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

Rhea-AI Summary

AllianceBernstein National Municipal Income Fund, Inc. releases monthly portfolio update

Positive

• Top holdings include City of New Orleans LA Series 2021-A (5.00%, 12/01/46) and City of New York NY Series 2023 (4.125%, 08/01/53)
• Health Care - Not-for-Profit is the largest sector at 17.95%
• Illinois is the largest state holding at 11.58%
• Credit quality breakdown: AA (33.84%) and A (35.32%)
• Total Net Assets: $346.65 Million
• Average Maturity: 12.66 Years

Negative

• None.

NEW YORK, Sept. 26, 2023 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of August 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) City of New York NY Series 2023 4.125%, 08/01/53		1.86 %
3) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53		1.86 %
4) Jefferson County Board of Education/AL Series 2018 5.00%, 02/01/46		1.78 %
5) Wisconsin Public Finance Authority Series 2018 5.00%, 07/01/58		1.77 %
6) Detroit Downtown Development Authority Series 2018-A 5.00%, 07/01/48		1.75 %
7) Detroit City School District Series 2001-A 6.00%, 05/01/29		1.68 %
8) City of El Paso TX Series 2021-C 4.00%, 08/15/47		1.68 %
9) Tobacco Settlement Financing Corp./NJ Series 2018-A 5.25%, 06/01/46		1.62 %
10) Wisconsin Public Finance Authority Series 2022 5.00%, 02/01/62		1.61 %
Sector/Industry Breakdown		Portfolio %
Revenue
Health Care - Not-for-Profit		17.95 %
Airport		9.74 %
Revenue - Miscellaneous		7.83 %
Toll Roads/Transit		6.27 %
Electric Utility		3.22 %
Prepay Energy		2.99 %
Tobacco Securitization		2.94 %
Higher Education - Private		2.77 %
Industrial Development - Industry		2.63 %
Primary/Secondary Ed. - Public		2.33 %
Port		0.89 %
Industrial Development - Utility		0.53 %
Water & Sewer		0.40 %
Senior Living		0.23 %
SUBTOTAL		60.72 %
Tax Supported
Local G.O.		15.24 %
Special Tax		9.77 %
State G.O.		7.36 %
State Lease		0.59 %
SUBTOTAL		32.96 %
Prerefunded/ETM		3.28 %
Commercial Mortgage-Backed Securities		1.60 %
Insured/Guaranteed
Guaranteed		0.48 %
SUBTOTAL		0.48 %
Cash & Cash Equivalents
Funds and Investment Trusts		0.48 %
SUBTOTAL		0.48 %
Asset-Backed
Housing - Multi-Family		0.48 %
SUBTOTAL		0.48 %
Total		100.00 %
State Breakdown		Portfolio %
Illinois		11.58 %
New York		7.60 %
Pennsylvania		7.51 %
Florida		6.95 %
New Jersey		6.47 %
Michigan		6.08 %
Wisconsin		6.03 %
California		5.59 %
Texas		4.26 %
South Carolina		3.13 %
Louisiana		2.92 %
Georgia		2.51 %
North Carolina		2.40 %
Virginia		2.33 %
Ohio		2.24 %
Alabama		1.95 %
Arizona		1.95 %
Massachusetts		1.86 %
Minnesota		1.70 %
Maryland		1.56 %
Oklahoma		1.53 %
New Hampshire		1.46 %
Nevada		1.43 %
Colorado		1.29 %
Utah		1.24 %
Iowa		1.01 %
Nebraska		0.89 %
West Virginia		0.68 %
Connecticut		0.62 %
Indiana		0.46 %
Hawaii		0.44 %
Arkansas		0.35 %
Washington		0.30 %
Oregon		0.21 %
District of Columbia		0.18 %
South Dakota		0.13 %
Puerto Rico		0.10 %
Tennessee		0.07 %
Kentucky		0.03 %
Other		0.96 %
Total Investments		100.00 %
Credit Quality Breakdown		Portfolio %
AAA		3.15 %
AA		33.84 %
A		35.32 %
BBB		19.87 %
BB		2.51 %
B		0.98 %
D		0.23 %
Not Rated		0.34 %
Pre-refunded Bonds		3.28 %
Short Term Investments		0.48 %
Total		100.00 %
Bonds by Maturity		Portfolio %
Less than 1 Year		2.28 %
1 To 5 Years		4.02 %
5 To 10 Years		7.68 %
10 To 20 Years		27.76 %
20 To 30 Years		45.82 %
More than 30 Years		12.44 %
Other		0.00 %
Total Net Assets		100.00 %
Portfolio Statistics:
AMT Percent:		15.60 %
Average Coupon:		4.45 %
Percentage of Leverage:
Bank Borrowing:		0.00 %
Investment Operations:		0.00 %
Auction Preferred Shares (APS):		0.00 %
Tender Option Bonds:		0.00 %
VMTP Shares:		40.45 %
Total Fund Leverage:		40.45%*
Average Maturity:		12.66 Years
Effective Duration:		8.05 Years
Total Net Assets:		$346.65 Million**
Common Stock Net Asset Value:		$12.06
Total Number of Holdings:		181
Portfolio Turnover:		18.00 %

* The total percentage of leverage constitutes 0.00% through the use of tender option bonds, 40.45% 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.