NEW YORK, May 24, 2024 /PRNewswire/ — AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the “Fund”) today released its monthly portfolio update as of April 30, 2024.
AllianceBernstein National Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings |
Portfolio % |
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1) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53 |
2.75 % |
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2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 |
2.72 % |
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3) Prosper Independent School District Series 2024 4.00%, 02/15/54 |
2.43 % |
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4) Melissa Independent School District Series 2023 4.25%, 02/01/53 |
2.16 % |
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5) Dallas Independent School District Series 2024 4.00%, 02/15/54 |
1.93 % |
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6) City of New York NY Series 2023 4.125%, 08/01/53 |
1.88 % |
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7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 |
1.88 % |
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8) Denton Independent School District Series 2023 5.00%, 08/15/48 |
1.86 % |
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9) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 |
1.84 % |
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10) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58 |
1.75 % |
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Sector/Industry Breakdown |
Portfolio % |
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Revenue |
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Health Care – Not-for-Profit |
13.67 % |
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Prepay Energy |
7.37 % |
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Revenue – Miscellaneous |
6.20 % |
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Airport |
5.35 % |
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Electric Utility |
3.12 % |
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Higher Education – Private |
2.99 % |
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Toll Roads/Transit |
2.92 % |
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Industrial Development – Industry |
2.81 % |
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Tobacco Securitization |
1.92 % |
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Port |
1.45 % |
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Primary/Secondary Ed. – Public |
1.33 % |
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Water & Sewer |
1.13 % |
|
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Industrial Development – Utility |
0.53 % |
|
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Senior Living |
0.24 % |
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SUBTOTAL |
51.03 % |
|
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Tax Supported |
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Local G.O. |
15.86 % |
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State G.O. |
7.61 % |
|
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Special Tax |
6.82 % |
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State Lease |
0.59 % |
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Assessment District |
0.18 % |
|
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SUBTOTAL |
31.06 % |
|
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Insured/Guaranteed |
||
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Guaranteed |
13.25 % |
|
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SUBTOTAL |
13.25 % |
|
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Prerefunded/ETM |
2.32 % |
|
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Commercial Mortgage-Backed Securities |
1.24 % |
|
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Asset-Backed |
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Housing – Multi-Family |
0.97 % |
|
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SUBTOTAL |
0.97 % |
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Cash & Cash Equivalents |
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Funds and Investment Trusts |
0.13 % |
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SUBTOTAL |
0.13 % |
|
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Total |
100.00 % |
|
State Breakdown |
Portfolio % |
|
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Texas |
16.28 % |
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Illinois |
10.12 % |
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New York |
6.24 % |
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Michigan |
6.01 % |
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Florida |
5.72 % |
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California |
5.50 % |
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New Jersey |
4.95 % |
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Wisconsin |
4.89 % |
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Pennsylvania |
4.42 % |
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Massachusetts |
3.75 % |
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South Carolina |
3.10 % |
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Louisiana |
2.92 % |
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Georgia |
2.21 % |
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New Hampshire |
2.05 % |
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Colorado |
2.00 % |
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Arizona |
1.97 % |
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Ohio |
1.93 % |
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Washington |
1.91 % |
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Minnesota |
1.66 % |
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Nebraska |
1.64 % |
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Oklahoma |
1.53 % |
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Nevada |
1.52 % |
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Utah |
1.24 % |
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Iowa |
0.90 % |
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Virginia |
0.88 % |
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North Carolina |
0.77 % |
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West Virginia |
0.68 % |
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Alabama |
0.55 % |
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Indiana |
0.48 % |
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North Dakota |
0.43 % |
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Maryland |
0.38 % |
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Arkansas |
0.35 % |
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Oregon |
0.22 % |
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Connecticut |
0.19 % |
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Alaska |
0.18 % |
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South Dakota |
0.13 % |
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Puerto Rico |
0.10 % |
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Tennessee |
0.07 % |
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Other |
0.13 % |
|
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Total Investments |
100.00 % |
|
Credit Quality Breakdown |
Portfolio % |
|
|
AAA |
16.63 % |
|
|
AA |
29.84 % |
|
|
A |
29.48 % |
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BBB |
17.37 % |
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BB |
2.79 % |
|
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B |
0.31 % |
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CCC |
0.11 % |
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D |
0.23 % |
|
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Not Rated |
0.79 % |
|
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Pre-refunded Bonds |
2.32 % |
|
|
Short Term Investments |
0.13 % |
|
|
Total |
100.00 % |
|
Bonds by Maturity |
Portfolio % |
|
|
Less than 1 Year |
1.78 % |
|
|
1 To 5 Years |
2.16 % |
|
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5 To 10 Years |
6.15 % |
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10 To 20 Years |
21.74 % |
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20 To 30 Years |
56.89 % |
|
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More than 30 Years |
11.28 % |
|
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Other |
0.00 % |
|
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Total Net Assets |
100.00 % |
|
Portfolio Statistics: |
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AMT Percent: |
11.40 % |
|
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Average Coupon: |
4.52 % |
|
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Percentage of Leverage: |
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Bank Borrowing: |
0.00 % |
|
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Investment Operations: |
0.36 % |
|
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Auction Preferred Shares (APS): |
0.00 % |
|
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Tender Option Bonds: |
0.00 % |
|
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VMTP Shares: |
40.25 % |
|
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Total Fund Leverage: |
40.61%* |
|
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Average Maturity: |
12.08 Years |
|
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Effective Duration: |
8.28 Years |
|
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Total Net Assets: |
$350.58 Million** |
|
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Common Stock Net Asset Value: |
$12.20 |
|
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Total Number of Holdings: |
167 |
|
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Portfolio Turnover: |
55.00 % |
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.25% in issued and outstanding VMTPs 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 $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.
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
