AllianceBernstein National Municipal Income Fund RELEASES MONTHLY PORTFOLIO UPDATE

NEW YORK, Nov. 22, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2021.

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		2.49%
2) State of Connecticut Special Tax Revenue    Series 2012-A  5.00%, 1/01/29		2.12%
3) Central Plains Energy Project  (Goldman Sachs Group Inc/(The))  Series 2017-A  5.00%, 9/01/42		2.08%
4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46		1.75%
5) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM  Series 2018  5.00%, 7/01/58		1.70%
6) Detroit Downtown Development Authority  AGM  Series 2018-A  5.00%, 7/01/48		1.60%
7) Los Angeles Department of Water & Power Power System Revenue    Series 2013-B  5.00%, 7/01/30		1.56%
8) Tobacco Settlement Financing Corp./NJ    Series 2018-A  5.00%, 6/01/46		1.51%
9) Metropolitan Pier & Exposition Authority    Series 2020  5.00%, 6/15/50		1.50%
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		22.12%
Airport		7.78%
Revenue - Miscellaneous		5.99%
Toll Roads/Transit		5.76%
Electric Utility		5.25%
Prepay Energy		2.72%
Water & Sewer		2.14%
Higher Education - Private		1.69%
Tobacco Securitization		1.51%
Primary/Secondary Ed. - Public		1.09%
Higher Education - Public		1.01%
Port		0.69%
Industrial Development - Utility		0.46%
Senior Living		0.26%
Industrial Development - Industry		0.19%
SUBTOTAL		58.66%
Tax Supported
Special Tax		17.47%
State G.O.		7.72%
Local G.O.		2.48%
Tax-Supported State Lease		2.44%
Assessment District		2.08%
Tax-Supported Local Lease		0.55%
SUBTOTAL		32.74%
Prerefunded/ETM		7.79%
Asset-Backed
Housing - Multi-Family		0.66%
SUBTOTAL		0.66%
Cash Equivalents
Investment Companies		0.15%
SUBTOTAL		0.15%
Total		100.00%

 

State Breakdown		Portfolio %
California		12.18%
New York		11.36%
Illinois		11.06%
New Jersey		8.33%
Pennsylvania		7.72%
Connecticut		5.36%
Florida		4.81%
Michigan		3.81%
Texas		3.53%
South Carolina		3.10%
Wisconsin		2.90%
Alabama		2.44%
Nebraska		2.08%
Colorado		1.81%
Oklahoma		1.80%
Georgia		1.62%
North Carolina		1.60%
Minnesota		1.51%
Tennessee		1.39%
Arizona		1.29%
Utah		1.20%
Maryland		1.09%
Ohio		1.06%
District of Columbia		0.95%
Kansas		0.87%
Guam		0.84%
Kentucky		0.81%
West Virginia		0.67%
Massachusetts		0.53%
Puerto Rico		0.53%
Hawaii		0.41%
Arkansas		0.33%
Indiana		0.19%
Iowa		0.19%
Louisiana		0.18%
Washington		0.17%
New Hampshire		0.13%
Other		0.15%
Total Investments		100.00%

 

Credit Quality Breakdown		Portfolio %
AAA		4.54%
AA		31.44%
A		32.66%
BBB		20.11%
BB		2.24%
D		0.28%
Not Rated		0.79%
Pre-refunded Bonds		7.79%
Short-Term Investments		0.15%
Total Investments		100.00%

 

Bonds By Maturity		Portfolio %
Less than 1 year		0.15%
1 to 5 years		1.67%
5 to 10 years		21.80%
10 to 20 years		32.76%
20 to 30 years		37.08%
More Than 30 years		6.54%
Other		0.00%
Total Investments		100.00%

 

Portfolio Statistics:
AMT Percent:		9.87%
Average Coupon:		4.95%
Percentage of Leverage:
Bank Borrowing:		0.00%
Investment Operations:		0.34%
Auction Preferred Shares (APS):		0.00%
Tender Option Bonds:		3.97%
Variable Rate MuniFund Term Preferred Shares (VMTPs):		35.17%
Total Fund Leverage:		39.48%*
Average Effective Maturity:		4.68  Years
Effective Duration:		4.26  Years
Total Net Assets:		$438.68 Million**
Common Stock Net Asset Value:		$15.26
Number of Holdings:		181
Portfolio Turnover:		6%

* The total percentage of leverage constitutes 3.97% through the use of tender option bonds, 35.17%  in issued and outstanding VMTPs and 0.340% 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