AllianceBernstein Fund Q2 NAV Falls to $12.01, Earns $0.15 Income per Share
AFB•AllianceBernstein National Municipal Income Fund reported net assets of $345.3M as of April 30, 2026, down from $347.5M at January-end and up from $337.9M a year earlier, with NAV per share at $12.01. The fund posted $4.31M net investment income ($0.15/share) and a $2.18M unrealized loss ($0.08/share) in Q2.
1. Net Assets and NAV Trends
AllianceBernstein National Municipal Income Fund ended April 30, 2026, with total net assets of $345.3 million, a slight decrease from $347.5 million at January 31, 2026, but an increase from $337.9 million a year earlier. NAV per share fell to $12.01 from $12.09 last quarter and rose from $11.76 year-over-year.
2. Investment Income Performance
For the second fiscal quarter, the fund generated $4.31 million of net investment income, or $0.15 per share, compared to $4.78 million ($0.17 per share) in the prior quarter and $3.36 million ($0.12 per share) in the same period last year, reflecting changes in municipal bond yields and portfolio allocations.
3. Realized and Unrealized Losses
The fund recorded a $2.18 million net realized and unrealized loss, or $0.08 per share, narrower than the $3.70 million loss ($0.13 per share) in Q1 2026 and significantly smaller than the $19.05 million loss ($0.66 per share) in Q2 2025, driven by market volatility and interest rate movements.
