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.
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AllianceBernstein
National Municipal Income Fund, Inc.
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Top 10 Fixed-Income
Holdings
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Portfolio
%
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1) City of New Orleans
LA Series 2021-A 5.00%, 12/01/46
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2.71 %
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2) Melissa Independent
School District Series 2023 4.25%, 02/01/53
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2.17 %
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3) City of New York NY
Series 2023 4.125%, 08/01/53
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1.91 %
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4) Denton Independent
School District Series 2023 5.00%, 08/15/48
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1.88 %
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5) Commonwealth of
Massachusetts Series 2023 5.00%, 05/01/53
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1.86 %
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6) City of El Paso TX
Series 2021-C 4.00%, 08/15/47
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1.76 %
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7) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
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1.76 %
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8) Detroit Downtown
Development Authority Series 2018-A 5.00%, 07/01/48
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1.73 %
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9) Wisconsin Public
Finance Authority Series 2022 5.00%, 02/01/62
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1.68 %
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10) Detroit City School
District Series 2001-A 6.00%, 05/01/29
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1.67 %
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Sector/Industry
Breakdown
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Portfolio
%
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Revenue
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Health Care -
Not-for-Profit
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14.76 %
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Revenue -
Miscellaneous
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7.60 %
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Prepay
Energy
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5.69 %
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Airport
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5.35 %
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Toll
Roads/Transit
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4.27 %
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Higher Education -
Private
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3.42 %
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Electric
Utility
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3.24 %
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Industrial Development
- Industry
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2.83 %
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Tobacco
Securitization
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2.04 %
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Primary/Secondary Ed. -
Public
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1.76 %
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Port
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0.88 %
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Industrial Development
- Utility
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0.53 %
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Water &
Sewer
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0.40 %
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Senior
Living
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0.23 %
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SUBTOTAL
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53.00 %
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Tax
Supported
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Local G.O.
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18.06 %
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Special Tax
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7.67 %
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State G.O.
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7.66 %
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State Lease
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0.59 %
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Assessment
District
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0.18 %
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SUBTOTAL
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34.16 %
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Prerefunded/ETM
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4.55 %
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Insured/Guaranteed
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Guaranteed
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4.54 %
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SUBTOTAL
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4.54 %
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Commercial
Mortgage-Backed Securities
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2.23 %
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Cash & Cash
Equivalents
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Funds and Investment
Trusts
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1.52 %
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SUBTOTAL
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1.52 %
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Total
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100.00 %
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State
Breakdown
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Portfolio
%
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Illinois
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10.10 %
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Texas
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10.02 %
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New York
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7.06 %
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California
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6.91 %
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Michigan
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6.26 %
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Florida
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6.01 %
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Wisconsin
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5.88 %
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Pennsylvania
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4.94 %
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New Jersey
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4.93 %
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Massachusetts
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3.79 %
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South
Carolina
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3.11 %
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Louisiana
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2.91 %
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Arizona
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2.42 %
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Georgia
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2.31 %
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New
Hampshire
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2.07 %
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Washington
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2.07 %
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Ohio
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1.92 %
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Minnesota
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1.64 %
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Nebraska
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1.63 %
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Nevada
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1.55 %
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Oklahoma
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1.53 %
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North
Carolina
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1.49 %
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Virginia
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1.42 %
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Colorado
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1.28 %
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Utah
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1.23 %
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Iowa
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1.00 %
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West
Virginia
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0.68 %
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Indiana
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0.49 %
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Maryland
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0.37 %
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North Dakota
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0.36 %
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Arkansas
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0.35 %
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Oregon
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0.21 %
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Connecticut
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0.18 %
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South Dakota
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0.13 %
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Puerto Rico
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0.10 %
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Tennessee
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0.07 %
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Alabama
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0.06 %
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Other
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1.52 %
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Total
Investments
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100.00 %
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Credit Quality
Breakdown
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Portfolio
%
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AAA
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7.94 %
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AA
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31.63 %
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A
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31.06 %
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BBB
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17.88 %
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BB
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3.84 %
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B
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0.41 %
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CCC
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0.17 %
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D
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0.23 %
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Not Rated
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0.77 %
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Pre-refunded
Bonds
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4.55 %
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Short Term
Investments
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1.52 %
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Total
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100.00 %
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Bonds by
Maturity
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Portfolio
%
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Less than 1
Year
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6.00 %
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1 To 5 Years
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2.17 %
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5 To 10
Years
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6.24 %
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10 To 20
Years
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20.68 %
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20 To 30
Years
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51.50 %
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More than 30
Years
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13.41 %
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Other
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0.00 %
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Total Net
Assets
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100.00 %
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Portfolio
Statistics:
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AMT Percent:
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13.25 %
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Average
Coupon:
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4.47 %
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Percentage of
Leverage:
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Bank
Borrowing:
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0.00 %
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Investment
Operations:
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0.00 %
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Auction Preferred
Shares (APS):
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0.00 %
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Tender Option
Bonds:
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0.00 %
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VMTP Shares:
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40.10 %
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Total Fund
Leverage:
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40.10%*
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Average
Maturity:
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10.76
Years
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Effective
Duration:
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7.52
Years
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Total Net
Assets:
|
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$353.93
Million**
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Common Stock
Net Asset Value:
|
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$12.31
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Total Number of
Holdings:
|
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175
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Portfolio
Turnover:
|
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18.00 %
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* 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.