AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

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AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Nov. 25, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 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


2.67 %

2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46


2.64 %

3) Prosper Independent School District Series 2024 4.00%, 02/15/54


2.42 %

4) Greenwood Independent School District Series 2024 4.00%, 02/15/54


2.27 %

5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53


2.13 %

6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54


1.95 %

7) City of New York NY Series 2023 4.125%, 08/01/53


1.84 %

8) New York Transportation Development Corp. Series 2024 1.00%, 12/31/54


1.83 %

9) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38


1.81 %

10) Denton Independent School District Series 2024-2 5.00%, 08/15/48


1.80 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


10.67 %

Revenue - Miscellaneous


7.62 %

Prepay Energy


7.18 %

Airport


6.18 %

Industrial Development - Airline


3.56 %

Toll Roads/Transit


3.24 %

Industrial Development - Industry


2.43 %

Higher Education - Private


2.17 %

Water & Sewer


2.13 %

Electric Utility


2.06 %

Tobacco Securitization


1.85 %

Port


1.83 %

Primary/Secondary Ed. - Public


1.77 %

Senior Living


0.95 %

Industrial Development - Utility


0.51 %

SUBTOTAL


54.15 %

Tax Supported



Local G.O.


16.13 %

State G.O.


6.00 %

Special Tax


4.97 %

Assessment District


0.17 %

SUBTOTAL


27.27 %

Guaranteed


15.34 %

Prerefunded/ETM


2.06 %

Asset-Backed



Housing - Multi-Family


1.09 %

SUBTOTAL


1.09 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.09 %

SUBTOTAL


0.09 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


19.18 %

Illinois


8.73 %

New York


7.71 %

Florida


7.29 %

California


5.47 %

Wisconsin


5.02 %

Michigan


4.48 %

South Carolina


4.42 %

Massachusetts


3.82 %

Pennsylvania


3.56 %

New Jersey


2.70 %

Louisiana


2.64 %

Colorado


2.38 %

Arizona


1.95 %

Washington


1.86 %

Alabama


1.78 %

Ohio


1.76 %

Nebraska


1.59 %

Nevada


1.51 %

Georgia


1.32 %

Oklahoma


1.19 %

New Hampshire


1.13 %

Minnesota


1.12 %

Iowa


0.95 %

Virginia


0.87 %

Indiana


0.84 %

Utah


0.77 %

North Carolina


0.75 %

Tennessee


0.52 %

North Dakota


0.43 %

Puerto Rico


0.42 %

Maryland


0.37 %

Arkansas


0.33 %

Oregon


0.22 %

Connecticut


0.19 %

Alaska


0.18 %

South Dakota


0.13 %

Other


0.42 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


18.58 %

AA


29.86 %

A


25.06 %

BBB


16.90 %

BB


4.51 %

B


0.47 %

Not Rated


2.47 %

Pre-refunded Bonds


2.06 %

Short Term Investments


0.09 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


1.36 %

1 To 5 Years


3.28 %

5 To 10 Years


4.89 %

10 To 20 Years


18.85 %

20 To 30 Years


55.94 %

More than 30 Years


15.68 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


15.22 %

Average Coupon:


4.55 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


1.38 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


7.35 %

VMTP Shares:


14.77 %

VRDP Shares:


16.73 %

Total Fund Leverage:


40.23%*

Average Maturity:


   11.53 Years

Effective Duration:


    8.92 Years

Total Net Assets:


$361.43 Million**

Common Stock Net Asset Value:


$12.57

Total Number of Holdings:


166

Portfolio Turnover:


55.00 %




* The total percentage of leverage constitutes 7.35% through the use of tender option bonds, 14.77%



in issued and outstanding VMTPs, 16.73% in issued and outstanding VRDPs and 1.38% 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.

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