AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) released its monthly portfolio update as of November 30, 2023, revealing its top 10 fixed-income holdings, sector/industry breakdown, state breakdown, credit quality breakdown, bonds by maturity, and portfolio statistics.

Positive

• The fund holds a diverse portfolio of municipal bonds across various states, with a total net asset value of $353.93 million.
• The credit quality breakdown shows that the majority of the fund's holdings are in the AA, A, and BBB categories, indicating a relatively low-risk investment profile.
• The fund's leverage is at 40.10%, primarily through issued and outstanding VMTPs, which may include certain portfolio management techniques such as credit default swaps and reverse repurchase agreements.

Negative

• None.

NEW YORK, Dec. 26, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of November 30, 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		2.71 %
2) Melissa Independent School District Series 2023 4.25%, 02/01/53		2.17 %
3) City of New York NY Series 2023 4.125%, 08/01/53		1.91 %
4) Denton Independent School District Series 2023 5.00%, 08/15/48		1.88 %
5) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53		1.86 %
6) City of El Paso TX Series 2021-C 4.00%, 08/15/47		1.76 %
7) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.76 %
8) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.73 %
9) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.68 %
10) Detroit City School District Series 2001-A 6.00%, 05/01/29		1.67 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		14.76 %
Revenue - Miscellaneous		7.60 %
Prepay Energy		5.69 %
Airport		5.35 %
Toll Roads/Transit		4.27 %
Higher Education - Private		3.42 %
Electric Utility		3.24 %
Industrial Development - Industry		2.83 %
Tobacco Securitization		2.04 %
Primary/Secondary Ed. - Public		1.76 %
Port		0.88 %
Industrial Development - Utility		0.53 %
Water & Sewer		0.40 %
Senior Living		0.23 %
SUBTOTAL		53.00 %
Tax Supported
Local G.O.		18.06 %
Special Tax		7.67 %
State G.O.		7.66 %
State Lease		0.59 %
Assessment District		0.18 %
SUBTOTAL		34.16 %
Prerefunded/ETM		4.55 %
Insured/Guaranteed
Guaranteed		4.54 %
SUBTOTAL		4.54 %
Commercial Mortgage-Backed Securities		2.23 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.52 %
SUBTOTAL		1.52 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		10.10 %
Texas		10.02 %
New York		7.06 %
California		6.91 %
Michigan		6.26 %
Florida		6.01 %
Wisconsin		5.88 %
Pennsylvania		4.94 %
New Jersey		4.93 %
Massachusetts		3.79 %
South Carolina		3.11 %
Louisiana		2.91 %
Arizona		2.42 %
Georgia		2.31 %
New Hampshire		2.07 %
Washington		2.07 %
Ohio		1.92 %
Minnesota		1.64 %
Nebraska		1.63 %
Nevada		1.55 %
Oklahoma		1.53 %
North Carolina		1.49 %
Virginia		1.42 %
Colorado		1.28 %
Utah		1.23 %
Iowa		1.00 %
West Virginia		0.68 %
Indiana		0.49 %
Maryland		0.37 %
North Dakota		0.36 %
Arkansas		0.35 %
Oregon		0.21 %
Connecticut		0.18 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Alabama		0.06 %
Other		1.52 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		7.94 %
AA		31.63 %
A		31.06 %
BBB		17.88 %
BB		3.84 %
B		0.41 %
CCC		0.17 %
D		0.23 %
Not Rated		0.77 %
Pre-refunded Bonds		4.55 %
Short Term Investments		1.52 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		6.00 %
1 To 5 Years		2.17 %
5 To 10 Years		6.24 %
10 To 20 Years		20.68 %
20 To 30 Years		51.50 %
More than 30 Years		13.41 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		13.25 %
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:		40.10 %
Total Fund Leverage:		40.10%*
Average Maturity:		10.76 Years
Effective Duration:		7.52 Years
Total Net Assets:		$353.93 Million**
Common Stock Net Asset Value:		$12.31
Total Number of Holdings:		175
Portfolio Turnover:		18.00 %

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.10% 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-302022537.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What is the latest monthly portfolio update from AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)?

The latest monthly portfolio update as of November 30, 2023, has been released by AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB).

What are the top 10 fixed-income holdings of AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)?

The top 10 fixed-income holdings include municipal bonds from various cities and school districts, with yields ranging from 4.00% to 6.00%.

What is the credit quality breakdown of AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)?

The credit quality breakdown shows that the majority of the fund's holdings are in the AA, A, and BBB categories, indicating a relatively low-risk investment profile.

What is the leverage of AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB)?

The fund's leverage is at 40.10%, primarily through issued and outstanding VMTPs, which may include certain portfolio management techniques such as credit default swaps and reverse repurchase agreements.