AB New York Intermediate Municipal ETF

AB New York Intermediate Municipal ETF is an actively managed exchange-traded fund that focuses on fixed income securities, primarily municipal bonds issued by the State of New York and its political subdivisions. The fund is designed to provide safety of principal and maximize total return after accounting for federal, state, and local taxes, making it particularly suitable for New York residents seeking tax-efficient income. At least 80% of the ETF’s assets are invested in New York municipal bonds, with a targeted duration between 3.5 and 7 years to balance income with interest rate risk. The remaining allocation may include other fixed income securities. This ETF leverages proprietary technology and a blend of quantitative and fundamental analysis to manage risks, seek undervalued opportunities, and optimize after-tax returns. It is non-diversified, meaning it may concentrate holdings among fewer issuers, which can increase volatility. Risk factors include market, interest rate, inflation, leverage, and specific risks inherent to municipal securities such as legislative, economic, or credit changes affecting New York's public sector. As part of AllianceBernstein’s award-winning municipal platform, the fund aims to offer investors a strategic way to access targeted, intermediate-duration, tax-advantaged New York municipal exposures within the broader fixed income landscape.