About ALTVX
AB Municipal Income Fund, Inc. – National Portfolio Advisor Class is a diversified mutual fund primarily focused on municipal fixed income securities. Its main purpose is to generate income that is exempt from federal income taxes, by investing at least 80% of its assets in municipal bonds, predominantly of investment-grade quality, though it may also hold select high-yield issues. The fund targets the intermediate segment of the yield curve to manage interest rate risk and to capture favorable risk-adjusted returns, maintaining an effective duration around 6 years. Its portfolio spans various sectors, including transportation, healthcare, and education, as reflected in its holdings of municipal bonds issued by state and local governments and related authorities across the U.S.. With a long-term, income-oriented approach, AB Municipal Income Fund, Inc. – National Portfolio Advisor Class serves investors seeking tax-advantaged income and diversification within the municipal bond market. It is managed by AllianceBernstein’s experienced municipal bond team, leveraging systematic and data-driven investment processes to remain adaptable in evolving market conditions.
Fund Family AllianceBernstein
Category Muni National Interm
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol ALTVX
Share Class Advisor Class
Index Bloomberg Municipal Bond TR
ALTVX had a total return of 5.55% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.40%.
