NEW YORK, June 23, 2017 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.AFB (the "Fund") today released its monthly portfolio update as of May 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 |
2.53% | |
|
2) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29 |
2.35% | |
|
3) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2011B 5.00%, 10/15/32 |
2.18% | |
|
4) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.74% | |
|
5) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.51% | |
|
6) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.48% | |
|
7) City of Orlando FL Series 2014A 5.00%, 11/01/44 (Prerefunded/ETM) |
1.39% | |
|
8) Wayne State University Series 2009A 5.00%, 11/15/29 |
1.37% | |
|
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 |
1.31% | |
|
Sector/Industry Breakdown |
Portfolio % | |
|
Revenue |
||
|
Toll Roads/Transit |
10.79% | |
|
Airport |
9.58% | |
|
Health Care - Not-for-Profit |
9.30% | |
|
Revenue - Miscellaneous |
5.82% | |
|
Higher Education - Public |
5.64% | |
|
Electric Utility |
4.09% | |
|
Water & Sewer |
3.71% | |
|
Port |
1.48% | |
|
Prepay Energy |
0.72% | |
|
Primary/Secondary Ed. - Public |
0.56% | |
|
Senior Living |
0.41% | |
|
Higher Education - Private |
0.18% | |
|
SUBTOTAL |
52.28% | |
|
Tax Supported |
||
|
Special Tax |
17.12% | |
|
State G.O. |
7.30% | |
|
Local G.O. |
6.47% | |
|
Tax-Supported State Lease |
2.61% | |
|
Tax-Supported Local Lease |
2.03% | |
|
SUBTOTAL |
35.53% | |
|
Prerefunded/ETM |
11.37% | |
|
Insured/Guaranteed |
||
|
Guaranteed |
0.80% | |
|
SUBTOTAL |
0.80% | |
|
Cash Equivalents |
||
|
Investment Companies |
0.02% | |
|
SUBTOTAL |
0.02% | |
|
Total |
100.00% | |
|
State Breakdown |
Portfolio % | |
|
New York |
16.70% | |
|
California |
15.45% | |
|
Texas |
9.52% | |
|
Florida |
6.95% | |
|
Illinois |
6.05% | |
|
Connecticut |
6.02% | |
|
New Jersey |
5.93% | |
|
Pennsylvania |
5.68% | |
|
Michigan |
5.49% | |
|
Massachusetts |
2.61% | |
|
Hawaii |
1.78% | |
|
Alabama |
1.60% | |
|
Washington |
1.60% | |
|
Kentucky |
1.43% | |
|
North Carolina |
1.42% | |
|
Colorado |
1.28% | |
|
Tennessee |
1.16% | |
|
Louisiana |
1.14% | |
|
Maryland |
1.07% | |
|
District of Columbia |
1.04% | |
|
Oregon |
0.84% | |
|
South Carolina |
0.81% | |
|
Georgia |
0.80% | |
|
Utah |
0.76% | |
|
Arizona |
0.72% | |
|
Indiana |
0.66% | |
|
Minnesota |
0.46% | |
|
Arkansas |
0.33% | |
|
Missouri |
0.30% | |
|
Oklahoma |
0.27% | |
|
Wisconsin |
0.11% | |
|
Ohio |
0.00% | |
|
Other |
0.02% | |
|
Total Investments |
100.00% | |
|
Credit Quality Breakdown |
Portfolio % | |
|
AAA |
7.90% | |
|
AA |
43.36% | |
|
A |
24.42% | |
|
BBB |
11.33% | |
|
B |
0.74% | |
|
Not Rated |
0.86% | |
|
Pre-refunded Bonds |
11.37% | |
|
Short-Term Investments |
0.02% | |
|
Total Investments |
100.00% | |
|
Bonds By Maturity |
Portfolio % | |
|
Less than 1 year |
0.39% | |
|
1 to 5 years |
0.88% | |
|
5 to 10 years |
9.16% | |
|
10 to 20 years |
67.28% | |
|
20 to 30 years |
21.53% | |
|
More Than 30 years |
0.76% | |
|
Other |
0.00% | |
|
Total Investments |
100.00% | |
|
Portfolio Statistics: |
||
|
AMT Percent: |
10.19% | |
|
Average Coupon: |
5.16% | |
|
Percentage of Leverage: |
||
|
Bank Borrowing: |
0.00% | |
|
Investment Operations: |
0.00% | |
|
Auction Preferred Shares (APS): |
14.05% | |
|
Tender Option Bonds: |
4.75% | |
|
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
21.51% | |
|
Total Fund Leverage: |
40.31%* | |
|
Average Effective Maturity: |
6.89 Years | |
|
Effective Duration: |
5.34 Years | |
|
Total Net Assets: |
$522.81 Million** | |
|
Common Stock Net Asset Value: |
$14.98 | |
|
Number of Holdings: |
170 | |
|
Portfolio Turnover: |
14% | |
* The total percentage of leverage constitutes 4.75% through the use of tender option bonds, 14.05% in issued and outstanding APS,21.51% 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.
** 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-300479087.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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