# EDGAR Filing Document

**Accession Number:** 0001162027
**File Stem:** 0001410368-26-032456
**Filing Date:** 2026-3
**Character Count:** 123849
**Document Hash:** 391dc397460b6c9d45cc9f176f24503e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-032456.hdr.sgml**: 20260326

**ACCESSION NUMBER**: 0001410368-26-032456

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260326

**DATE AS OF CHANGE**: 20260326

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND
- **CENTRAL INDEX KEY:** 0001162027

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10573
- **FILM NUMBER:** 26798434

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129692124

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANCE NATIONAL MUNICIPAL INCOME FUND
- **DATE OF NAME CHANGE:** 20011108

## Nport-Ex

**AllianceBernstein National Municipal Income Fund, Inc.** 

**Portfolio of Investments** 

**January 31, 2026 (unaudited)** 

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 167.6%** |  |  |  |  |
|  **Long-Term Municipal Bonds – 167.6%** |  |  |  |  |
|  **Alabama – 1.6%** |  |  |  |  |
|  County of Jefferson AL Sewer Revenue<br> (County of Jefferson AL Sewer Revenue)<br>Series 2024<br>5.25%, 10/01/2049 | $| 2000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2077822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 10/01/2053 |  | 2410 |  | 2527704 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mobile County Industrial Development Authority<br> (ArcelorMittal SA)<br> Series 2024<br>4.75%, 12/01/2054 |  | 1030 |  | 954653 |
|  |  |  |  | 5560179 |
|  **Alaska – 0.8%** | **Alaska – 0.8%** | **Alaska – 0.8%** | **Alaska – 0.8%** | **Alaska – 0.8%** |
|  Municipality of Anchorage AK<br> (Municipality of Anchorage AK)<br>Series 2024-A<br>4.50%, 02/01/2060 |  | 3000 |  | 2742575 |
|  **Arizona – 3.4%** | **Arizona – 3.4%** | **Arizona – 3.4%** | **Arizona – 3.4%** | **Arizona – 3.4%** |
|  Maricopa County Industrial Development Authority<br> (Legacy Traditional School Obligated Group)<br>Series 2025<br>5.50%, 07/01/2060 |  | 1000 |  | 992404 |
|  Salt Verde Financial Corp.<br> (Citigroup, Inc.)<br>Series 2007<br>5.00%, 12/01/2032 |  | 1200 |  | 1318095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2037 |  | 8700 |  | 9545591 |
|  |  |  |  | 11856090 |
|  **Arkansas – 0.6%** | **Arkansas – 0.6%** | **Arkansas – 0.6%** | **Arkansas – 0.6%** | **Arkansas – 0.6%** |
|  Pulaski County Public Facilities Board<br> (Baptist Health Obligated Group)<br>Series 2014<br>5.00%, 12/01/2042 |  | 2000 |  | 2001355 |
|  **California – 20.5%** | **California – 20.5%** | **California – 20.5%** | **California – 20.5%** | **California – 20.5%** |
|  Alameda Corridor Transportation Authority<br> (Alameda Corridor Transportation Authority)<br>Series 2022-A<br>0.00%, 10/01/2050<sup>(a)</sup> |  | 10000 |  | 5762480 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2024-A<br>Zero Coupon, 10/01/2052 |  | 6500 |  | 1830098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 10/01/2053 |  | 6000 |  | 1603844 |
|  California Enterprise Development Authority<br> (Real Journey Academies Obligated Group)<br>Series 2024-A<br>5.00%, 06/01/2064<sup>(b)</sup> |  | 2000 |  | 1887091 |
|  California Infrastructure & Economic Development Bank<br> (Desertxpress Enterprises)<br>Series 2025<br>12.00%, 01/01/2065<sup>(b)</sup> |  | 1445 |  | 1083750 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  California State University<br> (California State University)<br>Series 2025-2<br>4.63%, 11/01/2056<sup>(b) (c)</sup> | $| 10000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10167981 |
|  California Statewide Communities Development Authority<br> (Enloe Medical Center Obligated Group)<br>AG Series 2022-A<br>5.375%, 08/15/2057 |  | 2000 |  | 2047250 |
|  California Statewide Communities Development Authority<br> (Loma Linda University Medical Center)<br>Series 2016-A<br>5.00%, 12/01/2036<sup>(b)</sup> |  | 800 |  | 803494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/01/2056<sup>(b)</sup> |  | 1000 |  | 1000415 |
|  Golden State Connect Authority<br> (Golden State Connect Authority)<br>Series 2025<br>6.50%, 12/01/2060<sup>(b)</sup> |  | 1000 |  | 967165 |
|  Long Beach Bond Finance Authority<br> (Bank of America Corp.)<br>Series 2007-A<br>5.50%, 11/15/2037 |  | 2000 |  | 2403271 |
|  M-S-R Energy Authority<br> (Citigroup, Inc.)<br>Series 2009-A<br>6.50%, 11/01/2039 |  | 2000 |  | 2482673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2009-C<br>6.50%, 11/01/2039 |  | 2000 |  | 2482673 |
|  San Francisco Intl Airport<br> (San Francisco Intl Airport)<br>Series 2025-2<br>5.00%, 05/01/2044<sup>(b) (c)</sup> |  | 10000 |  | 10239495 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2026-2<br>5.50%, 05/01/2055<sup>(b) (c)</sup> |  | 20000 |  | 21194734 |
|  Southern California Public Power Authority<br> (Goldman Sachs Group)<br>Series 2007-A<br>5.00%, 11/01/2033 |  | 3335 |  | 3743188 |
|  Washington Township Health Care District<br> (Washington Township Health Care District)<br>AG Series 2023-B<br>4.50%, 08/01/2053 |  | 1625 |  | 1616660 |
|  |  |  |  | 71316262 |
|  **Colorado – 3.2%** | **Colorado – 3.2%** | **Colorado – 3.2%** | **Colorado – 3.2%** | **Colorado – 3.2%** |
|  Colorado State University Research Foundation<br> (Colorado State University System)<br>Series 2025-A<br>5.50%, 03/01/2065<sup>(b)</sup> |  | 2000 |  | 1966203 |
|  Denver Health & Hospital Authority<br> (Denver Health & Hospital Authority)<br>Series 2025-A<br>6.00%, 12/01/2055 |  | 1000 |  | 1070110 |
|  St. Vrain Lakes Metropolitan District No. 4<br> (St. Vrain Lakes Metropolitan District No. 4)<br>Series 2024-A<br>0.00%, 09/20/2054<sup>(a) (b)</sup> |  | 1000 |  | 728541 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Town of Vail CO<br> (Town of Vail CO COP)<br>Series 2025<br>5.50%, 12/01/2064 | $| 6000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6401576 |
|  Vail Home Partners Corp.<br> (Vail Home Partners Corp.)<br>Series 2025<br>6.00%, 10/01/2064<sup>(b)</sup> |  | 1000 |  | 1019958 |
|  |  |  |  | 11186388 |
|  **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** | **Connecticut – 0.3%** |
|  Connecticut State Health & Educational Facilities Authority<br> (University of Hartford/The)<br>Series 2019<br>4.00%, 07/01/2049 |  | 1500 |  | 1127392 |
|  **District of Columbia – 4.3%** | **District of Columbia – 4.3%** | **District of Columbia – 4.3%** | **District of Columbia – 4.3%** | **District of Columbia – 4.3%** |
|  District of Columbia<br> (Catholic University of America)<br>Series 2025<br>5.75%, 10/01/2055 |  | 2000 |  | 2106501 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br> (Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2025-2<br>5.50%, 10/01/2055<sup>(b) (c)</sup> |  | 10000 |  | 10658850 |
|  Washington Metropolitan Area Transit Authority Dedicated Revenue<br> (Washington Metropolitan Area Transit Authority Dedicated Revenue Lease)<br>Series 2025-A<br>5.25%, 07/15/2055 |  | 2000 |  | 2095592 |
|  |  |  |  | 14860943 |
|  **Florida – 13.0%** | **Florida – 13.0%** | **Florida – 13.0%** | **Florida – 13.0%** | **Florida – 13.0%** |
|  Capital Trust Authority<br> (Mason Classical Academy)<br>Series 2024<br>5.00%, 06/01/2054<sup>(b)</sup> |  | 2750 |  | 2553419 |
