September 19, 2021
  • September 19, 2021
  • Home
  • Monthly income
  • AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update | New

AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update | New

By on August 23, 2021 0

NEW YORK, 23 Aug 2021 / PRNewswire / – AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the “Fund”) today published its monthly portfolio update dated July 31, 2021.

AllianceBernstein National Municipal Income Fund, Inc.

Top 10 Fixed Income

Wallet %

1) Metropolitan Transportation Authority (Metropolitan Transportation Authority Ded Tax) Series 2016A 5.25%,

2.47%

2) Central Plains Energy Project (Goldman Sachs Group, Inc. (The)) Series 2017A 5.00%, 1/9/42

2.15%

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

2.09%

4) Jefferson County Board of Education / AL Series 2018 5.00%, 01/2/46

1.75%

5) Wisconsin Public Finance Authority AGA Series 2018 5.00%, 1/7/58

1.70%

6) Detroit Downtown Development Authority AGA Series 2018A 5.00%, 1/7/48

1.58%

7) Metropolitan Pier & Exposition Authority Series 2020 5.00%, 06/15/50

1.55%

8) Los Angeles Department of Water & Power Power System Revenue Series 2013B 5.00%, 1/7/30

1.54%

9) Tobacco Settlement Financing Corp./NJ Series 2018A 5.00%, 6/01/46

1.54%

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

1.46%

Breakdown by sector / industry

Wallet %

Returned

Healthcare – Not-for-profit

22.06%

Airport

8.03%

Toll / transit roads

6.31%

Electric utility

5.23%

Income – Miscellaneous

4.68%

Prepay for energy

2.79%

Water and sewage

2.12%

Tobacco securitization

1.54%

Higher education – Public

1.00%

Higher education – Private

0.93%

Ed. primary / secondary – Public

0.93%

Harbor

0.69%

Industrial development – Utility

0.46%

Retirement home

0.26%

Industrial development – Industry

0.19%

TOTAL

57.22%

Tax paid

Special tax

17.74%

GO state

7.72%

Local GO

2.48%

State lease financed by tax

2.44%

Assessment district

2.06%

Local lease financed by taxes

0.55%

TOTAL

32.99%

Prepaid / ETM

8.82%

Asset-backed

Housing – Multifamily

0.66%

TOTAL

0.66%

Cash equivalents

Investment companies

0.31%

TOTAL

0.31%

Total

100.00%

State breakdown

Wallet %

new York

11.40%

California

10.62%

Illinois

10.38%

New Jersey

8.16%

Pennsylvania

7.69%

Florida

5.38%

Connecticut

5.31%

Texas

4.36%

Michigan

3.77%

Caroline from the south

3.09%

Wisconsin

2.93%

Alabama

2.44%

Nebraska

2.15%

Colorado

1.82%

Oklahoma

1.80%

Georgia

1.63%

North Carolina

1.59%

Minnesota

1.52%

Massachusetts

1.39%

Tennessee

1.39%

Arizona

1.30%

Utah

1.20%

Maryland

1.08%

Ohio

1.05%

District of Colombia

0.94%

Kansas

0.87%

Guam

0.83%

Kentucky

0.80%

West Virginia

0.67%

Porto Rico

0.53%

Hawaii

0.41%

Arkansas

0.32%

Indiana

0.19%

Iowa

0.19%

Louisiana

0.18%

Washington

0.17%

New Hampshire

0.14%

Other

0.31%

Total investments

100.00%

Breakdown of credit quality

Wallet %

AAA

5.73%

AA

30.84%

A

33.42%

BBB

18.80%

BB

2.24%

D

0.28%

Unclassified

0.79%

Pre-redeemed bonds

7.59%

Short term investments

0.31%

Total investments

100.00%

Bonds by maturity

Wallet %

Less than 1 year

0.31%

1 to 5 years

1.79%

5 to 10 years

22.97%

10 to 20 years

28.11%

20 to 30 years

35.96%

Over 30 years

4.93%

Other

5.93%

Total investments

100.00%

Portfolio statistics:

Percentage of AMT:

9.84%

Average Coupon:

5.03%

Percentage of leverage:

Bank loan :

0.00%

Investment operations:

0.33%

Preferred shares at auction (APS):

0.00%

Purchase option bonds:

3.88%

MuniFund Variable Rate Term Preferred Shares (VMTP):

34.33%

Total fund leverage:

38.54% *

Average effective maturity:

4.66 years

Effective duration:

4.28 years

Total net assets:

$ 451.76 million **

Net asset value of common shares:

$ 15.72

Number of titles:

184

Portfolio turnover:

6%

* The total percentage of leverage constitutes 3.88% through the use of call option bonds, 34.33% in issued and outstanding VMTPs and 0.330% 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 date of issue securities.

** The Fund also had VMTP outstanding of $ 232,125,000 at liquidation value, which is not included in total net assets as it is treated as a liability for financial reporting purposes.

The foregoing portfolio characteristics are as of the date indicated and are subject to change. The Fund is a United States registered closed-end management investment company advised by AllianceBernstein LP

Show original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal- Income-fund-releases-monthly-portfolio-update-301360778.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.


Source link

Leave a comment

Your email address will not be published. Required fields are marked *