AllianceBernstein National Municipal Income Fund (AFB) Total Return Calculator
$10,000 since Dec 2007, with and without reinvesting · data through Oct 2026
$10,000 invested in AllianceBernstein National Municipal Income Fund (AFB) ten years ago, at the end of Oct 2016, was worth $11,639 at the end of Oct 2026 with every dividend reinvested: 1.5% a year, against $41,633 in the S&P 500. Since Dec 2007, $10,000 became $21,207 reinvested (4.1% a year), or $18,001 taking the dividends as cash, $10,262 of it paid out along the way.
AFB became
$21,207
S&P 500: $72,756
Return a year
4.1%
S&P 500: 11.1%
Payouts reinvested
$17,522
bought more shares
Worst drop
-34.9%
S&P 500: -48.2%
$10,000, Dec 2007 to Oct 2026
Payouts reinvested · S&P 500 reinvested
| Year | AFB total return | Paid out | S&P 500 |
|---|---|---|---|
| 2026 (part) | +0.4% | $1,086 | +11.7% |
| 2025 | +5.1% | $1,104 | +17.7% |
| 2024 | +4.1% | $760 | +24.9% |
| 2023 | +7.4% | $684 | +26.2% |
| 2022 | −25.9% | $884 | −18.2% |
| 2021 | +7.2% | $1,293 | +28.7% |
| 2020 | +7.8% | $1,147 | +18.3% |
| 2019 | +19.4% | $873 | +31.2% |
| 2018 | −5.4% | $781 | −4.6% |
| 2017 | +6.8% | $1,020 | +21.7% |
| 2016 | −0.1% | $835 | +12.0% |
| 2015 | +6.4% | $977 | +1.2% |
| 2014 | +17.3% | $1,018 | +13.5% |
| 2013 | −13.5% | $1,038 | +32.3% |
| 2012 | +11.7% | $986 | +16.0% |
| 2011 | +21.7% | $819 | +1.9% |
| 2010 | +3.2% | $820 | +15.1% |
| 2009 | +52.2% | $747 | +26.4% |
| 2008 | −24.3% | $651 | −36.8% |
"Paid out" is what your holding received that year. Month-end prices; no costs or taxes.
Key facts: AFB total return
Data as of · Source: SmarterDividends data
- $10,000 invested in AllianceBernstein National Municipal Income Fund (AFB) at the end of Dec 2007, with dividends reinvested, was worth $21,207 at the end of Oct 2026: 4.1% a year, against $72,756 (11.1% a year) in the S&P 500.
- Over the 10 years to Oct 2026, AFB turned $10,000 into $11,639 with dividends reinvested, 1.5% a year.
- Over the 5 years to Oct 2026, AFB returned -2.5% a year with dividends reinvested (S&P 500: 12.0%).
- Taking AFB's dividends as cash instead of reinvesting them, the same $10,000 ended at $18,001, including $10,262 of cash received; reinvesting added $3,206.
- AFB's best calendar year in that time was 2009 (52.2%) and its worst 2022 (-25.9%), with dividends reinvested.
Cite this page
SmarterDividends, "AllianceBernstein National Municipal Income Fund (AFB) Total Return Calculator," updated Nov 5, 2026, https://smarterdividends.com/stocks/AFB/total-return
AFB total return questions
If I invested $10,000 in AFB 10 years ago, how much would I have?
About $11,639 at the end of Oct 2026, with every dividend reinvested: 1.5% a year. Taking them as cash, you'd have shares worth $7,482 or so plus the cash you received. The same $10,000 in the S&P 500 became $41,633.
What is AFB's total return since Dec 2007?
112% in total, or 4.1% a year, through Oct 2026 with dividends reinvested. The share price alone fell 23%.
How much of AFB's return came from dividends?
About 100% of its yearly return since Dec 2007. Reinvesting them, rather than taking cash, left you $3,206 better off on a $10,000 start.
What was AFB's worst year?
2022, at -25.9% with dividends reinvested (S&P 500: -18.2%). Its deepest fall from a peak, on month-end values, was -34.9%.
How is total return calculated here?
From month-end prices: the adjusted price counts every dividend reinvested in the month it was paid; the plain price doesn't. The S&P 500 is SPY with its dividends reinvested. No trading costs or taxes.