AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, July 26, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2021.

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		2.48%
2) Central Plains Energy Project  (Goldman Sachs Group, Inc. (The))  Series 2017A  5.00%, 9/01/42		2.13%
3) State of Connecticut Special Tax Revenue    Series 2012  5.00%, 1/01/29		2.11%
4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46		1.76%
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM    5.00%, 7/01/58		1.71%
6) Detroit Downtown Development Authority  AGM  Series 2018A  5.00%, 7/01/48		1.59%
7) Metropolitan Pier & Exposition Authority      5.00%, 6/15/50		1.56%
8) Los Angeles Department of Water & Power Power System Revenue    Series 2013B  5.00%, 7/01/30		1.56%
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		1.47%
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		22.08%
Airport		8.07%
Toll Roads/Transit		6.35%
Revenue - Miscellaneous		4.70%
Electric Utility		4.70%
Prepay Energy		2.77%
Water & Sewer		2.14%
Tobacco Securitization		1.54%
Higher Education - Public		1.01%
Higher Education - Private		0.93%
Primary/Secondary Ed. - Public		0.93%
Port		0.68%
Industrial Development - Utility		0.46%
Senior Living		0.26%
Industrial Development - Industry		0.19%
SUBTOTAL		56.81%
Tax Supported
Special Tax		17.86%
State G.O.		7.73%
Local G.O.		2.49%
Tax-Supported State Lease		2.45%
Assessment District		2.08%
Tax-Supported Local Lease		0.55%
SUBTOTAL		33.16%
Prerefunded/ETM		8.90%
Asset-Backed
Housing - Multi-Family		0.66%
SUBTOTAL		0.66%
Cash Equivalents
Investment Companies		0.47%
SUBTOTAL		0.47%
Total		100.00%
State Breakdown		Portfolio %
New York		11.49%
California		10.71%
Illinois		10.40%
New Jersey		8.21%
Pennsylvania		7.71%
Florida		5.39%
Connecticut		5.35%
Texas		4.39%
Michigan		3.80%
South Carolina		3.09%
Wisconsin		2.93%
Alabama		2.44%
Nebraska		2.13%
Colorado		1.83%
Oklahoma		1.80%
North Carolina		1.60%
Minnesota		1.52%
Massachusetts		1.40%
Tennessee		1.39%
Arizona		1.30%
Utah		1.20%
Georgia		1.08%
Maryland		1.08%
Ohio		1.05%
District of Columbia		0.95%
Kansas		0.85%
Guam		0.84%
Kentucky		0.80%
West Virginia		0.67%
Puerto Rico		0.53%
Hawaii		0.41%
Arkansas		0.32%
Indiana		0.19%
Iowa		0.19%
Louisiana		0.18%
Washington		0.17%
New Hampshire		0.14%
Other		0.47%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		4.54%
AA		31.03%
A		33.15%
BBB		18.59%
BB		2.25%
D		0.28%
Not Rated		0.79%
Pre-refunded Bonds		8.90%
Short-Term Investments		0.47%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		0.47%
1 to 5 years		1.81%
5 to 10 years		23.16%
10 to 20 years		34.19%
20 to 30 years		35.20%
More Than 30 years		5.17%
Other		0.00%
Total Investments		100.00%
Portfolio Statistics:
AMT Percent:		9.84%
Average Coupon:		5.03%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.33%
Auction Preferred Shares (APS):		0.00%
Tender Option Bonds:		3.91%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		34.60%
Total Fund Leverage:		38.84%*
Average Effective Maturity:		4.71  Years
Effective Duration:		4.30  Years
Total Net Assets:		$448.98 Million**
Common Stock Net Asset Value:		$15.62
Number of Holdings:		179
Portfolio Turnover:		6%
* The total percentage of leverage constitutes 3.91% through the use of tender option bonds, 34.60%  in issued and outstanding VMTPs and 0.330% 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.

 

View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-301341409.html

SOURCE AllianceBernstein National Municipal Income Fund