AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

23.12.24 22:06 Uhr

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


2.71 %

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


2.66 %

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


2.47 %

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


2.35 %

5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53


2.17 %

6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54


1.99 %

7) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54


1.90 %

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


1.90 %

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


1.84 %

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


1.82 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


11.37 %

Revenue - Miscellaneous


8.15 %

Prepay Energy


7.30 %

Airport


6.24 %

Industrial Development - Airline


3.65 %

Toll Roads/Transit


3.26 %

Higher Education - Private


2.19 %

Water & Sewer


2.16 %

Primary/Secondary Ed. - Public


2.13 %

Industrial Development - Industry


2.11 %

Electric Utility


2.08 %

Port


1.87 %

Tobacco Securitization


1.85 %

Senior Living


0.96 %

Industrial Development - Utility


0.51 %

SUBTOTAL


55.83 %

Tax Supported



Local G.O.


14.20 %

State G.O.


6.13 %

Special Tax


4.92 %

Assessment District


0.18 %

SUBTOTAL


25.43 %

Guaranteed


15.68 %

Prerefunded/ETM


2.07 %

Asset-Backed



Housing - Multi-Family


0.92 %

SUBTOTAL


0.92 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.07 %

SUBTOTAL


0.07 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


19.33 %

Illinois


8.82 %

New York


7.87 %

Florida


5.95 %

California


5.71 %

Wisconsin


5.25 %

Michigan


4.52 %

South Carolina


4.49 %

Massachusetts


3.86 %

Pennsylvania


3.60 %

New Jersey


2.70 %

Louisiana


2.66 %

Colorado


2.42 %

Arizona


1.98 %

Washington


1.90 %

Alabama


1.81 %

Ohio


1.77 %

Nebraska


1.60 %

Nevada


1.55 %

Georgia


1.34 %

Oklahoma


1.20 %

New Hampshire


1.15 %

Minnesota


1.13 %

Iowa


0.97 %

Virginia


0.88 %

Indiana


0.86 %

Utah


0.78 %

North Carolina


0.76 %

Tennessee


0.52 %

North Dakota


0.43 %

Maryland


0.37 %

Puerto Rico


0.34 %

Arkansas


0.33 %

Oregon


0.23 %

Connecticut


0.20 %

Alaska


0.18 %

South Dakota


0.14 %

Other


0.40 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


18.95 %

AA


28.21 %

A


25.37 %

BBB


16.88 %

BB


5.42 %

B


0.48 %

Not Rated


2.55 %

Pre-refunded Bonds


2.07 %

Short Term Investments


0.07 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


1.34 %

1 To 5 Years


3.28 %

5 To 10 Years


4.75 %

10 To 20 Years


18.38 %

20 To 30 Years


58.97 %

More than 30 Years


13.28 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


17.09 %

Average Coupon:


4.49 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.48 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


7.35 %

VMTP Shares:


14.76 %

VRDP Shares:


16.72 %

Total Fund Leverage:


39.31%*

Average Maturity:


    9.83 Years

Effective Duration:


    7.96 Years

Total Net Assets:


$370.42 Million**

Common Stock Net Asset Value:


$12.89

Total Number of Holdings:


166

Portfolio Turnover:


55.00 %


* The total percentage of leverage constitutes 7.35% through the use of tender option bonds, 14.76% in issued and outstanding VMTPs, 16.72% in issued and outstanding VRDPs and 0.48% 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.

 

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.