AllianceBernstein National Municipal Income Fund Releases August Portfolio Update
The AllianceBernstein National Municipal Income Fund (NYSE: AFB) has released its monthly portfolio update for the period ending August 31, 2026. The fund's top holdings include municipal bonds from entities such as San Francisco International Airport and various school districts across multiple states. These investments are primarily long-term with maturities extending beyond 30 years. The portfolio is heavily weighted toward airport revenue (15.71%) and health care not-for-profit sectors, while also maintaining a significant portion in tax-supported general obligation bonds. The fund's credit quality breakdown shows that the majority of holdings are rated AA or A by rating agencies. With total net assets amounting to $333.69 million, the portfolio has an average maturity of 14.35 years and is leveraged at a rate of 46.81% through various financial instruments. The fund's leverage includes tender option bonds (24.58%), variable rate demand obligations (VRDPs) (18.00%), and investment operations techniques such as credit default swaps, contributing to its overall risk profile.
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