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 February 29, 2024, revealing top fixed-income holdings, sector breakdown, state allocation, credit quality, and portfolio statistics.

NEW YORK, March 26, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of February 29, 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		2.69 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46		2.65 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54		2.39 %
4) Melissa Independent School District Series 2023 4.25%, 02/01/53		2.12 %
5) Dallas Independent School District Series 2024 4.00%, 02/15/54		1.91 %
6) City of New York NY Series 2023 4.125%, 08/01/53		1.84 %
7) Denton Independent School District Series 2023 5.00%, 08/15/48		1.82 %
8) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53		1.80 %
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		1.64 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		13.27 %
Prepay Energy		6.37 %
Revenue - Miscellaneous		6.00 %
Airport		5.18 %
Toll Roads/Transit		3.72 %
Higher Education - Private		3.38 %
Electric Utility		3.14 %
Industrial Development - Industry		2.75 %
Tobacco Securitization		1.85 %
Port		1.42 %
Primary/Secondary Ed. - Public		1.30 %
Industrial Development - Utility		0.51 %
Water & Sewer		0.39 %
Senior Living		0.23 %
SUBTOTAL		49.51 %
Tax Supported
Local G.O.		15.68 %
State G.O.		7.40 %
Special Tax		6.80 %
State Lease		0.57 %
Assessment District		0.17 %
SUBTOTAL		30.62 %
Insured/Guaranteed
Guaranteed		13.00 %
SUBTOTAL		13.00 %
Prerefunded/ETM		3.10 %
Commercial Mortgage-Backed Securities		2.15 %
Cash & Cash Equivalents
Funds and Investment Trusts		1.62 %
SUBTOTAL		1.62 %
Total		100.00 %
State Breakdown		Portfolio %
Texas		16.24 %
Illinois		9.82 %
New York		7.43 %
Michigan		5.96 %
Florida		5.47 %
California		5.36 %
Wisconsin		5.21 %
Pennsylvania		4.81 %
New Jersey		4.75 %
Massachusetts		3.65 %
South Carolina		3.00 %
Louisiana		2.84 %
Georgia		2.24 %
New Hampshire		2.01 %
Arizona		1.94 %
Ohio		1.87 %
Washington		1.87 %
Minnesota		1.60 %
Nebraska		1.57 %
Nevada		1.50 %
Oklahoma		1.47 %
Utah		1.19 %
Colorado		1.14 %
Iowa		0.87 %
Virginia		0.86 %
North Carolina		0.75 %
West Virginia		0.66 %
Indiana		0.48 %
North Dakota		0.42 %
Maryland		0.37 %
Arkansas		0.33 %
Oregon		0.21 %
Connecticut		0.19 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Other		1.62 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		16.27 %
AA		28.45 %
A		29.01 %
BBB		16.44 %
BB		3.90 %
B		0.13 %
CCC		0.10 %
D		0.22 %
Not Rated		0.76 %
Pre-refunded Bonds		3.10 %
Short Term Investments		1.62 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		4.08 %
1 To 5 Years		2.09 %
5 To 10 Years		6.10 %
10 To 20 Years		21.50 %
20 To 30 Years		55.29 %
More than 30 Years		10.94 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		11.74 %
Average Coupon:		4.55 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		2.37 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		38.40 %
Total Fund Leverage:		40.77%*
Average Maturity:		10.90 Years
Effective Duration:		7.95 Years
Total Net Assets:		$362.71 Million**
Common Stock Net Asset Value:		$12.62
Total Number of Holdings:		169
Portfolio Turnover:		55.00 %

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 38.40%in issued and outstanding VMTPs and 2.37% 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.

 

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SOURCE AllianceBernstein National Municipal Income Fund, Inc.

FAQ

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

The top 3 fixed-income holdings are Lamar Consolidated Independent School District Series 2023-A, City of New Orleans LA Series 2021-A, and Prosper Independent School District Series 2024.

What is the state breakdown of the portfolio for AFB?

The state breakdown includes Texas at 16.24%, Illinois at 9.82%, and New York at 7.43% among others.

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

The credit quality breakdown consists of 16.27% AAA, 28.45% AA, 29.01% A, and 16.44% BBB among others.

What is the total net assets of AllianceBernstein National Municipal Income Fund, Inc.?

The total net assets amount to $362.71 million.

How many total holdings does AFB have in its portfolio?

AFB has a total of 169 holdings in its portfolio.