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.
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