AB High Income Municipal A (ABTHX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in January 2010. ABTHX seeks high level of tax-exempted income with an favorable level of risk. ABTHX invests in both investment and non-investment grade municipal securities. ABTHX invests the large chunk of its assets in securities that are expected to pay interest income that are free from federal income taxes. ABTHX may invest without any limit in below investment grade securities.
AB High Income Municipal A, managed by AllianceBernstein, carries an expense ratio of 0.86%. Moreover, ABTHX requires a minimal initial investment of $2,500.
ABTHX has a history of positive total returns for over 5 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 9.84%, 3 year 9.33% and 5 year 7.08%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
ABTHX’s performance, as of the last filing, when compared to funds in its category was in the top 6% in 1 year, top 3% over the past 3 years, and in the 5% over the past 5 years.
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