NEW YORK, May 24, 2019 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of April 30, 2019.

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 2.55%

2.55%

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

2.25%

3) Massachusetts School Building Authority  (Massachusetts School Building Authority Sales Tax)  Series 2011B  5.00%, 10/15/32

2.07%

4) Central Plains Energy Project  (Goldman Sachs Group, Inc. (The))  Series 2017A  5.00%, 9/01/42

1.86%

5) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46

1.70%

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

1.68%

7) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM    5.00%, 7/01/58

1.64%

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

1.60%

9) Miami Beach Health Facilities Authority  (Mount Sinai Medical Center of Florida, Inc.)  Series 2014  5.00%, 11/15/39

1.51%

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

1.46%







Top 10 Fixed-Income Holdings


Portfolio %

1) Metropolitan Transportation Authority  (Metropolitan Transportation Authority Ded Tax)  Series 2016A  5.25%, 11/15/35

2.55%

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

2.25%

3) Massachusetts School Building Authority  (Massachusetts School Building Authority Sales Tax)  Series 2011B  5.00%, 10/15/32

2.07%

4) Central Plains Energy Project  (Goldman Sachs Group, Inc. (The))  Series 2017A  5.00%, 9/01/42

1.86%

5) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46

1.70%

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

1.68%

7) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM    5.00%, 7/01/58

1.64%

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

1.60%

9) Miami Beach Health Facilities Authority  (Mount Sinai Medical Center of Florida, Inc.)  Series 2014  5.00%, 11/15/39

1.51%

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

1.46%








Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


17.38%

Airport


9.74%

Toll Roads/Transit


7.42%

Electric Utility


4.70%

Revenue - Miscellaneous


4.58%

Water & Sewer


3.07%

Prepay Energy


2.55%

Higher Education - Public


1.78%

Port


1.51%

Tobacco Securitization


1.46%

Industrial Development - Utility


1.06%

Higher Education - Private


0.59%

Primary/Secondary Ed. - Public


0.27%

Senior Living


0.26%

Industrial Development - Industry


0.19%

SUBTOTAL


56.56%

Tax Supported



Special Tax


17.90%

State G.O.


6.64%

Local G.O.


3.37%

Tax-Supported State Lease


3.02%

Assessment District


2.09%

Tax-Supported Local Lease


0.80%

SUBTOTAL


33.82%

Prerefunded/ETM


8.83%

Insured/Guaranteed



Guaranteed


0.79%

SUBTOTAL


0.79%

Total


100.00%







State Breakdown


Portfolio %

California


12.54%

New York


11.89%

Pennsylvania


7.85%

Illinois


7.41%

New Jersey


7.06%

Michigan


6.97%

Texas


6.16%

Connecticut


5.42%

Florida


4.28%

South Carolina


3.05%

Massachusetts


2.47%

Alabama


2.38%

Nebraska


1.86%

Wisconsin


1.64%

North Carolina


1.58%

Minnesota


1.47%

Oklahoma


1.47%

Washington


1.35%

Tennessee


1.21%

Utah


1.19%

Hawaii


1.18%

Colorado


1.12%

Maryland


1.10%

District of Columbia


1.00%

Georgia


0.92%

Ohio


0.90%

Kansas


0.85%

Kentucky


0.83%

Oregon


0.79%

Arizona


0.69%

West Virginia


0.65%

Arkansas


0.33%

Indiana


0.20%

Iowa


0.19%

Total Investments


100.00%







Credit Quality Breakdown


Portfolio %

AAA


8.14%

AA


32.72%

A


35.84%

BBB


12.68%

BB


0.49%

B


0.46%

D


0.00%

Not Rated


0.84%

Pre-refunded Bonds


8.83%

Total Investments


100.00%







Bonds By Maturity


Portfolio %

Less than 1 year


0.00%

1 to 5 years


1.74%

5 to 10 years


14.72%

10 to 20 years


43.77%

20 to 30 years


35.60%

More Than 30 years


4.17%

Other


0.00%

Total Investments


100.00%







Portfolio Statistics:



AMT Percent:


10.27%

Average Coupon:


5.14%

Percentage of Leverage:



Bank Borrowing:


0.00%

Investment Operations:


0.00%

Auction Preferred Shares (APS):


0.43%

Tender Option Bonds:


4.05%

Variable Rate MuniFund Term Preferred Shares (VMTPs):

35.50%

Total Fund Leverage:


39.98%*

Average Effective Maturity:


5.68  Years

Effective Duration:


4.94  Years

Total Net Assets:


$426.86 Million**

Common Stock Net Asset Value:


$14.75

Number of Holdings:


158

Portfolio Turnover:


22%




* The total percentage of leverage constitutes 4.05% through the use of tender option bonds, 0.430% in issued and outstanding APS,35.50%  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.




** Includes $2,750,000 of APS at liquidation value.The Fund also had outstanding $229,375,000 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:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-300856716.html

SOURCE AllianceBernstein National Municipal Income Fund