AB Municipal Income National A Fund (ALTHX - Free Report) a Zacks Rank #1 (Strong Buy) was incepted in December 1986 and is managed by Alliance Capital Management. The objective of ALTHX is to seek highest level of income exempt from Federal income tax. ALTHX invests principally in high-yielding, predominantly medium-quality municipal securities. ALTHX pays dividends after the close of business on twentieth day of each month or on the first business day. ALTHX offers capital gains annually.
The AB Municipal Income National A fund, managed by AllianceBern, carries an expense ratio of 0.75%. Moreover, ALTHX requires a minimal initial investment of $2,500.
ALTHX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 5% and 5 year 4.3%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.
ALTHX’s performance, as of the last filing, when compared to funds in its category was in the top 26% over the past 1 year, in the top 36% over the past 3 years, and in the 39% over the past 5 years.
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