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

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AllianceBernstein National Municipal Income Fund, Inc. released its monthly portfolio update as of December 31, 2023. The fund's top 10 fixed-income holdings and sector/industry breakdown were provided. The portfolio statistics and credit quality breakdown were also detailed.

NEW YORK, Jan. 23, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 31, 2023.

AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.72 %
2) Melissa Independent School District Series 2023 4.25%, 02/01/53		2.18 %
3) City of New York NY Series 2023 4.125%, 08/01/53		1.93 %
4) Denton Independent School District Series 2023 5.00%, 08/15/48		1.89 %
5) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53		1.86 %
6) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53		1.86 %
7) City of El Paso TX Series 2021-C 4.00%, 08/15/47		1.74 %
8) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.74 %
9) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.71 %
10) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.69 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		13.80 %
Revenue - Miscellaneous		6.12 %
Airport		5.31 %
Prepay Energy		5.30 %
Toll Roads/Transit		4.26 %
Higher Education - Private		3.44 %
Electric Utility		3.23 %
Industrial Development - Industry		2.88 %
Tobacco Securitization		2.03 %
Primary/Secondary Ed. - Public		1.75 %
Port		0.91 %
Industrial Development - Utility		0.52 %
Water & Sewer		0.40 %
Senior Living		0.23 %
SUBTOTAL		50.18 %
Tax Supported
Local G.O.		17.92 %
State G.O.		7.62 %
Special Tax		7.59 %
State Lease		0.59 %
Assessment District		0.17 %
SUBTOTAL		33.89 %
Insured/Guaranteed
Guaranteed		8.11 %
SUBTOTAL		8.11 %
Prerefunded/ETM		3.70 %
Commercial Mortgage-Backed Securities		2.26 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.86 %
SUBTOTAL		1.86 %
Total		100.00 %
State Breakdown		Portfolio %
Texas		13.12 %
Illinois		10.07 %
New York		6.27 %
Michigan		6.17 %
Florida		6.06 %
Wisconsin		5.91 %
California		5.72 %
Pennsylvania		4.90 %
New Jersey		4.85 %
Massachusetts		3.77 %
South Carolina		3.07 %
Louisiana		2.91 %
Georgia		2.30 %
New Hampshire		2.10 %
Arizona		2.00 %
Washington		1.93 %
Ohio		1.91 %
Minnesota		1.63 %
Nebraska		1.63 %
Nevada		1.55 %
Oklahoma		1.51 %
Virginia		1.43 %
Colorado		1.25 %
Utah		1.22 %
Iowa		1.04 %
North Carolina		0.73 %
West Virginia		0.68 %
Indiana		0.50 %
North Dakota		0.43 %
Maryland		0.37 %
Arkansas		0.34 %
Oregon		0.22 %
Connecticut		0.19 %
South Dakota		0.14 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Alabama		0.05 %
Other		1.86 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		11.48 %
AA		30.07 %
A		29.71 %
BBB		17.98 %
BB		3.93 %
B		0.13 %
CCC		0.15 %
D		0.22 %
Not Rated		0.77 %
Pre-refunded Bonds		3.70 %
Short Term Investments		1.86 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		4.91 %
1 To 5 Years		2.14 %
5 To 10 Years		6.19 %
10 To 20 Years		21.35 %
20 To 30 Years		53.73 %
More than 30 Years		11.68 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		12.13 %
Average Coupon:		4.47 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		39.15 %
Total Fund Leverage:		39.15%*
Average Maturity:		9.04 Years
Effective Duration:		6.90 Years
Total Net Assets:		$367.40 Million**
Common Stock Net Asset Value:		$12.78
Total Number of Holdings:		171
Portfolio Turnover:		55.00 %

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 39.15% in issued and outstanding VMTPs 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 $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-302042515.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What is the ticker symbol for AllianceBernstein National Municipal Income Fund, Inc.?

The ticker symbol for AllianceBernstein National Municipal Income Fund, Inc. is AFB.

What are the top 10 fixed-income holdings of AFB?

The top 10 fixed-income holdings of AFB include City of New Orleans LA Series 2021-A, Melissa Independent School District Series 2023, and City of New York NY Series 2023, among others.

What is the revenue breakdown by sector/industry for AFB?

The revenue breakdown by sector/industry for AFB includes Health Care - Not-for-Profit, Airport, Prepay Energy, and Toll Roads/Transit, among others.

What is the credit quality breakdown for AFB?

The credit quality breakdown for AFB includes AAA, AA, A, BBB, and BB ratings, among others.

What is the average maturity of AFB's portfolio?

The average maturity of AFB's portfolio is 9.04 years.

What is the total net assets of AFB?

The total net assets of AFB are $367.40 million.