AllianceBernstein Fund Updates Monthly Portfolio Insights

AllianceBernstein National Municipal Income Fund, Inc. Portfolio Update

Today, AllianceBernstein National Municipal Income Fund, Inc. (AFB) shared its monthly portfolio update, painting a detailed picture of its financial landscape as of the end of the previous month.

Understanding Portfolio Composition

The Fund aims to maximize investment returns by focusing on a diverse range of high-quality, long-term municipal bonds. As of the latest update, here are the top ten fixed-income holdings.

Top 10 Fixed-Income Holdings

1) Greenwood Independent School District Series 2024 5.00%, 02/15/49 - Represents 3.67% of the portfolio.

2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 - Accounts for 2.01%.

3) Commonwealth of Massachusetts Series 2024-A 5.00%, 01/01/54 - Makes up 2.00%.

4) Worthington City School District Series 2023 5.50%, 12/01/54 - Holds 1.86% of the fund.

5) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 - Comprises 1.85%.

6) State of Hawaii Airports System Revenue Series 2025-A 5.50%, 07/01/54 - Stands at 1.85%.

7) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 - Shows at 1.84%.

8) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 - Represents 1.83%.

9) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55 - Holds 1.82%.

10) Leander Independent School District Series 2025-A 5.00%, 08/15/55 - Accounts for 1.81%.

Investment Type and Strategy

The fund employs a strategic approach to diversify investments across various asset classes. By investing primarily in municipal securities, the Fund maintains a conservative risk profile while seeking reliable income.

State Breakdown of Investments

This section provides insight into geographical exposure, showing how much of the portfolio is invested in specific states.

State Breakdown

Texas leads with 17.67%, followed closely by Florida at 9.34% and California at 8.09%. Other states include Illinois (7.57%), Wisconsin (6.95%), and New York (6.35%).

Understanding Investment Statistics

The portfolio is structured to ensure stability and income through various metrics, including investment quality and maturity profiles.

Investment Statistics

The average coupon rate is currently at 4.60%, while the AMT percent stands at 22.86%. The fund boasts a total net asset figure reaching $322.75 million, reaffirming its strong market position.

Leverage and Maturity Insights

The Fund's leverage is calculated at 48.58%, a strategic choice to optimize investment returns effectively. Average maturity extends to 17.96 years, which exemplifies the Fund's focus on long-term growth.

Summary of Recent Activities

The recent monthly update from AllianceBernstein National Municipal Income Fund provides stakeholders with crucial information regarding the portfolio's changes and performance metrics. Investors can glean insights into how fluctuations in various sectors may affect their investments moving forward.

Frequently Asked Questions

What is the objective of the AllianceBernstein National Municipal Income Fund?

The Fund aims to provide high current income by investing primarily in a diversified portfolio of municipal securities.

How does the portfolio maintain its stability?

By focusing on high-quality municipal securities and maintaining a diversified investment strategy, the Fund seeks to minimize risk while maximizing income potential.

What are the top holdings in the fund currently?

The top holdings include bonds from educational institutions and governmental bodies, illustrating its focus on stable and reliable sources of income.

How does the Fund manage its investments?

The Fund leverages various strategies, including long-term investments and active management to seize market opportunities.

What are the recent trends in the fund's performance?

The Fund continues to show robust performance with a solid portfolio structure that emphasizes quality investments for sustainable growth.

About The Author

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