Investors should consider the investment objectives, risks, charges and expenses of the Fund/Portfolio carefully before investing. For copies of our prospectus or summary prospectus, which contain this and other information, click here or contact your AB representative. Please read the prospectus and/or summary prospectus carefully before investing.
AB mutual funds may be offered only to persons in the United States and by way of a prospectus. This website should not be considered a solicitation or offering of any investment products or services to investors residing outside the United States.
A Word About Risk: Because each Fund pursues its own unique investment objectives, each Fund has its own set of risks which are fully discussed in its prospectus. In order to achieve their investment objectives, some Funds may at times use certain types of investment derivatives, such as options, futures, forwards and swaps. These instruments involve risks different from, and in certain cases, greater than, the risks presented by more traditional investments. For Funds that can invest in foreign securities, which may include emerging markets securities, risks may be magnified due to changes in foreign exchange rates and the possibility of substantial volatility due to political and economic uncertainties in foreign countries. Portfolios that hold a smaller number of securities may be more volatile than more diversified portfolios.
Funds that invest in fixed income securities are subject to decreasing bond prices as interest rates rise and increasing bond prices as interest rates fall. The values of mortgage related securities and asset-backed securities are particularly sensitive to changes in interest rates due to prepayment risk. In addition, a bond’s credit rating reflects the issuer’s ability to make timely payments of interest or principal—the lower the rating, the higher the risk of default. If the issuer’s financial strength deteriorates, the issuer’s rating may be lowered and the bond’s value may decline. Funds that invest in debt securities issued by state or local governments may be subject to special political, legal, economic and market factors that can have a significant effect on the portfolio’s yield or value.
Morningstar ratings are only one method of evaluating a fund.
The value of each fund will fluctuate as the market fluctuates. The market values of each fund’s holdings rise and fall from day to day, so investments may lose value. Past performance does not guarantee future results. Morningstar ratings are specific metrics of performance and do not represent absolute performance of any fund. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. Morningstar rating is for the share class noted only; other share classes may have different performance characteristics.
© 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Please note, some of the Morningstar proprietary calculations, including the Morningstar Rating, are not customarily calculated based on adjusted historical returns. The evaluation of this investment does not affect the retail mutual fund data published by Morningstar. The investment’s independent Morningstar Rating metric is compared against the retail mutual fund universe breakpoints to determine its hypothetical rating.
High Income Municipal Portfolio was rated 4 stars against 154 and 122 funds in the category, for the three- and five-year periods respectively. AB Intermediate Diversified Municipal Portfolio was rated 5 stars among 174, 152 and 96 funds in the category for the three-, five- and 10-year periods, respectively. AB National Portfolio was rated 5 stars against 261, 233 and 154 funds in the category for the three-, five- and 10-year periods, respectively. AB Municipal Bond Inflation Strategy was rated 5 and 4 stars against 174 and 152 funds in the category for the three- and five-year periods, respectively.
AllianceBernstein Investments, Inc. (ABI) is the distributor of the AB family of mutual funds. ABI is a member of FINRA and is an affiliate of AllianceBernstein L.P., the manager of the funds.
The [A/B] logo is a registered service mark of AllianceBernstein and AllianceBernstein® is a registered service mark used by permission of the owner, AllianceBernstein L.P.
Investment Products Offered:
Are Not FDIC Insured | May Lose Value | Are Not Bank Guaranteed
Are Not FDIC Insured | May Lose Value |
Are Not Bank Guaranteed
Check the background of AllianceBernstein Investments, Inc. on FINRA’s BrokerCheck