ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. 
By NEW YORK, Jan. 29, 2013 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 31, 2012.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Texas Trnsp Comm Series 07 5.00%, 4/01/23 3.32%
2) Metropolitan Trnsp Auth NY (Metro Trnsp Auth Ny Ded Tax) Series 2012A 5.00%, 11/15/28 2.83%
3) Wayne State Univ MI Series 2009 5.00%, 11/15/29 2.57%
4) Washington Fed Hwy Grant Series 2012F 5.00%, 9/01/24 2.54%
5) Metro Atlanta Rapid Tran Auth GA 5.00%, 7/01/27 2.17%
6) Harris City TX Toll Road (Harris Cnty Tx Toll Road) Series 2012 5.00%, 8/15/30 2.00%
7) Univ of Illinois AGM Series 07A 5.25%, 10/01/26 1.75%
8) Triborough Brdg & Tunl Auth NY 5.00%, 1/01/26 1.68%
9) New York NY Trnsl Fin Auth Series 2011B 5.00%, 2/01/26 1.65%
10) San Francisco City/Cnty CA Pub Util Wtr 5.00%, 11/01/27 1.35%
Sector/Industry Breakdown
Portfolio %
Revenue
Water & Sewer 9.99%
Revenue - Miscellaneous 8.06%
Toll Roads/Transit 7.10%
Higher Education - Public 3.88%
Airport 3.38%
Health Care - Not-for-Profit 3.31%
Electric Utility 3.26%
Industrial Development - Utility 1.71%
Higher Education - Private 1.56%
Primary/Secondary Ed. - Private 0.83%
Senior Living 0.83%
Prepay Energy 0.68%
Primary/Secondary Ed. - Public 0.47%
SUBTOTAL 45.06%
Tax Supported
Special Tax 18.84%
Local G.O. 11.50%
State G.O. 5.16%
Tax-Supported Local Lease 3.34%
Assessment District 2.63%
State Lease 1.75%
Tax-Supported State Lease 1.48%
SUBTOTAL 44.70%
Prerefunded/ETM 4.01%
Insured/Guaranteed
Insured 2.51%
Guaranteed 1.48%
SUBTOTAL 3.99%
Asset-Backed
Housing - Multi-Family 1.62%
Housing - Single Family 0.62%
SUBTOTAL 2.24%
Total 100.00%
State Breakdown
Portfolio %
Texas 19.03%
New York 16.30%
California 12.77%
Florida 6.73%
Washington 4.83%
Michigan 4.56%
Louisiana 4.19%
Illinois 4.12%
South Carolina 3.53%
Colorado 2.69%
Georgia 2.17%
Ohio 1.73%
New Jersey 1.70%
Oregon 1.53%
Pennsylvania 1.42%
Hawaii 1.41%
Alaska 1.39%
Puerto Rico 1.24%
Alabama 1.16%
Nevada 1.06%
Wisconsin 0.98%
Arizona 0.86%
Rhode Island 0.83%
North Carolina 0.60%
Mississippi 0.55%
Virginia 0.51%
Tennessee 0.37%
Maine 0.34%
Indiana 0.32%
Missouri 0.30%
Massachusetts 0.29%
Kansas 0.20%
Minnesota 0.17%
New Hampshire 0.12%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 20.96%
AA 51.26%
A 11.82%
BBB 8.35%
BB 0.28%
B 0.43%
Not Rated 2.89%
Pre-refunded Bonds 4.01%
Total Investments 100.00%
Bonds By Maturity
Portfolio %
Less than 1 year 1.64%
1 to 5 years 2.43%
5 to 10 years 9.01%
10 to 20 years 79.38%
20 to 30 years 7.54%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 15.63%
Average Coupon: 5.55%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 1.60%
Preferred Stock: 35.73%
Tender Option Bonds: 6.31%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 43.64%*
Average Effective Maturity: 6.13 Years
Effective Duration: 5.46 Years
Total Net Assets: $677.96 Million**
Common Stock Net Asset Value: $15.16
Number of Holdings: 191
Portfolio Turnover: 28%
* The total percentage of leverage constitutes 6.31% through the use of tender option bonds, 35.73% in issued and outstanding preferred stock and 1.60% 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.
