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

NEW YORK, Sept. 23, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 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		2.71 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.68 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54		2.40 %
4) Greenwood Independent School District Series 2024 4.00%, 02/15/54		2.29 %
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		1.94 %
7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38		1.87 %
8) City of New York NY Series 2023 4.125%, 08/01/53		1.87 %
9) Denton Independent School District Series 2024-2 5.00%, 08/15/48		1.83 %
10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53		1.82 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		11.47 %
Prepay Energy		7.34 %
Revenue - Miscellaneous		7.08 %
Airport		5.17 %
Toll Roads/Transit		3.28 %
Electric Utility		2.46 %
Higher Education - Private		2.31 %
Industrial Development - Industry		2.11 %
Tobacco Securitization		1.87 %
Water & Sewer		1.82 %
Primary/Secondary Ed. - Public		1.80 %
Industrial Development - Airline		1.76 %
Port		1.75 %
Senior Living		0.61 %
Industrial Development - Utility		0.52 %
SUBTOTAL		51.35 %
Tax Supported
Local G.O.		17.56 %
State G.O.		7.21 %
Special Tax		5.67 %
State Lease		0.57 %
Assessment District		0.18 %
SUBTOTAL		31.19 %
Guaranteed		15.43 %
Prerefunded/ETM		0.99 %
Asset-Backed
Housing - Multi-Family		0.77 %
SUBTOTAL		0.77 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.27 %
SUBTOTAL		0.27 %
Total		100.00 %
State Breakdown		Portfolio %
Texas		20.17 %
Illinois		9.38 %
New York		6.61 %
Florida		5.98 %
California		5.54 %
Wisconsin		4.83 %
Michigan		4.54 %
Massachusetts		3.88 %
South Carolina		3.88 %
Pennsylvania		3.52 %
New Jersey		3.30 %
Louisiana		2.84 %
Georgia		2.44 %
Colorado		2.33 %
Arizona		1.99 %
Ohio		1.90 %
Washington		1.90 %
Nevada		1.65 %
Nebraska		1.61 %
Alabama		1.46 %
Oklahoma		1.20 %
Minnesota		1.13 %
Iowa		0.97 %
Virginia		0.88 %
Indiana		0.85 %
Utah		0.77 %
North Carolina		0.76 %
New Hampshire		0.63 %
Tennessee		0.60 %
North Dakota		0.43 %
Maryland		0.37 %
Arkansas		0.34 %
Puerto Rico		0.32 %
Oregon		0.22 %
Connecticut		0.19 %
Alaska		0.18 %
South Dakota		0.14 %
Other		0.27 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		18.72 %
AA		29.69 %
A		27.43 %
BBB		17.27 %
BB		3.97 %
B		0.14 %
CCC		0.12 %
D		0.18 %
Not Rated		1.22 %
Pre-refunded Bonds		0.99 %
Short Term Investments		0.27 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		0.45 %
1 To 5 Years		2.43 %
5 To 10 Years		6.16 %
10 To 20 Years		21.24 %
20 To 30 Years		55.34 %
More than 30 Years		14.38 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		13.08 %
Average Coupon:		4.59 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.36 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		7.37 %
VMTP Shares:		14.81 %
VRDP Shares:		16.78 %
Total Fund Leverage:		39.32%*
Average Maturity:		10.66 Years
Effective Duration:		11.09 Years
Total Net Assets:		$365.87 Million**
Common Stock Net Asset Value:		$12.73
Total Number of Holdings:		165
Portfolio Turnover:		55.00 %

* The total percentage of leverage constitutes 7.37% through the use of tender option bonds, 14.81% in issued and outstanding VMTPs, 16.78% in issued and outstanding VRDPs and 0.36% 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-302255987.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

Copyright 2024 PR Newswire