NEW YORK, May 24, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of April 30, 2024. 

AllianceBernstein National Municipal Income Fund, Inc.

Top 10 Fixed-Income Holdings


Portfolio %

1) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53


2.75 %

2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46


2.72 %

3) Prosper Independent School District Series 2024 4.00%, 02/15/54


2.43 %

4) Melissa Independent School District Series 2023 4.25%, 02/01/53


2.16 %

5) Dallas Independent School District Series 2024 4.00%, 02/15/54


1.93 %

6) City of New York NY Series 2023 4.125%, 08/01/53


1.88 %

7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38


1.88 %

8) Denton Independent School District Series 2023 5.00%, 08/15/48


1.86 %

9) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53


1.84 %

10) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58


1.75 %

 

Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


13.67 %

Prepay Energy


7.37 %

Revenue - Miscellaneous


6.20 %

Airport


5.35 %

Electric Utility


3.12 %

Higher Education - Private


2.99 %

Toll Roads/Transit


2.92 %

Industrial Development - Industry


2.81 %

Tobacco Securitization


1.92 %

Port


1.45 %

Primary/Secondary Ed. - Public


1.33 %

Water & Sewer


1.13 %

Industrial Development - Utility


0.53 %

Senior Living


0.24 %

SUBTOTAL


51.03 %

Tax Supported



Local G.O.


15.86 %

State G.O.


7.61 %

Special Tax


6.82 %

State Lease


0.59 %

Assessment District


0.18 %

SUBTOTAL


31.06 %

Insured/Guaranteed



Guaranteed


13.25 %

SUBTOTAL


13.25 %

Prerefunded/ETM


2.32 %

Commercial Mortgage-Backed Securities


1.24 %

Asset-Backed



Housing - Multi-Family


0.97 %

SUBTOTAL


0.97 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.13 %

SUBTOTAL


0.13 %

Total


100.00 %

 

State Breakdown


Portfolio %

Texas


16.28 %

Illinois


10.12 %

New York


6.24 %

Michigan


6.01 %

Florida


5.72 %

California


5.50 %

New Jersey


4.95 %

Wisconsin


4.89 %

Pennsylvania


4.42 %

Massachusetts


3.75 %

South Carolina


3.10 %

Louisiana


2.92 %

Georgia


2.21 %

New Hampshire


2.05 %

Colorado


2.00 %

Arizona


1.97 %

Ohio


1.93 %

Washington


1.91 %

Minnesota


1.66 %

Nebraska


1.64 %

Oklahoma


1.53 %

Nevada


1.52 %

Utah


1.24 %

Iowa


0.90 %

Virginia


0.88 %

North Carolina


0.77 %

West Virginia


0.68 %

Alabama


0.55 %

Indiana


0.48 %

North Dakota


0.43 %

Maryland


0.38 %

Arkansas


0.35 %

Oregon


0.22 %

Connecticut


0.19 %

Alaska


0.18 %

South Dakota


0.13 %

Puerto Rico


0.10 %

Tennessee


0.07 %

Other


0.13 %

Total Investments


100.00 %

 

Credit Quality Breakdown


Portfolio %

AAA


16.63 %

AA


29.84 %

A


29.48 %

BBB


17.37 %

BB


2.79 %

B


0.31 %

CCC


0.11 %

D


0.23 %

Not Rated


0.79 %

Pre-refunded Bonds


2.32 %

Short Term Investments


0.13 %

Total


100.00 %

 

Bonds by Maturity


Portfolio %

Less than 1 Year


1.78 %

1 To 5 Years


2.16 %

5 To 10 Years


6.15 %

10 To 20 Years


21.74 %

20 To 30 Years


56.89 %

More than 30 Years


11.28 %

Other


0.00 %

Total Net Assets


100.00 %

 

Portfolio Statistics:



AMT Percent:


11.40 %

Average Coupon:


4.52 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.36 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


0.00 %

VMTP Shares:


40.25 %

Total Fund Leverage:


               40.61%*

Average Maturity:


          12.08 Years

Effective Duration:


           8.28 Years

Total Net Assets:


  $350.58 Million**

Common Stock Net Asset Value:


$12.20

Total Number of Holdings:


167

Portfolio Turnover:


55.00 %

 

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.25% in issued and outstanding VMTPs and 0.36% 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.

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302155400.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Copyright 2024 PR Newswire

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