AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
25 Juli 2023 - 10:06PM
PR Newswire (US)
NEW
YORK, July 25, 2023 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc.[NYSE:
AFB](the "Fund") today released its monthly portfolio update as of
June 30, 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
|
|
1.79 %
|
2) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
|
|
1.77 %
|
3) City of El Paso TX
Series 2021-C 4.00%, 08/15/47
|
|
1.76 %
|
4) Detroit Downtown
Development Authority Series 2018-A 5.00%, 07/01/48
|
|
1.73 %
|
5) Los Angeles
Department of Water & Power Power System Revenue Series 2013-B
5.00%, 07/01/30
|
|
1.72 %
|
6) Detroit City School
District Series 2001-A 6.00%, 05/01/29
|
|
1.68 %
|
7) Wisconsin Public
Finance Authority Series 2022 5.00%, 02/01/62
|
|
1.68 %
|
8) Tobacco Settlement
Financing Corp./NJ Series 2018-A 5.25%, 06/01/46
|
|
1.61 %
|
9) Virginia Small
Business Financing Authority Series 2022 3.00%, 01/01/41
|
|
1.59 %
|
10) Metropolitan Pier
& Exposition Authority Series 2020 5.00%, 06/15/50
|
|
1.53 %
|
|
|
|
Sector/Industry Breakdown
|
|
Portfolio %
|
Revenue
|
|
|
Health Care -
Not-for-Profit
|
|
19.24 %
|
Airport
|
|
9.94 %
|
Revenue -
Miscellaneous
|
|
7.87 %
|
Toll
Roads/Transit
|
|
6.30 %
|
Tobacco
Securitization
|
|
2.97 %
|
Higher Education -
Private
|
|
2.97 %
|
Electric
Utility
|
|
2.73 %
|
Industrial Development
- Industry
|
|
2.72 %
|
Prepay
Energy
|
|
2.42 %
|
Primary/Secondary Ed. -
Public
|
|
2.33 %
|
Port
|
|
0.87 %
|
Industrial Development
- Utility
|
|
0.53 %
|
Water &
Sewer
|
|
0.40 %
|
Senior
Living
|
|
0.23 %
|
SUBTOTAL
|
|
61.52 %
|
Tax
Supported
|
|
|
Special Tax
|
|
9.74 %
|
Local G.O.
|
|
9.68 %
|
State G.O.
|
|
5.37 %
|
State Lease
|
|
1.22 %
|
SUBTOTAL
|
|
26.01 %
|
Prerefunded/ETM
|
|
8.29 %
|
Cash & Cash
Equivalents
|
|
|
Funds and Investment
Trusts
|
|
2.06 %
|
SUBTOTAL
|
|
2.06 %
|
Commercial
Mortgage-Backed Securities
|
|
1.61 %
|
Insured/Guaranteed
|
|
|
Guaranteed
|
|
0.51 %
|
SUBTOTAL
|
|
0.51 %
|
Total
|
|
100.00 %
|
|
|
|
State Breakdown
|
|
Portfolio %
|
Illinois
|
|
11.67 %
|
New Jersey
|
|
8.10 %
|
California
|
|
7.85 %
|
Pennsylvania
|
|
7.54 %
|
Wisconsin
|
|
6.14 %
|
Florida
|
|
5.53 %
|
Michigan
|
|
5.15 %
|
New York
|
|
5.11 %
|
Texas
|
|
5.06 %
|
South
Carolina
|
|
3.13 %
|
Connecticut
|
|
2.68 %
|
North
Carolina
|
|
2.40 %
|
Virginia
|
|
2.35 %
|
Ohio
|
|
2.28 %
|
Alabama
|
|
1.96 %
|
Arizona
|
|
1.96 %
|
Georgia
|
|
1.82 %
|
Minnesota
|
|
1.71 %
|
Maryland
|
|
1.55 %
|
Oklahoma
|
|
1.54 %
|
New
Hampshire
|
|
1.48 %
|
Nevada
|
|
1.45 %
|
Colorado
|
|
1.28 %
|
Utah
|
|
1.23 %
|
Iowa
|
|
1.03 %
|
Nebraska
|
|
0.90 %
|
Kansas
|
|
0.87 %
|
Hawaii
|
|
0.81 %
|
West
Virginia
|
|
0.67 %
|
Washington
|
|
0.52 %
|
Louisiana
|
|
0.49 %
|
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
|
|
2.06 %
|
Total
Investments
|
|
100.00 %
|
|
|
|
Credit Quality Breakdown
|
|
Portfolio %
|
AAA
|
|
2.91 %
|
AA
|
|
28.27 %
|
A
|
|
34.03 %
|
BBB
|
|
19.57 %
|
BB
|
|
2.28 %
|
B
|
|
1.00 %
|
D
|
|
0.22 %
|
Not Rated
|
|
0.33 %
|
Pre-refunded
Bonds
|
|
8.29 %
|
Short Term
Investments
|
|
3.10 %
|
Total
|
|
100.00 %
|
|
|
|
Bonds by Maturity
|
|
Portfolio %
|
Less than 1
Year
|
|
9.41 %
|
1 To 5 Years
|
|
5.24 %
|
5 To 10
Years
|
|
8.23 %
|
10 To 20
Years
|
|
23.77 %
|
20 To 30
Years
|
|
40.64 %
|
More than 30
Years
|
|
12.71 %
|
Other
|
|
0.00 %
|
Total Net
Assets
|
|
100.00 %
|
|
|
|
Portfolio Statistics:
|
|
|
AMT Percent:
|
|
15.92 %
|
Average
Coupon:
|
|
4.38 %
|
Percentage of
Leverage:
|
|
|
Bank
Borrowing:
|
|
0.00 %
|
Investment
Operations:
|
|
0.00 %
|
Auction Preferred
Shares (APS):
|
|
0.00 %
|
Tender Option
Bonds:
|
|
0.00 %
|
VMTP Shares:
|
|
39.93 %
|
Total Fund
Leverage:
|
|
39.93%*
|
Average
Maturity:
|
|
9.23
Years
|
Effective
Duration:
|
|
6.56
Years
|
Total Net
Assets:
|
|
$355.84
Million**
|
Common Stock
Net Asset Value:
|
|
$12.38
|
Total Number of
Holdings:
|
|
187
|
Portfolio
Turnover:
|
|
18.00 %
|
|
|
|
* The total percentage
of leverage constitutes 0.00% through the use of tender option
bonds, 39.93%
|
|
|
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-301885514.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.
Copyright 2023 PR Newswire
AllianceBernstein Nation... (NYSE:AFB)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
AllianceBernstein Nation... (NYSE:AFB)
Historical Stock Chart
Von Apr 2023 bis Apr 2024