NEW YORK, Dec. 28, 2021 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of November 30, 2021.

AllianceBernstein National Municipal Income Fund, Inc.








Top 10 Fixed-Income Holdings


Portfolio %

1) Metropolitan Transportation Authority  (Metropolitan Transportation Authority Dedicated Tax Fund)  Series 2016-A  5.25%, 11/15/35

2.48%

2) Central Plains Energy Project  (Goldman Sachs Group Inc/(The))  Series 2017-A  5.00%, 9/01/42

2.12%

3) State of Connecticut Special Tax Revenue    Series 2012-A  5.00%, 1/01/29

2.10%

4) Jefferson County Board of Education/AL    Series 2018  5.00%, 2/01/46

1.75%

5) Wisconsin Public Finance Authority(CHF - Wilmington LLC)  AGM  Series 2018  5.00%, 7/01/58

1.71%

6) Detroit Downtown Development Authority  AGM  Series 2018-A  5.00%, 7/01/48

1.58%

7) Los Angeles Department of Water & Power Power System Revenue    Series 2013-B  5.00%, 7/01/30

1.55%

8) Tobacco Settlement Financing Corp./NJ    Series 2018-A  5.00%, 6/01/46

1.52%

9) Metropolitan Pier & Exposition Authority    Series 2020  5.00%, 6/15/50

1.52%

10) California Statewide Communities Development Authority  (CHF-Irvine LLC)  Series 2021  3.00%, 5/15/54

1.50%




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


22.09%

Airport


7.77%

Revenue - Miscellaneous


6.03%

Toll Roads/Transit


5.74%

Electric Utility


5.24%

Prepay Energy


2.77%

Water & Sewer


2.12%

Higher Education - Private


1.71%

Tobacco Securitization


1.52%

Primary/Secondary Ed. - Public


1.10%

Higher Education - Public


1.01%

Port


0.69%

Industrial Development - Utility


0.46%

Senior Living


0.26%

Industrial Development - Industry


0.19%

SUBTOTAL


58.70%

Tax Supported



Special Tax


17.42%

State G.O.


7.72%

Local G.O.


2.47%

Tax-Supported State Lease


2.44%

Assessment District


2.06%

Tax-Supported Local Lease


0.55%

SUBTOTAL


32.66%

Prerefunded/ETM


7.72%

Asset-Backed



Housing - Multi-Family


0.65%

SUBTOTAL


0.65%

Cash Equivalents



Investment Companies


0.27%

SUBTOTAL


0.27%

Total


100.00%




State Breakdown


Portfolio %

California


12.14%

New York


11.30%

Illinois


11.11%

New Jersey


8.31%

Pennsylvania


7.72%

Connecticut


5.32%

Florida


4.79%

Michigan


3.78%

Texas


3.51%

South Carolina


3.09%

Wisconsin


2.92%

Alabama


2.45%

Nebraska


2.12%

Colorado


1.82%

Oklahoma


1.80%

Georgia


1.63%

North Carolina


1.60%

Minnesota


1.52%

Tennessee


1.39%

Arizona


1.29%

Utah


1.21%

Maryland


1.09%

Ohio


1.06%

District of Columbia


0.94%

Kansas


0.87%

Guam


0.83%

Kentucky


0.80%

West Virginia


0.67%

Massachusetts


0.53%

Puerto Rico


0.53%

Hawaii


0.41%

Arkansas


0.32%

Indiana


0.19%

Iowa


0.19%

Louisiana


0.18%

Washington


0.17%

New Hampshire


0.13%

Other


0.27%

Total Investments


100.00%




Credit Quality Breakdown


Portfolio %

AAA


4.50%

AA


31.33%

A


33.66%

BBB


19.21%

BB


2.24%

D


0.28%

Not Rated


0.79%

Pre-refunded Bonds


7.72%

Short-Term Investments


0.27%

Total Investments


100.00%




Bonds By Maturity


Portfolio %

Less than 1 year


0.27%

1 to 5 years


1.66%

5 to 10 years


22.70%

10 to 20 years


31.61%

20 to 30 years


37.15%

More Than 30 years


6.61%

Other


0.00%

Total Investments


100.00%




Portfolio Statistics:



AMT Percent:


9.88%

Average Coupon:


4.93%

Percentage of Leverage:



Bank Borrowing:


0.00%

Investment Operations:


0.34%

Auction Preferred Shares (APS):


0.00%

Tender Option Bonds:


3.95%

Variable Rate MuniFund Term Preferred Shares (VMTPs):

34.98%

Total Fund Leverage:


39.27%*

Average Effective Maturity:


4.55  Years

Effective Duration:


N/A

Total Net Assets:


$441.87 Million**

Common Stock Net Asset Value:


$15.26

Number of Holdings:


181

Portfolio Turnover:


6%




* The total percentage of leverage constitutes 3.95% through the use of tender option bonds, 34.98%  in issued and outstanding VMTPs and 0.340% 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.

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SOURCE AllianceBernstein National Municipal Income Fund