AB High Income Municipal Advisor
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-16.4%
1 yr return
-7.5%
3 Yr Avg Return
1.6%
5 Yr Avg Return
3.3%
Net Assets
$3.48 B
Holdings in Top 10
10.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.60%
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
Investment Style
High Yield Muni
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
ABTYX - Profile
Distributions
- YTD Total Return -16.4%
- 3 Yr Annualized Total Return 1.6%
- 5 Yr Annualized Total Return 3.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.52%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameAB High Income Municipal Portfolio
-
Fund Family NameAllianceBernstein
-
Inception DateJan 26, 2010
-
Shares OutstandingN/A
-
Share ClassAdv
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerTerrance Hults
Fund Description
The fund invests principally in high-yielding municipal securities that may be non-investment grade or investment grade. It normally invests 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 AMT for certain taxpayers. The fund may invest without limit in lower-rated securities.
ABTYX - Performance
Return Ranking - Trailing
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -16.4% | -23.2% | -0.6% | 69.37% |
1 Yr | -7.5% | -14.0% | 4.4% | 46.67% |
3 Yr | 1.6%* | -2.2% | 4.1% | 21.62% |
5 Yr | 3.3%* | 0.2% | 4.7% | 20.10% |
10 Yr | 4.4%* | 1.8% | 5.9% | 23.75% |
* Annualized
Return Ranking - Calendar
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | 3.0% | -1.9% | 5.6% | 16.82% |
2020 | 1.1% | -10.1% | 4.2% | 27.52% |
2019 | 6.6% | -0.7% | 9.1% | 18.87% |
2018 | -3.5% | -5.7% | 95.6% | 84.54% |
2017 | 5.6% | -0.7% | 8.6% | 16.09% |
Total Return Ranking - Trailing
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -16.4% | -23.2% | -0.6% | 69.37% |
1 Yr | -7.5% | -14.0% | 4.3% | 36.89% |
3 Yr | 1.6%* | -2.2% | 3.6% | 18.02% |
5 Yr | 3.3%* | 0.2% | 4.7% | 16.27% |
10 Yr | 4.4%* | 1.8% | 5.9% | 21.88% |
* Annualized
Total Return Ranking - Calendar
Period | ABTYX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2021 | 3.0% | -1.9% | 5.6% | 16.82% |
2020 | 1.1% | -10.1% | 4.2% | 27.52% |
2019 | 6.6% | -0.7% | 9.1% | 19.81% |
2018 | -3.2% | -5.7% | 95.6% | 77.32% |
2017 | 5.6% | -0.7% | 9.8% | 18.39% |
NAV & Total Return History
ABTYX - Holdings
Concentration Analysis
ABTYX | Category Low | Category High | ABTYX % Rank | |
---|---|---|---|---|
Net Assets | 3.48 B | 9.79 K | 20.2 B | 24.11% |
Number of Holdings | 904 | 1 | 3950 | 29.02% |
Net Assets in Top 10 | 423 M | -102 M | 3.41 B | 22.77% |
Weighting of Top 10 | 10.77% | 1.1% | 97.0% | 69.96% |
Top 10 Holdings
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
- Ab Fixed Income Shares, Inc. Government Money Market Portfolio - Class Ab 4.26%
Asset Allocation
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
Bonds | 99.77% | 0.00% | 146.69% | 27.31% |
Cash | 0.23% | -3.16% | 100.00% | 73.21% |
Stocks | 0.00% | 0.00% | 5.80% | 56.83% |
Preferred Stocks | 0.00% | -47.61% | 0.32% | 49.55% |
Other | 0.00% | 0.00% | 0.18% | 52.23% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 48.66% |
Bond Sector Breakdown
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
Municipal | 98.58% | 0.00% | 100.00% | 42.86% |
Corporate | 1.18% | 0.00% | 4.15% | 10.71% |
Cash & Equivalents | 0.23% | 0.00% | 100.00% | 78.13% |
Derivative | 0.00% | 0.00% | 0.02% | 49.11% |
Securitized | 0.00% | 0.00% | 22.44% | 50.89% |
