NEW YORK, Sept. 23, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 31, 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


2.71 %

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


2.68 %

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


2.40 %

4) Greenwood Independent School District Series 2024 4.00%, 02/15/54


2.29 %

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


1.94 %

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


1.87 %

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


1.87 %

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


1.83 %

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


1.82 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


11.47 %

Prepay Energy


7.34 %

Revenue - Miscellaneous


7.08 %

Airport


5.17 %

Toll Roads/Transit


3.28 %

Electric Utility


2.46 %

Higher Education - Private


2.31 %

Industrial Development - Industry


2.11 %

Tobacco Securitization


1.87 %

Water & Sewer


1.82 %

Primary/Secondary Ed. - Public


1.80 %

Industrial Development - Airline


1.76 %

Port


1.75 %

Senior Living


0.61 %

Industrial Development - Utility


0.52 %

SUBTOTAL


51.35 %

Tax Supported



Local G.O.


17.56 %

State G.O.


7.21 %

Special Tax


5.67 %

State Lease


0.57 %

Assessment District


0.18 %

SUBTOTAL


31.19 %

Guaranteed


15.43 %

Prerefunded/ETM


0.99 %

Asset-Backed



Housing - Multi-Family


0.77 %

SUBTOTAL


0.77 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.27 %

SUBTOTAL


0.27 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


20.17 %

Illinois


9.38 %

New York


6.61 %

Florida


5.98 %

California


5.54 %

Wisconsin


4.83 %

Michigan


4.54 %

Massachusetts


3.88 %

South Carolina


3.88 %

Pennsylvania


3.52 %

New Jersey


3.30 %

Louisiana


2.84 %

Georgia


2.44 %

Colorado


2.33 %

Arizona


1.99 %

Ohio


1.90 %

Washington


1.90 %

Nevada


1.65 %

Nebraska


1.61 %

Alabama


1.46 %

Oklahoma


1.20 %

Minnesota


1.13 %

Iowa


0.97 %

Virginia


0.88 %

Indiana


0.85 %

Utah


0.77 %

North Carolina


0.76 %

New Hampshire


0.63 %

Tennessee


0.60 %

North Dakota


0.43 %

Maryland


0.37 %

Arkansas


0.34 %

Puerto Rico


0.32 %

Oregon


0.22 %

Connecticut


0.19 %

Alaska


0.18 %

South Dakota


0.14 %

Other


0.27 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


18.72 %

AA


29.69 %

A


27.43 %

BBB


17.27 %

BB


3.97 %

B


0.14 %

CCC


0.12 %

D


0.18 %

Not Rated


1.22 %

Pre-refunded Bonds


0.99 %

Short Term Investments


0.27 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


0.45 %

1 To 5 Years


2.43 %

5 To 10 Years


6.16 %

10 To 20 Years


21.24 %

20 To 30 Years


55.34 %

More than 30 Years


14.38 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


13.08 %

Average Coupon:


4.59 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.36 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


7.37 %

VMTP Shares:


14.81 %

VRDP Shares:


16.78 %

Total Fund Leverage:


39.32%*

Average Maturity:


   10.66 Years

Effective Duration:


   11.09 Years

Total Net Assets:


$365.87 Million**

Common Stock Net Asset Value:


$12.73

Total Number of Holdings:


165

Portfolio Turnover:


55.00 %


* The total percentage of leverage constitutes 7.37% through the use of tender option bonds, 14.81% in issued and outstanding VMTPs, 16.78% in issued and outstanding VRDPs 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 $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-302255987.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Copyright 2024 PR Newswire

AllianceBernstein Nation... (NYSE:AFB)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more AllianceBernstein Nation... Charts.
AllianceBernstein Nation... (NYSE:AFB)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more AllianceBernstein Nation... Charts.