NEW
YORK, Aug. 29, 2023 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB]
(the "Fund") today released its monthly portfolio update as of
July 31, 2023.
AllianceBernstein
National Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) Jefferson County
Board of Education/AL Series 2018 5.00%, 02/01/46
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1.78 %
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2) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
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1.76 %
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3) City of El Paso TX
Series 2021-C 4.00%, 08/15/47
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1.76 %
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4) Detroit Downtown
Development Authority Series 2018-A 5.00%, 07/01/48
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1.72 %
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5) Detroit City School
District Series 2001-A 6.00%, 05/01/29
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1.68 %
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6) Wisconsin Public
Finance Authority Series 2022 5.00%, 02/01/62
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1.68 %
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7) Tobacco Settlement
Financing Corp./NJ Series 2018-A 5.25%, 06/01/46
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1.60 %
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8) Virginia Small
Business Financing Authority Series 2022 3.00%, 01/01/41
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1.59 %
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9) Metropolitan Pier
& Exposition Authority Series 2020 5.00%, 06/15/50
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1.52 %
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10) Pennsylvania
Economic Development Financing Authority Series 2022 5.75%,
12/31/62
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1.43 %
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Health Care -
Not-for-Profit
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19.19 %
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Airport
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9.90 %
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Revenue -
Miscellaneous
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7.85 %
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Toll
Roads/Transit
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6.29 %
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Higher Education -
Private
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2.96 %
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Tobacco
Securitization
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2.95 %
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Electric
Utility
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2.73 %
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Industrial Development
- Industry
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2.70 %
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Prepay
Energy
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2.41 %
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Primary/Secondary Ed. -
Public
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2.32 %
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Port
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0.87 %
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Industrial Development
- Utility
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0.53 %
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Water &
Sewer
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0.40 %
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Senior
Living
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0.23 %
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SUBTOTAL
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61.33 %
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Tax
Supported
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Special Tax
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9.71 %
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Local G.O.
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9.61 %
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State G.O.
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5.36 %
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State Lease
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1.22 %
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SUBTOTAL
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25.90 %
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Cash & Cash
Equivalents
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Funds and Investment
Trusts
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5.84 %
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SUBTOTAL
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5.84 %
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Prerefunded/ETM
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4.34 %
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Commercial
Mortgage-Backed Securities
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1.61 %
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Insured/Guaranteed
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Guaranteed
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0.50 %
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SUBTOTAL
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0.50 %
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Asset-Backed
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Housing -
Multi-Family
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0.48 %
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SUBTOTAL
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0.48 %
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Total
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100.00 %
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State Breakdown
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Portfolio %
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Illinois
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11.69 %
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New Jersey
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8.07 %
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Pennsylvania
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7.52 %
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Wisconsin
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6.12 %
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Florida
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5.50 %
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California
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5.16 %
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Michigan
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5.13 %
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New York
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5.09 %
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Texas
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5.03 %
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South
Carolina
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3.11 %
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North
Carolina
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2.38 %
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Virginia
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2.35 %
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Ohio
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2.26 %
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Arizona
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1.96 %
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Alabama
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1.94 %
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Georgia
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1.80 %
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Minnesota
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1.70 %
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Maryland
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1.55 %
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Oklahoma
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1.52 %
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New
Hampshire
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1.48 %
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Connecticut
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1.44 %
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Nevada
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1.43 %
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Colorado
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1.28 %
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Utah
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1.23 %
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Iowa
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1.02 %
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Nebraska
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0.89 %
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Kansas
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0.87 %
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Hawaii
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0.80 %
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West
Virginia
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0.68 %
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Washington
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0.51 %
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Louisiana
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0.49 %
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Indiana
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0.48 %
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Arkansas
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0.35 %
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Oregon
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0.21 %
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District of
Columbia
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0.18 %
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Massachusetts
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0.13 %
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South Dakota
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0.13 %
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Puerto Rico
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0.10 %
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Tennessee
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0.07 %
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Kentucky
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0.03 %
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Other
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6.32 %
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Total
Investments
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100.00 %
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Credit Quality Breakdown
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Portfolio %
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AAA
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2.89 %
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AA
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28.95 %
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A
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33.14 %
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BBB
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19.83 %
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BB
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2.45 %
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B
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0.98 %
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D
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0.22 %
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Not Rated
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0.33 %
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Pre-refunded
Bonds
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4.34 %
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Short Term
Investments
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6.87 %
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Total
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100.00 %
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Bonds by Maturity
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Portfolio %
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Less than 1
Year
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9.25 %
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1 To 5 Years
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5.21 %
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5 To 10
Years
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8.20 %
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10 To 20
Years
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26.36 %
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20 To 30
Years
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39.03 %
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More than 30
Years
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11.95 %
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Other
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0.00 %
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Total Net
Assets
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100.00 %
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Portfolio Statistics:
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AMT Percent:
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15.69 %
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Average
Coupon:
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4.20 %
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Percentage of
Leverage:
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Bank
Borrowing:
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0.00 %
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Investment
Operations:
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0.00 %
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Auction Preferred
Shares (APS):
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0.00 %
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Tender Option
Bonds:
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0.00 %
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VMTP Shares:
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39.82 %
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Total Fund
Leverage:
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39.82%*
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Average
Maturity:
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9.19 Years
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Effective
Duration:
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6.58 Years
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Total Net
Assets:
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$355.62
Million**
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Common Stock
Net Asset Value:
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$12.37
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Total Number of
Holdings:
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184
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Portfolio
Turnover:
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18.00 %
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* The total percentage of leverage constitutes 0.00% through the
use of tender option bonds, 39.82% in issued and outstanding VMTPs
and 0.00% in investment operations, which may include the use of
certain portfolio management techniques such as credit default
swaps, dollar rolls, negative cash, reverse repurchase agreements
and when-issued securities.
** The Fund also had outstanding $232,125,000 of VMTPs at liquidation value,
which is not included in Total Net Assets because it is treated as
a liability for financial reporting purposes.
The foregoing portfolio characteristics are as of the date
indicated and can be expected to change. The Fund is a closed-end
U.S.-registered management investment company advised by
AllianceBernstein L. P.
View original
content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-301913017.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.