AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
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.
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.
