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.