Morningstar

AB High Income Municipal Portfolio Advisor Class ABTYX

Morningstar Medalist Rating
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Medalist Rating as of See AllianceBernstein Investment Hub
  • NAV / 1-Day Return $9.52  /  0.00
  • Fund Size $2.4B
  • Adjusted Expense Ratio 0.550%
  • Net Expense Ratio 0.970%
  • Fee Level: Distribution Average
  • Share Class Type No Load
  • Morningstar Category High Yield Muni
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 5.15%
  • Average Effective Duration 9.51 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis ABTYX

Will ABTYX outperform in the 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 ABTYX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Aggressive high-yield offering.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

AB High Income Municipal’s broader team has grown, yet it has more to prove in delivering consistent, strong decision-making in the high-yield municipal market.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings ABTYX

More ABTYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 5%

1.46 46M
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

1.32 42M
municipal

PUBLIC FIN AUTH WIS REV 5.75%

0.75 24M
municipal

TOBACCO SETTLEMENT FING CORP VA 5%

0.73 23M
municipal

ARC70 II TR CALIF 5%

0.66 21M
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.25%

0.65 21M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 0%

0.65 21M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA COMMODITY SUPPLY REV 5%

0.63 20M
municipal

BRISTOL TENN INDL DEV BRD ST SALES TAX REV PINNACLE 5.125%

0.59 19M
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

0.59 19M
municipal

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