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

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AllianceBernstein National Municipal Income Fund, Inc. releases its monthly portfolio update as of January 31, 2024, showcasing its top fixed-income holdings, sector breakdown, state allocation, credit quality breakdown, and portfolio statistics.

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of January 31, 2024.

AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53		2.70 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.66 %
3) Melissa Independent School District Series 2023 4.25%, 02/01/53		2.13 %
4) Dallas Independent School District Series 2024 4.00%, 02/15/54		1.93 %
5) City of New York NY Series 2023 4.125%, 08/01/53		1.86 %
6) Denton Independent School District Series 2023 5.00%, 08/15/48		1.82 %
7) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53		1.80 %
8) City of El Paso TX Series 2021-C 4.00%, 08/15/47		1.71 %
9) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.69 %
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.65 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		13.44 %
Prepay Energy		6.39 %
Revenue - Miscellaneous		6.01 %
Airport		5.17 %
Toll Roads/Transit		4.22 %
Higher Education - Private		3.36 %
Electric Utility		3.14 %
Industrial Development - Industry		2.76 %
Tobacco Securitization		1.99 %
Primary/Secondary Ed. - Public		1.69 %
Port		1.40 %
Industrial Development - Utility		0.51 %
Water & Sewer		0.39 %
Senior Living		0.23 %
SUBTOTAL		50.70 %
Tax Supported
Local G.O.		17.46 %
State G.O.		7.42 %
Special Tax		6.84 %
State Lease		0.57 %
Assessment District		0.17 %
SUBTOTAL		32.46 %
Insured/Guaranteed
Guaranteed		10.67 %
SUBTOTAL		10.67 %
Prerefunded/ETM		3.62 %
Commercial Mortgage-Backed Securities		2.16 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.39 %
SUBTOTAL		0.39 %
Total		100.00 %
State Breakdown		Portfolio %
Texas		15.64 %
Illinois		9.84 %
California		6.31 %
New York		6.10 %
Michigan		6.00 %
Florida		5.86 %
Wisconsin		5.19 %
Pennsylvania		4.81 %
New Jersey		4.74 %
Massachusetts		3.66 %
South Carolina		2.99 %
Louisiana		2.85 %
Colorado		2.26 %
Georgia		2.24 %
New Hampshire		2.02 %
Arizona		1.92 %
Ohio		1.87 %
Washington		1.87 %
Minnesota		1.60 %
Nebraska		1.58 %
Nevada		1.50 %
Oklahoma		1.46 %
Virginia		1.39 %
Utah		1.19 %
Iowa		1.02 %
North Carolina		0.75 %
West Virginia		0.66 %
Indiana		0.49 %
North Dakota		0.42 %
Maryland		0.36 %
Arkansas		0.33 %
Oregon		0.21 %
Connecticut		0.18 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Other		0.39 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		13.96 %
AA		30.28 %
A		29.16 %
BBB		17.52 %
BB		3.86 %
B		0.13 %
CCC		0.10 %
D		0.22 %
Not Rated		0.76 %
Pre-refunded Bonds		3.62 %
Short Term Investments		0.39 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		3.37 %
1 To 5 Years		2.08 %
5 To 10 Years		6.31 %
10 To 20 Years		21.20 %
20 To 30 Years		53.70 %
More than 30 Years		13.34 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		12.02 %
Average Coupon:		4.59 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		2.39 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		38.34 %
Total Fund Leverage:		40.73%*
Average Maturity:		10.49 Years
Effective Duration:		7.73 Years
Total Net Assets:		$364.47 Million**
Common Stock Net Asset Value:		$12.68
Total Number of Holdings:		173
Portfolio Turnover:		55.00 %

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 38.34% in issued and outstanding VMTPs and 2.39% 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-302073222.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

What are the top 3 fixed-income holdings of AllianceBernstein National Municipal Income Fund, Inc. (AFB)?

The top 3 fixed-income holdings of AFB are Lamar Consolidated Independent School District Series 2023-A, City of New Orleans LA Series 2021-A, and Melissa Independent School District Series 2023.

What is the sector breakdown of AFB's portfolio?

AFB's portfolio is diversified with sectors like Health Care, Prepay Energy, Airport, Toll Roads/Transit, Higher Education, Electric Utility, and more.

Which states have the highest allocation in AFB's portfolio?

Texas, Illinois, and California have the highest allocation in AFB's portfolio.

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

AFB's portfolio consists of AAA, AA, A, BBB, BB, and other rated bonds, showcasing a diversified credit quality breakdown.

What are the key portfolio statistics of AFB?

AFB's portfolio statistics include an average coupon of 4.59%, leverage of 40.73%, average maturity of 10.49 years, effective duration of 7.73 years, and total net assets of $364.47 million.