Monthly Portfolio Insights from AllianceBernstein National Fund

AllianceBernstein National Municipal Income Fund Update

AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) has shared its latest portfolio update, reflecting its ongoing commitment to delivering quality investment options to its stakeholders. The fund's performance metrics up until the end of January reveal the diverse range of its fixed-income investments and strategic asset allocation aimed at maximizing income for shareholders.

Highlighted Fixed-Income Holdings

The top ten fixed-income holdings characterize the fund's investment approach, emphasizing regional education and state projects. Here are a few notable positions:

1. Lamar Consolidated Independent School District

This specific holding contributes approximately 2.70% to the portfolio while maintaining a strong bond rating, with a maturity set for February 15, 2053.

2. City of New Orleans, LA

Another significant position, this bond currently reflects an allocation of 2.66%, maturing on December 1, 2046, showcasing the fund's strategic investment in urban community projects.

3. Prosper Independent School District

With 2.41% allocation, this bond matures on February 15, 2054, emphasizing the importance of investing in educational infrastructure.

Sector and Industry Breakdown

Analyzing the fund's structure helps illustrate the emphasis on stability and long-term growth potential. The sector breakdown indicates a strong focus on:

• Health Care - Not-for-Profit: 11.30%
• Revenue - Miscellaneous: 8.38%
• Airport: 6.26%
• Toll Roads/Transit: 3.64%

This diversified allocation stabilizes the core holdings while potentially boosting overall returns.

Credit Quality Breakdown

Understanding the credit ratings associated with the fund's holdings serves as a key indicator of risk and potential return. The breakdown shows notable allocations as follows:

• AAA: 18.45%
• AA: 27.87%
• A: 26.31%
• BBB: 17.12%

The emphasis on higher-rated securities helps mitigate risk while also pursuing income generation.

Portfolio Statistics

Key statistics offer insights into the fund's operational aspects and investment efficiency:

• AMT Percent: 17.83%
• Average Coupon: 4.58%
• Common Stock Net Asset Value: $12.43
• Total Number of Holdings: 165

These statistics highlight the fund's comprehensive strategy on maintaining effective portfolio management.

Investment Strategy and Goals

As a closed-end investment management company, the AllianceBernstein National Municipal Income Fund, Inc. aims to maximize shareholder value through carefully curated investments in municipal bonds. This commitment to strategic investments ensures a focus on generating sustainable income while balancing risk.

The fund utilizes distinct leverage methods, including tender option bonds and variable rate demand obligations, to enhance its yield and overall performance. As of late January, the total leverage reached 39.70%, indicating a calculated strategy aimed at offering competitive returns.

Frequently Asked Questions

What is the major investment strategy of the AllianceBernstein National Municipal Income Fund?

The fund focuses on municipal bonds to generate income for investors while mitigating risk through diversified holdings.

How does credit quality impact the fund's portfolio performance?

Higher credit quality securities reduce the risk of default while potentially increasing income stability.

What is the significance of portfolio statistics?

Portfolio statistics offer insights into performance metrics such as the average coupon rate and common stock net asset value, reflecting the fund's health.

How often does the fund update its portfolio?

The fund releases updates on a monthly basis to keep investors informed about its holdings and strategies.

Can investors expect growth in their income from this fund?

Investors can anticipate steady income generation, supported by the fund's deliberate focus on high-quality investments and diversified sectors.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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