NEW YORK, Dec. 26, 2023 /PRNewswire/ — AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the “Fund”) today released its monthly portfolio update as of November 30, 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 |
2.71 % |
|
|
2) Melissa Independent School District Series 2023 4.25%, 02/01/53 |
2.17 % |
|
|
3) City of New York NY Series 2023 4.125%, 08/01/53 |
1.91 % |
|
|
4) Denton Independent School District Series 2023 5.00%, 08/15/48 |
1.88 % |
|
|
5) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
1.86 % |
|
|
6) City of El Paso TX Series 2021-C 4.00%, 08/15/47 |
1.76 % |
|
|
7) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
1.76 % |
|
|
8) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 |
1.73 % |
|
|
9) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
1.68 % |
|
|
10) Detroit City School District Series 2001-A 6.00%, 05/01/29 |
1.67 % |
|
|
Sector/Industry Breakdown |
Portfolio % |
|
|
Revenue |
||
|
Health Care – Not-for-Profit |
14.76 % |
|
|
Revenue – Miscellaneous |
7.60 % |
|
|
Prepay Energy |
5.69 % |
|
|
Airport |
5.35 % |
|
|
Toll Roads/Transit |
4.27 % |
|
|
Higher Education – Private |
3.42 % |
|
|
Electric Utility |
3.24 % |
|
|
Industrial Development – Industry |
2.83 % |
|
|
Tobacco Securitization |
2.04 % |
|
|
Primary/Secondary Ed. – Public |
1.76 % |
|
|
Port |
0.88 % |
|
|
Industrial Development – Utility |
0.53 % |
|
|
Water & Sewer |
0.40 % |
|
|
Senior Living |
0.23 % |
|
|
SUBTOTAL |
53.00 % |
|
|
Tax Supported |
||
|
Local G.O. |
18.06 % |
|
|
Special Tax |
7.67 % |
|
|
State G.O. |
7.66 % |
|
|
State Lease |
0.59 % |
|
|
Assessment District |
0.18 % |
|
|
SUBTOTAL |
34.16 % |
|
|
Prerefunded/ETM |
4.55 % |
|
|
Insured/Guaranteed |
||
|
Guaranteed |
4.54 % |
|
|
SUBTOTAL |
4.54 % |
|
|
Commercial Mortgage-Backed Securities |
2.23 % |
|
|
Cash & Cash Equivalents |
||
|
Funds and Investment Trusts |
1.52 % |
|
|
SUBTOTAL |
1.52 % |
|
|
Total |
100.00 % |
|
|
State Breakdown |
Portfolio % |
|
|
Illinois |
10.10 % |
|
|
Texas |
10.02 % |
|
|
New York |
7.06 % |
|
|
California |
6.91 % |
|
|
Michigan |
6.26 % |
|
|
Florida |
6.01 % |
|
|
Wisconsin |
5.88 % |
|
|
Pennsylvania |
4.94 % |
|
|
New Jersey |
4.93 % |
|
|
Massachusetts |
3.79 % |
|
|
South Carolina |
3.11 % |
|
|
Louisiana |
2.91 % |
|
|
Arizona |
2.42 % |
|
|
Georgia |
2.31 % |
|
|
New Hampshire |
2.07 % |
|
|
Washington |
2.07 % |
|
|
Ohio |
1.92 % |
|
|
Minnesota |
1.64 % |
|
|
Nebraska |
1.63 % |
|
|
Nevada |
1.55 % |
|
|
Oklahoma |
1.53 % |
|
|
North Carolina |
1.49 % |
|
|
Virginia |
1.42 % |
|
|
Colorado |
1.28 % |
|
|
Utah |
1.23 % |
|
|
Iowa |
1.00 % |
|
|
West Virginia |
0.68 % |
|
|
Indiana |
0.49 % |
|
|
Maryland |
0.37 % |
|
|
North Dakota |
0.36 % |
|
|
Arkansas |
0.35 % |
|
|
Oregon |
0.21 % |
|
|
Connecticut |
0.18 % |
|
|
South Dakota |
0.13 % |
|
|
Puerto Rico |
0.10 % |
|
|
Tennessee |
0.07 % |
|
|
Alabama |
0.06 % |
|
|
Other |
1.52 % |
|
|
Total Investments |
100.00 % |
|
|
Credit Quality Breakdown |
Portfolio % |
|
|
AAA |
7.94 % |
|
|
AA |
31.63 % |
|
|
A |
31.06 % |
|
|
BBB |
17.88 % |
|
|
BB |
3.84 % |
|
|
B |
0.41 % |
|
|
CCC |
0.17 % |
|
|
D |
0.23 % |
|
|
Not Rated |
0.77 % |
|
|
Pre-refunded Bonds |
4.55 % |
|
|
Short Term Investments |
1.52 % |
|
|
Total |
100.00 % |
|
|
Bonds by Maturity |
Portfolio % |
|
|
Less than 1 Year |
6.00 % |
|
|
1 To 5 Years |
2.17 % |
|
|
5 To 10 Years |
6.24 % |
|
|
10 To 20 Years |
20.68 % |
|
|
20 To 30 Years |
51.50 % |
|
|
More than 30 Years |
13.41 % |
|
|
Other |
0.00 % |
|
|
Total Net Assets |
100.00 % |
|
|
Portfolio Statistics: |
||
|
AMT Percent: |
13.25 % |
|
|
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: |
40.10 % |
|
|
Total Fund Leverage: |
40.10%* |
|
|
Average Maturity: |
10.76 Years |
|
|
Effective Duration: |
7.52 Years |
|
|
Total Net Assets: |
$353.93 Million** |
|
|
Common Stock Net Asset Value: |
$12.31 |
|
|
Total Number of Holdings: |
175 |
|
|
Portfolio Turnover: |
18.00 % |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.10% 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-302022537.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
