AllianceBernstein National Municipal Income Fund’s Top Holdings and Sector Breakdown as of February 2025
AllianceBernstein National Municipal Income Fund, Inc. (AFB) recently released its monthly portfolio update for February 2025. In this update, the Fund disclosed its top 10 fixed-income holdings and sector/industry breakdown as of February 28, 2025.
Top 10 Fixed-Income Holdings
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Lamar Consolidated Independent School District Series 2024-2: This holding consists of 5.00% bonds issued by Lamar Consolidated Independent School District with maturity date on February 15, 2053. The current yield is 2.65%.
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City of New Orleans LA Series 2021-A: The Fund holds 5.00% bonds issued by the City of New Orleans, maturing on December 1, 1946. The current yield is 2.61%.
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Greenwood Independent School District Series 2024: This holding comprises 4.00% bonds issued by Greenwood Independent School District, maturing on February 15, 2054. The current yield is 2.26%.
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Melissa Independent School District Series 2024-2: The Fund owns 4.25% bonds issued by Melissa Independent School District, maturing on February 1, 1953. The current yield is 2.11%.
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Dallas Independent School District Series 2024-2: This holding consists of 4.00% bonds issued by Dallas Independent School District, maturing on February 15, 2054. The current yield is 1.91%.
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New York Transportation Development Corp. Series 2024 Zero Coupon: The Fund holds zero coupon bonds issued by the New York Transportation Development Corp., maturing on December 31, 1954. The current yield is 1.84%.
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Public Authority for Colorado Energy Series 2008: This holding consists of 6.50% bonds issued by the Public Authority for Colorado Energy, maturing on November 15, 1938. The current yield is 1.83%.
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City of New York NY Series 2023: The Fund holds 4.125% bonds issued by the City of New York, maturing on August 1, 1953. The current yield is 1.82%.
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State of Hawaii Airports System Revenue Series 2025-A: This holding consists of 5.50% bonds issued by the State of Hawaii Airports System, maturing on July 1, 1954. The current yield is 1.81%.
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County of Miami-Dade FL Aviation Revenue Series 2025-A: The Fund holds 5.50% bonds issued by the County of Miami-Dade, maturing on October 1, 1955. The current yield is 1.79%.
Sector/Industry Breakdown
The sector/industry breakdown of the Fund’s portfolio as of February 28, 2025, is as follows:
- Revenue – Health Care – Not-for-Profit: 11.09%
- Airport: 8.57%
- Revenue – Miscellaneous: 8.19%
- Prepay Energy: 7.22%
- Industrial Development – Airline: 3.58%
- Toll Roads/Transit: 3.56%
- Higher Education – Private: 2.49%
- Port: 2.33%
- Primary/Secondary Ed: 2.33%
Impact on Individual Investors
The composition of AllianceBernstein National Municipal Income Fund’s portfolio may provide insight into the investment strategies of the fund managers. For individual investors, this information can serve as a reference point when making investment decisions in the municipal bond market. By analyzing the sectors and issuers represented in the Fund’s portfolio, investors can gain a better understanding of the risks and potential returns associated with investing in municipal bonds. It is essential to note that past performance is not indicative of future results and that each investor’s investment objectives, risk tolerance, and investment horizon may differ.
Impact on the World
The municipal bond market plays a vital role in the global economy, providing financing for various public projects and infrastructure developments. The sectors and issuers represented in the AllianceBernstein National Municipal Income Fund’s portfolio reflect the diverse range of investment opportunities in this market. As the world continues to grapple with the challenges of aging infrastructure, climate change, and increasing demand for essential services, the municipal bond market will likely remain a critical source of financing. Understanding the trends and dynamics of the municipal bond market can help investors make informed decisions and contribute to the long-term sustainability of the global economy.
Conclusion
AllianceBernstein National Municipal Income Fund’s monthly portfolio update provides valuable insights into the investment strategies of the fund managers and the current state of the municipal bond market. By analyzing the top holdings and sector/industry breakdown of the Fund’s portfolio, individual investors can gain a better understanding of the risks and potential returns associated with investing in municipal bonds. Furthermore, the municipal bond market’s role in financing public projects and infrastructure developments has far-reaching implications for the global economy. As such, staying informed about the trends and dynamics of the municipal bond market is essential for investors and policymakers alike.
