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

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund, Inc. released its monthly portfolio update as of September 30, 2023.

Positive

• Top holdings include City of New Orleans LA Series 2021-A at 5.00% and Melissa Independent School District Series 2023 at 4.25%. Health Care - Not-for-Profit is the largest sector at 16.90%.

Negative

• None.

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of September 30, 2023.

AllianceBernstein National Municipal Income Fund, Inc.

 

Top 10 Fixed-Income Holdings		Portfolio %
1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.75 %
2) Melissa Independent School District Series 2023 4.25%, 02/01/53		2.08 %
3) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53		1.86 %
4) City of New York NY Series 2023 4.125%, 08/01/53		1.77 %
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.76 %
6) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.76 %
7) Detroit City School District Series 2001-A 6.00%, 05/01/29		1.71 %
8) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46		1.63 %
9) City of El Paso TX Series 2021-C 4.00%, 08/15/47		1.62 %
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.55 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		16.90 %
Airport		7.81 %
Revenue - Miscellaneous		7.78 %
Toll Roads/Transit		5.59 %
Prepay Energy		5.10 %
Electric Utility		4.05 %
Higher Education - Private		3.75 %
Industrial Development - Industry		2.83 %
Tobacco Securitization		2.09 %
Primary/Secondary Ed. - Public		1.72 %
Port		0.86 %
Industrial Development - Utility		0.56 %
Water & Sewer		0.41 %
Senior Living		0.23 %
SUBTOTAL		59.68 %
Tax Supported
Local G.O.		16.91 %
State G.O.		8.49 %
Special Tax		7.69 %
State Lease		0.60 %
Assessment District		0.18 %
SUBTOTAL		33.87 %
Insured/Guaranteed
Guaranteed		2.55 %
SUBTOTAL		2.55 %
Commercial Mortgage-Backed Securities		2.21 %
Prerefunded/ETM		1.69 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		10.47 %
Texas		7.06 %
New York		6.99 %
Michigan		6.93 %
Florida		6.68 %
California		6.63 %
Pennsylvania		6.21 %
Wisconsin		5.61 %
New Jersey		5.06 %
Georgia		3.15 %
South Carolina		3.12 %
Louisiana		2.96 %
Massachusetts		2.84 %
North Carolina		2.41 %
Ohio		2.13 %
New Hampshire		2.03 %
Washington		1.89 %
Nebraska		1.78 %
Arizona		1.73 %
Minnesota		1.66 %
Maryland		1.57 %
Oklahoma		1.57 %
Nevada		1.49 %
Colorado		1.33 %
Virginia		1.26 %
Utah		1.24 %
Iowa		1.02 %
West Virginia		0.68 %
Connecticut		0.62 %
Indiana		0.46 %
Arkansas		0.36 %
North Dakota		0.36 %
Oregon		0.20 %
Alabama		0.17 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Kentucky		0.03 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		6.68 %
AA		30.94 %
A		35.62 %
BBB		19.54 %
BB		4.09 %
B		0.41 %
D		0.24 %
Not Rated		0.79 %
Pre-refunded Bonds		1.69 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		1.63 %
1 To 5 Years		1.30 %
5 To 10 Years		9.01 %
10 To 20 Years		27.18 %
20 To 30 Years		48.52 %
More than 30 Years		12.36 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		14.72 %
Average Coupon:		4.60 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.18 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		42.20 %
Total Fund Leverage:		42.38%*
Average Maturity:		7.50 Years
Effective Duration:		10.41 Years
Total Net Assets:		$324.92 Million**
Common Stock Net Asset Value:		$11.30
Total Number of Holdings:		182
Portfolio Turnover:		18.00 %
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 42.20%
in issued and outstanding VMTPs and 0.18% 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-301966128.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What are the top holdings of AllianceBernstein National Municipal Income Fund, Inc.?

The top holdings include City of New Orleans LA Series 2021-A at 5.00% and Melissa Independent School District Series 2023 at 4.25%.

Which sector has the largest allocation in the portfolio?

Health Care - Not-for-Profit is the largest sector at 16.90%.