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Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB Tax-Aware Fixed Income Opportunities Portfolio

ATTYX | Fund

$10.42

$573 M

0.00%

0.75%

Vitals

YTD Return

-0.3%

1 yr return

3.9%

3 Yr Avg Return

-0.5%

5 Yr Avg Return

2.2%

Net Assets

$573 M

Holdings in Top 10

15.7%

52 WEEK LOW AND HIGH

$10.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 30.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AB Tax-Aware Fixed Income Opportunities Portfolio

ATTYX | Fund

$10.42

$573 M

0.00%

0.75%

ATTYX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return -0.5%
  • 5 Yr Annualized Total Return 2.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.05%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Tax-Aware Fixed Income Opportunities Portfolio
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Dec 11, 2013
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Terrance Hults

Fund Description

The Fund pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities. The Fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. The Fund also invests, under normal circumstances, at least 65% of its total assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax (“AMT”) for certain taxpayers. The income earned and distributed to shareholders on non-municipal securities would not be exempt from federal income tax. The Fund may invest in fixed-income securities rated below investment grade (commonly known as “junk bonds”), although such securities are not expected to be the Fund’s primary focus.
The Adviser selects securities for the Fund based on a variety of factors, including credit quality, maturity, diversification benefits, and the relative expected after-tax returns of taxable and municipal securities (considering federal tax rates and without regard to state and local income taxes). As the objective is to increase the after-tax return of the Fund, an investor in the Fund may incur a tax liability that will generally be greater than the same investor would have in a fund investing exclusively in municipal securities, and that will be higher if the investor is in a higher tax bracket. In addition, the tax implications of the Fund’s trading activity, such as realizing taxable gains, are considered in making purchase and sale decisions for the Fund. The Fund may invest in fixed-income securities of any maturity from short- to long-term.
The Fund may also invest in forward commitments, zero-coupon municipal securities and variable, floating and inverse floating-rate municipal securities.
The Fund may use derivatives, such as swaps, options, futures contracts and forwards, to achieve its investment strategies. For example, the Fund may enter into tender option bonds (“TOBs”) and credit default and interest rate swaps relating to municipal and taxable fixed-income securities or securities indices. Derivatives may provide more efficient and economical exposure to fixed-income securities markets than direct investments.
Read More

ATTYX - Performance

Return Ranking - Trailing

Period ATTYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -4.7% 10.2% 17.82%
1 Yr 3.9% -3.9% 31.6% 7.20%
3 Yr -0.5%* -11.3% 2.5% 15.97%
5 Yr 2.2%* -6.0% 1102.0% 3.20%
10 Yr 2.6%* -0.4% 248.1% 11.29%

* Annualized

Return Ranking - Calendar

Period ATTYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -1.4% 41.0% 47.95%
2022 -11.7% -39.7% 0.3% 52.08%
2021 3.3% -5.6% 6.9% 1.73%
2020 1.3% -2.6% 310.0% 71.78%
2019 5.7% 0.0% 26.0% 7.38%

Total Return Ranking - Trailing

Period ATTYX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -4.7% 10.2% 17.82%
1 Yr 3.9% -3.9% 31.6% 7.20%
3 Yr -0.5%* -11.3% 2.5% 15.97%
5 Yr 2.2%* -6.0% 1102.0% 3.20%
10 Yr 2.6%* -0.4% 248.1% 11.29%

* Annualized

Total Return Ranking - Calendar

Period ATTYX Return Category Return Low Category Return High Rank in Category (%)
2023 7.3% -1.3% 41.0% 12.80%
2022 -9.2% -39.7% 1.1% 49.70%
2021 5.6% -4.8% 23761504.0% 2.32%
2020 5.0% -1.5% 17057.9% 15.13%
2019 8.8% 0.2% 3514.6% 7.52%

NAV & Total Return History

ATTYX - Holdings

Concentration Analysis

ATTYX Category Low Category High ATTYX % Rank
Net Assets 573 M 3.22 M 71.9 B 43.34%
Number of Holdings 662 2 13067 17.19%
Net Assets in Top 10 86.1 M -317 M 3.4 B 47.25%
Weighting of Top 10 15.66% 1.9% 100.4% 59.38%

