ABTFX – AB High Income Municipal C Investment Strategy | Morningstar

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Strategy

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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
ABTYX	AB High Income Municipal Portfolio Advisor Class	No Load	Open			Jan 26, 2010	$1.86B	0.550%	Average	—	−$166.58M
ABTZX	AB High Income Municipal Portfolio Class Z	No Load	Open			Sep 28, 2018	$187.63M	0.550%	Average	—	$13.76M
ABTHX	AB High Income Municipal Portfolio Class A	Front Load	Open			Jan 26, 2010	$419.20M	0.800%	Average	$2,500	−$17.95M
ABTFX	AB High Income Municipal Portfolio Class C	Level Load	Open			Jan 26, 2010	$24.97M	1.550%	Below Average	$2,500	−$8.81M

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