AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE
October 28 2024 - 4:06PM
PR Newswire (US)
NEW
YORK, Oct. 28, 2024 /PRNewswire/ --
AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB]
(the "Fund") today released its monthly portfolio update as of
September 30, 2024.
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) Lamar Consolidated
Independent School District Series 2024-2 5.00%,
02/15/53
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2.68 %
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2) City of New Orleans
LA Series 2021-A 5.00%, 12/01/46
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2.66 %
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3) Prosper Independent
School District Series 2024 4.00%, 02/15/54
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2.42 %
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4) Greenwood
Independent School District Series 2024 4.00%, 02/15/54
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2.30 %
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5) Melissa Independent
School District Series 2024-2 4.25%, 02/01/53
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2.14 %
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6) Dallas Independent
School District Series 2024-2 4.00%, 02/15/54
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1.95 %
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7) City of New York NY
Series 2023 4.125%, 08/01/53
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1.87 %
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8) Public Authority for
Colorado Energy Series 2008 6.50%, 11/15/38
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1.86 %
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9) Denton Independent
School District Series 2024-2 5.00%, 08/15/48
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1.81 %
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10) Commonwealth of
Massachusetts Series 2024-2 5.00%, 05/01/53
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1.80 %
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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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10.95 %
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Prepay
Energy
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7.30 %
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Revenue -
Miscellaneous
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7.20 %
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Airport
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6.20 %
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Toll
Roads/Transit
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3.26 %
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Electric
Utility
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2.45 %
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Industrial Development
- Industry
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2.44 %
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Higher Education -
Private
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2.29 %
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Port
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1.86 %
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Tobacco
Securitization
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1.85 %
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Water &
Sewer
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1.81 %
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Primary/Secondary Ed. -
Public
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1.79 %
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Industrial Development
- Airline
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1.74 %
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Senior
Living
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0.96 %
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Industrial Development
- Utility
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0.51 %
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SUBTOTAL
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52.61 %
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Tax
Supported
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Local G.O.
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16.75 %
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State G.O.
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6.09 %
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Special Tax
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5.62 %
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Assessment
District
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0.18 %
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State Lease
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0.13 %
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SUBTOTAL
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28.77 %
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Guaranteed
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15.43 %
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Prerefunded/ETM
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2.07 %
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Asset-Backed
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Housing -
Multi-Family
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0.76 %
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SUBTOTAL
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0.76 %
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Cash & Cash
Equivalents
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Funds and Investment
Trusts
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0.36 %
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SUBTOTAL
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0.36 %
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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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19.31 %
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Illinois
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8.77 %
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Florida
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7.01 %
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New York
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6.56 %
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California
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5.52 %
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Wisconsin
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4.80 %
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Michigan
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4.50 %
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South
Carolina
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3.87 %
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Massachusetts
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3.84 %
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Pennsylvania
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3.58 %
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New Jersey
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2.83 %
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Louisiana
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2.81 %
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Georgia
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2.44 %
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Colorado
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2.43 %
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Nevada
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2.00 %
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Arizona
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1.98 %
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Washington
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1.89 %
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Ohio
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1.88 %
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Alabama
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1.79 %
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Nebraska
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1.60 %
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Oklahoma
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1.19 %
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Minnesota
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1.12 %
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Iowa
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0.97 %
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Virginia
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0.88 %
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Indiana
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0.85 %
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New
Hampshire
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0.81 %
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Utah
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0.77 %
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North
Carolina
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0.76 %
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Tennessee
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0.60 %
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North Dakota
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0.43 %
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Puerto Rico
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0.42 %
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Maryland
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0.37 %
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Arkansas
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0.33 %
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Oregon
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0.22 %
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Connecticut
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0.19 %
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Alaska
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0.18 %
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South Dakota
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0.14 %
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Other
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0.36 %
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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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18.69 %
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AA
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29.45 %
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A
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26.06 %
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BBB
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17.39 %
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BB
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3.97 %
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B
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0.14 %
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Not Rated
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1.87 %
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Pre-refunded
Bonds
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2.07 %
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Short Term
Investments
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0.36 %
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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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1.62 %
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1 To 5 Years
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3.11 %
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5 To 10
Years
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4.74 %
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10 To 20
Years
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19.61 %
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20 To 30
Years
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56.06 %
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More than 30
Years
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14.86 %
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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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14.17 %
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Average
Coupon:
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4.57 %
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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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1.06 %
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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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7.27 %
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VMTP Shares:
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14.61 %
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VRDP Shares:
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16.55 %
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Total Fund
Leverage:
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39.49%*
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Average
Maturity:
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10.09
Years
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Effective
Duration:
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8.05
Years
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Total Net
Assets:
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$371.52
Million**
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Common Stock Net Asset
Value:
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$12.92
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Total Number of
Holdings:
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171
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Portfolio
Turnover:
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55.00 %
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* The total percentage
of leverage constitutes 7.27% through the use of tender option
bonds, 14.61% in issued and outstanding VMTPs, 16.55% in issued and
outstanding VRDPs and 1.06% 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 $88,275,000 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 Fund also had
outstanding $100,000,000 of VRDPs 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-302289046.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.
Copyright 2024 PR Newswire
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