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.