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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.71

$1.81 B

3.00%

$0.29

0.75%

Vitals

YTD Return

2.6%

1 yr return

-7.4%

3 Yr Avg Return

-2.9%

5 Yr Avg Return

-1.0%

Net Assets

$1.81 B

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$9.7
$9.09
$10.54

Expenses

OPERATING FEES

Expense Ratio 0.75%

SALES FEES

Front Load 3.00%

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$2,500


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$9.71

$1.81 B

3.00%

$0.29

0.75%

ALTHX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.21%
DIVIDENDS
  • Dividend Yield 3.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Municipal Income Fund National Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Dec 29, 1986
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Terrance Hults

Fund Description

The Portfolio pursues its objective by investing principally in high-yielding, predominantly investment grade municipal securities. As a matter of fundamental policy, the Portfolio invests, under normal circumstances, at least 80% of its net 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 Portfolio may invest more than 25% of its assets in a single state.
The Portfolio may also invest in:
  
forward commitments; 
tender option bonds (“TOBs”); 
zero-coupon municipal securities and variable, floating and inverse floating-rate municipal securities; and 
derivatives, such as options, futures contracts, forwards and swaps. 
Read More

ALTHX - Performance

Return Ranking - Trailing

Period ALTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -86.8% 7.5% 35.28%
1 Yr -7.4% -20.9% 15.7% 70.17%
3 Yr -2.9%* -10.2% 52.2% 57.65%
5 Yr -1.0%* -5.0% 29.7% 58.70%
10 Yr -0.9%* -3.2% 13.6% 48.91%

* Annualized

Return Ranking - Calendar

Period ALTHX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.1% -91.1% 101.7% 63.21%
2021 0.3% -79.2% 102.5% 29.34%
2020 0.7% -66.1% 60.0% 23.33%
2019 1.0% -57.4% 7.6% 38.19%
2018 -0.5% -35.9% 3.2% 59.76%

Total Return Ranking - Trailing

Period ALTHX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -86.8% 7.5% 35.95%
1 Yr -7.4% -20.9% 15.4% 70.44%
3 Yr -2.9%* -10.2% 52.2% 58.95%
5 Yr -1.0%* -5.0% 29.7% 62.28%
10 Yr -0.9%* -3.2% 13.6% 54.65%

* Annualized

Total Return Ranking - Calendar

Period ALTHX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.1% -91.1% 101.7% 63.18%
2021 0.3% -79.2% 102.5% 29.42%
2020 0.7% -66.1% 60.0% 23.37%
2019 1.0% -57.4% 7.6% 39.09%
2018 -0.5% -35.9% 3.2% 61.24%

NAV & Total Return History


ALTHX - Holdings

Concentration Analysis

ALTHX Category Low Category High ALTHX % Rank
Net Assets 1.81 B 2.87 M 73.9 B 20.34%
Number of Holdings 595 1 14000 17.41%
Net Assets in Top 10 191 M -317 M 8.64 B 16.24%
Weighting of Top 10 10.78% 2.4% 100.0% 83.00%

Top 10 Holdings

  1. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  2. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  3. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  4. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  5. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  6. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  7. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  8. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  9. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%
  10. Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 3.53%

Asset Allocation

Weighting Return Low Return High ALTHX % Rank
Bonds
96.98% 0.00% 150.86% 75.67%
Cash
3.02% -50.86% 100.00% 23.31%
Stocks
0.00% -0.03% 4.63% 97.92%
Preferred Stocks
0.00% -1.79% 0.04% 97.46%
Other
0.00% -13.03% 30.01% 97.05%
Convertible Bonds
0.00% 0.00% 0.93% 97.82%

Bond Sector Breakdown

Weighting Return Low Return High ALTHX % Rank
Municipal
96.98% 0.00% 100.00% 74.56%
Cash & Equivalents
3.02% 0.00% 100.00% 23.85%
Corporate
0.01% 0.00% 9.99% 16.33%
Derivative
0.00% 0.00% 21.68% 97.78%
Securitized
0.00% 0.00% 5.93% 98.19%
Government
0.00% 0.00% 52.02% 98.19%

Bond Geographic Breakdown

Weighting Return Low Return High ALTHX % Rank
US
95.43% 0.00% 142.23% 68.98%
Non US
1.55% 0.00% 62.14% 36.83%

ALTHX - Expenses

Operational Fees

ALTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.75% 0.02% 3.60% 31.41%
Management Fee 0.45% 0.00% 1.10% 62.07%
12b-1 Fee 0.25% 0.00% 1.00% 63.37%
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

ALTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.00% 0.00% 4.90% 81.23%
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

ALTHX 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.

ALTHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 0.00% 283.00% 71.73%

ALTHX - Distributions

Dividend Yield Analysis

ALTHX Category Low Category High ALTHX % Rank
Dividend Yield 3.00% 0.00% 35.27% 23.33%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ALTHX Category Low Category High ALTHX % Rank
Net Income Ratio 2.21% -0.53% 24.00% 35.66%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ALTHX - Fund Manager Analysis

Managers

Terrance Hults


Start Date

Tenure

Tenure Rank

Jun 01, 1995

27.02

27.0%

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 28, 2016

6.34

6.3%

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

Sep 28, 2018

3.67

3.7%

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 7.22 1.58