AB Municipal Income Shares (MISHX)
| Fund Assets | 15.28B |
| Expense Ratio | 0.22% |
| Min. Investment | $0.00 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.51 |
| Dividend Yield | 4.70% |
| Dividend Growth | 6.69% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 10.78 |
| YTD Return | -2.11% |
| 1-Year Return | 0.09% |
| 5-Year Return | 8.15% |
| 52-Week Low | 10.64 |
| 52-Week High | 11.51 |
| Beta (5Y) | 0.33 |
| Holdings | 2197 |
| Inception Date | Sep 1, 2010 |
About MISHX
AB Municipal Income Fund is an open-end mutual fund that specializes in generating a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, targeting both investment-grade and high-yield (non-investment grade) bonds issued by state and local governments throughout the United States. Its holdings span a wide range of sectors that finance public infrastructure, such as transportation, healthcare, energy, and education projects. The fund actively manages interest rate and credit risk, utilizing strategies such as investment in variable and floating-rate securities, derivatives, and tender option bond transactions to enhance yield and maintain portfolio flexibility. Management emphasizes a balance between seeking competitive tax-exempt income and maintaining an appropriate risk profile. The AB Municipal Income Fund also features a low expense ratio, monthly dividend distributions, and a broad, multi-state approach, making it a significant participant in the national municipal bond market and an important vehicle for investors seeking income with potential tax benefits.
Performance
MISHX had a total return of 0.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.89%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FZIAX | Fidelity | Fidelity Advisor Intermediate Municipal Income Fund - Class A | 0.68% |
| FHUGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class A | 0.77% |
| FROGX | Fidelity | Fidelity Advisor Municipal Income Fund - Class I | 0.52% |
| FIWAX | Fidelity | Fidelity Advisor Limited Term Municipal Income Fund - Class Z | 0.25% |
| FSTFX | Fidelity | Fidelity Limited Term Municipal Income Fund | 0.29% |
Top 10 Holdings
6.96% of assets| Name | Symbol | Weight |
|---|---|---|
| AB Government Money Market Portfolio | MYMXX | 1.77% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 0.78% |
| TOBACCO SETTLEMENT FING CORP N J 5% | NJ.TOBGEN 5 06.01.2046 | 0.72% |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25% | CA.CCEDEV 01.01.2054 | 0.62% |
| COLORADO HEALTH FACS AUTH REV 5% | CO.COSMED 5 08.01.2044 | 0.59% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 01.01.2056 | 0.58% |
| LOUISIANA PUB FACS AUTH REV 5.75% | LA.LASFAC 5.75 09.01.2064 | 0.52% |
| CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 9.5% | CA.CASDEV 01.01.2065 | 0.49% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5% | KY.KYSPWR 01.01.2055 | 0.46% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5% | NY.NYTTRN 5 06.30.2060 | 0.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.04196 | Jun 30, 2025 |
| May 30, 2025 | $0.04583 | May 30, 2025 |
| Apr 30, 2025 | $0.04244 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0402 | Mar 31, 2025 |
| Feb 28, 2025 | $0.03959 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04612 | Jan 31, 2025 |