|  County of Miami-Dade FL<br> (County of Miami-Dade FL)<br>Series 2021<br>4.00%, 07/01/2050 |  | 2355 |  | 2144172 |
|  County of Miami-Dade FL Aviation Revenue<br> (County of Miami-Dade FL Aviation Revenue)<br>Series 2025-2<br>5.50%, 10/01/2055<sup>(b) (c)</sup> |  | 10000 |  | 10458148 |
|  Florida Development Finance Corp.<br> (Brightline Trains Florida)<br>AG Series 2024<br>5.25%, 07/01/2053 |  | 10000 |  | 9836883 |
|  Florida Development Finance Corp.<br> (Cornerstone Charter Academy Obligated Group)<br>Series 2022<br>5.125%, 10/01/2052<sup>(b)</sup> |  | 1000 |  | 923713 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Florida Development Finance Corp.<br> (Mater Academy, Inc.)<br>Series 2022-A<br>4.00%, 06/15/2052 | $| 3250 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2645961 |
|  Florida Local Government Finance Commission<br> (Ponte Vedra Pine Obligated Group)<br>Series 2025<br>6.875%, 11/15/2064<sup>(b)</sup> |  | 1000 |  | 1046168 |
|  Halifax Hospital Medical Center<br> (Halifax Hospital Medical Center Obligated Group)<br>Series 2024<br>4.25%, 06/01/2054 |  | 3000 |  | 2698066 |
|  Lakewood Ranch Stewardship District<br> (Lakewood Ranch Stewardship District Series 2023 Assessment)<br>Series 2023<br>6.30%, 05/01/2054 |  | 990 |  | 1037718 |
|  Lee County Industrial Development Authority/FL<br> (Shell Point Obligated Group)<br>Series 2024<br>5.25%, 11/15/2054 |  | 2000 |  | 2019455 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 11/15/2054 |  | 2000 |  | 1954083 |
|  Miami-Dade County Expressway Authority<br> (Miami-Dade County Expressway Authority)<br>Series 2014-A<br>5.00%, 07/01/2044 |  | 5000 |  | 5000218 |
|  Palm Beach County Health Facilities Authority<br> (Jupiter Medical Center Obligated Group)<br>Series 2025<br>5.25%, 11/01/2055 |  | 3000 |  | 3030135 |
|  |  |  |  | 45348139 |
|  **Georgia – 7.5%** | **Georgia – 7.5%** | **Georgia – 7.5%** | **Georgia – 7.5%** | **Georgia – 7.5%** |
|  Atlanta Development Authority (The)<br> (City of Atlanta GA Westside Tax Allocation District Gulch Area)<br>Series 2024<br>0.00%, 12/15/2048<sup>(a) (b)</sup> |  | 2000 |  | 1800692 |
|  City of Atlanta GA Department of Aviation<br> (City of Atlanta GA Dept. of Aviation)<br>Series 2025-2<br>5.50%, 07/01/2055<sup>(b) (c)</sup> |  | 10000 |  | 10525297 |
|  Municipal Electric Authority of Georgia<br> (JEA Electric System Revenue)<br>Series 2019<br>5.00%, 01/01/2049 |  | 2000 |  | 1982214 |
|  Municipal Electric Authority of Georgia<br> (Municipal Electric Authority of Georgia)<br>Series 2019<br>5.00%, 01/01/2063 |  | 3165 |  | 3118967 |
|  Municipal Electric Authority of Georgia<br> (PowerSouth Energy Cooperative)<br>Series 2023<br>5.50%, 07/01/2064 |  | 1340 |  | 1381265 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Savannah Georgia Convention Center Authority<br> (Savannah Georgia Convention Center Authority)<br>Series 2025<br>5.25%, 06/01/2061<br>| $| 2000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1972108 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2025<br>5.00%, 06/01/2058 |  | 4000 |  | 4090257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 06/01/2050 |  | 1230 |  | 1311160 |
|  |  |  |  | 26181960 |
|  **Hawaii – 3.1%** | **Hawaii – 3.1%** | **Hawaii – 3.1%** | **Hawaii – 3.1%** | **Hawaii – 3.1%** |
|  State of Hawaii Airports System Revenue<br> (State of Hawaii Airports System Revenue)<br>Series 2025-2<br>5.50%, 07/01/2054<sup>(b) (c)</sup> |  | 10000 |  | 10629871 |
|  **Illinois – 13.0%** | **Illinois – 13.0%** | **Illinois – 13.0%** | **Illinois – 13.0%** | **Illinois – 13.0%** |
|  Chicago Board of Education<br> (Chicago Board of Education)<br>Series 2018-D<br>5.00%, 12/01/2046 |  | 5005 |  | 4771943 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C<br>5.50%, 12/01/2045 |  | 5000 |  | 5023032 |
|  Chicago O'Hare International Airport<br> (Chicago O'Hare Intl Airport)<br>Series 2024-A<br>5.50%, 01/01/2053 |  | 2160 |  | 2249124 |
|  City of Chicago IL<br> (City of Chicago IL)<br>Series 2025-A<br>6.00%, 01/01/2050 |  | 2000 |  | 2092691 |
|  Eastern Illinois Economic Development Authority<br> (City of Mattoon IL)<br>Series 2025<br>7.00%, 02/15/2056 |  | 1000 |  | 964884 |
|  Illinois Finance Authority<br> (Centerpoint Joliet Terminal Railroad)<br>Series 2025<br>4.80%, 12/01/2043<sup>(b)</sup> |  | 2000 |  | 2080741 |
|  Illinois Finance Authority<br> (OSF Healthcare System Obligated Group)<br>Series 2015-A<br>5.00%, 11/15/2045 |  | 4500 |  | 4499776 |
|  Metropolitan Pier & Exposition Authority<br> (Metropolitan Pier & Exposition Authority)<br>Series 2017-A<br>5.00%, 06/15/2057 |  | 8755 |  | 8540018 |
|  State of Illinois<br> (State of Illinois)<br>Series 2024-B<br>4.25%, 05/01/2046 |  | 4900 |  | 4588582 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2<br>5.25%, 09/01/2049<sup>(b) (c)</sup> |  | 10000 |  | 10355624 |
|  |  |  |  | 45166415 |
|  **Indiana – 1.4%** | **Indiana – 1.4%** | **Indiana – 1.4%** | **Indiana – 1.4%** | **Indiana – 1.4%** |
|  Indiana Finance Authority<br> (SFP-PUFW I LLC)<br>Series 2024<br>5.25%, 07/01/2064 |  | 2000 |  | 2006865 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Indiana Finance Authority<br> (University of Evansville)<br>Series 2022<br>5.25%, 09/01/2057 | $| 3000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2836925 |
|  |  |  |  | 4843790 |
|  **Louisiana – 6.7%** | **Louisiana – 6.7%** | **Louisiana – 6.7%** | **Louisiana – 6.7%** | **Louisiana – 6.7%** |
|  City of New Orleans LA<br> (City of New Orleans LA)<br>Series 2021-A<br>5.00%, 12/01/2046 |  | 8000 |  | 8171349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2050 |  | 12000 |  | 12193349 |
|  Louisiana Public Facilities Authority<br> (Acadiana Renaissance Charter Academy)<br>Series 2025<br>6.00%, 06/15/2059<sup>(b)</sup> |  | 1000 |  | 1002687 |
|  Louisiana Public Facilities Authority<br> (Loyola University New Orleans)<br>Series 2023<br>5.25%, 10/01/2053 |  | 2000 |  | 1985800 |
|  |  |  |  | 23353185 |
|  **Maryland – 0.6%** | **Maryland – 0.6%** | **Maryland – 0.6%** | **Maryland – 0.6%** | **Maryland – 0.6%** |
|  Maryland Economic Development Corp.<br> (Maryland Econ Dev Corp-Morgan View & Thurgood Marshall Student Hsg)<br>Series 2022<br>6.00%, 07/01/2058 |  | 2000 |  | 2109790 |
|  **Massachusetts – 9.6%** | **Massachusetts – 9.6%** | **Massachusetts – 9.6%** | **Massachusetts – 9.6%** | **Massachusetts – 9.6%** |
|  Commonwealth of Massachusetts<br> (Commonwealth of Massachusetts)<br>Series 2025-2<br>5.00%, 05/01/2053<sup>(b) (c)</sup> |  | 10000 |  | 10296925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2054<sup>(b) (c)</sup> |  | 11060 |  | 11406459 |
|  Massachusetts Development Finance Agency<br> (Care Communities Obligated Group)<br>Series 2025<br>6.375%, 07/15/2045<sup>(b)</sup> |  | 1000 |  | 1017265 |
|  Massachusetts Development Finance Agency<br> (CHF Merrimack, Inc.)<br>Series 2024<br>5.00%, 07/01/2060<sup>(b)</sup> |  |  |  |  |
|  Massachusetts Development Finance Agency<br> (Emerson College)<br>Series 2016-A<br>5.00%, 01/01/2047 |  |  |  |  |
|  Massachusetts Development Finance Agency <br>(Lifespan Obligated Group)<br>Series 2025<br>5.50%, 08/15/2050 |  | 2000 |  | 2089059 |
|  Massachusetts Development Finance Agency<br> (PRG Medford Properties)<br>Series 2025<br>5.25%, 06/01/2065 |  | 2000 |  | 2050655 |
|  |  |  |  | 33355243 |

