AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
28 November 2023 - 10:06PM
PR Newswire (US)
NEW
YORK, Nov. 28, 2023 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc.[NYSE:
AFB] (the "Fund") today released its monthly portfolio update
as of October 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) City of New Orleans
LA Series 2021-A 5.00%, 12/01/46
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2.79 %
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2) Melissa Independent
School District Series 2023 4.25%, 02/01/53
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2.03 %
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3) Denton Independent
School District Series 2023 5.00%, 08/15/48
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1.89 %
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4) Commonwealth of
Massachusetts Series 2023 5.00%, 05/01/53
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1.88 %
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5) City of New York NY
Series 2023 4.125%, 08/01/53
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1.78 %
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6) Detroit City School
District Series 2001-A 6.00%, 05/01/29
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1.75 %
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7) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
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1.74 %
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8) Detroit Downtown
Development Authority Series 2018-A 5.00%, 07/01/48
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1.73 %
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9) Tobacco Settlement
Financing Corp./NJ Series 2018-A 5.25%, 06/01/46
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1.64 %
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10) City of El Paso TX
Series 2021-C 4.00%, 08/15/47
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1.60 %
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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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14.52 %
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Revenue -
Miscellaneous
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7.61 %
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Airport
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7.41 %
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Prepay
Energy
|
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5.75 %
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Toll
Roads/Transit
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4.82 %
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Higher Education -
Private
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3.29 %
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Electric
Utility
|
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3.24 %
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Industrial Development
- Industry
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2.81 %
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Tobacco
Securitization
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2.09 %
|
Primary/Secondary Ed. -
Public
|
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1.75 %
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Port
|
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0.86 %
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Industrial Development
- Utility
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0.56 %
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Water &
Sewer
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0.42 %
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Senior
Living
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0.23 %
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SUBTOTAL
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55.36 %
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Tax
Supported
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Local G.O.
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18.07 %
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State G.O.
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7.93 %
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Special Tax
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7.68 %
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State Lease
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0.61 %
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Assessment
District
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0.18 %
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SUBTOTAL
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34.47 %
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Insured/Guaranteed
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Guaranteed
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4.38 %
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SUBTOTAL
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4.38 %
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Commercial
Mortgage-Backed Securities
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2.24 %
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Cash & Cash
Equivalents
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Funds and Investment
Trusts
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1.81 %
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SUBTOTAL
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1.81 %
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Prerefunded/ETM
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1.74 %
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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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Texas
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10.17 %
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Illinois
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10.08 %
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New York
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7.09 %
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California
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6.92 %
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Michigan
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6.77 %
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Florida
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5.89 %
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Wisconsin
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5.62 %
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New Jersey
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5.15 %
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Pennsylvania
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4.94 %
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South
Carolina
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3.20 %
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Louisiana
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3.00 %
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Massachusetts
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2.85 %
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Arizona
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2.44 %
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Georgia
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2.33 %
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New
Hampshire
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2.05 %
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Washington
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1.91 %
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Ohio
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1.90 %
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Nebraska
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1.67 %
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Minnesota
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1.58 %
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Oklahoma
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1.55 %
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North
Carolina
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1.53 %
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Nevada
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1.47 %
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Virginia
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1.39 %
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Colorado
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1.37 %
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Utah
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1.25 %
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Iowa
|
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0.98 %
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West
Virginia
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0.68 %
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Indiana
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0.45 %
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Maryland
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0.39 %
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Arkansas
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0.36 %
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North Dakota
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0.35 %
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Oregon
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0.19 %
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Connecticut
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0.18 %
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Alabama
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0.16 %
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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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1.81 %
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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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7.89 %
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AA
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32.41 %
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A
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32.67 %
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BBB
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18.17 %
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BB
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3.59 %
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B
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0.57 %
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CCC
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0.12 %
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D
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0.24 %
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Not Rated
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0.79 %
|
Pre-refunded
Bonds
|
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1.74 %
|
Short Term
Investments
|
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1.81 %
|
Total
|
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100.00 %
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Bonds by
Maturity
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Portfolio
%
|
Less than 1
Year
|
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3.49 %
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1 To 5 Years
|
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1.33 %
|
5 To 10
Years
|
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9.97 %
|
10 To 20
Years
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22.45 %
|
20 To 30
Years
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49.89 %
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More than 30
Years
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12.87 %
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Other
|
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0.00 %
|
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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13.71 %
|
Average
Coupon:
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4.47 %
|
Percentage of
Leverage:
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Bank
Borrowing:
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0.00 %
|
Investment
Operations:
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0.00 %
|
Auction Preferred
Shares (APS):
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0.00 %
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Tender Option
Bonds:
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0.00 %
|
VMTP Shares:
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43.25 %
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Total Fund
Leverage:
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43.25%*
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Average
Maturity:
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16.99
Years
|
Effective
Duration:
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10.54
Years
|
Total Net
Assets:
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$311.65
Million**
|
Common Stock
Net Asset Value:
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$10.84
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Total Number of
Holdings:
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176
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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, 43.25%
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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.
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** The Fund also had
outstanding $232,125,000 of VMTPs at liquidation value, which is
not included
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in Total Net Assets
because it is treated as a liability for financial reporting
purposes.
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The foregoing portfolio
characteristics are as of the date indicated and can be expected to
change. The
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Fund is a closed-end
U.S.-registered management investment company advised by
AllianceBernstein L. P.
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View original
content:https://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-inc-releases-monthly-portfolio-update-301999627.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.
Copyright 2023 PR Newswire
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