AB Active ETFs Inc. - AB New York Intermediate Municipal ETF

Frequently Asked Questions About NYM

What does NYM invest in?

NYM actively selects municipal bonds issued by the state of New York, whose interests are generally exempt from federal, state, and local income taxes. It includes municipal securities used in the general financing of state and local governments, possessions, and territories of the US and the District of Columbia, or financing for specific projects or public facilities. The fund may also invest in revenue bonds and obligations that are economically related. The adviser selects constituents by assessing risk and return characteristics of the bond, considering factors such as credit quality and sensitivity to interest rates. The portfolio mainly invests in investment-grade municipal bonds rated A, but up to 20% may be invested in junk bonds. The fund seeks to maintain an effective duration of 3.5 to 7 years. Selected bonds are not necessarily AMT-free. The fund converted from a mutual fund, New York Municipal Portfolio, bringing in $1,277 million in assets.

What is the expense ratio of NYM?

AB Active ETFs Inc. - AB New York Intermediate Municipal ETF (NYM) charges an expense ratio of 0.27%. This is the annual fee deducted from fund assets to cover management and operations.

What is NYM's dividend yield?

NYM's trailing-twelve-month yield is 2.51%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of NYM?

Effective duration measures NYM's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NYM's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of NYM?

NYM'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 NYM?

Yield to maturity (YTM) is the total return you'd earn from NYM if every bond in the portfolio is held to maturity at the current price. NYM'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.