ETF Evaluator: AB New York Intermediate Municipal ETF () Follow This ETF

AB New York Intermediate Municipal ETF Overview

AB New York Intermediate Municipal ETF (NYM) is an actively managed Municipal Bond Muni Single State Short exchange-traded fund (ETF). AllianceBernstein launched the ETF in 1989.

The investment seeks to provide safety of principal and maximize total return after taking account of federal, state and local taxes for New York residents. The fund invests at least 80% of its net assets in a portfolio of municipal securities issued by the State of New York or its political subdivisions, or otherwise exempt from New York state income tax. It invests at least 80% of its total assets in municipal securities rated A or better by NRSROs (or, if unrated, determined by AllianceBernstein L.P., the Portfolio’s investment manager (the “Manager”), to be of comparable quality) and comparably rated municipal notes. The fund is non-diversified.

About AB New York Intermediate Municipal ETF (NYM)

There are 3 members of the management team with an average tenure of 7.62 years: Daryl Clements (2022), Matthew Norton (2016) and Andrew Potter (2018). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: Bloomberg Municipal TR USD index with a weighting of 100% and Bloomberg 1-10 year Blend TR USD index with a weighting of 100%. AB New York Intermediate Municipal ETF has 432 securities in its portfolio. The top 10 holdings constitute 15.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

AB New York Intermediate Municipal ETF is part of the Fixed Income global asset class and is within the Municipal Bond ETF group. AB New York Intermediate Municipal ETF has 4.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 94.7% (90.5% domestic bond, 4.2% foreign bond and 0.0% convertible bond). AB New York Intermediate Municipal ETF has 5.3% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $980 million average for the Muni Single State Short category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

NYM Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AB New York Intermediate Municipal ETF expense ratio is below average compared to funds in the Muni Single State Short category. AB New York Intermediate Municipal ETF has an expense ratio of 0.27%, which is 9% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. AB New York Intermediate Municipal ETF has a portfolio turnover rate of 1%, which indicates that it holds its assets around / 1.0 years. By way of comparison, the average portfolio turnover is 38% for the Muni Single State Short category.

Recently, in the month of July 2026, AB New York Intermediate Municipal ETF returned -1.0%, which earned it a grade of C, as the Muni Single State Short category had an average return of -0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

AB New York Intermediate Municipal ETF has a trailing yield of 2.82%, which is above the 2.81% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

AB New York Intermediate Municipal ETF Grades

Year to date, the ETF has returned 0.8%, 0.0 percentage points better than the category, which translates into a grade of C. The fund has returned 4.0% over the past year (grade of A), 3.1% over the past three years (grade of C) and 1.1% per year over the past five years (grade of F) and 1.6% per year over the past 10 years (grade of F).

For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about AB New York Intermediate Municipal ETF, including its riskiness, submit your email to unlock the rest of the article.