AllianceBernstein Municipal Income Fund National Portfolio Class CALNCX

10.25
0.00 / 0.00%
9.67 - 10.26+0.97
NAV in USDNAV change52-week range3-yr sharpe ratio

As of market close Aug 22 2014.

Total returns on $10,000

As of Jul 31 2014.Fund performance

Objective

The investment seeks to earn the highest level of current income, exempt from federal income tax, that is available without assuming what the Adviser considers to be undue risk to principal or income. The fund invests principally in high-yielding, predominantly investment grade municipal securities. It 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 federal alternative minimum tax ("AMT") for certain taxpayers. The fund may invest more than 25% of its assets in a single state.

Profile

Fund typeOpen Ended Investment Company
Investment style (bonds)
Credit Quality: Mid
Interest-Rate Sensitivity: Mod
Morningstar categoryMuni National Long
Launch date03/05/1993
Price currencyUSD
DomicileUnited States
SymbolALNCX
Manager & start date
Terrance Hults
01/06/1995
Michael Brooks
31/12/2002
Fred Cohen
31/12/2002
Robert Davidson III
31/12/2002
Wayne Godlin
29/01/2010

Investment

Pricing frequencyDaily
Total net assets
129.55m USDAs of Jul 31 2014
Net expense ratio1.50%
Front end load--
Deferred load1.00%
Redemption fee--
Min. initial investment2,500 USD
Min. additional investment50.00 USD
Initial IRA--
Additional IRA--
Available for saleUnited States

Diversification

Asset type

US bond
97.62%
Cash
2.30%
Other
0.08%
US stock
0.00%
Non-US stock
0.00%
Non-US bond
0.00%

Top 5 sectors

Municipal Tax-Exempt
97.62%
Cash & Equivalents
2.30%

Top 5 Regions

Regional weighting data is unavailable.

Sector and region weightings are calculated using only long position holdings of the portfolio.

Sector & regional holdings

Top 5 holdings

Company1 year
change
Portfolio
weight
Long
allocation
Metropolitan Pier & Exposition Proj B 5%--3.18%
Los Angeles Calif Hbr Dept Rev Ref 5.25%--2.20%
New York N Y City Transitional Subord 5%--1.85%
Mississippi Dev Bk Spl Obl Spl Obl 5.25%--1.82%
Chicago Ill Brd Ed Go Ref Bd 5%--1.71%
Data delayed at least 15 minutes, as of Jun 30 2014.Top 10 holdings

The performance data shown in tables and graphs on this page is calculated in USD of the fund / index / average (as applicable), on a Bid To Bid / Nav to Nav basis, with gross dividends re-invested on ex-dividend date. Past performance is not necessarily a guide to future performance; unit prices may fall as well as rise.

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