From the Wires
AllianceBernstein National Municipal Income Fund Releases Monthly Portfolio Update
Dec. 24, 2012 04:06 PM
NEW YORK, Dec. 24, 2012 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) (the "Fund") today released its monthly portfolio update as of November 30, 2012.
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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)
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Texas Trnsp Comm Series 07 5.00%, 4/01/23
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3.21%
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2)
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Metropolitan Trnsp Auth NY (Metro Trnsp Auth
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2.78%
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Ny Ded Tax) Series 2012A 5.00%, 11/15/28
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3)
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Wayne State Univ MI Series 2009 5.00%,
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2.51%
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11/15/29
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4)
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Washington Fed Hwy Grant Series 2012F
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2.49%
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5.00%, 9/01/24
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5)
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Metro Atlanta Rapid Tran Auth GA 5.00%,
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2.13%
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7/01/27
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6)
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Harris City TX Toll Road (Harris Cnty Tx Toll
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1.96%
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Road) Series 2012 5.00%, 8/15/30
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7)
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Triborough Brdg & Tunl Auth NY 5.00%,
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1.65%
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1/01/26
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8)
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New York NY Trnsl Fin Auth Series 2011B
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1.63%
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5.00%, 2/01/26
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9)
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Univ of Illinois AGM Series 07A 5.25%,
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1.62%
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10/01/26
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10)
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Univ of Illinois AGM Series 07A 5.25%,
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1.62%
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10/01/26
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Sector/Industry Breakdown
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Portfolio %
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Tax Supported
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Special Tax
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18.46%
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Local G.O.
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11.24%
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State G.O.
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5.01%
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State Lease
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3.23%
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Tax-Supported Local Lease
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3.22%
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Assessment District
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2.73%
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Tax-Supported State Lease
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1.44%
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SUBTOTAL
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45.33%
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Revenue
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Water & Sewer
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9.81%
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Revenue - Miscellaneous
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7.07%
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Toll Roads/Transit
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6.73%
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Airport
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4.08%
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Higher Education - Public
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3.78%
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Electric Utility
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3.39%
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Health Care - Not-for-Profit
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3.19%
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Industrial Development - Utility
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2.30%
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Higher Education - Private
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1.50%
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Primary/Secondary Ed. - Private
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0.80%
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Senior Living
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0.80%
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Prepay Energy
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0.65%
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Primary/Secondary Ed. - Public
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0.48%
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SUBTOTAL
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44.58%
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Prerefunded/ETM
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4.03%
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Insured/Guaranteed
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Insured
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2.41%
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Guaranteed
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1.44%
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SUBTOTAL
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3.85%
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Asset-Backed
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Housing - Multi-Family
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1.56%
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Housing - Single Family
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0.65%
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SUBTOTAL
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2.21%
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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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18.48%
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New York
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16.04%
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California
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11.60%
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Florida
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7.72%
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Illinois
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5.72%
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Michigan
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5.11%
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Washington
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4.73%
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Louisiana
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4.15%
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South Carolina
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3.44%
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Colorado
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2.64%
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Georgia
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2.13%
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Ohio
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1.68%
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New Jersey
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1.66%
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Oregon
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1.48%
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Hawaii
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1.37%
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Alaska
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1.34%
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Puerto Rico
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1.23%
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Pennsylvania
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1.14%
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Alabama
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1.12%
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Nevada
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1.01%
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Wisconsin
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0.94%
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Arizona
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0.83%
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Rhode Island
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0.80%
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North Carolina
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0.58%
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Mississippi
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0.53%
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Virginia
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0.49%
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Tennessee
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0.36%
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Maine
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0.33%
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Indiana
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0.31%
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Missouri
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0.30%
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Massachusetts
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0.28%
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Kansas
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0.19%
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Minnesota
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0.16%
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New Hampshire
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0.11%
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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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22.00%
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AA
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50.16%
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A
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12.43%
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BBB
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7.65%
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BB
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0.27%
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B
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0.41%
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Not Rated
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3.05%
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Pre-refunded Bonds
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4.03%
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Total Investments
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100.00%
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Portfolio Statistics:
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AMT Percentage:
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16.13%
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Average Coupon:
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5.72%
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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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3.08%
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Preferred Stock:
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35.05%
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Tender Option Bonds:
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6.19%
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Term Asset-Backed Loans Facility (TALF):
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0.00%
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Total Fund Leverage:
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44.32%*
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Average Effective Maturity:
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6.13 Years
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Effective Duration:
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5.47 Years
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Total Net Assets:
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$691.00 Million**
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Common Stock Net Asset Value:
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$15.62
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Number of Holdings:
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193
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Portfolio Turnover:
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10%
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* The total percentage of leverage constitutes 6.19% through the use of tender option bonds, 35.05% in issued and outstanding preferred stock and 3.08% 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.
** Includes 242,225,000 of preferred stock at liquidation value.
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.
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
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