AIDAX

About AIDAX

AB Intermediate Diversified Municipal Portfolio Class A is an actively managed mutual fund focused on U.S. municipal bonds with an intermediate interest-rate profile. Its primary objective is to provide tax-exempt income and maximize total after-tax return by investing broadly across states and sectors in investment-grade munis, while managing volatility through short- to intermediate-term duration positioning. The portfolio emphasizes credit quality—AllianceBernstein highlights that a substantial share of holdings are rated A or higher—and diversifies widely, with hundreds of bonds and a modest concentration in the top positions. The fund targets essential-service and revenue-backed issuers such as transportation, education, and energy-related authorities, reflecting a cross‑sector approach within the municipal market. Within the Muni National Short category, it is designed to balance income stability and interest-rate sensitivity, aiming to limit drawdowns relative to longer-duration strategies. Regular monthly distributions and a long operating history support its role as a core tax‑sensitive fixed income holding for investors seeking federally tax‑exempt income and broad municipal diversification.