NEW YORK, Feb. 23, 2018 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.(NYSE: AFB) (the "Fund") today released its monthly portfolio update as of January 31,2018.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % | |
1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%, 11/15/35 |
2.48% | |
2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.24% | |
3) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2011B 5.00%, 10/15/32 |
2.11% | |
4) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.68% | |
5) Jefferson County Board of Education/AL Series 2018 5.00%, 2/01/46 |
1.64% | |
6) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.44% | |
7) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.44% | |
8) City of Orlando FL Series 2014A 5.00%, 11/01/44 (Prerefunded/ETM) |
1.32% | |
9) Chicago O'Hare International Airport Series 2016B 5.00%, 1/01/41 |
1.31% | |
10) Port Authority of New York & New Jersey Series 2014-186 5.00%, 10/15/44 |
1.30% | |
Sector/Industry Breakdown |
Portfolio % | |
Revenue |
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Toll Roads/Transit |
11.23% | |
Airport |
9.76% | |
Health Care - Not-for-Profit |
9.51% | |
Revenue - Miscellaneous |
4.54% | |
Electric Utility |
4.20% | |
Higher Education - Public |
3.92% | |
Water & Sewer |
3.60% | |
Port |
1.47% | |
Prepay Energy |
0.69% | |
Higher Education - Private |
0.68% | |
Primary/Secondary Ed. - Public |
0.54% | |
Senior Living |
0.30% | |
SUBTOTAL |
50.44% | |
Tax Supported |
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Special Tax |
16.57% | |
Local G.O. |
8.32% | |
State G.O. |
7.95% | |
Tax-Supported State Lease |
3.01% | |
Tax-Supported Local Lease |
1.14% | |
SUBTOTAL |
36.99% | |
Prerefunded/ETM |
11.30% | |
Insured/Guaranteed |
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Guaranteed |
0.95% | |
SUBTOTAL |
0.95% | |
Cash Equivalents |
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Investment Companies |
0.32% | |
SUBTOTAL |
0.32% | |
Total |
100.00% | |
State Breakdown |
Portfolio % | |
New York |
17.35% | |
California |
13.58% | |
Texas |
8.73% | |
Illinois |
7.94% | |
Pennsylvania |
7.45% | |
New Jersey |
6.30% | |
Connecticut |
6.27% | |
Florida |
5.90% | |
Michigan |
5.36% | |
Massachusetts |
2.52% | |
Alabama |
2.30% | |
Hawaii |
1.74% | |
Washington |
1.55% | |
Kentucky |
1.39% | |
North Carolina |
1.25% | |
Tennessee |
1.18% | |
Colorado |
1.12% | |
Maryland |
1.05% | |
South Carolina |
1.03% | |
District of Columbia |
1.00% | |
Oregon |
0.81% | |
Georgia |
0.78% | |
Utah |
0.74% | |
Arizona |
0.69% | |
Minnesota |
0.45% | |
Arkansas |
0.32% | |
Ohio |
0.30% | |
Oklahoma |
0.27% | |
Indiana |
0.20% | |
Wisconsin |
0.11% | |
Other |
0.32% | |
Total Investments |
100.00% | |
Credit Quality Breakdown |
Portfolio % | |
AAA |
7.87% | |
AA |
40.97% | |
A |
26.40% | |
BBB |
11.69% | |
BB |
0.35% | |
B |
0.26% | |
Not Rated |
0.84% | |
Pre-refunded Bonds |
11.30% | |
Short-Term Investments |
0.32% | |
Total Investments |
100.00% | |
Bonds By Maturity |
Portfolio % | |
Less than 1 year |
0.32% | |
1 to 5 years |
1.05% | |
5 to 10 years |
8.51% | |
10 to 20 years |
66.09% | |
20 to 30 years |
23.69% | |
More Than 30 years |
0.34% | |
Other |
0.00% | |
Total Investments |
100.00% | |
Portfolio Statistics: |
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AMT Percent: |
9.81% | |
Average Coupon: |
5.22% | |
Percentage of Leverage: |
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Bank Borrowing: |
0.00% | |
Investment Operations: |
1.75% | |
Auction Preferred Shares (APS): |
14.25% | |
Tender Option Bonds: |
4.05% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
21.83% | |
Total Fund Leverage: |
41.88%* | |
Average Effective Maturity: |
5.76 Years | |
Effective Duration: |
5.45 Years | |
Total Net Assets: |
$511.60 Million** | |
Common Stock Net Asset Value: |
$14.59 | |
Number of Holdings: |
174 | |
Portfolio Turnover: |
11% |
* The total percentage of leverage constitutes 4.05% through the use of tender option bonds, 14.25% in issued and outstanding APS,21.83% in issued and outstanding VMTPs and 1.750% 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. |
** Includes $92,125,000 of APS at liquidation value.The Fund also had outstanding $141,100,000 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. |
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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