Government | 0.00% | 0.00% | 0.09% | 51.79% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | ABTYX % Rank | |
---|---|---|---|---|
US | 89.68% | 0.00% | 139.84% | 71.43% |
Non US | 10.09% | 0.00% | 21.09% | 19.64% |
ABTYX - Expenses
Operational Fees
ABTYX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.60% | 0.05% | 2.63% | 76.71% |
Management Fee | 0.49% | 0.00% | 1.41% | 41.41% |
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% | 5.50% | 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% | 37.32% |
ABTYX - Distributions
Dividend Yield Analysis
ABTYX | Category Low | Category High | ABTYX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 13.03% | 21.15% |
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% | 30.40% |
Capital Gain Distribution Analysis
ABTYX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount | Type |
---|---|---|
Aug 31, 2022 | $0.037 | DailyAccrualFund |
Jul 29, 2022 | $0.037 | DailyAccrualFund |
Jun 30, 2022 | $0.037 | DailyAccrualFund |
May 31, 2022 | $0.036 | DailyAccrualFund |
Apr 29, 2022 | $0.033 | DailyAccrualFund |
Mar 31, 2022 | $0.036 | DailyAccrualFund |
Feb 28, 2022 | $0.031 | DailyAccrualFund |
Jan 31, 2022 | $0.034 | DailyAccrualFund |
Dec 31, 2021 | $0.034 | DailyAccrualFund |
Nov 30, 2021 | $0.033 | DailyAccrualFund |
Oct 29, 2021 | $0.034 | DailyAccrualFund |
Sep 30, 2021 | $0.030 | DailyAccrualFund |
Aug 31, 2021 | $0.033 | DailyAccrualFund |
Jul 30, 2021 | $0.035 | DailyAccrualFund |
Jun 30, 2021 | $0.034 | DailyAccrualFund |
May 28, 2021 | $0.033 | DailyAccrualFund |
Apr 30, 2021 | $0.037 | DailyAccrualFund |
Mar 31, 2021 | $0.036 | DailyAccrualFund |
Feb 26, 2021 | $0.034 | DailyAccrualFund |
Jan 29, 2021 | $0.037 | DailyAccrualFund |
Dec 31, 2020 | $0.037 | DailyAccrualFund |
Nov 30, 2020 | $0.035 | DailyAccrualFund |
Oct 30, 2020 | $0.038 | DailyAccrualFund |
Sep 30, 2020 | $0.035 | DailyAccrualFund |
Aug 31, 2020 | $0.035 | DailyAccrualFund |
Jul 31, 2020 | $0.041 | DailyAccrualFund |
Jun 30, 2020 | $0.037 | DailyAccrualFund |
May 29, 2020 | $0.038 | DailyAccrualFund |
Apr 30, 2020 | $0.037 | DailyAccrualFund |
Mar 31, 2020 | $0.037 | DailyAccrualFund |
Feb 28, 2020 | $0.036 | DailyAccrualFund |
Jan 31, 2020 | $0.042 | DailyAccrualFund |
Dec 31, 2019 | $0.036 | DailyAccrualFund |
Nov 29, 2019 | $0.039 | DailyAccrualFund |
Oct 31, 2019 | $0.039 | DailyAccrualFund |
Sep 30, 2019 | $0.035 | DailyAccrualFund |
Aug 30, 2019 | $0.049 | DailyAccrualFund |
Jul 31, 2019 | $0.039 | DailyAccrualFund |
Jun 28, 2019 | $0.036 | DailyAccrualFund |
May 31, 2019 | $0.040 | DailyAccrualFund |
Apr 30, 2019 | $0.038 | DailyAccrualFund |
Mar 29, 2019 | $0.040 | DailyAccrualFund |
Feb 28, 2019 | $0.036 | DailyAccrualFund |
Jan 31, 2019 | $0.040 | DailyAccrualFund |
Dec 31, 2018 | $0.039 | DailyAccrualFund |
Dec 10, 2018 | $0.034 | ExtraDividend |
Nov 30, 2018 | $0.041 | DailyAccrualFund |
Oct 31, 2018 | $0.039 | DailyAccrualFund |
Jul 31, 2018 | $0.038 | DailyAccrualFund |
Jun 29, 2018 | $0.040 | DailyAccrualFund |
Apr 01, 2018 | $0.041 | DailyAccrualFund |
Feb 28, 2018 | $0.037 | DailyAccrualFund |
Dec 31, 2017 | $0.039 | DailyAccrualFund |
Nov 30, 2017 | $0.040 | DailyAccrualFund |
Oct 31, 2017 | $0.039 | DailyAccrualFund |
Aug 31, 2017 | $0.040 | DailyAccrualFund |
Jul 31, 2017 | $0.037 | DailyAccrualFund |
Jul 02, 2017 | $0.041 | DailyAccrualFund |
May 31, 2017 | $0.042 | DailyAccrualFund |
Apr 30, 2017 | $0.038 | DailyAccrualFund |
Apr 02, 2017 | $0.045 | DailyAccrualFund |
