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

NEW YORK, Sept. 27, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 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		2.52 %
2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/29		2.27 %
3) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46		1.73 %
4) Central Plains Energy Project Series 2017-A 5.00%, 09/01/42		1.71 %
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.68 %
6) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.68 %
7) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.67 %
8) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30		1.66 %
9) Miami Beach Health Facilities Authority Series 2014 5.00%, 11/15/39		1.53 %
10) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41		1.51 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		22.37 %
Toll Roads/Transit		8.09 %
Airport		7.80 %
Revenue - Miscellaneous		5.80 %
Electric Utility		5.30 %
Higher Education - Private		2.88 %
Industrial Development - Industry		2.85 %
Tobacco Securitization		2.76 %
Prepay Energy		2.56 %
Water & Sewer		2.27 %
Primary/Secondary Ed. - Public		1.54 %
Port		1.51 %
Industrial Development - Utility		0.50 %
Higher Education - Public		0.48 %
Senior Living		0.24 %
SUBTOTAL		66.95 %
Tax Supported
Special Tax		16.74 %
State G.O.		7.99 %
Local G.O.		1.87 %
State Lease		1.14 %
SUBTOTAL		27.74 %
Prerefunded/ETM		4.04 %
Commercial Mortgage-Backed Securities		0.92 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.20 %
SUBTOTAL		0.20 %
Asset-Backed
Housing - Multi-Family		0.15 %
SUBTOTAL		0.15 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		11.70 %
California		10.52 %
New York		8.70 %
Pennsylvania		7.73 %
New Jersey		6.20 %
Wisconsin		6.19 %
Florida		5.47 %
Connecticut		4.86 %
Texas		3.92 %
South Carolina		3.03 %
Michigan		2.99 %
Alabama		2.64 %
Virginia		2.22 %
Ohio		2.13 %
Colorado		1.85 %
Oklahoma		1.72 %
Nebraska		1.71 %
Georgia		1.68 %
North Carolina		1.58 %
Minnesota		1.46 %
Tennessee		1.45 %
Arizona		1.41 %
Utah		1.17 %
Maryland		1.10 %
District of Columbia		1.00 %
Iowa		0.97 %
Kansas		0.83 %
West Virginia		0.65 %
New Hampshire		0.59 %
Puerto Rico		0.51 %
Indiana		0.46 %
Hawaii		0.42 %
Arkansas		0.33 %
Louisiana		0.18 %
Washington		0.15 %
Massachusetts		0.13 %
South Dakota		0.13 %
Kentucky		0.02 %
Other		0.20 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		4.75 %
AA		29.74 %
A		33.38 %
BBB		23.81 %
BB		3.12 %
D		0.21 %
Not Rated		0.75 %
Pre-refunded Bonds		4.04 %
Short Term Investments		0.20 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		0.46 %
1 To 5 Years		5.87 %
5 To 10 Years		15.40 %
10 To 20 Years		31.51 %
20 To 30 Years		37.36 %
More than 30 Years		9.40 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		12.83 %
Average Coupon:		4.60 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		4.41 %
VMTP Shares:		39.05 %
Total Fund Leverage:		43.46%*
Average Maturity:		7.50 Years
Effective Duration:		5.83 Years
Total Net Assets:		$362.38 Million**
Common Stock Net Asset Value:		$12.61
Total Number of Holdings:		190
Portfolio Turnover:		5.00 %
* The total percentage of leverage constitutes 4.41% through the use of tender option bonds, 39.05%  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.

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