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

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AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update as of September 30, 2024. The fund's total net assets stand at $371.52 Million, with a common stock net asset value of $12.92. The portfolio comprises 171 holdings with a 55% turnover rate.

Key portfolio metrics include an average coupon of 4.57%, average maturity of 10.09 years, and effective duration of 8.05 years. The fund maintains significant positions in Texas (19.31%), Illinois (8.77%), and Florida (7.01%). Credit quality is predominantly in AA (29.45%) and A (26.06%) ratings, with 56.06% of bonds maturing in 20-30 years. The total fund leverage is 39.49%, including various financing instruments.

AllianceBernstein National Municipal Income Fund (NYSE: AFB) ha pubblicato il suo aggiornamento mensile del portafoglio al 30 settembre 2024. Gli attivi netti totali del fondo ammontano a 371,52 milioni di dollari, con un valore patrimoniale netto delle azioni comuni di 12,92 dollari. Il portafoglio è composto da 171 partecipazioni con un tasso di turnover del 55%.

Le principali metriche del portafoglio includono una cedola media del 4,57%, una scadenza media di 10,09 anni e una durata effettiva di 8,05 anni. Il fondo mantiene posizioni significative in Texas (19,31%), Illinois (8,77%) e Florida (7,01%). La qualità del credito è prevalentemente in rating AA (29,45%) e A (26,06%), con il 56,06% delle obbligazioni che scadono in 20-30 anni. La leva finanziaria totale del fondo è del 39,49%, inclusi vari strumenti di finanziamento.

AllianceBernstein National Municipal Income Fund (NYSE: AFB) ha publicado su actualización mensual de cartera al 30 de septiembre de 2024. Los activos netos totales del fondo ascienden a 371,52 millones de dólares, con un valor neto de activos de acciones comunes de 12,92 dólares. La cartera está compuesta por 171 participaciones con una tasa de rotación del 55%.

Las métricas clave de la cartera incluyen un cupón promedio del 4,57%, un vencimiento promedio de 10,09 años y una duración efectiva de 8,05 años. El fondo mantiene posiciones significativas en Texas (19,31%), Illinois (8,77%) y Florida (7,01%). La calidad crediticia es predominantemente de calificaciones AA (29,45%) y A (26,06%), con el 56,06% de los bonos que vencen en 20-30 años. La apalancamiento total del fondo es del 39,49%, incluyendo varios instrumentos de financiamiento.

AllianceBernstein National Municipal Income Fund (NYSE: AFB)는 2024년 9월 30일 기준으로 월간 포트폴리오 업데이트를 발표했습니다. 펀드의 총 순자산은 3억 7,152만 달러이며, 일반 주식 순자산 가치는 12.92 달러입니다. 포트폴리오는 171개의 보유 종목으로 구성되어 있으며, 회전율은 55%입니다.

주요 포트폴리오 지표로는 평균 쿠폰 4.57%, 평균 만기 10.09년, 유효 듀레이션 8.05년이 있습니다. 펀드는 텍사스 (19.31%), 일리노이 (8.77%), 플로리다 (7.01%)에서 상당한 포지션을 유지하고 있습니다. 신용 품질은 대부분 AA (29.45%) 및 A (26.06%) 등급이며, 20-30년 만기의 채권은 56.06%를 차지합니다. 펀드의 총 레버리지는 39.49%로, 여러 자금 조달 수단이 포함됩니다.

AllianceBernstein National Municipal Income Fund (NYSE: AFB) a publié sa mise à jour mensuelle de portefeuille au 30 septembre 2024. Les actifs nets totaux du fonds s'élèvent à 371,52 millions de dollars, avec une valeur nette d'actif pour les actions ordinaires de 12,92 dollars. Le portefeuille comprend 171 participations avec un taux de rotation de 55%.

Les indicateurs clés du portefeuille incluent un coupon moyen de 4,57%, une maturité moyenne de 10,09 ans et une duration effective de 8,05 ans. Le fonds maintient des positions significatives au Texas (19,31%), dans l'Illinois (8,77%) et en Floride (7,01%). La qualité de crédit est principalement classée AA (29,45%) et A (26,06%), avec 56,06% des obligations arrivant à maturité dans 20-30 ans. Le levier total du fonds est de 39,49%, comprenant divers instruments de financement.

AllianceBernstein National Municipal Income Fund (NYSE: AFB) hat sein monatliches Portfolio-Update zum 30. September 2024 veröffentlicht. Das Gesamtvermögen des Fonds beträgt 371,52 Millionen Dollar, mit einem Nettovermögen pro Stammaktie von 12,92 Dollar. Das Portfolio umfasst 171 Beteiligungen mit einer Umschlagshäufigkeit von 55%.

