AllianceBernstein National Municipal Income Fund (AFB)

• Market cap: $298M
• 1 day: -0.10%
• 5 days: 2.27%
• 1 month: -4.25%
• 3 months: -6.16%
• 6 months: -7.83%
• Year to date: -4.95%
• 1 year: -1.61%
• 5 years: -16.25%
• 10 years: -23.09%
• Sector: Financials
• Industry: Asset Management

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.

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

13% more repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 23

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

4.85% more ownership

Funds ownership: 55.6% [Q3] → 60.45% (+4.85%) [Q4]

0% more capital invested

Capital invested by funds: $188M [Q3] → $189M (+$854K) [Q4]

3% less funds holding

Funds holding: 79 [Q3] → 77 (-2) [Q4]