ALLIANCEBERNSTEIN NA

AFB
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AllianceBernstein National Municipal Income Fund : Releases Monthly Portfolio Update

07/26/2021 | 04:07pm

NEW YORK, July 26, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 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) Central Plains Energy Project  (Goldman Sachs Group, Inc. (The))  Series 2017A  5.00%, 9/01/42

2.13%

3) State of Connecticut Special Tax Revenue    Series 2012  5.00%, 1/01/29

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

1.71%

6) Detroit Downtown Development Authority  AGM  Series 2018A  5.00%, 7/01/48

1.59%

7) Metropolitan Pier & Exposition Authority      5.00%, 6/15/50

1.56%

8) Los Angeles Department of Water & Power Power System Revenue    Series 2013B  5.00%, 7/01/30

1.56%

9) Tobacco Settlement Financing Corp./NJ    Series 2018A  5.00%, 6/01/46

1.54%

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


22.08%

Airport


8.07%

Toll Roads/Transit


6.35%

Revenue - Miscellaneous


4.70%

Electric Utility


4.70%

Prepay Energy


2.77%

Water & Sewer


2.14%

Tobacco Securitization


1.54%

Higher Education - Public


1.01%

Higher Education - Private


0.93%

Primary/Secondary Ed. - Public


0.93%

Port


0.68%

Industrial Development - Utility


0.46%

Senior Living


0.26%

Industrial Development - Industry


0.19%

SUBTOTAL


56.81%

Tax Supported



Special Tax


17.86%

State G.O.


7.73%

Local G.O.


2.49%

Tax-Supported State Lease


2.45%

Assessment District


2.08%

Tax-Supported Local Lease


0.55%

SUBTOTAL


33.16%

Prerefunded/ETM


8.90%

Asset-Backed



Housing - Multi-Family


0.66%

SUBTOTAL


0.66%

Cash Equivalents



Investment Companies


0.47%

SUBTOTAL


0.47%

Total


100.00%




State Breakdown


Portfolio %

New York


11.49%

California


10.71%

Illinois


10.40%

New Jersey


8.21%

Pennsylvania


7.71%

Florida


5.39%

Connecticut


5.35%

Texas


4.39%

Michigan


3.80%

South Carolina


3.09%

Wisconsin


2.93%

Alabama


2.44%

Nebraska


2.13%

Colorado


1.83%

Oklahoma


1.80%

North Carolina


1.60%

Minnesota


1.52%

Massachusetts


1.40%

Tennessee


1.39%

Arizona


1.30%

Utah


1.20%

Georgia


1.08%

Maryland


1.08%

Ohio


1.05%

District of Columbia


0.95%

Kansas


0.85%

Guam


0.84%

Kentucky


0.80%

West Virginia


0.67%

Puerto Rico


0.53%

Hawaii


0.41%

Arkansas


0.32%

Indiana


0.19%

Iowa


0.19%

Louisiana


0.18%

Washington


0.17%

New Hampshire


0.14%

Other


0.47%

Total Investments


100.00%




Credit Quality Breakdown


Portfolio %

AAA


4.54%

AA


31.03%

A


33.15%

BBB


18.59%

BB


2.25%

D


0.28%

Not Rated


0.79%

Pre-refunded Bonds


8.90%

Short-Term Investments


0.47%

Total Investments


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


0.47%

1 to 5 years


1.81%

5 to 10 years


23.16%

10 to 20 years


34.19%

20 to 30 years


35.20%

More Than 30 years


5.17%

Other


0.00%

Total Investments


100.00%




Portfolio Statistics:



AMT Percent:


9.84%

Average Coupon:


5.03%

Percentage of Leverage:



Bank Borrowing:


0.00%

Investment Operations:


0.33%

Auction Preferred Shares (APS):


0.00%

Tender Option Bonds:


3.91%

Variable Rate MuniFund Term Preferred Shares (VMTPs):

34.60%

Total Fund Leverage:


38.84%*

Average Effective Maturity:


4.71  Years

Effective Duration:


4.30  Years

Total Net Assets:


$448.98 Million**

Common Stock Net Asset Value:


$15.62

Number of Holdings:


179

Portfolio Turnover:


6%




* The total percentage of leverage constitutes 3.91% through the use of tender option bonds, 34.60%  in issued and outstanding VMTPs and 0.330% 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.

 

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-301341409.html

SOURCE AllianceBernstein National Municipal Income Fund

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