AllianceBernstein National Municipal Income Fund (AFB) 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 AFB. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AFB
AFB charges 1.56% annually. There are 463 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | AFB vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | AFB vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | AFB vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | AFB vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | AFB vs FSMUX |
Best Risk-Adjusted Alternatives to AFB
AFB has a PortfoliosLab risk / return rank of 81. There are 185 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 | AFB vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | AFB vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | AFB vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | AFB vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | AFB vs FHMIX |
Top Performing AFB Alternatives (YTD)
AFB is at 7.33% YTD. There are 3 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 10.97%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 10.97% | — | Apr 1998 | AFB vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.93% | — | Nov 2002 | AFB vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.42% | — | Oct 1992 | AFB vs MIY | |
| BlackRock MuniHoldings California Quality Fund | 7.11% | — | Feb 1998 | AFB vs MUC | |
| Nuveen Virginia Quality Municipal Income Fund | 6.89% | — | Mar 1993 | AFB vs NPV |
Lowest Volatility Alternatives to AFB
AFB has 8.17% 1-year volatility. There are 458 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.55% | — | Apr 2022 | AFB vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 0.56% | — | Aug 2002 | AFB vs DFSMX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | AFB vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | AFB vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | AFB vs USMTX |
Lowest Drawdown Alternatives to AFB
AFB has a 1-year max drawdown of -5.96%. There are 457 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 | AFB vs BATVX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | AFB vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | AFB vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | AFB vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | AFB vs DFABX |
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 | 10 | 3.25% | — | Oct 1996 | AFB vs APGAX | |
| AB Large Cap Growth Fund Advisor Class | Large Cap Growth Equities | 10 | 3.39% | — | Jan 1996 | AFB vs APGYX | |
| AB Large Cap Growth Fund Class Z | Large Cap Growth Equities | 10 | 3.45% | — | Jul 2015 | AFB vs APGZX | |
| AB Growth Fund | Large Cap Growth Equities | 11 | 5.21% | — | Sep 1990 | AFB vs AGRFX | |
| AB Municipal Income Shares | High Yield Muni | 81 | 2.36% | — | Aug 2010 | AFB vs MISHX | |
| AB High Income Fund | High Yield Bonds | 72 | 2.04% | — | Feb 1994 | AFB vs AGDAX | |
| AB Sustainable Global Thematic Fund | Global Equities | 5 | 2.33% | — | Feb 1982 | AFB vs ALTFX | |
| AB Small Cap Growth Portfolio | Small Cap Growth Equities | 30 | 18.88% | — | Feb 1969 | AFB vs QUASX | |
| AB Income Fund | Intermediate Core-Plus Bond | 18 | -0.24% | — | Aug 1987 | AFB vs ACGYX | |
| AllianceBernstein Global High Income Closed Fund | High Yield Bonds | 3 | -0.83% | — | Jul 1993 | AFB vs AWF |
Often Compared With AFB
Investors most often compare AFB with FRCOX, HMJIX, SNTIX. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare AFB with Any Fund or Stock
Compare AFB with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AFB with funds that move differently
AllianceBernstein National Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AFB.
Explore AFB Diversifiers