AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

NEW YORK, Sept. 26, 2023 /PRNewswire/ — AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the “Fund”) today released its monthly portfolio update as of August 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


2.72 %

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


1.86 %

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


1.86 %

4) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46


1.78 %

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


1.77 %

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


1.75 %

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


1.68 %

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


1.68 %

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


1.62 %

10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62


1.61 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care – Not-for-Profit


17.95 %

Airport


9.74 %

Revenue – Miscellaneous


7.83 %

Toll Roads/Transit


6.27 %

Electric Utility


3.22 %

Prepay Energy


2.99 %

Tobacco Securitization


2.94 %

Higher Education – Private


2.77 %

Industrial Development – Industry


2.63 %

Primary/Secondary Ed. – Public


2.33 %

Port


0.89 %

Industrial Development – Utility


0.53 %

Water & Sewer


0.40 %

Senior Living


0.23 %

SUBTOTAL


60.72 %

Tax Supported



Local G.O.


15.24 %

Special Tax


9.77 %

State G.O.


7.36 %

State Lease


0.59 %

SUBTOTAL


32.96 %

Prerefunded/ETM


3.28 %

Commercial Mortgage-Backed Securities


1.60 %

Insured/Guaranteed



Guaranteed


0.48 %

SUBTOTAL


0.48 %

Cash & Cash Equivalents



Funds and Investment Trusts


0.48 %

SUBTOTAL


0.48 %

Asset-Backed



Housing – Multi-Family


0.48 %

SUBTOTAL


0.48 %

Total


100.00 %




State Breakdown


Portfolio %

Illinois


11.58 %

New York


7.60 %

Pennsylvania


7.51 %

Florida


6.95 %

New Jersey


6.47 %

Michigan


6.08 %

Wisconsin


6.03 %

California


5.59 %

Texas


4.26 %

South Carolina


3.13 %

Louisiana


2.92 %

Georgia


2.51 %

North Carolina


2.40 %

Virginia


2.33 %

Ohio


2.24 %

Alabama


1.95 %

Arizona


1.95 %

Massachusetts


1.86 %

Minnesota


1.70 %

Maryland


1.56 %

Oklahoma


1.53 %

New Hampshire


1.46 %

Nevada


1.43 %

Colorado


1.29 %

Utah


1.24 %

Iowa


1.01 %

Nebraska


0.89 %

West Virginia


0.68 %

Connecticut


0.62 %

Indiana


0.46 %

Hawaii


0.44 %

Arkansas


0.35 %

Washington


0.30 %

Oregon


0.21 %

District of Columbia


0.18 %

South Dakota


0.13 %

Puerto Rico


0.10 %

Tennessee


0.07 %

Kentucky


0.03 %

Other


0.96 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


3.15 %

AA


33.84 %

A


35.32 %

BBB


19.87 %

BB


2.51 %

B


0.98 %

D


0.23 %

Not Rated


0.34 %

Pre-refunded Bonds


3.28 %

Short Term Investments


0.48 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


2.28 %

1 To 5 Years


4.02 %

5 To 10 Years


7.68 %

10 To 20 Years


27.76 %

20 To 30 Years


45.82 %

More than 30 Years


12.44 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


15.60 %

Average Coupon:


4.45 %

Percentage of Leverage:



Bank Borrowing:


0.00 %

Investment Operations:


0.00 %

Auction Preferred Shares (APS):


0.00 %

Tender Option Bonds:


0.00 %

VMTP Shares:


40.45 %

Total Fund Leverage:


40.45%*

Average Maturity:


   12.66 Years

Effective Duration:


    8.05 Years

Total Net Assets:


$346.65 Million**

Common Stock Net Asset Value:


$12.06

Total Number of Holdings:


181

Portfolio Turnover:


18.00 %

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.45% 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.               

SOURCE AllianceBernstein National Municipal Income Fund, Inc.