AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB](the “Fund”) today released its monthly portfolio update as of February 28, 2025.
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 2.65%2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 2.61%3) Greenwood Independent School District Series 2024 4.00%, 02/15/54 2.26%4) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.11%5) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.91%6) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.84%7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 1.83%8) City of New York NY Series 2023 4.125%, 08/01/53 1.82%9) State of Hawaii Airports System Revenue Series 2025-A 5.50%, 07/01/54 1.81%10) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55 1.79%Sector/Industry Breakdown Portfolio %RevenueHealth Care – Not-for-Profit 11.09%Airport 8.57%Revenue – Miscellaneous 8.19%Prepay Energy 7.22%Industrial Development – Airline 3.58%Toll Roads/Transit 3.56%Higher Education – Private 2.49%Port 2.33%Primary/Secondary Ed. – Public 2.30%Water & Sewer 2.13%Industrial Development – Industry 2.09%Electric Utility 2.05%Tobacco Securitization 1.83%Senior Living 0.95%Industrial Development – Utility 0.51%SUBTOTAL 58.89%Tax SupportedLocal G.O. 13.68%State G.O. 5.96%Special Tax 4.53%Assessment District 0.18%SUBTOTAL 24.35%Guaranteed 14.41%Prerefunded/ETM 0.98%Asset-BackedHousing – Multi-Family 0.91%SUBTOTAL 0.91%Cash & Cash EquivalentsFunds and Investment Trusts 0.46%SUBTOTAL 0.46%Total 100.00%State Breakdown Portfolio %Texas 17.81%Illinois 7.92%Florida 7.61%New York 7.35%Wisconsin 6.24%California 5.63%Michigan 4.49%South Carolina 4.41%Massachusetts 3.78%Pennsylvania 3.38%Louisiana 2.61%New Jersey 2.51%Colorado 2.41%Alabama 2.10%Washington 1.86%Hawaii 1.81%Arizona 1.80%Ohio 1.75%Nebraska 1.60%New Hampshire 1.45%Georgia 1.33%Nevada 1.17%Iowa 0.96%Minnesota 0.95%Virginia 0.86%Indiana 0.84%Utah 0.77%North Carolina 0.75%Alaska 0.66%Tennessee 0.51%Maryland 0.36%North Dakota 0.34%Arkansas 0.33%Oklahoma 0.33%Puerto Rico 0.32%Oregon 0.22%Connecticut 0.19%South Dakota 0.13%Other 0.46%Total Investments 100.00%Credit Quality Breakdown Portfolio %AAA 17.30%AA 29.08%A 26.43%BBB 16.78%BB 5.80%B 0.80%Not Rated 2.37%Pre-refunded Bonds 0.98%Short Term Investments 0.46%Total 100.00%Bonds by Maturity Portfolio %Less than 1 Year 0.64%1 To 5 Years 2.92%5 To 10 Years 4.31%10 To 20 Years 17.80%20 To 30 Years 60.63%More than 30 Years 13.70%Other 0.00%Total Net Assets 100.00%Portfolio Statistics:AMT Percent: 18.29%Average Coupon: 4.78%Percentage of Leverage:Bank Borrowing: 0.00%Investment Operations: 1.78%Auction Preferred Shares (APS): 0.00%Tender Option Bonds: 7.33%VMTP Shares: 14.71%VRDP Shares: 16.66%Total Fund Leverage: 40.48%*Average Maturity: 11.70 YearsEffective Duration: 8.95 YearsTotal Net Assets: $362.03 Million**Common Stock Net Asset Value: $12.59Total Number of Holdings: 163Portfolio Turnover: 32.00%
* The total percentage of leverage constitutes 7.33% through the use of tender option bonds, 14.71%in issued and outstanding VMTPs, 16.66% in issued and outstanding VRDPs and 1.78% in investmentoperations, which may include the use of certain portfolio management techniques such as credit defaultswaps, 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 includedin 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 includedin 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. TheFund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
https://c212.net/c/img/favicon.png?sn=NY48349&sd=2025-03-24
View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-302409548.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
https://rt.newswire.ca/rt.gif?NewsItemId=NY48349&Transmission_Id=202503241606PR_NEWS_USPR_____NY48349&DateId=20250324