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
2.68 %
2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46
2.66 %
3) Prosper Independent School District Series 2024 4.00%, 02/15/54
2.42 %
4) Greenwood Independent School District Series 2024 4.00%, 02/15/54
2.30 %
5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53
2.14 %
6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54
1.95 %
7) City of New York NY Series 2023 4.125%, 08/01/53
1.87 %
8) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38
1.86 %
9) Denton Independent School District Series 2024-2 5.00%, 08/15/48
1.81 %
10) Commonwealth of Massachusetts Series 2024-2 5.00%, 05/01/53
1.80 %
Sector/Industry Breakdown
Portfolio %
Revenue
Health Care – Not-for-Profit
10.95 %
Prepay Energy
7.30 %
Revenue – Miscellaneous
7.20 %
Airport
6.20 %
Toll Roads/Transit
3.26 %
Electric Utility
2.45 %
Industrial Development – Industry
2.44 %
Higher Education – Private
2.29 %
Port
1.86 %
Tobacco Securitization
1.85 %
Water & Sewer
1.81 %
Primary/Secondary Ed. – Public
1.79 %
Industrial Development – Airline
1.74 %
Senior Living
0.96 %
Industrial Development – Utility
0.51 %
SUBTOTAL
52.61 %
Tax Supported
Local G.O.
16.75 %
State G.O.
6.09 %
Special Tax
5.62 %
Assessment District
0.18 %
State Lease
0.13 %
SUBTOTAL
28.77 %
Guaranteed
15.43 %
Prerefunded/ETM
2.07 %
Asset-Backed
Housing – Multi-Family
0.76 %
SUBTOTAL
0.76 %
Cash & Cash Equivalents
Funds and Investment Trusts
0.36 %
SUBTOTAL
0.36 %
Total
100.00 %
State Breakdown
Portfolio %
Texas
19.31 %
Illinois
8.77 %
Florida
7.01 %
New York
6.56 %
California
5.52 %
Wisconsin
4.80 %
Michigan
4.50 %
South Carolina
3.87 %
Massachusetts
3.84 %
Pennsylvania
3.58 %
New Jersey
2.83 %
Louisiana
2.81 %
Georgia
2.44 %
Colorado
2.43 %
Nevada
2.00 %
Arizona
1.98 %
Washington
1.89 %
Ohio
1.88 %
Alabama
1.79 %
Nebraska
1.60 %
Oklahoma
1.19 %
Minnesota
1.12 %
Iowa
0.97 %
Virginia
0.88 %
Indiana
0.85 %
New Hampshire
0.81 %
Utah
0.77 %
North Carolina
0.76 %
Tennessee
0.60 %
North Dakota
0.43 %
Puerto Rico
0.42 %
Maryland
0.37 %
Arkansas
0.33 %
Oregon
0.22 %
Connecticut
0.19 %
Alaska
0.18 %
South Dakota
0.14 %
Other
0.36 %
Total Investments
100.00 %
Credit Quality Breakdown
Portfolio %
AAA
18.69 %
AA
29.45 %
A
26.06 %
BBB
17.39 %
BB
3.97 %
B
0.14 %
Not Rated
1.87 %
Pre-refunded Bonds
2.07 %
Short Term Investments
0.36 %
Total
100.00 %
Bonds by Maturity
Portfolio %
Less than 1 Year
1.62 %
1 To 5 Years
3.11 %
5 To 10 Years
4.74 %
10 To 20 Years
19.61 %
20 To 30 Years
56.06 %
More than 30 Years
14.86 %
Other
0.00 %
Total Net Assets
100.00 %
Portfolio Statistics:
AMT Percent:
14.17 %
Average Coupon:
4.57 %
Percentage of Leverage:
Bank Borrowing:
0.00 %
Investment Operations:
1.06 %
Auction Preferred Shares (APS):
0.00 %
Tender Option Bonds:
7.27 %
VMTP Shares:
14.61 %
VRDP Shares:
16.55 %
Total Fund Leverage:
39.49%*
Average Maturity:
10.09 Years
Effective Duration:
8.05 Years
Total Net Assets:
$371.52 Million**
Common Stock Net Asset Value:
$12.92
Total Number of Holdings:
171
Portfolio Turnover:
55.00 %