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

NEW YORK, July 25, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB](the "Fund") today released its monthly portfolio update as of June 30, 2023.

AllianceBernstein National Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings		Portfolio %
1) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46		1.79 %
2) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.77 %
3) City of El Paso TX Series 2021-C 4.00%, 08/15/47		1.76 %
4) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.73 %
5) Los Angeles Department of Water & Power Power System Revenue Series 2013-B 5.00%, 07/01/30		1.72 %
6) Detroit City School District Series 2001-A 6.00%, 05/01/29		1.68 %
7) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.68 %
8) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46		1.61 %
9) Virginia Small Business Financing Authority Series 2022 3.00%, 01/01/41		1.59 %
10) Metropolitan Pier & Exposition Authority Series 2020 5.00%, 06/15/50		1.53 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		19.24 %
Airport		9.94 %
Revenue - Miscellaneous		7.87 %
Toll Roads/Transit		6.30 %
Tobacco Securitization		2.97 %
Higher Education - Private		2.97 %
Electric Utility		2.73 %
Industrial Development - Industry		2.72 %
Prepay Energy		2.42 %
Primary/Secondary Ed. - Public		2.33 %
Port		0.87 %
Industrial Development - Utility		0.53 %
Water & Sewer		0.40 %
Senior Living		0.23 %
SUBTOTAL		61.52 %
Tax Supported
Special Tax		9.74 %
Local G.O.		9.68 %
State G.O.		5.37 %
State Lease		1.22 %
SUBTOTAL		26.01 %
Prerefunded/ETM		8.29 %
Cash & Cash Equivalents
Funds and Investment Trusts		2.06 %
SUBTOTAL		2.06 %
Commercial Mortgage-Backed Securities		1.61 %
Insured/Guaranteed
Guaranteed		0.51 %
SUBTOTAL		0.51 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		11.67 %
New Jersey		8.10 %
California		7.85 %
Pennsylvania		7.54 %
Wisconsin		6.14 %
Florida		5.53 %
Michigan		5.15 %
New York		5.11 %
Texas		5.06 %
South Carolina		3.13 %
Connecticut		2.68 %
North Carolina		2.40 %
Virginia		2.35 %
Ohio		2.28 %
Alabama		1.96 %
Arizona		1.96 %
Georgia		1.82 %
Minnesota		1.71 %
Maryland		1.55 %
Oklahoma		1.54 %
New Hampshire		1.48 %
Nevada		1.45 %
Colorado		1.28 %
Utah		1.23 %
Iowa		1.03 %
Nebraska		0.90 %
Kansas		0.87 %
Hawaii		0.81 %
West Virginia		0.67 %
Washington		0.52 %
Louisiana		0.49 %
Indiana		0.48 %
Arkansas		0.35 %
Oregon		0.21 %
District of Columbia		0.18 %
Massachusetts		0.13 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Kentucky		0.03 %
Other		2.06 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		2.91 %
AA		28.27 %
A		34.03 %
BBB		19.57 %
BB		2.28 %
B		1.00 %
D		0.22 %
Not Rated		0.33 %
Pre-refunded Bonds		8.29 %
Short Term Investments		3.10 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		9.41 %
1 To 5 Years		5.24 %
5 To 10 Years		8.23 %
10 To 20 Years		23.77 %
20 To 30 Years		40.64 %
More than 30 Years		12.71 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		15.92 %
Average Coupon:		4.38 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		39.93 %
Total Fund Leverage:		39.93%*
Average Maturity:		9.23 Years
Effective Duration:		6.56 Years
Total Net Assets:		$355.84 Million**
Common Stock Net Asset Value:		$12.38
Total Number of Holdings:		187
Portfolio Turnover:		18.00 %
* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 39.93%
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.

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