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