AllianceBernstein

About the fund

The strategy focuses heavily on underserved communities and public-purpose projects including clean water infrastructure, affordable housing, healthcare access, education systems, renewable energy, and resilient public infrastructure. AB’s municipal impact team overlays traditional municipal credit underwriting with proprietary impact analysis designed to evaluate whether bond proceeds are materially improving local community outcomes. The strategy is structured to provide tax-exempt income while simultaneously directing capital toward historically under-resourced municipalities and public-sector initiatives. AB has repeatedly framed municipal bonds as “the original impact investment,” emphasizing that properly targeted muni investing can create direct local social and environmental benefits without sacrificing portfolio quality or income objectives.