AFB

AllianceBernstein National Municipal Income Fund

AFB

Market cap $313M

Overview Fund Activity

10.90 USD

-0.01

0.09%

At close Updated Sep 17, 4:00 PM EDT

1 day

-0.09%

5 days

1.21%

1 month

6.65%

3 months

6.65%

6 months

0.74%

Year to date

0%

1 year

-6.36%

5 years

-21.36%

10 years

-17.36%

About: Alliancebernstein National Muni Inc Fd is a diversified, closed-end management investment company. It seeks to provide high current income exempt from regular federal income tax by investing substantially all of its net assets in municipal securities that pay interest that is exempt from federal income tax.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

27% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 11

1% more funds holding

Funds holding: 77 [Q1] → 78 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1.88% less ownership

Funds ownership: 61.84% [Q1] → 59.96% (-1.88%) [Q2]

8% less capital invested

Capital invested by funds: $194M [Q1] → $178M (-$15.8M) [Q2]

42% less repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 31

See Fund Rankings

Financial journalist opinion

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

NEW YORK , Aug. 25, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of July 31, 2025. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Greenwood Independent School District Series 2024 5.00%, 02/15/49 3.67 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.01 % 3) Commonwealth of Massachusetts Series 2024-A 5.00%, 01/01/54 2.00 % 4) Worthington City School District Series 2023 5.50%, 12/01/54 1.86 % 5) Metropolitan Washington Airports Authority Aviation Revenue Series 2025-2 5.50%, 10/01/55 1.85 % 6) State of Hawaii Airports System Revenue Series 2025-A 5.50%, 07/01/54 1.85 % 7) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.84 % 8) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.83 % 9) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55 1.82 % 10) Leander Independent School District Series 2025-A 5.00%, 08/15/55 1.81 % Investment Type Portfolio % State Breakdown Portfolio % Texas 17.67 % Florida 9.34 % California 8.09 % Illinois 7.57 % Wisconsin 6.95 % New York 6.35 % Massachusetts 5.01 % Ohio 4.13 % Pennsylvania 3.57 % South Carolina 2.86 % District of Columbia 2.59 % New Hampshire 2.53 % Michigan 2.34 % Colorado 2.08 % Arizona 2.02 % Louisiana 1.91 % Hawaii 1.85 % Minnesota 1.29 % Georgia 1.20 % Virginia 1.11 % Alabama 1.00 % Nebraska 0.95 % Indiana 0.82 % North Carolina 0.75 % Alaska 0.64 % Washington 0.51 % Tennessee 0.50 % Utah 0.44 % Oklahoma 0.39 % Maryland 0.37 % Arkansas 0.36 % New Jersey 0.36 % North Dakota 0.35 % Nevada 0.34 % Oregon 0.22 % Connecticut 0.19 % South Dakota 0.13 % Other 1.22 % Total Investments 100.00 % Net Currency Exposure Breakdown Portfolio % US Dollar 100.00 % Total Net Assets 100.00 % Credit Quality Breakdown Portfolio % AAA 15.44 % AA 31.01 % A 23.54 % BBB 16.47 % BB 7.19 % B 0.53 % Not Rated 4.58 % Pre-refunded Bonds 0.02 % Short Term Investments 1.22 % Total 100.00 % Bonds by Maturity Portfolio % Less than 1 Year 1.41 % 1 to 5 Years 0.18 % 5 to 10 Years 2.85 % 10 to 20 Years 14.84 % 20 to 30 Years 57.24 % More than 30 Years 23.48 % Other 0.00 % Total Net Assets 100.00 % Portfolio Statistics: AMT Percent: 22.86 % Average Coupon: 4.60 % Percentage of Leverage(based on gross assets): Bank Borrowing: 0.00 % Investment Operations: 2.32 % Auction Preferred Shares (APS): 0.00 % Tender Option Bonds: 12.88 % VMTP Shares: 15.65 % VRDP Shares: 17.73 % Total Fund Leverage: 48.58 % Average Maturity: 17.96 Years Effective Duration: 12.26 Years Total Net Assets: $322.75 Million Net Asset Value: $11.23 Total Number of Holdings: 173 Portfolio Turnover: 32.00 % * Investment Operations 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.

