SNDPX

About SNDPX

AB Intermediate Diversified Municipal Portfolio is an open-end municipal bond fund designed to deliver federally tax‑exempt income with an emphasis on capital preservation. The portfolio invests primarily in short‑ to intermediate‑term municipal securities, maintaining a conservative credit profile with a large majority of holdings rated A or higher to manage default risk and dampen volatility. It spans a wide range of issuers and sectors—such as state transportation authorities, education loan programs, and utility and energy systems—providing broad diversification across geographies and revenue sources. Positioned in the Muni National Short category, the strategy targets limited interest‑rate sensitivity while seeking stable income through a laddered, research‑driven approach. The fund’s sizable asset base, extensive bond count, and relatively small concentration in top positions reflect a diversified structure intended to mitigate idiosyncratic risk. By focusing on tax‑exempt cash flows and disciplined duration management, AB Intermediate Diversified Municipal Portfolio plays a role as a core municipal allocation for investors prioritizing steady income, high credit quality, and risk-aware exposure to the U.S. municipal market.