AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
Donnerstag, 21.12.2017 22:10 von PR Newswire
PR Newswire
NEW YORK, Dec. 21, 2017
NEW YORK, Dec. 21, 2017 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of November 30, 2017.
AllianceBernstein National Municipal Income Fund, Inc. |
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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 |
2.24% | |
3) Massachusetts School Building Authority (Massachusetts School Building Authority Sales Tax) Series 2011B 5.00%, 10/15/32 |
2.13% | |
4) Los Angeles Department of Water & Power PWR Series 2013B 5.00%, 7/01/30 |
1.70% | |
5) Miami Beach Health Facilities Authority (Mount Sinai Medical Center of Florida, Inc.) Series 2014 5.00%, 11/15/39 |
1.47% | |
6) City of New York NY Series 2012I 5.00%, 8/01/28 |
1.46% | |
7) City of Orlando FL Series 2014A 5.00%, 11/01/44 (Prerefunded/ETM) |
1.35% | |
8) Wayne State University Series 2009A 5.00%, 11/15/29 |
1.35% | |
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 |
1.32% | |
Sector/Industry Breakdown |
Portfolio % | |
Revenue |
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Toll Roads/Transit |
12.21% | |
Airport |
9.89% | |
Health Care - Not-for-Profit |
9.63% | |
Higher Education - Public |
5.55% | |
Revenue - Miscellaneous |
4.58% | |
Electric Utility |
4.24% | |
Water & Sewer |
3.63% | |
Port |
1.48% | |
Prepay Energy |
0.70% | |
Higher Education - Private |
0.69% | |
Primary/Secondary Ed. - Public |
0.55% | |
Senior Living |
0.29% | |
SUBTOTAL |
53.44% | |
Tax Supported |
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Special Tax |
16.69% | |
State G.O. |
8.07% | |
Local G.O. |
6.76% | |
Tax-Supported State Lease |
2.64% | |
Tax-Supported Local Lease |
1.16% | |
SUBTOTAL |
35.32% | |
Prerefunded/ETM |
10.24% | |
Insured/Guaranteed |
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Guaranteed |
0.96% | |
SUBTOTAL |
0.96% | |
Cash Equivalents |
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Investment Companies |
0.04% | |
SUBTOTAL |
0.04% | |
Total |
100.00% | |
State Breakdown |
Portfolio % | |
New York |
17.50% | |
California |
13.68% | |
Texas |
9.55% | |
Illinois |
8.03% | |
Pennsylvania |
7.56% | |
Connecticut |
6.34% | |
Florida |
5.99% | |
New Jersey |
5.98% | |
Michigan |
5.40% | |
Massachusetts |
2.54% | |
Hawaii |
1.76% | |
Washington |
1.57% | |
Kentucky |
1.40% | |
North Carolina |
1.26% | |
Tennessee |
1.19% | |
Alabama |
1.13% | |
Colorado |
1.13% | |
Maryland |
1.07% | |
South Carolina |
1.04% | |
District of Columbia |
1.01% | |
Oregon |
0.82% | |
Georgia |
0.80% | |
Utah |
0.76% | |
Arizona |
0.70% | |
Minnesota |
0.46% | |
Arkansas |
0.33% | |
Ohio |
0.30% | |
Oklahoma |
0.27% | |
Indiana |
0.20% | |
Wisconsin |
0.11% | |
Louisiana |
0.08% | |
Other |
0.04% | |
Total Investments |
100.00% | |
Credit Quality Breakdown |
Portfolio % | |
AAA |
7.93% | |
AA |
41.62% | |
A |
27.29% | |
BBB |
11.49% | |
BB |
0.29% | |
B |
0.27% | |
Not Rated |
0.83% | |
Pre-refunded Bonds |
10.24% | |
Short-Term Investments |
0.04% | |
Total Investments |
100.00% | |
Bonds By Maturity |
Portfolio % | |
Less than 1 year |
0.04% | |
1 to 5 years |
1.39% | |
5 to 10 years |
9.17% | |
10 to 20 years |
66.08% | |
20 to 30 years |
23.09% | |
More Than 30 years |
0.23% | |
Other |
0.00% | |
Total Investments |
100.00% | |
Portfolio Statistics: |
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AMT Percent: |
9.71% | |
Average Coupon: |
5.25% | |
Percentage of Leverage: |
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Bank Borrowing: |
0.00% | |
Investment Operations: |
0.89% | |
Auction Preferred Shares (APS): |
14.19% | |
Tender Option Bonds: |
4.04% | |
Variable Rate MuniFund Term Preferred Shares (VMTPs): |
21.73% | |
Total Fund Leverage: |
40.85%* | |
Average Effective Maturity: |
5.87 Years | |
Effective Duration: |
5.39 Years | |
Total Net Assets: |
$515.87 Million** | |
Common Stock Net Asset Value: |
$14.74 | |
Number of Holdings: |
170 | |
Portfolio Turnover: |
14% | |
* The total percentage of leverage constitutes 4.04% through the use of tender option bonds, 14.19% in issued and outstanding APS,21.73% in issued and outstanding VMTPs and 0.890% 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. |
SOURCE AllianceBernstein National Municipal Income Fund