# EDGAR Filing Document

**Accession Number:** 0001162027
**File Stem:** 0001752724-23-070284
**Filing Date:** 2023-3
**Character Count:** 123205
**Document Hash:** 34d479a8052a75f674879fcc8952db4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-070284.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-070284

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND
- **CENTRAL INDEX KEY:** 0001162027
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10573
- **FILM NUMBER:** 23770477

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129692124

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**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, 2023 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 158.8%** | **MUNICIPAL OBLIGATIONS – 158.8%** | **MUNICIPAL OBLIGATIONS – 158.8%** |
|  **Long-Term Municipal Bonds – 158.8%** | **Long-Term Municipal Bonds – 158.8%** | **Long-Term Municipal Bonds – 158.8%** |
|  **Alabama – 3.3%** | **Alabama – 3.3%** | **Alabama – 3.3%** |
|  Jefferson County Board of Education/AL<br>Series 2018<br>5.00%, 02/01/2046 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10598305 |
|  Sumter County Industrial Development Authority/AL<br> (Enviva, Inc.)<br>Series 2022<br>6.00%, 07/15/2052 | 1400 | 1283471 |
|  |  | 11881776 |
|  **Arizona – 1.7%** | **Arizona – 1.7%** | **Arizona – 1.7%** |
|  Arizona Industrial Development Authority<br> (Equitable School Revolving Fund LLC Obligated Group)<br>Series 2020<br>4.00%, 11/01/2045 | 1100 | 1017853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/01/2050 | 2855 | 2571995 |
|  Salt Verde Financial Corp.<br> (Citigroup, Inc.)<br>Series 2007<br>5.25%, 12/01/2023 | 2665 | 2697779 |
|  |  | 6287627 |
|  **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 | 2038252 |
|  **California – 13.1%** | **California – 13.1%** | **California – 13.1%** |
|  Alameda Corridor Transportation Authority<br>Series 2022-A<br>0.00%, 10/01/2050 | 10000 | 4977454 |
|  California Pollution Control Financing Authority<br> (Poseidon Resources Channelside LP)<br>Series 2012<br>5.00%, 07/01/2037<sup>(a)</sup> | 3075 | 3083144 |
|  California Statewide Communities Development Authority<br> (CHF-Irvine LLC)<br>BAM Series 2021<br>3.00%, 05/15/2054 | 9895 | 7651878 |
|  California Statewide Communities Development Authority<br> (Enloe Medical Center Obligated Group)<br>AGM Series 2022-A<br>5.375%, 08/15/2057 | 2000 | 2166819 |
|  California Statewide Communities Development Authority<br> (Loma Linda University Medical Center)<br>Series 2016-A<br>5.00%, 12/01/2036<sup>(a)</sup> | 800 | 812981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 12/01/2056<sup>(a)</sup> | 2000 | 2003518 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue<br>Series 2013-B<br>5.00%, 07/01/2034 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1770 | $| 1787998 |
|  Los Angeles Department of Water & Power System Revenue<br>Series 2013-B<br>5.00%, 07/01/2030 |  | 10000 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10102932 |
|  Los Angeles Department of Water & Power Water System Revenue<br>Series 2013-B<br>5.00%, 07/01/2032 |  | 3840 |  | 3879047 |
|  State of California<br>Series 2013<br>5.00%, 11/01/2030 |  | 5800 |  | 5905655 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020 4.00%, 03/01/2028 |  | 2000 |  | 2187066 |
|  University of California<br>Series 2013-A<br>5.00%, 05/15/2030 |  | 2875 |  | 2896848 |
|  |  |  |  | 47455340 |
|  **Colorado – 2.1%** | **Colorado – 2.1%** | **Colorado – 2.1%** | **Colorado – 2.1%** | **Colorado – 2.1%** |
|  City & County of Denver CO. Airport System Revenue<br>(Denver Intl Airport)<br>Series 2013-B<br>5.25%, 11/15/2031 |  | 6680 |  | 6830763 |
|  Colorado Health Facilities Authority<br> (CommonSpirit Health)<br>Series 2019-A<br>5.00%, 08/01/2044 |  | 705 |  | 733922 |
|  |  |  |  | 7564685 |
|  **Connecticut – 4.4%** | **Connecticut – 4.4%** | **Connecticut – 4.4%** | **Connecticut – 4.4%** | **Connecticut – 4.4%** |
|  Connecticut State Health & Educational Facilities Authority<br> (Sacred Heart University, Inc.)<br>Series 2017-I1<br>5.00%, 07/01/2042 |  | 2410 |  | 2517043 |
|  Connecticut State Health & Educational Facilities Authority<br> (University of Hartford (The))<br>Series 2019<br>4.00%, 07/01/2049 |  | 1500 |  | 1211073 |
|  State of Connecticut<br>Series 2013-C<br>5.00%, 07/15/2027 |  | 7165 |  | 7251874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-E<br>5.00%, 08/15/2029 |  | 4800 |  | 4868607 |
|  |  |  |  | 15848597 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **District of Columbia – 1.7%** | **District of Columbia – 1.7%** | **District of Columbia – 1.7%** |
|  District of Columbia<br>Series 2013-A<br>5.00%, 06/01/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | $5041670 |
|  Metropolitan Washington Airports Authority Aviation Revenue<br>Series 2016-A<br>5.00%, 10/01/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 1051613 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6093283 |
|  **Florida – 9.1%** | **Florida – 9.1%** | **Florida – 9.1%** |
|  Alachua County Health Facilities Authority<br> (Shands Teaching Hospital & Clinics Obligated Group)<br>Series 2014-A<br>5.00%, 12/01/2044 | 4560 | 4612924 |
|  Brevard County Health Facilities Authority<br> (Health First, Inc. Obligated Group)<br>Series 2014<br>5.00%, 04/01/2033 | 1000 | 1022719 |
|  County of Miami-Dade FL<br>Series 2021<br>4.00%, 07/01/2050 | 6355 | 6336508 |
|  Florida Development Finance Corp.<br> (Cornerstone Charter Academy, Inc.)<br>Series 2022<br>5.125%, 10/01/2052<sup>(a)</sup> | 1000 | 962341 |
|  Florida Development Finance Corp.<br> (Mater Academy Inc.)<br>Series 2022-A<br>4.00%, 06/15/2052 | 3250 | 2644439 |
|  Florida Development Finance Corp.<br> (Mater Academy, Inc.)<br>Series 2020-A<br>5.00%, 06/15/2055 | 2500 | 2422200 |
|  Florida Higher Educational Facilities Financial Authority<br> (Ringling College of Art and Design, Inc.)<br>Series 2017<br>5.00%, 03/01/2042 | 1000 | 1015650 |
|  Halifax Hospital Medical Center<br>Series 2015<br>5.00%, 06/01/2035 (Pre-refunded/ETM) | 2655 | 2817620 |
|  Palm Beach County Health Facilities Authority<br> (Baptist Health South Florida Obligated Group)<br>Series 2019<br>3.00%, 08/15/2044 | 8000 | 6315234 |
|  Putnam County Development Authority/FL<br> (Seminole Electric Cooperative, Inc.)<br>Series 2018-A<br>5.00%, 03/15/2042 | 4500 | 4887246 |
|  |  | 33036881 |
|  **Georgia – 2.9%** | **Georgia – 2.9%** | **Georgia – 2.9%** |
|  Augusta Development Authority<br> (AU Health System Obligated Group)<br>Series 2018<br>5.00%, 07/01/2036 | 4170 | 3956917 |
|  City of Atlanta GA Department of Aviation<br>Series 2014-B<br>5.00%, 01/01/2032 | 1275 | 1305535 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Main Street Natural Gas, Inc.<br> (Citadel LP)<br>Series 2022-C<br>4.00%, 08/01/2052<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| 963821 |
