AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update
Rhea-AI Summary
AllianceBernstein National Municipal Income Fund [NYSE: AFB] has released its monthly portfolio update as of October 31, 2024. The fund's total net assets stand at $361.43 Million, with a common stock net asset value of $12.57. The portfolio consists of 166 holdings with a turnover rate of 55.00%.
Key portfolio metrics include an average coupon of 4.55%, average maturity of 11.53 years, and effective duration of 8.92 years. The fund maintains significant positions in Texas (19.18%), Illinois (8.73%), and New York (7.71%). Credit quality is predominantly in AA (29.86%) and A (25.06%) rated securities, with the majority of bonds (55.94%) having maturities between 20-30 years.
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AllianceBernstein National Municipal Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) Lamar Consolidated Independent School District Series 2024-2 | 2.67 % | |
2) City of New Orleans LA Series 2021-A | 2.64 % | |
3) Prosper Independent School District Series 2024 | 2.42 % | |
4) Greenwood Independent School District Series 2024 | 2.27 % | |
5) Melissa Independent School District Series 2024-2 | 2.13 % | |
6) Dallas Independent School District Series 2024-2 | 1.95 % | |
7) City of New York NY Series 2023 | 1.84 % | |
8) New York Transportation Development Corp. Series 2024 | 1.83 % | |
9) Public Authority for Colorado Energy Series 2008 | 1.81 % | |
10) Denton Independent School District Series 2024-2 | 1.80 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 10.67 % | |
Revenue - Miscellaneous | 7.62 % | |
Prepay Energy | 7.18 % | |
Airport | 6.18 % | |
Industrial Development - Airline | 3.56 % | |
Toll Roads/Transit | 3.24 % | |
Industrial Development - Industry | 2.43 % | |
Higher Education - Private | 2.17 % | |
Water & Sewer | 2.13 % | |
Electric Utility | 2.06 % | |
Tobacco Securitization | 1.85 % | |
Port | 1.83 % | |
Primary/Secondary Ed. - Public | 1.77 % | |
Senior Living | 0.95 % | |
Industrial Development - Utility | 0.51 % | |
SUBTOTAL | 54.15 % | |
Tax Supported | ||
Local G.O. | 16.13 % | |
State G.O. | 6.00 % | |
Special Tax | 4.97 % | |
Assessment District | 0.17 % | |
SUBTOTAL | 27.27 % | |
Guaranteed | 15.34 % | |
Prerefunded/ETM | 2.06 % | |
Asset-Backed | ||
Housing - Multi-Family | 1.09 % | |
SUBTOTAL | 1.09 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.09 % | |
SUBTOTAL | 0.09 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
19.18 % | ||
8.73 % | ||
7.71 % | ||
7.29 % | ||
5.47 % | ||
5.02 % | ||
4.48 % | ||
4.42 % | ||
3.82 % | ||
3.56 % | ||
2.70 % | ||
2.64 % | ||
2.38 % | ||
1.95 % | ||
1.86 % | ||
1.78 % | ||
1.76 % | ||
1.59 % | ||
1.51 % | ||
1.32 % | ||
1.19 % | ||
1.13 % | ||
1.12 % | ||
0.95 % | ||
0.87 % | ||
0.84 % | ||
0.77 % | ||
0.75 % | ||
0.52 % | ||
0.43 % | ||
0.42 % | ||
0.37 % | ||
0.33 % | ||
0.22 % | ||
0.19 % | ||
0.18 % | ||
0.13 % | ||
Other | 0.42 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 18.58 % | |
AA | 29.86 % | |
A | 25.06 % | |
BBB | 16.90 % | |
BB | 4.51 % | |
B | 0.47 % | |
Not Rated | 2.47 % | |
Pre-refunded Bonds | 2.06 % | |
Short Term Investments | 0.09 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 1.36 % | |
1 To 5 Years | 3.28 % | |
5 To 10 Years | 4.89 % | |
10 To 20 Years | 18.85 % | |
20 To 30 Years | 55.94 % | |
More than 30 Years | 15.68 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 15.22 % | |
Average Coupon: | 4.55 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 1.38 % | |
Auction Preferred Shares (APS): | 0.00 % | |
Tender Option Bonds: | 7.35 % | |
VMTP Shares: | 14.77 % | |
VRDP Shares: | 16.73 % | |
Total Fund Leverage: | ||
Average Maturity: | 11.53 Years | |
Effective Duration: | 8.92 Years | |
Total Net Assets: | ||
Common Stock Net Asset Value: | ||
Total Number of Holdings: | 166 | |
Portfolio Turnover: | 55.00 % | |
* The total percentage of leverage constitutes | ||
in issued and outstanding VMTPs, | ||
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 | ||
in Total Net Assets because it is treated as a liability for financial reporting purposes. | ||
** The Fund also had outstanding | ||
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 | ||
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302315648.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
FAQ
What is the total net asset value of AllianceBernstein National Municipal Income Fund (AFB) as of October 31, 2024?
What are the top 3 state exposures in AFB's portfolio as of October 2024?
What is the current leverage structure of AFB?
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