AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
NEW YORK, Feb. 27, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of January 31, 2024.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
|
1) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53 |
2.70 % |
|
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 |
2.66 % |
|
3) Melissa Independent School District Series 2023 4.25%, 02/01/53 |
2.13 % |
|
4) Dallas Independent School District Series 2024 4.00%, 02/15/54 |
1.93 % |
|
5) City of New York NY Series 2023 4.125%, 08/01/53 |
1.86 % |
|
6) Denton Independent School District Series 2023 5.00%, 08/15/48 |
1.82 % |
|
7) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
1.80 % |
|
8) City of El Paso TX Series 2021-C 4.00%, 08/15/47 |
1.71 % |
|
9) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
1.69 % |
|
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 |
1.65 % |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
||
Health Care - Not-for-Profit |
13.44 % |
|
Prepay Energy |
6.39 % |
|
Revenue - Miscellaneous |
6.01 % |
|
Airport |
5.17 % |
|
Toll Roads/Transit |
4.22 % |
|
Higher Education - Private |
3.36 % |
|
Electric Utility |
3.14 % |
|
Industrial Development - Industry |
2.76 % |
|
Tobacco Securitization |
1.99 % |
|
Primary/Secondary Ed. - Public |
1.69 % |
|
Port |
1.40 % |
|
Industrial Development - Utility |
0.51 % |
|
Water & Sewer |
0.39 % |
|
Senior Living |
0.23 % |
|
SUBTOTAL |
50.70 % |
|
Tax Supported |
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Local G.O. |
17.46 % |
|
State G.O. |
7.42 % |
|
Special Tax |
6.84 % |
|
State Lease |
0.57 % |
|
Assessment District |
0.17 % |
|
SUBTOTAL |
32.46 % |
|
Insured/Guaranteed |
||
Guaranteed |
10.67 % |
|
SUBTOTAL |
10.67 % |
|
Prerefunded/ETM |
3.62 % |
|
Commercial Mortgage-Backed Securities |
2.16 % |
|
Cash & Cash Equivalents |
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Funds and Investment Trusts |
0.39 % |
|
SUBTOTAL |
0.39 % |
|
Total |
100.00 % |
|
State Breakdown |
Portfolio % |
|
Texas |
15.64 % |
|
Illinois |
9.84 % |
|
California |
6.31 % |
|
New York |
6.10 % |
|
Michigan |
6.00 % |
|
Florida |
5.86 % |
|
Wisconsin |
5.19 % |
|
Pennsylvania |
4.81 % |
|
New Jersey |
4.74 % |
|
Massachusetts |
3.66 % |
|
South Carolina |
2.99 % |
|
Louisiana |
2.85 % |
|
Colorado |
2.26 % |
|
Georgia |
2.24 % |
|
New Hampshire |
2.02 % |
|
Arizona |
1.92 % |
|
Ohio |
1.87 % |
|
Washington |
1.87 % |
|
Minnesota |
1.60 % |
|
Nebraska |
1.58 % |
|
Nevada |
1.50 % |
|
Oklahoma |
1.46 % |
|
Virginia |
1.39 % |
|
Utah |
1.19 % |
|
Iowa |
1.02 % |
|
North Carolina |
0.75 % |
|
West Virginia |
0.66 % |
|
Indiana |
0.49 % |
|
North Dakota |
0.42 % |
|
Maryland |
0.36 % |
|
Arkansas |
0.33 % |
|
Oregon |
0.21 % |
|
Connecticut |
0.18 % |
|
South Dakota |
0.13 % |
|
Puerto Rico |
0.10 % |
|
Tennessee |
0.07 % |
|
Other |
0.39 % |
|
Total Investments |
100.00 % |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
13.96 % |
|
AA |
30.28 % |
|
A |
29.16 % |
|
BBB |
17.52 % |
|
BB |
3.86 % |
|
B |
0.13 % |
|
CCC |
0.10 % |
|
D |
0.22 % |
|
Not Rated |
0.76 % |
|
Pre-refunded Bonds |
3.62 % |
|
Short Term Investments |
0.39 % |
|
Total |
100.00 % |
|
Bonds by Maturity |
Portfolio % |
|
Less than 1 Year |
3.37 % |
|
1 To 5 Years |
2.08 % |
|
5 To 10 Years |
6.31 % |
|
10 To 20 Years |
21.20 % |
|
20 To 30 Years |
53.70 % |
|
More than 30 Years |
13.34 % |
|
Other |
0.00 % |
|
Total Net Assets |
100.00 % |
|
Portfolio Statistics: |
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AMT Percent: |
12.02 % |
|
Average Coupon: |
4.59 % |
|
Percentage of Leverage: |
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Bank Borrowing: |
0.00 % |
|
Investment Operations: |
2.39 % |
|
Auction Preferred Shares (APS): |
0.00 % |
|
Tender Option Bonds: |
0.00 % |
|
VMTP Shares: |
38.34 % |
|
Total Fund Leverage: |
40.73%* |
|
Average Maturity: |
10.49 Years |
|
Effective Duration: |
7.73 Years |
|
Total Net Assets: |
$364.47 Million** |
|
Common Stock Net Asset Value: |
$12.68 |
|
Total Number of Holdings: |
173 |
|
Portfolio Turnover: |
55.00 % |
|
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 38.34% in issued and outstanding VMTPs and 2.39% 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.
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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