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| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  **Michigan – 3.1%** | **Michigan – 3.1%** | **Michigan – 3.1%** |
|  City of Detroit MI<br> (City of Detroit MI)<br>Series 2020<br>5.50%, 04/01/2050 | $1970 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2020891 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-C<br>6.00%, 05/01/2043 | 2300 | 2561294 |
|  Detroit Downtown Development Authority<br> (Detroit Downtown Development Authority Catalyst Development Area)<br>Series 2024<br>5.00%, 07/01/2048 | 5335 | 5508084 |
|  Plymouth Educational Center Charter School <br>(Plymouth Educational Center Charter School)<br>Series 2005<br>5.125%, 11/01/2023<sup>(d) (e)</sup> | 2140 | 856000 |
|  |  | 10946269 |
|  **Minnesota – 2.1%** | **Minnesota – 2.1%** | **Minnesota – 2.1%** |
|  City of Woodbury MN<br> (Math & Science Academy/MN)<br>Series 2025<br>5.50%, 06/01/2063<sup>(b)</sup> | 2000 | 1846638 |
|  Duluth Economic Development Authority<br> (Essentia Health Obligated Group)<br>Series 2018<br>5.00%, 02/15/2053 | 5625 | 5593337 |
|  |  | 7439975 |
|  **Nebraska – 1.6%** | **Nebraska – 1.6%** | **Nebraska – 1.6%** |
|  Central Plains Energy Project<br> (Goldman Sachs Group)<br>Series 2017-A<br>5.00%, 09/01/2031 | 5000 | 5477936 |
|  **New Hampshire – 4.1%** | **New Hampshire – 4.1%** | **New Hampshire – 4.1%** |
|  National Finance Authority Affordable Housing Certificates Series 2024-1<br> (NFAAH 2024-1)<br>Series 2024-1, Class A<br>4.15%, 10/20/2040 | 1993 | 1999597 |
|  New Hampshire Business Finance Authority<br> (ARC70 2025-1)<br>Series 2025-1,<br>Class A2<br>5.15%, 06/20/2041 | 1996 | 2101520 |
|  New Hampshire Business Finance Authority<br> (Bridgeland Water & Utility Districts 490, 491 & 158)<br>Series 2024<br>5.375%, 12/15/2035<sup>(b)</sup> | 741 | 740739 |
|  New Hampshire Business Finance Authority<br> (Greater Raleigh Area Christian Education)<br>Series 2025<br>6.00%, 08/01/2065 | 1000 | 994102 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  New Hampshire Business Finance Authority<br> (Lakes Fresh Water Supply District of Denton County)<br>Series 2024<br>5.00%, 12/01/2028<sup>(b)</sup> | $| 747 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;747089 |
|  New Hampshire Business Finance Authority<br> (NFA 2025-1)<br>Series 2025<br>5.75%, 04/28/2042 |  | 2000 |  | 2106484 |
|  New Hampshire Business Finance Authority<br> (Novant Health Obligated Group)<br>Series 2025<br>5.00%, 06/01/2055 |  | 2000 |  | 1951879 |
|  New Hampshire Business Finance Authority<br> (Reworld Holding Corp.)<br>Series 2020-A<br>3.625%, 07/01/2043<sup>(b)</sup> |  | 1000 |  | 829881 |
|  New Hampshire Business Finance Authority<br> (Valencia Project)<br>Series 2024<br>5.30%, 12/01/2032<sup>(b)</sup> |  | 736 |  | 737033 |
|  New Hampshire Health & Education Facilities Authority Act<br> (Dartmouth Health Obligated Group)<br>Series 2020-A<br>5.00%, 08/01/2059 |  | 2000 |  | 2026659 |
|  |  |  |  | 14234983 |
|  **New Jersey – 0.6%** | **New Jersey – 0.6%** | **New Jersey – 0.6%** | **New Jersey – 0.6%** | **New Jersey – 0.6%** |
|  New Jersey Economic Development Authority<br> (DRP Urban Renewal 4 LLC)<br>Series 2025<br>6.625%, 01/01/2045<sup>(b)</sup> |  | 1000 |  | 1037821 |
|  New Jersey Economic Development Authority<br> (NYNJ Link Borrower LLC)<br>Series 2013<br>5.125%, 01/01/2034 |  | 1000 |  | 1002024 |
|  |  |  |  | 2039845 |
|  **New York – 13.1%** | **New York – 13.1%** | **New York – 13.1%** | **New York – 13.1%** | **New York – 13.1%** |
|  Build NYC Resource Corp.<br> (Zeta Charter Schools Obligated Group)<br>Series 2025<br>5.375%, 10/15/2061<sup>(b)</sup> |  | 2000 |  | 1937408 |
|  City of New York NY<br> (City of New York NY)<br>Series 2023<br>4.125%, 08/01/2053 |  | 11300 |  | 10280306 |
|  New York State Thruway Authority<br> (State of New York Pers Income Tax)<br>Series 2025<br>5.00%, 03/15/2055 |  | 1000 |  | 1031216 |
|  New York Transportation Development Corp.<br> (JFK Millennium Partners)<br>Series 2024<br>5.50%, 12/31/2060 |  | 2000 |  | 2020155 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2024<br>0.00%, 12/31/2054<sup>(a)</sup> |  | 17000 |  | 11287143 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  New York Transportation Development Corp.<br> (JFK NTO LLC)<br>Series 2024<br>5.50%, 06/30/2054 | $| 3745 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800524 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2025<br>5.50%, 06/30/2059 |  | 10000 |  | 10377271 |
|  Triborough Bridge & Tunnel Authority Sales Tax Revenue<br> (Triborough Bridge & Tunnel Authority Sales Tax Revenue)<br>Series 2023-A<br>4.125%, 05/15/2053 |  | 3500 |  | 3229117 |
|  Ulster County Capital Resource Corp. <br>(Woodland Pond at New Paltz)<br>Series 2017<br>5.00%, 09/15/2037 |  | 490 |  | 492637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2042 |  | 205 |  | 205063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2047 |  | 355 |  | 332817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2053 |  | 760 |  | 694800 |
|  |  |  |  | 45688457 |
|  **North Carolina – 1.3%** | **North Carolina – 1.3%** | **North Carolina – 1.3%** | **North Carolina – 1.3%** | **North Carolina – 1.3%** |
|  Greater Asheville Regional Airport Authority<br> (Greater Asheville Regional Airport Authority)<br>AG Series 2023<br>5.25%, 07/01/2053 |  | 4000 |  | 4089752 |
|  North Carolina Turnpike Authority<br> (North Carolina Turnpike Authority)<br>AG Series 2024<br>Zero Coupon, 01/01/2053 |  | 1000 |  | 268668 |
|  |  |  |  | 4358420 |
|  **North Dakota – 0.6%** | **North Dakota – 0.6%** | **North Dakota – 0.6%** | **North Dakota – 0.6%** | **North Dakota – 0.6%** |
|  City of Grand Forks ND<br> (Altru Health System Obligated Group)<br>AG Series 2023-A<br>5.00%, 12/01/2053 |  | 2000 |  | 2017083 |
|  **Ohio – 6.9%** | **Ohio – 6.9%** | **Ohio – 6.9%** | **Ohio – 6.9%** | **Ohio – 6.9%** |
|  Buckeye Tobacco Settlement Financing Authority<br> (Buckeye Tobacco Settlement Financing Authority)<br>Series 2020-A<br>4.00%, 06/01/2048 |  | 2000 |  | 1722184 |
|  County of Cuyahoga OH<br> (MetroHealth System/The)<br>Series 2017<br>5.50%, 02/15/2052 |  | 4585 |  | 4469899 |
|  County of Hamilton OH<br> (UC Health Obligated Group)<br>Series 2025-A<br>5.50%, 08/01/2051 |  | 5000 |  | 5107127 |
|  Ohio Higher Educational Facility Commission<br> (John Carroll University)<br>Series 2025<br>5.50%, 10/01/2057 |  | 2000 |  | 1956016 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Worthington City School District<br> (Worthington City School District)<br>Series 2025-2<br>5.50%, 12/01/2054<sup>(b) (c)</sup> | $| 10000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10600381 |
|  |  |  |  | 23855607 |
|  **Oklahoma – 3.9%** | **Oklahoma – 3.9%** | **Oklahoma – 3.9%** | **Oklahoma – 3.9%** | **Oklahoma – 3.9%** |
|  Oklahoma Turnpike Authority<br> (Oklahoma Turnpike Authority)<br>Series 2023<br>4.50%, 01/01/2053 |  | 11235 |  | 11351082 |
|  Tulsa Municipal Airport Trust Trustees/OK<br> (American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2040 |  | 2000 |  | 2247343 |
|  |  |  |  | 13598425 |
|  **Oregon – 0.4%** | **Oregon – 0.4%** | **Oregon – 0.4%** | **Oregon – 0.4%** | **Oregon – 0.4%** |
|  Multnomah County School District No. 40<br> (Multnomah County School District No. 40)<br>Series 2023-A<br>Zero Coupon, 06/15/2051 |  | 5000 |  | 1373005 |
|  **Pennsylvania – 5.0%** | **Pennsylvania – 5.0%** | **Pennsylvania – 5.0%** | **Pennsylvania – 5.0%** | **Pennsylvania – 5.0%** |
|  Berks County Municipal Authority (The)<br> (Tower Health Obligated Group)<br>Series 2024<br>5.00%, 06/30/2039 |  | 1000 |  | 921440 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>6.00%, 06/30/2034 |  | 155 |  | 166901 |
|  Pennsylvania Economic Development Financing Authority<br> (Commonwealth of Pennsylvania Dept. of Transportation)<br>AG Series 2022<br>5.75%, 12/31/2062 |  | 7500 |  | 7845145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing Authority<br> (PA Bridges Finco LP)<br>Series 2015<br>5.00%, 06/30/2042 |  | 4060 |  | 4064251 |
|  Pennsylvania Higher Educational Facilities Authority<br> (University of Pennsylvania Health System Obligated Group)<br>Series 2025<br>5.00%, 08/15/2055 |  | 2000 |  | 2047505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/15/2055 |  | 2000 |  | 2160421 |
|  |  |  |  | 17205663 |
|  **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** |
|  South Carolina Jobs-Economic Development Authority<br> (Beaufort Memorial Hospital Obligated Group)<br>Series 2024<br>5.75%, 11/15/2054 |  | 2000 |  | 2033357 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  South Carolina Public Service Authority<br> (South Carolina Public Service Authority)<br>Series 2022<br>3.00%, 12/01/2046 | $| 1132 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;821642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/01/2049 |  | 1566 |  | 1077911 |
