ANIYX

About ANIYX

AB Intermediate New York Municipal Portfolio Advisor Class is an actively managed municipal bond mutual fund focused on the New York state market. Its primary objective is to provide safety of principal and maximize after-tax total return by primarily investing in municipal securities issued by the state of New York and its subdivisions. These bonds are chosen with an emphasis on high credit quality, with at least 80% of holdings rated A or higher by nationally recognized rating organizations, and an effective portfolio duration generally ranging from three and a half to seven years. This structure aims to balance income generation with interest rate sensitivity, while mitigating credit risk. The fund is designed to offer federally and New York state tax-exempt income, making it especially relevant for investors seeking tax efficiency within these jurisdictions. It distributes dividends monthly and features a competitive expense ratio among peer funds. AB Intermediate New York Municipal Portfolio Advisor Class plays a significant role in the municipal bond sector, supporting public finance initiatives across New York and facilitating stable cash flows for income-focused investors. Managed by AllianceBernstein, it leverages a systematic, data-driven process to adapt to market conditions and maintain exposure to high-quality municipal debt.