AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Aug. 23, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of July 31, 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%,		2.47%
2) Central Plains Energy Project  (Goldman Sachs Group, Inc. (The))  Series 2017A  5.00%, 9/01/42		2.15%
3) State of Connecticut Special Tax Revenue    Series 2012  5.00%, 1/01/29		2.09%
4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46		1.75%
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		1.58%
7) Metropolitan Pier & Exposition Authority    Series 2020  5.00%, 6/15/50		1.55%
8) Los Angeles Department of Water & Power Power System Revenue    Series 2013B  5.00%, 7/01/30		1.54%
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		1.46%
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		22.06%
Airport		8.03%
Toll Roads/Transit		6.31%
Electric Utility		5.23%
Revenue - Miscellaneous		4.68%
Prepay Energy		2.79%
Water & Sewer		2.12%
Tobacco Securitization		1.54%
Higher Education - Public		1.00%
Higher Education - Private		0.93%
Primary/Secondary Ed. - Public		0.93%
Port		0.69%
Industrial Development - Utility		0.46%
Senior Living		0.26%
Industrial Development - Industry		0.19%
SUBTOTAL		57.22%
Tax Supported
Special Tax		17.74%
State G.O.		7.72%
Local G.O.		2.48%
Tax-Supported State Lease		2.44%
Assessment District		2.06%
Tax-Supported Local Lease		0.55%
SUBTOTAL		32.99%
Prerefunded/ETM		8.82%
Asset-Backed
Housing - Multi-Family		0.66%
SUBTOTAL		0.66%
Cash Equivalents
Investment Companies		0.31%
SUBTOTAL		0.31%
Total		100.00%
State Breakdown		Portfolio %
New York		11.40%
California		10.62%
Illinois		10.38%
New Jersey		8.16%
Pennsylvania		7.69%
Florida		5.38%
Connecticut		5.31%
Texas		4.36%
Michigan		3.77%
South Carolina		3.09%
Wisconsin		2.93%
Alabama		2.44%
Nebraska		2.15%
Colorado		1.82%
Oklahoma		1.80%
Georgia		1.63%
North Carolina		1.59%
Minnesota		1.52%
Massachusetts		1.39%
Tennessee		1.39%
Arizona		1.30%
Utah		1.20%
Maryland		1.08%
Ohio		1.05%
District of Columbia		0.94%
Kansas		0.87%
Guam		0.83%
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		0.31%
Total Investments		100.00%
Credit Quality Breakdown		Portfolio %
AAA		5.73%
AA		30.84%
A		33.42%
BBB		18.80%
BB		2.24%
D		0.28%
Not Rated		0.79%
Pre-refunded Bonds		7.59%
Short-Term Investments		0.31%
Total Investments		100.00%
Bonds By Maturity		Portfolio %
Less than 1 year		0.31%
1 to 5 years		1.79%
5 to 10 years		22.97%
10 to 20 years		28.11%
20 to 30 years		35.96%
More Than 30 years		4.93%
Other		5.93%
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:		3.88%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		34.33%
Total Fund Leverage:		38.54%*
Average Effective Maturity:		4.66  Years
Effective Duration:		4.28  Years
Total Net Assets:		$451.76 Million**
Common Stock Net Asset Value:		$15.72
Number of Holdings:		184
Portfolio Turnover:		6%

* The total percentage of leverage constitutes 3.88% through the use of tender option bonds, 34.33%  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.

 

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.