFGC Series 2A 5.25%,
7/01/33 (Prerefunded/ETM)
|
1.61%
|
|
7) Bexar Cnty TX HFC MFHR
(Doral Club & Sutton House Apts) NPFGC Series 01A
5.55%, 10/01/36
|
1.58%
|
|
8) Texas GO
Series 02A 5.50%,
8/01/41
|
1.44%
|
|
9) Twenty Fifth Ave Pptys WA
(Univ of WA Dorm 25th Ave) NPFGC
Series 02 5.25%, 6/01/33
|
1.40%
|
|
10) Gulf Coast Wtr Auth TX
(Anheuser-busch Cos., Inc.)
Series 02 5.90%,
4/01/36
|
1.37%
|
|
|
|
|
Sector/Industry
Breakdown
|
|
|
|
Portfolio
%
|
|
Prerefunded/ETM
|
11.50%
|
|
Health Care -
Not-for-Profit
|
9.53%
|
|
Special Tax
|
9.25%
|
|
Airport
|
7.89%
|
|
Insured
|
7.88%
|
|
Local G.O.
|
6.21%
|
|
State G.O.
|
5.58%
|
|
Assessment District
|
4.74%
|
|
Higher Education -
Public
|
4.59%
|
|
Revenue -
Miscellaneous
|
4.26%
|
|
Water & Sewer
|
3.40%
|
|
Industrial Development -
Utility
|
2.53%
|
|
Guaranteed
|
2.32%
|
|
Industrial Development -
Industry
|
2.20%
|
|
Tax-Supported State
Lease
|
2.19%
|
|
Tax-Supported Local
Lease
|
2.16%
|
|
Housing - Single
Family
|
2.09%
|
|
Housing -
Multi-Family
|
1.88%
|
|
Higher Education -
Private
|
1.69%
|
|
State Lease
|
1.62%
|
|
Industrial Development -
Airline
|
1.26%
|
|
Student Loan
|
1.17%
|
|
Electric Utility
|
1.12%
|
|
Senior Living
|
0.82%
|
|
Health Care -
Municipal
|
0.79%
|
|
Prepay Energy
|
0.60%
|
|
Primary/Secondary Ed. -
Public
|
0.47%
|
|
Toll Roads/Transit
|
0.26%
|
|
Total
|
100.00%
|
|
|
|
|
State Breakdown
|
|
|
|
Portfolio
%
|
|
Texas
|
18.75%
|
|
California
|
11.58%
|
|
Illinois
|
8.55%
|
|
Florida
|
7.25%
|
|
Washington
|
4.53%
|
|
Michigan
|
4.41%
|
|
New York
|
4.38%
|
|
Alabama
|
3.56%
|
|
Wisconsin
|
3.19%
|
|
Colorado
|
2.73%
|
|
Louisiana
|
2.58%
|
|
Indiana
|
2.56%
|
|
Nevada
|
2.45%
|
|
Pennsylvania
|
2.25%
|
|
Ohio
|
1.72%
|
|
Massachusetts
|
1.57%
|
|
Alaska
|
1.56%
|
|
Tennessee
|
1.53%
|
|
Oregon
|
1.47%
|
|
Puerto Rico
|
1.41%
|
|
South Carolina
|
1.34%
|
|
Hawaii
|
1.34%
|
|
Virginia
|
1.22%
|
|
Arizona
|
1.01%
|
|
Georgia
|
0.92%
|
|
New Jersey
|
0.85%
|
|
Rhode Island
|
0.83%
|
|
New Hampshire
|
0.79%
|
|
North Carolina
|
0.63%
|
|
Mississippi
|
0.59%
|
|
District of Columbia
|
0.53%
|
|
Missouri
|
0.49%
|
|
North Dakota
|
0.41%
|
|
Minnesota
|
0.32%
|
|
Arkansas
|
0.24%
|
|
Utah
|
0.23%
|
|
Kansas
|
0.17%
|
|
Iowa
|
0.06%
|
|
Total Investments
|
100.00%
|
|
|
|
|
Credit Quality
Breakdown
|
|
|
|
Portfolio
%
|
|
|
AAA
|
20.36%
|
|
|
AAA(Pre-refunded
Bonds)
|
11.50%
|
|
|
AA
|
25.35%
|
|
|
A
|
21.82%
|
|
|
BBB
|
15.29%
|
|
|
BB
|
1.00%
|
|
|
Not Rated
|
4.68%
|
|
|
Total Investments
|
100.00%
|
|
|
|
|
Portfolio
Statistics:
|
|
|
|
AMT Percentage:
|
18.53%
|
|
|
Average Coupon:
|
5.42%
|
|
|
Percentage of
Leverage:
|
|
|
|
|
Bank Borrowing:
|
0.00%
|
|
|
|
Investment
Operations:
|
0.56%
|
|
|
|
Preferred Stock:
|
39.01%
|
|
|
|
Tender Option Bonds:
|
6.89%
|
|
|
|
Term Asset-Backed Loans Facility
(TALF):
|
0.00%
|
|
|
|
Total Fund Leverage:
|
46.46%*
|
|
|
Average Maturity:
|
11.88 Years
|
|
|
Effective Duration:
|
7.82 Years
|
|
|
Total Net Assets:
|
$621.01
Million**
|
|
|
Common Stock Net Asset
Value:
|
$13.20
|
|
|
Number of Holdings:
|
214
|
|
|
|
|
* The total percentage of
leverage constitutes 6.89% through the use of tender option bonds,
39.01% in issued and outstanding preferred stock and 0.56% 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.
Copyright 2011 PR Newswire
AllianceBernstein (NYSE:AB)
Historical Stock Chart
From May 2024 to Jun 2024
AllianceBernstein (NYSE:AB)
Historical Stock Chart
From Jun 2023 to Jun 2024