AB High Income Municipal A (ABTHX - Free Report) a Zacks Ranked #2 (Buy) seeks current income, exempt from federal income tax. ABTHX invests principally in high-yielding municipal securities that may be non-investment grade or investment grade. ABTHX normally invests a major portion 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. ABTHX may invest without limit in lower-rated securities.
The AB High Income Municipal A fund, managed by AllianceBern, carries an expense ratio of 0.86. Moreover, ABTHX requires a minimal initial investment of $2,500.
ABTHX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 3.86%, 3 year 3.87%, and 5 year 4.58%. To see how this fund performed compared in its category, please click here.
ABTHX’s performance, as of the last filing, when compared to funds in its category was in the top 8% in 1 year, top 7% over the past 3 years, and in the 19% over the past 5 years.
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