|  |  |  |  | 3932910 |
|  **South Dakota – 0.2%** | **South Dakota – 0.2%** | **South Dakota – 0.2%** | **South Dakota – 0.2%** | **South Dakota – 0.2%** |
|  County of Lincoln SD<br> (Augustana College Association/SD)<br>Series 2021<br>4.00%, 08/01/2061 |  | 1000 |  | 765832 |
|  **Tennessee – 0.9%** | **Tennessee – 0.9%** | **Tennessee – 0.9%** | **Tennessee – 0.9%** | **Tennessee – 0.9%** |
|  Shelby County Health & Educational Facilities Board<br> (Madrone Memphis Student Housing I) Series 2024<br>5.00%, 06/01/2044<sup>(b)</sup> |  | 1000 |  | 996816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/01/2056<sup>(b)</sup> |  | 2050 |  | 1972654 |
|  |  |  |  | 2969470 |
|  **Texas – 20.8%** | **Texas – 20.8%** | **Texas – 20.8%** | **Texas – 20.8%** | **Texas – 20.8%** |
|  Arlington Higher Education Finance Corp.<br> (Uplift Education)<br>Series 2023-A<br>4.375%, 12/01/2058 |  | 3000 |  | 2852725 |
|  Board of Managers Joint Guadalupe County-City of Seguin Hospital<br> (Board of Managers Joint Guadalupe County-City of Seguin Hospital)<br>Series 2015<br>5.00%, 12/01/2045 |  | 4000 |  | 3753842 |
|  County of Smith TX<br> (County of Smith TX)<br>Series 2023<br>5.00%, 08/15/2048 |  | 7000 |  | 7237124 |
|  Dallas Independent School District<br> (Dallas Independent School District)<br>Series 2024-2<br>4.00%, 02/15/2054<sup>(b) (c)</sup> |  | 12000 |  | 10927663 |
|  Greenwood Independent School District<br> (Greenwood Independent School District)<br>Series 2025-2<br>5.00%, 02/15/2049<sup>(b) (c)</sup> |  | 10095 |  | 10415682 |
|  Hidalgo County Regional Mobility Authority<br> (Hidalgo County Regional Mobility Authority)<br>Series 2022-A |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2044 |  | 2420 |  | 939360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2045 |  | 3360 |  | 1199744 |
|  Leander Independent School District<br> (Leander Independent School District)<br>Series 2025-2<br>5.00%, 08/15/2055<sup>(b) (c)</sup> |  | 10000 |  | 10346409 |
|  Melissa Independent School District<br> (Melissa Independent School District)<br>Series 2024-2<br>4.25%, 02/01/2053<sup>(b) (c)</sup> |  | 12780 |  | 12230077 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (CHF-Collegiate Housing Denton)<br>AG Series 2018-A1<br>5.00%, 07/01/2038 |  | 500 |  | 508563 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Rockwall Independent School District<br> (Rockwall Independent School District)<br>Series 2025-2<br>5.00%, 02/15/2054<sup>(b) (c)</sup> | $| 10000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10334998 |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Texas Health Resources Obligated Group)<br>Series 2025-A<br>5.00%, 11/15/2055 |  | 1500 |  | 1533926 |
|  |  |  |  | 72280113 |
|  **Utah – 0.3%** | **Utah – 0.3%** | **Utah – 0.3%** | **Utah – 0.3%** | **Utah – 0.3%** |
|  Mida Mountain Village Public Infrastructure District<br> (Mida Mountain Village Public Infrastructure District)<br>Series 2025-1<br>5.75%, 06/01/2060<sup>(b)</sup> |  | 1000 |  | 1012186 |
|  **Virginia – 1.3%** | **Virginia – 1.3%** | **Virginia – 1.3%** | **Virginia – 1.3%** | **Virginia – 1.3%** |
|  Henrico County Economic Development Authority<br> (Bon Secours Mercy Health)<br>Series 2025<br>5.00%, 11/01/2048 |  | 1000 |  | 1035184 |
|  Powhatan County Economic Development Authority<br> (Powhatan County Economic Development Authority)<br>Series 2025<br>6.125%, 09/01/2060<sup>(b)</sup> |  | 1000 |  | 998130 |
|  Virginia College Building Authority<br> (Regent University Obligated Group)<br>Series 2025<br>6.00%, 06/01/2055 |  | 2200 |  | 2312197 |
|  |  |  |  | 4345511 |
|  **Washington – 1.1%** | **Washington – 1.1%** | **Washington – 1.1%** | **Washington – 1.1%** | **Washington – 1.1%** |
|  Grays Harbor County Public Hospital District No. 1<br> (Grays Harbor County Public Hospital District No. 1)<br>Series 2023<br>6.875%, 12/01/2053 |  | 1000 |  | 1095319 |
|  King County Public Hospital District No. 4<br> (King County Public Hospital District No. 4)<br>Series 2025<br>7.00%, 12/01/2060 |  | 1000 |  | 1017827 |
|  Washington State Housing Finance Commission<br> (WSHFC 2021-1)<br>Series 2021-1, Class A<br>3.50%, 12/20/2035 |  | 916 |  | 898652 |
|  Washington State Housing Finance Commission<br> (WSHFC 2023-1)<br>Series 2023-1, Class A<br>3.375%, 04/20/2037 |  | 978 |  | 934170 |
|  |  |  |  | 3945968 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  **Wisconsin – 9.6%** | **Wisconsin – 9.6%** | **Wisconsin – 9.6%** |
|  Wisconsin Health & Educational Facilities Authority<br> (Hospital Sisters Services Obligated Group)<br>Series 2025<br>5.50%, 08/15/2048 | $2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2123309 |
|  Wisconsin Health & Educational Facilities Authority<br> (Sanford Obligated Group) BAM<br>Series 2024<br>4.50%, 02/15/2054 | 3000 | 2890707 |
|  Wisconsin Public Finance Authority<br> (Alpha Ranch Water Control & Improvement District of Denton & Wise Counties)<br>Series 2024<br>Zero Coupon, 12/15/2038<sup>(b)</sup> | 2000 | 931472 |
|  Wisconsin Public Finance Authority<br> (CFC-SA LLC)<br>Series 2022<br>5.00%, 02/01/2052 | 8500 | 8334042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2062 | 1500 | 1456702 |
|  Wisconsin Public Finance Authority<br> (Foundation Academy Charter School A NJ Nonprofit)<br>Series 2024<br>5.00%, 07/01/2060<sup>(b)</sup> | 1500 | 1336693 |
|  Wisconsin Public Finance Authority<br> (Heritage Bend Project)<br>Series 2025<br>Zero Coupon, 12/15/2042<sup>(b)</sup> | 2000 | 620060 |
|  Wisconsin Public Finance Authority<br> (Montgomery County Municipal Utility District Nos 123 & 153)<br>Series 2024<br>Zero Coupon, 12/15/2034<sup>(b)</sup> | 1000 | 591296 |
|  Wisconsin Public Finance Authority<br> (Pinecrest Academy of Nevada)<br>Series 2024<br>4.25%, 07/15/2044<sup>(b)</sup> | 1000 | 905017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/15/2049<sup>(b)</sup> | 1000 | 882685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/15/2053<sup>(b)</sup> | 1000 | 864038 |
|  Wisconsin Public Finance Authority<br> (Prerefunded - US Treasuries)<br>Series 2022<br>4.00%, 04/01/2052<sup>(b)</sup> | 90 | 96805 |
|  Wisconsin Public Finance Authority<br> (Queens University of Charlotte)<br>Series 2022<br>5.25%, 03/01/2047 | 4000 | 4016006 |
|  Wisconsin Public Finance Authority<br> (Southeastern Regional Medical Center Obligated Group)<br>Series 2021<br>4.00%, 02/01/2037 | 1505 | 1377311 |
|  Wisconsin Public Finance Authority<br> (SR 400 Peach Partners LLC)<br>Series 2025 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 06/30/2060 | 2000 | 2071215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 12/31/2065 | 2000 | 2068215 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (Triad Math & Science Academy)<br>Series 2025<br>5.25%, 06/15/2065 | $2000 | $1821780 |
|  Wisconsin Public Finance Authority<br> (Wisconsin Public Finance Authority)<br>5.50%, 12/15/2038<sup>(b)</sup> | 924 | 926696 |
|  |  | 33314049 |
|  **Total Municipal Obligations** <br>(cost $579,810,958) | **Total Municipal Obligations** <br>(cost $579,810,958) | 582441284 |
|  | **Shares** |  |
|  **WARRANTS – 0.0%** | **WARRANTS – 0.0%** | **WARRANTS – 0.0%** |
|  **Industrials – 0.0%** | **Industrials – 0.0%** | **Industrials – 0.0%** |
|  **Construction & Engineering – 0.0%** | **Construction & Engineering – 0.0%** | **Construction & Engineering – 0.0%** |
|  DesertXpress Enterprises LLC, expiring 12/31/2026<sup>(d) (f) (g)</sup> <br>(cost $0) | 12014 | 18021 |
|  | **Principal<br>Amount<br>(000)** |  |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.2%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.2%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.2%** |
|  **Non-Agency Fixed Rate CMBS – 0.2%** | **Non-Agency Fixed Rate CMBS – 0.2%** | **Non-Agency Fixed Rate CMBS – 0.2%** |
|  New Hampshire Business Finance Authority<br>Series 2025-3, Class B<br>4.946%, 10/20/2042 <br>(cost $727,445) | $1000 | 732915 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 0.3%** | **SHORT-TERM INVESTMENTS – 0.3%** | **SHORT-TERM INVESTMENTS – 0.3%** |
|  **Investment Companies – 0.3%** | **Investment Companies – 0.3%** | **Investment Companies – 0.3%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio -<br>Class AB, 3.54%<sup>(h) (i) (j)</sup> <br>(cost $1,007,419) | 1007419 | 1007419 |
|  **Total Investments – 168.1%** <br>(cost $581,545,822)(k) | **Total Investments – 168.1%** <br>(cost $581,545,822)(k) | 584199639 |
|  Other assets less liabilities – (68.1)% | Other assets less liabilities – (68.1)% | (236683968) |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | **$347515671** |

