AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

PR Newswire · 11/25 21:06

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.

















Top 10 Fixed-Income Holdings



Portfolio %

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





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





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





Housing - Multi-Family



1.09 %

SUBTOTAL



1.09 %

Cash & Cash Equivalents





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 %

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:





AMT Percent:



15.22 %

Average Coupon:



4.55 %

Percentage of Leverage:





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

Total Net Assets:



$361.43 Million**

Common Stock Net Asset Value:



$12.57

Total Number of Holdings:



166

Portfolio Turnover:



55.00 %







* The total percentage of leverage constitutes 7.35% through the use of tender option bonds, 14.77%





in issued and outstanding VMTPs, 16.73% in issued and outstanding VRDPs and 1.38% 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-302315648.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.