NEW YORK, Nov. 25, 2024 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of October 31, 2024.
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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) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53
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2.67 %
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2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46
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2.64 %
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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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2.27 %
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5) Melissa Independent School District Series 2024-2 4.25%, 02/01/53
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2.13 %
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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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1.84 %
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8) New York Transportation Development Corp. Series 2024 1.00%, 12/31/54
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1.83 %
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9) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38
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1.81 %
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10) Denton Independent School District Series 2024-2 5.00%, 08/15/48
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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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10.67 %
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Revenue - Miscellaneous
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7.62 %
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Prepay Energy
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7.18 %
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Airport
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6.18 %
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Industrial Development - Airline
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3.56 %
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Toll Roads/Transit
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3.24 %
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Industrial Development - Industry
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2.43 %
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Higher Education - Private
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2.17 %
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Water & Sewer
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2.13 %
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Electric Utility
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2.06 %
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Tobacco Securitization
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1.85 %
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Port
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1.83 %
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Primary/Secondary Ed. - Public
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1.77 %
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Senior Living
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0.95 %
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Industrial Development - Utility
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0.51 %
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SUBTOTAL
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54.15 %
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Tax Supported
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Local G.O.
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16.13 %
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State G.O.
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6.00 %
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Special Tax
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4.97 %
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Assessment District
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0.17 %
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SUBTOTAL
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27.27 %
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Guaranteed
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15.34 %
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Prerefunded/ETM
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2.06 %
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Asset-Backed
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Housing - Multi-Family
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1.09 %
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SUBTOTAL
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1.09 %
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Cash & Cash Equivalents
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Funds and Investment Trusts
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0.09 %
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SUBTOTAL
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0.09 %
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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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19.18 %
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Illinois
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8.73 %
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New York
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7.71 %
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Florida
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7.29 %
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California
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5.47 %
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Wisconsin
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5.02 %
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Michigan
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4.48 %
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South Carolina
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4.42 %
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Massachusetts
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3.82 %
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Pennsylvania
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3.56 %
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New Jersey
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2.70 %
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Louisiana
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2.64 %
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Colorado
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2.38 %
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Arizona
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1.95 %
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Washington
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1.86 %
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Alabama
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1.78 %
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Ohio
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1.76 %
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Nebraska
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1.59 %
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Nevada
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1.51 %
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Georgia
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1.32 %
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Oklahoma
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1.19 %
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New Hampshire
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1.13 %
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Minnesota
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1.12 %
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Iowa
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0.95 %
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Virginia
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0.87 %
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Indiana
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0.84 %
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Utah
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0.77 %
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North Carolina
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0.75 %
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Tennessee
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0.52 %
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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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0.13 %
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Other
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0.42 %
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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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18.58 %
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AA
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29.86 %
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A
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25.06 %
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BBB
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16.90 %
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BB
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4.51 %
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B
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0.47 %
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Not Rated
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2.47 %
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Pre-refunded Bonds
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2.06 %
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Short Term Investments
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0.09 %
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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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1.36 %
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1 To 5 Years
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3.28 %
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5 To 10 Years
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4.89 %
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10 To 20 Years
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18.85 %
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20 To 30 Years
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55.94 %
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More than 30 Years
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15.68 %
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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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15.22 %
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Average Coupon:
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4.55 %
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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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1.38 %
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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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7.35 %
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VMTP Shares:
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14.77 %
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VRDP Shares:
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16.73 %
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Total Fund Leverage:
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40.23%*
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Average Maturity:
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11.53 Years
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Effective Duration:
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8.92 Years
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Total Net Assets:
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$361.43 Million**
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Common Stock Net Asset Value:
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$12.57
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Total Number of Holdings:
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166
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Portfolio Turnover:
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55.00 %
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* The total percentage of leverage constitutes 7.35% through the use of tender option bonds, 14.77%
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in issued and outstanding VMTPs, 16.73% in issued and outstanding VRDPs and 1.38% in investment
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operations, which may include the use of certain portfolio management techniques such as credit default
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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
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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
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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-302315648.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
