NEW YORK, Aug. 23, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of July 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%, | 2.47% | ||
2) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017A 5.00%, 9/01/42 | 2.15% | ||
3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 | 2.09% | ||
4) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 | 1.75% | ||
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 | 1.58% | ||
7) Metropolitan Pier & Exposition Authority Series 2020 5.00%, 6/15/50 | 1.55% | ||
8) Los Angeles Department of Water & Power Power System Revenue Series 2013B 5.00%, 7/01/30 | 1.54% | ||
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 | 1.46% | ||
Sector/Industry Breakdown | Portfolio % | ||
Revenue | |||
Health Care - Not-for-Profit | 22.06% | ||
Airport | 8.03% | ||
Toll Roads/Transit | 6.31% | ||
Electric Utility | 5.23% | ||
Revenue - Miscellaneous | 4.68% | ||
Prepay Energy | 2.79% | ||
Water & Sewer | 2.12% | ||
Tobacco Securitization | 1.54% | ||
Higher Education - Public | 1.00% | ||
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 | 57.22% | ||
Tax Supported | |||
Special Tax | 17.74% | ||
State G.O. | 7.72% | ||
Local G.O. | 2.48% | ||
Tax-Supported State Lease | 2.44% | ||
Assessment District | 2.06% | ||
Tax-Supported Local Lease | 0.55% | ||
SUBTOTAL | 32.99% | ||
Prerefunded/ETM | 8.82% | ||
Asset-Backed | |||
Housing - Multi-Family | 0.66% | ||
SUBTOTAL | 0.66% | ||
Cash Equivalents | |||
Investment Companies | 0.31% | ||
SUBTOTAL | 0.31% | ||
Total | 100.00% | ||
State Breakdown | Portfolio % | ||
New York | 11.40% | ||
California | 10.62% | ||
Illinois | 10.38% | ||
New Jersey | 8.16% | ||
Pennsylvania | 7.69% | ||
Florida | 5.38% | ||
Connecticut | 5.31% | ||
Texas | 4.36% | ||
Michigan | 3.77% | ||
South Carolina | 3.09% | ||
Wisconsin | 2.93% | ||
Alabama | 2.44% | ||
Nebraska | 2.15% | ||
Colorado | 1.82% | ||
Oklahoma | 1.80% | ||
Georgia | 1.63% | ||
North Carolina | 1.59% | ||
Minnesota | 1.52% | ||
Massachusetts | 1.39% | ||
Tennessee | 1.39% | ||
Arizona | 1.30% | ||
Utah | 1.20% | ||
Maryland | 1.08% | ||
Ohio | 1.05% | ||
District of Columbia | 0.94% | ||
Kansas | 0.87% | ||
Guam | 0.83% | ||
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 | 0.31% | ||
Total Investments | 100.00% | ||
Credit Quality Breakdown | Portfolio % | ||
AAA | 5.73% | ||
AA | 30.84% | ||
A | 33.42% | ||
BBB | 18.80% | ||
BB | 2.24% | ||
D | 0.28% | ||
Not Rated | 0.79% | ||
Pre-refunded Bonds | 7.59% | ||
Short-Term Investments | 0.31% | ||
Total Investments | 100.00% | ||
Bonds By Maturity | Portfolio % | ||
Less than 1 year | 0.31% | ||
1 to 5 years | 1.79% | ||
5 to 10 years | 22.97% | ||
10 to 20 years | 28.11% | ||
20 to 30 years | 35.96% | ||
More Than 30 years | 4.93% | ||
Other | 5.93% | ||
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: | 3.88% | ||
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 34.33% | ||
Total Fund Leverage: | 38.54%* | ||
Average Effective Maturity: | 4.66 Years | ||
Effective Duration: | 4.28 Years | ||
Total Net Assets: | $451.76 Million** | ||
Common Stock Net Asset Value: | $15.72 | ||
Number of Holdings: | 184 | ||
Portfolio Turnover: | 6% | ||
* The total percentage of leverage constitutes 3.88% through the use of tender option bonds, 34.33% 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. |
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.