ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, April 26, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of March 31,2021.
AllianceBernstein National Municipal Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%, 11/15/35 | 2.50% | |
2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 | 2.17% | |
3) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017A 5.00%, 9/01/42 | 2.03% | |
4) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 | 1.73% | |
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC) AGM 5.00%, 7/01/58 | 1.68% | |
6) Detroit Downtown Development Authority AGM Series 2018A 5.00%, 7/01/48 | 1.63% | |
7) Los Angeles Department of Water & Power Power System Revenue Series 2013B 5.00%, 7/01/30 | 1.60% | |
8) Tobacco Settlement Financing Corp./NJ Series 2018A 5.00%, 6/01/46 | 1.53% | |
9) Metropolitan Pier & Exposition Authority 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 | 21.62% | |
Airport | 8.05% | |
Toll Roads/Transit | 6.43% | |
Electric Utility | 4.79% | |
Revenue - Miscellaneous | 4.78% | |
Prepay Energy | 2.69% | |
Water & Sewer | 2.63% | |
Tobacco Securitization | 1.53% | |
Higher Education - Public | 1.04% | |
Primary/Secondary Ed. - Public | 0.93% | |
Higher Education - Private | 0.76% | |
Port | 0.69% | |
Industrial Development - Utility | 0.47% | |
Senior Living | 0.25% | |
Industrial Development - Industry | 0.19% | |
SUBTOTAL | 56.85% | |
Tax Supported | ||
Special Tax | 18.02% | |
State G.O. | 7.75% | |
Local G.O. | 2.51% | |
Tax-Supported State Lease | 2.43% | |
Assessment District | 2.12% | |
Tax-Supported Local Lease | 0.56% | |
SUBTOTAL | 33.39% | |
Prerefunded/ETM | 8.34% | |
Insured/Guaranteed | ||
Guaranteed | 0.77% | |
SUBTOTAL | 0.77% | |
Asset-Backed | ||
Housing - Multi-Family | 0.33% | |
SUBTOTAL | 0.33% | |
Commercial Mortgage-Backed Securities | 0.17% | |
Cash Equivalents | ||
Investment Companies | 0.15% | |
SUBTOTAL | 0.15% | |
Total | 100.00% | |
State Breakdown | Portfolio % | |
New York | 12.13% | |
California | 10.61% | |
Illinois | 10.25% | |
New Jersey | 8.25% | |
Pennsylvania | 7.69% | |
Connecticut | 5.46% | |
Florida | 5.43% | |
Texas | 4.43% | |
Michigan | 3.87% | |
South Carolina | 3.12% | |
Wisconsin | 2.87% | |
Alabama | 2.41% | |
Nebraska | 2.03% | |
Colorado | 1.85% | |
Oklahoma | 1.76% | |
North Carolina | 1.60% | |
Minnesota | 1.51% | |
Tennessee | 1.36% | |
Arizona | 1.31% | |
Massachusetts | 1.28% | |
Utah | 1.19% | |
Maryland | 1.10% | |
Georgia | 1.08% | |
Ohio | 1.05% | |
District of Columbia | 0.97% | |
Guam | 0.86% | |
Kansas | 0.86% | |
Kentucky | 0.82% | |
West Virginia | 0.66% | |
Puerto Rico | 0.51% | |
Hawaii | 0.41% | |
Arkansas | 0.32% | |
Indiana | 0.20% | |
Iowa | 0.19% | |
Louisiana | 0.18% | |
New Hampshire | 0.13% | |
Oregon | 0.10% | |
Other | 0.15% | |
Total Investments | 100.00% | |
Credit Quality Breakdown | Portfolio % | |
AAA | 5.51% | |
AA | 31.52% | |
A | 33.09% | |
BBB | 18.26% | |
BB | 2.08% | |
D | 0.28% | |
Not Rated | 0.77% | |
Pre-refunded Bonds | 8.34% | |
Short-Term Investments | 0.15% | |
Total Investments | 100.00% | |
Bonds By Maturity | Portfolio % | |
Less than 1 year | 0.15% | |
1 to 5 years | 1.19% | |
5 to 10 years | 23.36% | |
10 to 20 years | 35.75% | |
20 to 30 years | 34.46% | |
More Than 30 years | 5.09% | |
Other | 0.00% | |
Total Investments | 100.00% | |
Portfolio Statistics: | ||
AMT Percent: | 9.81% | |
Average Coupon: | 4.99% | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00% | |
Investment Operations: | 0.00% | |
Auction Preferred Shares (APS): | 0.00% | |
Tender Option Bonds: | 3.96% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 35.07% | |
Total Fund Leverage: | 39.03%* | |
Average Effective Maturity: | 4.87 Years | |
Effective Duration: | 4.41 Years | |
Total Net Assets: | $439.65 Million** | |
Common Stock Net Asset Value: | $15.29 | |
Number of Holdings: | 178 | |
Portfolio Turnover: | 6% | |
* The total percentage of leverage constitutes 3.96% through the use of tender option bonds, 35.07% 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. |
** 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. |
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
