AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Jan. 25, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 31, 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		2.54%
2) State of Connecticut Special Tax Revenue    Series 2012  5.00%, 1/01/29		2.17%
3) Central Plains Energy Project  Goldman Sachs Group, Inc. (The)  Series 2017A  5.00%, 9/01/42		2.11%
4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46		1.73%
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM    5.00%, 7/01/58		1.68%
6) Massachusetts School Building Authority    Series 2011B  5.00%, 10/15/32 (Prerefunded/ETM)		1.65%
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		1.56%
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		21.07%
Airport		8.08%
Toll Roads/Transit		6.96%
Electric Utility		4.82%
Revenue - Miscellaneous		4.76%
Water & Sewer		2.93%
Prepay Energy		2.78%
Tobacco Securitization		1.56%
Higher Education - Public		1.05%
Primary/Secondary Ed. - Public		0.94%
Higher Education - Private		0.76%
Port		0.70%
Industrial Development - Utility		0.47%
Senior Living		0.25%
Industrial Development - Industry		0.19%
SUBTOTAL		57.32%
Tax Supported
Special Tax		18.68%
State G.O.		7.68%
Local G.O.		2.49%
Tax-Supported State Lease		2.42%
Assessment District		2.08%
Tax-Supported Local Lease		0.56%
SUBTOTAL		33.91%
Prerefunded/ETM		7.65%
Insured/Guaranteed
Guaranteed		0.77%
SUBTOTAL		0.77%
Asset-Backed
Housing - Multi-Family		0.32%
SUBTOTAL		0.32%
Cash Equivalents
Investment Companies		0.03%
SUBTOTAL		0.03%
Total		100.00%
State Breakdown		Portfolio %
New York		12.48%
California		10.49%
Illinois		10.08%
New Jersey		7.79%
Pennsylvania		7.37%
Connecticut		5.48%
Florida		5.46%
Texas		4.60%
Michigan		3.84%
South Carolina		3.15%
Wisconsin		2.52%
Alabama		2.43%
Nebraska		2.11%
Massachusetts		2.03%
Colorado		1.84%
Oklahoma		1.79%
North Carolina		1.62%
Minnesota		1.55%
Tennessee		1.37%
Arizona		1.33%
Utah		1.20%
Georgia		1.10%
Maryland		1.10%
Ohio		1.05%
District of Columbia		0.97%
Kansas		0.87%
Guam		0.85%
Kentucky		0.81%
West Virginia		0.68%
Puerto Rico		0.52%
Hawaii		0.41%
Arkansas		0.32%
Indiana		0.19%
Iowa		0.19%
Louisiana		0.18%
New Hampshire		0.13%
Oregon		0.10%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		5.51%
AA		28.27%
A		38.16%
BBB		17.63%
BB		1.71%
D		0.27%
Not Rated		0.77%
Pre-refunded Bonds		7.65%
Short-Term Investments		0.03%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		0.03%
1 to 5 years		1.19%
5 to 10 years		22.56%
10 to 20 years		35.81%
20 to 30 years		36.00%
More Than 30 years		4.41%
Other		0.00%
Total Investments		100.00%
Portfolio Statistics:
AMT Percent:		10.06%
Average Coupon:		5.05%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.00%
Auction Preferred Shares (APS):		0.00%
Tender Option Bonds:		3.95%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		34.91%
Total Fund Leverage:		38.86%*
Average Effective Maturity:		5.04  Years
Effective Duration:		4.54  Years
Total Net Assets:		$443.24 Million**
Common Stock Net Asset Value:		$15.24
Number of Holdings:		174
Portfolio Turnover:		6%
* The total percentage of leverage constitutes 3.95% through the use of tender option bonds, 34.91%  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.
** 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.