AB High Income Municipal Portfolio
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.3%
1 yr return
19.2%
3 Yr Avg Return
-0.5%
5 Yr Avg Return
1.7%
Net Assets
$3.01 B
Holdings in Top 10
8.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.96%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ABTYX - Profile
Distributions
- YTD Total Return 7.3%
- 3 Yr Annualized Total Return -0.5%
- 5 Yr Annualized Total Return 1.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.52%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAB High Income Municipal Portfolio
-
Fund Family NameALLIANCEBE
-
Inception DateJan 27, 2010
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTerrance Hults
Fund Description
• | forward commitments; |
• | zero-coupon municipal securities and variable, floating and inverse floating-rate municipal securities; |
• | certain types of mortgage-related securities; and |
• | derivatives, such as options, futures contracts, forwards and swaps. |
ABTYX - Performance
Return Ranking - Trailing
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.3% | -0.4% | 12.4% | 20.87% |
1 Yr | 19.2% | 3.3% | 23.6% | 10.68% |
3 Yr | -0.5%* | -8.0% | 3.2% | 56.22% |
5 Yr | 1.7%* | -4.9% | 3.8% | 26.02% |
10 Yr | 3.7%* | -0.2% | 155.9% | 17.83% |
* Annualized
Return Ranking - Calendar
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -6.2% | 7.5% | 62.62% |
2022 | -18.6% | -26.9% | -3.5% | 70.94% |
2021 | 3.0% | -1.9% | 5.6% | 18.50% |
2020 | 1.1% | -10.1% | 4.2% | 28.28% |
2019 | 6.6% | -0.7% | 9.1% | 18.23% |
Total Return Ranking - Trailing
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.3% | -0.4% | 12.4% | 20.87% |
1 Yr | 19.2% | 3.3% | 23.6% | 10.68% |
3 Yr | -0.5%* | -8.0% | 3.2% | 56.22% |
5 Yr | 1.7%* | -4.9% | 3.8% | 26.02% |
10 Yr | 3.7%* | -0.2% | 155.9% | 17.83% |
* Annualized
Total Return Ranking - Calendar
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 7.0% | -4.1% | 10.9% | 48.54% |
2022 | -14.9% | -26.9% | 4.3% | 67.00% |
2021 | 6.8% | -1.9% | 10.0% | 18.50% |
2020 | 5.4% | -4.1% | 8.2% | 16.67% |
2019 | 11.3% | -0.7% | 1028633.9% | 9.38% |
NAV & Total Return History
ABTYX - Holdings
Concentration Analysis
ABTYX | Category Low | Category High | ABTYX % Rank | |
---|---|---|---|---|
Net Assets | 3.01 B | 9.79 K | 16.6 B | 29.41% |
Number of Holdings | 847 | 1 | 3325 | 28.08% |
Net Assets in Top 10 | 244 M | -102 M | 3.51 B | 36.95% |
Weighting of Top 10 | 8.77% | 4.6% | 98.8% | 92.57% |
Top 10 Holdings
- TOBACCO SETTLEMENT FING CORP NJ 1.72%
- THE CHILDRENS TRUST FUND PR TOBACCO SETTLEMENT REVENUE 0.96%
- TOBACCO SETTLEMENT FING CORP VA 0.95%
- BUCKEYE OH TOBACCO SETTLEMENT FING AUTH 0.88%
- PUERTO RICO CMWLTH 0.86%
- PUBLIC FIN AUTH WI REVENUE 0.86%
- ARC70 II TR CA 0.66%
- PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 0.66%
- BRISTOL TN INDL DEV BRD ST SALES TAX REVENUE 0.62%
- NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE 0.61%
Asset Allocation
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
Bonds | 99.50% | 0.00% | 146.69% | 39.32% |
Cash | 1.49% | -0.64% | 100.00% | 35.96% |
Stocks | 0.02% | 0.00% | 99.62% | 17.96% |
Preferred Stocks | 0.00% | -47.61% | 1.60% | 92.61% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 92.61% |
Other | -1.02% | -5.59% | 5.07% | 97.54% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 0.00% | N/A |
Technology | 0.00% | 0.00% | 0.00% | N/A |
Real Estate | 0.00% | 0.00% | 0.00% | N/A |
Industrials | 0.00% | 0.00% | 4.78% | N/A |
Healthcare | 0.00% | 0.00% | 0.00% | N/A |
Financial Services | 0.00% | 0.00% | 0.00% | N/A |
Energy | 0.00% | 0.00% | 0.00% | N/A |
Communication Services | 0.00% | 0.00% | 0.00% | N/A |
Consumer Defense | 0.00% | 0.00% | 0.00% | N/A |
Consumer Cyclical | 0.00% | 0.00% | 77.65% | N/A |
Basic Materials | 0.00% | 17.58% | 100.00% | N/A |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
US | 0.02% | 0.00% | 99.62% | 18.23% |
Non US | 0.00% | 0.00% | 0.00% | 92.61% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
Municipal | 98.58% | 0.00% | 100.00% | 43.35% |
Corporate | 1.18% | 0.00% | 2.83% | 11.33% |
