AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 2009.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1)Texas Transp Commission Series 07 5.00%, 3.38%
4/01/23
2)Chicago IL O'hare Intl Arpt (O'hare Intl 2.14%
Arpt) MBIA Series A 5.375%, 1/01/32
3)Wisconsin Hlth & Ed Fac Auth (Ministry 2.01%
Health Care, Inc.) MBIA Series 02A 5.25%,
4)Clark Cnty NV Arpt FGIC Series 01B 5.25%, 1.88%
7/01/34 (Prerefunded/ETM)
5)Univ of Illinois FSA Series 07A 5.25%, 1.69%
10/01/26
6)Indianapolis IN Loc Bond Bank MBIA Series 2A 1.63%
5.25%, 7/01/33 (Prerefunded/ETM)
7)Bexar Cnty TX HFC MFHR (Doral Club & Sutton 1.62%
House Apts) MBIA Series 01A 5.55%, 10/01/36
8)Twenty Fifth Ave Pptys WA (Univ of WA Dorm 1.44%
25th Ave) MBIA Series 02 5.25%, 6/01/33
9)Chicago IL GO FGIC Series 00C 5.50%, 1/01/40 1.40%
(Prerefunded/ETM)
10)Los Angeles CA Regl Arpts (Laxfuel 1.40%
Corporation) AMBAC Series 01 5.50%, 1/01/32
Sector/Industry Breakdown
Portfolio %
Prerefunded/ETM 15.48%
Health Care - Not-for-Profit 11.37%
Airport/Ports 6.49%
Insured 6.19%
Local G.O. 6.10%
State G.O. 4.45%
Higher Education 4.23%
Revenue - Miscellaneous 3.85%
Special Tax 3.71%
Assessment District 3.63%
Transportation 3.38%
Housing - Multi-Family 3.07%
Tax-Supported Local Lease 2.49%
Housing - Single Family 2.41%
Guaranteed 2.34%
Industrial Development - Industry 2.27%
Industrial Development - Utility 2.27%
Higher Education - Public 2.12%
Tax-Supported State Lease 2.12%
Water & Sewer 1.87%
Money Market 1.84%
Prepay Energy 1.65%
Higher Education - Private 1.46%
Industrial Development - Airline 1.40%
Health Care - Municipal 1.28%
Student Loan 1.13%
Electric Utility 0.95%
Primary/Secondary Ed. - Public 0.45%
Total 100.00%
State Breakdown
Portfolio %
Texas 18.95%
Illinois 11.11%
Florida 8.96%
California 8.68%
Nevada 3.96%
Wisconsin 3.74%
Alabama 3.34%
Washington 3.17%
New York 2.99%
Michigan 2.89%
Colorado 2.76%
Indiana 2.63%
Louisiana 2.55%
Tennessee 2.49%
Massachusetts 2.47%
Ohio 2.05%
Pennsylvania 1.75%
South Carolina 1.59%
Alaska 1.54%
Puerto Rico 1.40%
Virginia 1.24%
Arizona 1.03%
Georgia 0.92%
New Jersey 0.90%
Rhode Island 0.83%
New Hampshire 0.81%
Mississippi 0.73%
Hawaii 0.65%
Oregon 0.65%
North Carolina 0.63%
District of Columbia 0.52%
Missouri 0.51%
North Dakota 0.43%
Arkansas 0.36%
Minnesota 0.31%
Utah 0.22%
Kansas 0.16%
Iowa 0.08%
Total 100.00%
Credit Quality Breakdown
Portfolio %
AAA 37.44%
AA 18.82%
A 24.72%
BBB 14.70%
BB 3.60%
B 0.32%
CCC 0.28%
A-1+ 0.12%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 16.10%
Average Coupon: 5.19%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 5.02%
Preferred Stock: 25.90%
Total Fund Leverage: 30.92%*
Avg. Maturity: 15.20 Years
Effective Duration: 6.20 Years
Total Net Assets: $646.0 Million
Net Asset Value: $14.08
Number of Holdings: 220
* The total percentage of leverage constitutes 25.90% in issued and outstanding preferred stock and 5.02% in investment operations, which may include the use of certain portfolio management techniques such as tender option bonds, credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
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.