AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update
NEW YORK, Nov. 21, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2022.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/29 |
2.46 % |
|
2) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46 |
1.80 % |
|
3) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30 |
1.79 % |
|
4) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
1.73 % |
|
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
1.73 % |
|
6) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42 |
1.70 % |
|
7) Miami Beach Health Facilities Authority Series 2014 5.00%, 11/15/39 |
1.60 % |
|
8) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.00%, 06/01/46 |
1.53 % |
|
9) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41 |
1.48 % |
|
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
1.45 % |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Health Care - Not-for-Profit |
23.66 % |
|
Airport |
9.00 % |
|
Toll Roads/Transit |
6.49 % |
|
Revenue - Miscellaneous |
6.24 % |
|
Electric Utility |
5.56 % |
|
Higher Education - Private |
2.82 % |
|
Tobacco Securitization |
2.72 % |
|
Water & Sewer |
2.63 % |
|
Prepay Energy |
2.60 % |
|
Industrial Development - Industry |
2.57 % |
|
Primary/Secondary Ed. - Public |
2.23 % |
|
Port |
1.51 % |
|
Higher Education - Public |
0.52 % |
|
Industrial Development - Utility |
0.51 % |
|
Senior Living |
0.24 % |
|
SUBTOTAL |
69.30 % |
|
Tax Supported |
||
Special Tax |
14.33 % |
|
State G.O. |
8.36 % |
|
Local G.O. |
1.40 % |
|
State Lease |
1.18 % |
|
SUBTOTAL |
25.27 % |
|
Prerefunded/ETM |
3.66 % |
|
Commercial Mortgage-Backed Securities |
1.55 % |
|
Cash & Cash Equivalents |
||
Funds and Investment Trusts |
0.22 % |
|
SUBTOTAL |
0.22 % |
|
Total |
100.00 % |
|
State Breakdown |
Portfolio % |
|
Illinois |
12.24 % |
|
California |
11.10 % |
|
Pennsylvania |
6.98 % |
|
New Jersey |
6.58 % |
|
New York |
6.45 % |
|
Wisconsin |
5.97 % |
|
Florida |
5.96 % |
|
Connecticut |
5.23 % |
|
Texas |
3.44 % |
|
Michigan |
3.11 % |
|
South Carolina |
3.09 % |
|
Alabama |
2.75 % |
|
Virginia |
2.15 % |
|
Ohio |
2.08 % |
|
Colorado |
1.93 % |
|
Oklahoma |
1.74 % |
|
Georgia |
1.70 % |
|
Nebraska |
1.70 % |
|
Minnesota |
1.62 % |
|
North Carolina |
1.62 % |
|
Maryland |
1.49 % |
|
Arizona |
1.44 % |
|
Tennessee |
1.44 % |
|
New Hampshire |
1.40 % |
|
Utah |
1.18 % |
|
District of Columbia |
1.07 % |
|
Iowa |
0.90 % |
|
Kansas |
0.86 % |
|
West Virginia |
0.64 % |
|
Indiana |
0.45 % |
|
Hawaii |
0.42 % |
|
Arkansas |
0.36 % |
|
Louisiana |
0.19 % |
|
Washington |
0.15 % |
|
Massachusetts |
0.12 % |
|
South Dakota |
0.12 % |
|
Puerto Rico |
0.09 % |
|
Kentucky |
0.02 % |
|
Other |
0.22 % |
|
Total Investments |
100.00 % |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
5.27 % |
|
AA |
26.81 % |
|
A |
35.17 % |
|
BBB |
25.11 % |
|
BB |
3.20 % |
|
D |
0.23 % |
|
Not Rated |
0.33 % |
|
Pre-refunded Bonds |
3.66 % |
|
Short Term Investments |
0.22 % |
|
Total |
100.00 % |
|
Bonds by Maturity |
Portfolio % |
|
Less than 1 Year |
0.50 % |
|
1 To 5 Years |
5.82 % |
|
5 To 10 Years |
15.83 % |
|
10 To 20 Years |
30.26 % |
|
20 To 30 Years |
37.04 % |
|
More than 30 Years |
10.55 % |
|
Other |
0.00 % |
|
Total Net Assets |
100.00 % |
|
Portfolio Statistics: |
||
AMT Percent: |
13.73 % |
|
Average Coupon: |
4.58 % |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00 % |
|
Investment Operations: |
-0.08 % |
|
Auction Preferred Shares (APS): |
0.00 % |
|
Tender Option Bonds: |
2.82 % |
|
VMTP Shares: |
42.33 % |
|
Total Fund Leverage: |
45.07%* |
|
Average Maturity: |
14.76 Years |
|
Effective Duration: |
8.46 Years |
|
Total Net Assets: |
$324.49 Million** |
|
Common Stock Net Asset Value: |
$11.29 |
|
Total Number of Holdings: |
192 |
|
Portfolio Turnover: |
5.00 % |
* The total percentage of leverage constitutes 2.82% through the use of tender option bonds, 42.33% in issued and outstanding VMTPs and -0.08% 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.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article