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 December 31, 2024. The fund's total net assets stand at $358.53 Million, with a common stock net asset value of $12.47.
The portfolio shows significant diversification across states, with Texas leading at 19.24%, followed by Illinois (7.89%) and New York (7.51%). In terms of credit quality, the majority of holdings are in AA (27.70%) and A (25.86%) rated securities. The fund maintains a strong focus on longer-term investments, with 59.18% of bonds having 20-30 year maturities.
The fund's top holding is Lamar Consolidated Independent School District Series 2024-2 at 2.72%. The portfolio leveraging stands at 39.75%, including 7.52% in Tender Option Bonds, 15.11% in VMTP Shares, and 17.12% in VRDP Shares. The fund maintains 166 total holdings with a portfolio turnover of 32.00%.
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News Market Reaction – AFB
On the day this news was published, AFB gained 0.01%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AllianceBernstein National Municipal Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) Lamar Consolidated Independent School District Series 2024-2 | 2.72 % | |
2) City of New Orleans LA Series 2021-A | 2.67 % | |
3) Prosper Independent School District Series 2024 | 2.44 % | |
4) Greenwood Independent School District Series 2024 | 2.31 % | |
5) Melissa Independent School District Series 2024-2 | 2.20 % | |
6) Dallas Independent School District Series 2024-2 | 1.96 % | |
7) City of New York NY Series 2023 | 1.89 % | |
8) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 | 1.84 % | |
9) Public Authority for Colorado Energy Series 2008 | 1.84 % | |
10) Denton Independent School District Series 2024-2 | 1.83 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 11.31 % | |
Revenue - Miscellaneous | 8.40 % | |
Prepay Energy | 7.29 % | |
Airport | 6.30 % | |
Industrial Development - Airline | 3.62 % | |
Toll Roads/Transit | 3.31 % | |
Primary/Secondary Ed. - Public | 2.83 % | |
Port | 2.37 % | |
Higher Education - Private | 2.21 % | |
Water & Sewer | 2.18 % | |
Industrial Development - Industry | 2.11 % | |
Electric Utility | 2.10 % | |
Tobacco Securitization | 1.88 % | |
Senior Living | 0.96 % | |
Industrial Development - Utility | 0.53 % | |
SUBTOTAL | 57.40 % | |
Tax Supported | ||
Local G.O. | 13.73 % | |
State G.O. | 6.12 % | |
Special Tax | 4.65 % | |
Assessment District | 0.18 % | |
SUBTOTAL | 24.68 % | |
Guaranteed | 15.60 % | |
Prerefunded/ETM | 1.27 % | |
Asset-Backed | ||
Housing - Multi-Family | 0.92 % | |
SUBTOTAL | 0.92 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.13 % | |
SUBTOTAL | 0.13 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
19.24 % | ||
7.89 % | ||
7.51 % | ||
5.99 % | ||
5.94 % | ||
5.72 % | ||
4.59 % | ||
4.52 % | ||
3.88 % | ||
3.63 % | ||
2.67 % | ||
2.58 % | ||
2.43 % | ||
2.16 % | ||
1.98 % | ||
1.91 % | ||
1.79 % | ||
1.62 % | ||
1.48 % | ||
1.36 % | ||
1.21 % | ||
1.21 % | ||
1.14 % | ||
0.97 % | ||
0.88 % | ||
0.86 % | ||
0.78 % | ||
0.76 % | ||
0.67 % | ||
0.53 % | ||
0.38 % | ||
0.35 % | ||
0.34 % | ||
0.34 % | ||
0.22 % | ||
0.20 % | ||
0.14 % | ||
Other | 0.13 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 18.57 % | |
AA | 27.70 % | |
A | 25.86 % | |
BBB | 17.34 % | |
BB | 5.74 % | |
B | 0.81 % | |
Not Rated | 2.58 % | |
Pre-refunded Bonds | 1.27 % | |
Short Term Investments | 0.13 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 0.60 % | |
1 To 5 Years | 2.99 % | |
5 To 10 Years | 4.55 % | |
10 To 20 Years | 18.65 % | |
20 To 30 Years | 59.18 % | |
More than 30 Years | 14.03 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 17.57 % | |
Average Coupon: | 4.41 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 0.00 % | |
Auction Preferred Shares (APS): | 0.00 % | |
Tender Option Bonds: | 7.52 % | |
VMTP Shares: | 15.11 % | |
VRDP Shares: | 17.12 % | |
Total Fund Leverage: | ||
Average Maturity: | 12.07 Years | |
Effective Duration: | 9.06 Years | |
Total Net Assets: | ||
Common Stock Net Asset Value: | ||
Total Number of Holdings: | 166 | |
Portfolio Turnover: | 32.00 % | |
* 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-302361038.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
FAQ
What is the current total net asset value of AllianceBernstein National Municipal Income Fund (AFB)?
How is AFB's portfolio distributed across different states?
What is AFB's current leverage structure and total percentage?
What are the top 3 holdings in AFB's portfolio as of December 2024?
What is the credit quality breakdown of AFB's portfolio?
What is AFB's portfolio maturity structure?
