AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update as of December 31, 2024. The fund's total net assets stand at $358.53 Million, with a common stock net asset value of $12.47.
The portfolio shows significant diversification across states, with Texas leading at 19.24%, followed by Illinois (7.89%) and New York (7.51%). In terms of credit quality, the majority of holdings are in AA (27.70%) and A (25.86%) rated securities. The fund maintains a strong focus on longer-term investments, with 59.18% of bonds having 20-30 year maturities.
The fund's top holding is Lamar Consolidated Independent School District Series 2024-2 at 2.72%. The portfolio leveraging stands at 39.75%, including 7.52% in Tender Option Bonds, 15.11% in VMTP Shares, and 17.12% in VRDP Shares. The fund maintains 166 total holdings with a portfolio turnover of 32.00%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) ha pubblicato il suo aggiornamento mensile del portafoglio al 31 dicembre 2024. Gli attivi netti totali del fondo ammontano a 358,53 milioni di dollari, con un valore netto degli attivi delle azioni ordinarie di $12,47.
Il portafoglio mostra una significativa diversificazione tra gli stati, con il Texas che guida con il 19,24%, seguito dall'Illinois (7,89%) e da New York (7,51%). In termini di qualità del credito, la maggior parte delle partecipazioni è in titoli con rating AA (27,70%) e A (25,86%). Il fondo mantiene un forte focus su investimenti a lungo termine, con il 59,18% delle obbligazioni aventi scadenze di 20-30 anni.
La principale partecipazione del fondo è il Distretto Scolastico Indipendente di Lamar, Serie 2024-2, con il 2,72%. L'indebitamento del portafoglio si attesta al 39,75%, includendo il 7,52% in Tender Option Bonds, il 15,11% in VMTP Shares, e il 17,12% in VRDP Shares. Il fondo mantiene 166 partecipazioni totali con un turnover del portafoglio del 32,00%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) ha publicado su actualización mensual del portafolio al 31 de diciembre de 2024. Los activos netos totales del fondo ascienden a $358.53 millones, con un valor neto de activos del capital común de $12.47.
El portafolio muestra una diversificación significativa entre los estados, con Texas liderando con el 19.24%, seguido de Illinois (7.89%) y Nueva York (7.51%). En términos de calidad crediticia, la mayoría de las participaciones están en valores calificados como AA (27.70%) y A (25.86%). El fondo mantiene un fuerte enfoque en inversiones a largo plazo, con el 59.18% de los bonos con vencimientos de 20 a 30 años.
La principal participación del fondo es el Distrito Escolar Independiente de Lamar, Serie 2024-2, con un 2.72%. La apalancamiento del portafolio se encuentra en 39.75%, incluyendo un 7.52% en Bonos de Opción de Licitación, un 15.11% en Acciones VMTP y un 17.12% en Acciones VRDP. El fondo mantiene 166 participaciones totales con una rotación de portafolio del 32.00%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB)는 2024년 12월 31일 현재 월간 포트폴리오 업데이트를 발표했습니다. 해당 펀드의 총 순자산은 3억 5천853만 달러이며, 보통주 순자산 가치는 $12.47입니다.
포트폴리오는 주 간의 상당한 다양성을 보이며, 텍사스가 19.24%로 선두를 차지하고, 일리노이(7.89%) 및 뉴욕(7.51%)이 뒤를 잇고 있습니다. 신용 등급 측면에서, 대부분의 보유 자산은 AA(27.70%) 및 A(25.86%) 등급의 증권에 해당합니다. 해당 펀드는 장기 투자에 강한 집중을 유지하며, 56.18%의 채권이 20-30년 만기를 가지고 있습니다.
해당 펀드의 주요 보유 자산은 2.72%의 비율을 가진 Lamar Consolidated Independent School District Series 2024-2입니다. 포트폴리오 레버리지 비율은 39.75%로, 이 중 7.52%가 Tender Option Bonds, 15.11%가 VMTP Shares, 17.12%가 VRDP Shares에 해당합니다. 해당 펀드는 총 166개의 보유 자산을 유지하며, 포트폴리오 회전율은 32.00%입니다.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) a publié sa mise à jour mensuelle du portefeuille au 31 décembre 2024. L'actif net total du fonds s'élève à 358,53 millions de dollars, avec une valeur nette d'actif des actions ordinaires de $12,47.
Le portefeuille montre une diversification significative entre les États, avec le Texas en tête avec 19,24%, suivi de l'Illinois (7,89%) et de New York (7,51%). En termes de qualité de crédit, la majorité des avoirs sont dans des titres notés AA (27,70%) et A (25,86%). Le fonds maintient un fort accent sur les investissements à long terme, avec 59,18% des obligations ayant des maturités de 20 à 30 ans.
Le principal actif du fonds est le District Scolaire Indépendant de Lamar, série 2024-2, à 2,72%. Le ratio de levier du portefeuille s'élève à 39,75%, incluant 7,52% en Obligations d'Option d'Appel, 15,11% en Actions VMTP et 17,12% en Actions VRDP. Le fonds maintient 166 avoirs au total avec un taux de rotation du portefeuille de 32,00%.
