PR Newswire
NEW YORK, Oct. 26, 2026
NEW YORK, Oct. 26, 2026 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of September 30, 2026.
AllianceBernstein National Municipal Income Fund, Inc. | ||
Top 10 Fixed-Income Holdings | Portfolio % | |
1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55 | 3.91 % | |
2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 | 2.15 % | |
3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 | 2.10 % | |
4) Worthington City School District Series 2025-2 5.50%, 12/01/54 | 2.00 % | |
5) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 | 1.95 % | |
6) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 | 1.94 % | |
7) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 | 1.94 % | |
8) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55 | 1.94 % | |
9) Greenwood Independent School District Series 2025-2 5.00%, 02/15/49 | 1.92 % | |
10) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 | 1.92 % | |
Sector/Industry Breakdown | Portfolio % | |
Revenue | ||
Airport | 15.47 % | |
Health Care - Not-for-Profit | 10.32 % | |
Toll Roads/Transit | 6.02 % | |
Industrial Development - Airline | 5.28 % | |
Primary/Secondary Ed. - Public | 4.31 % | |
Revenue - Miscellaneous | 4.20 % | |
Prepay Energy | 3.57 % | |
Higher Education - Private | 3.32 % | |
Student Housing | 2.49 % | |
Port | 2.25 % | |
Industrial Development - Industry | 2.07 % | |
Higher Education - Public | 1.85 % | |
Senior Living | 1.74 % | |
Water & Sewer | 1.03 % | |
Electric Utility | 0.59 % | |
Tobacco Securitization | 0.32 % | |
Primary/Secondary Ed. - Private | 0.18 % | |
SUBTOTAL | 65.01 % | |
Tax Supported | ||
Local G.O. | 10.13 % | |
State G.O. | 7.12 % | |
Special Tax | 3.56 % | |
Local Lease | 1.67 % | |
Assessment District | 0.57 % | |
State Lease | 0.30 % | |
SUBTOTAL | 23.35 % | |
Guaranteed | 8.36 % | |
Asset-Backed | ||
Housing - Multi-Family | 2.40 % | |
SUBTOTAL | 2.40 % | |
Cash & Cash Equivalents | ||
Funds and Investment Trusts | 0.86 % | |
SUBTOTAL | 0.86 % | |
Prerefunded/ETM | 0.02 % | |
Total | 100.00 % | |
State Breakdown | Portfolio % | |
California | 12.14 % | |
Texas | 11.32 % | |
Florida | 8.36 % | |
New York | 8.23 % | |
Illinois | 7.73 % | |
Massachusetts | 6.56 % | |
Wisconsin | 5.98 % | |
Ohio | 4.43 % | |
Georgia | 4.25 % | |
New Hampshire | 3.64 % | |
Hawaii | 3.06 % | |
District of Columbia | 2.73 % | |
Oklahoma | 2.36 % | |
Arizona | 2.10 % | |
Colorado | 2.08 % | |
Pennsylvania | 1.52 % | |
Louisiana | 1.43 % | |
Minnesota | 1.36 % | |
Michigan | 1.27 % | |
Connecticut | 0.87 % | |
Utah | 0.80 % | |
Nebraska | 0.79 % | |
Virginia | 0.79 % | |
Washington | 0.72 % | |
South Carolina | 0.70 % | |
Maryland | 0.57 % | |
Alabama | 0.55 % | |
Tennessee | 0.54 % | |
Indiana | 0.52 % | |
Oregon | 0.43 % | |
New Jersey | 0.40 % | |
Arkansas | 0.38 % | |
North Dakota | 0.36 % | |
South Dakota | 0.13 % | |
North Carolina | 0.04 % | |
Other | 0.86 % | |
Total Investments | 100.00 % | |
Credit Quality Breakdown | Portfolio % | |
AAA | 8.92 % | |
AA | 39.40 % | |
A | 17.81 % | |
BBB | 15.98 % | |
BB | 8.15 % | |
B | 0.55 % | |
Not Rated | 8.31 % | |
Pre-refunded Bonds | 0.02 % | |
Short Term Investments | 0.86 % | |
Total | 100.00 % | |
Bonds by Maturity | Portfolio % | |
Less than 1 Year | 0.95 % | |
1 to 5 Years | 0.93 % | |
5 to 10 Years | 1.37 % | |
10 to 20 Years | 13.73 % | |
20 to 30 Years | 63.57 % | |
More than 30 Years | 19.45 % | |
Other | 0.00 % | |
Total Net Assets | 100.00 % | |
Portfolio Statistics: | ||
AMT Percent: | 25.67 % | |
Average Coupon: | 5.74 % | |
Percentage of Leverage: | ||
Bank Borrowing: | 0.00 % | |
Investment Operations: | 0.00 % | |
Auction Preferred Shares (APS): | 0.00 % | |
Tender Option Bonds: | 25.67 % | |
VMTP Shares: | 0.00 % | |
VRDP Shares: | 19.52 % | |
Total Fund Leverage: | 45.19%* | |
Average Maturity: | 22.39 Years | |
Effective Duration: | 17.13 Years | |
Total Net Assets: | $301.71 Million** | |
Common Stock Net Asset Value: | $10.50 | |
Total Number of Holdings: | 185 | |
Portfolio Turnover: | 56.00 % | |
* The total percentage of leverage constitutes 25.67% through the use of tender option bonds, 19.52% | ||
in issued and outstanding VRDPs 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. | ||
** 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. | ||
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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SOURCE AllianceBernstein National Municipal Income Fund, Inc.
