AllianceBernstein National Municipal Income FundInc National Municipal Income Fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$12.43
$377 M
0.00%
1.56%
Vitals
YTD Return
-2.7%
1 yr return
7.6%
3 Yr Avg Return
-6.7%
5 Yr Avg Return
-3.7%
Net Assets
$377 M
Holdings in Top 10
17.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.56%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 11/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
$12.43
$377 M
0.00%
1.56%
XAFBX - Profile
Distributions
- YTD Total Return -2.7%
- 3 Yr Annualized Total Return -6.7%
- 5 Yr Annualized Total Return -3.7%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.08%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAllianceBernstein National Municipal Income FundInc National Municipal Income Fund
-
Fund Family NameAllianceBernstein L.P.
-
Inception DateFeb 22, 2002
-
Shares Outstanding28744936
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTerrance Hults
Fund Description
XAFBX - Performance
Return Ranking - Trailing
Period | XAFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.7% | -5.6% | 31.6% | 96.47% |
1 Yr | 7.6% | 0.1% | 42.6% | 37.55% |
3 Yr | -6.7%* | -11.3% | 3.3% | 96.34% |
5 Yr | -3.7%* | -6.9% | 1103.7% | 96.37% |
10 Yr | 0.4%* | -0.9% | 248.7% | 93.94% |
* Annualized
Return Ranking - Calendar
Period | XAFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -1.4% | 41.0% | 1.13% |
2022 | -21.2% | -39.7% | 0.3% | 97.16% |
2021 | -0.6% | -5.6% | 6.9% | 52.49% |
2020 | 1.3% | -2.6% | 310.0% | 69.38% |
2019 | 7.0% | 0.0% | 26.0% | 3.21% |
Total Return Ranking - Trailing
Period | XAFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -2.7% | -5.6% | 31.6% | 96.47% |
1 Yr | 7.6% | 0.1% | 42.6% | 37.55% |
3 Yr | -6.7%* | -11.3% | 3.3% | 96.34% |
5 Yr | -3.7%* | -6.9% | 1103.7% | 96.37% |
10 Yr | 0.4%* | -0.9% | 248.7% | 93.94% |
* Annualized
Total Return Ranking - Calendar
Period | XAFBX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -1.3% | 41.0% | 47.46% |
2022 | -21.2% | -39.7% | 1.1% | 97.29% |
2021 | -0.6% | -4.8% | 23761504.0% | 95.77% |
2020 | 1.3% | -1.5% | 17057.9% | 94.24% |
2019 | 9.0% | 0.2% | 3514.6% | 6.92% |
NAV & Total Return History
XAFBX - Holdings
Concentration Analysis
XAFBX | Category Low | Category High | XAFBX % Rank | |
---|---|---|---|---|
Net Assets | 377 M | 3.22 M | 71.9 B | 54.90% |
Number of Holdings | 189 | 4 | 13418 | 60.39% |
Net Assets in Top 10 | 114 M | -317 M | 3.09 B | 40.01% |
Weighting of Top 10 | 17.38% | 1.8% | 100.3% | 50.77% |
Top 10 Holdings
- METROPOLITAN TRANSN AUTH N Y DEDICATED TAX FD 5.25% 2.43%
- CONNECTICUT ST SPL TAX OBLIG REV 5% 2.16%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
- Ab Fixed Income Shares, Inc. - Government Money Market Portfolio - Class Ab 1.80%
Asset Allocation
Weighting | Return Low | Return High | XAFBX % Rank | |
---|---|---|---|---|
Bonds | 99.88% | 0.00% | 150.86% | 24.42% |
Cash | 0.12% | -50.86% | 44.62% | 79.29% |
Stocks | 0.00% | 0.00% | 99.78% | 93.81% |
