NEW YORK, Jan. 24, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 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
|
| 2.42 %
|
2) Detroit City School District Series 2001-A 6.00%, 05/01/29
|
| 1.86 %
|
3) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46
|
| 1.82 %
|
4) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58
|
| 1.77 %
|
5) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30
|
| 1.76 %
|
6) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42
|
| 1.75 %
|
7) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48
|
| 1.75 %
|
8) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41
|
| 1.58 %
|
9) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62
|
| 1.58 %
|
10) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46
|
| 1.58 %
|
Sector/Industry Breakdown
|
| Portfolio %
|
Revenue
|
|
|
Health Care - Not-for-Profit
|
| 19.69 %
|
Airport
|
| 9.28 %
|
Revenue - Miscellaneous
|
| 7.86 %
|
Toll Roads/Transit
|
| 5.74 %
|
Electric Utility
|
| 5.61 %
|
Higher Education - Private
|
| 2.98 %
|
Tobacco Securitization
|
| 2.85 %
|
Industrial Development - Industry
|
| 2.61 %
|
Water & Sewer
|
| 2.60 %
|
Prepay Energy
|
| 2.39 %
|
Primary/Secondary Ed. - Public
|
| 2.31 %
|
Port
|
| 0.83 %
|
Industrial Development - Utility
|
| 0.54 %
|
Higher Education - Public
|
| 0.51 %
|
Senior Living
|
| 0.24 %
|
SUBTOTAL
|
| 66.04 %
|
Tax Supported
|
|
|
Special Tax
|
| 12.51 %
|
State G.O.
|
| 8.33 %
|
Local G.O.
|
| 5.08 %
|
State Lease
|
| 1.21 %
|
SUBTOTAL
|
| 27.13 %
|
Prerefunded/ETM
|
| 3.65 %
|
Commercial Mortgage-Backed Securities
|
| 1.61 %
|
Cash & Cash Equivalents
|
|
|
Funds and Investment Trusts
|
| 1.57 %
|
SUBTOTAL
|
| 1.57 %
|
Total
|
| 100.00 %
|
State Breakdown
|
| Portfolio %
|
Illinois
|
| 11.59 %
|
California
|
| 9.57 %
|
New Jersey
|
| 8.19 %
|
Pennsylvania
|
| 7.00 %
|
New York
|
| 6.17 %
|
Wisconsin
|
| 6.00 %
|
Connecticut
|
| 5.17 %
|
Michigan
|
| 4.99 %
|
Florida
|
| 4.53 %
|
Texas
|
| 3.71 %
|
South Carolina
|
| 3.17 %
|
Virginia
|
| 2.31 %
|
Ohio
|
| 2.19 %
|
Alabama
|
| 2.05 %
|
Georgia
|
| 1.75 %
|
Nebraska
|
| 1.75 %
|
Minnesota
|
| 1.69 %
|
North Carolina
|
| 1.69 %
|
Maryland
|
| 1.55 %
|
Oklahoma
|
| 1.55 %
|
New Hampshire
|
| 1.48 %
|
Colorado
|
| 1.31 %
|
Utah
|
| 1.23 %
|
Arizona
|
| 1.06 %
|
District of Columbia
|
| 1.06 %
|
Iowa
|
| 0.96 %
|
Kansas
|
| 0.89 %
|
Hawaii
|
| 0.83 %
|
West Virginia
|
| 0.68 %
|
Washington
|
| 0.52 %
|
Louisiana
|
| 0.50 %
|
Indiana
|
| 0.48 %
|
Arkansas
|
| 0.35 %
|
Massachusetts
|
| 0.13 %
|
South Dakota
|
| 0.13 %
|
Puerto Rico
|
| 0.10 %
|
Tennessee
|
| 0.07 %
|
Kentucky
|
| 0.03 %
|
Other
|
| 1.57 %
|
Total Investments
|
| 100.00 %
|
Credit Quality Breakdown
|
| Portfolio %
|
AAA
|
| 3.66 %
|
AA
|
| 32.06 %
|
A
|
| 31.05 %
|
BBB
|
| 23.23 %
|
BB
|
| 3.14 %
|
D
|
| 0.23 %
|
Not Rated
|
| 0.34 %
|
Pre-refunded Bonds
|
| 3.65 %
|
Short Term Investments
|
| 2.64 %
|
Total
|
| 100.00 %
|
Bonds by Maturity
|
| Portfolio %
|
Less than 1 Year
|
| 3.50 %
|
1 To 5 Years
|
| 6.85 %
|
5 To 10 Years
|
| 17.56 %
|
10 To 20 Years
|
| 24.93 %
|
20 To 30 Years
|
| 34.87 %
|
More than 30 Years
|
| 12.29 %
|
Other
|
| 0.00 %
|
Total Net Assets
|
| 100.00 %
|
Portfolio Statistics:
|
|
|
AMT Percent:
|
| 14.12 %
|
Average Coupon:
|
| 4.49 %
|
Percentage of Leverage:
|
|
|
Bank Borrowing:
|
| 0.00 %
|
Investment Operations:
|
| 0.00 %
|
Auction Preferred Shares (APS):
|
| 0.00 %
|
Tender Option Bonds:
|
| 0.00 %
|
VMTP Shares:
|
| 40.57 %
|
Total Fund Leverage:
|
| 40.57%*
|
Average Maturity:
|
| 9.45 Years
|
Effective Duration:
|
| 6.52 Years
|
Total Net Assets:
|
| $347.19 Million**
|
Common Stock Net Asset Value:
|
| $12.08
|
Total Number of Holdings:
|
| 185
|
Portfolio Turnover:
|
| 18.00 %
|
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.57% 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.
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
