AB Municipal Income Fund National Portfolio Class A ALTHX

Medalist Rating as of Sep 30, 2026 See AllianceBernstein Investment Hub

NAV / 1-Day Return$9.32 / −0.53%
Fund Size$1.6B
Adjusted Expense Ratio0.750%
Net Expense Ratio0.750%
Fee Level: DistributionAverage
Share Class TypeFront Load
Morningstar CategoryMuni National Intermediate
Fixed-Income Style Box (Funds)—
Minimum Initial Investment$2,500
Investment StatusOpen
TTM Yield3.67%
Average Effective Duration8.26 yrs

NAV and 1-Day Return as of Nov 14, 2026, 1:11:02 AM

Will ALTHX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ALTHX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ALTHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ALTHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

AB Municipal Income National A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings ALTHX

More ALTHX Holdings

Current Portfolio DateSep 30, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings7.1

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
LAMAR TEX CONS INDPT SCH DIST 5.5%	1.07	19M	municipal
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%	0.91	16M	municipal
TACOMA WASH ELEC SYS REV 5.25%	0.81	15M	municipal
NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%	0.76	14M	municipal
CALIFORNIA MUN FIN AUTH REV 5%	0.65	12M	municipal
PRIVATE COLLEGES & UNIVS AUTH GA REV 5%	0.65	12M	municipal
SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%	0.60	11M	municipal
PORT SEATTLE WASH REV 5%	0.58	10M	municipal
PASCO CNTY FLA HOSP REV 5%	0.57	10M	municipal
MIAMI-DADE CNTY FLA AVIATION REV 5%	0.56	10M	municipal

AB Municipal Income Fund National Portfolio Class A ALTHX

Morningstar’s Analysis ALTHX

Will ALTHX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings ALTHX

LAMAR TEX CONS INDPT SCH DIST 5.5%

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

TACOMA WASH ELEC SYS REV 5.25%

NEW YORK TRANSN DEV CORP SPL FAC REV 5.5%

CALIFORNIA MUN FIN AUTH REV 5%

PRIVATE COLLEGES & UNIVS AUTH GA REV 5%

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

PORT SEATTLE WASH REV 5%

PASCO CNTY FLA HOSP REV 5%

MIAMI-DADE CNTY FLA AVIATION REV 5%

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