AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
22 Junio 2018 - 3:37PM
PR Newswire (US)
NEW YORK, June 22, 2018 /PRNewswire/
-- AllianceBernstein National Municipal Income Fund, Inc.
(NYSE: AFB) (the "Fund") today released its monthly portfolio
update as of May 31, 2018.
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 (Metropolitan Transportation
Authority Ded Tax) Series 2016A 5.25%,
11/15/35
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2.53%
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2) State of
Connecticut Special Tax Revenue Series 2012
5.00%, 1/01/29
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2.26%
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3) Massachusetts
School Building Authority (Massachusetts School Building
Authority Sales Tax) Series 2011B 5.00%,
10/15/32
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2.12%
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4) Central Plains
Energy Project (Goldman Sachs Group Inc/The) Series
2017A 5.00%, 9/01/42
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1.81%
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5) Los Angeles
Department of Water & Power PWR Series
2013B 5.00%, 7/01/30
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1.72%
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6) Jefferson County
Board of Education/AL Series 2018 5.00%,
2/01/46
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1.69%
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7) Miami Beach Health
Facilities Authority (Mount Sinai Medical Center of Florida,
Inc.) Series 2014 5.00%, 11/15/39
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1.48%
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8) Tobacco Settlement
Financing Corp/NJ Series 2018A 5.00%,
6/01/46
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1.48%
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9) City of New York
NY Series 2012I 5.00%, 8/01/28
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1.46%
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10) Chicago O'Hare
International Airport Series 2016B 5.00%,
1/01/41
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1.34%
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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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12.97%
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Airport
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9.53%
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Toll
Roads/Transit
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6.63%
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Electric
Utility
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6.01%
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Revenue -
Miscellaneous
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4.12%
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Water &
Sewer
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3.64%
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Higher Education -
Public
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2.60%
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Prepay
Energy
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2.51%
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Port
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1.51%
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Tobacco
Securitization
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1.48%
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Higher Education -
Private
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0.60%
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Senior
Living
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0.27%
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Primary/Secondary Ed.
- Public
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0.27%
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SUBTOTAL
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52.14%
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Tax
Supported
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Special
Tax
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18.02%
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State G.O.
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7.87%
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Local G.O.
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6.82%
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Tax-Supported State
Lease
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3.07%
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Tax-Supported Local
Lease
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1.16%
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SUBTOTAL
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36.94%
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Prerefunded/ETM
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10.09%
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Insured/Guaranteed
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Guaranteed
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0.80%
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SUBTOTAL
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0.80%
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Cash
Equivalents
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Investment
Companies
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0.03%
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SUBTOTAL
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0.03%
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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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New York
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15.62%
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California
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13.93%
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Pennsylvania
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9.00%
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New Jersey
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7.07%
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Texas
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6.95%
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Illinois
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6.30%
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Connecticut
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6.26%
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Florida
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5.44%
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Michigan
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5.38%
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Massachusetts
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2.53%
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Alabama
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2.37%
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South
Carolina
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2.04%
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Nebraska
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1.81%
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Washington
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1.57%
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Hawaii
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1.53%
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Kentucky
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1.41%
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Tennessee
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1.21%
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Colorado
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1.13%
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Maryland
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1.08%
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District of
Columbia
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1.02%
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Kansas
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0.85%
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Oregon
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0.82%
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Georgia
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0.80%
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Utah
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0.76%
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North
Carolina
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0.74%
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Arizona
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0.70%
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Minnesota
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0.46%
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Arkansas
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0.33%
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Ohio
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0.30%
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Oklahoma
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0.27%
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Indiana
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0.20%
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Wisconsin
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0.09%
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Other
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0.03%
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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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7.78%
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AA
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36.01%
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A
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31.44%
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BBB
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13.09%
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BB
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0.49%
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B
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0.27%
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D
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0.00%
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Not Rated
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0.80%
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Pre-refunded
Bonds
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10.09%
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Short-Term
Investments
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0.03%
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Total
Investments
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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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0.03%
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1 to 5
years
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1.07%
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5 to 10
years
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8.56%
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10 to 20
years
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60.70%
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20 to 30
years
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27.05%
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More Than 30
years
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2.59%
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Other
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0.00%
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Total
Investments
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100.00%
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Portfolio
Statistics:
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AMT
Percent:
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9.81%
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Average
Coupon:
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5.19%
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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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14.39%
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Tender Option
Bonds:
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4.09%
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Variable Rate
MuniFund Term Preferred Shares (VMTPs):
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22.04%
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Total Fund
Leverage:
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40.52%*
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Average Effective
Maturity:
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6.18
Years
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Effective
Duration:
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5.32
Years
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Total Net
Assets:
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$506.74
Million**
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Common Stock Net
Asset Value:
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$14.42
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Number of
Holdings:
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163
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Portfolio
Turnover:
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11%
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* The total
percentage of leverage constitutes 4.09% through the use of tender
option bonds, 14.39% in issued and outstanding APS,22.04% 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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** Includes
$92,125,000 of APS at liquidation value.The Fund also had
outstanding $141,100,000 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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content:http://www.prnewswire.com/news-releases/alliancebernstein-national-municipal-income-fund-releases-monthly-portfolio-update-300670996.html
SOURCE AllianceBernstein National Municipal Income Fund,
Inc.
Copyright 2018 PR Newswire
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