AllianceBernstein National Municipal Income Fund: Key Insights
AllianceBernstein National Municipal Income Fund Highlights
AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) has recently shared its monthly portfolio update, shedding light on its financial strategies and key investments as of the end of September.
Portfolio Overview
AllianceBernstein’s portfolio reflects a strategic allocation aimed at maximizing returns while managing risk. The top ten fixed-income holdings comprise a diverse array of municipal bonds, ensuring a robust safety net against market fluctuations.
Top 10 Fixed-Income Holdings
1) Lamar Consolidated Independent School District Series 2024-2 5.00%, due 02/15/53 - 2.68% of the portfolio
2) City of New Orleans LA Series 2021-A 5.00%, due 12/01/46 - 2.66% of the portfolio
3) Prosper Independent School District Series 2024 4.00%, due 02/15/54 - 2.42% of the portfolio
4) Greenwood Independent School District Series 2024 4.00%, due 02/15/54 - 2.30% of the portfolio
5) Melissa Independent School District Series 2024-2 4.25%, due 02/01/53 - 2.14% of the portfolio
6) Dallas Independent School District Series 2024-2 4.00%, due 02/15/54 - 1.95% of the portfolio
7) City of New York NY Series 2023 4.125%, due 08/01/53 - 1.87% of the portfolio
8) Public Authority for Colorado Energy Series 2008 6.50%, due 11/15/38 - 1.86% of the portfolio
9) Denton Independent School District Series 2024-2 5.00%, due 08/15/48 - 1.81% of the portfolio
10) Commonwealth of Massachusetts Series 2024-2 5.00%, due 05/01/53 - 1.80% of the portfolio
Investment Strategy Breakdown
Analyzing the sector and industry allocations reveals that the Fund prioritizes sectors with stable revenue streams and growth potential.
Sector/Industry Breakdown
Health Care - Not-for-Profit 10.95%, Prepay Energy 7.30%, Revenue - Miscellaneous 7.20%, and Electric Utility 2.45% are some of the significant sectors represented in the portfolio.
Portfolio Performance Metrics
The Fund reported important statistics that characterize its financial health and operational efficiency.
Key Portfolio Statistics
Average coupon stands at 4.57% and the total net assets are valued at $371.52 million. The portfolio has a total number of holdings amounting to 171, reflecting a well-diversified investment strategy.
Frequently Asked Questions
What does the AllianceBernstein National Municipal Income Fund do?
The Fund focuses on generating income through investments in municipal bonds.
What are the top holdings of the Fund?
Some top holdings include Lamar Consolidated Independent School District bonds and City of New Orleans series bonds.
What is the average coupon of the portfolio?
The average coupon of the portfolio is currently 4.57%.
What sectors does the Fund invest in?
The Fund invests in various sectors including health care, energy, and utilities.
How much leverage does the Fund utilize?
The Fund utilizes leverage at a total level of approximately 39.49%.
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