---

*(a)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at January 31, 2026.* 

*(b)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At January 31, 2026, the aggregate market value of these securities amounted to $221,629,711 or 63.8% of net assets.* 

*(c)* *Security represents the underlying municipal obligation of an inverse floating rate obligation held by the Fund.* 

*(d)* *Non-income producing security.* 

------

*(e)* *Defaulted matured security.* 

*(f)* *Security in which significant unobservable inputs (Level 3) were used in determining fair value.* 

*(g)* *Fair valued by the Adviser.* 

*(h)* *The rate shown represents the 7-day yield as of period end.* 

*(i)* *Affiliated investments.* 

*(j)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(k)* *As of January 31, 2026, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $11,932,375 and gross unrealized depreciation of investments was $(9,278,558), resulting in net unrealized appreciation of $2,653,817.* 

*As of January 31, 2026, the Fund's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 10.8% and 0.0%, respectively.* <br>

*Glossary:* 

*AG – Assured Guaranty Inc.* 

*BAM – Build American Mutual* 

*CHF – Collegiate Housing Foundation* 

*CMBS* – *Commercial Mortgage-Backed Securities*

*COP* – *Certificate of Participation*

*OSF* – *Order of St. Francis*

------

**Alliance Bernstein National Municipal Income Fund, Inc.** 

**January 31, 2026 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Long-Term Municipal Bonds | $— | $582441284 | $— | $582441284 |
| Warrants |  |  | 18021 | 18021 |
| Commercial Mortgage-Backed Securities |  | 732915 |  | 732915 |
| Short-Term Investments | 1007419 |  |  | 1007419 |
| Total Investments in Securities | 1007419 | 583174199 | 18021 | 584199639 |
| **Other Financial Instruments<sup>(a)</sup>** | **—** | **—** | **—** | **—** |
| **Total** | $**1007419** | $**583174199** | $**18021** | $**584199639** |

