ABTYX

About ABTYX

AB High Income Municipal Portfolio Advisor Class is an actively managed mutual fund specializing in high-yield municipal bonds. Its primary goal is to maximize tax-exempt income while managing credit and interest rate risk, focusing mainly on municipal securities that are exempt from federal income tax. The fund invests at least 80% of its net assets in a diverse mix of investment-grade and non-investment-grade municipal bonds from U.S. issuers, including those rated below BBB, which are considered high-yield within the municipal bond market. Emphasizing more-liquid, midgrade municipal bonds, the fund aims to provide flexibility and stability during market volatility, leveraging AllianceBernstein’s extensive fixed income research capabilities. With over 800 holdings and a substantial asset base, it offers investors exposure to a broad segment of the municipal market, including sectors like healthcare, infrastructure, and education. The portfolio’s benchmark is the Bloomberg Municipal Index, reflecting its focus on risk-adjusted after-tax returns for investors who seek income exempt from federal taxes, subject to alternative minimum tax provisions for certain securities.