NEW YORK, Nov. 28, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2023.

AllianceBernstein National Municipal Income Fund, Inc.









Top 10 Fixed-Income Holdings


Portfolio %

1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46


2.79 %

2) Melissa Independent School District Series 2023 4.25%, 02/01/53


2.03 %

3) Denton Independent School District Series 2023 5.00%, 08/15/48


1.89 %

4) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53


1.88 %

5) City of New York NY Series 2023 4.125%, 08/01/53


1.78 %

6) Detroit City School District Series 2001-A 6.00%, 05/01/29


1.75 %

7) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58


1.74 %

8) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48


1.73 %

9) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46


1.64 %

10) City of El Paso TX Series 2021-C 4.00%, 08/15/47


1.60 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


14.52 %

Revenue - Miscellaneous


7.61 %

Airport


7.41 %

Prepay Energy


5.75 %

Toll Roads/Transit


4.82 %

Higher Education - Private


3.29 %

Electric Utility


3.24 %

Industrial Development - Industry


2.81 %

Tobacco Securitization


2.09 %

Primary/Secondary Ed. - Public


1.75 %

Port


0.86 %

Industrial Development - Utility


0.56 %

Water & Sewer


0.42 %

Senior Living


0.23 %

SUBTOTAL


55.36 %

Tax Supported



Local G.O.


18.07 %

State G.O.


7.93 %

Special Tax


7.68 %

State Lease


0.61 %

Assessment District


0.18 %

SUBTOTAL


34.47 %

Insured/Guaranteed



Guaranteed


4.38 %

SUBTOTAL


4.38 %

Commercial Mortgage-Backed Securities


2.24 %

Cash & Cash Equivalents



Funds and Investment Trusts


1.81 %

SUBTOTAL


1.81 %

Prerefunded/ETM


1.74 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


10.17 %

Illinois


10.08 %

New York


7.09 %

California


6.92 %

Michigan


6.77 %

Florida


5.89 %

Wisconsin


5.62 %

New Jersey


5.15 %

Pennsylvania


4.94 %

South Carolina


3.20 %

Louisiana


3.00 %

Massachusetts


2.85 %

Arizona


2.44 %

Georgia


2.33 %

New Hampshire


2.05 %

Washington


1.91 %

Ohio


1.90 %

Nebraska


1.67 %

Minnesota


1.58 %

Oklahoma


1.55 %

North Carolina


1.53 %

Nevada


1.47 %

Virginia


1.39 %

Colorado


1.37 %

Utah


1.25 %

Iowa


0.98 %

West Virginia


0.68 %

Indiana


0.45 %

Maryland


0.39 %

Arkansas


0.36 %

North Dakota


0.35 %

Oregon


0.19 %

Connecticut


0.18 %

Alabama


0.16 %

South Dakota


0.13 %

Puerto Rico


0.10 %

Tennessee


0.07 %

Kentucky


0.03 %

Other


1.81 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


7.89 %

AA


32.41 %

A


32.67 %

BBB


18.17 %

BB


3.59 %

B


0.57 %

CCC


0.12 %

D


0.24 %

Not Rated


0.79 %

Pre-refunded Bonds


1.74 %

Short Term Investments


1.81 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


3.49 %

1 To 5 Years


1.33 %

5 To 10 Years


9.97 %

10 To 20 Years


22.45 %

20 To 30 Years


49.89 %

More than 30 Years


12.87 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


13.71 %

Average Coupon:


4.47 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.00 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


0.00 %

VMTP Shares:


43.25 %

Total Fund Leverage:


43.25%*

Average Maturity:


   16.99 Years

Effective Duration:


   10.54 Years

Total Net Assets:


$311.65 Million**

Common Stock Net Asset Value:


$10.84

Total Number of Holdings:


176

Portfolio Turnover:


18.00 %




* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 43.25%



in issued and outstanding VMTPs and 0.00% in investment operations, which may include the use of

certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash,

reverse repurchase agreements and when-issued securities.




** The Fund also had outstanding $232,125,000 of VMTPs at liquidation value, which is not included



in Total Net Assets because it is treated as a liability for financial reporting purposes.




The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The

Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

 

Cision View original content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-301999627.html

SOURCE AllianceBernstein National Municipal Income Fund, Inc.