About ABTYX
AB High Income Municipal Portfolio Advisor Class is an actively managed mutual fund specializing in high-yield municipal bonds. Its primary goal is to maximize tax-exempt income while managing credit and interest rate risk, focusing mainly on municipal securities that are exempt from federal income tax. The fund invests at least 80% of its net assets in a diverse mix of investment-grade and non-investment-grade municipal bonds from U.S. issuers, including those rated below BBB, which are considered high-yield within the municipal bond market. Emphasizing more-liquid, midgrade municipal bonds, the fund aims to provide flexibility and stability during market volatility, leveraging AllianceBernstein’s extensive fixed income research capabilities. With over 800 holdings and a substantial asset base, it offers investors exposure to a broad segment of the municipal market, including sectors like healthcare, infrastructure, and education. The portfolio’s benchmark is the Bloomberg Municipal Index, reflecting its focus on risk-adjusted after-tax returns for investors who seek income exempt from federal taxes, subject to alternative minimum tax provisions for certain securities.
Fund Family AllianceBernstein
Category High Yield Muni
Performance Rating Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol ABTYX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR
ABTYX had a total return of -2.77% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.31%.
