NEW YORK, Oct. 24, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 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 |
| 2.75 % |
2) Melissa Independent School District Series 2023 4.25%, 02/01/53 |
| 2.08 % |
3) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
| 1.86 % |
4) City of New York NY Series 2023 4.125%, 08/01/53 |
| 1.77 % |
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
| 1.76 % |
6) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
| 1.76 % |
7) Detroit City School District Series 2001-A 6.00%, 05/01/29 |
| 1.71 % |
8) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46 |
| 1.63 % |
9) City of El Paso TX Series 2021-C 4.00%, 08/15/47 |
| 1.62 % |
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
| 1.55 % |
|
|
|
Sector/Industry Breakdown |
| Portfolio % |
Revenue |
|
|
Health Care - Not-for-Profit |
| 16.90 % |
Airport |
| 7.81 % |
Revenue - Miscellaneous |
| 7.78 % |
Toll Roads/Transit |
| 5.59 % |
Prepay Energy |
| 5.10 % |
Electric Utility |
| 4.05 % |
Higher Education - Private |
| 3.75 % |
Industrial Development - Industry |
| 2.83 % |
Tobacco Securitization |
| 2.09 % |
Primary/Secondary Ed. - Public |
| 1.72 % |
Port |
| 0.86 % |
Industrial Development - Utility |
| 0.56 % |
Water & Sewer |
| 0.41 % |
Senior Living |
| 0.23 % |
SUBTOTAL |
| 59.68 % |
Tax Supported |
|
|
Local G.O. |
| 16.91 % |
State G.O. |
| 8.49 % |
Special Tax |
| 7.69 % |
State Lease |
| 0.60 % |
Assessment District |
| 0.18 % |
SUBTOTAL |
| 33.87 % |
Insured/Guaranteed |
|
|
Guaranteed |
| 2.55 % |
SUBTOTAL |
| 2.55 % |
Commercial Mortgage-Backed Securities |
| 2.21 % |
Prerefunded/ETM |
| 1.69 % |
Total |
| 100.00 % |
|
|
|
State Breakdown |
| Portfolio % |
Illinois |
| 10.47 % |
Texas |
| 7.06 % |
New York |
| 6.99 % |
Michigan |
| 6.93 % |
Florida |
| 6.68 % |
California |
| 6.63 % |
Pennsylvania |
| 6.21 % |
Wisconsin |
| 5.61 % |
New Jersey |
| 5.06 % |
Georgia |
| 3.15 % |
South Carolina |
| 3.12 % |
Louisiana |
| 2.96 % |
Massachusetts |
| 2.84 % |
North Carolina |
| 2.41 % |
Ohio |
| 2.13 % |
New Hampshire |
| 2.03 % |
Washington |
| 1.89 % |
Nebraska |
| 1.78 % |
Arizona |
| 1.73 % |
Minnesota |
| 1.66 % |
Maryland |
| 1.57 % |
Oklahoma |
| 1.57 % |
Nevada |
| 1.49 % |
Colorado |
| 1.33 % |
Virginia |
| 1.26 % |
Utah |
| 1.24 % |
Iowa |
| 1.02 % |
West Virginia |
| 0.68 % |
Connecticut |
| 0.62 % |
Indiana |
| 0.46 % |
Arkansas |
| 0.36 % |
North Dakota |
| 0.36 % |
Oregon |
| 0.20 % |
Alabama |
| 0.17 % |
South Dakota |
| 0.13 % |
Puerto Rico |
| 0.10 % |
Tennessee |
| 0.07 % |
Kentucky |
| 0.03 % |
Total Investments |
| 100.00 % |
|
|
|
Credit Quality Breakdown |
| Portfolio % |
AAA |
| 6.68 % |
AA |
| 30.94 % |
A |
| 35.62 % |
BBB |
| 19.54 % |
BB |
| 4.09 % |
B |
| 0.41 % |
D |
| 0.24 % |
Not Rated |
| 0.79 % |
Pre-refunded Bonds |
| 1.69 % |
Total |
| 100.00 % |
|
|
|
Bonds by Maturity |
| Portfolio % |
Less than 1 Year |
| 1.63 % |
1 To 5 Years |
| 1.30 % |
5 To 10 Years |
| 9.01 % |
10 To 20 Years |
| 27.18 % |
20 To 30 Years |
| 48.52 % |
More than 30 Years |
| 12.36 % |
Other |
| 0.00 % |
Total Net Assets |
| 100.00 % |
|
|
|
Portfolio Statistics: |
|
|
AMT Percent: |
| 14.72 % |
Average Coupon: |
| 4.60 % |
Percentage of Leverage: |
|
|
Bank Borrowing: |
| 0.00 % |
Investment Operations: |
| 0.18 % |
Auction Preferred Shares (APS): |
| 0.00 % |
Tender Option Bonds: |
| 0.00 % |
VMTP Shares: |
| 42.20 % |
Total Fund Leverage: |
| 42.38%* |
Average Maturity: |
| 7.50 Years |
Effective Duration: |
| 10.41 Years |
Total Net Assets: |
| $324.92 Million** |
Common Stock Net Asset Value: |
| $11.30 |
Total Number of Holdings: |
| 182 |
Portfolio Turnover: |
| 18.00 % |
|
|
|
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 42.20% |
|
|
in issued and outstanding VMTPs and 0.18% 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.
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-301966128.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.