NEW
YORK, June 27, 2023 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc.
[NYSE: AFB] (the "Fund") today released its monthly portfolio
update as of May 31, 2023.
AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
|
|
Portfolio %
|
1) Jefferson County
Board of Education/AL Series 2018 5.00%, 02/01/46
|
|
1.81 %
|
2) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
|
|
1.78 %
|
3) City of El Paso TX
Series 2021-C 4.00%, 08/15/47
|
|
1.75 %
|
4) Detroit Downtown
Development Authority Series 2018-A 5.00%, 07/01/48
|
|
1.74 %
|
5) Los Angeles
Department of Water & Power Power System Revenue Series 2013-B
5.00%, 07/01/30
|
|
1.74 %
|
6) Detroit City School
District Series 2001-A 6.00%, 05/01/29
|
|
1.70 %
|
7) Tobacco Settlement
Financing Corp./NJ Series 2018-A 5.25%, 06/01/46
|
|
1.62 %
|
8) Wisconsin Public
Finance Authority Series 2022 5.00%, 02/01/62
|
|
1.62 %
|
9) Virginia Small
Business Financing Authority Series 2022 3.00%, 01/01/41
|
|
1.58 %
|
10) Metropolitan Pier
& Exposition Authority Series 2020 5.00%, 06/15/50
|
|
1.53 %
|
|
|
|
Sector/Industry Breakdown
|
|
Portfolio %
|
Revenue
|
|
|
Health Care -
Not-for-Profit
|
|
19.32 %
|
Airport
|
|
10.00 %
|
Revenue -
Miscellaneous
|
|
7.90 %
|
Toll
Roads/Transit
|
|
6.29 %
|
Higher Education -
Private
|
|
2.98 %
|
Tobacco
Securitization
|
|
2.94 %
|
Electric
Utility
|
|
2.74 %
|
Industrial Development
- Industry
|
|
2.66 %
|
Prepay
Energy
|
|
2.40 %
|
Primary/Secondary Ed. -
Public
|
|
2.33 %
|
Port
|
|
0.87 %
|
Industrial Development
- Utility
|
|
0.53 %
|
Water &
Sewer
|
|
0.41 %
|
Senior
Living
|
|
0.23 %
|
SUBTOTAL
|
|
61.60 %
|
Tax
Supported
|
|
|
Special Tax
|
|
9.79 %
|
Local G.O.
|
|
9.66 %
|
State G.O.
|
|
7.50 %
|
State Lease
|
|
1.22 %
|
SUBTOTAL
|
|
28.17 %
|
Prerefunded/ETM
|
|
6.90 %
|
Commercial
Mortgage-Backed Securities
|
|
1.60 %
|
Cash & Cash
Equivalents
|
|
|
Funds and Investment
Trusts
|
|
1.22 %
|
SUBTOTAL
|
|
1.22 %
|
Insured/Guaranteed
|
|
|
Guaranteed
|
|
0.51 %
|
SUBTOTAL
|
|
0.51 %
|
Total
|
|
100.00 %
|
|
|
|
State Breakdown
|
|
Portfolio %
|
Illinois
|
|
11.74 %
|
New Jersey
|
|
8.17 %
|
California
|
|
7.89 %
|
Pennsylvania
|
|
7.54 %
|
Wisconsin
|
|
6.08 %
|
New York
|
|
5.77 %
|
Florida
|
|
5.53 %
|
Michigan
|
|
5.19 %
|
Texas
|
|
5.07 %
|
South
Carolina
|
|
3.14 %
|
Connecticut
|
|
2.71 %
|
North
Carolina
|
|
2.42 %
|
Virginia
|
|
2.33 %
|
Ohio
|
|
2.25 %
|
Alabama
|
|
1.98 %
|
Arizona
|
|
1.95 %
|
Georgia
|
|
1.82 %
|
Minnesota
|
|
1.73 %
|
Maryland
|
|
1.56 %
|
Oklahoma
|
|
1.54 %
|
New
Hampshire
|
|
1.46 %
|
Nevada
|
|
1.42 %
|
Colorado
|
|
1.29 %
|
Utah
|
|
1.24 %
|
Iowa
|
|
1.03 %
|
Nebraska
|
|
0.88 %
|
Kansas
|
|
0.87 %
|
Hawaii
|
|
0.81 %
|
West
Virginia
|
|
0.67 %
|
Washington
|
|
0.52 %
|
Louisiana
|
|
0.50 %
|
Indiana
|
|
0.48 %
|
Arkansas
|
|
0.35 %
|
Oregon
|
|
0.21 %
|
District of
Columbia
|
|
0.18 %
|
Massachusetts
|
|
0.13 %
|
South Dakota
|
|
0.13 %
|
Puerto Rico
|
|
0.10 %
|
Tennessee
|
|
0.07 %
|
Kentucky
|
|
0.03 %
|
Other
|
|
1.22 %
|
Total
Investments
|
|
100.00 %
|
|
|
|
Credit Quality Breakdown
|
|
Portfolio %
|
AAA
|
|
2.93 %
|
AA
|
|
30.43 %
|
A
|
|
34.18 %
|
BBB
|
|
19.66 %
|
BB
|
|
2.08 %
|
B
|
|
0.99 %
|
D
|
|
0.23 %
|
Not Rated
|
|
0.33 %
|
Pre-refunded
Bonds
|
|
6.90 %
|
Short Term
Investments
|
|
2.27 %
|
Total
|
|
100.00 %
|
|
|
|
Bonds by Maturity
|
|
Portfolio %
|
Less than 1
Year
|
|
6.44 %
|
1 To 5 Years
|
|
7.26 %
|
5 To 10
Years
|
|
9.14 %
|
10 To 20
Years
|
|
23.82 %
|
20 To 30
Years
|
|
40.69 %
|
More than 30
Years
|
|
12.65 %
|
Other
|
|
0.00 %
|
Total Net
Assets
|
|
100.00 %
|
|
|
|
Portfolio Statistics:
|
|
|
AMT Percent:
|
|
15.61 %
|
Average
Coupon:
|
|
4.42 %
|
Percentage of
Leverage:
|
|
|
Bank
Borrowing:
|
|
0.00 %
|
Investment
Operations:
|
|
0.00 %
|
Auction Preferred
Shares (APS):
|
|
0.00 %
|
Tender Option
Bonds:
|
|
0.00 %
|
VMTP Shares:
|
|
40.32 %
|
Total Fund
Leverage:
|
|
40.32%*
|
Average
Maturity:
|
|
9.64 Years
|
Effective
Duration:
|
|
6.58 Years
|
Total Net
Assets:
|
|
$351.44
Million**
|
Common Stock Net Asset
Value:
|
|
$12.23
|
Total Number of
Holdings:
|
|
188
|
Portfolio
Turnover:
|
|
18.00 %
|
* The total percentage of leverage constitutes 0.00% through the
use of tender option bonds, 40.32% 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-301864967.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.