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.
Fund Family AllianceBernstein
Category Miscellaneous Fixed Income
Performance Rating High
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol MISHX
Index Bloomberg Municipal Bond TR
MISHX had a total return of 6.27% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.28%.
