NEW YORK, Sept. 26, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 31, 2023.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings |
| Portfolio % |
1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 |
| 2.72 % |
2) City of New York NY Series 2023 4.125%, 08/01/53 |
| 1.86 % |
3) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
| 1.86 % |
4) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46 |
| 1.78 % |
5) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
| 1.77 % |
6) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
| 1.75 % |
7) Detroit City School District Series 2001-A 6.00%, 05/01/29 |
| 1.68 % |
8) City of El Paso TX Series 2021-C 4.00%, 08/15/47 |
| 1.68 % |
9) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46 |
| 1.62 % |
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
| 1.61 % |
|
|
|
Sector/Industry Breakdown |
| Portfolio % |
Revenue |
|
|
Health Care - Not-for-Profit |
| 17.95 % |
Airport |
| 9.74 % |
Revenue - Miscellaneous |
| 7.83 % |
Toll Roads/Transit |
| 6.27 % |
Electric Utility |
| 3.22 % |
Prepay Energy |
| 2.99 % |
Tobacco Securitization |
| 2.94 % |
Higher Education - Private |
| 2.77 % |
Industrial Development - Industry |
| 2.63 % |
Primary/Secondary Ed. - Public |
| 2.33 % |
Port |
| 0.89 % |
Industrial Development - Utility |
| 0.53 % |
Water & Sewer |
| 0.40 % |
Senior Living |
| 0.23 % |
SUBTOTAL |
| 60.72 % |
Tax Supported |
|
|
Local G.O. |
| 15.24 % |
Special Tax |
| 9.77 % |
State G.O. |
| 7.36 % |
State Lease |
| 0.59 % |
SUBTOTAL |
| 32.96 % |
Prerefunded/ETM |
| 3.28 % |
Commercial Mortgage-Backed Securities |
| 1.60 % |
Insured/Guaranteed |
|
|
Guaranteed |
| 0.48 % |
SUBTOTAL |
| 0.48 % |
Cash & Cash Equivalents |
|
|
Funds and Investment Trusts |
| 0.48 % |
SUBTOTAL |
| 0.48 % |
Asset-Backed |
|
|
Housing - Multi-Family |
| 0.48 % |
SUBTOTAL |
| 0.48 % |
Total |
| 100.00 % |
|
|
|
State Breakdown |
| Portfolio % |
Illinois |
| 11.58 % |
New York |
| 7.60 % |
Pennsylvania |
| 7.51 % |
Florida |
| 6.95 % |
New Jersey |
| 6.47 % |
Michigan |
| 6.08 % |
Wisconsin |
| 6.03 % |
California |
| 5.59 % |
Texas |
| 4.26 % |
South Carolina |
| 3.13 % |
Louisiana |
| 2.92 % |
Georgia |
| 2.51 % |
North Carolina |
| 2.40 % |
Virginia |
| 2.33 % |
Ohio |
| 2.24 % |
Alabama |
| 1.95 % |
Arizona |
| 1.95 % |
Massachusetts |
| 1.86 % |
Minnesota |
| 1.70 % |
Maryland |
| 1.56 % |
Oklahoma |
| 1.53 % |
New Hampshire |
| 1.46 % |
Nevada |
| 1.43 % |
Colorado |
| 1.29 % |
Utah |
| 1.24 % |
Iowa |
| 1.01 % |
Nebraska |
| 0.89 % |
West Virginia |
| 0.68 % |
Connecticut |
| 0.62 % |
Indiana |
| 0.46 % |
Hawaii |
| 0.44 % |
Arkansas |
| 0.35 % |
Washington |
| 0.30 % |
Oregon |
| 0.21 % |
District of Columbia |
| 0.18 % |
South Dakota |
| 0.13 % |
Puerto Rico |
| 0.10 % |
Tennessee |
| 0.07 % |
Kentucky |
| 0.03 % |
Other |
| 0.96 % |
Total Investments |
| 100.00 % |
|
|
|
Credit Quality Breakdown |
| Portfolio % |
AAA |
| 3.15 % |
AA |
| 33.84 % |
A |
| 35.32 % |
BBB |
| 19.87 % |
BB |
| 2.51 % |
B |
| 0.98 % |
D |
| 0.23 % |
Not Rated |
| 0.34 % |
Pre-refunded Bonds |
| 3.28 % |
Short Term Investments |
| 0.48 % |
Total |
| 100.00 % |
|
|
|
Bonds by Maturity |
| Portfolio % |
Less than 1 Year |
| 2.28 % |
1 To 5 Years |
| 4.02 % |
5 To 10 Years |
| 7.68 % |
10 To 20 Years |
| 27.76 % |
20 To 30 Years |
| 45.82 % |
More than 30 Years |
| 12.44 % |
Other |
| 0.00 % |
Total Net Assets |
| 100.00 % |
|
|
|
Portfolio Statistics: |
|
|
AMT Percent: |
| 15.60 % |
Average Coupon: |
| 4.45 % |
Percentage of Leverage: |
|
|
Bank Borrowing: |
| 0.00 % |
Investment Operations: |
| 0.00 % |
Auction Preferred Shares (APS): |
| 0.00 % |
Tender Option Bonds: |
| 0.00 % |
VMTP Shares: |
| 40.45 % |
Total Fund Leverage: |
| 40.45%* |
Average Maturity: |
| 12.66 Years |
Effective Duration: |
| 8.05 Years |
Total Net Assets: |
| $346.65 Million** |
Common Stock Net Asset Value: |
| $12.06 |
Total Number of Holdings: |
| 181 |
Portfolio Turnover: |
| 18.00 % |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.45% 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.
** The Fund also had outstanding $232,125,000 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, Inc.