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

NEW YORK , Aug. 25, 2025 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 9/4/2025 9/4/2025 9/19/2025 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) 9/4/2025 9/4/2025 9/19/2025 $0.04657 per share of investment income With respect to the AllianceBernstein National Municipal Income Fund, the distribution rate is $0.04657, which represents an increase of $0.00696 from the $0.03961 per share previously paid by the Fund. The increase is intended to align the Fund's monthly distributions with its current and projected earnings power.

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

NEW YORK , July 28, 2025 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 8/7/2025 8/7/2025 8/22/2025 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) 8/7/2025 8/7/2025 8/22/2025 $0.03961 per share of investment income The Funds are managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302515100.html SOURCE AllianceBernstein Closed-End Funds

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

NEW YORK, July 28, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of June 30, 2025.

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. REPORTS SECOND QUARTER EARNINGS

NEW YORK , June 27, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB), a registered closed–end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2025. Total net assets of the Fund* on April 30, 2025 were $337,926,439 as compared with $357,190,362 on January 31, 2025, and $350,576,798 on April 30, 2024.

ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND, INC. REPORTS SECOND QUARTER EARNINGS

AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

NEW YORK , June 23, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of May 31, 2025. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Lamar Consolidated Independent School District Series 2023-A 5.00%, 02/15/53 2.67 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.03 % 3) Commonwealth of Massachusetts Series 2025-2 5.00%, 01/01/54 1.97 % 4) Worthington City School District Series 2023 5.50%, 12/01/54 1.84 % 5) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 1.84 % 6) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.83 % 7) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.82 % 8) State of Hawaii Airports System Revenue Series 2025-2 5.00%, 07/01/54 1.82 % 9) Greenwood Independent School District Series 2025-2 5.50%, 02/15/49 1.81 % 10) Rockwall Independent School District Series 2025-2 5.00%, 02/15/54 1.79 % Investment Type Portfolio % State Breakdown Portfolio % Texas 19.38 % Florida 8.75 % Illinois 7.88 % Wisconsin 6.49 % New York 6.41 % California 5.96 % Massachusetts 5.24 % Ohio 4.12 % Colorado 3.88 % South Carolina 3.52 % Pennsylvania 2.74 % Michigan 2.43 % New Hampshire 2.14 % New Jersey 2.10 % Alabama 1.90 % Hawaii 1.82 % Arizona 1.80 % Louisiana 1.72 % Nebraska 1.66 % Georgia 1.36 % Minnesota 1.28 % Virginia 1.05 % Indiana 0.83 % North Carolina 0.75 % Alaska 0.64 % Tennessee 0.51 % Washington 0.50 % Utah 0.43 % Oklahoma 0.38 % Maryland 0.37 % District of Columbia 0.36 % Arkansas 0.35 % North Dakota 0.35 % Nevada 0.34 % Oregon 0.23 % Connecticut 0.19 % South Dakota 0.13 % Other 0.01 % Total Investments 100.00 % Net Currency Exposure Breakdown Portfolio % US Dollar 100.00 % Total Net Assets 100.00 % Credit Quality Breakdown Portfolio % AAA 17.94 % AA 29.86 % A 24.24 % BBB 17.88 % BB 7.00 % B 0.52 % Not Rated 2.53 % Pre-refunded Bonds 0.02 % Short Term Investments 0.01 % Total 100.00 % Bonds by Maturity Portfolio % Less than 1 Year 0.20 % 1 to 5 Years 0.91 % 5 to 10 Years 2.78 % 10 to 20 Years 14.84 % 20 to 30 Years 62.53 % More than 30 Years 18.74 % Other 0.00 % Total Net Assets 100.00 % Portfolio Statistics: AMT Percent: 19.86 % Average Coupon: 4.75 % Percentage of Leverage(based on gross assets): Bank Borrowing: 0.00 % Investment Operations: 2.83 % Auction Preferred Shares (APS): 0.00 % Tender Option Bonds: 10.34 % VMTP Shares: 15.47 % VRDP Shares: 17.53 % Total Fund Leverage: 46.17 % Average Maturity: 17.42 Years Effective Duration: 12.06 Years Total Net Assets: $329.67 Million Net Asset Value: $11.47 Total Number of Holdings: 164 Portfolio Turnover: 32.00 % * Investment Operations 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.

