NEW YORK, April 23, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of March 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 |
| 2.77 % |
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 |
| 2.71 % |
3) Prosper Independent School District Series 2024 4.00%, 02/15/54 |
| 2.45 % |
4) Melissa Independent School District Series 2023 4.25%, 02/01/53 |
| 2.17 % |
5) Dallas Independent School District Series 2024 4.00%, 02/15/54 |
| 1.94 % |
6) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 |
| 1.89 % |
7) City of New York NY Series 2023 4.125%, 08/01/53 |
| 1.88 % |
8) Denton Independent School District Series 2023 5.00%, 08/15/48 |
| 1.87 % |
9) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
| 1.83 % |
10) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
| 1.74 % |
|
|
|
Sector/Industry Breakdown |
| Portfolio % |
Revenue |
|
|
Health Care - Not-for-Profit |
| 13.64 % |
Prepay Energy |
| 7.39 % |
Revenue - Miscellaneous |
| 6.18 % |
Airport |
| 5.34 % |
Higher Education - Private |
| 3.50 % |
Electric Utility |
| 3.24 % |
Industrial Development - Industry |
| 2.86 % |
Toll Roads/Transit |
| 2.60 % |
Tobacco Securitization |
| 1.92 % |
Port |
| 1.48 % |
Primary/Secondary Ed. - Public |
| 1.34 % |
Water & Sewer |
| 0.58 % |
Industrial Development - Utility |
| 0.53 % |
Senior Living |
| 0.24 % |
SUBTOTAL |
| 50.84 % |
Tax Supported |
|
|
Local G.O. |
| 15.89 % |
State G.O. |
| 7.59 % |
Special Tax |
| 6.93 % |
State Lease |
| 0.59 % |
Assessment District |
| 0.18 % |
SUBTOTAL |
| 31.18 % |
Insured/Guaranteed |
|
|
Guaranteed |
| 13.31 % |
SUBTOTAL |
| 13.31 % |
Prerefunded/ETM |
| 2.46 % |
Commercial Mortgage-Backed Securities |
| 1.24 % |
Asset-Backed |
|
|
Housing - Multi-Family |
| 0.97 % |
SUBTOTAL |
| 0.97 % |
Total |
| 100.00 % |
|
|
|
State Breakdown |
| Portfolio % |
Texas |
| 16.57 % |
Illinois |
| 10.12 % |
New York |
| 6.21 % |
Michigan |
| 5.95 % |
Florida |
| 5.60 % |
California |
| 5.53 % |
Wisconsin |
| 5.42 % |
New Jersey |
| 4.90 % |
Pennsylvania |
| 4.41 % |
Massachusetts |
| 3.73 % |
South Carolina |
| 3.09 % |
Louisiana |
| 2.91 % |
Georgia |
| 2.31 % |
New Hampshire |
| 2.06 % |
Colorado |
| 2.02 % |
Arizona |
| 1.98 % |
Ohio |
| 1.93 % |
Washington |
| 1.92 % |
Minnesota |
| 1.64 % |
Nebraska |
| 1.63 % |
Nevada |
| 1.54 % |
Oklahoma |
| 1.52 % |
Utah |
| 1.23 % |
Iowa |
| 0.90 % |
Virginia |
| 0.88 % |
North Carolina |
| 0.77 % |
West Virginia |
| 0.68 % |
Indiana |
| 0.49 % |
North Dakota |
| 0.43 % |
Maryland |
| 0.38 % |
Arkansas |
| 0.34 % |
Oregon |
| 0.22 % |
Connecticut |
| 0.19 % |
Alaska |
| 0.18 % |
South Dakota |
| 0.14 % |
Puerto Rico |
| 0.11 % |
Tennessee |
| 0.07 % |
Total Investments |
| 100.00 % |
|
|
|
Credit Quality Breakdown |
| Portfolio % |
AAA |
| 16.67 % |
AA |
| 29.49 % |
A |
| 29.16 % |
BBB |
| 17.34 % |
BB |
| 3.63 % |
B |
| 0.13 % |
CCC |
| 0.11 % |
D |
| 0.22 % |
Not Rated |
| 0.79 % |
Pre-refunded Bonds |
| 2.46 % |
Total |
| 100.00 % |
|
|
|
Bonds by Maturity |
| Portfolio % |
Less than 1 Year |
| 1.80 % |
1 To 5 Years |
| 2.15 % |
5 To 10 Years |
| 6.11 % |
10 To 20 Years |
| 21.72 % |
20 To 30 Years |
| 56.77 % |
More than 30 Years |
| 11.45 % |
Other |
| 0.00 % |
Total Net Assets |
| 100.00 % |
|
|
|
Portfolio Statistics: |
|
|
AMT Percent: |
| 11.52 % |
Average Coupon: |
| 4.53 % |
Percentage of Leverage: |
|
|
Bank Borrowing: |
| 0.00 % |
Investment Operations: |
| 0.00 % |
Auction Preferred Shares (APS): |
| 0.00 % |
Tender Option Bonds: |
| 0.00 % |
VMTP Shares: |
| 39.64 % |
Total Fund Leverage: |
| 39.64%* |
Average Maturity: |
| 11.04 Years |
Effective Duration: |
| 8.12 Years |
Total Net Assets: |
| $360.43 Million** |
Common Stock Net Asset Value: |
| $12.54 |
Total Number of Holdings: |
| 167 |
Portfolio Turnover: |
| 55.00 % |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 39.64% in issued and outstanding VMTPs and 0.00% 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 Closed-End Funds