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Morningstar

AB High Income Municipal C ABTFX

Morningstar Analyst Rating
Analyst rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 10.53  /  0.17 %
  • Total Assets 3.0 Bil
  • Adj. Expense Ratio
    1.530%
  • Expense Ratio 1.600%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.14%
  • Effective Duration 10.75 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:07 PM GMT+00:00

Morningstar’s Analysis ABTFX

Will ABTFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABTFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ABTFX 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 ABTFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A reasonable approach, but expect higher volatility.

Associate Analyst

Summary

| by Elizabeth Templeton

AB High Income Municipal Portfolio boasts an experienced team that leverages quantitative resources to implement a structured process. However, these quant tools have not yet shown an edge while investing in the high-yield municipal market. The strategy receives a Morningstar Analyst Rating of Neutral for all share classes.

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