AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update
NEW YORK, Sept. 27, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 31, 2022.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Metropolitan Transportation Authority Series 2016-2 5.25%, 11/15/35 |
2.52 % |
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2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/29 |
2.27 % |
|
3) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46 |
1.73 % |
|
4) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42 |
1.71 % |
|
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
1.68 % |
|
6) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
1.68 % |
|
7) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
1.67 % |
|
8) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30 |
1.66 % |
|
9) Miami Beach Health Facilities Authority Series 2014 5.00%, 11/15/39 |
1.53 % |
|
10) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41 |
1.51 % |
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Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Health Care - Not-for-Profit |
22.37 % |
|
Toll Roads/Transit |
8.09 % |
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Airport |
7.80 % |
|
Revenue - Miscellaneous |
5.80 % |
|
Electric Utility |
5.30 % |
|
Higher Education - Private |
2.88 % |
|
Industrial Development - Industry |
2.85 % |
|
Tobacco Securitization |
2.76 % |
|
Prepay Energy |
2.56 % |
|
Water & Sewer |
2.27 % |
|
Primary/Secondary Ed. - Public |
1.54 % |
|
Port |
1.51 % |
|
Industrial Development - Utility |
0.50 % |
|
Higher Education - Public |
0.48 % |
|
Senior Living |
0.24 % |
|
SUBTOTAL |
66.95 % |
|
Tax Supported |
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Special Tax |
16.74 % |
|
State G.O. |
7.99 % |
|
Local G.O. |
1.87 % |
|
State Lease |
1.14 % |
|
SUBTOTAL |
27.74 % |
|
Prerefunded/ETM |
4.04 % |
|
Commercial Mortgage-Backed Securities |
0.92 % |
|
Cash & Cash Equivalents |
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Funds and Investment Trusts |
0.20 % |
|
SUBTOTAL |
0.20 % |
|
Asset-Backed |
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Housing - Multi-Family |
0.15 % |
|
SUBTOTAL |
0.15 % |
|
Total |
100.00 % |
|
State Breakdown |
Portfolio % |
|
Illinois |
11.70 % |
|
California |
10.52 % |
|
New York |
8.70 % |
|
Pennsylvania |
7.73 % |
|
New Jersey |
6.20 % |
|
Wisconsin |
6.19 % |
|
Florida |
5.47 % |
|
Connecticut |
4.86 % |
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Texas |
3.92 % |
|
South Carolina |
3.03 % |
|
Michigan |
2.99 % |
|
Alabama |
2.64 % |
|
Virginia |
2.22 % |
|
Ohio |
2.13 % |
|
Colorado |
1.85 % |
|
Oklahoma |
1.72 % |
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Nebraska |
1.71 % |
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Georgia |
1.68 % |
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North Carolina |
1.58 % |
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Minnesota |
1.46 % |
|
Tennessee |
1.45 % |
|
Arizona |
1.41 % |
|
Utah |
1.17 % |
|
Maryland |
1.10 % |
|
District of Columbia |
1.00 % |
|
Iowa |
0.97 % |
|
Kansas |
0.83 % |
|
West Virginia |
0.65 % |
|
New Hampshire |
0.59 % |
|
Puerto Rico |
0.51 % |
|
Indiana |
0.46 % |
|
Hawaii |
0.42 % |
|
Arkansas |
0.33 % |
|
Louisiana |
0.18 % |
|
Washington |
0.15 % |
|
Massachusetts |
0.13 % |
|
South Dakota |
0.13 % |
|
Kentucky |
0.02 % |
|
Other |
0.20 % |
|
Total Investments |
100.00 % |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
4.75 % |
|
AA |
29.74 % |
|
A |
33.38 % |
|
BBB |
23.81 % |
|
BB |
3.12 % |
|
D |
0.21 % |
|
Not Rated |
0.75 % |
|
Pre-refunded Bonds |
4.04 % |
|
Short Term Investments |
0.20 % |
|
Total |
100.00 % |
|
Bonds by Maturity |
Portfolio % |
|
Less than 1 Year |
0.46 % |
|
1 To 5 Years |
5.87 % |
|
5 To 10 Years |
15.40 % |
|
10 To 20 Years |
31.51 % |
|
20 To 30 Years |
37.36 % |
|
More than 30 Years |
9.40 % |
|
Other |
0.00 % |
|
Total Net Assets |
100.00 % |
|
Portfolio Statistics: |
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AMT Percent: |
12.83 % |
|
Average Coupon: |
4.60 % |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00 % |
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Investment Operations: |
0.00 % |
|
Auction Preferred Shares (APS): |
0.00 % |
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Tender Option Bonds: |
4.41 % |
|
VMTP Shares: |
39.05 % |
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Total Fund Leverage: |
43.46%* |
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Average Maturity: |
7.50 Years |
|
Effective Duration: |
5.83 Years |
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Total Net Assets: |
$362.38 Million** |
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Common Stock Net Asset Value: |
$12.61 |
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Total Number of Holdings: |
190 |
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Portfolio Turnover: |
5.00 % |
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* The total percentage of leverage constitutes 4.41% through the use of tender option bonds, 39.05% in issued and outstanding VMTPs and 0.00% in investment operations, |
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** 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 |
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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 |
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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