AllianceBernstein National Municipal Income Fund RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, March 26, 2018 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of February 28, 2018.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) Metropolitan Transportation Authority (Metropolitan Transportation |
2.51% |
||
2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.26% |
||
3) Massachusetts School Building Authority (Massachusetts School Building |
2.16% |
||
4) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.72% |
||
5) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 |
1.67% |
||
6) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) |
1.47% |
||
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.47% |
||
8) City of Orlando FL Series 2014A 5.00%, 11/01/44 (Prerefunded/ETM) |
1.35% |
||
9) Chicago O'Hare International Airport Series 2016B 5.00%, 1/01/41 |
1.34% |
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10) Port Authority of New York & New Jersey Series 2014-186 5.00%, 10/15/44 |
1.33% |
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Sector/Industry Breakdown |
Portfolio % |
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Revenue |
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Airport |
9.94% |
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Health Care - Not-for-Profit |
9.68% |
||
Toll Roads/Transit |
9.51% |
||
Electric Utility |
4.27% |
||
Higher Education - Public |
4.00% |
||
Revenue - Miscellaneous |
3.86% |
||
Water & Sewer |
3.67% |
||
Port |
1.49% |
||
Higher Education - Private |
1.30% |
||
Prepay Energy |
0.71% |
||
Primary/Secondary Ed. - Public |
0.55% |
||
Senior Living |
0.31% |
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SUBTOTAL |
49.29% |
||
Tax Supported |
|||
Special Tax |
18.52% |
||
State G.O. |
8.04% |
||
Local G.O. |
6.80% |
||
Tax-Supported State Lease |
3.07% |
||
Tax-Supported Local Lease |
1.16% |
||
SUBTOTAL |
37.59% |
||
Prerefunded/ETM |
11.54% |
||
Insured/Guaranteed |
|||
Guaranteed |
0.80% |
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SUBTOTAL |
0.80% |
||
Cash Equivalents |
|||
Investment Companies |
0.78% |
||
SUBTOTAL |
0.78% |
||
Total |
100.00% |
||
State Breakdown |
Portfolio % |
||
New York |
15.87% |
||
California |
13.83% |
||
Texas |
8.74% |
||
Illinois |
8.06% |
||
Pennsylvania |
7.55% |
||
Connecticut |
6.97% |
||
Florida |
6.01% |
||
New Jersey |
5.58% |
||
Michigan |
5.43% |
||
Massachusetts |
2.57% |
||
Alabama |
2.34% |
||
Hawaii |
1.77% |
||
Washington |
1.59% |
||
Kentucky |
1.42% |
||
North Carolina |
1.27% |
||
Tennessee |
1.20% |
||
Colorado |
1.14% |
||
Maryland |
1.07% |
||
South Carolina |
1.05% |
||
District of Columbia |
1.02% |
||
Oregon |
0.83% |
||
Georgia |
0.80% |
||
Utah |
0.75% |
||
Arizona |
0.71% |
||
Minnesota |
0.46% |
||
Arkansas |
0.33% |
||
Ohio |
0.30% |
||
Oklahoma |
0.27% |
||
Indiana |
0.20% |
||
Wisconsin |
0.09% |
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Other |
0.78% |
||
Total Investments |
100.00% |
||
Credit Quality Breakdown |
Portfolio % |
||
AAA |
7.82% |
||
AA |
39.97% |
||
A |
26.62% |
||
BBB |
11.83% |
||
BB |
0.36% |
||
B |
0.27% |
||
Not Rated |
0.81% |
||
Pre-refunded Bonds |
11.54% |
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Short-Term Investments |
0.78% |
||
Total Investments |
100.00% |
||
Bonds By Maturity |
Portfolio % |
||
Less than 1 year |
0.78% |
||
1 to 5 years |
1.08% |
||
5 to 10 years |
8.68% |
||
10 to 20 years |
65.89% |
||
20 to 30 years |
23.23% |
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More Than 30 years |
0.34% |
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Other |
0.00% |
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Total Investments |
100.00% |
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Portfolio Statistics: |
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AMT Percent: |
9.79% |
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Average Coupon: |
5.24% |
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Percentage of Leverage: |
|||
Bank Borrowing: |
0.00% |
||
Investment Operations: |
0.00% |
||
Auction Preferred Shares (APS): |
14.40% |
||
Tender Option Bonds: |
4.10% |
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Variable Rate MuniFund Term Preferred Shares (VMTPs): |
22.06% |
||
Total Fund Leverage: |
40.56%* |
||
Average Effective Maturity: |
5.92 Years |
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Effective Duration: |
5.20 Years |
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Total Net Assets: |
$505.31 Million** |
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Common Stock Net Asset Value: |
$14.36 |
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Number of Holdings: |
170 |
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Portfolio Turnover: |
11% |
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* The total percentage of leverage constitutes 4.10% through the use of tender option bonds, 14.40% in issued and outstanding APS,22.06% in issued and outstanding VMTPs and 0.00% 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. |
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** Includes $92,125,000 of APS at liquidation value.The Fund also had outstanding $141,100,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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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.
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