AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Feb. 22, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of January 31, 2022.

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	2.40%
2) State of Connecticut Special Tax Revenue    Series 2012-A  5.00%, 1/01/29	2.07%
3) Central Plains Energy Project (Goldman Sachs Group, Inc. (The))  Series 2017-A  5.00%, 9/01/42	1.94%
4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46	1.70%
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC) AGM  Series 2018  5.00%, 7/01/58	1.65%
6) Detroit Downtown Development Authority AGM  Series 2018-A  5.00%, 7/01/48	1.55%
7) Los Angeles Department of Water & Power Power System Revenue    Series 2013-B  5.00%, 7/01/30	1.52%
8) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.)  Series 2014  5.00%, 11/15/39	1.46%
9) Tobacco Settlement Financing Corp./NJ    Series 2018-A  5.00%, 6/01/46	1.45%
10) California Statewide Communities Development Authority(CHF-Irvine LLC) BAM  Series 2021  3.00%, 5/15/54	1.44%
Sector/Industry Breakdown	Portfolio %
Revenue
Health Care - Not-for-Profit	21.51%
Airport	7.53%
Toll Roads/Transit	7.53%
Revenue - Miscellaneous	5.84%
Electric Utility	5.13%
Prepay Energy	2.72%
Tobacco Securitization	2.38%
Higher Education - Private	2.13%
Water & Sewer	2.08%
Higher Education - Public	0.99%
Primary/Secondary Ed. - Public	0.97%
Port	0.67%
Industrial Development - Utility	0.45%
Senior Living	0.25%
Industrial Development - Industry	0.19%
SUBTOTAL	60.37%
Tax Supported
Special Tax	15.42%
State G.O.	7.49%
Local G.O.	2.70%
Assessment District	2.02%
Tax-Supported State Lease	1.11%
SUBTOTAL	28.74%
Prerefunded/ETM	9.38%
Cash Equivalents
Investment Companies	0.90%
SUBTOTAL	0.90%
Asset-Backed
Housing - Multi-Family	0.46%
SUBTOTAL	0.46%
Commercial Mortgage-Backed Securities	0.15%
Total	100.00%
State Breakdown	Portfolio %
California	11.87%
New York	11.03%
Illinois	10.96%
New Jersey	8.06%
Pennsylvania	7.49%
Florida	4.68%
Connecticut	4.51%
Texas	3.90%
Michigan	3.62%
Wisconsin	3.31%
South Carolina	3.01%
Alabama	2.37%
Ohio	1.96%
North Carolina	1.95%
Nebraska	1.94%
Colorado	1.76%
Georgia	1.76%
Oklahoma	1.75%
Minnesota	1.47%
Tennessee	1.36%
Arizona	1.26%
Utah	1.17%
Maryland	1.06%
Virginia	1.06%
District of Columbia	0.92%
Kansas	0.84%
Kentucky	0.79%
West Virginia	0.65%
Massachusetts	0.52%
Puerto Rico	0.52%
Hawaii	0.40%
Arkansas	0.32%
Indiana	0.19%
Iowa	0.19%
Louisiana	0.17%
Washington	0.15%
New Hampshire	0.13%
Other	0.90%
Total Investments	100.00%
Credit Quality Breakdown	Portfolio %
AAA	4.40%
AA	30.28%
A	32.05%
BBB	19.89%
BB	2.15%
D	0.19%
Not Rated	0.76%
Pre-refunded Bonds	9.38%
Short-Term Investments	0.90%
Total Investments	100.00%
Bonds By Maturity	Portfolio %
Less than 1 year	1.12%
1 to 5 years	1.32%
5 to 10 years	22.16%
10 to 20 years	31.95%
20 to 30 years	36.41%
More Than 30 years	7.04%
Other	0.00%
Total Investments	100.00%
Portfolio Statistics:
AMT Percent:	10.08%
Average Coupon:	4.90%
Percentage of Leverage:
Bank Borrowing:	0.00%
Investment Operations:	2.80%
Auction Preferred Shares (APS):	0.00%
Tender Option Bonds:	4.04%
Variable Rate MuniFund Term Preferred Shares (VMTPs):	35.72%
Total Fund Leverage:	42.56%*
Average Effective Maturity:	5.06 Years
Effective Duration:	4.59 Years
Total Net Assets:	$422.74 Million**
Common Stock Net Asset Value:	$14.71
Number of Holdings:	188
Portfolio Turnover:	5%
* The total percentage of leverage constitutes 4.04% through the use of tender option bonds, 35.72% in issued and outstanding VMTPs and 2.80% 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 Closed End Funds