PR Newswire
NEW YORK , July 26, 2022 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2022 .
AllianceBernstein National Municipal Income Fund, Inc. | | |
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Top 10 Fixed-Income Holdings | | Portfolio % |
1) Metropolitan Transportation Authority Series 2016-2 5.25%, 11/15/35 | | 2.45 % |
2) State of Connecticut Special Tax Revenue Series 2012-A 5.00%, 01/01/29 | | 2.25 % |
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 | | 1.70 % |
5) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48 | | 1.67 % |
6) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 | | 1.66 % |
7) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30 | | 1.65 % |
8) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 | | 1.61 % |
9) Miami Beach Health Facilities Authority Series 2014 5.00%, 11/15/39 | | 1.51 % |
10) Virginia Small business Financing Authority Series 2022 3.00%, 01/01/41 | | 1.49 % |
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Sector/Industry Breakdown | | Portfolio % |
Revenue | | |
Health Care - Not-for-Profit | | 21.76 % |
Toll Roads/Transit | | 8.38 % |
Airport | | 7.70 % |
Revenue - Miscellaneous | | 5.68 % |
Electric Utility | | 5.25 % |
Higher Education - Private | | 2.84 % |
Tobacco Securitization | | 2.70 % |
Industrial Development - Industry | | 2.55 % |
Prepay Energy | | 2.54 % |
Water & Sewer | | 2.25 % |
Primary/Secondary Ed. - Public | | 1.34 % |
Port | | 0.69 % |
Industrial Development - Utility | | 0.49 % |
Higher Education - Public | | 0.47 % |
Senior Living | | 0.22 % |
SUBTOTAL | | 64.86 % |
Tax Supported | | |
Special Tax | | 15.91 % |
State G.O. | | 7.89 % |
Local G.O. | | 1.83 % |
State Lease | | 1.11 % |
SUBTOTAL | | 26.74 % |
Prerefunded/ETM | | 7.04 % |
Asset-Backed | | |
Housing - Multi-Family | | 0.61 % |
SUBTOTAL | | 0.61 % |
Commercial Mortgage-Backed Securities | | 0.45 % |
Cash & Cash Equivalents | | |
Funds and Investment Trusts | | 0.30 % |
SUBTOTAL | | 0.30 % |
Total | | 100.00 % |
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State Breakdown | | Portfolio % |
California | | 11.24 % |
Illinois | | 11.01 % |
New York | | 8.41 % |
Pennsylvania | | 7.61 % |
New Jersey | | 6.10 % |
Wisconsin | | 5.92 % |
Florida | | 5.24 % |
Connecticut | | 4.82 % |
Texas | | 3.95 % |
South Carolina | | 2.98 % |
Michigan | | 2.96 % |
Alabama | | 2.42 % |
Virginia | | 2.20 % |
Ohio | | 2.10 % |
North Carolina | | 1.95 % |
Colorado | | 1.81 % |
Georgia | | 1.73 % |
Oklahoma | | 1.71 % |
Nebraska | | 1.70 % |
Minnesota | | 1.45 % |
Tennessee | | 1.43 % |
Arizona | | 1.38 % |
Utah | | 1.16 % |
Maryland | | 1.09 % |
District of Columbia | | 0.99 % |
Iowa | | 0.95 % |
Kentucky | | 0.85 % |
Kansas | | 0.83 % |
Indiana | | 0.66 % |
West Virginia | | 0.64 % |
New Hampshire | | 0.58 % |
Puerto Rico | | 0.51 % |
Hawaii | | 0.41 % |
Arkansas | | 0.33 % |
Louisiana | | 0.18 % |
Washington | | 0.14 % |
Massachusetts | | 0.13 % |
South Dakota | | 0.13 % |
Other | | 0.30 % |
Total Investments | | 100.00 % |
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Credit Quality Breakdown | | Portfolio % |
AAA | | 4.70 % |
AA | | 28.11 % |
A | | 33.80 % |
BBB | | 22.35 % |
BB | | 2.76 % |
D | | 0.21 % |
Not Rated | | 0.73 % |
Pre-refunded Bonds | | 7.04 % |
Short Term Investments | | 0.30 % |
Total | | 100.00 % |
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Bonds by Maturity | | Portfolio % |
Less than 1 Year | | 2.21 % |
1 To 5 Years | | 6.03 % |
5 To 10 Years | | 15.79 % |
10 To 20 Years | | 30.51 % |
20 To 30 Years | | 37.31 % |
More than 30 Years | | 8.15 % |
Other | | 0.00 % |
Total Net Assets | | 100.00 % |
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Portfolio Statistics: | | |
AMT Percent: | | 11.62 % |
Average Coupon: | | 4.81 % |
Percentage of Leverage: | | |
Bank Borrowing: | | 0.00 % |
Investment Operations: | | 1.86 % |
Auction Preferred Shares (APS): | | 0.00 % |
Tender Option Bonds: | | 4.47 % |
VMTP Shares: | | 39.61 % |
Total Fund Leverage: | | 45.94% * |
Average Maturity: | | 7.24 Years |
Effective Duration: | | 5.69 Years |
Total Net Assets: | | $362.58 Million ** |
Common Stock Net Asset Value: | | $12.61 |
Total Number of Holdings: | | 190 |
Portfolio Turnover: | | 5.00 % |
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* The total percentage of leverage constitutes 4.47% through the use of tender option bonds, 39.61% in issued and outstanding | | |
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** The Fund also had outstanding $232,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because | | |
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The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end | | |
SOURCE AllianceBernstein National Municipal Income Fund, Inc.