PR Newswire
NEW YORK, June 22, 2026 /PRNewswire/ — AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the “Fund”) today released its monthly portfolio update as of May 31, 2026.
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AllianceBernstein National Municipal Income Fund, Inc. |
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1) San Francisco Intl Airport Series 2026-2 5.50%, 05/01/55 |
3.69 % |
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2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 |
2.14 % |
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3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 |
1.99 % |
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4) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 |
1.96 % |
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5) Oklahoma Turnpike Authority Series 2023 4.50%, 01/01/53 |
1.96 % |
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6) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 |
1.89 % |
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7) State of Hawaii Airports System Revenue Series 2025-2 5.50%, 07/01/54 |
1.85 % |
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8) City of Atlanta GA Department of Aviation Series 2025-2 5.50%, 07/01/55 |
1.85 % |
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9) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 |
1.85 % |
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10) Worthington City School District Series 2025-2 5.50%, 12/01/54 |
1.84 % |
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Revenue |
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Airport |
14.86 % |
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Health Care – Not-for-Profit |
11.02 % |
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Revenue – Miscellaneous |
7.04 % |
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Toll Roads/Transit |
5.88 % |
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Industrial Development – Airline |
5.16 % |
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Prepay Energy |
4.61 % |
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Primary/Secondary Ed. – Public |
4.09 % |
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Higher Education – Private |
3.02 % |
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Port |
2.32 % |
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Industrial Development – Industry |
2.00 % |
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Higher Education – Public |
1.76 % |
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Senior Living |
1.53 % |
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Water & Sewer |
0.80 % |
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Electric Utility |
0.58 % |
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Tobacco Securitization |
0.30 % |
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Primary/Secondary Ed. – Private |
0.17 % |
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SUBTOTAL |
65.14 % |
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Tax Supported |
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Local G.O. |
10.03 % |
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State G.O. |
6.75 % |
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Special Tax |
3.49 % |
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Local Lease |
1.48 % |
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Assessment District |
0.54 % |
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State Lease |
0.27 % |
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SUBTOTAL |
22.56 % |
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Guaranteed |
9.91 % |
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Asset-Backed |
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Housing – Multi-Family |
1.70 % |
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SUBTOTAL |
1.70 % |
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Commercial Mortgage-Backed Securities |
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Non-Agency Fixed Rate CMBS |
0.65 % |
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SUBTOTAL |
0.65 % |
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Cash & Cash Equivalents |
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Funds and Investment Trusts |
0.02 % |
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SUBTOTAL |
0.02 % |
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Prerefunded/ETM |
0.02 % |
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Total |
100.00 % |
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Texas |
12.60 % |
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California |
12.38 % |
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New York |
8.30 % |
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Florida |
7.93 % |
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Illinois |
7.87 % |
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Massachusetts |
6.24 % |
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Wisconsin |
5.83 % |
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Ohio |
4.17 % |
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Georgia |
3.68 % |
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Hawaii |
3.66 % |
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New Hampshire |
3.36 % |
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Pennsylvania |
2.84 % |
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District of Columbia |
2.58 % |
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Oklahoma |
2.34 % |
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Arizona |
1.99 % |
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Colorado |
1.95 % |
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Louisiana |
1.75 % |
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Michigan |
1.31 % |
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Minnesota |
1.30 % |
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Alabama |
0.97 % |
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Nebraska |
0.92 % |
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Virginia |
0.76 % |
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South Carolina |
0.69 % |
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Washington |
0.68 % |
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Utah |
0.62 % |
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Maryland |
0.54 % |
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Tennessee |
0.52 % |
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New Jersey |
0.36 % |
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Arkansas |
0.35 % |
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Indiana |
0.35 % |
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North Dakota |
0.35 % |
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Oregon |
0.24 % |
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Connecticut |
0.21 % |
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Alaska |
0.16 % |
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South Dakota |
0.13 % |
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North Carolina |
0.05 % |
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Other |
0.02 % |
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Total Investments |
100.00 % |
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AAA |
10.47 % |
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AA |
39.86 % |
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A |
18.41 % |
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BBB |
16.43 % |
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BB |
7.67 % |
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B |
0.52 % |
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Not Rated |
6.60 % |
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Pre-refunded Bonds |
0.02 % |
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Short Term Investments |
0.02 % |
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Total |
100.00 % |
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Less than 1 Year |
0.17 % |
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1 to 5 Years |
0.13 % |
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5 to 10 Years |
2.75 % |
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10 to 20 Years |
14.94 % |
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20 to 30 Years |
63.93 % |
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More than 30 Years |
18.08 % |
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Other |
0.00 % |
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Total Net Assets |
100.00 % |
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AMT Percent: |
22.75 % |
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Average Coupon: |
5.97 % |
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Percentage of Leverage: |
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Bank Borrowing: |
0.00 % |
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Investment Operations: |
0.39 % |
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Auction Preferred Shares (APS): |
0.00 % |
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Tender Option Bonds: |
24.84 % |
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VMTP Shares: |
0.00 % |
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VRDP Shares: |
17.42 % |
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Total Fund Leverage: |
42.65%* |
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Average Maturity: |
12.04 Years |
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Effective Duration: |
10.97 Years |
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Total Net Assets: |
$347.05 Million** |
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Common Stock Net Asset Value: |
$12.07 |
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Total Number of Holdings: |
182 |
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Portfolio Turnover: |
56.00 % |
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* The total percentage of leverage constitutes 24.84% through the use of tender option bonds, 17.42% |
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in issued and outstanding VRDPs and 0.39% in investment operations, which may include the use of |
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certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, |
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reverse repurchase agreements and when-issued securities. |
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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-302806809.html
SOURCE AllianceBernstein National Municipal Income Fund, Inc.
