AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53
2.69 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46
2.65 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54
2.39 %
4) Melissa Independent School District Series 2023 4.25%, 02/01/53
2.12 %
5) Dallas Independent School District Series 2024 4.00%, 02/15/54
1.91 %
6) City of New York NY Series 2023 4.125%, 08/01/53
1.84 %
7) Denton Independent School District Series 2023 5.00%, 08/15/48
1.82 %
8) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53
1.80 %
9) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58
1.69 %
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62
1.64 %
Sector/Industry Breakdown
Portfolio %
Revenue
Health Care – Not-for-Profit
13.27 %
Prepay Energy
6.37 %
Revenue – Miscellaneous
6.00 %
Airport
5.18 %
Toll Roads/Transit
3.72 %
Higher Education – Private
3.38 %
Electric Utility
3.14 %
Industrial Development – Industry
2.75 %
Tobacco Securitization
1.85 %
Port
1.42 %
Primary/Secondary Ed. – Public
1.30 %
Industrial Development – Utility
0.51 %
Water & Sewer
0.39 %
Senior Living
0.23 %
SUBTOTAL
49.51 %
Tax Supported
Local G.O.
15.68 %
State G.O.
7.40 %
Special Tax
6.80 %
State Lease
0.57 %
Assessment District
0.17 %
SUBTOTAL
30.62 %
Insured/Guaranteed
Guaranteed
13.00 %
SUBTOTAL
13.00 %
Prerefunded/ETM
3.10 %
Commercial Mortgage-Backed Securities
2.15 %
Cash & Cash Equivalents
Funds and Investment Trusts
1.62 %
SUBTOTAL
1.62 %
Total
100.00 %
State Breakdown
Portfolio %
Texas
16.24 %
Illinois
9.82 %
New York
7.43 %
Michigan
5.96 %
Florida
5.47 %
California
5.36 %
Wisconsin
5.21 %
Pennsylvania
4.81 %
New Jersey
4.75 %
Massachusetts
3.65 %
South Carolina
3.00 %
Louisiana
2.84 %
Georgia
2.24 %
New Hampshire
2.01 %
Arizona
1.94 %
Ohio
1.87 %
Washington
1.87 %
Minnesota
1.60 %
Nebraska
1.57 %
Nevada
1.50 %
Oklahoma
1.47 %
Utah
1.19 %
Colorado
1.14 %
Iowa
0.87 %
Virginia
0.86 %
North Carolina
0.75 %
West Virginia
0.66 %
Indiana
0.48 %
North Dakota
0.42 %
Maryland
0.37 %
Arkansas
0.33 %
Oregon
0.21 %
Connecticut
0.19 %
South Dakota
0.13 %
Puerto Rico
0.10 %
Tennessee
0.07 %
Other
1.62 %
Total Investments
100.00 %
Credit Quality Breakdown
Portfolio %
AAA
16.27 %
AA
28.45 %
A
29.01 %
BBB
16.44 %
BB
3.90 %
B
0.13 %
CCC
0.10 %
D
0.22 %
Not Rated
0.76 %
Pre-refunded Bonds
3.10 %
Short Term Investments
1.62 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
4.08 %
1 To 5 Years
2.09 %
5 To 10 Years
6.10 %
10 To 20 Years
21.50 %
20 To 30 Years
55.29 %
More than 30 Years
10.94 %
Other
0.00 %
Total Net Assets
100.00 %
Portfolio Statistics:
AMT Percent:
11.74 %
Average Coupon:
4.55 %
Percentage of Leverage:
Bank Borrowing:
0.00 %
Investment Operations:
2.37 %
Auction Preferred Shares (APS):
0.00 %
Tender Option Bonds:
0.00 %
VMTP Shares:
38.40 %
Total Fund Leverage:
40.77%*
Average Maturity:
10.90 Years
Effective Duration:
7.95 Years
Total Net Assets:
$362.71 Million**
Common Stock Net Asset Value:
$12.62
Total Number of Holdings:
169
Portfolio Turnover:
55.00 %