ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. NEW YORK, Feb. 27, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of January 31, 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 | 2.70 % | |
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 | 2.66 % | |
3) Melissa Independent School District Series 2023 4.25%, 02/01/53 | 2.13 % | |
4) Dallas Independent School District Series 2024 4.00%, 02/15/54 | 1.93 % | |
5) City of New York NY Series 2023 4.125%, 08/01/53 | 1.86 % | |
6) Denton Independent School District Series 2023 5.00%, 08/15/48 | 1.82 % | |
7) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 | 1.80 % | |
8) City of El Paso TX Series 2021-C 4.00%, 08/15/47 | 1.71 % | |
9) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 | 1.69 % | |
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62 | 1.65 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 13.44 % | |
Prepay Energy | 6.39 % | |
Revenue - Miscellaneous | 6.01 % | |
Airport | 5.17 % | |
Toll Roads/Transit | 4.22 % | |
Higher Education - Private | 3.36 % | |
Electric Utility | 3.14 % | |
Industrial Development - Industry | 2.76 % | |
Tobacco Securitization | 1.99 % | |
Primary/Secondary Ed. - Public | 1.69 % | |
Port | 1.40 % | |
Industrial Development - Utility | 0.51 % | |
Water & Sewer | 0.39 % | |
Senior Living | 0.23 % | |
SUBTOTAL | 50.70 % | |
Tax Supported | ||
Local G.O. | 17.46 % | |
State G.O. | 7.42 % | |
Special Tax | 6.84 % | |
State Lease | 0.57 % | |
Assessment District | 0.17 % | |
SUBTOTAL | 32.46 % | |
Insured/Guaranteed | ||
Guaranteed | 10.67 % | |
SUBTOTAL | 10.67 % | |
Prerefunded/ETM | 3.62 % | |
Commercial Mortgage-Backed Securities | 2.16 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.39 % | |
SUBTOTAL | 0.39 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
Texas | 15.64 % | |
Illinois | 9.84 % | |
California | 6.31 % | |
New York | 6.10 % | |
Michigan | 6.00 % | |
Florida | 5.86 % | |
Wisconsin | 5.19 % | |
Pennsylvania | 4.81 % | |
New Jersey | 4.74 % | |
Massachusetts | 3.66 % | |
South Carolina | 2.99 % | |
Louisiana | 2.85 % | |
Colorado | 2.26 % | |
Georgia | 2.24 % | |
New Hampshire | 2.02 % | |
Arizona | 1.92 % | |
Ohio | 1.87 % | |
Washington | 1.87 % | |
Minnesota | 1.60 % | |
Nebraska | 1.58 % | |
Nevada | 1.50 % | |
Oklahoma | 1.46 % | |
Virginia | 1.39 % | |
Utah | 1.19 % | |
Iowa | 1.02 % | |
North Carolina | 0.75 % | |
West Virginia | 0.66 % | |
Indiana | 0.49 % | |
North Dakota | 0.42 % | |
Maryland | 0.36 % | |
Arkansas | 0.33 % | |
Oregon | 0.21 % | |
Connecticut | 0.18 % | |
South Dakota | 0.13 % | |
Puerto Rico | 0.10 % | |
Tennessee | 0.07 % | |
Other | 0.39 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 13.96 % | |
AA | 30.28 % | |
A | 29.16 % | |
BBB | 17.52 % | |
BB | 3.86 % | |
B | 0.13 % | |
CCC | 0.10 % | |
D | 0.22 % | |
Not Rated | 0.76 % | |
Pre-refunded Bonds | 3.62 % | |
Short Term Investments | 0.39 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 3.37 % | |
1 To 5 Years | 2.08 % | |
5 To 10 Years | 6.31 % | |
10 To 20 Years | 21.20 % | |
20 To 30 Years | 53.70 % | |
More than 30 Years | 13.34 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 12.02 % | |
Average Coupon: | 4.59 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 2.39 % | |
Auction Preferred Shares (APS): | 0.00 % | |
Tender Option Bonds: | 0.00 % | |
VMTP Shares: | 38.34 % | |
Total Fund Leverage: | 40.73%* | |
Average Maturity: | 10.49 Years | |
Effective Duration: | 7.73 Years | |
Total Net Assets: | $364.47 Million** | |
Common Stock Net Asset Value: | $12.68 | |
Total Number of Holdings: | 173 | |
Portfolio Turnover: | 55.00 % | |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 38.34% in issued and outstanding VMTPs and 2.39% 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.
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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