Top 10 Holdings

  1. United States Treasury Bill - WI Post Auction 3.79%
  2. SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE 1.93%
  3. LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS CMNTY DEV AUTH REVE 1.82%
  4. AB Fixed Income Shares, Inc. - Government Money Market Portfolio 1.60%
  5. IOWA ST FIN AUTH REVENUE 1.29%
  6. ILLINOIS ST 1.24%
  7. PRIV CLGS UNIVS AUTH GA 1.07%
  8. CALIFORNIA ST 1.05%
  9. OREGON ST FACS AUTH REVENUE 0.95%
  10. NEW YORK NY 0.92%

Asset Allocation

Weighting Return Low Return High ATTYX % Rank
Bonds 		96.32% 0.00% 150.86% 81.01%
Cash 		5.40% -50.86% 50.09% 8.27%
Other 		0.63% -8.54% 33.35% 4.40%
Stocks 		0.00% 0.00% 99.81% 66.34%
Preferred Stocks 		0.00% 0.00% 0.52% 62.64%
Convertible Bonds 		0.00% 0.00% 0.93% 62.56%

Bond Sector Breakdown

Weighting Return Low Return High ATTYX % Rank
Municipal 		90.36% 44.39% 100.00% 93.96%
Cash & Equivalents 		5.40% 0.00% 48.02% 5.82%
Corporate 		1.82% 0.00% 9.41% 1.49%
Securitized 		0.69% 0.00% 5.93% 0.32%
Derivative 		0.29% -8.54% 23.38% 2.97%
Government 		0.00% 0.00% 52.02% 65.61%

Bond Geographic Breakdown

Weighting Return Low Return High ATTYX % Rank
US 		96.32% 0.00% 142.23% 77.89%
Non US 		0.00% 0.00% 23.89% 66.52%

ATTYX - Expenses

Operational Fees

ATTYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.01% 20.65% 49.06%
Management Fee 0.45% 0.00% 1.20% 61.76%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

ATTYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

ATTYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ATTYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 30.00% 0.00% 283.00% 79.18%

ATTYX - Distributions

Dividend Yield Analysis

ATTYX Category Low Category High ATTYX % Rank
Dividend Yield 0.00% 0.00% 14.56% 2.84%

Dividend Distribution Analysis

ATTYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ATTYX Category Low Category High ATTYX % Rank
Net Income Ratio 2.05% -0.53% 5.33% 44.70%

Capital Gain Distribution Analysis

ATTYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

ATTYX - Fund Manager Analysis

Managers

Terrance Hults

Start Date

Tenure

Tenure Rank

Dec 11, 2013

8.47

8.5%

Terrance T. Hults is a member of the Tax-Exempt Fixed-Income Investment Policy Group. Prior to joining the firm, he was an associate in the Municipal Derivative Products department at Merrill Lynch Capital Markets, where he specialized in securities arbitrage. These transactions involved issuers and investors, as well as proprietary trading and utilized futures, options, interest-rate swaps, and other over-the-counter derivative structures. Mr. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York

Matthew Norton

Start Date

Tenure

Tenure Rank

Jan 30, 2017

5.33

5.3%

Matthew Norton is a Senior Vice President and Co-Head of Municipal Portfolio Management, responsible for overseeing municipal bond investing at AB. He is also a member of the Municipal Impact Investment Policy Group. Previously, Mr. Norton was a portfolio manager on the Municipal Bond team. He joined AB in 2005, focusing primarily on research in tax-exempt and taxable fixed-income markets. Prior to joining the firm, Mr. Norton worked as a statistical research analyst at St. Lawrence University, evaluating the accuracy of biometric devices. He holds a BS in economics and mathematics from St. Lawrence University and an MBA in economics and quantitative finance from the Leonard N. Stern School of Business at New York University. Location: New York

Andrew Potter

Start Date

Tenure

Tenure Rank

Jan 31, 2018

4.33

4.3%

Andrew Potter is a Vice President and Portfolio Manager on the Municipal Bond team, which oversees tax-exempt investing at AllianceBernstein. He joined the team in 2007 as an associate portfolio manager (APM), responsible for monitoring risk exposures and implementing investment strategy across the firm’s tax-aware fixed-income platform. In 2013, Mr. Potter took on additional responsibility as supervisor for the team’s APMs. He moved into his current role in 2015, shifting his focus toward developing portfolio strategy. Mr. Potter holds a BA in physics with a minor in economics from Colgate University. He is a CFA charterholder and a member of the CFA Society New York. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.37 1.58

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