NEW YORK, July 22, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2024.

AllianceBernstein National Municipal Income Fund, Inc.

 Top 10 Fixed-Income Holdings 


Portfolio % 

1) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53


2.73 %

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


2.67 %

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


2.41 %

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


2.15 %

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


1.89 %

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


1.87 %

9) Denton Independent School District Series 2024-2 5.00%, 08/15/48


1.85 %

10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53


1.82 %




 Sector/Industry Breakdown 


Portfolio %

Revenue



Health Care - Not-for-Profit


12.72 %

Prepay Energy


7.30 %

Revenue - Miscellaneous


6.10 %

Airport


4.84 %

Toll Roads/Transit


3.29 %

Electric Utility


3.10 %

Higher Education - Private


3.03 %

Industrial Development - Industry


2.89 %

Tobacco Securitization


1.89 %

Industrial Development - Airline


1.76 %

Port


1.50 %

Primary/Secondary Ed. - Public


1.33 %

Water & Sewer


0.91 %

Senior Living


0.61 %

Industrial Development - Utility


0.52 %

SUBTOTAL


51.79 %

Tax Supported



Local G.O.


15.74 %

State G.O.


7.25 %

Special Tax


5.44 %

State Lease


0.58 %

Assessment District


0.18 %

SUBTOTAL


29.19 %

Guaranteed


15.47 %

Prerefunded/ETM


2.23 %

Asset-Backed



Housing - Multi-Family


1.24 %

SUBTOTAL


1.24 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.08 %

SUBTOTAL


0.08 %

Total


100.00 %




 State Breakdown


Portfolio % 

Texas


18.33 %

Illinois


9.78 %

New York


7.30 %

Michigan


6.77 %

Florida


6.13 %

California


5.50 %

Wisconsin


4.87 %

South Carolina


3.89 %

Massachusetts


3.71 %

Pennsylvania


3.49 %

New Jersey


3.32 %

Louisiana


2.87 %

Colorado


2.33 %

Georgia


2.18 %

Arizona


1.98 %

Ohio


1.92 %

Washington


1.89 %

Nebraska


1.61 %

Nevada


1.54 %

Oklahoma


1.20 %

Minnesota


1.13 %

New Hampshire


1.10 %

Iowa


0.90 %

Virginia


0.88 %

Utah


0.78 %

North Carolina


0.76 %

West Virginia


0.67 %

Alabama


0.54 %

Indiana


0.51 %

North Dakota


0.43 %

Maryland


0.37 %

Arkansas


0.34 %

Oregon


0.22 %

Connecticut


0.19 %

Alaska


0.18 %

South Dakota


0.14 %

Puerto Rico


0.10 %

Tennessee


0.07 %

Other


0.08 %

Total Investments


100.00 %




 Credit Quality Breakdown


Portfolio % 

AAA


18.79 %

AA


29.00 %

A


27.92 %

BBB


17.95 %

BB


2.79 %

B


0.14 %

CCC


0.11 %

D


0.18 %

Not Rated


0.81 %

Pre-refunded Bonds


2.23 %

Short Term Investments


0.08 %

Total


100.00 %




 Bonds by Maturity


Portfolio % 

Less than 1 Year


2.48 %

1 To 5 Years


2.44 %

5 To 10 Years


3.78 %

10 To 20 Years


20.16 %

20 To 30 Years


57.95 %

More than 30 Years


13.19 %

Other


0.00 %

Total Net Assets


100.00 %




 Portfolio Statistics: 



AMT Percent:


16.38 %

Average Coupon:


4.44 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.35 %

VRDP Shares:


16.88 %

Tender Option Bonds:


7.41 %

VMTP Shares:


14.90 %

Total Fund Leverage:


39.54%*

Average Maturity:


   11.82 Years

Effective Duration:


    8.93 Years

Total Net Assets:


$359.51 Million**

Common Stock Net Asset Value:


$12.51

Total Number of Holdings:


160

Portfolio Turnover:


55.00 %


* The total percentage of leverage constitutes 7.41% through the use of tender option bonds, 14.90% in issued and outstanding VMTPs, 16.88% in issued and outstanding VRDPs, and 0.35% 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 $88,275,000 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 Fund also had outstanding $100,000,000 of VRDPs 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-302203149.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Copyright 2024 PR Newswire

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