NEW YORK, Nov. 28, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2023.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
| Portfolio % |
1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 |
| 2.79 % |
2) Melissa Independent School District Series 2023 4.25%, 02/01/53 |
| 2.03 % |
3) Denton Independent School District Series 2023 5.00%, 08/15/48 |
| 1.89 % |
4) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
| 1.88 % |
5) City of New York NY Series 2023 4.125%, 08/01/53 |
| 1.78 % |
6) Detroit City School District Series 2001-A 6.00%, 05/01/29 |
| 1.75 % |
7) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
| 1.74 % |
8) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
| 1.73 % |
9) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46 |
| 1.64 % |
10) City of El Paso TX Series 2021-C 4.00%, 08/15/47 |
| 1.60 % |
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Sector/Industry Breakdown |
| Portfolio % |
Revenue |
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Health Care - Not-for-Profit |
| 14.52 % |
Revenue - Miscellaneous |
| 7.61 % |
Airport |
| 7.41 % |
Prepay Energy |
| 5.75 % |
Toll Roads/Transit |
| 4.82 % |
Higher Education - Private |
| 3.29 % |
Electric Utility |
| 3.24 % |
Industrial Development - Industry |
| 2.81 % |
Tobacco Securitization |
| 2.09 % |
Primary/Secondary Ed. - Public |
| 1.75 % |
Port |
| 0.86 % |
Industrial Development - Utility |
| 0.56 % |
Water & Sewer |
| 0.42 % |
Senior Living |
| 0.23 % |
SUBTOTAL |
| 55.36 % |
Tax Supported |
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Local G.O. |
| 18.07 % |
State G.O. |
| 7.93 % |
Special Tax |
| 7.68 % |
State Lease |
| 0.61 % |
Assessment District |
| 0.18 % |
SUBTOTAL |
| 34.47 % |
Insured/Guaranteed |
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Guaranteed |
| 4.38 % |
SUBTOTAL |
| 4.38 % |
Commercial Mortgage-Backed Securities |
| 2.24 % |
Cash & Cash Equivalents |
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Funds and Investment Trusts |
| 1.81 % |
SUBTOTAL |
| 1.81 % |
Prerefunded/ETM |
| 1.74 % |
Total |
| 100.00 % |
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State Breakdown |
| Portfolio % |
Texas |
| 10.17 % |
Illinois |
| 10.08 % |
New York |
| 7.09 % |
California |
| 6.92 % |
Michigan |
| 6.77 % |
Florida |
| 5.89 % |
Wisconsin |
| 5.62 % |
New Jersey |
| 5.15 % |
Pennsylvania |
| 4.94 % |
South Carolina |
| 3.20 % |
Louisiana |
| 3.00 % |
Massachusetts |
| 2.85 % |
Arizona |
| 2.44 % |
Georgia |
| 2.33 % |
New Hampshire |
| 2.05 % |
Washington |
| 1.91 % |
Ohio |
| 1.90 % |
Nebraska |
| 1.67 % |
Minnesota |
| 1.58 % |
Oklahoma |
| 1.55 % |
North Carolina |
| 1.53 % |
Nevada |
| 1.47 % |
Virginia |
| 1.39 % |
Colorado |
| 1.37 % |
Utah |
| 1.25 % |
Iowa |
| 0.98 % |
West Virginia |
| 0.68 % |
Indiana |
| 0.45 % |
Maryland |
| 0.39 % |
Arkansas |
| 0.36 % |
North Dakota |
| 0.35 % |
Oregon |
| 0.19 % |
Connecticut |
| 0.18 % |
Alabama |
| 0.16 % |
South Dakota |
| 0.13 % |
Puerto Rico |
| 0.10 % |
Tennessee |
| 0.07 % |
Kentucky |
| 0.03 % |
Other |
| 1.81 % |
Total Investments |
| 100.00 % |
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Credit Quality Breakdown |
| Portfolio % |
AAA |
| 7.89 % |
AA |
| 32.41 % |
A |
| 32.67 % |
BBB |
| 18.17 % |
BB |
| 3.59 % |
B |
| 0.57 % |
CCC |
| 0.12 % |
D |
| 0.24 % |
Not Rated |
| 0.79 % |
Pre-refunded Bonds |
| 1.74 % |
Short Term Investments |
| 1.81 % |
Total |
| 100.00 % |
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Bonds by Maturity |
| Portfolio % |
Less than 1 Year |
| 3.49 % |
1 To 5 Years |
| 1.33 % |
5 To 10 Years |
| 9.97 % |
10 To 20 Years |
| 22.45 % |
20 To 30 Years |
| 49.89 % |
More than 30 Years |
| 12.87 % |
Other |
| 0.00 % |
Total Net Assets |
| 100.00 % |
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Portfolio Statistics: |
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AMT Percent: |
| 13.71 % |
Average Coupon: |
| 4.47 % |
Percentage of Leverage: |
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Bank Borrowing: |
| 0.00 % |
Investment Operations: |
| 0.00 % |
Auction Preferred Shares (APS): |
| 0.00 % |
Tender Option Bonds: |
| 0.00 % |
VMTP Shares: |
| 43.25 % |
Total Fund Leverage: |
| 43.25%* |
Average Maturity: |
| 16.99 Years |
Effective Duration: |
| 10.54 Years |
Total Net Assets: |
| $311.65 Million** |
Common Stock Net Asset Value: |
| $10.84 |
Total Number of Holdings: |
| 176 |
Portfolio Turnover: |
| 18.00 % |
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* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 43.25% |
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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. |
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** The Fund also had outstanding $232,125,000 of VMTPs at liquidation value, which is not included |
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in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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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.