abrdn National Municipal Income Fund

Established in 1993, this closed-end municipal bond fund is launched and managed by abrdn Inc., a global asset manager headquartered in Philadelphia. The fund's primary objective is to generate tax-exempt income by investing in investment-grade municipal debt obligations issued across the United States. Its portfolio includes airport revenue bonds, hospital revenue bonds, public power revenue bonds, school district general obligation bonds, pre-refunded bonds, and escrowed-to-maturity bonds, along with short-term investments to manage liquidity.

The fund measures its performance against the Barclays Municipal Bond Index and the Lipper CE General & Insured Municipal Debt Funds (Leveraged) Average. As a closed-end fund structure, it trades on the NYSE under ticker VFL and maintains a relatively modest asset base within the asset management industry. The fund operates as a single-product vehicle focused on municipal fixed income, generating returns primarily through interest income derived from its bond holdings. Its appeal is directed toward investors seeking federal tax-exempt income, particularly those in higher tax brackets.