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AllianceBernstein National Municipal Income Fund: Portfolio Insights

AllianceBernstein National Municipal Income Fund: Portfolio Insights

Monthly Portfolio Update from AllianceBernstein National Municipal Income Fund, Inc.

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) has released its latest monthly portfolio update, providing insights as of June 30. This update is crucial for investors and analysts seeking a comprehensive understanding of the fund's investments.

Top Holdings in the Portfolio

The fund maintains a diversified collection of fixed-income securities, focusing on key sectors. The top 10 fixed-income holdings are as follows:

1. Melissa Independent School District Series 2024-2 4.25%

Portfolio %: 1.97%

2. Commonwealth of Massachusetts Series 2025-2 5.00%

Portfolio %: 1.93%

3. Worthington City School District Series 2023 5.50%

Portfolio %: 1.80%

4. New York Transportation Development Corp. Series 2024 Zero Coupon

Portfolio %: 1.80%

5. Metropolitan Washington Airports Authority Aviation Revenue Series 2025-A 5.50%

Portfolio %: 1.79%

6. State of Hawaii Airports System Revenue Series 2025-2 5.50%

Portfolio %: 1.78%

7. Dallas Independent School District Series 2024-2 4.00%

Portfolio %: 1.77%

8. Greenwood Independent School District Series 2025-2 5.00%

Portfolio %: 1.76%

9. County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%

Portfolio %: 1.76%

10. Leander Independent School District Series 2025-A 5.00%

Portfolio %: 1.74%

State Investment Breakdown

The portfolio is allocated across multiple states, emphasizing diversity and risk management. Here’s the breakdown:

Texas

Percentage: 16.57%

Florida

Percentage: 8.60%

Illinois

Percentage: 8.08%

California

Percentage: 7.57%

Wisconsin

Percentage: 6.34%

New York

Percentage: 6.27%

Massachusetts

Percentage: 5.48%

Ohio

Percentage: 4.02%

Colorado

Percentage: 3.40%

Pennsylvania

Percentage: 3.10%

Portfolio Statistics and Investment Characteristics

The fund showcases stable performance metrics that are appealing for both conservative and aggressive investors:

Average Coupon Rate

4.73%

Effective Duration

12.01 Years

Total Net Assets

$331.36 Million

Net Asset Value

$11.53

Leverage and Turnover Details

Investor transparency is crucial in investment management:

Percentage of Leverage

42.35%

Portfolio Turnover

32.00%

Frequently Asked Questions

What is the primary focus of the AllianceBernstein National Municipal Income Fund?

The fund focuses on investments in municipal income securities with an emphasis on risk management and stability.

How often does the fund provide portfolio updates?

The fund provides monthly portfolio updates to keep investors informed about its investment strategies and holdings.

What are the major sectors in which the fund invests?

The fund primarily invests in education and infrastructure within various states, focusing on fixed-income securities.

How can investors access the fund's performance data?

Investors can view performance data through the fund's official reports and financial statements available on investment platforms.

What is the significance of the average coupon rate for investors?

The average coupon rate is significant as it indicates the yield that investors can expect from their investments in the fund.

About The Author

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The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.

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