AllianceBernstein National Municipal Income Fund, Inc. Releases Monthly Portfolio Update

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

NEW YORK , June 23, 2025 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 7/3/2025 7/3/2025 7/18/2025 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) 7/3/2025 7/3/2025 7/18/2025 $0.03961 per share of investment income The Funds are managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302488571.html SOURCE AllianceBernstein Closed-End Funds

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

NEW YORK , May 23, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc. [NYSE: AFB] (the "Fund") today released its monthly portfolio update as of April 30, 2025. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 2.25 % 2) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.22 % 3) Greenwood Independent School District Series 2025-2 5.50%, 02/15/49 2.19 % 4) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 2.00 % 5) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 1.96 % 6) State of Hawaii Airports System Revenue Series 2025-2 5.00%, 07/01/54 1.96 % 7) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55 1.95 % 8) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.95 % 9) Commonwealth of Massachusetts Series 2023 5.00%, 05/01/53 1.93 % 10) City of New York NY Series 2023 4.125%, 08/01/53 1.92 % Sector/Industry Breakdown Portfolio % Revenue Health Care - Not-for-Profit 12.45 % Airport 8.97 % Revenue - Miscellaneous 8.16 % Prepay Energy 7.79 % Toll Roads/Transit 5.40 % Industrial Development - Airline 3.84 % Primary/Secondary Ed.

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

NEW YORK , May 23, 2025 /PRNewswire/ -- The AllianceBernstein Closed-End Funds declared the following distributions today: FUND NAME AND DISTRIBUTIONS EX-DATE RECORD DATE PAYMENT DATE AllianceBernstein Global High Income Fund, Inc. (NYSE: AWF) 6/5/2025 6/5/2025 6/20/2025 $0.0655 per share of investment income AllianceBernstein National Municipal Income Fund, Inc. (NYSE: AFB) 6/5/2025 6/5/2025 6/20/2025 $0.03961 per share of investment income The Funds are managed by AllianceBernstein L.P. View original content:https://www.prnewswire.com/news-releases/alliancebernstein-closed-end-funds-announce-distribution-rates-302464461.html SOURCE AllianceBernstein Closed-End Funds

ALLIANCEBERNSTEIN CLOSED-END FUNDS ANNOUNCE DISTRIBUTION RATES

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

NEW YORK , April 21, 2025 /PRNewswire/ -- AllianceBernstein National Municipal Income Fund, Inc.[NYSE: AFB] (the "Fund") today released its monthly portfolio update as of March 31, 2025. AllianceBernstein National Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Lamar Consolidated Independent School District Series 2024-2 5.00%, 02/15/53 2.73 % 2) City of New Orleans LA Series 2021-A 5.00%, 12/01/46 2.71 % 3) Greenwood Independent School District Series 2024 4.00%, 02/15/54 2.27 % 4) Melissa Independent School District Series 2024-2 4.25%, 02/01/53 2.14 % 5) Dallas Independent School District Series 2024-2 4.00%, 02/15/54 1.94 % 6) New York Transportation Development Corp. Series 2024 Zero Coupon, 12/31/54 1.86 % 7) Public Authority for Colorado Energy Series 2008 6.50%, 11/15/38 1.86 % 8) County of Miami-Dade FL Aviation Revenue Series 2025-A 5.50%, 10/01/55 1.85 % 9) City of New York NY Series 2023 4.125%, 08/01/53 1.85 % 10) Denton Independent School District Series 2023 5.00%, 08/15/48 1.83 % Sector/Industry Breakdown Portfolio % Revenue Health Care - Not-for-Profit 12.36 % Revenue - Miscellaneous 8.49 % Airport 7.47 % Prepay Energy 7.39 % Toll Roads/Transit 3.71 % Industrial Development - Airline 3.65 % Primary/Secondary Ed.

AllianceBernstein National Municipal Income Fund, Inc. RELEASES MONTHLY PORTFOLIO UPDATE

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