AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
25 Oktober 2021 - 10:06PM
PR Newswire (US)
NEW YORK, Oct. 25, 2021 /PRNewswire/
-- AllianceBernstein National Municipal Income Fund,
Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio
update as of September 30, 2021.
AllianceBernstein
National Municipal Income Fund, Inc.
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Top 10
Fixed-Income Holdings
|
Portfolio
%
|
1) Metropolitan
Transportation Authority (Metropolitan Transportation
Authority Dedicated Tax Fund) Series 2016-A 5.25%,
11/15/35
|
2.48%
|
2) State of
Connecticut Special Tax Revenue Series
2012-A 5.00%, 1/01/29
|
2.11%
|
3) Central Plains
Energy Project (Goldman Sachs Group, Inc. (The)) Series
2017-A 5.00%, 9/01/42
|
2.07%
|
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
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1.70%
|
6) Detroit Downtown
Development Authority AGM Series 2018A 5.00%,
7/01/48
|
1.59%
|
7) Los Angeles
Department of Water & Power Power System
Revenue Series 2013-B 5.00%,
7/01/30
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1.56%
|
8) Tobacco Settlement
Financing Corp./NJ Series 2018A 5.00%,
6/01/46
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1.53%
|
9) Metropolitan Pier
& Exposition Authority Series 2020
5.00%, 6/15/50
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1.51%
|
10) Miami Beach
Health Facilities Authority (Mount Sinai Medical Center of
Florida, Inc.) Series 2014 5.00%, 11/15/39
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1.47%
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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
|
22.05%
|
Airport
|
8.06%
|
Toll
Roads/Transit
|
6.34%
|
Electric
Utility
|
5.24%
|
Revenue -
Miscellaneous
|
4.71%
|
Prepay
Energy
|
2.72%
|
Water &
Sewer
|
2.13%
|
Tobacco
Securitization
|
1.53%
|
Primary/Secondary Ed.
- Public
|
1.08%
|
Higher Education -
Public
|
1.01%
|
Higher Education -
Private
|
0.93%
|
Port
|
0.69%
|
Industrial
Development - Utility
|
0.46%
|
Senior
Living
|
0.26%
|
Industrial
Development - Industry
|
0.19%
|
SUBTOTAL
|
57.40%
|
Tax
Supported
|
|
Special
Tax
|
17.36%
|
State G.O.
|
7.72%
|
Local G.O.
|
2.48%
|
Tax-Supported State
Lease
|
2.45%
|
Assessment
District
|
2.08%
|
Tax-Supported Local
Lease
|
0.55%
|
SUBTOTAL
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32.64%
|
Prerefunded/ETM
|
9.27%
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Asset-Backed
|
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Housing -
Multi-Family
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0.66%
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SUBTOTAL
|
0.66%
|
Cash
Equivalents
|
|
Investment
Companies
|
0.03%
|
SUBTOTAL
|
0.03%
|
Total
|
100.00%
|
|
|
State
Breakdown
|
Portfolio
%
|
New York
|
11.50%
|
California
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10.69%
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Illinois
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10.32%
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New Jersey
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8.35%
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Pennsylvania
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7.70%
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Connecticut
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5.34%
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Florida
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5.00%
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Texas
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4.74%
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Michigan
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3.80%
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South
Carolina
|
3.09%
|
Wisconsin
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2.90%
|
Alabama
|
2.44%
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Nebraska
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2.07%
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Colorado
|
1.82%
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Oklahoma
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1.81%
|
Georgia
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1.62%
|
North
Carolina
|
1.60%
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Minnesota
|
1.51%
|
Massachusetts
|
1.40%
|
Tennessee
|
1.39%
|
Arizona
|
1.29%
|
Utah
|
1.20%
|
Maryland
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1.08%
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Ohio
|
1.06%
|
District of
Columbia
|
0.95%
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Kansas
|
0.86%
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Guam
|
0.83%
|
Kentucky
|
0.81%
|
West
Virginia
|
0.67%
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Puerto
Rico
|
0.53%
|
Hawaii
|
0.41%
|
Arkansas
|
0.33%
|
Indiana
|
0.19%
|
Iowa
|
0.19%
|
Louisiana
|
0.18%
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Washington
|
0.17%
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New
Hampshire
|
0.13%
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Other
|
0.03%
|
Total
Investments
|
100.00%
|
|
|
Credit Quality
Breakdown
|
Portfolio
%
|
AAA
|
4.54%
|
AA
|
30.20%
|
A
|
33.37%
|
BBB
|
19.28%
|
BB
|
2.24%
|
D
|
0.28%
|
Not Rated
|
0.79%
|
Pre-refunded
Bonds
|
9.27%
|
Short-Term
Investments
|
0.03%
|
Total
Investments
|
100.00%
|
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Bonds By
Maturity
|
Portfolio
%
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Less than 1
year
|
0.03%
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1 to 5
years
|
1.67%
|
5 to 10
years
|
22.88%
|
10 to 20
years
|
34.17%
|
20 to 30
years
|
36.18%
|
More Than 30
years
|
5.07%
|
Other
|
0.00%
|
Total
Investments
|
100.00%
|
|
|
Portfolio
Statistics:
|
|
AMT
Percent:
|
9.87%
|
Average
Coupon:
|
5.04%
|
Percentage of
Leverage:
|
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Bank
Borrowing:
|
0.00%
|
Investment
Operations:
|
0.34%
|
Auction Preferred
Shares (APS):
|
0.00%
|
Tender Option
Bonds:
|
3.95%
|
Variable Rate
MuniFund Term Preferred Shares (VMTPs):
|
34.97%
|
Total Fund
Leverage:
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39.26%*
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Average Effective
Maturity:
|
4.54
Years
|
Effective
Duration:
|
4.15
Years
|
Total Net
Assets:
|
$441.27
Million**
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Common Stock Net
Asset Value:
|
$15.35
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Number of
Holdings:
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184
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Portfolio
Turnover:
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6%
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* The total
percentage of leverage constitutes 3.95% through the use of tender
option bonds, 34.97% 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.
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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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content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-301407744.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.
Copyright 2021 PR Newswire
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