ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Jan. 23, 2017 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of December 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 2.51%
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 1.73%
5) City of New York NY Series 2012I
5.00%, 8/01/28 1.48%
6) Miami Beach Health Facilities
Authority (Mount Sinai Medical Center
of Florida, Inc.) Series 2014 5.00%,
11/15/39 1.44%
7) Wayne State University Series
2009A 5.00%, 11/15/29 1.40%
8) City of Orlando FL Series 2014A
5.00%, 11/01/44 (Prerefunded/ETM) 1.37%
9) Chicago O'Hare International Airport
Series 2016C 5.00%, 1/01/36 1.32%
10) Port Authority of New York & New
Jersey Series 2014-186 5.00%,
10/15/44 1.30%
Sector/Industry Breakdown Portfolio %
Revenue
Toll Roads/Transit 11.03%
Health Care - Not-for-Profit 9.25%
Airport 8.77%
Water & Sewer 5.80%
Higher Education - Public 4.78%
Electric Utility 4.07%
Revenue - Miscellaneous 3.96%
Port 0.80%
Prepay Energy 0.71%
Higher Education - Private 0.58%
Primary/Secondary Ed. - Public 0.57%
Senior Living 0.42%
SUBTOTAL 50.74%
Tax Supported
Special Tax 17.43%
State G.O. 7.25%
Local G.O. 6.43%
Tax-Supported Local Lease 2.82%
Tax-Supported State Lease 2.76%
SUBTOTAL 36.69%
Prerefunded/ETM 11.68%
Insured/Guaranteed
Guaranteed 0.80%
SUBTOTAL 0.80%
Cash Equivalents
Investment Companies 0.09%
SUBTOTAL 0.09%
Total 100.00%
State Breakdown Portfolio %
New York 17.84%
California 15.30%
Texas 10.26%
Florida 7.19%
Illinois 6.31%
Connecticut 6.04%
Pennsylvania 5.66%
Michigan 5.52%
New Jersey 5.27%
Massachusetts 2.60%
Hawaii 1.77%
Washington 1.63%
Kentucky 1.41%
North Carolina 1.41%
Colorado 1.26%
Louisiana 1.18%
Tennessee 1.16%
Maryland 1.04%
District of Columbia 1.03%
Alabama 0.95%
Oregon 0.85%
Georgia 0.80%
South Carolina 0.80%
Arizona 0.71%
Minnesota 0.46%
Indiana 0.45%
Arkansas 0.32%
Missouri 0.31%
Oklahoma 0.27%
Wisconsin 0.11%
Ohio 0.00%
Other 0.09%
Total Investments 100.00%
Credit Quality Breakdown Portfolio %
AAA 9.33%
AA 45.76%
A 20.41%
BBB 11.32%
BB 0.26%
B 0.30%
Not Rated 0.85%
Pre-refunded Bonds 11.68%
Short-Term Investments 0.09%
Total Investments 100.00%
Bonds By Maturity Portfolio %
Less than 1 year 0.27%
1 to 5 years 1.09%
5 to 10 years 9.33%
10 to 20 years 70.16%
20 to 30 years 19.15%
More Than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percent: 4.87%
Average Coupon: 5.18%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Auction Preferred Shares (APS): 14.48%
Tender Option Bonds: 4.89%
Variable Rate MuniFund Term Preferred
Shares (VMTPs): 22.17%
Total Fund Leverage: 41.54%*
Average Effective Maturity: 7.32 Years
Effective Duration: 5.58 Years
Total Net Assets: $505.24 Million**
Common Stock Net Asset Value: $14.37
Number of Holdings: 173
Portfolio Turnover: 14%
* The total percentage of leverage constitutes 4.89% through the
use of tender option bonds, 14.48% in issued and outstanding
APS,22.17% 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 $141,000,000 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-300395070.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