|  Municipal Electric Authority of Georgia<br>Series 2019<br>5.00%, 01/01/2038 |  | 100 |  | 104098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2048 |  | 160 |  | 163046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2056 |  | 635 |  | 650715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2059 |  | 165 |  | 166712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>4.00%, 01/01/2046 |  | 330 |  | 303306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/01/2051 |  | 2375 |  | 2210423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2056 |  | 650 |  | 660246 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10484819 |
|  **Hawaii – 1.3%** | **Hawaii – 1.3%** | **Hawaii – 1.3%** | **Hawaii – 1.3%** | **Hawaii – 1.3%** |
|  County of Hawaii HI<br>Series 2016-A<br>5.00%, 09/01/2029 |  | 2065 |  | 2233656 |
|  State of Hawaii Airports System Revenue<br>Series 2015-A<br>5.00%, 07/01/2045 |  | 2500 |  | 2550042 |
|  |  |  |  | 4783698 |
|  **Illinois – 18.9%** | **Illinois – 18.9%** | **Illinois – 18.9%** | **Illinois – 18.9%** | **Illinois – 18.9%** |
|  Chicago O'Hare International Airport<br>Series 2016-B<br>5.00%, 01/01/2041 |  | 8000 |  | 8318754 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C<br>5.00%, 01/01/2038 |  | 2350 |  | 2456970 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-D<br>5.00%, 01/01/2042 |  | 6500 |  | 6717840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>4.625%, 01/01/2053 |  | 6000 |  | 6045547 |
|  Illinois Finance Authority<br> (Bradley University)<br>Series 2021-A<br>4.00%, 08/01/2051 |  | 4750 |  | 4114620 |
|  Illinois Finance Authority<br> (OSF Healthcare System Obligated Group)<br>Series 2015-A<br>5.00%, 11/15/2045 |  | 4500 |  | 4539374 |
|  Illinois Finance Authority (University of Illinois)<br>Series 2020<br>4.00%, 10/01/2055 |  | 3565 |  | 2988881 |
|  Illinois State Toll Highway Authority<br>Series 2015-B<br>5.00%, 01/01/2040 |  | 3000 |  | 3147582 |
|  Metropolitan Pier & Exposition Authority<br>Series 2020<br>5.00%, 06/15/2050 |  | 8755 |  | 8886307 |
|  State of Illinois<br>Series 2014<br>5.00%, 04/01/2030 |  | 1655 |  | 1683524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2030 |  | 1300 |  | 1323865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2033 |  | 1150 |  | 1168181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2039 |  | 2400 |  | 2418626 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-D<br>5.00%, 11/01/2028 |  | 5000 |  | 5362914 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 10/01/2027 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1076831 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B<br>4.00%, 11/01/2036 |  | 3595 |  | 3556152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/01/2037 |  | 3865 |  | 3784782 |
|  Village of Elk Grove Village IL<br>Series 2017<br>5.00%, 01/01/2028 |  | 1060 |  | 1163038 |
|  |  |  |  | 68753788 |
|  **Indiana – 0.8%** | **Indiana – 0.8%** | **Indiana – 0.8%** | **Indiana – 0.8%** | **Indiana – 0.8%** |
|  Indiana Finance Authority<br> (University of Evansville)<br>Series 2022<br>5.25%, 09/01/2057 |  | 3000 |  | 2930035 |
|  **Iowa – 1.6%** | **Iowa – 1.6%** | **Iowa – 1.6%** | **Iowa – 1.6%** | **Iowa – 1.6%** |
|  Iowa Finance Authority<br> (Iowa Fertilizer Co. LLC)<br>Series 2022<br>5.00%, 12/01/2050 |  | 5000 |  | 5022799 |
|  Iowa Tobacco Settlement Authority<br>Series 2021-A<br>4.00%, 06/01/2049 |  | 1000 |  | 911748 |
|  |  |  |  | 5934547 |
|  **Kansas – 1.4%** | **Kansas – 1.4%** | **Kansas – 1.4%** | **Kansas – 1.4%** | **Kansas – 1.4%** |
|  City of Lawrence KS<br> (Lawrence Memorial Hospital/KS)<br>Series 2018<br>5.00%, 07/01/2048 |  | 5000 |  | 5158019 |
|  **Kentucky – 0.0%** | **Kentucky – 0.0%** | **Kentucky – 0.0%** | **Kentucky – 0.0%** | **Kentucky – 0.0%** |
|  Kentucky Economic Development Finance Authority<br> (CommonSpirit Health)<br>Series 2019-A<br>5.00%, 08/01/2044 |  | 145 |  | 150949 |
|  **Louisiana – 0.8%** | **Louisiana – 0.8%** | **Louisiana – 0.8%** | **Louisiana – 0.8%** | **Louisiana – 0.8%** |
|  Parish of St. John the Baptist LA<br> (Marathon Oil Corp.)<br>Series 2019<br>2.10%, 06/01/2037 |  | 235 |  | 230116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.20%, 06/01/2037 |  | 950 |  | 895051 |
|  State of Louisiana<br>Series 2016-D<br>5.00%, 09/01/2024 |  | 1695 |  | 1765309 |
|  |  |  |  | 2890476 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Maryland – 2.5%** | **Maryland – 2.5%** | **Maryland – 2.5%** |
|  Maryland Economic Development Corp.<br> (Maryland Economic Development Corp. Morgan View & Thurgood Marshall Student Hsg)<br>Series 2022<br>6.00%, 07/01/2058 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $2219966 |
|  Maryland Health & Higher Educational Facilities Authority<br> (Meritus Medical Center Obligated Group)<br>Series 2015<br>5.00%, 07/01/2045 | 6725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6791837 |
|  |  | 9011803 |
|  **Massachusetts – 0.2%** | **Massachusetts – 0.2%** | **Massachusetts – 0.2%** |
|  Massachusetts Development Finance Agency<br> (Lasell University)<br>Series 2021<br>4.00%, 07/01/2050 | 1000 | 763335 |
|  **Michigan – 7.9%** | **Michigan – 7.9%** | **Michigan – 7.9%** |
|  Detroit City School District<br>AGM Series 2001-A<br>6.00%, 05/01/2029 | 9660 | 10790323 |
|  Detroit Downtown Development Authority<br> (Detroit Downtown Development Authority Catalyst Development Area)<br>AGM Series 2018-A<br>5.00%, 07/01/2043 | 3020 | 3042614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2048 | 10000 | 10074882 |
|  Michigan Finance Authority<br> (Great Lakes Water Authority Water Supply System Revenue)<br>AGM Series 2014-D1<br>5.00%, 07/01/2035 | 1250 | 1284765 |
|  Michigan Finance Authority<br> (Public Lighting Authority)<br>Series 2014-B<br>5.00%, 07/01/2034 | 2250 | 2282382 |
|  Plymouth Educational Center Charter School<br>Series 2005<br>5.125%, 11/01/2023<sup>(b)</sup> | 2140 | 1305400 |
|  |  | 28780366 |
|  **Minnesota – 2.8%** | **Minnesota – 2.8%** | **Minnesota – 2.8%** |
|  City of Ramsey MN<br> (Pact Charter School)<br>Series 2022-A<br>5.00%, 06/01/2032 | 1000 | 1001006 |
|  City of Rochester MN<br> (Mayo Clinic)<br>Series 2018<br>4.00%, 11/15/2048 | 3000 | 3011510 |
|  Duluth Economic Development Authority<br> (Essentia Health Obligated Group)<br>Series 2018-A<br>5.00%, 02/15/2058 | 6000 | 6158389 |
|  |  | 10170905 |
|  **Nebraska – 2.9%** | **Nebraska – 2.9%** | **Nebraska – 2.9%** |
|  Central Plains Energy Project<br> (Goldman Sachs Group, Inc. (The))<br>Series 2017-A<br>5.00%, 09/01/2042 | 10000 | 10506757 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Nevada – 2.3%** | **Nevada – 2.3%** | **Nevada – 2.3%** |
|  Las Vegas Valley Water District<br>Series 2022-A<br>4.00%, 06/01/2051 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8645 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8538653 |
|  **New Hampshire – 0.6%** | **New Hampshire – 0.6%** | **New Hampshire – 0.6%** |
|  New Hampshire Health and Education Facilities Authority Act<br> (Dartmouth-Hitchcock Obligated Group)<br>Series 2020-A<br>5.00%, 08/01/2059 | 2000 | 2182497 |
