AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Dec. 28, 2020 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of November 30,2020.

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		2.46%
2) State of Connecticut Special Tax Revenue    Series 2012  5.00%, 1/01/29		2.18%
3) Central Plains Energy Project  Goldman Sachs Group, Inc. (The)  Series 2017A  5.00%, 9/01/42		2.11%
4) Massachusetts School Building Authority    Series 2011B  5.00%, 10/15/32 (Prerefunded/ETM)		1.96%
5) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46		1.73%
6) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM    5.00%, 7/01/58		1.68%
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		1.54%
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		20.85%
Airport		8.07%
Toll Roads/Transit		6.94%
Electric Utility		4.83%
Revenue - Miscellaneous		4.74%
Water & Sewer		2.95%
Prepay Energy		2.77%
Tobacco Securitization		1.54%
Higher Education - Public		1.05%
Primary/Secondary Ed. - Public		0.93%
Higher Education - Private		0.74%
Port		0.70%
Industrial Development - Utility		0.47%
Senior Living		0.25%
Industrial Development - Industry		0.19%
SUBTOTAL		57.02%
Tax Supported
Special Tax		18.54%
State G.O.		7.53%
Local G.O.		3.25%
Tax-Supported State Lease		2.38%
Assessment District		2.09%
Tax-Supported Local Lease		0.56%
SUBTOTAL		34.35%
Prerefunded/ETM		7.19%
Insured/Guaranteed
Guaranteed		0.77%
SUBTOTAL		0.77%
Cash Equivalents
Investment Companies		0.36%
SUBTOTAL		0.36%
Asset-Backed
Housing - Multi-Family		0.31%
SUBTOTAL		0.31%
Total		100.00%
State Breakdown		Portfolio %
New York		12.40%
California		10.51%
Illinois		9.84%
New Jersey		7.71%
Pennsylvania		7.28%
Connecticut		5.48%
Florida		5.44%
Texas		4.60%
Michigan		3.85%
South Carolina		3.13%
Wisconsin		2.49%
Alabama		2.43%
Massachusetts		2.34%
Nebraska		2.11%
Minnesota		1.86%
Colorado		1.83%
Oklahoma		1.78%
North Carolina		1.61%
Tennessee		1.37%
Arizona		1.32%
Utah		1.20%
Georgia		1.09%
Maryland		1.09%
Ohio		1.04%
District of Columbia		0.98%
Kansas		0.86%
Guam		0.85%
Kentucky		0.82%
West Virginia		0.67%
Puerto Rico		0.51%
Hawaii		0.41%
Arkansas		0.32%
Indiana		0.19%
Iowa		0.19%
Louisiana		0.17%
New Hampshire		0.13%
Oregon		0.10%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		5.53%
AA		28.93%
A		37.98%
BBB		17.30%
BB		1.68%
D		0.27%
Not Rated		0.76%
Pre-refunded Bonds		7.19%
Short-Term Investments		0.36%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		0.36%
1 to 5 years		1.19%
5 to 10 years		22.53%
10 to 20 years		35.56%
20 to 30 years		35.79%
More Than 30 years		4.57%
Other		0.00%
Total Investments		100.00%
Portfolio Statistics:
AMT Percent:		10.10%
Average Coupon:		5.07%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.79%
Auction Preferred Shares (APS):		0.00%
Tender Option Bonds:		3.98%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		35.21%
Total Fund Leverage:		39.98%*
Average Effective Maturity:		5.15  Years
Effective Duration:		N/A
Total Net Assets:		$438.13 Million**
Common Stock Net Asset Value:		$15.24
Number of Holdings:		174
Portfolio Turnover:		14%
* The total percentage of leverage constitutes 3.98% through the use of tender option bonds, 35.21%  in issued and outstanding VMTPs and 0.790% 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.