- What does MISNX invest in?
- The fund pursues its objective by investing principally in high-yielding municipal securities that may be non-investment grade (“junk bonds”) or investment grade. As a matter of fundamental policy, the fund advisor invests, under normal circumstances, at least 80% of its net assets in municipal securities that pay interest that is exempt from U.S. federal income tax. The fund is non-diversified.
- What is the expense ratio of MISNX?
- AB Municipal Income Shares N (MISNX) charges an expense ratio of 0.10%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MISNX's dividend yield?
- MISNX's trailing-twelve-month yield is 2.30%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MISNX?
- Effective duration measures MISNX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MISNX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MISNX?
- MISNX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of MISNX?
- Yield to maturity (YTM) is the total return you'd earn from MISNX if every bond in the portfolio is held to maturity at the current price. MISNX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
