AB Tax-Aware Fixed Income Opportunities Portfolio Advisor Class is a mutual fund designed to maximize after-tax return and income for investors by primarily investing in fixed-income securities, with a strong focus on municipal bonds. This fund allocates at least 80% of its net assets to fixed-income instruments and 65% to municipal securities whose interest is generally exempt from federal income tax. The portfolio employs an active management approach, leveraging a combination of high-grade municipal bonds, municipal credits, and selective use of taxable bonds to potentially boost returns and manage volatility. With a targeted duration of 4 to 7 years, the fund aims to balance interest rate risk and credit opportunities. Its holdings are diversified across many states and sectors, contributing to risk mitigation. The fund is particularly relevant for investors seeking tax-advantaged income, and it occupies a significant role within the municipal national intermediate category by providing consistent monthly income distribution and focusing on after-tax performance for a broad investor base.
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