Wichtige Portfoliometriken umfassen einen Durchschnittszins von 4,57%, eine durchschnittliche Laufzeit von 10,09 Jahren und eine effektive Duration von 8,05 Jahren. Der Fonds hat bedeutende Positionen in Texas (19,31%), Illinois (8,77%) und Florida (7,01%). Die Kreditqualität ist überwiegend in den Ratings AA (29,45%) und A (26,06%), mit 56,06% der Anleihen, die in 20-30 Jahren fällig werden. Die Gesamtnettoverschuldung des Fonds beträgt 39,49%, einschließlich verschiedener Finanzierungsinstrumente.

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NEW YORK, Oct. 28, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of September 30, 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


2.68 %

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


2.66 %

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


2.30 %

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


2.14 %

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


1.87 %

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


1.86 %

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


1.81 %

10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53


1.80 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


10.95 %

Prepay Energy


7.30 %

Revenue - Miscellaneous


7.20 %

Airport


6.20 %

Toll Roads/Transit


3.26 %

Electric Utility


2.45 %

Industrial Development - Industry


2.44 %

Higher Education - Private


2.29 %

Port


1.86 %

Tobacco Securitization


1.85 %

Water & Sewer


1.81 %

Primary/Secondary Ed. - Public


1.79 %

Industrial Development - Airline


1.74 %

Senior Living


0.96 %

Industrial Development - Utility


0.51 %

SUBTOTAL


52.61 %

Tax Supported



Local G.O.


16.75 %

State G.O.


6.09 %

Special Tax


5.62 %

Assessment District


0.18 %

State Lease


0.13 %

SUBTOTAL


28.77 %

Guaranteed


15.43 %

Prerefunded/ETM


2.07 %

Asset-Backed



Housing - Multi-Family


0.76 %

SUBTOTAL


0.76 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.36 %

SUBTOTAL


0.36 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


19.31 %

Illinois


8.77 %

Florida


7.01 %

New York


6.56 %

California


5.52 %

Wisconsin


4.80 %

Michigan


4.50 %

South Carolina


3.87 %

Massachusetts


3.84 %

Pennsylvania


3.58 %

New Jersey


2.83 %

Louisiana


2.81 %

Georgia


2.44 %

Colorado


2.43 %

Nevada


2.00 %

Arizona


1.98 %

Washington


1.89 %

Ohio


1.88 %

Alabama


1.79 %

Nebraska


1.60 %

Oklahoma


1.19 %

Minnesota


1.12 %

Iowa


0.97 %

Virginia


0.88 %

Indiana


0.85 %

New Hampshire


0.81 %

Utah


0.77 %

North Carolina


0.76 %

Tennessee


0.60 %

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


0.14 %

Other


0.36 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


18.69 %

AA


29.45 %

A


26.06 %

BBB


17.39 %

BB


3.97 %

B


0.14 %

Not Rated


1.87 %

Pre-refunded Bonds


2.07 %

Short Term Investments


0.36 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


1.62 %

1 To 5 Years


3.11 %

5 To 10 Years


4.74 %

10 To 20 Years


19.61 %

20 To 30 Years


56.06 %

More than 30 Years


14.86 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


14.17 %

Average Coupon:


4.57 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


1.06 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


7.27 %

VMTP Shares:


14.61 %

VRDP Shares:


16.55 %

Total Fund Leverage:


39.49%*

Average Maturity:


   10.09 Years

Effective Duration:


    8.05 Years

Total Net Assets:


$371.52 Million**

Common Stock Net Asset Value:


$12.92

Total Number of Holdings:


171

Portfolio Turnover:


55.00 %


* The total percentage of leverage constitutes 7.27% through the use of tender option bonds, 14.61% in issued and outstanding VMTPs, 16.55% in issued and outstanding VRDPs and 1.06% 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.

 

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302289046.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What are the top 3 state exposures in AllianceBernstein National Municipal Income Fund (AFB) as of September 2024?

As of September 2024, AFB's top 3 state exposures are Texas (19.31%), Illinois (8.77%), and Florida (7.01%).

What is the total net asset value of AFB as of September 30, 2024?

The total net assets of AFB as of September 30, 2024, are $371.52 Million.

What is the credit quality breakdown of AFB's portfolio as of September 2024?

AFB's portfolio credit quality consists of AAA (18.69%), AA (29.45%), A (26.06%), BBB (17.39%), BB (3.97%), B (0.14%), Not Rated (1.87%), Pre-refunded Bonds (2.07%), and Short Term Investments (0.36%).

What is AFB's largest single holding as of September 2024?

AFB's largest holding is Lamar Consolidated Independent School District Series 2024-2 5.00%, maturing 02/15/53, representing 2.68% of the portfolio.

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Alliance National Municipal Income Fund, Inc.

NYSE:AFB

AFB Rankings

#3469 Ranked by Market Cap
#700 Ranked by Dividends

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AFB Stock Data

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62.41%
0.02%
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