AllianceBern Muni Income Natl Adv
AllianceBernstein Muni Income Fund1345 Avenue Of The AmericasNew York, NY 10105
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Phone: 800-221-5672
| Category: | Muni National Long | | Fund Family: | AllianceBernstein | | Net Assets: | 1.18B | | Year-to-Date Return: | 0.68% | | Yield: | 3.96% | | Morningstar Rating: |  | | Fund Inception Date: | Aug 5, 2008 |
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Terrance Hults
Lead Manager since May 31, 1995 | | | 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. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York. |
| Min Initial Investment: | 0 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | N/A | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| 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. |
| Last Dividend
(Apr 29, 2013)
:
| 0.03 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 15, 2013)
:
| 11.00% | | Average for Category: | 23.04% |
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| Expense | ALTVX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 0.45% | 0.92% | | Prospectus Net Expense Ratio: | 0.50% | N/A | | Prospectus Gross Expense Ratio: | 0.56% | N/A | | Max 12b1 Fee: | N/A | N/A | | Max Front End Sales Load: | N/A | 4.03% | | Max Deferred Sales Load:
| N/A | 2.55% | | 3 Yr Expense Projection*: | 174 | 486 | | 5 Yr Expense Projection*: | 308 | 714 | | 10 Yr Expense Projection*: | 696 | 1,354 |
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0.01(0.09%) May 23