AllianceBernstein National Municipal Income Fund (NYSE: AFB) hat sein monatliches Portfolio-Update zum 31. Dezember 2024 veröffentlicht. Die Gesamtnetzvermögen des Fonds belaufen sich auf 358,53 Millionen Dollar, mit einem Nettovermögen des Stammkapitals von $12.47.
Das Portfolio zeigt eine signifikante Diversifikation über die Bundesstaaten hinweg, wobei Texas mit 19,24% anführt, gefolgt von Illinois (7,89%) und New York (7,51%). In Bezug auf die Kreditqualität sind die meisten Bestände in AA (27,70%) und A (25,86%) bewerteten Wertpapieren. Der Fonds legt großen Wert auf langfristige Investitionen, wobei 59,18% der Anleihen eine Laufzeit von 20-30 Jahren haben.
Die größte Beteiligung des Fonds ist der Lamar Consolidated Independent School District Serie 2024-2 mit 2,72%. Der Verschuldungsgrad des Portfolios liegt bei 39,75%, einschließlich 7,52% in Tender Option Bonds, 15,11% in VMTP-Anteilen und 17,12% in VRDP-Anteilen. Der Fonds hält insgesamt 166 Bestände mit einer Portfolio-Umschlagrate von 32,00%.
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AllianceBernstein National Municipal Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) Lamar Consolidated Independent School District Series 2024-2 | 2.72 % | |
2) City of New Orleans LA Series 2021-A | 2.67 % | |
3) Prosper Independent School District Series 2024 | 2.44 % | |
4) Greenwood Independent School District Series 2024 | 2.31 % | |
5) Melissa Independent School District Series 2024-2 | 2.20 % | |
6) Dallas Independent School District Series 2024-2 | 1.96 % | |
7) City of New York NY Series 2023 | 1.89 % | |
8) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 | 1.84 % | |
9) Public Authority for Colorado Energy Series 2008 | 1.84 % | |
10) Denton Independent School District Series 2024-2 | 1.83 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Health Care - Not-for-Profit | 11.31 % | |
Revenue - Miscellaneous | 8.40 % | |
Prepay Energy | 7.29 % | |
Airport | 6.30 % | |
Industrial Development - Airline | 3.62 % | |
Toll Roads/Transit | 3.31 % | |
Primary/Secondary Ed. - Public | 2.83 % | |
Port | 2.37 % | |
Higher Education - Private | 2.21 % | |
Water & Sewer | 2.18 % | |
Industrial Development - Industry | 2.11 % | |
Electric Utility | 2.10 % | |
Tobacco Securitization | 1.88 % | |
Senior Living | 0.96 % | |
Industrial Development - Utility | 0.53 % | |
SUBTOTAL | 57.40 % | |
Tax Supported | ||
Local G.O. | 13.73 % | |
State G.O. | 6.12 % | |
Special Tax | 4.65 % | |
Assessment District | 0.18 % | |
SUBTOTAL | 24.68 % | |
Guaranteed | 15.60 % | |
Prerefunded/ETM | 1.27 % | |
Asset-Backed | ||
Housing - Multi-Family | 0.92 % | |
SUBTOTAL | 0.92 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.13 % | |
SUBTOTAL | 0.13 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
19.24 % | ||
7.89 % | ||
7.51 % | ||
5.99 % | ||
5.94 % | ||
5.72 % | ||
4.59 % | ||
4.52 % | ||
3.88 % | ||
3.63 % | ||
2.67 % | ||
2.58 % | ||
2.43 % | ||
2.16 % | ||
1.98 % | ||
1.91 % | ||
1.79 % | ||
1.62 % | ||
1.48 % | ||
1.36 % | ||
1.21 % | ||
1.21 % | ||
1.14 % | ||
0.97 % | ||
0.88 % | ||
0.86 % | ||
0.78 % | ||
0.76 % | ||
0.67 % | ||
0.53 % | ||
0.38 % | ||
0.35 % | ||
0.34 % | ||
0.34 % | ||
0.22 % | ||
0.20 % | ||
0.14 % | ||
Other | 0.13 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 18.57 % | |
AA | 27.70 % | |
A | 25.86 % | |
BBB | 17.34 % | |
BB | 5.74 % | |
B | 0.81 % | |
Not Rated | 2.58 % | |
Pre-refunded Bonds | 1.27 % | |
Short Term Investments | 0.13 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 0.60 % | |
1 To 5 Years | 2.99 % | |
5 To 10 Years | 4.55 % | |
10 To 20 Years | 18.65 % | |
20 To 30 Years | 59.18 % | |
More than 30 Years | 14.03 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 17.57 % | |
Average Coupon: | 4.41 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 0.00 % | |
Auction Preferred Shares (APS): | 0.00 % | |
Tender Option Bonds: | 7.52 % | |
VMTP Shares: | 15.11 % | |
VRDP Shares: | 17.12 % | |
Total Fund Leverage: | ||
Average Maturity: | 12.07 Years | |
Effective Duration: | 9.06 Years | |
Total Net Assets: | ||
Common Stock Net Asset Value: | ||
Total Number of Holdings: | 166 | |
Portfolio Turnover: | 32.00 % | |
* The total percentage of leverage constitutes | ||
in issued and outstanding VMTPs, | ||
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 | ||
in Total Net Assets because it is treated as a liability for financial reporting purposes. | ||
** The Fund also had outstanding | ||
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 | ||
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302361038.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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