ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Nov. 28, 2016 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of October 31, 2016.
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 2.50%
2) State of Connecticut
Special Tax Revenue
Series 2012 5.00%,
1/01/29 2.31%
3) Massachusetts School
Building Authority
(Massachusetts School
Building Authority Sales
Tax) Series 2011B
5.00%, 10/15/32 2.16%
4) Los Angeles Department
of Water & Power PWR
Series 2013B 5.00%,
7/01/30 1.73%
5) Miami Beach Health
Facilities Authority
(Mount Sinai Medical
Center of Florida, Inc.)
Series 2014 5.00%,
11/15/39 1.48%
6) City of New York NY
Series 2012I 5.00%,
8/01/28 1.47%
7) Wayne State University
Series 2009A 5.00%,
11/15/29 1.35%
8) Port Authority of New
York & New Jersey Series
2014-186 5.00%, 10/15/44 1.32%
9) Pennsylvania Economic
Development Financing
Authority (PA Bridges
Finco LP) Series 2015
5.00%, 12/31/38 1.26%
10) New York State
Dormitory Authority
(State of New York Pers
Income Tax) Series
2012B 5.00%, 3/15/32 1.26%
Sector/Industry Breakdown Portfolio %
Revenue
Toll Roads/Transit 11.06%
Health Care - Not-for-
Profit 9.38%
Airport 7.53%
Water & Sewer 5.74%
Higher Education - Public 4.73%
Revenue - Miscellaneous 4.08%
Electric Utility 4.06%
Port 0.80%
Prepay Energy 0.70%
Higher Education -
Private 0.58%
Primary/Secondary Ed. -
Public 0.57%
Senior Living 0.42%
SUBTOTAL 49.65%
Tax Supported
Special Tax 19.45%
State G.O. 7.33%
Local G.O. 6.64%
Tax-Supported Local Lease 3.00%
Tax-Supported State Lease 2.59%
SUBTOTAL 39.01%
Prerefunded/ETM 8.96%
Cash Equivalents
Investment Companies 0.81%
SUBTOTAL 0.81%
Insured/Guaranteed
Guaranteed 0.79%
SUBTOTAL 0.79%
Note/VRDBs
Money Market 0.78%
SUBTOTAL 0.78%
Total 100.00%
State Breakdown Portfolio %
New York 17.70%
California 16.11%
Texas 10.26%
Florida 7.63%
Connecticut 6.00%
Pennsylvania 5.66%
Michigan 5.42%
New Jersey 5.32%
Illinois 4.96%
Massachusetts 2.58%
Hawaii 1.75%
Washington 1.58%
North Carolina 1.41%
Kentucky 1.25%
Colorado 1.23%
Tennessee 1.19%
Louisiana 1.13%
Maryland 1.06%
District of Columbia 1.01%
Alabama 0.91%
Oregon 0.83%
South Carolina 0.80%
Georgia 0.78%
Arizona 0.70%
Indiana 0.47%
Minnesota 0.45%
Arkansas 0.32%
Missouri 0.30%
Oklahoma 0.27%
Wisconsin 0.10%
Ohio 0.01%
Other 0.81%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 9.19%
AA 48.21%
A 19.20%
BBB 11.44%
BB 0.27%
B 0.29%
Not Rated 0.84%
Pre-refunded Bonds 8.96%
Short Term Investments 1.60%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 1.77%
1 to 5 years 1.34%
5 to 10 years 7.99%
10 to 20 years 69.32%
20 to 30 years 19.58%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 8.80%
Average Coupon: 5.19%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.83%
Auction Preferred Shares
(APS): 13.86%
Tender Option Bonds: 4.68%
Variable Rate MuniFund
Term Preferred Shares
(VMTPs): 21.23%
Total Fund Leverage: 40.60%*
Average Effective
Maturity: 7.04 Years
Effective Duration: 5.43 Years
Total Net Assets: $533.64 Million**
Common Stock Net Asset
Value: $15.36
Number of Holdings: 172
Portfolio Turnover: 24%
* The total percentage of leverage constitutes
4.68% through the use
of tender option bonds, 13.86% in issued and
outstanding APS,
21.23% in issued and outstanding VMTPs and 0.83%
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.
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SOURCE AllianceBernstein National Municipal Income Fund
