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

NEW YORK, July 22, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 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		2.73 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.67 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54		2.41 %
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		2.15 %
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		1.89 %
8) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38		1.87 %
9) Denton Independent School District Series 2024-2 5.00%, 08/15/48		1.85 %
10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53		1.82 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		12.72 %
Prepay Energy		7.30 %
Revenue - Miscellaneous		6.10 %
Airport		4.84 %
Toll Roads/Transit		3.29 %
Electric Utility		3.10 %
Higher Education - Private		3.03 %
Industrial Development - Industry		2.89 %
Tobacco Securitization		1.89 %
Industrial Development - Airline		1.76 %
Port		1.50 %
Primary/Secondary Ed. - Public		1.33 %
Water & Sewer		0.91 %
Senior Living		0.61 %
Industrial Development - Utility		0.52 %
SUBTOTAL		51.79 %
Tax Supported
Local G.O.		15.74 %
State G.O.		7.25 %
Special Tax		5.44 %
State Lease		0.58 %
Assessment District		0.18 %
SUBTOTAL		29.19 %
Guaranteed		15.47 %
Prerefunded/ETM		2.23 %
Asset-Backed
Housing - Multi-Family		1.24 %
SUBTOTAL		1.24 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.08 %
SUBTOTAL		0.08 %
Total		100.00 %
State Breakdown		Portfolio %
Texas		18.33 %
Illinois		9.78 %
New York		7.30 %
Michigan		6.77 %
Florida		6.13 %
California		5.50 %
Wisconsin		4.87 %
South Carolina		3.89 %
Massachusetts		3.71 %
Pennsylvania		3.49 %
New Jersey		3.32 %
Louisiana		2.87 %
Colorado		2.33 %
Georgia		2.18 %
Arizona		1.98 %
Ohio		1.92 %
Washington		1.89 %
Nebraska		1.61 %
Nevada		1.54 %
Oklahoma		1.20 %
Minnesota		1.13 %
New Hampshire		1.10 %
Iowa		0.90 %
Virginia		0.88 %
Utah		0.78 %
North Carolina		0.76 %
West Virginia		0.67 %
Alabama		0.54 %
Indiana		0.51 %
North Dakota		0.43 %
Maryland		0.37 %
Arkansas		0.34 %
Oregon		0.22 %
Connecticut		0.19 %
Alaska		0.18 %
South Dakota		0.14 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Other		0.08 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		18.79 %
AA		29.00 %
A		27.92 %
BBB		17.95 %
BB		2.79 %
B		0.14 %
CCC		0.11 %
D		0.18 %
Not Rated		0.81 %
Pre-refunded Bonds		2.23 %
Short Term Investments		0.08 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		2.48 %
1 To 5 Years		2.44 %
5 To 10 Years		3.78 %
10 To 20 Years		20.16 %
20 To 30 Years		57.95 %
More than 30 Years		13.19 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		16.38 %
Average Coupon:		4.44 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.35 %
VRDP Shares:		16.88 %
Tender Option Bonds:		7.41 %
VMTP Shares:		14.90 %
Total Fund Leverage:		39.54%*
Average Maturity:		11.82 Years
Effective Duration:		8.93 Years
Total Net Assets:		$359.51 Million**
Common Stock Net Asset Value:		$12.51
Total Number of Holdings:		160
Portfolio Turnover:		55.00 %

* The total percentage of leverage constitutes 7.41% through the use of tender option bonds, 14.90% in issued and outstanding VMTPs, 16.88% in issued and outstanding VRDPs, and 0.35% 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.

 

View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302203149.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Copyright 2024 PR Newswire