NEW
YORK, May 24, 2024 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc.[NYSE:
AFB] (the "Fund") today released its monthly portfolio update
as of April 30, 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
|
|
2.75 %
|
|
2) City of New Orleans
LA Series 2021-A 5.00%, 12/01/46
|
|
2.72 %
|
|
3) Prosper Independent
School District Series 2024 4.00%, 02/15/54
|
|
2.43 %
|
|
4) Melissa Independent
School District Series 2023 4.25%, 02/01/53
|
|
2.16 %
|
|
5) Dallas Independent
School District Series 2024 4.00%, 02/15/54
|
|
1.93 %
|
|
6) City of New York NY
Series 2023 4.125%, 08/01/53
|
|
1.88 %
|
|
7) Public Authority for
Colorado Energy Series 2008 6.50%, 11/15/38
|
|
1.88 %
|
|
8) Denton Independent
School District Series 2023 5.00%, 08/15/48
|
|
1.86 %
|
|
9) Commonwealth of
Massachusetts Series 2023 5.00%, 05/01/53
|
|
1.84 %
|
|
10) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
|
|
1.75 %
|
|
Sector/Industry
Breakdown
|
|
Portfolio
%
|
|
Revenue
|
|
|
|
Health Care -
Not-for-Profit
|
|
13.67 %
|
|
Prepay
Energy
|
|
7.37 %
|
|
Revenue -
Miscellaneous
|
|
6.20 %
|
|
Airport
|
|
5.35 %
|
|
Electric
Utility
|
|
3.12 %
|
|
Higher Education -
Private
|
|
2.99 %
|
|
Toll
Roads/Transit
|
|
2.92 %
|
|
Industrial Development
- Industry
|
|
2.81 %
|
|
Tobacco
Securitization
|
|
1.92 %
|
|
Port
|
|
1.45 %
|
|
Primary/Secondary Ed. -
Public
|
|
1.33 %
|
|
Water &
Sewer
|
|
1.13 %
|
|
Industrial Development
- Utility
|
|
0.53 %
|
|
Senior
Living
|
|
0.24 %
|
|
SUBTOTAL
|
|
51.03 %
|
|
Tax
Supported
|
|
|
|
Local G.O.
|
|
15.86 %
|
|
State G.O.
|
|
7.61 %
|
|
Special Tax
|
|
6.82 %
|
|
State Lease
|
|
0.59 %
|
|
Assessment
District
|
|
0.18 %
|
|
SUBTOTAL
|
|
31.06 %
|
|
Insured/Guaranteed
|
|
|
|
Guaranteed
|
|
13.25 %
|
|
SUBTOTAL
|
|
13.25 %
|
|
Prerefunded/ETM
|
|
2.32 %
|
|
Commercial
Mortgage-Backed Securities
|
|
1.24 %
|
|
Asset-Backed
|
|
|
|
Housing -
Multi-Family
|
|
0.97 %
|
|
SUBTOTAL
|
|
0.97 %
|
|
Cash & Cash
Equivalents
|
|
|
|
Funds and Investment
Trusts
|
|
0.13 %
|
|
SUBTOTAL
|
|
0.13 %
|
|
Total
|
|
100.00 %
|
|
State
Breakdown
|
|
Portfolio
%
|
|
Texas
|
|
16.28 %
|
|
Illinois
|
|
10.12 %
|
|
New York
|
|
6.24 %
|
|
Michigan
|
|
6.01 %
|
|
Florida
|
|
5.72 %
|
|
California
|
|
5.50 %
|
|
New Jersey
|
|
4.95 %
|
|
Wisconsin
|
|
4.89 %
|
|
Pennsylvania
|
|
4.42 %
|
|
Massachusetts
|
|
3.75 %
|
|
South
Carolina
|
|
3.10 %
|
|
Louisiana
|
|
2.92 %
|
|
Georgia
|
|
2.21 %
|
|
New
Hampshire
|
|
2.05 %
|
|
Colorado
|
|
2.00 %
|
|
Arizona
|
|
1.97 %
|
|
Ohio
|
|
1.93 %
|
|
Washington
|
|
1.91 %
|
|
Minnesota
|
|
1.66 %
|
|
Nebraska
|
|
1.64 %
|
|
Oklahoma
|
|
1.53 %
|
|
Nevada
|
|
1.52 %
|
|
Utah
|
|
1.24 %
|
|
Iowa
|
|
0.90 %
|
|
Virginia
|
|
0.88 %
|
|
North
Carolina
|
|
0.77 %
|
|
West
Virginia
|
|
0.68 %
|
|
Alabama
|
|
0.55 %
|
|
Indiana
|
|
0.48 %
|
|
North Dakota
|
|
0.43 %
|
|
Maryland
|
|
0.38 %
|
|
Arkansas
|
|
0.35 %
|
|
Oregon
|
|
0.22 %
|
|
Connecticut
|
|
0.19 %
|
|
Alaska
|
|
0.18 %
|
|
South Dakota
|
|
0.13 %
|
|
Puerto Rico
|
|
0.10 %
|
|
Tennessee
|
|
0.07 %
|
|
Other
|
|
0.13 %
|
|
Total
Investments
|
|
100.00 %
|
|
Credit Quality
Breakdown
|
|
Portfolio
%
|
|
AAA
|
|
16.63 %
|
|
AA
|
|
29.84 %
|
|
A
|
|
29.48 %
|
|
BBB
|
|
17.37 %
|
|
BB
|
|
2.79 %
|
|
B
|
|
0.31 %
|
|
CCC
|
|
0.11 %
|
|
D
|
|
0.23 %
|
|
Not Rated
|
|
0.79 %
|
|
Pre-refunded
Bonds
|
|
2.32 %
|
|
Short Term
Investments
|
|
0.13 %
|
|
Total
|
|
100.00 %
|
|
Bonds by
Maturity
|
|
Portfolio
%
|
|
Less than 1
Year
|
|
1.78 %
|
|
1 To 5 Years
|
|
2.16 %
|
|
5 To 10
Years
|
|
6.15 %
|
|
10 To 20
Years
|
|
21.74 %
|
|
20 To 30
Years
|
|
56.89 %
|
|
More than 30
Years
|
|
11.28 %
|
|
Other
|
|
0.00 %
|
|
Total Net
Assets
|
|
100.00 %
|
|
Portfolio
Statistics:
|
|
|
|
AMT Percent:
|
|
11.40 %
|
|
Average
Coupon:
|
|
4.52 %
|
|
Percentage of
Leverage:
|
|
|
|
Bank
Borrowing:
|
|
0.00 %
|
|
Investment
Operations:
|
|
0.36 %
|
|
Auction Preferred
Shares (APS):
|
|
0.00 %
|
|
Tender Option
Bonds:
|
|
0.00 %
|
|
VMTP Shares:
|
|
40.25 %
|
|
Total Fund
Leverage:
|
|
40.61%*
|
|
Average
Maturity:
|
|
12.08 Years
|
|
Effective
Duration:
|
|
8.28 Years
|
|
Total Net
Assets:
|
|
$350.58
Million**
|
|
Common Stock
Net Asset Value:
|
|
$12.20
|
|
Total Number of
Holdings:
|
|
167
|
|
Portfolio
Turnover:
|
|
55.00 %
|
* The total percentage of leverage constitutes 0.00% through the
use of tender option bonds, 40.25% in issued and outstanding VMTPs
and 0.36% 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-302155400.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.