Preferred Stocks | 0.00% | 0.00% | 0.07% | 92.94% |
Other | 0.00% | -3.69% | 51.88% | 86.68% |
Convertible Bonds | 0.00% | 0.00% | 0.93% | 92.91% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XAFBX % Rank | |
---|---|---|---|---|
Municipal | 99.88% | 44.39% | 100.00% | 17.91% |
Cash & Equivalents | 0.12% | 0.00% | 44.41% | 49.47% |
Derivative | 0.00% | -3.69% | 51.88% | 85.82% |
Securitized | 0.00% | 0.00% | 5.93% | 92.91% |
Corporate | 0.00% | 0.00% | 9.41% | 93.25% |
Government | 0.00% | 0.00% | 52.02% | 93.32% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XAFBX % Rank | |
---|---|---|---|---|
US | 99.36% | 0.00% | 142.23% | 37.15% |
Non US | 0.52% | 0.00% | 23.89% | 4.59% |
XAFBX - Expenses
Operational Fees
XAFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.56% | 0.01% | 8.02% | 12.59% |
Management Fee | 0.55% | 0.00% | 1.20% | 95.34% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.44% | N/A |
Sales Fees
XAFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 4.75% | N/A |
Deferred Load | N/A | 0.25% | 5.00% | N/A |
Trading Fees
XAFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XAFBX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.00% | 283.00% | 6.82% |
XAFBX - Distributions
Dividend Yield Analysis
XAFBX | Category Low | Category High | XAFBX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 14.51% | 98.07% |
Dividend Distribution Analysis
XAFBX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
XAFBX | Category Low | Category High | XAFBX % Rank | |
---|---|---|---|---|
Net Income Ratio | 4.08% | -0.53% | 5.33% | 3.03% |
Capital Gain Distribution Analysis
XAFBX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 06, 2019 | $0.046 | OrdinaryDividend |
May 02, 2019 | $0.046 | OrdinaryDividend |
Apr 04, 2019 | $0.046 | OrdinaryDividend |
Mar 07, 2019 | $0.046 | OrdinaryDividend |
Feb 07, 2019 | $0.046 | OrdinaryDividend |
Jan 03, 2019 | $0.046 | OrdinaryDividend |
Dec 06, 2018 | $0.046 | OrdinaryDividend |
Nov 01, 2018 | $0.046 | OrdinaryDividend |
Oct 04, 2018 | $0.046 | OrdinaryDividend |
Sep 06, 2018 | $0.046 | OrdinaryDividend |
Aug 02, 2018 | $0.046 | OrdinaryDividend |
Jul 05, 2018 | $0.046 | OrdinaryDividend |
Jun 07, 2018 | $0.046 | OrdinaryDividend |
May 03, 2018 | $0.046 | OrdinaryDividend |
Apr 05, 2018 | $0.046 | OrdinaryDividend |
Mar 01, 2018 | $0.046 | OrdinaryDividend |
Feb 01, 2018 | $0.046 | OrdinaryDividend |
Jan 04, 2018 | $0.046 | OrdinaryDividend |
Dec 07, 2017 | $0.052 | OrdinaryDividend |
Nov 02, 2017 | $0.052 | OrdinaryDividend |
Oct 05, 2017 | $0.052 | OrdinaryDividend |
Sep 07, 2017 | $0.052 | OrdinaryDividend |
Aug 02, 2017 | $0.052 | OrdinaryDividend |
Jul 05, 2017 | $0.052 | OrdinaryDividend |
Jun 07, 2017 | $0.052 | OrdinaryDividend |
May 03, 2017 | $0.052 | OrdinaryDividend |
Apr 05, 2017 | $0.052 | OrdinaryDividend |
Mar 01, 2017 | $0.052 | OrdinaryDividend |
Feb 01, 2017 | $0.055 | OrdinaryDividend |
Jan 04, 2017 | $0.055 | OrdinaryDividend |
Dec 07, 2016 | $0.055 | OrdinaryDividend |
Nov 02, 2016 | $0.055 | OrdinaryDividend |
Oct 05, 2016 | $0.055 | OrdinaryDividend |
Sep 07, 2016 | $0.055 | OrdinaryDividend |
Aug 03, 2016 | $0.055 | OrdinaryDividend |
Jul 06, 2016 | $0.055 | OrdinaryDividend |
Jun 01, 2016 | $0.062 | OrdinaryDividend |
May 04, 2016 | $0.062 | OrdinaryDividend |
Apr 06, 2016 | $0.062 | OrdinaryDividend |
Mar 02, 2016 | $0.062 | OrdinaryDividend |
Feb 03, 2016 | $0.062 | OrdinaryDividend |
Jan 06, 2016 | $0.062 | OrdinaryDividend |
Dec 02, 2015 | $0.062 | OrdinaryDividend |
Nov 04, 2015 | $0.066 | OrdinaryDividend |
Oct 07, 2015 | $0.066 | OrdinaryDividend |
Sep 02, 2015 | $0.066 | OrdinaryDividend |
Aug 05, 2015 | $0.066 | OrdinaryDividend |
Jul 08, 2015 | $0.066 | OrdinaryDividend |
Jun 03, 2015 | $0.066 | OrdinaryDividend |
May 06, 2015 | $0.066 | OrdinaryDividend |
Apr 08, 2015 | $0.066 | OrdinaryDividend |
Mar 04, 2015 | $0.066 | OrdinaryDividend |
Feb 04, 2015 | $0.073 | OrdinaryDividend |
Jan 07, 2015 | $0.073 | OrdinaryDividend |
Dec 03, 2014 | $0.073 | OrdinaryDividend |
Nov 05, 2014 | $0.073 | OrdinaryDividend |
Oct 01, 2014 | $0.073 | OrdinaryDividend |
Sep 03, 2014 | $0.073 | OrdinaryDividend |
Aug 06, 2014 | $0.073 | OrdinaryDividend |
Jul 09, 2014 | $0.073 | OrdinaryDividend |
Jun 04, 2014 | $0.073 | OrdinaryDividend |
May 07, 2014 | $0.073 | OrdinaryDividend |
Apr 02, 2014 | $0.073 | OrdinaryDividend |
Mar 05, 2014 | $0.073 | OrdinaryDividend |
Feb 05, 2014 | $0.073 | OrdinaryDividend |
Jan 08, 2014 | $0.073 | OrdinaryDividend |
Dec 04, 2013 | $0.073 | OrdinaryDividend |
Nov 06, 2013 | $0.073 | OrdinaryDividend |
Oct 02, 2013 | $0.073 | OrdinaryDividend |
Sep 04, 2013 | $0.073 | OrdinaryDividend |
Aug 07, 2013 | $0.073 | OrdinaryDividend |
Jul 03, 2013 | $0.073 | OrdinaryDividend |
Jun 05, 2013 | $0.073 | OrdinaryDividend |
May 01, 2013 | $0.073 | OrdinaryDividend |
Apr 03, 2013 | $0.073 | OrdinaryDividend |
Mar 06, 2013 | $0.073 | OrdinaryDividend |
Feb 06, 2013 | $0.078 | OrdinaryDividend |
Jan 02, 2013 | $0.078 | OrdinaryDividend |
Dec 05, 2012 | $0.078 | OrdinaryDividend |
Nov 07, 2012 | $0.078 | OrdinaryDividend |
Oct 03, 2012 | $0.078 | OrdinaryDividend |
Sep 05, 2012 | $0.078 | OrdinaryDividend |
Aug 01, 2012 | $0.078 | OrdinaryDividend |
Jul 03, 2012 | $0.078 | OrdinaryDividend |
Jun 06, 2012 | $0.078 | OrdinaryDividend |
May 02, 2012 | $0.078 | OrdinaryDividend |
Apr 04, 2012 | $0.078 | OrdinaryDividend |
Mar 07, 2012 | $0.078 | OrdinaryDividend |
Feb 01, 2012 | $0.078 | OrdinaryDividend |
Jan 11, 2012 | $0.078 | OrdinaryDividend |
Dec 07, 2011 | $0.078 | OrdinaryDividend |
Nov 02, 2011 | $0.078 | OrdinaryDividend |
Oct 05, 2011 | $0.078 | OrdinaryDividend |
Sep 07, 2011 | $0.078 | OrdinaryDividend |
Aug 03, 2011 | $0.078 | OrdinaryDividend |
Jul 06, 2011 | $0.078 | OrdinaryDividend |
Jun 01, 2011 | $0.078 | OrdinaryDividend |
May 04, 2011 | $0.078 | OrdinaryDividend |
Apr 06, 2011 | $0.078 | OrdinaryDividend |
Mar 02, 2011 | $0.078 | OrdinaryDividend |
Feb 02, 2011 | $0.078 | OrdinaryDividend |
Jan 12, 2011 | $0.078 | OrdinaryDividend |
Dec 01, 2010 | $0.078 | OrdinaryDividend |
Nov 03, 2010 | $0.078 | OrdinaryDividend |
Oct 06, 2010 | $0.078 | OrdinaryDividend |
Sep 01, 2010 | $0.078 | OrdinaryDividend |
Aug 04, 2010 | $0.078 | OrdinaryDividend |
Jul 07, 2010 | $0.078 | OrdinaryDividend |
Jun 02, 2010 | $0.078 | OrdinaryDividend |
May 05, 2010 | $0.078 | OrdinaryDividend |
Apr 07, 2010 | $0.078 | OrdinaryDividend |
Mar 03, 2010 | $0.078 | OrdinaryDividend |
Feb 03, 2010 | $0.078 | OrdinaryDividend |
Jan 12, 2010 | $0.078 | OrdinaryDividend |
Dec 02, 2009 | $0.078 | OrdinaryDividend |
Nov 04, 2009 | $0.076 | OrdinaryDividend |
Oct 07, 2009 | $0.076 | OrdinaryDividend |
Sep 02, 2009 | $0.076 | OrdinaryDividend |
Aug 05, 2009 | $0.076 | OrdinaryDividend |
Jul 08, 2009 | $0.076 | OrdinaryDividend |
Jun 03, 2009 | $0.076 | OrdinaryDividend |
May 06, 2009 | $0.076 | OrdinaryDividend |
Apr 01, 2009 | $0.076 | OrdinaryDividend |
Mar 04, 2009 | $0.076 | OrdinaryDividend |
Feb 04, 2009 | $0.066 | OrdinaryDividend |
Jan 08, 2009 | $0.066 | OrdinaryDividend |
Dec 03, 2008 | $0.066 | OrdinaryDividend |
Nov 05, 2008 | $0.066 | OrdinaryDividend |
Oct 01, 2008 | $0.066 | OrdinaryDividend |
Sep 03, 2008 | $0.066 | OrdinaryDividend |
Aug 06, 2008 | $0.066 | OrdinaryDividend |
Jul 01, 2008 | $0.066 | OrdinaryDividend |
Jun 04, 2008 | $0.066 | OrdinaryDividend |
May 07, 2008 | $0.066 | OrdinaryDividend |
Apr 02, 2008 | $0.066 | OrdinaryDividend |
Mar 05, 2008 | $0.066 | OrdinaryDividend |
Feb 06, 2008 | $0.066 | OrdinaryDividend |
Jan 10, 2008 | $0.066 | OrdinaryDividend |
Dec 05, 2007 | $0.066 | OrdinaryDividend |
Nov 07, 2007 | $0.066 | OrdinaryDividend |
Oct 03, 2007 | $0.066 | OrdinaryDividend |
Sep 05, 2007 | $0.066 | OrdinaryDividend |
Aug 01, 2007 | $0.066 | OrdinaryDividend |
Jul 03, 2007 | $0.066 | OrdinaryDividend |
Jun 06, 2007 | $0.066 | OrdinaryDividend |
May 02, 2007 | $0.066 | OrdinaryDividend |
Apr 03, 2007 | $0.066 | OrdinaryDividend |
Mar 07, 2007 | $0.066 | OrdinaryDividend |
Feb 07, 2007 | $0.066 | OrdinaryDividend |
Jan 10, 2007 | $0.066 | OrdinaryDividend |
Dec 06, 2006 | $0.066 | OrdinaryDividend |
Nov 01, 2006 | $0.066 | OrdinaryDividend |
Oct 04, 2006 | $0.083 | OrdinaryDividend |
Sep 06, 2006 | $0.083 | OrdinaryDividend |
Aug 02, 2006 | $0.083 | OrdinaryDividend |
Jul 05, 2006 | $0.083 | OrdinaryDividend |
Jun 07, 2006 | $0.083 | OrdinaryDividend |
May 03, 2006 | $0.083 | OrdinaryDividend |
Apr 05, 2006 | $0.083 | OrdinaryDividend |
Mar 01, 2006 | $0.083 | OrdinaryDividend |
Feb 01, 2006 | $0.083 | OrdinaryDividend |
Jan 11, 2006 | $0.083 | OrdinaryDividend |
Dec 07, 2005 | $0.083 | OrdinaryDividend |
Nov 02, 2005 | $0.083 | OrdinaryDividend |
Oct 05, 2005 | $0.083 | OrdinaryDividend |
Sep 07, 2005 | $0.083 | OrdinaryDividend |
Aug 03, 2005 | $0.083 | OrdinaryDividend |
Jul 06, 2005 | $0.083 | OrdinaryDividend |
Jun 01, 2005 | $0.083 | OrdinaryDividend |
May 04, 2005 | $0.083 | OrdinaryDividend |
Apr 06, 2005 | $0.083 | OrdinaryDividend |
Mar 02, 2005 | $0.083 | OrdinaryDividend |
Feb 02, 2005 | $0.083 | OrdinaryDividend |
Jan 12, 2005 | $0.083 | OrdinaryDividend |
Dec 01, 2004 | $0.083 | OrdinaryDividend |
Nov 03, 2004 | $0.083 | OrdinaryDividend |
Oct 06, 2004 | $0.083 | OrdinaryDividend |
Sep 01, 2004 | $0.083 | OrdinaryDividend |
Aug 04, 2004 | $0.083 | OrdinaryDividend |
Jun 30, 2004 | $0.083 | OrdinaryDividend |
Jun 02, 2004 | $0.083 | OrdinaryDividend |
May 05, 2004 | $0.083 | OrdinaryDividend |
Mar 31, 2004 | $0.083 | OrdinaryDividend |
Mar 03, 2004 | $0.083 | OrdinaryDividend |
Feb 04, 2004 | $0.083 | OrdinaryDividend |
Jan 07, 2004 | $0.083 | OrdinaryDividend |
Dec 03, 2003 | $0.083 | OrdinaryDividend |
Nov 05, 2003 | $0.080 | OrdinaryDividend |
Oct 01, 2003 | $0.080 | OrdinaryDividend |
Sep 03, 2003 | $0.080 | OrdinaryDividend |
Jul 30, 2003 | $0.080 | OrdinaryDividend |
Jul 01, 2003 | $0.080 | OrdinaryDividend |
Jun 04, 2003 | $0.080 | OrdinaryDividend |
Apr 30, 2003 | $0.080 | OrdinaryDividend |
Apr 02, 2003 | $0.080 | OrdinaryDividend |
Mar 05, 2003 | $0.080 | OrdinaryDividend |
Feb 05, 2003 | $0.080 | OrdinaryDividend |
Jan 02, 2003 | $0.080 | OrdinaryDividend |
Dec 04, 2002 | $0.080 | OrdinaryDividend |
Oct 30, 2002 | $0.080 | OrdinaryDividend |
Oct 02, 2002 | $0.080 | OrdinaryDividend |
Sep 04, 2002 | $0.080 | OrdinaryDividend |
Jul 31, 2002 | $0.080 | OrdinaryDividend |
Jul 02, 2002 | $0.080 | OrdinaryDividend |
Jun 05, 2002 | $0.080 | OrdinaryDividend |
May 01, 2002 | $0.080 | OrdinaryDividend |
Mar 26, 2002 | $0.080 | OrdinaryDividend |
XAFBX - Fund Manager Analysis
Managers
Terrance Hults
Start Date
Tenure
Tenure Rank
Jan 29, 2002
20.35
20.4%
Terrance T. Hults is a member of the Tax-Exempt Fixed-Income Investment Policy Group. Prior to joining the firm, he was an associate in the Municipal Derivative Products department at Merrill Lynch Capital Markets, where he specialized in securities arbitrage. These transactions involved issuers and investors, as well as proprietary trading and utilized futures, options, interest-rate swaps, and other over-the-counter derivative structures. Mr. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York
Matthew Norton
Start Date
Tenure
Tenure Rank
Mar 21, 2022
0.19
0.2%
Matthew Norton is a Senior Vice President and Co-Head of Municipal Portfolio Management, responsible for overseeing municipal bond investing at AB. He is also a member of the Municipal Impact Investment Policy Group. Previously, Mr. Norton was a portfolio manager on the Municipal Bond team. He joined AB in 2005, focusing primarily on research in tax-exempt and taxable fixed-income markets. Prior to joining the firm, Mr. Norton worked as a statistical research analyst at St. Lawrence University, evaluating the accuracy of biometric devices. He holds a BS in economics and mathematics from St. Lawrence University and an MBA in economics and quantitative finance from the Leonard N. Stern School of Business at New York University. Location: New York
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.05 | 7.35 | 1.58 |