abrdn National Municipal Income Fund Overview
Pro stress-test →abrdn National Municipal Income Fund is a closed-ended fixed income mutual fund managed by abrdn Inc. that primarily invests in investment grade municipal obligations, with income exempt from federal income taxes. The fund distributes income to shareholders on a monthly basis and was formed on February 26, 1993.
Strategic Profile
Pro stress-test →As of June 1, 2026, the Board of Trustees removed a non-fundamental investment policy that had restricted VFL from investing more than 20% of its portfolio in high-yield municipal securities. In December 2025, the Board approved the reorganization of VFL into MFS Municipal Income Trust (NYSE: MFM), with the reorganization expected to close in the second quarter of 2026.
Competitive Landscape
Pro stress-test →VFL operates in the closed-end municipal bond fund space, competing with other tax-advantaged municipal income strategies. The fund competes on distribution yield, NAV performance, and discount-to-NAV trading spreads. Key peers include other municipal income closed-end funds managed by major asset managers.
Industry Context
abrdn National Municipal Income Fund operates in Closed-End Municipal Bond Funds.
Key facts
Founded: 1993 · Headquarters: Philadelphia, US · Market cap: $125.2M