AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
09/27/2021 - 04:06 PM
NEW YORK , Sept. 27, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 31,2021 .
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016-A 5.25% , 11/15/35
2.47%
2) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017-A 5.00% , 9/01/42
2.10%
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
1.74%
5) Wisconsin Public Finance Authority AGM Series 2018 5.00% , 7/01/58
1.69%
6) Detroit Downtown Development Authority AGM Series 2018A 5.00% , 7/01/48
1.58%
7) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00% , 7/01/30
1.54%
8) Tobacco Settlement Financing Corp./NJ Series 2018A 5.00% , 6/01/46
1.53%
9) Metropolitan Pier & Exposition Authority Series 2020 5.00% , 6/15/50
1.52%
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
21.99%
Airport
8.02%
Toll Roads/Transit
6.30%
Electric Utility
5.21%
Revenue - Miscellaneous
4.68%
Prepay Energy
2.74%
Water & Sewer
2.11%
Tobacco Securitization
1.53%
Higher Education - Public
1.00%
Higher Education - Private
0.93%
Primary/Secondary Ed. - Public
0.92%
Port
0.69%
Industrial Development - Utility
0.46%
Senior Living
0.26%
Industrial Development - Industry
0.19%
SUBTOTAL
57.03%
Tax Supported
Special Tax
18.05%
State G.O.
7.68%
Local G.O.
2.47%
Tax-Supported State Lease
2.44%
Assessment District
2.06%
Tax-Supported Local Lease
0.55%
SUBTOTAL
33.25%
Prerefunded/ETM
8.81%
Asset-Backed
Housing - Multi-Family
0.66%
SUBTOTAL
0.66%
Cash Equivalents
Investment Companies
0.25%
SUBTOTAL
0.25%
Total
100.00%
State Breakdown
Portfolio %
New York
11.44%
California
10.60%
Illinois
10.30%
New Jersey
8.15%
Pennsylvania
7.68%
Florida
5.37%
Connecticut
5.30%
Texas
4.70%
Michigan
3.77%
South Carolina
3.08%
Wisconsin
2.91%
Alabama
2.43%
Nebraska
2.10%
Colorado
1.81%
Oklahoma
1.80%
Georgia
1.62%
North Carolina
1.59%
Minnesota
1.51%
Massachusetts
1.39%
Tennessee
1.38%
Arizona
1.29%
Utah
1.20%
Maryland
1.07%
Ohio
1.05%
District of Columbia
0.94%
Kansas
0.86%
Guam
0.83%
Kentucky
0.80%
West Virginia
0.66%
Puerto Rico
0.53%
Hawaii
0.41%
Arkansas
0.32%
Indiana
0.19%
Iowa
0.19%
Louisiana
0.18%
Washington
0.17%
New Hampshire
0.13%
Other
0.25%
Total Investments
100.00%
Credit Quality Breakdown
Portfolio %
AAA
4.50%
AA
30.78%
A
33.28%
BBB
19.08%
BB
2.23%
D
0.28%
Not Rated
0.79%
Pre-refunded Bonds
8.81%
Short-Term Investments
0.25%
Total Investments
100.00%
Bonds By Maturity
Portfolio %
Less than 1 year
0.25%
1 to 5 years
1.79%
5 to 10 years
22.94%
10 to 20 years
33.99%
20 to 30 years
36.12%
More Than 30 years
4.91%
Other
0.00%
Total Investments
100.00%
Portfolio Statistics:
AMT Percent:
9.84%
Average Coupon:
5.01%
Percentage of Leverage:
Bank Borrowing:
0.00%
Investment Operations:
0.70%
Auction Preferred Shares (APS):
0.00%
Tender Option Bonds:
3.91%
Variable Rate MuniFund Term Preferred Shares (VMTPs):
34.58%
Total Fund Leverage:
39.19% *
Average Effective Maturity:
4.60 Years
Effective Duration:
N/A
Total Net Assets:
$447.69 Million **
Common Stock Net Asset Value:
$15.57
Number of Holdings:
185
Portfolio Turnover:
6%
* The total percentage of leverage constitutes 3.91% through the use of tender option bonds, 34.58% in issued and outstanding VMTPs and 0.700% 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
AllianceBernstein National Municipal Income Fund Inc
AFB Rankings
#2793 Ranked by Stock Gains
AFB Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
New York
About AFB
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