AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
Date
12/28/2020 4:29:26 PM
(MENAFN- PR Newswire) NEW YORK, Dec. 28, 2020 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB ] (the "Fund") today released its monthly portfolio update as of November 30,2020.
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 | | 2.46% |
| 2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 | | 2.18% |
| 3) Central Plains Energy Project Goldman Sachs Group, Inc. (The) Series 2017A 5.00%, 9/01/42 | | 2.11% |
| 4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 (Prerefunded/ETM) | | 1.96% |
| 5) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 | | 1.73% |
| 6) Wisconsin Public Finance Authority(CHF - Wilmington LLC) AGM 5.00%, 7/01/58 | | 1.68% |
| 7) Los Angeles Department of Water & Power Power System Revenue Series 2013B 5.00%, 7/01/30 | | 1.61% |
| 8) Detroit Downtown Development Authority AGM Series 2018A 5.00%, 7/01/48 | | 1.60% |
| 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 | | 1.48% |
| | | |
| Sector/Industry Breakdown | | Portfolio % |
| Revenue | | |
| Health Care - Not-for-Profit | | 20.85% |
| Airport | | 8.07% |
| Toll Roads/Transit | | 6.94% |
| Electric Utility | | 4.83% |
| Revenue - Miscellaneous | | 4.74% |
| Water & Sewer | | 2.95% |
| Prepay Energy | | 2.77% |
| Tobacco Securitization | | 1.54% |
| Higher Education - Public | | 1.05% |
| Primary/Secondary Ed. - Public | | 0.93% |
| Higher Education - Private | | 0.74% |
| Port | | 0.70% |
| Industrial Development - Utility | | 0.47% |
| Senior Living | | 0.25% |
| Industrial Development - Industry | | 0.19% |
| SUBTOTAL | | 57.02% |
| Tax Supported | | |
| Special Tax | | 18.54% |
| State G.O. | | 7.53% |
| Local G.O. | | 3.25% |
| Tax-Supported State Lease | | 2.38% |
| Assessment District | | 2.09% |
| Tax-Supported Local Lease | | 0.56% |
| SUBTOTAL | | 34.35% |
| Prerefunded/ETM | | 7.19% |
| Insured/Guaranteed | | |
| Guaranteed | | 0.77% |
| SUBTOTAL | | 0.77% |
| Cash Equivalents | | |
| Investment Companies | | 0.36% |
| SUBTOTAL | | 0.36% |
| Asset-Backed | | |
| Housing - Multi-Family | | 0.31% |
| SUBTOTAL | | 0.31% |
| Total | | 100.00% |
| | | |
| State Breakdown | | Portfolio % |
| New York | | 12.40% |
| California | | 10.51% |
| Illinois | | 9.84% |
| New Jersey | | 7.71% |
| Pennsylvania | | 7.28% |
| Connecticut | | 5.48% |
| Florida | | 5.44% |
| Texas | | 4.60% |
| Michigan | | 3.85% |
| South Carolina | | 3.13% |
| Wisconsin | | 2.49% |
| Alabama | | 2.43% |
| Massachusetts | | 2.34% |
| Nebraska | | 2.11% |
| Minnesota | | 1.86% |
| Colorado | | 1.83% |
| Oklahoma | | 1.78% |
| North Carolina | | 1.61% |
| Tennessee | | 1.37% |
| Arizona | | 1.32% |
| Utah | | 1.20% |
| Georgia | | 1.09% |
| Maryland | | 1.09% |
| Ohio | | 1.04% |
| District of Columbia | | 0.98% |
| Kansas | | 0.86% |
| Guam | | 0.85% |
| Kentucky | | 0.82% |
| West Virginia | | 0.67% |
| Puerto Rico | | 0.51% |
| Hawaii | | 0.41% |
| Arkansas | | 0.32% |
| Indiana | | 0.19% |
| Iowa | | 0.19% |
| Louisiana | | 0.17% |
| New Hampshire | | 0.13% |
| Oregon | | 0.10% |
| Total Investments | | 100.00% |
| | | |
| Credit Quality Breakdown | | Portfolio % |
| AAA | | 5.53% |
| AA | | 28.93% |
| A | | 37.98% |
| BBB | | 17.30% |
| BB | | 1.68% |
| D | | 0.27% |
| Not Rated | | 0.76% |
| Pre-refunded Bonds | | 7.19% |
| Short-Term Investments | | 0.36% |
| Total Investments | | 100.00% |
| | | |
| Bonds By Maturity | | Portfolio % |
| Less than 1 year | | 0.36% |
| 1 to 5 years | | 1.19% |
| 5 to 10 years | | 22.53% |
| 10 to 20 years | | 35.56% |
| 20 to 30 years | | 35.79% |
| More Than 30 years | | 4.57% |
| Other | | 0.00% |
| Total Investments | | 100.00% |
| | | |
| Portfolio Statistics: | | |
| AMT Percent: | | 10.10% |
| Average Coupon: | | 5.07% |
| Percentage of Leverage: | | |
| Bank Borrowing: | | 0.00% |
| Investment Operations: | | 0.79% |
| Auction Preferred Shares (APS): | | 0.00% |
| Tender Option Bonds: | | 3.98% |
| Variable Rate MuniFund Term Preferred Shares (VMTPs): | | 35.21% |
| Total Fund Leverage: | | 39.98%* |
| Average Effective Maturity: | | 5.15 Years |
| Effective Duration: | | N/A |
| Total Net Assets: | | $438.13 Million** |
| Common Stock Net Asset Value: | | $15.24 |
| Number of Holdings: | | 174 |
| Portfolio Turnover: | | 14% |
| | | |
| * The total percentage of leverage constitutes 3.98% through the use of tender option bonds, 35.21% in issued and outstanding VMTPs and 0.790%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.-registeredmanagement investment company advised by AllianceBernstein L. P. |
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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