NEW YORK, Jan. 25, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 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%, 2.51% 11/15/29 3) Chicago IL O'Hare Intl Arpt (O'hare Intl Arpt) 2.14% NPFGC Series A 5.375%, 1/01/32 4) Wisconsin Hlth & Ed Fac Auth (Ministry Health 1.95% Care, Inc.) NPFGC Series 02A 5.25%, 2/15/32 5) Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.71% House Apts) NPFGC Series 01A 5.55%, 10/01/36 6) Triborough Brdg & Tunl Auth NY 5.00%, 1.67% 1/01/26 7) New York NY Trnsl Fin Auth Series 2011B 1.65% 5.00%, 2/01/26 8) Univ of Illinois AGM Series 07A 5.25%, 1.64% 10/01/26 9) Indianapolis IN Loc Bond Bank NPFGC Series 2A 1.46% 5.25%, 7/01/33 (Prerefunded/ETM) 10) Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.39% 25th Ave) NPFGC Series 02 5.25%, 6/01/33 Sector/Industry Breakdown Portfolio % Revenue Health Care - Not-for-Profit 7.89% Airport 7.87% Water & Sewer 6.47% Higher Education - Public 4.58% Revenue - Miscellaneous 3.82% Industrial Development - Utility 2.49% Toll Roads/Transit 1.94% Higher Education - Private 1.74% Industrial Development - Industry 1.64% Industrial Development - Airline 1.35% Electric Utility 1.13% Primary/Secondary Ed. - Private 0.84% Health Care - Municipal 0.79% Senior Living 0.79% Prepay Energy 0.60% Primary/Secondary Ed. - Public 0.47% SUBTOTAL 44.41% Tax Supported Special Tax 12.36% Local G.O. 5.84% State G.O. 4.84% Assessment District 4.66% Tax-Supported Local Lease 3.35% Tax-Supported State Lease 2.36% State Lease 1.64% SUBTOTAL 35.05% Prerefunded/ETM 10.56% Asset-Backed Housing - Multi-Family 3.61% Housing - Single Family 1.27% Student Loan 1.10% SUBTOTAL 5.98% Insured/Guaranteed Insured 2.52% Guaranteed 1.48% SUBTOTAL 4.00% Total 100.00% State Breakdown Portfolio % Texas 20.48% California 11.72% New York 9.33% Illinois 7.58% Florida 6.39% Michigan 4.26% Washington 4.13% Alabama 3.42% Wisconsin 3.11% Colorado 2.71% Louisiana 2.58% Indiana 1.90% Nevada 1.75% Pennsylvania 1.70% Oregon 1.52% Alaska 1.48% Tennessee 1.46% Puerto Rico 1.40% Hawaii 1.39% South Carolina 1.35% Virginia 1.22% Massachusetts 1.10% Arizona 1.02% Ohio 0.93% Rhode Island 0.84% New Jersey 0.80% New Hampshire 0.73% North Carolina 0.61% Mississippi 0.57% District of Columbia 0.51% Missouri 0.48% North Dakota 0.38% Georgia 0.36% Utah 0.21% Arkansas 0.18% Kansas 0.18% Minnesota 0.17% Iowa 0.05% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 21.10% AA 27.09% A 23.29% BBB 13.50% B 0.41% Not Rated 4.05% Pre-refunded Bonds 10.56% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 18.72% Average Coupon: 5.67 Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 1.13% Preferred Stock: 36.69% Tender Option Bonds: 6.48% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 44.30%* Average Maturity: 4.77 Years Effective Duration: 4.73 Years Total Net Assets: $660.14 Million** Common Stock Net Asset Value: $14.56 Number of Holdings: 204
* The total percentage of leverage constitutes 6.48% through the use of tender option bonds, 36.69% in issued and outstanding preferred
stock and 1.13% 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.