NEW YORK, Nov. 28, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 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 | 2.79 % | |
2) Melissa Independent School District Series 2023 4.25%, 02/01/53 | 2.03 % | |
3) Denton Independent School District Series 2023 5.00%, 08/15/48 | 1.89 % | |
4) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 | 1.88 % | |
5) City of New York NY Series 2023 4.125%, 08/01/53 | 1.78 % | |
6) Detroit City School District Series 2001-A 6.00%, 05/01/29 | 1.75 % | |
7) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 | 1.74 % | |
8) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 | 1.73 % | |
9) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46 | 1.64 % | |
10) City of El Paso TX Series 2021-C 4.00%, 08/15/47 | 1.60 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 14.52 % | |
Revenue - Miscellaneous | 7.61 % | |
Airport | 7.41 % | |
Prepay Energy | 5.75 % | |
Toll Roads/Transit | 4.82 % | |
Higher Education - Private | 3.29 % | |
Electric Utility | 3.24 % | |
Industrial Development - Industry | 2.81 % | |
Tobacco Securitization | 2.09 % | |
Primary/Secondary Ed. - Public | 1.75 % | |
Port | 0.86 % | |
Industrial Development - Utility | 0.56 % | |
Water & Sewer | 0.42 % | |
Senior Living | 0.23 % | |
SUBTOTAL | 55.36 % | |
Tax Supported | ||
Local G.O. | 18.07 % | |
State G.O. | 7.93 % | |
Special Tax | 7.68 % | |
State Lease | 0.61 % | |
Assessment District | 0.18 % | |
SUBTOTAL | 34.47 % | |
Insured/Guaranteed | ||
Guaranteed | 4.38 % | |
SUBTOTAL | 4.38 % | |
Commercial Mortgage-Backed Securities | 2.24 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 1.81 % | |
SUBTOTAL | 1.81 % | |
Prerefunded/ETM | 1.74 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
Texas | 10.17 % | |
Illinois | 10.08 % | |
New York | 7.09 % | |
California | 6.92 % | |
Michigan | 6.77 % | |
Florida | 5.89 % | |
Wisconsin | 5.62 % | |
New Jersey | 5.15 % | |
Pennsylvania | 4.94 % | |
South Carolina | 3.20 % | |
Louisiana | 3.00 % | |
Massachusetts | 2.85 % | |
Arizona | 2.44 % | |
Georgia | 2.33 % | |
New Hampshire | 2.05 % | |
Washington | 1.91 % | |
Ohio | 1.90 % | |
Nebraska | 1.67 % | |
Minnesota | 1.58 % | |
Oklahoma | 1.55 % | |
North Carolina | 1.53 % | |
Nevada | 1.47 % | |
Virginia | 1.39 % | |
Colorado | 1.37 % | |
Utah | 1.25 % | |
Iowa | 0.98 % | |
West Virginia | 0.68 % | |
Indiana | 0.45 % | |
Maryland | 0.39 % | |
Arkansas | 0.36 % | |
North Dakota | 0.35 % | |
Oregon | 0.19 % | |
Connecticut | 0.18 % | |
Alabama | 0.16 % | |
South Dakota | 0.13 % | |
Puerto Rico | 0.10 % | |
Tennessee | 0.07 % | |
Kentucky | 0.03 % | |
Other | 1.81 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 7.89 % | |
AA | 32.41 % | |
A | 32.67 % | |
BBB | 18.17 % | |
BB | 3.59 % | |
B | 0.57 % | |
CCC | 0.12 % | |
D | 0.24 % | |
Not Rated | 0.79 % | |
Pre-refunded Bonds | 1.74 % | |
Short Term Investments | 1.81 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 3.49 % | |
1 To 5 Years | 1.33 % | |
5 To 10 Years | 9.97 % | |
10 To 20 Years | 22.45 % | |
20 To 30 Years | 49.89 % | |
More than 30 Years | 12.87 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 13.71 % | |
Average Coupon: | 4.47 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 0.00 % | |
Auction Preferred Shares (APS): | 0.00 % | |
Tender Option Bonds: | 0.00 % | |
VMTP Shares: | 43.25 % | |
Total Fund Leverage: | 43.25%* | |
Average Maturity: | 16.99 Years | |
Effective Duration: | 10.54 Years | |
Total Net Assets: | $311.65 Million** | |
Common Stock Net Asset Value: | $10.84 | |
Total Number of Holdings: | 176 | |
Portfolio Turnover: | 18.00 % |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 43.25% | ||
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. |
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.