NEW YORK, Dec. 24, 2012 /PRNewswire/ --AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 30, 2012.
AllianceBernstein National Municipal Income Fund, Inc. | ||||
Top 10 Fixed-Income Holdings | ||||
Portfolio % | ||||
1) | Texas Trnsp Comm Series 07 5.00%, 4/01/23 | 3.21% | ||
2) | Metropolitan Trnsp Auth NY (Metro Trnsp Auth | 2.78% | ||
Ny Ded Tax) Series 2012A 5.00%, 11/15/28 | ||||
3) | Wayne State Univ MI Series 2009 5.00%, | 2.51% | ||
11/15/29 | ||||
4) | Washington Fed Hwy Grant Series 2012F | 2.49% | ||
5.00%, 9/01/24 | ||||
5) | Metro Atlanta Rapid Tran Auth GA 5.00%, | 2.13% | ||
7/01/27 | ||||
6) | Harris City TX Toll Road (Harris Cnty Tx Toll | 1.96% | ||
Road) Series 2012 5.00%, 8/15/30 | ||||
7) | Triborough Brdg & Tunl Auth NY 5.00%, | 1.65% | ||
1/01/26 | ||||
8) | New York NY Trnsl Fin Auth Series 2011B | 1.63% | ||
5.00%, 2/01/26 | ||||
9) | Univ of Illinois AGM Series 07A 5.25%, | 1.62% | ||
10/01/26 | ||||
10) | Univ of Illinois AGM Series 07A 5.25%, | 1.62% | ||
10/01/26 | ||||
Sector/Industry Breakdown | ||||
Portfolio % | ||||
Tax Supported | ||||
Special Tax | 18.46% | |||
Local G.O. | 11.24% | |||
State G.O. | 5.01% | |||
State Lease | 3.23% | |||
Tax-Supported Local Lease | 3.22% | |||
Assessment District | 2.73% | |||
Tax-Supported State Lease | 1.44% | |||
SUBTOTAL | 45.33% | |||
Revenue | ||||
Water & Sewer | 9.81% | |||
Revenue - Miscellaneous | 7.07% | |||
Toll Roads/Transit | 6.73% | |||
Airport | 4.08% | |||
Higher Education - Public | 3.78% | |||
Electric Utility | 3.39% | |||
Health Care - Not-for-Profit | 3.19% | |||
Industrial Development - Utility | 2.30% | |||
Higher Education - Private | 1.50% | |||
Primary/Secondary Ed. - Private | 0.80% | |||
Senior Living | 0.80% | |||
Prepay Energy | 0.65% | |||
Primary/Secondary Ed. - Public | 0.48% | |||
SUBTOTAL | 44.58% | |||
Prerefunded/ETM | 4.03% | |||
Insured/Guaranteed | ||||
Insured | 2.41% | |||
Guaranteed | 1.44% | |||
SUBTOTAL | 3.85% | |||
Asset-Backed | ||||
Housing - Multi-Family | 1.56% | |||
Housing - Single Family | 0.65% | |||
SUBTOTAL | 2.21% | |||
Total | 100.00% | |||
State Breakdown | ||||
Portfolio % | ||||
Texas | 18.48% | |||
New York | 16.04% | |||
California | 11.60% | |||
Florida | 7.72% | |||
Illinois | 5.72% | |||
Michigan | 5.11% | |||
Washington | 4.73% | |||
Louisiana | 4.15% | |||
South Carolina | 3.44% | |||
Colorado | 2.64% | |||
Georgia | 2.13% | |||
Ohio | 1.68% | |||
New Jersey | 1.66% | |||
Oregon | 1.48% | |||
Hawaii | 1.37% | |||
Alaska | 1.34% | |||
Puerto Rico | 1.23% | |||
Pennsylvania | 1.14% | |||
Alabama | 1.12% | |||
Nevada | 1.01% | |||
Wisconsin | 0.94% | |||
Arizona | 0.83% | |||
Rhode Island | 0.80% | |||
North Carolina | 0.58% | |||
Mississippi | 0.53% | |||
Virginia | 0.49% | |||
Tennessee | 0.36% | |||
Maine | 0.33% | |||
Indiana | 0.31% | |||
Missouri | 0.30% | |||
Massachusetts | 0.28% | |||
Kansas | 0.19% | |||
Minnesota | 0.16% | |||
New Hampshire | 0.11% | |||
Total Investments | 100.00% | |||
Credit Quality Breakdown | ||||
Portfolio % | ||||
AAA | 22.00% | |||
AA | 50.16% | |||
A | 12.43% | |||
BBB | 7.65% | |||
BB | 0.27% | |||
B | 0.41% | |||
Not Rated | 3.05% | |||
Pre-refunded Bonds | 4.03% | |||
Total Investments | 100.00% | |||
Portfolio Statistics: | ||||
AMT Percentage: | 16.13% | |||
Average Coupon: | 5.72% | |||
Percentage of Leverage: | ||||
Bank Borrowing: | 0.00% | |||
Investment Operations: | 3.08% | |||
Preferred Stock: | 35.05% | |||
Tender Option Bonds: | 6.19% | |||
Term Asset-Backed Loans Facility (TALF): | 0.00% | |||
Total Fund Leverage: | 44.32%* | |||
Average Effective Maturity: | 6.13 Years | |||
Effective Duration: | 5.47 Years | |||
Total Net Assets: | $691.00 Million** | |||
Common Stock Net Asset Value: | $15.62 | |||
Number of Holdings: | 193 | |||
Portfolio Turnover: | 10% | |||
* The total percentage of leverage constitutes 6.19% through the use of tender option bonds, 35.05% in issued and outstanding preferred stock and 3.08% 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.
