NEW YORK, March 26, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of February 29, 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


2.69 %

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


2.65 %

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


2.39 %

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


2.12 %

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


1.91 %

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


1.84 %

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


1.82 %

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


1.80 %

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


1.64 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


13.27 %

Prepay Energy


6.37 %

Revenue - Miscellaneous


6.00 %

Airport


5.18 %

Toll Roads/Transit


3.72 %

Higher Education - Private


3.38 %

Electric Utility


3.14 %

Industrial Development - Industry


2.75 %

Tobacco Securitization


1.85 %

Port


1.42 %

Primary/Secondary Ed. - Public


1.30 %

Industrial Development - Utility


0.51 %

Water & Sewer


0.39 %

Senior Living


0.23 %

SUBTOTAL


49.51 %

Tax Supported



Local G.O.


15.68 %

State G.O.


7.40 %

Special Tax


6.80 %

State Lease


0.57 %

Assessment District


0.17 %

SUBTOTAL


30.62 %

Insured/Guaranteed



Guaranteed


13.00 %

SUBTOTAL


13.00 %

Prerefunded/ETM


3.10 %

Commercial Mortgage-Backed Securities


2.15 %

Cash & Cash Equivalents



Funds and Investment Trusts


1.62 %

SUBTOTAL


1.62 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


16.24 %

Illinois


9.82 %

New York


7.43 %

Michigan


5.96 %

Florida


5.47 %

California


5.36 %

Wisconsin


5.21 %

Pennsylvania


4.81 %

New Jersey


4.75 %

Massachusetts


3.65 %

South Carolina


3.00 %

Louisiana


2.84 %

Georgia


2.24 %

New Hampshire


2.01 %

Arizona


1.94 %

Ohio


1.87 %

Washington


1.87 %

Minnesota


1.60 %

Nebraska


1.57 %

Nevada


1.50 %

Oklahoma


1.47 %

Utah


1.19 %

Colorado


1.14 %

Iowa


0.87 %

Virginia


0.86 %

North Carolina


0.75 %

West Virginia


0.66 %

Indiana


0.48 %

North Dakota


0.42 %

Maryland


0.37 %

Arkansas


0.33 %

Oregon


0.21 %

Connecticut


0.19 %

South Dakota


0.13 %

Puerto Rico


0.10 %

Tennessee


0.07 %

Other


1.62 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


16.27 %

AA


28.45 %

A


29.01 %

BBB


16.44 %

BB


3.90 %

B


0.13 %

CCC


0.10 %

D


0.22 %

Not Rated


0.76 %

Pre-refunded Bonds


3.10 %

Short Term Investments


1.62 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


4.08 %

1 To 5 Years


2.09 %

5 To 10 Years


6.10 %

10 To 20 Years


21.50 %

20 To 30 Years


55.29 %

More than 30 Years


10.94 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


11.74 %

Average Coupon:


4.55 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


2.37 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


0.00 %

VMTP Shares:


38.40 %

Total Fund Leverage:


40.77%*

Average Maturity:


   10.90 Years

Effective Duration:


    7.95 Years

Total Net Assets:


$362.71 Million**

Common Stock Net Asset Value:


$12.62

Total Number of Holdings:


169

Portfolio Turnover:


55.00 %


* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 38.40%in issued and outstanding VMTPs and 2.37% 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-302100140.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.