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Morningstar

AB High Income Municipal Advisor ABTYX Fund Analysis

Morningstar Analyst Rating
| Analyst rating as of

Morningstar’s Analysis ABTYX

Will ABTYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABTYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ABTYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of ABTYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A solid high-yield muni offering but higher volatility leads to a cautious assessment.

Analyst

Summary

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AB High Income Municipal Portfolio benefits from an experienced team that leverages quantitative resources to implement a structured process. However, time is needed to evaluate efficiency of the quant tools while investing in the high-yield market. It receives a Morningstar Analyst Rating of Neutral for all its share classes.

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