AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

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AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update for the period ending January 31, 2025. The update was announced on February 24, 2025, providing investors with the latest information about the Fund's portfolio composition and performance.

NEW YORK, Feb. 24, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of January 31, 2025.

AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53		2.70 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.66 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54		2.41 %
4) Greenwood Independent School District Series 2024 4.00%, 02/15/54		2.29 %
5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53		2.21 %
6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54		1.94 %
7) City of New York NY Series 2023 4.125%, 08/01/53		1.87 %
8) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38		1.84 %
9) Denton Independent School District Series 2024-2 5.00%, 08/15/48		1.82 %
10) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54		1.81 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		11.30 %
Revenue - Miscellaneous		8.38 %
Prepay Energy		7.30 %
Airport		6.26 %
Toll Roads/Transit		3.64 %
Industrial Development - Airline		3.57 %
Primary/Secondary Ed. - Public		2.84 %
Higher Education - Private		2.54 %
Port		2.35 %
Water & Sewer		2.16 %
Industrial Development - Industry		2.13 %
Electric Utility		2.09 %
Tobacco Securitization		1.87 %
Senior Living		0.96 %
Industrial Development - Utility		0.53 %
SUBTOTAL		57.92 %
Tax Supported
Local G.O.		13.64 %
State G.O.		6.08 %
Special Tax		4.63 %
Assessment District		0.18 %
SUBTOTAL		24.53 %
Guaranteed		15.49 %
Prerefunded/ETM		0.99 %
Asset-Backed
Housing - Multi-Family		0.92 %
SUBTOTAL		0.92 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.15 %
SUBTOTAL		0.15 %
Total		100.00 %
State Breakdown		Portfolio %
Texas		19.11 %
Illinois		7.59 %
New York		7.44 %
Wisconsin		6.37 %
Florida		5.93 %
California		5.70 %
Michigan		4.59 %
South Carolina		4.48 %
Massachusetts		3.85 %
Pennsylvania		3.63 %
Louisiana		2.66 %
New Jersey		2.57 %
Colorado		2.42 %
Alabama		2.14 %
Arizona		1.98 %
Washington		1.89 %
Ohio		1.79 %
Nebraska		1.63 %
Oklahoma		1.54 %
New Hampshire		1.48 %
Georgia		1.36 %
Nevada		1.20 %
Minnesota		1.13 %
Iowa		0.98 %
Virginia		0.88 %
Indiana		0.85 %
Utah		0.78 %
North Carolina		0.76 %
Alaska		0.67 %
Tennessee		0.52 %
Maryland		0.37 %
North Dakota		0.35 %
Arkansas		0.34 %
Puerto Rico		0.32 %
Oregon		0.22 %
Connecticut		0.20 %
South Dakota		0.13 %
Other		0.15 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		18.45 %
AA		27.87 %
A		26.31 %
BBB		17.12 %
BB		5.73 %
B		0.81 %
Not Rated		2.57 %
Pre-refunded Bonds		0.99 %
Short Term Investments		0.15 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		0.33 %
1 To 5 Years		3.00 %
5 To 10 Years		4.57 %
10 To 20 Years		18.63 %
20 To 30 Years		61.33 %
More than 30 Years		12.14 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		17.83 %
Average Coupon:		4.58 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		7.52 %
VMTP Shares:		15.09 %
VRDP Shares:		17.09 %
Total Fund Leverage:		39.70%*
Average Maturity:		11.99 Years
Effective Duration:		9.04 Years
Total Net Assets:		$357.19 Million**
Common Stock Net Asset Value:		$12.43
Total Number of Holdings:		165
Portfolio Turnover:		32.00 %
* The total percentage of leverage constitutes 7.52% through the use of tender option bonds, 15.09%
in issued and outstanding VMTPs, 17.09% in issued and outstanding VRDPs 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 $88,275,000 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 Fund also had outstanding $100,000,000 of VRDPs 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 National Municipal Income Fund, Inc.

FAQ

When did AllianceBernstein (AFB) release its latest monthly portfolio update?

AllianceBernstein (AFB) released its monthly portfolio update on February 24, 2025, covering the period ending January 31, 2025.

What period does AFB's latest portfolio update cover?

The portfolio update covers the period ending January 31, 2025.

How frequently does AllianceBernstein (AFB) release portfolio updates?

AllianceBernstein (AFB) releases portfolio updates on a monthly basis.

Where can investors find AFB's January 2025 portfolio update?

Investors can access AFB's January 2025 portfolio update through the official press release distributed via PR Newswire.