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. |
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-301684360.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.