AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of September 30, 2022.

AllianceBernstein National Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings		Portfolio %
1) Metropolitan Transportation Authority Series 2016-2 5.25%, 11/15/35		2.55 %
2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/29		2.35 %
3) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46		1.72 %
4) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30		1.71 %
5) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.69 %
6) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.66 %
7) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42		1.64 %
8) Miami Beach Health Facilities Authority Series 2014 5.00%, 11/15/39		1.56 %
9) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41		1.46 %
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.45 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		22.34 %
Airport		8.81 %
Toll Roads/Transit		6.30 %
Revenue - Miscellaneous		5.70 %
Electric Utility		5.35 %
Higher Education - Private		2.74 %
Tobacco Securitization		2.60 %
Industrial Development - Industry		2.53 %
Water & Sewer		2.51 %
Prepay Energy		2.50 %
Primary/Secondary Ed. - Public		1.80 %
Port		1.46 %
Industrial Development - Utility		0.51 %
Higher Education - Public		0.49 %
Senior Living		0.23 %
SUBTOTAL		65.87 %
Tax Supported
Special Tax		16.72 %
State G.O.		8.05 %
Local G.O.		1.85 %
State Lease		1.12 %
SUBTOTAL		27.74 %
Prerefunded/ETM		3.50 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.40 %
SUBTOTAL		1.40 %
Commercial Mortgage-Backed Securities		1.05 %
Asset-Backed
Housing - Multi-Family		0.44 %
SUBTOTAL		0.44 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		12.45 %
California		10.30 %
New York		8.74 %
Pennsylvania		6.76 %
New Jersey		6.28 %
Wisconsin		5.86 %
Florida		5.42 %
Connecticut		4.99 %
Texas		3.28 %
South Carolina		3.00 %
Michigan		2.98 %
Alabama		2.64 %
Virginia		2.14 %
Ohio		2.04 %
Colorado		1.85 %
Oklahoma		1.71 %
Georgia		1.64 %
Nebraska		1.64 %
Minnesota		1.59 %
North Carolina		1.58 %
Tennessee		1.41 %
Arizona		1.39 %
Utah		1.18 %
Maryland		1.07 %
District of Columbia		1.03 %
New Hampshire		1.02 %
Iowa		0.87 %
Kansas		0.83 %
West Virginia		0.65 %
Puerto Rico		0.48 %
Indiana		0.44 %
Hawaii		0.42 %
Arkansas		0.33 %
Louisiana		0.19 %
Washington		0.14 %
Massachusetts		0.12 %
South Dakota		0.12 %
Kentucky		0.02 %
Other		1.40 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		5.03 %
AA		27.96 %
A		33.82 %
BBB		23.73 %
BB		3.63 %
D		0.22 %
Not Rated		0.71 %
Pre-refunded Bonds		3.50 %
Short Term Investments		1.40 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		1.66 %
1 To 5 Years		5.38 %
5 To 10 Years		15.51 %
10 To 20 Years		32.08 %
20 To 30 Years		34.86 %
More than 30 Years		10.51 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		12.68 %
Average Coupon:		4.63 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		1.20 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		4.63 %
VMTP Shares:		41.02 %
Total Fund Leverage:		46.85%*
Average Maturity:		13.16 Years
Effective Duration:		8.46 Years
Total Net Assets:		$333.88 Million**
Common Stock Net Asset Value:		$11.62
Total Number of Holdings:		192
Portfolio Turnover:		5.00 %

* The total percentage of leverage constitutes 4.63% through the use of tender option bonds, 41.02% in issued and outstanding VMTPs and 1.20% 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.