Feb 28, 2017 | $0.038 | DailyAccrualFund |
Dec 31, 2016 | $0.042 | DailyAccrualFund |
Nov 30, 2016 | $0.040 | DailyAccrualFund |
Oct 31, 2016 | $0.037 | DailyAccrualFund |
Oct 02, 2016 | $0.041 | DailyAccrualFund |
Aug 31, 2016 | $0.039 | DailyAccrualFund |
Jul 31, 2016 | $0.040 | DailyAccrualFund |
Jun 30, 2016 | $0.039 | DailyAccrualFund |
May 31, 2016 | $0.044 | DailyAccrualFund |
May 01, 2016 | $0.041 | DailyAccrualFund |
Mar 31, 2016 | $0.042 | DailyAccrualFund |
Feb 29, 2016 | $0.039 | DailyAccrualFund |
Jan 31, 2016 | $0.043 | DailyAccrualFund |
Dec 31, 2015 | $0.044 | DailyAccrualFund |
Nov 30, 2015 | $0.042 | DailyAccrualFund |
Oct 30, 2015 | $0.046 | DailyAccrualFund |
Sep 30, 2015 | $0.044 | DailyAccrualFund |
Jun 30, 2015 | $0.044 | DailyAccrualFund |
May 29, 2015 | $0.045 | DailyAccrualFund |
Apr 30, 2015 | $0.044 | DailyAccrualFund |
Mar 31, 2015 | $0.043 | DailyAccrualFund |
Mar 01, 2015 | $0.041 | DailyAccrualFund |
Jan 30, 2015 | $0.048 | DailyAccrualFund |
Dec 31, 2014 | $0.046 | DailyAccrualFund |
Nov 28, 2014 | $0.042 | DailyAccrualFund |
Oct 31, 2014 | $0.049 | DailyAccrualFund |
Sep 30, 2014 | $0.042 | DailyAccrualFund |
Jul 31, 2014 | $0.046 | DailyAccrualFund |
Apr 30, 2014 | $0.048 | DailyAccrualFund |
Mar 31, 2014 | $0.047 | DailyAccrualFund |
Feb 28, 2014 | $0.046 | DailyAccrualFund |
Jan 31, 2014 | $0.055 | DailyAccrualFund |
Dec 31, 2013 | $0.050 | DailyAccrualFund |
Nov 29, 2013 | $0.049 | DailyAccrualFund |
Oct 31, 2013 | $0.050 | DailyAccrualFund |
Sep 30, 2013 | $0.045 | DailyAccrualFund |
Aug 30, 2013 | $0.053 | DailyAccrualFund |
Jun 28, 2013 | $0.043 | DailyAccrualFund |
May 31, 2013 | $0.049 | DailyAccrualFund |
Apr 30, 2013 | $0.046 | DailyAccrualFund |
Mar 28, 2013 | $0.048 | DailyAccrualFund |
Feb 28, 2013 | $0.044 | DailyAccrualFund |
Jan 31, 2013 | $0.049 | DailyAccrualFund |
Dec 31, 2012 | $0.017 | DailyAccrualFund |
Dec 20, 2012 | $0.046 | DailyAccrualFund |
Nov 20, 2012 | $0.046 | DailyAccrualFund |
Oct 21, 2012 | $0.048 | DailyAccrualFund |
Sep 20, 2012 | $0.048 | DailyAccrualFund |
Aug 20, 2012 | $0.045 | DailyAccrualFund |
Jul 22, 2012 | $0.051 | DailyAccrualFund |
Jun 20, 2012 | $0.050 | DailyAccrualFund |
May 18, 2012 | $0.045 | DailyAccrualFund |
Apr 20, 2012 | $0.053 | DailyAccrualFund |
Mar 20, 2012 | $0.046 | DailyAccrualFund |
Feb 20, 2012 | $0.047 | DailyAccrualFund |
Jan 22, 2012 | $0.035 | DailyAccrualFund |
Dec 31, 2011 | $0.017 | DailyAccrualFund |
Dec 20, 2011 | $0.047 | DailyAccrualFund |
Nov 20, 2011 | $0.049 | DailyAccrualFund |
Oct 20, 2011 | $0.048 | DailyAccrualFund |
Sep 20, 2011 | $0.048 | DailyAccrualFund |
Aug 21, 2011 | $0.051 | DailyAccrualFund |
Jul 20, 2011 | $0.049 | DailyAccrualFund |
Jun 20, 2011 | $0.045 | DailyAccrualFund |
May 22, 2011 | $0.051 | DailyAccrualFund |
Apr 20, 2011 | $0.049 | DailyAccrualFund |
Mar 20, 2011 | $0.044 | DailyAccrualFund |
Feb 21, 2011 | $0.053 | DailyAccrualFund |
Jan 20, 2011 | $0.033 | DailyAccrualFund |
Dec 31, 2010 | $0.018 | DailyAccrualFund |
Nov 21, 2010 | $0.054 | DailyAccrualFund |
Oct 20, 2010 | $0.051 | DailyAccrualFund |
Sep 20, 2010 | $0.050 | DailyAccrualFund |
Aug 22, 2010 | $0.056 | DailyAccrualFund |
Jul 20, 2010 | $0.050 | DailyAccrualFund |
Jun 20, 2010 | $0.052 | DailyAccrualFund |
May 20, 2010 | $0.052 | DailyAccrualFund |
Apr 20, 2010 | $0.052 | DailyAccrualFund |
Mar 21, 2010 | $0.048 | DailyAccrualFund |
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 |
---|---|---|---|
0.06 | 21.43 | 7.34 | 2.52 |