---

---

| | |
|:---|:---|
| | *The Fund holds liabilities for floating rate note obligations which are not reflected in the table above. The fair value of the Fund's liabilities for floating rate note obligations approximates their liquidation values. Floating rate note obligations are generally classified as level 2.*  |

---

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the three months ended January 31, 2026 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market<br>Value**<br> **10/31/2025**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market<br>Value**<br> **01/31/2026**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3942 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19823 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22758 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND

- **b. Investment Company Act file number:** 811-10573

- **c. CIK number of Registrant:** 0001162027

- **d. LEI of Registrant:** MNYPOOOZYY8V01GEIT28

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

**Item A.2. Information about the Series.**

- **a. Name of Series:** ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND

- **c. LEI of Series:** MNYPOOOZYY8V01GEIT28

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $593323898.88

**Total Liabilities:** $245808751.85

**Net Assets:** $347515147.03

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -558.41000000 | **1-Year:** -9235.68000000 | **5-Year:** -51437.07000000 | **10-Year:** -182092.81000000 | **30-Year:** -147691.83000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -200.24000000 | **1-Year:** -2399.75000000 | **5-Year:** -8809.21000000 | **10-Year:** -29809.02000000 | **30-Year:** -14948.67000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.63%               | 0.00%                | 1.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-154061.72              | $-667912.74                                |
| Month 2  | $-213469.93              | $-2544039.13                               |
| Month 3  | $-38267.86               | $-104466.88                                |

