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

NEW YORK, Aug. 23, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of July 31, 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		2.50 %
2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/29		2.23 %
3) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42		1.77 %
4) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46		1.74 %
5) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.67 %
6) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.66 %
7) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.65 %
8) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30		1.63 %
9) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41		1.58 %
10) Miami Beach Health Facilities Authority Series 2014 5.00%, 11/15/39		1.51 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		21.64 %
Toll Roads/Transit		8.14 %
Airport		7.78 %
Revenue - Miscellaneous		5.78 %
Electric Utility		5.27 %
Higher Education - Private		2.94 %
Industrial Development - Industry		2.86 %
Tobacco Securitization		2.80 %
Prepay Energy		2.60 %
Water & Sewer		2.23 %
Port		1.52 %
Primary/Secondary Ed. - Public		1.41 %
Industrial Development - Utility		0.49 %
Higher Education - Public		0.47 %
Senior Living		0.23 %
SUBTOTAL		66.16 %
Tax Supported
Special Tax		16.68 %
State G.O.		7.89 %
Local G.O.		1.86 %
State Lease		1.14 %
SUBTOTAL		27.57 %
Prerefunded/ETM		4.35 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.85 %
SUBTOTAL		0.85 %
Asset-Backed
Housing - Multi-Family		0.62 %
SUBTOTAL		0.62 %
Commercial Mortgage-Backed Securities		0.45 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		11.73 %
California		10.41 %
New York		8.31 %
Pennsylvania		7.69 %
New Jersey		6.14 %
Wisconsin		6.08 %
Florida		5.34 %
Connecticut		4.79 %
Texas		3.98 %
South Carolina		3.02 %
Michigan		2.95 %
Alabama		2.66 %
Virginia		2.33 %
Ohio		2.18 %
Colorado		1.83 %
Nebraska		1.77 %
Oklahoma		1.74 %
Georgia		1.69 %
North Carolina		1.56 %
Minnesota		1.47 %
Tennessee		1.43 %
Arizona		1.41 %
Utah		1.18 %
Maryland		1.09 %
District of Columbia		0.98 %
Iowa		0.98 %
Kansas		0.83 %
West Virginia		0.64 %
New Hampshire		0.59 %
Puerto Rico		0.52 %
Indiana		0.47 %
Hawaii		0.41 %
Arkansas		0.33 %
Louisiana		0.18 %
Washington		0.15 %
Massachusetts		0.14 %
South Dakota		0.13 %
Kentucky		0.02 %
Other		0.85 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		4.69 %
AA		27.72 %
A		35.17 %
BBB		23.26 %
BB		3.00 %
D		0.21 %
Not Rated		0.75 %
Pre-refunded Bonds		4.35 %
Short Term Investments		0.85 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		1.10 %
1 To 5 Years		6.15 %
5 To 10 Years		15.14 %
10 To 20 Years		31.19 %
20 To 30 Years		36.93 %
More than 30 Years		9.49 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		12.66 %
Average Coupon:		4.59 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		4.35 %
VMTP Shares:		38.49 %
Total Fund Leverage:		42.84%*
Average Maturity:		7.18 Years
Effective Duration:		5.74 Years
Total Net Assets:		$377.34 Million**
Common Stock Net Asset Value:		$13.13
Total Number of Holdings:		186
Portfolio Turnover:		5.00 %
* The total percentage of leverage constitutes 4.35% through the use of tender option bonds, 38.49%  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.