AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

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AllianceBernstein National Municipal Income Fund, Inc. (AFB) released its monthly portfolio update as of April 30, 2023. The fund's top 10 fixed-income holdings include Jefferson County Board of Education/AL Series 2018, Wisconsin Public Finance Authority Series 2018, and City of El Paso TX Series 2021-C. The fund's sector/industry breakdown shows a focus on health care, airports, and miscellaneous revenue. The fund's state breakdown reveals significant investments in Illinois, California, and New Jersey. The credit quality breakdown shows a majority of holdings in AA and A-rated bonds. The fund has a total net asset value of $356.46 million, with a common stock net asset value of $12.40. It has a total of 189 holdings and a portfolio turnover of 18.00%.

NEW YORK, May 23, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of April 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		1.81 %
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		1.77 %
4) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30		1.73 %
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.71 %
6) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.69 %
7) Detroit City School District Series 2001-A 6.00%, 05/01/29		1.69 %
8) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46		1.62 %
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		1.52 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		19.31 %
Airport		9.26 %
Revenue - Miscellaneous		7.91 %
Toll Roads/Transit		6.29 %
Tobacco Securitization		2.93 %
Industrial Development - Industry		2.76 %
Electric Utility		2.75 %
Higher Education - Private		2.58 %
Prepay Energy		2.42 %
Primary/Secondary Ed. - Public		2.34 %
Water & Sewer		1.07 %
Port		0.86 %
Industrial Development - Utility		0.53 %
Higher Education - Public		0.43 %
Senior Living		0.23 %
SUBTOTAL		61.67 %
Tax Supported
Special Tax		9.77 %
Local G.O.		9.69 %
State G.O.		7.48 %
State Lease		1.23 %
SUBTOTAL		28.17 %
Prerefunded/ETM		7.58 %
Commercial Mortgage-Backed Securities		1.63 %
Insured/Guaranteed
Guaranteed		0.52 %
SUBTOTAL		0.52 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.43 %
SUBTOTAL		0.43 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		11.74 %
California		8.39 %
New Jersey		8.18 %
Pennsylvania		7.56 %
Wisconsin		6.17 %
Texas		5.95 %
New York		5.77 %
Florida		5.56 %
Michigan		5.14 %
South Carolina		3.15 %
Connecticut		2.71 %
Virginia		2.33 %
Ohio		2.24 %
Alabama		2.03 %
Arizona		1.96 %
Georgia		1.77 %
Minnesota		1.74 %
North Carolina		1.67 %
Maryland		1.55 %
Oklahoma		1.54 %
New Hampshire		1.48 %
Nevada		1.45 %
Colorado		1.29 %
Utah		1.23 %
Iowa		1.01 %
Nebraska		0.90 %
Kansas		0.87 %
Hawaii		0.81 %
West Virginia		0.67 %
Washington		0.52 %
Indiana		0.49 %
Louisiana		0.49 %
Arkansas		0.35 %
Oregon		0.21 %
District of Columbia		0.18 %
Massachusetts		0.14 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Kentucky		0.03 %
Other		0.43 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		2.94 %
AA		30.40 %
A		34.18 %
BBB		19.78 %
BB		2.31 %
B		0.78 %
D		0.23 %
Not Rated		0.33 %
Pre-refunded Bonds		7.58 %
Short Term Investments		1.47 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		6.31 %
1 To 5 Years		7.27 %
5 To 10 Years		9.58 %
10 To 20 Years		24.03 %
20 To 30 Years		40.77 %
More than 30 Years		12.04 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		15.18 %
Average Coupon:		4.44 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		40.02 %
Total Fund Leverage:		40.02%*
Average Maturity:		9.54 Years
Effective Duration:		6.76 Years
Total Net Assets:		$356.46 Million**
Common Stock Net Asset Value:		$12.40
Total Number of Holdings:		189
Portfolio Turnover:		18.00 %

 

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.02% 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-301832629.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What is the stock ticker for AllianceBernstein National Municipal Income Fund, Inc.?

The stock ticker for AllianceBernstein National Municipal Income Fund, Inc. is AFB.

What are the top fixed-income holdings of the fund?

The top fixed-income holdings of the fund include Jefferson County Board of Education/AL Series 2018, Wisconsin Public Finance Authority Series 2018, and City of El Paso TX Series 2021-C.

Which sectors/industries does the fund focus on?

The fund focuses on sectors/industries such as health care, airports, and miscellaneous revenue.

Which states does the fund have significant investments in?

The fund has significant investments in states like Illinois, California, and New Jersey.

What is the credit quality breakdown of the fund's holdings?

The credit quality breakdown shows a majority of holdings in AA and A-rated bonds.

What is the total net asset value of the fund?

The total net asset value of the fund is $356.46 million.

How many holdings does the fund have?

The fund has a total of 189 holdings.

What is the portfolio turnover of the fund?

The fund has a portfolio turnover of 18.00%.