MISNX Fees and Costs — AB Municipal Income Shares N
Data updated: 2026-09-24
The net expense ratio is 0.07%. There are no sales loads or redemption fees. Portfolio turnover was 1%.
MISNX Fees and Expenses
Annual operating expenses and sales charges of MISNX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | — |
| Other expenses | 0.07% |
| Gross expense ratio | 0.07% |
| Fee waiver | — |
| Net expense ratio | 0.07% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MISNX Costs Over Time
On $10,000 invested in MISNX, assuming 5% a year before costs, total costs come to $45 over 5 years, cutting the return by 0.07% 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 |
| Fund expenses (net expense ratio 0.07%) | $7 | $23 | $41 |
| Lost growth on money paid in costs | $0 | $1 | $4 |
| Total costs | $7 | $24 | $45 |
| Value after costs | $10,493 | $11,552 | $12,718 |
| Impact on return, per year | 0.07% | 0.07% | 0.07% |
MISNX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $959.6M
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
MISNX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $569.2M | 61.99% |
| Guardian Capital LP | $90.3M | 9.83% |
| Wells Fargo Securities, LLC | $65.1M | 7.09% |
| J.P. Morgan Securities LLC | $56.9M | 6.20% |
| Morgan Stanley & Co. LLC | $42.8M | 4.66% |
| Barclays Capital Inc. | $26.6M | 2.89% |
| BNY Capital Markets, LLC | $21.3M | 2.32% |
| RBC Capital Markets, LLC | $18.6M | 2.02% |
| Goldman Sachs & Co. LLC | $14.8M | 1.61% |
| National Financial Services LLC | $12.7M | 1.38% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.