AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update
NEW YORK, Nov. 25, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2024.
AllianceBernstein National Municipal Income Fund, Inc. |
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53 |
2.67 % |
|
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 |
2.64 % |
|
3) Prosper Independent School District Series 2024 4.00%, 02/15/54 |
2.42 % |
|
4) Greenwood Independent School District Series 2024 4.00%, 02/15/54 |
2.27 % |
|
5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 |
2.13 % |
|
6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 |
1.95 % |
|
7) City of New York NY Series 2023 4.125%, 08/01/53 |
1.84 % |
|
8) New York Transportation Development Corp. Series 2024 1.00%, 12/31/54 |
1.83 % |
|
9) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 |
1.81 % |
|
10) Denton Independent School District Series 2024-2 5.00%, 08/15/48 |
1.80 % |
|
Sector/Industry Breakdown |
Portfolio % |
|
Revenue |
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Health Care - Not-for-Profit |
10.67 % |
|
Revenue - Miscellaneous |
7.62 % |
|
Prepay Energy |
7.18 % |
|
Airport |
6.18 % |
|
Industrial Development - Airline |
3.56 % |
|
Toll Roads/Transit |
3.24 % |
|
Industrial Development - Industry |
2.43 % |
|
Higher Education - Private |
2.17 % |
|
Water & Sewer |
2.13 % |
|
Electric Utility |
2.06 % |
|
Tobacco Securitization |
1.85 % |
|
Port |
1.83 % |
|
Primary/Secondary Ed. - Public |
1.77 % |
|
Senior Living |
0.95 % |
|
Industrial Development - Utility |
0.51 % |
|
SUBTOTAL |
54.15 % |
|
Tax Supported |
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Local G.O. |
16.13 % |
|
State G.O. |
6.00 % |
|
Special Tax |
4.97 % |
|
Assessment District |
0.17 % |
|
SUBTOTAL |
27.27 % |
|
Guaranteed |
15.34 % |
|
Prerefunded/ETM |
2.06 % |
|
Asset-Backed |
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Housing - Multi-Family |
1.09 % |
|
SUBTOTAL |
1.09 % |
|
Cash & Cash Equivalents |
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Funds and Investment Trusts |
0.09 % |
|
SUBTOTAL |
0.09 % |
|
Total |
100.00 % |
|
State Breakdown |
Portfolio % |
|
Texas |
19.18 % |
|
Illinois |
8.73 % |
|
New York |
7.71 % |
|
Florida |
7.29 % |
|
California |
5.47 % |
|
Wisconsin |
5.02 % |
|
Michigan |
4.48 % |
|
South Carolina |
4.42 % |
|
Massachusetts |
3.82 % |
|
Pennsylvania |
3.56 % |
|
New Jersey |
2.70 % |
|
Louisiana |
2.64 % |
|
Colorado |
2.38 % |
|
Arizona |
1.95 % |
|
Washington |
1.86 % |
|
Alabama |
1.78 % |
|
Ohio |
1.76 % |
|
Nebraska |
1.59 % |
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Nevada |
1.51 % |
|
Georgia |
1.32 % |
|
Oklahoma |
1.19 % |
|
New Hampshire |
1.13 % |
|
Minnesota |
1.12 % |
|
Iowa |
0.95 % |
|
Virginia |
0.87 % |
|
Indiana |
0.84 % |
|
Utah |
0.77 % |
|
North Carolina |
0.75 % |
|
Tennessee |
0.52 % |
|
North Dakota |
0.43 % |
|
Puerto Rico |
0.42 % |
|
Maryland |
0.37 % |
|
Arkansas |
0.33 % |
|
Oregon |
0.22 % |
|
Connecticut |
0.19 % |
|
Alaska |
0.18 % |
|
South Dakota |
0.13 % |
|
Other |
0.42 % |
|
Total Investments |
100.00 % |
|
Credit Quality Breakdown |
Portfolio % |
|
AAA |
18.58 % |
|
AA |
29.86 % |
|
A |
25.06 % |
|
BBB |
16.90 % |
|
BB |
4.51 % |
|
B |
0.47 % |
|
Not Rated |
2.47 % |
|
Pre-refunded Bonds |
2.06 % |
|
Short Term Investments |
0.09 % |
|
Total |
100.00 % |
|
Bonds by Maturity |
Portfolio % |
|
Less than 1 Year |
1.36 % |
|
1 To 5 Years |
3.28 % |
|
5 To 10 Years |
4.89 % |
|
10 To 20 Years |
18.85 % |
|
20 To 30 Years |
55.94 % |
|
More than 30 Years |
15.68 % |
|
Other |
0.00 % |
|
Total Net Assets |
100.00 % |
|
Portfolio Statistics: |
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AMT Percent: |
15.22 % |
|
Average Coupon: |
4.55 % |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00 % |
|
Investment Operations: |
1.38 % |
|
Auction Preferred Shares (APS): |
0.00 % |
|
Tender Option Bonds: |
7.35 % |
|
VMTP Shares: |
14.77 % |
|
VRDP Shares: |
16.73 % |
|
Total Fund Leverage: |
40.23%* |
|
Average Maturity: |
11.53 Years |
|
Effective Duration: |
8.92 Years |
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Total Net Assets: |
$361.43 Million** |
|
Common Stock Net Asset Value: |
$12.57 |
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Total Number of Holdings: |
166 |
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Portfolio Turnover: |
55.00 % |
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* The total percentage of leverage constitutes 7.35% through the use of tender option bonds, 14.77% |
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in issued and outstanding VMTPs, 16.73% in issued and outstanding VRDPs and 1.38% in investment |
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operations, which may include the use of certain portfolio management techniques such as credit default |
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swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities. |
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** The Fund also had outstanding $88,275,000 of VMTPs at liquidation value, which is not included |
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in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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** The Fund also had outstanding $100,000,000 of VRDPs at liquidation value, which is not included |
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in Total Net Assets because it is treated as a liability for financial reporting purposes. |
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The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The |
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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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