AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Oct. 25, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of September 30, 2021.
AllianceBernstein National Municipal Income Fund, Inc. |
|
Top 10 Fixed-Income Holdings |
Portfolio % |
1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Dedicated Tax Fund) Series 2016-A 5.25%, 11/15/35 |
2.48% |
2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 1/01/29 |
2.11% |
3) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017-A 5.00%, 9/01/42 |
2.07% |
4) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 |
1.74% |
5) Wisconsin Public Finance Authority AGM Series 2018 5.00%, 7/01/58 |
1.70% |
6) Detroit Downtown Development Authority AGM Series 2018A 5.00%, 7/01/48 |
1.59% |
7) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 7/01/30 |
1.56% |
8) Tobacco Settlement Financing Corp./NJ Series 2018A 5.00%, 6/01/46 |
1.53% |
9) Metropolitan Pier & Exposition Authority Series 2020 5.00%, 6/15/50 |
1.51% |
10) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.47% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Health Care - Not-for-Profit |
22.05% |
Airport |
8.06% |
Toll Roads/Transit |
6.34% |
Electric Utility |
5.24% |
Revenue - Miscellaneous |
4.71% |
Prepay Energy |
2.72% |
Water & Sewer |
2.13% |
Tobacco Securitization |
1.53% |
Primary/Secondary Ed. - Public |
1.08% |
Higher Education - Public |
1.01% |
Higher Education - Private |
0.93% |
Port |
0.69% |
Industrial Development - Utility |
0.46% |
Senior Living |
0.26% |
Industrial Development - Industry |
0.19% |
SUBTOTAL |
57.40% |
Tax Supported |
|
Special Tax |
17.36% |
State G.O. |
7.72% |
Local G.O. |
2.48% |
Tax-Supported State Lease |
2.45% |
Assessment District |
2.08% |
Tax-Supported Local Lease |
0.55% |
SUBTOTAL |
32.64% |
Prerefunded/ETM |
9.27% |
Asset-Backed |
|
Housing - Multi-Family |
0.66% |
SUBTOTAL |
0.66% |
Cash Equivalents |
|
Investment Companies |
0.03% |
SUBTOTAL |
0.03% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
11.50% |
California |
10.69% |
Illinois |
10.32% |
New Jersey |
8.35% |
Pennsylvania |
7.70% |
Connecticut |
5.34% |
Florida |
5.00% |
Texas |
4.74% |
Michigan |
3.80% |
South Carolina |
3.09% |
Wisconsin |
2.90% |
Alabama |
2.44% |
Nebraska |
2.07% |
Colorado |
1.82% |
Oklahoma |
1.81% |
Georgia |
1.62% |
North Carolina |
1.60% |
Minnesota |
1.51% |
Massachusetts |
1.40% |
Tennessee |
1.39% |
Arizona |
1.29% |
Utah |
1.20% |
Maryland |
1.08% |
Ohio |
1.06% |
District of Columbia |
0.95% |
Kansas |
0.86% |
Guam |
0.83% |
Kentucky |
0.81% |
West Virginia |
0.67% |
Puerto Rico |
0.53% |
Hawaii |
0.41% |
Arkansas |
0.33% |
Indiana |
0.19% |
Iowa |
0.19% |
Louisiana |
0.18% |
Washington |
0.17% |
New Hampshire |
0.13% |
Other |
0.03% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
4.54% |
AA |
30.20% |
A |
33.37% |
BBB |
19.28% |
BB |
2.24% |
D |
0.28% |
Not Rated |
0.79% |
Pre-refunded Bonds |
9.27% |
Short-Term Investments |
0.03% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.03% |
1 to 5 years |
1.67% |
5 to 10 years |
22.88% |
10 to 20 years |
34.17% |
20 to 30 years |
36.18% |
More Than 30 years |
5.07% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percent: |
9.87% |
Average Coupon: |
5.04% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.34% |
Auction Preferred Shares (APS): |
0.00% |
Tender Option Bonds: |
3.95% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
34.97% |
Total Fund Leverage: |
39.26%* |
Average Effective Maturity: |
4.54 Years |
Effective Duration: |
4.15 Years |
Total Net Assets: |
$441.27 Million** |
Common Stock Net Asset Value: |
$15.35 |
Number of Holdings: |
184 |
Portfolio Turnover: |
6% |
* The total percentage of leverage constitutes 3.95% through the use of tender option bonds, 34.97% in issued and outstanding VMTPs and 0.340% 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. |
|
** The Fund also had outstanding $232,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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.
Related Links
http://www.alliancebernstein.com
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