AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, Sept. 26, 2016 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 31, 2016.







AllianceBernstein National Municipal Income Fund, Inc.












Top 10 Fixed-Income Holdings

Portfolio %



1) Texas Trnsp Comm 5.00%, 4/01/23

2.91%



2) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%, 11/15/35

2.52%



3) State of Connecticut Special Tax Revenue Series 2012 5.00%, 1/01/29

2.29%



4) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax)  Series 2011B 5.00%, 10/15/32

2.12%



5) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30

1.70%



6) City of New York NY Series 2012I 5.00%, 8/01/28

1.46%



7) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.)  Series 2014 5.00%, 11/15/39

1.46%



8) Wayne State University Series 2009A 5.00%, 11/15/29

1.33%



9) Port Authority of New York & New Jersey Series 2014-186 5.00%, 10/15/44

1.30%



10) Pennsylvania Economic Development Financing Authority (PA Bridges Finco LP)  Series 2015 5.00%, 12/31/38

1.29%







Sector/Industry Breakdown

Portfolio %



Revenue




Toll Roads/Transit

11.00%



Health Care - Not-for-Profit

9.66%



Airport

7.06%



Water & Sewer

5.62%



Higher Education - Public

4.70%



Electric Utility

4.01%



Revenue - Miscellaneous

3.84%



Port

0.80%



Prepay Energy

0.68%



Higher Education - Private

0.57%



Primary/Secondary Ed. - Public

0.56%



Industrial Development - Utility

0.42%



Senior Living

0.40%



SUBTOTAL

49.32%



Tax Supported




Special Tax

19.67%



State G.O.

7.27%



Local G.O.

6.64%



Tax-Supported Local Lease

2.96%



Tax-Supported State Lease

2.55%



SUBTOTAL

39.09%



Prerefunded/ETM

7.89%



Note/VRDBs




Money Market

2.91%



SUBTOTAL

2.91%



Insured/Guaranteed




Guaranteed

0.79%



SUBTOTAL

0.79%



Total

100.00%







State Breakdown

Portfolio %



New York

17.54%



California

15.08%



Texas

13.00%



Florida

7.59%



Connecticut

5.93%



New Jersey

5.11%



Illinois

4.96%



Michigan

4.90%



Pennsylvania

4.88%



Massachusetts

2.53%



Hawaii

1.73%



Washington

1.55%



North Carolina

1.41%



Tennessee

1.29%



Kentucky

1.24%



Colorado

1.22%



Louisiana

1.10%



Maryland

1.09%



Indiana

1.03%



District of Columbia

1.00%



Alabama

0.89%



Oregon

0.82%



South Carolina

0.80%



Georgia

0.78%



Arizona

0.68%



Minnesota

0.44%



Ohio

0.43%



Arkansas

0.32%



Missouri

0.29%



Oklahoma

0.27%



Wisconsin

0.10%



Total Investments

100.00%







Credit Quality Breakdown

Portfolio %



AAA

12.01%



AA

48.55%



A

18.31%



BBB

11.51%



BB

0.65%



B

0.28%



Not Rated

0.80%



Pre-refunded Bonds

7.89%



Total Investments

100.00%







Bonds By Maturity

Portfolio %



Less than 1 year

0.00%



1 to 5 years

1.41%



5 to 10 years

10.56%



10 to 20 years

68.34%



20 to 30 years

19.69%



More than 30 years

0.00%



Other

0.00%



Total Investments

100.00%







Portfolio Statistics:




AMT Percentage:

9.63%



Average Coupon:

5.26%



Percentage of Leverage:




Bank Borrowing:

0.00%



Investment Operations:

0.00%



Auction Preferred Shares (APS):

13.56%



Tender Option Bonds:

6.71%



Variable Rate MuniFund Term Preferred Shares (VMTPs):

20.77%



Total Fund Leverage:

41.04%*



Average Effective Maturity:

6.96 Years



Effective Duration:

5.50 Years



Total Net Assets:

$548.82 Million**



Common Stock Net Asset Value:

$15.89



Number of Holdings:

169



Portfolio Turnover:

24%







* The total percentage of leverage constitutes 6.71% through the use




of tender option bonds, 13.56% in issued and outstanding APS,




20.77% 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-300334178.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.