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.
SOURCE AllianceBernstein National Municipal Income Fund, Inc.