NEW YORK, Jan. 23, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of December 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) Melissa Independent School District Series 2023 4.25%, 02/01/53


2.18 %

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


1.93 %

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


1.89 %

5) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53


1.86 %

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


1.86 %

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


1.74 %

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


1.74 %

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


1.71 %

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


1.69 %




Sector/Industry Breakdown


Portfolio %

Revenue



Health Care - Not-for-Profit


13.80 %

Revenue - Miscellaneous


6.12 %

Airport


5.31 %

Prepay Energy


5.30 %

Toll Roads/Transit


4.26 %

Higher Education - Private


3.44 %

Electric Utility


3.23 %

Industrial Development - Industry


2.88 %

Tobacco Securitization


2.03 %

Primary/Secondary Ed. - Public


1.75 %

Port


0.91 %

Industrial Development - Utility


0.52 %

Water & Sewer


0.40 %

Senior Living


0.23 %

SUBTOTAL


50.18 %

Tax Supported



Local G.O.


17.92 %

State G.O.


7.62 %

Special Tax


7.59 %

State Lease


0.59 %

Assessment District


0.17 %

SUBTOTAL


33.89 %

Insured/Guaranteed



Guaranteed


8.11 %

SUBTOTAL


8.11 %

Prerefunded/ETM


3.70 %

Commercial Mortgage-Backed Securities


2.26 %

Cash & Cash Equivalents



Funds and Investment Trusts


1.86 %

SUBTOTAL


1.86 %

Total


100.00 %




State Breakdown


Portfolio %

Texas


13.12 %

Illinois


10.07 %

New York


6.27 %

Michigan


6.17 %

Florida


6.06 %

Wisconsin


5.91 %

California


5.72 %

Pennsylvania


4.90 %

New Jersey


4.85 %

Massachusetts


3.77 %

South Carolina


3.07 %

Louisiana


2.91 %

Georgia


2.30 %

New Hampshire


2.10 %

Arizona


2.00 %

Washington


1.93 %

Ohio


1.91 %

Minnesota


1.63 %

Nebraska


1.63 %

Nevada


1.55 %

Oklahoma


1.51 %

Virginia


1.43 %

Colorado


1.25 %

Utah


1.22 %

Iowa


1.04 %

North Carolina


0.73 %

West Virginia


0.68 %

Indiana


0.50 %

North Dakota


0.43 %

Maryland


0.37 %

Arkansas


0.34 %

Oregon


0.22 %

Connecticut


0.19 %

South Dakota


0.14 %

Puerto Rico


0.10 %

Tennessee


0.07 %

Alabama


0.05 %

Other


1.86 %

Total Investments


100.00 %




Credit Quality Breakdown


Portfolio %

AAA


11.48 %

AA


30.07 %

A


29.71 %

BBB


17.98 %

BB


3.93 %

B


0.13 %

CCC


0.15 %

D


0.22 %

Not Rated


0.77 %

Pre-refunded Bonds


3.70 %

Short Term Investments


1.86 %

Total


100.00 %




Bonds by Maturity


Portfolio %

Less than 1 Year


4.91 %

1 To 5 Years


2.14 %

5 To 10 Years


6.19 %

10 To 20 Years


21.35 %

20 To 30 Years


53.73 %

More than 30 Years


11.68 %

Other


0.00 %

Total Net Assets


100.00 %




Portfolio Statistics:



AMT Percent:


12.13 %

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:


39.15 %

Total Fund Leverage:


39.15%*

Average Maturity:


    9.04 Years

Effective Duration:


    6.90 Years

Total Net Assets:


$367.40 Million**

Common Stock Net Asset Value:


$12.78

Total Number of Holdings:


171

Portfolio Turnover:


55.00 %




* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 39.15% 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.


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SOURCE AllianceBernstein National Municipal Income Fund, Inc.