AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update
September 27 2022 - 3:06PM
PR Newswire (US)
NEW
YORK, Sept. 27, 2022 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB]
(the "Fund") today released its monthly portfolio update as of
August 31, 2022.
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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) Metropolitan
Transportation Authority Series 2016-2 5.25%, 11/15/35
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2.52 %
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2) State of Connecticut
Special Tax Revenue Series 2012-A 5.00%, 01/01/29
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2.27 %
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3) Jefferson County
Board of Education/AL Series 2018 5.00%, 02/01/46
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1.73 %
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4) Central Plains
Energy Project Series 2017-A 5.00%, 09/01/42
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1.71 %
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5) Detroit Downtown
Development Authority Series 2018-A 5.00%, 07/01/48
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1.68 %
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6) Wisconsin Public
Finance Authority Series 2018 5.00%, 07/01/58
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1.68 %
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7) Wisconsin Public
Finance Authority Series 2022 5.00%, 02/01/62
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1.67 %
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8) Los Angeles
Department of Water & Power Power System Revenue Series 2013-B
5.00%, 07/01/30
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1.66 %
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9) Miami Beach Health
Facilities Authority Series 2014 5.00%, 11/15/39
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1.53 %
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10) Virginia Small
Business Financing Authority Series 2022 3.00%, 01/01/41
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1.51 %
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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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22.37 %
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Toll
Roads/Transit
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8.09 %
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Airport
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7.80 %
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Revenue -
Miscellaneous
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5.80 %
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Electric
Utility
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5.30 %
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Higher Education -
Private
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2.88 %
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Industrial Development
- Industry
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2.85 %
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Tobacco
Securitization
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2.76 %
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Prepay
Energy
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2.56 %
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Water &
Sewer
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2.27 %
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Primary/Secondary Ed. -
Public
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1.54 %
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Port
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1.51 %
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Industrial Development
- Utility
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0.50 %
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Higher Education -
Public
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0.48 %
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Senior
Living
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0.24 %
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SUBTOTAL
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66.95 %
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Tax
Supported
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Special Tax
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16.74 %
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State G.O.
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7.99 %
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Local G.O.
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1.87 %
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State Lease
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1.14 %
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SUBTOTAL
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27.74 %
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Prerefunded/ETM
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4.04 %
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Commercial
Mortgage-Backed Securities
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0.92 %
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Cash & Cash
Equivalents
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Funds and Investment
Trusts
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0.20 %
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SUBTOTAL
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0.20 %
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Asset-Backed
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Housing -
Multi-Family
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0.15 %
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SUBTOTAL
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0.15 %
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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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11.70 %
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California
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10.52 %
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New York
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8.70 %
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Pennsylvania
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7.73 %
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New Jersey
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6.20 %
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Wisconsin
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6.19 %
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Florida
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5.47 %
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Connecticut
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4.86 %
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Texas
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3.92 %
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South
Carolina
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3.03 %
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Michigan
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2.99 %
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Alabama
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2.64 %
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Virginia
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2.22 %
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Ohio
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2.13 %
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Colorado
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1.85 %
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Oklahoma
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1.72 %
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Nebraska
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1.71 %
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Georgia
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1.68 %
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North
Carolina
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1.58 %
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Minnesota
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1.46 %
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Tennessee
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1.45 %
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Arizona
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1.41 %
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Utah
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1.17 %
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Maryland
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1.10 %
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District of
Columbia
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1.00 %
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Iowa
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0.97 %
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Kansas
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0.83 %
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West
Virginia
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0.65 %
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New
Hampshire
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0.59 %
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Puerto Rico
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0.51 %
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Indiana
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0.46 %
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Hawaii
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0.42 %
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Arkansas
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0.33 %
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Louisiana
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0.18 %
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Washington
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0.15 %
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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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Kentucky
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0.02 %
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Other
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0.20 %
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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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4.75 %
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AA
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29.74 %
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A
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33.38 %
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BBB
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23.81 %
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BB
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3.12 %
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D
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0.21 %
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Not Rated
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0.75 %
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Pre-refunded
Bonds
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4.04 %
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Short Term
Investments
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0.20 %
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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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0.46 %
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1 To 5 Years
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5.87 %
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5 To 10
Years
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15.40 %
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10 To 20
Years
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31.51 %
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20 To 30
Years
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37.36 %
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More than 30
Years
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9.40 %
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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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12.83 %
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Average
Coupon:
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4.60 %
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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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4.41 %
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VMTP Shares:
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39.05 %
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Total Fund
Leverage:
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43.46%*
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Average
Maturity:
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7.50
Years
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Effective
Duration:
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5.83
Years
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Total Net
Assets:
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$362.38
Million**
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Common Stock
Net Asset Value:
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$12.61
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Total Number of
Holdings:
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190
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Portfolio
Turnover:
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5.00 %
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* The total percentage
of leverage constitutes 4.41% through the use of tender option
bonds, 39.05% 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 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 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-301634770.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.
Copyright 2022 PR Newswire
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