AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
NEW YORK, Sept. 25, 2017 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of August 31, 2017.
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%, 11/15/35 |
2.52% |
2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.29% |
3) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2011B 5.00%, 10/15/32 |
2.17% |
4) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.73% |
5) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.50% |
6) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.47% |
7) City of Orlando FL Series 2014A 5.00%, 11/01/44 (Prerefunded/ETM) |
1.38% |
8) Wayne State University Series 2009A 5.00%, 11/15/29 |
1.36% |
9) Chicago O'Hare International Airport Series 2016B 5.00%, 1/01/41 |
1.33% |
10) Port Authority of New York & New Jersey Series 2014-186 5.00%, 10/15/44 |
1.32% |
Sector/Industry Breakdown |
Portfolio % |
Revenue |
|
Toll Roads/Transit |
9.82% |
Health Care - Not-for-Profit |
9.62% |
Airport |
9.57% |
Revenue - Miscellaneous |
5.83% |
Higher Education - Public |
5.61% |
Electric Utility |
4.07% |
Water & Sewer |
3.69% |
Port |
1.49% |
Prepay Energy |
0.71% |
Primary/Secondary Ed. - Public |
0.55% |
Senior Living |
0.39% |
Higher Education - Private |
0.18% |
SUBTOTAL |
51.53% |
Tax Supported |
|
Special Tax |
16.50% |
State G.O. |
7.31% |
Local G.O. |
7.27% |
Tax-Supported State Lease |
2.66% |
Tax-Supported Local Lease |
1.17% |
SUBTOTAL |
34.91% |
Prerefunded/ETM |
12.22% |
Insured/Guaranteed |
|
Guaranteed |
0.80% |
SUBTOTAL |
0.80% |
Cash Equivalents |
|
Investment Companies |
0.54% |
SUBTOTAL |
0.54% |
Total |
100.00% |
State Breakdown |
Portfolio % |
New York |
16.64% |
California |
15.37% |
Texas |
9.48% |
Pennsylvania |
6.54% |
Illinois |
6.09% |
Florida |
6.07% |
New Jersey |
6.00% |
Connecticut |
5.92% |
Michigan |
5.43% |
Massachusetts |
2.59% |
Hawaii |
1.77% |
Washington |
1.58% |
Kentucky |
1.42% |
North Carolina |
1.42% |
Colorado |
1.26% |
Tennessee |
1.19% |
Alabama |
1.14% |
Louisiana |
1.12% |
Maryland |
1.07% |
District of Columbia |
1.03% |
Oregon |
0.84% |
South Carolina |
0.82% |
Georgia |
0.80% |
Utah |
0.75% |
Arizona |
0.71% |
Indiana |
0.65% |
Minnesota |
0.46% |
Arkansas |
0.32% |
Missouri |
0.30% |
Ohio |
0.30% |
Oklahoma |
0.27% |
Wisconsin |
0.11% |
Other |
0.54% |
Total Investments |
100.00% |
Credit Quality Breakdown |
Portfolio % |
AAA |
7.86% |
AA |
40.87% |
A |
25.55% |
BBB |
11.40% |
B |
0.27% |
CCC |
0.45% |
Not Rated |
0.84% |
Pre-refunded Bonds |
12.22% |
Short-Term Investments |
0.54% |
Total Investments |
100.00% |
Bonds By Maturity |
Portfolio % |
Less than 1 year |
0.72% |
1 to 5 years |
2.05% |
5 to 10 years |
9.41% |
10 to 20 years |
66.80% |
20 to 30 years |
21.02% |
More Than 30 years |
0.00% |
Other |
0.00% |
Total Investments |
100.00% |
Portfolio Statistics: |
|
AMT Percent: |
10.37% |
Average Coupon: |
5.17% |
Percentage of Leverage: |
|
Bank Borrowing: |
0.00% |
Investment Operations: |
0.00% |
Auction Preferred Shares (APS): |
13.95% |
Tender Option Bonds: |
3.97% |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
21.36% |
Total Fund Leverage: |
39.28%* |
Average Effective Maturity: |
6.65 Years |
Effective Duration: |
5.17 Years |
Total Net Assets: |
$526.39 Million** |
Common Stock Net Asset Value: |
$15.11 |
Number of Holdings: |
166 |
Portfolio Turnover: |
14% |
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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