AllianceBernstein High Income Municipal Portfolio

Scorecard
4 / 5 Stars
Lipper
4 4 1 4 3
Zacks Investment Research
2 (Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
B- (Buy)

U.S. News evaluated 43 High Yield Muni Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

See all AllianceBernstein funds

See full High Yield Muni rankings

See more fund rankings

Performance

The fund has returned 7.61 percent over the past year, and 7.97 percent over the past three years.

Trailing Returns Updated 06.30.2014
Year to date 11.2%
1 Year 7.6%
3 Years (Annualized) 8.0%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

See more ABTFX performance

Summary

The investment seeks to earn the highest level of current income, exempt from federal income tax, that is available consistent with what the Adviser considers to be an appropriate level of risk. 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.

Fees

Fees are High compared to funds in the same category.
AllianceBernstein High Income Municipal Portfolio has an expense ratio of 1.59 percent.

See more ABTFX fees

Risk

Risk is Above Average compared to funds in the same category according to Morningstar.

See more ABTFX risk