ABTHX

About ABTHX

AB High Income Municipal Portfolio Class A is a mutual fund specializing in high-yielding municipal securities, primarily targeting investors seeking federally tax-exempt income. The portfolio invests at least 80% of its assets in municipal bonds, including both investment grade and non-investment grade (high-yield or "junk") securities, and may include bonds subject to the alternative minimum tax for certain investors. A notable feature of the fund is its focus on the more liquid segments within the midgrade municipal bond market, which enhances portfolio flexibility in changing market conditions. The strategy emphasizes maximizing risk-adjusted after-tax returns by leveraging AllianceBernstein's proprietary research and active management expertise. With a typically longer effective duration and exposure across various sectors such as state tobacco settlement revenue and public infrastructure, the fund plays a role as a specialist income solution within fixed-income allocations, particularly for those aiming to mitigate federal tax liability through municipal bond exposure.