AB Impact Municipal Income Shares (ABIMX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with ABIMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ABIMX
ABIMX charges 0.00% annually. No mutual funds in the Municipal Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | ABIMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | ABIMX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | ABIMX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | ABIMX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | ABIMX vs FSMUX |
Best Risk-Adjusted Alternatives to ABIMX
ABIMX has a PortfoliosLab risk / return rank of 71. There are 272 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | ABIMX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | ABIMX vs ATOIX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | ABIMX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | ABIMX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | ABIMX vs DFSMX |
Top Performing ABIMX Alternatives (YTD)
ABIMX is at 2.37% YTD. There are 47 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 12.91%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 12.91% | — | Apr 1998 | ABIMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.28% | — | Nov 2002 | ABIMX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.81% | — | Nov 2001 | ABIMX vs AFB | |
| Nuveen Virginia Quality Municipal Income Fund | 6.99% | — | Mar 1993 | ABIMX vs NPV | |
| BlackRock MuniYield Michigan Quality Fund | 5.87% | — | Oct 1992 | ABIMX vs MIY |
Lowest Volatility Alternatives to ABIMX
ABIMX has 3.53% 1-year volatility. There are 436 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | ABIMX vs DFABX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | ABIMX vs USMSX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | ABIMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | ABIMX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | ABIMX vs DFSMX |
Lowest Drawdown Alternatives to ABIMX
ABIMX has a 1-year max drawdown of -3.45%. There are 441 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | ABIMX vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | ABIMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | ABIMX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | ABIMX vs APUSX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | ABIMX vs ATOIX |
Other Mutual Funds from AllianceBernstein
The 10 most viewed AllianceBernstein mutual funds shown here include APGAX, APGYX, APGZX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AB Large Cap Growth Fund Class A | Large Cap Growth Equities | 9 | 0.50% | — | Oct 1996 | ABIMX vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 9 | 0.62% | — | Jan 1996 | ABIMX vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 9 | 0.67% | — | Jul 2015 | ABIMX vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 10 | 2.91% | — | Sep 1990 | ABIMX vs AGRFX | |
| AB Municipal Income Shares | High Yield Muni | 71 | 2.22% | — | Aug 2010 | ABIMX vs MISHX | |
| AB High Income Fund | High Yield Bonds | 69 | 1.64% | — | Feb 1994 | ABIMX vs AGDAX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 34 | 22.83% | — | Feb 1969 | ABIMX vs QUASX | |
| AB Income Fund | Intermediate Core-Plus Bond | 17 | 0.15% | — | Aug 1987 | ABIMX vs ACGYX | |
| AllianceBernstein Global High Income Closed Fund | High Yield Bonds | 3 | -1.65% | — | Jul 1993 | ABIMX vs AWF | |
| AB Sustainable Global Thematic Fund | Global Equities | 5 | 2.40% | — | Feb 1982 | ABIMX vs ALTFX |
Often Compared With ABIMX
Investors most often compare ABIMX with MUJ, FGNSX. These 2 comparison targets span 1 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 58 | 5.53% | — | Mar 1998 | ABIMX vs MUJ | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 97 | 0.77% | — | Dec 2017 | ABIMX vs FGNSX |
Compare ABIMX with Any Fund or Stock
Compare ABIMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ABIMX with funds that move differently
AB Impact Municipal Income Shares alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ABIMX.
Explore ABIMX Diversifiers