AllianceBernstein National Municipal Income Fund Releases June Portfolio Update
The AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update for June 30, 2026. The report details the fund's top fixed-income holdings and provides a breakdown of sectors, states, credit quality, and maturity distributions within the portfolio. As of June 30, 2026, the San Francisco International Airport Series 2026-2 is the largest holding at 3.70% of the portfolio. The fund's top ten holdings are primarily long-term municipal bonds with maturities extending beyond 25 years and average coupon rates around 5%. Sector-wise, airport revenue constitutes the highest allocation at 14.61%, followed by health care (not-for-profit) at 10.97%. Geographically, Texas leads in portfolio exposure at 12.61%, with California following closely behind at 12.01%. The fund's credit quality is predominantly AA-rated bonds at 39.56%, followed by A and BBB ratings. Over half of the holdings have maturities beyond 20 years, indicating a long-term investment strategy.