|  **New Jersey – 13.2%** | **New Jersey – 13.2%** | **New Jersey – 13.2%** |
|  City of Newark NJ<br>AGM Series 2020-A<br>5.00%, 10/01/2027 | 2200 | 2445097 |
|  Essex County Improvement Authority<br> (Friends of TEAM Academy Charter School Obligated Group)<br>Series 2021<br>4.00%, 06/15/2056 | 1000 | 863164 |
|  New Jersey Economic Development Authority<br>Series 2014-P<br>5.00%, 06/15/2031 (Pre-refunded/ETM) | 2500 | 2589326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B 5.50%, 06/15/2030 (Pre-refunded/ETM) | 5000 | 5617108 |
|  New Jersey Economic Development Authority<br> (NYNJ Link Borrower LLC)<br>Series 2013<br>5.125%, 01/01/2034 | 1000 | 1011683 |
|  New Jersey Health Care Facilities Financing Authority<br>Series 2017<br>5.00%, 10/01/2036 | 2500 | 2653392 |
|  New Jersey Health Care Facilities Financing Authority<br> (RWJ Barnabas Health Obligated Group)<br>Series 2014<br>5.00%, 07/01/2044 | 6450 | 6552667 |
|  New Jersey Transportation Trust Fund Authority<br>Series 2018-A<br>5.00%, 12/15/2033 | 3370 | 3719259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-B<br>4.00%, 06/15/2037 | 800 | 807610 |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Fed Hwy Grant)<br>Series 2016<br>5.00%, 06/15/2029 | 4750 | 5109460 |
|  South Jersey Transportation Authority<br>Series 2022<br>4.625%, 11/01/2047 | 1000 | 1017145 |
|  Tobacco Settlement Financing Corp/NJ<br>Series 2018-A<br>5.25%, 06/01/2046 | 8990 | 9392445 |
|  Township of West Orange/NJ<br>Series 2022-A<br>5.00%, 11/09/2023 | 6000 | 6112772 |
|  |  | 47891128 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **New York – 9.9%** | **New York – 9.9%** | **New York – 9.9%** |
|  Broome County Local Development Corp.<br> (United Health Services Hospitals Obligated Group)<br>AGM Series 2020<br>3.00%, 04/01/2045 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2377105 |
|  City of New York NY<br>Series 2020-J<br>5.00%, 08/01/2026 | 3150 | 3453867 |
|  Metropolitan Transportation Authority<br>Series 2014-B<br>5.25%, 11/15/2034 | 4000 | 4066842 |
|  New York City Municipal Water Finance Authority<br>Series 2013-D<br>5.00%, 06/15/2034 | 3600 | 3628354 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue<br>Series 2015A-1<br>5.00%, 08/01/2034 | 6000 | 6372314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2037 | 4000 | 4223298 |
|  New York State Thruway Authority<br> (State of New York Pers Income Tax)<br>Series 2022<br>4.125%, 03/15/2056 | 4000 | 3946926 |
|  Port Authority of New York & New Jersey<br>Series 2013-178<br>5.00%, 12/01/2032 | 4400 | 4465820 |
|  Ulster County Capital Resource Corp.<br> (Woodland Pond at New Paltz)<br>Series 2017<br>5.00%, 09/15/2037 | 490 | 405874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2042 | 205 | 166458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2047 | 355 | 276688 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 09/15/2053 | 760 | 571742 |
|  Westchester County Local Development Corp.<br> (Westchester County Health Care Corp. Obligated Group)<br>Series 2016<br>5.00%, 11/01/2046 | 2000 | 1938133 |
|  |  | 35893421 |
|  **North Carolina – 2.7%** | **North Carolina – 2.7%** | **North Carolina – 2.7%** |
|  North Carolina Medical Care Commission<br> (Vidant Health Obligated Group)<br>Series 2015<br>5.00%, 06/01/2045 | 4445 | 4491540 |
|  North Carolina Turnpike Authority<br>Series 2018<br>5.00%, 01/01/2040 | 5000 | 5275167 |
|  |  | 9766707 |
|  **Ohio – 3.6%** | **Ohio – 3.6%** | **Ohio – 3.6%** |
|  Buckeye Tobacco Settlement Financing Authority<br>Series 2020-A<br>3.00%, 06/01/2048 | 6700 | 5097418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/01/2048 | 2000 | 1838312 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  City of Chillicothe OH<br> (Adena Health System Obligated Group)<br>Series 2017<br>5.00%, 12/01/2047 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800 | $| 1813237 |
|  County of Cuyahoga OH<br> (MetroHealth System (The))<br>Series 2017<br>5.00%, 02/15/2042 |  | 1500 |  | 1518311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/15/2052 |  | 2240 |  | 2185929 |
|  Ohio Higher Educational Facility Commission (Kenyon College)<br>Series 2020<br>4.00%, 07/01/2040 |  | 730 |  | 730592 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13183799 |
|  **Oklahoma – 2.5%** | **Oklahoma – 2.5%** | **Oklahoma – 2.5%** | **Oklahoma – 2.5%** | **Oklahoma – 2.5%** |
|  Oklahoma City Airport Trust<br>Series 2018<br>5.00%, 07/01/2043 |  | 2000 |  | 2092114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2047 |  | 5000 |  | 5180472 |
|  Tulsa Airports Improvement Trust<br>BAM Series 2015-A<br>5.00%, 06/01/2045 (Pre-refunded/ETM) |  | 1700 |  | 1749986 |
|  |  |  |  | 9022572 |
|  **Pennsylvania – 12.2%** | **Pennsylvania – 12.2%** | **Pennsylvania – 12.2%** | **Pennsylvania – 12.2%** | **Pennsylvania – 12.2%** |
|  Allegheny County Hospital Development Authority<br> (Allegheny Health Network Obligated Group)<br>Series 2018-A<br>5.00%, 04/01/2047 |  | 5000 |  | 5140208 |
|  Berks County Municipal Authority (The)<br> (Tower Health Obligated Group)<br>Series 2020-B<br>5.00%, 02/01/2040 |  | 1000 |  | 904186 |
|  Bucks County Industrial Development Authority<br> (Grand View Hospital/Sellersville PA Obligated Group)<br>Series 2021<br>4.00%, 07/01/2051 |  | 2250 |  | 1729499 |
|  Chester County Industrial Development Authority<br> (Collegium Charter School)<br>Series 2022<br>6.00%, 10/15/2052<sup>(a)</sup> |  | 1000 |  | 1007203 |
|  Montgomery County Higher Education and Health Authority<br> (Thomas Jefferson University Obligated Group)<br>Series 2018<br>5.00%, 09/01/2043 |  | 6000 |  | 6238349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2048 |  | 7250 |  | 7481766 |
|  Pennsylvania Economic Development Financing Authority<br> (Commonwealth of Pennsylvania Department of Transportation)<br>AGM Series 2022<br>5.75%, 12/31/2062 |  | 7500 |  | 8236537 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Pennsylvania Economic Development Financing Authority<br> (PA Bridges Finco LP)<br>Series 2015<br>5.00%, 12/31/2034 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1270 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1297534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/31/2038 |  | 1940 |  | 1960113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/30/2042 |  | 6060 |  | 6079659 |
|  Pennsylvania Turnpike Commission<br>Series 2021-B<br>4.00%, 12/01/2043 |  | 3200 |  | 3219378 |
|  Scranton School District/PA<br>BAM Series 2017-E<br>4.00%, 12/01/2037 |  | 1025 |  | 1048286 |
|  |  |  |  | 44342718 |
|  **Puerto Rico – 0.2%** | **Puerto Rico – 0.2%** | **Puerto Rico – 0.2%** | **Puerto Rico – 0.2%** | **Puerto Rico – 0.2%** |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br>Series 2019-A<br>4.329%, 07/01/2040 |  | 615 |  | 588753 |
|  **South Carolina – 5.1%** | **South Carolina – 5.1%** | **South Carolina – 5.1%** | **South Carolina – 5.1%** | **South Carolina – 5.1%** |