### Schedule of Portfolio Investments

| Name                                                                         | Title                                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alameda Corridor Transportation Authority                                    | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                                   | CUSIP: 010869JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $5762480.00   | 1.66%             | 2050-10-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                                   | CUSIP: 010869MH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $1830097.75   | 0.53%             | 2052-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                    | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                                   | CUSIP: 010869MJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $1603844.40   | 0.46%             | 2053-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                           | AB Fixed Income Shares, Inc. - Government Money Market Portfolio             | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   1007419 | NS      | $1007419.11   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Municipality of Anchorage AK                                                 | ANCHORAGE AK PORT REVENUE                                                    | CUSIP: 033252CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2742575.10   | 0.79%             | 2060-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                      | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                                    | CUSIP: 041807DC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2852724.60   | 0.82%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Atlanta Development Authority/The                                            | ATLANTA GA DEV AUTH                                                          | CUSIP: 04780NMY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1800691.60   | 0.52%             | 2048-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Desertxpress Enterprises LLC                                                 | Desertxpress Enterprises LLC                                                 | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | N/A              | DE               |  | US        |     12014 | NS      | $18021.00     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Berks County Municipal Authority/The                                         | BERKS CNTY PA MUNI AUTH                                                      | CUSIP: 084538JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $166901.43    | 0.05%             | 2034-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                         | BERKS CNTY PA MUNI AUTH                                                      | CUSIP: 084538JH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921440.20    | 0.27%             | 2039-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Managers Joint Guadalupe County-City of Seguin Hospital             | BRD OF MANAGERS TX JT GUADALUPE CNTY-CITY OF SEGUIN HOSP MTG                 | CUSIP: 09659MAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3753842.40   | 1.08%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                               | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                      | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1722183.80   | 0.50%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                      | BUILD NYC RESOURCE CORP NY REVENUE                                           | CUSIP: 12008EWW2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1937408.20   | 0.56%             | 2061-10-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                        | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                         | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1083750.00   | 0.31%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| California Enterprise Development Authority                                  | CALIFORNIA ST ENTERPRISE DEV AUTH CHRT SCH REVENUE                           | CUSIP: 13069ABE7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1887091.00   | 0.54%             | 2064-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                      | CUSIP: 13080SM84<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047249.40   | 0.59%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                      | CUSIP: 13080SMH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    800000 | PA      | $803494.16    | 0.23%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                       | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                      | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000415.10   | 0.29%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                      | CAPITAL TRUST AUTH FL CHRTR SCH REVENUE                                      | CUSIP: 14054YAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2553418.73   | 0.73%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                | CUSIP: 154871CG0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5477935.50   | 1.58%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                           | CHICAGO IL                                                                   | CUSIP: 167486U72<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092690.80   | 0.60%             | 2050-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                   | CHICAGO IL BRD OF EDU                                                        | CUSIP: 167505D29<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023032.50   | 1.45%             | 2045-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                   | CHICAGO IL BRD OF EDU                                                        | CUSIP: 167505WC6<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   5005000 | PA      | $4771943.18   | 1.37%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                         | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                 | CUSIP: 1675934S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2249123.98   | 0.65%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                  | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE                              | CUSIP: 20775DDY5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1127392.20   | 0.32%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado State University Research Foundation                                | COLORADO ST UNIV STRATA CO STUDENT HSG REVENUE                               | CUSIP: 22945UAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966202.80   | 0.57%             | 2065-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                        | CUYAHOGA CNTY OH HOSP REVENUE                                                | CUSIP: 2322655U8<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   4585000 | PA      | $4469898.62   | 1.29%             | 2052-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                           | DENVER CO HLTH & HOSP AUTH HLTHCARE REVENUE                                  | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070109.60   | 0.31%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                           | DETROIT MI                                                                   | CUSIP: 2510934Q0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2020890.81   | 0.58%             | 2050-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                           | DETROIT MI                                                                   | CUSIP: 2510936E5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2561294.49   | 0.74%             | 2043-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                       | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE                           | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   5335000 | PA      | $5508083.94   | 1.58%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                         | DIST OF COLUMBIA REVENUE                                                     | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106501.60   | 0.61%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                        | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE                               | CUSIP: 26444CHE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5625000 | PA      | $5593336.88   | 1.61%             | 2053-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Illinois Economic Development Authority                              | EASTERN IL ECON DEV AUTH SPL OBLIG REVENUE                                   | CUSIP: 276522AA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964883.70    | 0.28%             | 2056-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP                                                      | CUSIP: 340618DV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9836883.00   | 2.83%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                                 | CUSIP: 34061UKN7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $2645961.50   | 0.76%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                             | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                                 | CUSIP: 34061ULN6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923713.20    | 0.27%             | 2052-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                  | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE                        | CUSIP: 34077UAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046167.50   | 0.30%             | 2064-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Golden State Connect Authority                                               | GOLDEN STATE CONNECT AUTHORITY TELECOMMUNICATIONS REVENUE                    | CUSIP: 38121BAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967165.30    | 0.28%             | 2060-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                       | GRAND FORKS ND HLTH CARE SYS REVENUE                                         | CUSIP: 38546WEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017082.60   | 0.58%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grays Harbor County Public Hospital District No 1                            | GRAYS HARBOR CNTY WA PUBLIC HOSP DIST #1 HOSP REVENUE                        | CUSIP: 389526AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095318.80   | 0.32%             | 2053-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Greater Asheville Regional Airport Authority                                 | GTR ASHEVILLE REGL ARPT AUTH NC ARPT SYS REVENUE                             | CUSIP: 39160CBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4089752.00   | 1.18%             | 2053-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                              | HALIFAX FL HOSP MED CTR                                                      | CUSIP: 405815LL3<br>LEI: 549300H6HDJUXLEMUW23 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2698066.20   | 0.78%             | 2054-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                        | HAMILTON CNTY OH HOSP FACS REVENUE                                           | CUSIP: 4072722W2<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5107127.50   | 1.47%             | 2051-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Henrico County Economic Development Authority                                | HENRICO CNTY VA ECON DEV AUTH HLTH FACS REVENUE                              | CUSIP: 42605XAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035183.60   | 0.30%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                   | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                 | CUSIP: 42934AAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $939360.03    | 0.27%             | 2044-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                   | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI                 | CUSIP: 42934AAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $1199744.45   | 0.35%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                   | ILLINOIS ST FIN AUTH REVENUE                                                 | CUSIP: 45203H5F5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4499775.90   | 1.29%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                   | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                      | CUSIP: 45203PAE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080740.60   | 0.60%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                                  | CUSIP: 452153KD0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4588582.46   | 1.32%             | 2046-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | INDIANA FIN AUTH EDUCTNL FACS REVENUE                                        | CUSIP: 45470ECC7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2836924.80   | 0.82%             | 2057-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                    | INDIANA ST FIN AUTH STUDENT HSG REVENUE                                      | CUSIP: 45471FAZ4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006864.80   | 0.58%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                         | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                       | CUSIP: 472682ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2077822.00   | 0.60%             | 2049-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                         | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                       | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2527703.92   | 0.73%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| King County Public Hospital District No 4                                    | KING CNTY WA PUBLIC HOSP DIST #4 HOSP REVENUE                                | CUSIP: 494796AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017826.70   | 0.29%             | 2060-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                          | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE                        | CUSIP: 51265KFJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1037717.90   | 0.30%             | 2054-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                               | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                | CUSIP: 52349EEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2019454.60   | 0.58%             | 2054-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                               | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                | CUSIP: 52349EEV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1954083.20   | 0.56%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lincoln SD                                                         | LINCOLN CNTY SD ECON DEV REVENREV                                            | CUSIP: 53340EAD9<br>LEI: 549300USXDZ5FGJLUV88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $765832.30    | 0.22%             | 2061-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                            | LONG BEACH CA BOND FIN AUTH NATURAL GAS PURCHASE REVENUE                     | CUSIP: 54241AAZ6<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2403271.00   | 0.69%             | 2037-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                        | LOUISIANA PUB FACS AUTH REVENUE                                              | CUSIP: 546399RQ1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1985800.00   | 0.57%             | 2053-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                        | LOUISIANA PUB FACS AUTH REVENUE                                              | CUSIP: 546399UY0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002687.30   | 0.29%             | 2059-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                       | M-S-R CA ENERGY AUTH GAS REVENUE                                             | CUSIP: 55374SAC4<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2482673.00   | 0.71%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                       | M-S-R CA ENERGY AUTH GAS REVENUE                                             | CUSIP: 55374SAJ9<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2482673.00   | 0.71%             | 2039-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                             | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                                   | CUSIP: 56681NJJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992404.40    | 0.29%             | 2060-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                           | MARYLAND ST ECON DEV CORP STUDENT HSG REVENUE                                | CUSIP: 57420VSP9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2109790.00   | 0.61%             | 2058-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY SENIOR LIVING REVENUE                           | CUSIP: 57563WAB4<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017264.80   | 0.29%             | 2045-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                         | CUSIP: 57584XD57<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5546222.30   | 1.60%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                         | CUSIP: 57585BBU1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948658.10    | 0.27%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                         | CUSIP: 57585BKB3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089058.80   | 0.60%             | 2050-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                     | MASSACHUSETTS ST DEV FIN AGY REVENUE                                         | CUSIP: 57585BMX3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2050655.40   | 0.59%             | 2065-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                     | MET PIER & EXPOSITION AUTH IL REVENUE                                        | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   8755000 | PA      | $8540018.35   | 2.46%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                      | MIAMI-DADE CNTY FL                                                           | CUSIP: 59333FJ35<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2144171.69   | 0.62%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                       | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                          | CUSIP: 59334KJP4<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000218.50   | 1.44%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mida Mountain Village Public Infrastructure District                         | MIDA MOUNTAIN VLG PUBLIC INFRASTRUCTURE DIST UT TAX ALLOCATI                 | CUSIP: 59561UAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012186.40   | 0.29%             | 2060-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mobile County Industrial Development Authority                               | MOBILE CNTY AL INDL DEV AUTH SOL WST DISP REVENUE                            | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $954653.03    | 0.27%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 40                                       | MULTNOMAH CNTY OR SCH DIST #40                                               | CUSIP: 625693JN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $1373005.00   | 0.40%             | 2051-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                      | MUNI ELEC AUTH OF GEORGIA                                                    | CUSIP: 626207X25<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1982214.40   | 0.57%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                      | MUNI ELEC AUTH OF GEORGIA                                                    | CUSIP: 626207Z72<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3118966.97   | 0.90%             | 2063-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                      | MUNI ELEC AUTH OF GA                                                         | CUSIP: 62620HHQ8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1381264.90   | 0.40%             | 2064-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                                     | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1992915 | PA      | $1999597.16   | 0.58%             | 2040-10-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                                     | CUSIP: 63607DAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995687 | PA      | $2101519.79   | 0.60%             | 2041-06-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH EDU REVENUE                                             | CUSIP: 63607EAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994102.20    | 0.29%             | 2065-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority                                                   | New Hampshire Business Finance Authority                                     | CUSIP: 63607WBT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $732914.90    | 0.21%             | 2042-10-20      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH REVENUE                                                 | CUSIP: 63607YAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $829881.00    | 0.24%             | 2043-07-01      | Floating      | 3.62%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH REVENUE                                                 | CUSIP: 63607YCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1951879.40   | 0.56%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH SPL REVENUE                                             | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    741000 | PA      | $740738.72    | 0.21%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH SPL REVENUE                                             | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    736000 | PA      | $737032.53    | 0.21%             | 2032-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH SPL REVENUE                                             | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    747000 | PA      | $747088.89    | 0.21%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                     | NATIONAL FIN AUTH NH MF AFFORDABLE HSG                                       | CUSIP: 63610CAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106483.80   | 0.61%             | 2042-04-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                  | NEW HAMPSHIRE ST HLTH & EDU FACS AUTH REVENUE                                | CUSIP: 64461XFV2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026659.00   | 0.58%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                          | NEW HOPE CULTURAL EDU FACS FIN CORP TX CAPITAL IMPT REVENUE                  | CUSIP: 64542YAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508563.25    | 0.15%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                         | CUSIP: 64578TAB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037821.30   | 0.30%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                    | NEW JERSEY ST ECON DEV AUTH REVENUE                                          | CUSIP: 6459182A0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002024.00   | 0.29%             | 2034-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                       | NEW ORLEANS LA                                                               | CUSIP: 64763FZJ1<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4083188.00   | 1.17%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Orleans LA                                                       | NEW ORLEANS LA                                                               | CUSIP: 64763FZN2<br>LEI: 54930084B6KHR5PR2651 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6090088.20   | 1.75%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                          | NEW YORK NY                                                                  | CUSIP: 64966Q6R6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  11300000 | PA      | $10280306.08  | 2.96%             | 2053-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                             | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE                         | CUSIP: 650028C27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031216.20   | 0.30%             | 2055-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                               | CUSIP: 650116HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3800524.12   | 1.09%             | 2054-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                               | CUSIP: 650116HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2020154.40   | 0.58%             | 2060-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                               | CUSIP: 650116HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $11287143.20  | 3.25%             | 2054-12-31      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                     | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                               | CUSIP: 650116JM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10377271.00  | 2.99%             | 2059-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                            | NORTH CAROLINA ST TURNPIKE AUTH                                              | CUSIP: 65830RDE6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $268668.00    | 0.08%             | 2053-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                  | OHIO ST HGR EDUCTNL FAC COMMISSION                                           | CUSIP: 67756DY59<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1956015.80   | 0.56%             | 2057-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                  | OKLAHOMA ST TURNPIKE AUTH                                                    | CUSIP: 679111C93<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |  11235000 | PA      | $11351082.27  | 3.27%             | 2053-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE                               | CUSIP: 69651ACZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3030135.00   | 0.87%             | 2055-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                  | CUSIP: 70868YAZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7845144.75   | 2.26%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                        | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                                   | CUSIP: 70869PHX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4064250.82   | 1.17%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                | CUSIP: 70917TTU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160420.80   | 0.62%             | 2055-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                         | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                                | CUSIP: 70917TTV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047505.40   | 0.59%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plymouth Educational Center Charter School                                   | PLYMOUTH MI EDUCTNL CENTER CHRT SCH PUBLIC SCH ACADEMY REVEN                 | CUSIP: 729693AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $856000.00    | 0.25%             | 2024-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Powhatan County Economic Development Authority                               | POWHATAN CNTY VA ECON DEV AUTH GRANT REVENUE                                 | CUSIP: 73937XAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998130.00    | 0.29%             | 2060-09-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI CHRT SCH REVENUE                                          | CUSIP: 744396KH4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1336693.20   | 0.38%             | 2060-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI HOSP REVENUE                                              | CUSIP: 74442CDL5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1377310.83   | 0.40%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI EDU REVENUE                                               | CUSIP: 74442EME7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $905016.80    | 0.26%             | 2044-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI EDU REVENUE                                               | CUSIP: 74442EMF4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $882685.40    | 0.25%             | 2049-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI EDU REVENUE                                               | CUSIP: 74442EMG2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864037.70    | 0.25%             | 2053-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI EDU REVENUE                                               | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1821779.60   | 0.52%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                   | CUSIP: 74442PF42<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $591295.80    | 0.17%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                   | CUSIP: 74442PF91<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    923770 | PA      | $926696.45    | 0.27%             | 2038-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                   | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $931471.80    | 0.27%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                   | CUSIP: 74442PQ81<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $620060.40    | 0.18%             | 2042-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI REVENUE                                                   | CUSIP: 74442PZY4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     90000 | PA      | $96804.72     | 0.03%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                                       | CUSIP: 74443DHH7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4016006.40   | 1.16%             | 2047-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI HOTEL REVENUE                                             | CUSIP: 74447DAC1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8334041.75   | 2.40%             | 2052-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI HOTEL REVENUE                                             | CUSIP: 74447DAD9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1456702.35   | 0.42%             | 2062-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI TOLL REVENUE                                              | CUSIP: 74448UAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2071214.80   | 0.60%             | 2060-06-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                     | PUBLIC FIN AUTH WI TOLL REVENUE                                              | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068214.60   | 0.60%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pulaski County Public Facilities Board                                       | PULASKI CNTY AR PUBLIC FACS BRD HLTHCARE REVENUE                             | CUSIP: 74540HAM6<br>LEI: 549300FW3F0WYTXI3E38 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001354.60   | 0.58%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                    | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                              | CUSIP: 79575EAR9<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1318095.36   | 0.38%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                    | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                              | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   8700000 | PA      | $9545590.41   | 2.75%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                 | SAVANNAH GEORGIA CONVENTION CTR AUTH GA CONVENTION CTR HOTEL                 | CUSIP: 804828AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1972108.00   | 0.57%             | 2061-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                 | SAVANNAH GEORGIA CONVENTION CTR AUTH GA CONVENTION CTR HOTEL                 | CUSIP: 804828AX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1311159.95   | 0.38%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Savannah Georgia Convention Center Authority                                 | SAVANNAH GEORGIA CONVENTION CTR AUTH GA CONVENTION CTR HOTEL                 | CUSIP: 804828AY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4090256.80   | 1.18%             | 2058-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board                          | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU                 | CUSIP: 82170LAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996816.10    | 0.29%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health & Educational Facilities Board                          | SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU                 | CUSIP: 82170LAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $1972653.50   | 0.57%             | 2056-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Smith TX                                                           | SMITH CNTY TX                                                                | CUSIP: 832033NH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7237124.30   | 2.08%             | 2048-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                           | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTHCARE REVENUE                        | CUSIP: 83704HAM9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033356.60   | 0.59%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                      | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                    | CUSIP: 837151A58<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1566000 | PA      | $1077911.00   | 0.31%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                      | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                    | CUSIP: 837151A66<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1132000 | PA      | $821642.28    | 0.24%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                   | STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE                            | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3743187.99   | 1.08%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Vrain Lakes Metropolitan District No 4                                    | ST VRAIN LAKES MET DIST NO 4                                                 | CUSIP: 85237KAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $728540.90    | 0.21%             | 2054-09-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                    | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                           | CUSIP: 87638TJS3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533925.80   | 0.44%             | 2055-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Melissa Independent School District                                          | MELISSA TX INDEP SCH DIST                                                    | CUSIP: 585488YU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4430000 | PA      | $3880076.59   | 1.12%             | 2053-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                           | DALLAS TX INDEP SCH DIST                                                     | CUSIP: 235308Q22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6427663.20   | 1.85%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                  | Metropolitan Washington Airports Authority Aviation Revenue                  | CUSIP: 592647PE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $3149520.28   | 0.91%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | San Francisco City & County Airport Comm-San Francisco International Airport | CUSIP: 79766DMA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2228793.20   | 0.64%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                            | ILLINOIS ST                                                                  | CUSIP: 452153PK9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2351887.68   | 0.68%             | 2049-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                     | MIAMI-DADE CNTY FL AVIATION REVENUE                                          | CUSIP: 593340AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2458148.00   | 0.71%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Worthington City School District                                             | WORTHINGTON OH CITY SCH DIST                                                 | CUSIP: 982038TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2600378.50   | 0.75%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                    | ATLANTA GA ARPT REVENUE                                                      | CUSIP: 04780M3D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2525297.00   | 0.73%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Greenwood Independent School District                                        | GREENWOOD TX INDEP SCH DIST                                                  | CUSIP: 397370KH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2340186.14   | 0.67%             | 2049-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwall Independent School District                                         | ROCKWALL TX INDEP SCH DIST                                                   | CUSIP: 774286EV6<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2334998.00   | 0.67%             | 2054-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                          | LEANDER TX INDEP SCH DIST                                                    | CUSIP: 521841S98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3486409.01   | 1.00%             | 2055-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                | MASSACHUSETTS ST                                                             | CUSIP: 57582R5R3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2220000 | PA      | $2566458.93   | 0.74%             | 2054-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                      | HAWAII ST ARPTS SYS REVENUE                                                  | CUSIP: 419794J45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2629871.00   | 0.76%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                | Commonwealth of Massachusetts                                                | CUSIP: 57582R3A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2285475.16   | 0.66%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                  | California State University                                                  | CUSIP: 13077DWH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142264.56   | 0.62%             | 2056-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV                        | CUSIP: 79766DXZ7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $5194734.00   | 1.49%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue                       | TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE                         | CUSIP: 896035CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3229116.80   | 0.93%             | 2053-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                    | TULSA OK MUNI ARPT TRUST TRUSTEES                                            | CUSIP: 899661EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2247342.60   | 0.65%             | 2040-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                          | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                 | CUSIP: 903768AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $492637.03    | 0.14%             | 2037-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                          | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                 | CUSIP: 903768AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205063.26    | 0.06%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                          | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                 | CUSIP: 903768AF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $332817.19    | 0.10%             | 2047-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ulster County Capital Resource Corp                                          | ULSTER CNTY NY CAPITAL RESOURCE CORP REVENUE                                 | CUSIP: 903768AG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $694799.45    | 0.20%             | 2053-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Vail CO                                                              | VAIL CO COPS                                                                 | CUSIP: 91878DAX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6401576.40   | 1.84%             | 2064-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vail Home Partners Corp                                                      | VAIL HOME PARTNERS CORP CO HSG FACS REVENUE                                  | CUSIP: 91879VAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019958.50   | 0.29%             | 2064-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                          | VIRGINIA CLG BLDG AUTH EDUCTNL FACS REVENUE                                  | CUSIP: 92778FLZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2312197.36   | 0.67%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue             | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE                        | CUSIP: 93878YEB1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2095591.80   | 0.60%             | 2055-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | WASHINGTON ST HSG FIN COMMISSION                                             | CUSIP: 93978T4M8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    977590 | PA      | $934170.38    | 0.27%             | 2037-04-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                  | WASHINGTON ST HSG FIN COMMISSION                                             | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    916348 | PA      | $898651.87    | 0.26%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                     | WASHINGTON TWP CA HLTH CARE DIST                                             | CUSIP: 940642GG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1616660.18   | 0.47%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                          | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                | CUSIP: 97712JKN2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2890707.00   | 0.83%             | 2054-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                          | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                | CUSIP: 97712JPH0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2123309.20   | 0.61%             | 2048-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Woodbury MN                                                          | WOODBURY MN CHRT SCH LEASE REVENUE                                           | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1846638.60   | 0.53%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller