Abrdn National Municipal Income Fund Q1 2026 Commentary
The abrdn National Municipal Income Fund reported a net asset value return of -0.76% for Q1 2026, underperforming its benchmark. The Fund's performance was negatively impacted by AA and A-rated bonds, while non-rated bonds provided a positive contribution. Lower leverage costs compared to the previous quarter also benefited the Fund's overall performance.
- ▪The Fund's return of -0.76% was worse than the Bloomberg Municipal Bond Index's return of -0.18%.
- ▪AA and A-rated bonds detracted from the Fund's performance, while non-rated bonds contributed positively.
- ▪Leverage costs were lower in Q1 2026, averaging 1.99% according to the Securities Industry and Financial Markets Association.
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