|  South Carolina Jobs-Economic Development Authority<br> (Prisma Health Obligated Group)<br>Series 2018-A<br>5.00%, 05/01/2048 |  | 5900 |  | 6106364 |
|  South Carolina Ports Authority<br>Series 2015<br>5.00%, 07/01/2045 (Pre-refunded/ETM) |  | 5000 |  | 5246008 |
|  South Carolina Public Service Authority<br>Series 2016-B<br>5.00%, 12/01/2041 |  | 5000 |  | 5145686 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>3.00%, 12/01/2046 |  | 1132 |  | 881040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 12/01/2049 |  | 1566 |  | 1189119 |
|  |  |  |  | 18568217 |
|  **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 (The))<br>Series 2021<br>4.00%, 08/01/2061 |  | 1000 |  | 780809 |
|  **Tennessee – 0.1%** | **Tennessee – 0.1%** | **Tennessee – 0.1%** | **Tennessee – 0.1%** | **Tennessee – 0.1%** |
|  Chattanooga Health Educational & Housing Facility Board<br> (CommonSpirit Health)<br>Series 2019-A<br>4.00%, 08/01/2037 |  | 145 |  | 144766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 08/01/2038 |  | 275 |  | 273542 |
|  |  |  |  | 418308 |
|  **Texas – 8.9%** | **Texas – 8.9%** | **Texas – 8.9%** | **Texas – 8.9%** | **Texas – 8.9%** |
|  Arlington Higher Education Finance Corp.<br>Series 2014-A<br>5.00%, 08/15/2039 (Pre-refunded/ETM) |  | 2805 |  | 2911389 |
|  Baytown Municipal Development District<br> (Baytown Municipal Development District Hotel Occupancy Tax)<br>Series 2021<br>4.00%, 10/01/2050 |  | 2910 |  | 2461598 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  City of Austin TX Water & Wastewater System Revenue<br>Series 2013-A<br>5.00%, 11/15/2029 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5036261 |
|  City of El Paso TX<br>Series 2021-C<br>4.00%, 08/15/2047 |  | 10540 |  | 10433533 |
|  Decatur Hospital Authority<br>Series 2021<br>4.00%, 09/01/2044 |  | 2000 |  | 1691528 |
|  Hidalgo County Regional Mobility Authority<br>Series 2022-A<br>Zero Coupon, 12/01/2043 |  | 2000 |  | 696293 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2044 |  | 2420 |  | 799198 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/01/2045 |  | 3360 |  | 1052376 |
|  New Hope Cultural Education Facilities Finance Corp.<br> (CHF-Collegiate Housing Denton LLC)<br>AGM Series 2018-A1<br>5.00%, 07/01/2038 |  | 500 |  | 518466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2048 |  | 1100 |  | 1122285 |
|  State of Texas<br>Series 2014-A<br>5.00%, 10/01/2025 |  | 1220 |  | 1275187 |
|  Texas Private Activity Bond Surface Transportation Corp.<br> (NTE Mobility Partners Segments 3 LLC)<br>Series 2013<br>6.75%, 06/30/2043 |  | 3000 |  | 3045707 |
|  Texas Water Development Board<br> (State Water Implementation Revenue Fund for Texas)<br>Series 2022<br>5.00%, 10/15/2057 |  | 1000 |  | 1110342 |
|  |  |  |  | 32154163 |
|  **Utah – 2.0%** | **Utah – 2.0%** | **Utah – 2.0%** | **Utah – 2.0%** | **Utah – 2.0%** |
|  City of Salt Lake City UT Airport Revenue<br>Series 2017-A<br>5.00%, 07/01/2047 |  | 4500 |  | 4629634 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 07/01/2048 |  | 2500 |  | 2583884 |
|  |  |  |  | 7213518 |
|  **Virginia – 3.8%** | **Virginia – 3.8%** | **Virginia – 3.8%** | **Virginia – 3.8%** | **Virginia – 3.8%** |
|  Virginia Small Business Financing Authority<br> (95 Express Lanes LLC)<br>Series 2022<br>4.00%, 01/01/2048 |  | 5000 |  | 4524687 |
|  Virginia Small Business Financing Authority<br> (Elizabeth River Crossings OpCo LLC)<br>Series 2022<br>3.00%, 01/01/2041 |  | 11945 |  | 9457416 |
|  |  |  |  | 13982103 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Washington – 0.6%** | **Washington – 0.6%** | **Washington – 0.6%** |
|  County of King WA<br>Series 2021-A<br>5.00%, 12/01/2024 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1311265 |
|  King County Rural Library District<br>Series 2012<br>4.00%, 12/01/2023 | 825 | 836413 |
|  |  | 2147678 |
|  **West Virginia – 1.1%** | **West Virginia – 1.1%** | **West Virginia – 1.1%** |
|  West Virginia Hospital Finance Authority<br> (West Virginia United Health System Obligated Group)<br>Series 2018-A<br>5.00%, 06/01/2052 | 3875 | 3937921 |
|  **Wisconsin – 9.8%** | **Wisconsin – 9.8%** | **Wisconsin – 9.8%** |
|  Wisconsin Center District<br>AGM Series 2020-C<br>Zero Coupon, 12/15/2036 | 3100 | 1755618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/15/2038 | 3155 | 1612050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/15/2040 | 3300 | 1503815 |
|  Wisconsin Public Finance Authority<br> (CFC-SA LLC)<br>Series 2022<br>5.00%, 02/01/2062 | 10000 | 9556108 |
|  Wisconsin Public Finance Authority<br> (CHF - Wilmington LLC)<br>AGM Series 2018<br>5.00%, 07/01/2058 | 10000 | 10295913 |
|  Wisconsin Public Finance Authority<br> (Moses H Cone Memorial Hospital Obligated Group)<br>Series 2022-A<br>5.00%, 10/01/2052 | 5000 | 5314285 |
|  Wisconsin Public Finance Authority<br> (Queens University of Charlotte)<br>Series 2022<br>5.25%, 03/01/2047 | 2000 | 2049852 |
|  Wisconsin Public Finance Authority<br> (Roseman University of Health Sciences)<br>Series 2022<br>4.00%, 04/01/2052<sup>(a)</sup> | 3350 | 2564134 |
|  Wisconsin Public Finance Authority<br> (Southeastern Regional Medical Center Obligated Group)<br>Series 2021<br>4.00%, 02/01/2037 | 1055 | 1041294 |
|  |  | 35693069 |
|  Total Municipal Obligations <br>(cost $594,553,849) | Total Municipal Obligations <br>(cost $594,553,849) | 576831972 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.7%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.7%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.7%** |
|  **Agency CMBS – 0.8%** | **Agency CMBS – 0.8%** | **Agency CMBS – 0.8%** |
|  California Housing Finance Agency<br>Series 2019-2, Class A<br>4.00%, 03/20/2033 | 1117 | 1132464 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A<br>3.50%, 11/20/2035 | 973 | 942871 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Washington State Housing Finance Commission<br>Series 2021-1, Class A<br>3.50%, 12/20/2035 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;976 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;919698 |
|  |  | 2995033 |
|  **Non-Agency Fixed Rate CMBS – 1.9%** |  |  |
|  New Hampshire Business Finance Authority<br>Series 2020-1, Class A<br>4.125%, 01/20/2034 | 770 | 777928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-1, Class A<br>4.375%, 09/20/2036 | 2978 | 2985542 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class A<br>4.00%, 10/20/2036 | 2988 | 2895099 |
|  |  | 6658569 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $9,819,758) |  | 9653602 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 1.0%** |  |  |
|  **Investment Companies – 1.0%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.15%<sup>(c) (d) (e)</sup> <br>(cost $3,792,553) | 3792553 | 3792553 |
|  **Total Investments – 162.5%** <br> (cost $608,166,160)<sup>(f)</sup> |  | 590278127 |
|  Other assets less liabilities – (62.5)% |  | (227080820) |
|  **Net Assets – 100.0%** |  | $**363197307** |

---

*(a)* *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, 2023, the aggregate market value of these securities amounted to $11,397,142 or 3.1% of net assets.* 

*(b)* *Restricted and illiquid security.* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Plymouth Educational Center Charter School<br>Series 2005 <br>5.125%, 11/01/2023* | *11/30/2005* | $*2138219* | | $*1305400* | | *0.36%* |

---

*(c)* *Affiliated investments.* 

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

*(e)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov, or call AB at (800) 227-4618.* 

*(f)* *As of January 31, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $7,127,417 and gross unrealized depreciation of investments was $(25,015,450), resulting in net unrealized depreciation of $(17,888,033).* 

------

*As of January 31, 2023, 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 11.5% and 0.3%, respectively.* 

*Glossary:* 

*AGM – Assured Guaranty Municipal* 

*BAM – Build American Mutual* 

*ETM – Escrowed to Maturity* 

*OSF – Order of St. Francis* 

------

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

**January 31, 2023 (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;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&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;&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.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided 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, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Long-Term Municipal Bonds | $— | $576831972 | $— | $576831972 |
| Commercial Mortgage-Backed Securities |  | 9653602 |  | 9653602 |
| Short-Term Investments | 3792553 |  |  | 3792553 |
| **Liabilities:** |  |  |  |  |
| Variable Rate MuniFund Term Preferred Shares<sup>(a)</sup> |  | (232079123) |  | (232079123) |
| Total Investments in Securities | 3792553 | 354406451 |  | 358199004 |
| **Other Financial Instruments<sup>(b)</sup>** |  |  |  |  |
| **Total** | $**3792553** | $**354406451** | $**—** | $**358199004** |

---

*<sup>(a)</sup>* *The Fund may hold liabilities in which the fair value approximates the carrying amount for financial statement purposes.* 

*<sup>(b)</sup>* *Other financial instruments are derivative instruments, such as futures, forwards and swaps, which 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, 2023 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value**<br> **10/31/2022**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value**<br> **01/31/2023**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1218 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75446 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72871 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3793 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96 |

---

## 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:** 10105

  - **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:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $596485504.69

**Total Liabilities:** $233288197.42

**Net Assets:** $363197307.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -666.15000000 | **1-Year:** -1723.94000000 | **5-Year:** -8695.11000000 | **10-Year:** -4113.86000000 | **30-Year:** -6458.25000000

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

- **3-Month:** -761.95000000 | **1-Year:** -4445.35000000 | **5-Year:** -15564.58000000 | **10-Year:** -11068.42000000 | **30-Year:** -13001.72000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 7.00%                | -3.47%               | 8.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4127300.13             | $30071228.80                               |
| Month 2  | $-708646.12              | $-2359057.49                               |
| Month 3  | $290038.59               | $15572520.07                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| University of California                                                   | UNIV OF CALIFORNIA CA REVENUES                                   | CUSIP: 91412G5N1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2896847.99   | 0.80%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262078G2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1027407.04   | 0.28%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                    | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                           | CUSIP: 613603YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7481765.83   | 2.06%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                  | WISCONSIN CENTER DIST WI TAX REVENUE                             | CUSIP: 976595FT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $1503815.28   | 0.41%             | 2040-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262072R4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    160000 | PA      | $163045.86    | 0.04%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                              | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                         | CUSIP: 11861MBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1729498.95   | 0.48%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                | WASHINGTON ST HSG FIN COMMISSION                                 | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    975930 | PA      | $919698.25    | 0.25%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                     | IOWA ST FIN AUTH MIDWSTRN DISASTER AREA REVENUE                  | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5022799.50   | 1.38%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                       | COLORADO ST HLTH FACS AUTH REVENUE                               | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    705000 | PA      | $733922.34    | 0.20%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                 | MICHIGAN ST FIN AUTH REVENUE                                     | CUSIP: 59447PYS4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2282381.55   | 0.63%             | 2034-07-01      | 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      | $780809.40    | 0.21%             | 2061-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                    | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                        | CUSIP: 041806BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2911388.60   | 0.80%             | 2039-08-15      | 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      | $1305400.00   | 0.36%             | 2023-11-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                    | CUSIP: 592647DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051613.20   | 0.29%             | 2035-10-01      | 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      | $1838311.60   | 0.51%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                 | ALACHUA CNTY FL HLTH FACS AUTH                                   | CUSIP: 010685KF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4560000 | PA      | $4612923.82   | 1.27%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                                   | CUSIP: 20772JNP3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   7165000 | PA      | $7251874.19   | 2.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                    | CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD REVENUE                 | CUSIP: 162410EK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $273542.28    | 0.08%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                          | NEWARK NJ                                                        | CUSIP: 650367PP4<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2445096.50   | 0.67%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | ILLINOIS ST FIN AUTH HEALTH SVCS FACS LEASE REVENUE              | CUSIP: 452031AR8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3565000 | PA      | $2988880.67   | 0.82%             | 2055-10-01      | 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      | $962340.50    | 0.26%             | 2052-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 4521522K6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076830.70   | 0.30%             | 2027-10-01      | Fixed         | 5.00%                 | 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        |   6060000 | PA      | $6079659.25   | 1.67%             | 2042-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                           | SAINT JOHN THE BAPTIST PARISH LA REVENUE                         | CUSIP: 79020FAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $895051.05    | 0.25%             | 2037-06-01      | Floating      | 2.20%                 | 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      | $166458.48    | 0.05%             | 2042-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Lawrence KS                                                        | LAWRENCE KS HOSP REVENUE                                         | CUSIP: 520134FV4<br>LEI: 5493004LLF0HG6XS2E46 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5158019.50   | 1.42%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                     | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE               | CUSIP: 251135GR4<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3042614.36   | 0.84%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                      | ILLINOIS ST TOLL HIGHWAY AUTH                                    | CUSIP: 452252LE7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3147582.00   | 0.87%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                          | CUSIP: 6461365J6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    800000 | PA      | $807609.60    | 0.22%             | 2037-06-15      | Fixed         | 4.00%                 | 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        |   3792553 | NS      | $3792553.11   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $516954.20    | 0.14%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262077H1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    425000 | PA      | $381294.28    | 0.10%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262072T0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166712.04    | 0.05%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 452152WX5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1683523.76   | 0.46%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                     | CUSIP: 167593X80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6045547.20   | 1.66%             | 2053-01-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                          | NORTH CAROLINA ST TURNPIKE AUTH                                  | CUSIP: 65830RCK3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5275167.00   | 1.45%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                  | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                       | CUSIP: 95737TCD6<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1938133.20   | 0.53%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                  | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                       | CUSIP: 010869JQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $4977454.00   | 1.37%             | 2050-10-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                            | ALLEGHENY CNTY PA HOSP DEV AUTH                                  | CUSIP: 01728A4A1<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5140208.00   | 1.42%             | 2047-04-01      | Fixed         | 5.00%                 | 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      | $405873.81    | 0.11%             | 2037-09-15      | Fixed         | 5.00%                 | 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      | $881040.47    | 0.24%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | NEW JERSEY ST ECON DEV AUTH REVENUE                              | CUSIP: 6459186D0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2589326.50   | 0.71%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                      | CUYAHOGA CNTY OH HOSP REVENUE                                    | CUSIP: 2322655Q7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1518310.50   | 0.42%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                   | MET PIER & EXPOSITION AUTH IL REVENUE                            | CUSIP: 592250DM3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   8755000 | PA      | $8886306.61   | 2.45%             | 2050-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                   | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD     | CUSIP: 04052FBV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2571995.27   | 0.71%             | 2050-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                        | HAWAII CNTY HI                                                   | CUSIP: 419722L68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2233656.40   | 0.61%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District/PA                                                | SCRANTON PA SCH DIST                                             | CUSIP: 810827XJ9<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1048286.16   | 0.29%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                            | KENTUCKY ST ECON DEV FIN AUTH                                    | CUSIP: 49126PGE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $150948.57    | 0.04%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ramsey MN                                                          | RAMSEY MN CHRT SCH LEASE REVENUE                                 | CUSIP: 751814AA2<br>LEI: 549300PYUDKBK3S78343 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001005.80   | 0.28%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                 | BREVARD CNTY FL HLTH FACS AUTH HLTH CARE FACS REVENUE            | CUSIP: 10741LDJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022719.50   | 0.28%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue               | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                  | CUSIP: 544525SH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3879047.04   | 1.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                    | PORT AUTH OF NEW YORK & NEW JERSEY NY                            | CUSIP: 73358WPZ1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4465820.48   | 1.23%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chillicothe OH                                                     | CHILLICOTHE OH HOSP FACS REVENUE                                 | CUSIP: 169203AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1813237.38   | 0.50%             | 2047-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Elk Grove Village IL                                            | ELK GROVE VLG IL                                                 | CUSIP: 287299LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1163038.15   | 0.32%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                     | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE     | CUSIP: 65821DSN2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4491540.04   | 1.24%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                           | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                     | CUSIP: 34061UFY9<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2422200.25   | 0.67%             | 2055-06-15      | Fixed         | 5.00%                 | 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      | $276687.99    | 0.08%             | 2047-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                           | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE             | CUSIP: 650028ZR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3946925.60   | 1.09%             | 2056-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Iowa Tobacco Settlement Authority                                          | TOBACCO SETTLEMENT AUTH IA TOBACCO SETTLEMENT REVENUE            | CUSIP: 888805CF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $911747.60    | 0.25%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                  | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE                  | CUSIP: 79575EAJ7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2697778.70   | 0.74%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Halifax Hospital Medical Center                                            | HALIFAX FL HOSP MED CTR                                          | CUSIP: 405815HX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2817620.34   | 0.78%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                          | CALIFORNIA HSG FIN AGY MUNI CTFS                                 | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    973135 | PA      | $942871.24    | 0.26%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 626207Z56<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    635000 | PA      | $650714.60    | 0.18%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                          | DENVER CITY & CNTY CO ARPT REVENUE                               | CUSIP: 249182JF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6680000 | PA      | $6830762.92   | 1.88%             | 2031-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Baytown Municipal Development District                                     | BAYTOWN MUNI DEV DIST TX                                         | CUSIP: 073201AB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2461598.10   | 0.68%             | 2050-10-01      | Fixed         | 4.00%                 | 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      | $571741.84    | 0.16%             | 2053-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262072P8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104098.05    | 0.03%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 452152YG0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1323865.53   | 0.36%             | 2030-05-01      | Fixed         | 5.00%                 | 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      | $1211073.00   | 0.33%             | 2049-07-01      | Fixed         | 4.00%                 | 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      | $1189118.92   | 0.33%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                            | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE         | CUSIP: 64972GBW3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3628354.32   | 1.00%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                     | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                | CUSIP: 74529JRJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $71799.20     | 0.02%             | 2040-07-01      | Fixed         | 4.33%                 | 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      | $799197.98    | 0.22%             | 2044-12-01      | None          | 0.00%                 | 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        |   2000000 | PA      | $2003517.80   | 0.55%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                       | DIST OF COLUMBIA                                                 | CUSIP: 25476FMK1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5041669.50   | 1.39%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 4521525R8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3595000 | PA      | $3556151.71   | 0.98%             | 2036-11-01      | 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        |   2000000 | PA      | $2049852.40   | 0.56%             | 2047-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                            | LAS VEGAS VLY NV WTR DIST                                        | CUSIP: 517845NQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8645000 | PA      | $8538652.67   | 2.35%             | 2051-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                          | CALIFORNIA HSG FIN AGY MUNI CTFS                                 | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1117379 | PA      | $1132463.64   | 0.31%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Ports Authority                                             | SOUTH CAROLINA ST PORTS AUTH PORTS REVENUE                       | CUSIP: 837123GP7<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5246008.50   | 1.44%             | 2045-07-01      | 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        |  10000000 | PA      | $9556108.00   | 2.63%             | 2062-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                      | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                   | CUSIP: 64579F6U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6450000 | PA      | $6552666.59   | 1.80%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                     | CUSIP: 928104PX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4524687.00   | 1.25%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                     | CUSIP: 167593F64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6717840.35   | 1.85%             | 2042-01-01      | Fixed         | 5.00%                 | 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      | $2038251.60   | 0.56%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                  | ATLANTA GA ARPT REVENUE                                          | CUSIP: 04780MTL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1305535.10   | 0.36%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX                                                         | EL PASO TX                                                       | CUSIP: 2837345U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10540000 | PA      | $10433533.35  | 2.87%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Broome County Local Development Corp                                       | BROOME CNTY NY LOCAL DEV CORP REVENUE                            | CUSIP: 114731AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2377104.60   | 0.65%             | 2045-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                   | PUBLIC FIN AUTH WI HOSP REVENUE                                  | CUSIP: 74442CDL5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1041293.97   | 0.29%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                    | MIAMI-DADE CNTY FL                                               | CUSIP: 59333FJ35<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   6355000 | PA      | $6336507.59   | 1.74%             | 2050-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                   | PUBLIC FIN AUTH WI HLTHCARE SYS REVENUE                          | CUSIP: 74447GAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5314284.50   | 1.46%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Airports Improvement Trust                                           | TULSA OK ARPTS IMPT TRUST                                        | CUSIP: 899647PT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1749986.29   | 0.48%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                   | PUBLIC FIN AUTH WI REVENUE                                       | CUSIP: 74442PVV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3350000 | PA      | $2564134.22   | 0.71%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                    | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE       | CUSIP: 882667AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3045706.80   | 0.84%             | 2043-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                        | NEW HOPE CULTURAL EDU FACS FIN CORP TX CAPITAL IMPT REVENUE      | CUSIP: 64542YAL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1122285.34   | 0.31%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duluth Economic Development Authority                                      | DULUTH MN ECON DEV AUTH HLTH CARE FACS REVENUE                   | CUSIP: 26444CHG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6158389.80   | 1.70%             | 2058-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                            | CHESTER CNTY PA INDL DEV AUTH                                    | CUSIP: 165588FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007202.80   | 0.28%             | 2052-10-15      | Fixed         | 6.00%                 | 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      | $2219966.20   | 0.61%             | 2058-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                   | NATIONAL FIN AUTH NH MUNI CTFS                                   | CUSIP: 63607WAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2978370 | PA      | $2985541.54   | 0.82%             | 2036-09-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | ILLINOIS ST FIN AUTH REVENUE                                     | CUSIP: 45203H5F5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4539374.10   | 1.25%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 452152YC9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1168180.70   | 0.32%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                   | PUBLIC FIN AUTH WI STUDENT HSG REVENUE                           | CUSIP: 74439YBG5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10295913.00  | 2.83%             | 2058-07-01      | Fixed         | 5.00%                 | 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      | $8236536.75   | 2.27%             | 2062-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                    | CUSIP: 13063DTB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2187066.60   | 0.60%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Augusta Development Authority                                              | AUGUSTA GA DEV AUTH REVENUE                                      | CUSIP: 05115CAP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $3956917.17   | 1.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                             | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                          | CUSIP: 118217CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $5097418.29   | 1.40%             | 2048-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                 | ILLINOIS ST FIN AUTH REVENUE                                     | CUSIP: 45204FNP6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4114620.53   | 1.13%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 452152VM0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2418625.92   | 0.67%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                     | CUSIP: 928104NZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11945000 | PA      | $9457415.53   | 2.60%             | 2041-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                      | CUSIP: 20774Y2C0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2517043.28   | 0.69%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                         | ESSEX CNTY NJ IMPT AUTH CHRT SCH REVENUE                         | CUSIP: 29681CBH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $863163.90    | 0.24%             | 2056-06-15      | Fixed         | 4.00%                 | 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      | $812981.36    | 0.22%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County Rural Library District                                         | KING CNTY WA RURAL LIBRARY DIST                                  | CUSIP: 494800GK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $836413.22    | 0.23%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                    | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                           | CUSIP: 613603YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6238349.40   | 1.72%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                   | NATIONAL FIN AUTH NH MUNI CTFS                                   | CUSIP: 63607WAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770014 | PA      | $777928.52    | 0.21%             | 2034-01-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                 | MICHIGAN ST FIN AUTH REVENUE                                     | CUSIP: 59447PD24<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1284764.38   | 0.35%             | 2035-07-01      | 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      | $518466.15    | 0.14%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                              | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE                   | CUSIP: 69651ABL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $6315233.60   | 1.74%             | 2044-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                              | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND             | CUSIP: 88285ABK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110341.80   | 0.31%             | 2057-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of West Orange/NJ                                                 | WEST ORANGE TWP NJ                                               | CUSIP: 954898KE1<br>LEI: 5493007B4WXJQ9BWBE35 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6112771.80   | 1.68%             | 2023-11-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GA                                             | CUSIP: 62620HAW2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    850000 | PA      | $801721.53    | 0.22%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                      | NEW JERSEY ST HLTH CARE FACS FING AUTH ST CONTRACT               | CUSIP: 64580ABY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2653392.50   | 0.73%             | 2036-10-01      | 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      | $2166818.80   | 0.60%             | 2057-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262077J7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    650000 | PA      | $660246.34    | 0.18%             | 2056-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                      | CUYAHOGA CNTY OH HOSP REVENUE                                    | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2185929.31   | 0.60%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX                 | CUSIP: 5447126E7<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1787998.25   | 0.49%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $963820.90    | 0.27%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                    | LOS ANGELES CA DEPT WTR & PWR REVENUE                            | CUSIP: 544495A46<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10102932.00  | 2.78%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                       | ROCHESTER MN HLTH CARE FACS REVENUE                              | CUSIP: 771902HF3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011509.80   | 0.83%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5362914.50   | 1.48%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                    | MUNI ELEC AUTH OF GEORGIA                                        | CUSIP: 6262077G3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    330000 | PA      | $303306.10    | 0.08%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Board of Education/AL                                     | JEFFERSON CNTY AL BRD OF EDU PUBLIC SCH WARRANTS                 | CUSIP: 472649AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10598305.00  | 2.92%             | 2046-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                           | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE      | CUSIP: 13054WAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3083143.83   | 0.85%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma City Airport Trust                                                | OKLAHOMA CITY OK ARPT TRUST                                      | CUSIP: 6785354D4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5180472.00   | 1.43%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Decatur Hospital Authority                                                 | DECATUR TX HOSP AUTH                                             | CUSIP: 243323CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1691528.40   | 0.47%             | 2044-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                   | ARIZONA ST INDL DEV AUTH NATIONAL CHRT SCH REVOLVING LOAN FD     | CUSIP: 04052FBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1017852.55   | 0.28%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                     | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE               | CUSIP: 251135GS2<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10074882.00  | 2.77%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                   | CUSIP: 64971WWP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4223298.00   | 1.16%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                     | CALIFORNIA ST STWD CMNTYS DEVAUTH STUDENT HSG REVENUE            | CUSIP: 13078RJE1<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   9895000 | PA      | $7651877.71   | 2.11%             | 2054-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                    | CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD REVENUE                 | CUSIP: 162410EJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144765.56    | 0.04%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Detroit City School District                                               | DETROIT MI CITY SCH DIST                                         | CUSIP: 251129ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9660000 | PA      | $10790323.36  | 2.97%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                         | LOUISIANA ST                                                     | CUSIP: 5464152U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1765308.43   | 0.49%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                  | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                 | CUSIP: 574218YA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6725000 | PA      | $6791837.09   | 1.87%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                 | HIDALGO CNTY TX REGL MOBILITY AUTH TOLL & VEHICLE REGISTRATI     | CUSIP: 42934AAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $696292.60    | 0.19%             | 2043-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                      | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                       | CUSIP: 70869PJY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1960112.76   | 0.54%             | 2038-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                         | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE                | CUSIP: 83703FLP5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5900000 | PA      | $6106363.71   | 1.68%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                          | CUSIP: 6461362D2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5109460.05   | 1.41%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Putnam County Development Authority/FL                                     | PUTNAM CNTY FL DEV AUTH                                          | CUSIP: 746507AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4887245.70   | 1.35%             | 2042-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                              | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                    | CUSIP: 154871CP0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10506757.00  | 2.89%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                      | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                       | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1297533.85   | 0.36%             | 2034-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                       | CONNECTICUT ST                                                   | CUSIP: 20772JPL0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4868606.88   | 1.34%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berks County Municipal Authority/The                                       | BERKS CNTY PA MUNI AUTH                                          | CUSIP: 084538JB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904186.00    | 0.25%             | 2040-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                    | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                        | CUSIP: 837151RR2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5145685.50   | 1.42%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                   | NATIONAL FIN AUTH NH MUNI CTFS                                   | CUSIP: 63607WAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2988037 | PA      | $2895099.07   | 0.80%             | 2036-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                             | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                          | CUSIP: 6461364E8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3370000 | PA      | $3719259.05   | 1.02%             | 2033-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                   | WEST VIRGINIA ST HOSP FIN AUTH                                   | CUSIP: 956622P24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $3937920.70   | 1.08%             | 2052-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                          | KING CNTY WA                                                     | CUSIP: 49474FYA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1311264.50   | 0.36%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                   | MASSACHUSETTS ST DEV FIN AGY REVENUE                             | CUSIP: 57584YN39<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $763334.80    | 0.21%             | 2050-07-01      | Fixed         | 4.00%                 | 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      | $1052376.19   | 0.29%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                     | CUSIP: 167593VV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2456969.65   | 0.68%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                             | TEXAS ST                                                         | CUSIP: 882723SQ3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1275186.82   | 0.35%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                    | HAWAII ST ARPTS SYS REVENUE                                      | CUSIP: 419794ZL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2550042.00   | 0.70%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                  | WISCONSIN CENTER DIST WI TAX REVENUE                             | CUSIP: 976595FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3155000 | PA      | $1612049.46   | 0.44%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                | OHIO ST HGR EDUCTNL FAC COMMISSION                               | CUSIP: 67756DUL8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    730000 | PA      | $730591.81    | 0.20%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                        | AUSTIN TX WTR & WSTWTR SYS REVENUE                               | CUSIP: 052476C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5036260.50   | 1.39%             | 2029-11-15      | Fixed         | 5.00%                 | 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      | $2930035.50   | 0.81%             | 2057-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                          | TOBACCO SETTLEMENT FING CORP NJ                                  | CUSIP: 888808HR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8990000 | PA      | $9392445.44   | 2.59%             | 2046-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                           | SAINT JOHN THE BAPTIST PARISH LA REVENUE                         | CUSIP: 79020FAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $230116.42    | 0.06%             | 2037-06-01      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| Sumter County Industrial Development Authority/AL                          | SUMTER CNTY AL INDL DEV AUTH EXEMPT FACS REVENUE                 | CUSIP: 86651LAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1283470.86   | 0.35%             | 2052-07-15      | Floating      | 6.00%                 | 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      | $1011682.90   | 0.28%             | 2034-01-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                           | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE             | CUSIP: 709225DB9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3219377.92   | 0.89%             | 2043-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                        | CALIFORNIA ST                                                    | CUSIP: 13063CGB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5905655.12   | 1.63%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                      | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE                 | CUSIP: 838536MP2<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017144.80   | 0.28%             | 2047-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Oklahoma City Airport Trust                                                | OKLAHOMA CITY OK ARPT TRUST                                      | CUSIP: 6785354C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092113.60   | 0.58%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financial Authority                  | FLORIDA ST HGR EDUCTNL FACS FINANCIAL AUTH REVENUE               | CUSIP: 34073TKA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015650.40   | 0.28%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                      | MET TRANSPRTN AUTH NY REVENUE                                    | CUSIP: 59259YV89<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4066842.40   | 1.12%             | 2034-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Center District                                                  | WISCONSIN CENTER DIST WI TAX REVENUE                             | CUSIP: 976595FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $1755618.35   | 0.48%             | 2036-12-15      | None          | 0.00%                 | 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      | $2644438.88   | 0.73%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue    | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                   | CUSIP: 64971WVY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6372313.80   | 1.75%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                          | ILLINOIS ST                                                      | CUSIP: 4521525S6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3784781.93   | 1.04%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                       | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                     | CUSIP: 167593UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8318754.40   | 2.29%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                  | NEW JERSEY ST ECON DEV AUTH REVENUE                              | CUSIP: 64577BTQ7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5617108.50   | 1.55%             | 2030-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                  | SALT LAKE CITY UT ARPT REVENUE                                   | CUSIP: 795576FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4629634.65   | 1.27%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                        | NEW YORK NY                                                      | CUSIP: 64966QQZ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   3150000 | PA      | $3453866.64   | 0.95%             | 2026-08-01      | Fixed         | 5.00%                 | 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      | $2182496.60   | 0.60%             | 2059-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                  | SALT LAKE CITY UT ARPT REVENUE                                   | CUSIP: 795576HL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2583883.75   | 0.71%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

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

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer