AUNAX

About AUNAX

AB Municipal Bond Inflation Strategy Fund Class A is an actively managed municipal bond mutual fund designed to maximize real after-tax return while aiming to preserve principal. The fund primarily invests in high-quality, predominantly investment‑grade municipal securities whose interest is exempt from federal income tax, focusing on short‑ and intermediate‑term maturities to help manage interest‑rate sensitivity. To address inflation risk, the strategy incorporates tax‑efficient inflation hedges, such as inflation swap agreements or other inflation‑protected instruments, creating a distinctive structure relative to traditional inflation options like Treasury Inflation‑Protected Securities. The portfolio spans a broad range of state and local issuers and essential-service revenue sectors, providing diversified exposure to public finance projects and infrastructure. In the municipal market, this fund’s role is to pair tax‑advantaged income with explicit inflation protection, seeking steadier real purchasing power across cycles. It is part of a larger fixed‑income platform and maintains a front‑load share class with ongoing expenses typical for actively managed muni strategies.