NEW YORK, Aug. 26, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of July 31, 2024.
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 | 2.72 % | |
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 | 2.69 % | |
3) Prosper Independent School District Series 2024 4.00%, 02/15/54 | 2.45 % | |
4) Greenwood Independent School District Series 2024 4.00%, 02/15/54 | 2.30 % | |
5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 | 2.16 % | |
6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 | 1.96 % | |
7) City of New York NY Series 2023 4.125%, 08/01/53 | 1.88 % | |
8) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 | 1.88 % | |
9) Denton Independent School District Series 2024-2 5.00%, 08/15/48 | 1.84 % | |
10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53 | 1.82 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 11.69 % | |
Prepay Energy | 7.34 % | |
Revenue - Miscellaneous | 6.05 % | |
Airport | 4.84 % | |
Toll Roads/Transit | 3.29 % | |
Industrial Development - Industry | 3.14 % | |
Electric Utility | 3.12 % | |
Higher Education - Private | 2.31 % | |
Tobacco Securitization | 1.89 % | |
Water & Sewer | 1.83 % | |
Industrial Development - Airline | 1.76 % | |
Port | 1.53 % | |
Primary/Secondary Ed. - Public | 1.33 % | |
Senior Living | 0.61 % | |
Industrial Development - Utility | 0.52 % | |
SUBTOTAL | 51.25 % | |
Tax Supported | ||
Local G.O. | 15.77 % | |
State G.O. | 7.25 % | |
Special Tax | 5.43 % | |
State Lease | 0.57 % | |
Assessment District | 0.18 % | |
SUBTOTAL | 29.20 % | |
Guaranteed | 15.57 % | |
Prerefunded/ETM | 2.22 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.99 % | |
SUBTOTAL | 0.99 % | |
Asset-Backed | ||
Housing - Multi-Family | 0.77 % | |
SUBTOTAL | 0.77 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
Texas | 18.42 % | |
Illinois | 9.07 % | |
New York | 7.29 % | |
Michigan | 6.77 % | |
California | 5.54 % | |
Florida | 5.05 % | |
Wisconsin | 4.86 % | |
South Carolina | 3.90 % | |
Massachusetts | 3.71 % | |
Pennsylvania | 3.49 % | |
New Jersey | 3.32 % | |
Louisiana | 2.84 % | |
Colorado | 2.34 % | |
Georgia | 2.19 % | |
Arizona | 2.00 % | |
Ohio | 1.92 % | |
Washington | 1.90 % | |
Nevada | 1.80 % | |
Nebraska | 1.62 % | |
Alabama | 1.47 % | |
Oklahoma | 1.21 % | |
Minnesota | 1.14 % | |
Iowa | 0.90 % | |
Virginia | 0.88 % | |
Utah | 0.78 % | |
North Carolina | 0.76 % | |
West Virginia | 0.67 % | |
New Hampshire | 0.63 % | |
Indiana | 0.50 % | |
North Dakota | 0.43 % | |
Maryland | 0.37 % | |
Arkansas | 0.34 % | |
Oregon | 0.22 % | |
Connecticut | 0.19 % | |
Alaska | 0.18 % | |
South Dakota | 0.14 % | |
Puerto Rico | 0.10 % | |
Tennessee | 0.07 % | |
Other | 0.99 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 18.88 % | |
AA | 27.95 % | |
A | 28.01 % | |
BBB | 17.65 % | |
BB | 2.80 % | |
B | 0.14 % | |
CCC | 0.11 % | |
D | 0.18 % | |
Not Rated | 1.07 % | |
Pre-refunded Bonds | 2.22 % | |
Short Term Investments | 0.99 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 3.38 % | |
1 To 5 Years | 2.44 % | |
5 To 10 Years | 4.17 % | |
10 To 20 Years | 20.15 % | |
20 To 30 Years | 56.67 % | |
More than 30 Years | 13.19 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 10.23 % | |
Average Coupon: | 4.54 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 0.25 % | |
VRDP Shares: | 16.90 % | |
Tender Option Bonds: | 7.51 % | |
VMTP Shares: | 14.92 % | |
Total Fund Leverage: | 39.58%* | |
Average Maturity: | 10.52 Years | |
Effective Duration: | 8.14 Years | |
Total Net Assets: | $363.57 Million** | |
Common Stock Net Asset Value: | $12.65 | |
Total Number of Holdings: | 158 | |
Portfolio Turnover: | 55.00 % |
* The total percentage of leverage constitutes 7.51% through the use of tender option bonds, 14.92% in issued and outstanding VMTPs, 16.90% in issued and outstanding VRDPs and 0.25% 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. |
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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