Sanford C. Bernstein Fund, Inc.- AB Intermediate New York Municipal Portfolio - Class A
ANIAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Alliancebernstein Lp New York NY United States of America 10105
- IPO Date
- Jan 31, 2002
- CIK
- 0000832808
- Similar Companies
- Business
- Sanford C. Bernstein Fund, Inc. - AB Intermediate New York Municipal Portfolio - Class A (ANIAX) is an open-end mutual fund that seeks safety of principal and to maximize total return after taking account of federal and New York state taxes for New York residents by investing primarily in high-quality municipal securities. The fund normally invests at least 80% of its total assets in municipal bonds issued by the State of New York or its political subdivisions that are rated A or better by national rating agencies (or unrated securities determined by the investment manager to be of comparable quality), as well as comparably rated municipal notes; it may invest up to 20% in lower-rated fixed-income securities, targeting an intermediate duration typically between 3.5 and 7 years to manage interest rate risk while emphasizing tax efficiency, quantitative models, fundamental research, and proactive tax-loss harvesting. Class A shares are offered with a front-end sales load and are distributed through AllianceBernstein Investments, Inc., serving individual and institutional investors seeking tax-exempt income from New York-focused municipal bonds. Operated within the fixed-income segment of the asset management industry, the fund targets New York residents and tax-sensitive investors, with a portfolio comprising approximately 390 holdings and total assets under management of around $1.28 billion as of recent data. Sanford C. Bernstein Fund, Inc. traces its origins to the broader AllianceBernstein legacy, with Sanford C. Bernstein & Company founded in 1967 and the fund structure incorporated in 1988; it is headquartered at 1345 Avenue of the Americas, New York, New York, under the management of AllianceBernstein L.P., which relocated its global headquarters to Nashville, Tennessee, while maintaining a significant presence in New York. In a major strategic shift, the New York Municipal Portfolio, which includes ANIAX Class A shares, underwent class consolidations in 2025 whereby AB Intermediate New York Municipal Class A and Class C shares were automatically converted into Advisor Class shares ahead of the portfolio's conversion into the actively managed AB New York Intermediate Municipal ETF, expected around November 2025; this ETF conversion, managed by AllianceBernstein L.P., aims to enhance liquidity and accessibility for New York investors while maintaining the focus on tax-exempt municipal bonds with at least 80% New York issuance. This restructuring aligns with AllianceBernstein's broader initiative to convert multiple municipal portfolios, including the California Municipal Portfolio, into state-specific ETFs launched in late 2025, responding to client demand for ETF structures in tax-efficient fixed-income strategies. No significant acquisitions, partnerships, or new product launches beyond this conversion were reported for the fund in the last 1-2 years.