ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Oct. 25, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of September 30, 2021.
AllianceBernstein National Municipal Income Fund, Inc. | |
Top 10 Fixed-Income Holdings | Portfolio % |
1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Dedicated Tax Fund) Series 2016-A 5.25%, 11/15/35 | 2.48% |
2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 1/01/29 | 2.11% |
3) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017-A 5.00%, 9/01/42 | 2.07% |
4) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 | 1.74% |
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 | 1.59% |
7) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 7/01/30 | 1.56% |
8) Tobacco Settlement Financing Corp./NJ Series 2018A 5.00%, 6/01/46 | 1.53% |
9) Metropolitan Pier & Exposition Authority Series 2020 5.00%, 6/15/50 | 1.51% |
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 | 22.05% |
Airport | 8.06% |
Toll Roads/Transit | 6.34% |
Electric Utility | 5.24% |
Revenue - Miscellaneous | 4.71% |
Prepay Energy | 2.72% |
Water & Sewer | 2.13% |
Tobacco Securitization | 1.53% |
Primary/Secondary Ed. - Public | 1.08% |
Higher Education - Public | 1.01% |
Higher Education - Private | 0.93% |
Port | 0.69% |
Industrial Development - Utility | 0.46% |
Senior Living | 0.26% |
Industrial Development - Industry | 0.19% |
SUBTOTAL | 57.40% |
Tax Supported | |
Special Tax | 17.36% |
State G.O. | 7.72% |
Local G.O. | 2.48% |
Tax-Supported State Lease | 2.45% |
Assessment District | 2.08% |
Tax-Supported Local Lease | 0.55% |
SUBTOTAL | 32.64% |
Prerefunded/ETM | 9.27% |
Asset-Backed | |
Housing - Multi-Family | 0.66% |
SUBTOTAL | 0.66% |
Cash Equivalents | |
Investment Companies | 0.03% |
SUBTOTAL | 0.03% |
Total | 100.00% |
State Breakdown | Portfolio % |
New York | 11.50% |
California | 10.69% |
Illinois | 10.32% |
New Jersey | 8.35% |
Pennsylvania | 7.70% |
Connecticut | 5.34% |
Florida | 5.00% |
Texas | 4.74% |
Michigan | 3.80% |
South Carolina | 3.09% |
Wisconsin | 2.90% |
Alabama | 2.44% |
Nebraska | 2.07% |
Colorado | 1.82% |
Oklahoma | 1.81% |
Georgia | 1.62% |
North Carolina | 1.60% |
Minnesota | 1.51% |
Massachusetts | 1.40% |
Tennessee | 1.39% |
Arizona | 1.29% |
Utah | 1.20% |
Maryland | 1.08% |
Ohio | 1.06% |
District of Columbia | 0.95% |
Kansas | 0.86% |
Guam | 0.83% |
Kentucky | 0.81% |
West Virginia | 0.67% |
Puerto Rico | 0.53% |
Hawaii | 0.41% |
Arkansas | 0.33% |
Indiana | 0.19% |
Iowa | 0.19% |
Louisiana | 0.18% |
Washington | 0.17% |
New Hampshire | 0.13% |
Other | 0.03% |
Total Investments | 100.00% |
Credit Quality Breakdown | Portfolio % |
AAA | 4.54% |
AA | 30.20% |
A | 33.37% |
BBB | 19.28% |
BB | 2.24% |
D | 0.28% |
Not Rated | 0.79% |
Pre-refunded Bonds | 9.27% |
Short-Term Investments | 0.03% |
Total Investments | 100.00% |
Bonds By Maturity | Portfolio % |
Less than 1 year | 0.03% |
1 to 5 years | 1.67% |
5 to 10 years | 22.88% |
10 to 20 years | 34.17% |
20 to 30 years | 36.18% |
More Than 30 years | 5.07% |
Other | 0.00% |
Total Investments | 100.00% |
Portfolio Statistics: | |
AMT Percent: | 9.87% |
Average Coupon: | 5.04% |
Percentage of Leverage: | |
Bank Borrowing: | 0.00% |
Investment Operations: | 0.34% |
Auction Preferred Shares (APS): | 0.00% |
Tender Option Bonds: | 3.95% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): | 34.97% |
Total Fund Leverage: | 39.26%* |
Average Effective Maturity: | 4.54 Years |
Effective Duration: | 4.15 Years |
Total Net Assets: | $441.27 Million** |
Common Stock Net Asset Value: | $15.35 |
Number of Holdings: | 184 |
Portfolio Turnover: | 6% |
* The total percentage of leverage constitutes 3.95% through the use of tender option bonds, 34.97% in issued and outstanding VMTPs and 0.340% 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.
