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Trending ETFs

AB Municipal Bond Inflation Strategy

mutual fund
AUNYX
Payout Change
Pending
Price as of:
$10.74 +0.0 +0.0%
primary theme
Municipal Bond
AUNYX (Mutual Fund)

AB Municipal Bond Inflation Strategy

Payout Change
Pending
Price as of:
$10.74 +0.0 +0.0%
primary theme
Municipal Bond
AUNYX (Mutual Fund)

AB Municipal Bond Inflation Strategy

Payout Change
Pending
Price as of:
$10.74 +0.0 +0.0%
primary theme
Municipal Bond

Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.74

$1.51 B

2.36%

$0.25

0.60%

Vitals

YTD Return

1.5%

1 yr return

4.6%

3 Yr Avg Return

1.5%

5 Yr Avg Return

3.1%

Net Assets

$1.51 B

Holdings in Top 10

13.0%

52 WEEK LOW AND HIGH

$10.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 10.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.74

$1.51 B

2.36%

$0.25

0.60%

AUNYX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 1.5%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.70%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Municipal Bond Inflation Strategy
  • Fund Family Name
    ALLIANCEBE
  • Inception Date
    Jan 27, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Adv
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Terrance Hults

Fund Description

The Fund seeks real after-tax return for investors subject to federal income taxes. Real return is the rate of return after adjusting for inflation. The Fund pursues its objective by investing principally in high-quality, predominantly investment-grade, municipal securities that pay interest exempt from federal taxation. As a fundamental policy, the Fund will invest at least 80% of its net assets in municipal securities. These securities may be subject to the federal alternative minimum tax (“AMT”) for some taxpayers.
The Fund will invest at least 80% of its total assets in fixed-income securities rated A or better or the equivalent by one or more nationally recognized statistical rating organizations (or deemed to be of comparable credit quality by the Adviser). The Fund may invest up to 20% of its total assets in below investment grade fixed-income securities (“junk bonds”). If the rating of a fixed-income security falls below investment grade, the Fund will not be obligated to sell the security and may continue to hold it if, in the Adviser’s opinion, the investment is appropriate under the circumstances.
The Adviser selects securities for purchase or sale based on its assessment of the securities’ risk and return characteristics as well as the securities’ impact on the overall risk and return characteristics of the Fund. In making this assessment, the Adviser takes into account various factors, including the credit quality and sensitivity to interest rates of the securities under consideration and of the Fund’s other holdings. The Fund may invest in fixed-income securities with any maturity and duration.
To provide inflation protection, the Fund will typically enter into inflation swaps. The Fund may use other inflation-indexed instruments. Payments to the Fund pursuant to swaps will result in taxable income, either ordinary income or capital gains, rather than income exempt from federal income taxation. It is expected that the Fund’s primary use of derivatives will be for the purpose of inflation protection.
The Fund may also invest in:
forward commitments;
zero-coupon municipal securities and variable, floating and inverse floating-rate municipal securities;
certain types of mortgage-related securities; and
derivatives, such as options, futures contracts, forwards and swaps.
The Fund may utilize leverage for investment purposes through the use of tender option bond (“TOB”) transactions. The Adviser considers the impact of TOB transactions, swaps and other derivatives in making its assessments of the Fund’s risks. The resulting exposures to markets, sectors, issuers or specific securities will be continuously monitored by the Adviser.
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AUNYX - Performance

Return Ranking - Trailing

Period AUNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -3.7% 16.7% 3.38%
1 Yr 4.6% -2.4% 30.5% 10.40%
3 Yr 1.5%* -11.5% 2.7% 1.52%
5 Yr 3.1%* -6.5% 1101.4% 2.56%
10 Yr 2.4%* -0.6% 248.3% 17.80%

* Annualized

Return Ranking - Calendar

Period AUNYX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -1.4% 41.0% 57.92%
2022 -6.4% -39.7% 0.3% 13.21%
2021 5.5% -5.6% 6.9% 0.60%
2020 2.0% -2.6% 310.0% 35.49%
2019 3.7% 0.0% 26.0% 52.86%

Total Return Ranking - Trailing

Period AUNYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -3.7% 16.7% 3.38%
1 Yr 4.6% -2.4% 30.5% 10.40%
3 Yr 1.5%* -11.5% 2.7% 1.52%
5 Yr 3.1%* -6.5% 1101.4% 2.56%
10 Yr 2.4%* -0.6% 248.3% 17.80%

* Annualized

Total Return Ranking - Calendar

Period AUNYX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -1.3% 41.0% 62.74%
2022 -4.8% -39.7% 1.1% 13.01%
2021 7.3% -4.8% 23761504.0% 0.93%
2020 4.6% -1.5% 17057.9% 24.81%
2019 6.3% 0.2% 3514.6% 55.45%

NAV & Total Return History


AUNYX - Holdings

Concentration Analysis

AUNYX Category Low Category High AUNYX % Rank
Net Assets 1.51 B 3.22 M 71.9 B 22.56%
Number of Holdings 574 2 13067 21.57%
Net Assets in Top 10 198 M -317 M 3.56 B 21.05%
Weighting of Top 10 12.96% 2.0% 100.2% 73.60%

Top 10 Holdings

  1. NEW YORK ST URBAN DEV CORP REVENUE 2.75%
  2. BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE 1.39%
  3. ENERGY N W WA ELEC REVENUE 1.34%
  4. KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE 1.31%
  5. SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE 1.20%
  6. NEW JERSEY ST TRANSPRTN TRUST FUND AUTH 1.20%
  7. ILLINOIS ST TOLL HIGHWAY AUTH 1.08%
  8. PHILADELPHIA PA 0.91%
  9. NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE 0.89%
  10. WASHINGTON ST 0.89%

Asset Allocation

Weighting Return Low Return High AUNYX % Rank
Bonds
97.19% 0.00% 150.86% 73.70%
Other
3.99% -3.18% 33.35% 1.43%
Cash
0.87% -50.86% 46.80% 61.40%
Stocks
0.00% 0.00% 99.81% 55.13%
Preferred Stocks
0.00% 0.00% 0.56% 48.34%
Convertible Bonds
0.00% 0.00% 0.93% 48.27%

Bond Sector Breakdown

Weighting Return Low Return High AUNYX % Rank
Municipal
95.39% 44.39% 100.00% 79.06%
Derivative
3.99% -3.18% 19.67% 0.65%
Corporate
1.06% 0.00% 9.41% 3.00%
Cash & Equivalents
0.87% 0.00% 46.24% 34.89%
Government
0.19% 0.00% 52.02% 3.52%
Securitized
0.04% 0.00% 5.93% 1.83%

Bond Geographic Breakdown

Weighting Return Low Return High AUNYX % Rank
US
97.19% 0.00% 142.23% 71.09%
Non US
0.00% 0.00% 23.89% 51.07%

AUNYX - Expenses

Operational Fees

AUNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 20.65% 67.49%
Management Fee 0.50% 0.00% 1.20% 83.38%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.44% N/A

Sales Fees

AUNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

AUNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

AUNYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 283.00% 21.48%

AUNYX - Distributions

Dividend Yield Analysis

AUNYX Category Low Category High AUNYX % Rank
Dividend Yield 2.36% 0.00% 14.51% 76.75%

Dividend Distribution Analysis

AUNYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AUNYX Category Low Category High AUNYX % Rank
Net Income Ratio 1.70% -0.53% 5.33% 62.92%

Capital Gain Distribution Analysis

AUNYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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AUNYX - 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 29, 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

Jan 31, 2017

5.33

5.3%

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
0.08 35.05 7.36 1.58