PR Newswire
NEW YORK, Nov. 23, 2020
NEW YORK , Nov. 23, 2020 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2020 .
AllianceBernstein National Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%, 11/15/35
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2.47%
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2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29
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2.23%
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3) Central Plains Energy Project Goldman Sachs Group, Inc. (The) Series 2017A 5.00%, 9/01/42
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2.00%
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4) Massachusetts School Building Authority Series 2011B 5.00%, 10/15/32 (Prerefunded/ETM)
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2.00%
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5) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46
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1.74%
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6) Wisconsin Public Finance Authority(CHF - Wilmington LLC) AGM 5.00%, 7/01/58
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1.69%
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7) Los Angeles Department of Water & Power Power System Revenue Series 2013B 5.00%, 7/01/30
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1.65%
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8) Detroit Downtown Development Authority AGM Series 2018A 5.00%, 7/01/48
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1.64%
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9) Tobacco Settlement Financing Corp./NJ Series 2018A 5.00%, 6/01/46
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1.53%
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10) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39
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1.49%
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Health Care - Not-for-Profit
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20.97%
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Airport
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8.08%
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Toll Roads/Transit
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7.00%
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Electric Utility
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4.89%
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Revenue - Miscellaneous
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4.77%
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Water & Sewer
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3.01%
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Prepay Energy
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2.68%
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Tobacco Securitization
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1.53%
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Higher Education - Public
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1.07%
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Primary/Secondary Ed. - Public
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0.93%
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Higher Education - Private
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0.74%
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Port
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0.71%
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Industrial Development - Utility
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0.47%
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Senior Living
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0.24%
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Industrial Development - Industry
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0.19%
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SUBTOTAL
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57.28%
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Tax Supported
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Special Tax
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17.98%
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State G.O.
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7.61%
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Local G.O.
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3.32%
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Tax-Supported State Lease
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2.36%
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Assessment District
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2.13%
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Tax-Supported Local Lease
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0.56%
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SUBTOTAL
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33.96%
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Prerefunded/ETM
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7.36%
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Insured/Guaranteed
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Guaranteed
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0.79%
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SUBTOTAL
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0.79%
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Asset-Backed
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Housing - Multi-Family
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0.32%
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SUBTOTAL
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0.32%
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Cash Equivalents
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Investment Companies
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0.29%
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SUBTOTAL
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0.29%
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Total
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100.00%
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State Breakdown
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Portfolio %
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New York
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12.55%
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California
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10.73%
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Illinois
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9.86%
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New Jersey
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7.73%
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Pennsylvania
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7.34%
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Connecticut
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5.58%
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Florida
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5.49%
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Texas
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4.68%
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Michigan
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3.93%
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South Carolina
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3.15%
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Alabama
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2.44%
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Massachusetts
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2.40%
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Nebraska
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2.00%
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Colorado
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1.85%
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Minnesota
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1.79%
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Oklahoma
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1.78%
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Wisconsin
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1.69%
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North Carolina
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1.62%
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Tennessee
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1.37%
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Arizona
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1.33%
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Utah
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1.18%
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Georgia
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1.10%
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Maryland
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1.10%
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Ohio
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1.05%
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District of Columbia
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0.99%
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Guam
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0.87%
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Kansas
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0.86%
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Kentucky
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0.83%
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West Virginia
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0.67%
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Puerto Rico
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0.50%
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Hawaii
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0.42%
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Arkansas
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0.33%
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Indiana
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0.20%
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Iowa
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0.19%
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Louisiana
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0.17%
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New Hampshire
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0.13%
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Oregon
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0.10%
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Total Investments
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100.00%
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Credit Quality Breakdown
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Portfolio %
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AAA
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5.65%
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AA
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28.54%
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A
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38.13%
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BBB
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17.30%
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BB
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1.70%
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D
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0.28%
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Not Rated
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0.75%
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Pre-refunded Bonds
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7.36%
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Short-Term Investments
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0.29%
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Total Investments
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100.00%
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Bonds By Maturity
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Portfolio %
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Less than 1 year
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0.29%
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1 to 5 years
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1.21%
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5 to 10 years
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21.99%
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10 to 20 years
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36.40%
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20 to 30 years
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35.06%
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More Than 30 years
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5.05%
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Other
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0.00%
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Total Investments
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100.00%
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Portfolio Statistics:
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AMT Percent:
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10.13%
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Average Coupon:
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5.06%
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Percentage of Leverage:
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Bank Borrowing:
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0.00%
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Investment Operations:
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0.00%
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Auction Preferred Shares (APS):
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0.00%
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Tender Option Bonds:
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4.03%
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Variable Rate MuniFund Term Preferred Shares (VMTPs):
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35.69%
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Total Fund Leverage:
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39.72%*
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Average Effective Maturity:
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5.27 Years
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Effective Duration:
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4.67 Years
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Total Net Assets:
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$429.46 Million**
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Common Stock Net Asset Value:
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$14.94
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Number of Holdings:
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171
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Portfolio Turnover:
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14%
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* The total percentage of leverage constitutes 4.03% through the use of tender option bonds, 35.69% in issued and outstanding VMTPs and 0.00% 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.
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** 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.
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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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View original content: http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-301179237.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
