AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53
2.71 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46
2.68 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54
2.40 %
4) Greenwood Independent School District Series 2024 4.00%, 02/15/54
2.29 %
5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53
2.15 %
6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54
1.94 %
7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38
1.87 %
8) City of New York NY Series 2023 4.125%, 08/01/53
1.87 %
9) Denton Independent School District Series 2024-2 5.00%, 08/15/48
1.83 %
10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53
1.82 %
Sector/Industry Breakdown
Portfolio %
Revenue
Health Care – Not-for-Profit
11.47 %
Prepay Energy
7.34 %
Revenue – Miscellaneous
7.08 %
Airport
5.17 %
Toll Roads/Transit
3.28 %
Electric Utility
2.46 %
Higher Education – Private
2.31 %
Industrial Development – Industry
2.11 %
Tobacco Securitization
1.87 %
Water & Sewer
1.82 %
Primary/Secondary Ed. – Public
1.80 %
Industrial Development – Airline
1.76 %
Port
1.75 %
Senior Living
0.61 %
Industrial Development – Utility
0.52 %
SUBTOTAL
51.35 %
Tax Supported
Local G.O.
17.56 %
State G.O.
7.21 %
Special Tax
5.67 %
State Lease
0.57 %
Assessment District
0.18 %
SUBTOTAL
31.19 %
Guaranteed
15.43 %
Prerefunded/ETM
0.99 %
Asset-Backed
Housing – Multi-Family
0.77 %
SUBTOTAL
0.77 %
Cash & Cash Equivalents
Funds and Investment Trusts
0.27 %
SUBTOTAL
0.27 %
Total
100.00 %
State Breakdown
Portfolio %
Texas
20.17 %
Illinois
9.38 %
New York
6.61 %
Florida
5.98 %
California
5.54 %
Wisconsin
4.83 %
Michigan
4.54 %
Massachusetts
3.88 %
South Carolina
3.88 %
Pennsylvania
3.52 %
New Jersey
3.30 %
Louisiana
2.84 %
Georgia
2.44 %
Colorado
2.33 %
Arizona
1.99 %
Ohio
1.90 %
Washington
1.90 %
Nevada
1.65 %
Nebraska
1.61 %
Alabama
1.46 %
Oklahoma
1.20 %
Minnesota
1.13 %
Iowa
0.97 %
Virginia
0.88 %
Indiana
0.85 %
Utah
0.77 %
North Carolina
0.76 %
New Hampshire
0.63 %
Tennessee
0.60 %
North Dakota
0.43 %
Maryland
0.37 %
Arkansas
0.34 %
Puerto Rico
0.32 %
Oregon
0.22 %
Connecticut
0.19 %
Alaska
0.18 %
South Dakota
0.14 %
Other
0.27 %
Total Investments
100.00 %
Credit Quality Breakdown
Portfolio %
AAA
18.72 %
AA
29.69 %
A
27.43 %
BBB
17.27 %
BB
3.97 %
B
0.14 %
CCC
0.12 %
D
0.18 %
Not Rated
1.22 %
Pre-refunded Bonds
0.99 %
Short Term Investments
0.27 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
0.45 %
1 To 5 Years
2.43 %
5 To 10 Years
6.16 %
10 To 20 Years
21.24 %
20 To 30 Years
55.34 %
More than 30 Years
14.38 %
Other
0.00 %
Total Net Assets
100.00 %
Portfolio Statistics:
AMT Percent:
13.08 %
Average Coupon:
4.59 %
Percentage of Leverage:
Bank Borrowing:
0.00 %
Investment Operations:
0.36 %
Auction Preferred Shares (APS):
0.00 %
Tender Option Bonds:
7.37 %
VMTP Shares:
14.81 %
VRDP Shares:
16.78 %
Total Fund Leverage:
39.32%*
Average Maturity:
10.66 Years
Effective Duration:
11.09 Years
Total Net Assets:
$365.87 Million**
Common Stock Net Asset Value:
$12.73
Total Number of Holdings:
165
Portfolio Turnover:
55.00 %