AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 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 |
2.42 % |
|
2) Detroit City School District Series 2001-A 6.00%, 05/01/29 |
1.86 % |
|
3) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46 |
1.82 % |
|
4) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
1.77 % |
|
5) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30 |
1.76 % |
|
6) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42 |
1.75 % |
|
7) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
1.75 % |
|
8) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41 |
1.58 % |
|
9) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
1.58 % |
|
10) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46 |
1.58 % |
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Health Care - Not-for-Profit |
19.69 % |
|
Airport |
9.28 % |
|
Revenue - Miscellaneous |
7.86 % |
|
Toll Roads/Transit |
5.74 % |
|
Electric Utility |
5.61 % |
|
Higher Education - Private |
2.98 % |
|
Tobacco Securitization |
2.85 % |
|
Industrial Development - Industry |
2.61 % |
|
Water & Sewer |
2.60 % |
|
Prepay Energy |
2.39 % |
|
Primary/Secondary Ed. - Public |
2.31 % |
|
Port |
0.83 % |
|
Industrial Development - Utility |
0.54 % |
|
Higher Education - Public |
0.51 % |
|
Senior Living |
0.24 % |
|
SUBTOTAL |
66.04 % |
|
Tax Supported |
||
Special Tax |
12.51 % |
|
State G.O. |
8.33 % |
|
Local G.O. |
5.08 % |
|
State Lease |
1.21 % |
|
SUBTOTAL |
27.13 % |
|
Prerefunded/ETM |
3.65 % |
|
Commercial Mortgage-Backed Securities |
1.61 % |
|
Cash & Cash Equivalents |
||
Funds and Investment Trusts |
1.57 % |
|
SUBTOTAL |
1.57 % |
|
Total |
100.00 % |
State Breakdown |
Portfolio % |
|
Illinois |
11.59 % |
|
California |
9.57 % |
|
New Jersey |
8.19 % |
|
Pennsylvania |
7.00 % |
|
New York |
6.17 % |
|
Wisconsin |
6.00 % |
|
Connecticut |
5.17 % |
|
Michigan |
4.99 % |
|
Florida |
4.53 % |
|
Texas |
3.71 % |
|
South Carolina |
3.17 % |
|
Virginia |
2.31 % |
|
Ohio |
2.19 % |
|
Alabama |
2.05 % |
|
Georgia |
1.75 % |
|
Nebraska |
1.75 % |
|
Minnesota |
1.69 % |
|
North Carolina |
1.69 % |
|
Maryland |
1.55 % |
|
Oklahoma |
1.55 % |
|
New Hampshire |
1.48 % |
|
Colorado |
1.31 % |
|
Utah |
1.23 % |
|
Arizona |
1.06 % |
|
District of Columbia |
1.06 % |
|
Iowa |
0.96 % |
|
Kansas |
0.89 % |
|
Hawaii |
0.83 % |
|
West Virginia |
0.68 % |
|
Washington |
0.52 % |
|
Louisiana |
0.50 % |
|
Indiana |
0.48 % |
|
Arkansas |
0.35 % |
|
Massachusetts |
0.13 % |
|
South Dakota |
0.13 % |
|
Puerto Rico |
0.10 % |
|
Tennessee |
0.07 % |
|
Kentucky |
0.03 % |
|
Other |
1.57 % |
|
Total Investments |
100.00 % |
Credit Quality Breakdown |
Portfolio % |
|
AAA |
3.66 % |
|
AA |
32.06 % |
|
A |
31.05 % |
|
BBB |
23.23 % |
|
BB |
3.14 % |
|
D |
0.23 % |
|
Not Rated |
0.34 % |
|
Pre-refunded Bonds |
3.65 % |
|
Short Term Investments |
2.64 % |
|
Total |
100.00 % |
Bonds by Maturity |
Portfolio % |
|
Less than 1 Year |
3.50 % |
|
1 To 5 Years |
6.85 % |
|
5 To 10 Years |
17.56 % |
|
10 To 20 Years |
24.93 % |
|
20 To 30 Years |
34.87 % |
|
More than 30 Years |
12.29 % |
|
Other |
0.00 % |
|
Total Net Assets |
100.00 % |
Portfolio Statistics: |
||
AMT Percent: |
14.12 % |
|
Average Coupon: |
4.49 % |
|
Percentage of Leverage: |
||
Bank Borrowing: |
0.00 % |
|
Investment Operations: |
0.00 % |
|
Auction Preferred Shares (APS): |
0.00 % |
|
Tender Option Bonds: |
0.00 % |
|
VMTP Shares: |
40.57 % |
|
Total Fund Leverage: |
40.57%* |
|
Average Maturity: |
9.45 Years |
|
Effective Duration: |
6.52 Years |
|
Total Net Assets: |
$347.19 Million** |
|
Common Stock Net Asset Value: |
$12.08 |
|
Total Number of Holdings: |
185 |
|
Portfolio Turnover: |
18.00 % |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.57% 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.
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