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. |
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.