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.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46
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2.72 %
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2) City of New York NY Series 2023 4.125%, 08/01/53
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1.86 %
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3) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53
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1.86 %
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4) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46
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1.78 %
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5) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58
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1.77 %
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6) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48
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1.75 %
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7) Detroit City School District Series 2001-A 6.00%, 05/01/29
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1.68 %
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8) City of El Paso TX Series 2021-C 4.00%, 08/15/47
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1.68 %
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9) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46
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1.62 %
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10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62
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1.61 %
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Health Care - Not-for-Profit
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17.95 %
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Airport
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9.74 %
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Revenue - Miscellaneous
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7.83 %
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Toll Roads/Transit
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6.27 %
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Electric Utility
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3.22 %
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Prepay Energy
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2.99 %
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Tobacco Securitization
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2.94 %
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Higher Education - Private
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2.77 %
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Industrial Development - Industry
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2.63 %
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Primary/Secondary Ed. - Public
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2.33 %
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Port
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0.89 %
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Industrial Development - Utility
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0.53 %
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Water & Sewer
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0.40 %
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Senior Living
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0.23 %
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SUBTOTAL
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60.72 %
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Tax Supported
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Local G.O.
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15.24 %
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Special Tax
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9.77 %
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State G.O.
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7.36 %
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State Lease
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0.59 %
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SUBTOTAL
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32.96 %
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Prerefunded/ETM
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3.28 %
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Commercial Mortgage-Backed Securities
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1.60 %
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Insured/Guaranteed
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Guaranteed
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0.48 %
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SUBTOTAL
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0.48 %
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Cash & Cash Equivalents
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Funds and Investment Trusts
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0.48 %
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SUBTOTAL
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0.48 %
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Asset-Backed
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Housing - Multi-Family
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0.48 %
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SUBTOTAL
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0.48 %
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Total
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100.00 %
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State Breakdown
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Portfolio %
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Illinois
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11.58 %
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New York
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7.60 %
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Pennsylvania
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7.51 %
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Florida
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6.95 %
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New Jersey
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6.47 %
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Michigan
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6.08 %
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Wisconsin
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6.03 %
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California
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5.59 %
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Texas
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4.26 %
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South Carolina
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3.13 %
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Louisiana
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2.92 %
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Georgia
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2.51 %
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North Carolina
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2.40 %
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Virginia
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2.33 %
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Ohio
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2.24 %
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Alabama
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1.95 %
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Arizona
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1.95 %
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Massachusetts
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1.86 %
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Minnesota
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1.70 %
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Maryland
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1.56 %
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Oklahoma
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1.53 %
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New Hampshire
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1.46 %
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Nevada
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1.43 %
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Colorado
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1.29 %
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Utah
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1.24 %
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Iowa
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1.01 %
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Nebraska
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0.89 %
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West Virginia
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0.68 %
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Connecticut
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0.62 %
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Indiana
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0.46 %
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Hawaii
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0.44 %
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Arkansas
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0.35 %
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Washington
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0.30 %
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Oregon
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0.21 %
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District of Columbia
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0.18 %
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South Dakota
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0.13 %
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Puerto Rico
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0.10 %
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Tennessee
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0.07 %
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Kentucky
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0.03 %
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Other
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0.96 %
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Total Investments
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100.00 %
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Credit Quality Breakdown
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Portfolio %
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AAA
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3.15 %
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AA
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33.84 %
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A
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35.32 %
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BBB
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19.87 %
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BB
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2.51 %
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B
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0.98 %
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D
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0.23 %
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Not Rated
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0.34 %
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Pre-refunded Bonds
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3.28 %
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Short Term Investments
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0.48 %
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Total
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100.00 %
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Bonds by Maturity
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Portfolio %
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Less than 1 Year
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2.28 %
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1 To 5 Years
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4.02 %
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5 To 10 Years
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7.68 %
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10 To 20 Years
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27.76 %
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20 To 30 Years
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45.82 %
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More than 30 Years
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12.44 %
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Other
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0.00 %
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Total Net Assets
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100.00 %
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Portfolio Statistics:
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AMT Percent:
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15.60 %
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Average Coupon:
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4.45 %
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Percentage of Leverage:
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Bank Borrowing:
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0.00 %
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Investment Operations:
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0.00 %
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Auction Preferred Shares (APS):
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0.00 %
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Tender Option Bonds:
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0.00 %
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VMTP Shares:
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40.45 %
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Total Fund Leverage:
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40.45%*
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Average Maturity:
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12.66 Years
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Effective Duration:
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8.05 Years
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Total Net Assets:
|
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$346.65 Million**
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Common Stock Net Asset Value:
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$12.06
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Total Number of Holdings:
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181
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Portfolio Turnover:
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18.00 %
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* 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.
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-301939375.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