Cash & Equivalents | 0.29% | 0.00% | 100.00% | 34.98% |
Securitized | 0.00% | 0.00% | 22.44% | 92.61% |
Government | 0.00% | 0.00% | 0.09% | 92.61% |
Derivative | -1.02% | -7.53% | 2.16% | 97.54% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
US | 99.50% | 0.00% | 139.84% | 34.98% |
Non US | 0.00% | 0.00% | 13.35% | 93.10% |
ABTYX - Expenses
Operational Fees
ABTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.96% | 0.22% | 3.44% | 49.27% |
Management Fee | 0.49% | 0.00% | 1.41% | 47.57% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
ABTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
ABTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
ABTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 16.00% | 2.00% | 121.00% | 37.04% |
ABTYX - Distributions
Dividend Yield Analysis
ABTYX | Category Low | Category High | ABTYX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.82% | 0.00% | 6.13% | 41.75% |
Dividend Distribution Analysis
ABTYX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
ABTYX | Category Low | Category High | ABTYX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.52% | 1.11% | 5.70% | 30.10% |
Capital Gain Distribution Analysis
ABTYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 30, 2024 | $0.034 | OrdinaryDividend |
Aug 30, 2024 | $0.041 | OrdinaryDividend |
Jul 31, 2024 | $0.037 | OrdinaryDividend |
Apr 30, 2024 | $0.035 | OrdinaryDividend |
Mar 28, 2024 | $0.035 | OrdinaryDividend |
Feb 29, 2024 | $0.033 | OrdinaryDividend |
Jan 31, 2024 | $0.036 | OrdinaryDividend |
Dec 29, 2023 | $0.038 | OrdinaryDividend |
Nov 30, 2023 | $0.035 | OrdinaryDividend |
Oct 31, 2023 | $0.034 | OrdinaryDividend |
Sep 29, 2023 | $0.035 | OrdinaryDividend |
Aug 31, 2023 | $0.036 | OrdinaryDividend |
Jul 31, 2023 | $0.033 | OrdinaryDividend |
Jun 30, 2023 | $0.036 | OrdinaryDividend |
May 31, 2023 | $0.037 | OrdinaryDividend |
Apr 28, 2023 | $0.035 | OrdinaryDividend |
Mar 31, 2023 | $0.038 | OrdinaryDividend |
Feb 28, 2023 | $0.032 | OrdinaryDividend |
Jan 31, 2023 | $0.037 | OrdinaryDividend |
Dec 30, 2022 | $0.039 | OrdinaryDividend |
Nov 30, 2022 | $0.038 | OrdinaryDividend |
Oct 31, 2022 | $0.036 | OrdinaryDividend |
Sep 30, 2022 | $0.039 | OrdinaryDividend |
Aug 31, 2022 | $0.037 | OrdinaryDividend |
Jul 29, 2022 | $0.037 | OrdinaryDividend |
Jun 30, 2022 | $0.037 | OrdinaryDividend |
May 31, 2022 | $0.036 | OrdinaryDividend |
Apr 29, 2022 | $0.033 | OrdinaryDividend |
Mar 31, 2022 | $0.036 | OrdinaryDividend |
Feb 28, 2022 | $0.031 | OrdinaryDividend |
Jan 31, 2022 | $0.034 | OrdinaryDividend |
Dec 31, 2021 | $0.034 | OrdinaryDividend |
Nov 30, 2021 | $0.033 | OrdinaryDividend |
Oct 29, 2021 | $0.034 | OrdinaryDividend |
Sep 30, 2021 | $0.030 | OrdinaryDividend |
Aug 31, 2021 | $0.033 | OrdinaryDividend |
Jul 30, 2021 | $0.035 | OrdinaryDividend |
Jun 30, 2021 | $0.034 | OrdinaryDividend |
May 28, 2021 | $0.033 | OrdinaryDividend |
Apr 30, 2021 | $0.037 | OrdinaryDividend |
Mar 31, 2021 | $0.036 | OrdinaryDividend |
Feb 26, 2021 | $0.034 | OrdinaryDividend |
Jan 29, 2021 | $0.037 | OrdinaryDividend |
Dec 31, 2020 | $0.037 | OrdinaryDividend |
Nov 30, 2020 | $0.035 | OrdinaryDividend |
Oct 30, 2020 | $0.038 | OrdinaryDividend |
Sep 30, 2020 | $0.035 | OrdinaryDividend |
Aug 31, 2020 | $0.035 | OrdinaryDividend |
Jul 31, 2020 | $0.041 | OrdinaryDividend |
Jun 30, 2020 | $0.037 | OrdinaryDividend |
May 29, 2020 | $0.038 | OrdinaryDividend |
Apr 30, 2020 | $0.037 | OrdinaryDividend |
Mar 31, 2020 | $0.037 | OrdinaryDividend |
Feb 28, 2020 | $0.036 | OrdinaryDividend |
Jan 31, 2020 | $0.042 | OrdinaryDividend |
Dec 31, 2019 | $0.036 | OrdinaryDividend |
Nov 29, 2019 | $0.039 | OrdinaryDividend |
Oct 31, 2019 | $0.039 | OrdinaryDividend |
Sep 30, 2019 | $0.035 | OrdinaryDividend |
Aug 30, 2019 | $0.049 | OrdinaryDividend |
Jul 31, 2019 | $0.039 | OrdinaryDividend |
Dec 06, 2018 | $0.034 | ExtraDividend |
Dec 15, 2010 | $0.026 | CapitalGainShortTerm |
ABTYX - Fund Manager Analysis
Managers
Terrance Hults
Start Date
Tenure
Tenure Rank
Jan 26, 2010
12.35
12.4%
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 |
---|---|---|---|
0.25 | 21.43 | 7.5 | 2.52 |