ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, June 21, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of May 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 | 2.48% | |
2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 | 2.12% | |
3) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017A 5.00%, 9/01/42 | 2.11% | |
4) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 | 1.76% | |
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC) AGM 5.00%, 7/01/58 | 1.67% | |
6) Detroit Downtown Development Authority AGM Series 2018A 5.00%, 7/01/48 | 1.60% | |
7) Los Angeles Department of Water & Power Power System Revenue Series 2013B 5.00%, 7/01/30 | 1.57% | |
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 | 1.53% | |
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 | 22.01% | |
Airport | 8.09% | |
Toll Roads/Transit | 6.37% | |
Electric Utility | 4.72% | |
Revenue - Miscellaneous | 4.66% | |
Prepay Energy | 2.76% | |
Water & Sewer | 2.57% | |
Tobacco Securitization | 1.53% | |
Higher Education - Public | 1.02% | |
Higher Education - Private | 0.93% | |
Primary/Secondary Ed. - Public | 0.93% | |
Port | 0.69% | |
Industrial Development - Utility | 0.46% | |
Senior Living | 0.26% | |
Industrial Development - Industry | 0.19% | |
SUBTOTAL | 57.19% | |
Tax Supported | ||
Special Tax | 17.85% | |
State G.O. | 7.72% | |
Local G.O. | 2.49% | |
Tax-Supported State Lease | 2.44% | |
Assessment District | 2.08% | |
Tax-Supported Local Lease | 0.55% | |
SUBTOTAL | 33.13% | |
Prerefunded/ETM | 8.16% | |
Insured/Guaranteed | ||
Guaranteed | 0.77% | |
SUBTOTAL | 0.77% | |
Asset-Backed | ||
Housing - Multi-Family | 0.66% | |
SUBTOTAL | 0.66% | |
Cash Equivalents | ||
Investment Companies | 0.09% | |
SUBTOTAL | 0.09% | |
Total | 100.00% | |
State Breakdown | Portfolio % | |
New York | 11.98% | |
California | 10.73% | |
Illinois | 10.32% | |
New Jersey | 8.20% | |
Pennsylvania | 7.72% | |
Florida | 5.40% | |
Connecticut | 5.37% | |
Texas | 4.38% | |
Michigan | 3.81% | |
South Carolina | 3.10% | |
Wisconsin | 2.88% | |
Alabama | 2.44% | |
Nebraska | 2.11% | |
Colorado | 1.83% | |
Oklahoma | 1.81% | |
North Carolina | 1.60% | |
Minnesota | 1.51% | |
Massachusetts | 1.41% | |
Tennessee | 1.36% | |
Arizona | 1.30% | |
Utah | 1.21% | |
Maryland | 1.09% | |
Georgia | 1.07% | |
Ohio | 1.05% | |
District of Columbia | 0.95% | |
Kansas | 0.85% | |
Guam | 0.84% | |
Kentucky | 0.81% | |
West Virginia | 0.66% | |
Puerto Rico | 0.52% | |
Hawaii | 0.41% | |
Arkansas | 0.32% | |
Indiana | 0.19% | |
Iowa | 0.19% | |
Louisiana | 0.18% | |
Washington | 0.17% | |
New Hampshire | 0.14% | |
Other | 0.09% | |
Total Investments | 100.00% | |
Credit Quality Breakdown | Portfolio % | |
AAA | 5.32% | |
AA | 31.49% | |
A | 33.15% | |
BBB | 18.49% | |
BB | 2.24% | |
D | 0.28% | |
Not Rated | 0.78% | |
Pre-refunded Bonds | 8.16% | |
Short-Term Investments | 0.09% | |
Total Investments | 100.00% | |
Bonds By Maturity | Portfolio % | |
Less than 1 year | 0.09% | |
1 to 5 years | 1.81% | |
5 to 10 years | 23.25% | |
10 to 20 years | 34.60% | |
20 to 30 years | 35.13% | |
More Than 30 years | 5.12% | |
Other | 0.00% | |
Total Investments | 100.00% | |
Portfolio Statistics: | ||
AMT Percent: | 9.83% | |
Average Coupon: | 5.01% | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00% | |
Investment Operations: | 0.50% | |
Auction Preferred Shares (APS): | 0.00% | |
Tender Option Bonds: | 3.92% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 34.68% | |
Total Fund Leverage: | 39.10%* | |
Average Effective Maturity: | 4.83 Years | |
Effective Duration: | N/A | |
Total Net Assets: | $447.71 Million** | |
Common Stock Net Asset Value: | $15.58 | |
Number of Holdings: | 180 | |
Portfolio Turnover: | 6% | |
* The total percentage of leverage constitutes 3.92% through the use of tender option bonds, 34.68% in issued and outstanding VMTPs and 0.500% 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.
