ABTFX Fees and Costs — AB High Income Municipal Portfolio, Class C
Data updated: 2026-09-25
The net expense ratio is 1.97%: a 0.50% management fee, a 1.00% 12b-1 fee plus 0.49% other expenses, less a 0.02% fee waiver. This share class carries a deferred sales charge of up to 1.00%. Portfolio turnover was 21%.
ABTFX Fees and Expenses
Annual operating expenses and sales charges of ABTFX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.99% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.97% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
ABTFX Costs Over Time
On $10,000 invested in ABTFX, assuming 5% a year before costs, total costs come to $1,209 over 5 years, cutting the return by 2.07% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.97%) | $207 | $639 | $1,097 |
| Lost growth on money paid in costs | $0 | $32 | $112 |
| Total costs | $310 | $671 | $1,209 |
| Value after costs | $10,190 | $10,905 | $11,554 |
| Impact on return, per year | 3.10% | 2.07% | 2.07% |
ABTFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.7B
- Portfolio turnover (prospectus): 21%
- Securities lending: none during the year
ABTFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.2B | 46.36% |
| J.P. Morgan Securities LLC | $311.3M | 12.29% |
| BNY Capital Markets, LLC | $264.7M | 10.45% |
| Guardian Capital LP | $202.7M | 8.00% |
| Wells Fargo Securities, LLC | $161.6M | 6.38% |
| Goldman Sachs & Co. LLC | $137.2M | 5.42% |
| Morgan Stanley & Co. LLC | $119.6M | 4.72% |
| RBC Capital Markets, LLC | $86.0M | 3.40% |
| Jefferies LLC | $49.9M | 1.97% |
| D.A. Davidson & Co. | $25.4M | 1.00% |
AB High Income Municipal Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ABTYX | Advisor Class | 0.97% | none |
| ABTZX | Class Z | 0.97% | none |
| ABTHX | Class A | 1.22% | 3.00% |
| ABTFX | Class C | 1.97% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.