AB Municipal Income Fund II Arizona Portfolio (AAZAX)
The investment seeks to earn the highest level of current income exempt from both federal income tax and State of Arizona personal income tax that is available without assuming what the Adviser considers to be undue risk. The fund principally invests in high-yielding, predominantly investment grade municipal securities. It invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax.
Fund Info
US01864E7976
01864E797
May 31, 1994
$2,500
Expense Ratio
AAZAX has an expense ratio of 0.78%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
AB Municipal Income Fund II Arizona Portfolio (AAZAX) returned -3.67% year-to-date (YTD) and 0.25% over the past 12 months. Over the past 10 years, AAZAX returned 1.70% annually, underperforming the S&P 500 benchmark at 10.84%.
AAZAX
-3.67%
-1.16%
-4.49%
0.25%
0.66%
0.49%
1.70%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of AAZAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.17% | 0.80% | -1.83% | -1.34% | -1.50% | -3.67% | |||||||
| 2024 | -0.04% | 0.13% | 0.42% | -1.41% | 0.46% | 1.80% | 1.01% | 0.93% | 0.89% | -1.46% | 1.50% | -1.29% | 2.92% |
| 2023 | 2.63% | -2.01% | 1.55% | 0.04% | -0.94% | 0.53% | 0.02% | -0.96% | -2.47% | -1.92% | 6.11% | 2.56% | 4.93% |
| 2022 | -1.92% | -0.53% | -2.59% | -2.85% | 1.19% | -1.77% | 2.36% | -2.14% | -3.73% | -0.88% | 4.34% | -0.24% | -8.69% |
| 2021 | 0.56% | -1.48% | 0.74% | 0.83% | 0.63% | 0.28% | 0.80% | -0.25% | -0.70% | 0.09% | 0.79% | 0.00% | 2.31% |
| 2020 | 1.56% | 1.25% | -5.40% | -1.34% | 2.46% | 1.41% | 1.50% | -0.06% | 0.03% | -0.14% | 1.46% | 0.84% | 3.37% |
| 2019 | 0.90% | 0.59% | 1.25% | 0.33% | 1.06% | 0.48% | 0.68% | 1.40% | -0.58% | 0.05% | 0.13% | 0.30% | 6.77% |
| 2018 | -0.74% | -0.41% | 0.26% | -0.40% | 1.08% | 0.16% | 0.25% | 0.18% | -0.61% | -0.59% | 0.72% | 0.88% | 0.76% |
| 2017 | 0.54% | 0.42% | 0.28% | 0.78% | 1.35% | -0.19% | 0.59% | 0.87% | -0.37% | 0.15% | -0.38% | 0.88% | 5.02% |
| 2016 | 1.33% | 0.15% | 0.44% | 0.70% | 0.34% | 1.57% | -0.01% | 0.25% | -0.35% | -0.89% | -3.39% | 0.82% | 0.87% |
| 2015 | 1.91% | -1.33% | 0.28% | -0.62% | -0.07% | -0.17% | 0.85% | 0.09% | 0.73% | 0.45% | 0.61% | 0.81% | 3.57% |
| 2014 | 1.37% | 1.13% | 0.22% | 0.86% | 1.69% | 0.03% | 0.03% | 1.21% | 0.20% | 0.77% | 0.27% | 0.75% | 8.85% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AAZAX is 7, meaning it’s performing worse than 93% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Municipal Income Fund II Arizona Portfolio (AAZAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
AB Municipal Income Fund II Arizona Portfolio provided a 2.98% dividend yield over the last twelve months, with an annual payout of $0.29 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.29 | $0.30 | $0.29 | $0.01 | $0.26 | $0.01 | $0.31 | $0.08 | $0.11 | $0.00 | $0.06 | $0.39 |
Dividend yield | 2.98% | 2.88% | 2.79% | 0.14% | 2.28% | 0.07% | 2.75% | 0.74% | 0.99% | 0.01% | 0.55% | 3.53% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Municipal Income Fund II Arizona Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.02 | $0.02 | $0.00 | $0.09 | |||||||
| 2024 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2019 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.31 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.08 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.03 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
| 2014 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the AB Municipal Income Fund II Arizona Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB Municipal Income Fund II Arizona Portfolio was 12.90%, occurring on Oct 26, 2022. Recovery took 484 trading sessions.
The current AB Municipal Income Fund II Arizona Portfolio drawdown is 5.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -12.9% | Aug 6, 2021 | 309 | Oct 26, 2022 | 484 | Oct 1, 2024 | 793 |
| -11.73% | Mar 3, 2020 | 14 | Mar 20, 2020 | 180 | Dec 4, 2020 | 194 |
| -10.29% | Sep 12, 2008 | 24 | Oct 15, 2008 | 142 | May 11, 2009 | 166 |
| -7.02% | May 3, 2013 | 89 | Sep 9, 2013 | 181 | May 29, 2014 | 270 |
| -6.35% | Oct 14, 2010 | 66 | Jan 18, 2011 | 120 | Jul 11, 2011 | 186 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...