ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. RELEASES MONTHLY PORTFOLIO UPDATE

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.