Morningstar

AB High Income Municipal Portfolio Class Z ABTZX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 10.26  /  0.00
  • Total Assets 2.8B
  • Adj. Expense Ratio
    0.540%
  • Expense Ratio 0.870%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category High Yield Muni
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.61%
  • Effective Duration 10.51 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis ABTZX

Will ABTZX 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 ABTZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ABTZX 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 ABTZX’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 ABTZX

More ABTZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MARYLAND ST STAD AUTH REV 0.05%

1.51 48M
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

1.32 42M
municipal

PUBLIC FIN AUTH WIS REV 5.75%

0.78 25M
municipal

TOBACCO SETTLEMENT FING CORP VA 5%

0.76 24M
municipal

ARC70 II TR CALIF 5%

0.67 21M
municipal

SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 5.25%

0.66 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%

0.64 20M
municipal

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

0.60 19M
municipal

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

0.60 19M
municipal

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