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
ISIN | US01864E7976 |
---|---|
CUSIP | 01864E797 |
Issuer | AllianceBernstein |
Inception Date | May 31, 1994 |
Category | Municipal Bonds |
Min. Investment | $2,500 |
Asset Class | Bond |
Expense Ratio
The AB Municipal Income Fund II Arizona Portfolio has a high expense ratio of 0.78%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AB Municipal Income Fund II Arizona Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
AB Municipal Income Fund II Arizona Portfolio had a return of 0.28% year-to-date (YTD) and 3.51% in the last 12 months. Over the past 10 years, AB Municipal Income Fund II Arizona Portfolio had an annualized return of 2.43%, while the S&P 500 had an annualized return of 10.89%, indicating that AB Municipal Income Fund II Arizona Portfolio did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 0.28% | 10.16% |
1 month | 0.52% | 3.47% |
6 months | 7.51% | 22.20% |
1 year | 3.51% | 30.45% |
5 years (annualized) | 1.10% | 13.16% |
10 years (annualized) | 2.43% | 10.89% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.04% | 0.13% | ||||||||||
2023 | -0.96% | -2.47% | -1.92% | 6.11% | 2.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for AB Municipal Income Fund II Arizona Portfolio (AAZAX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
AB Municipal Income Fund II Arizona Portfolio | 0.93 | ||||
S&P 500 | 2.79 |
Dividends
Dividend History
AB Municipal Income Fund II Arizona Portfolio granted a 2.81% dividend yield in the last twelve months. The annual payout for that period amounted to $0.29 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.29 | $0.29 | $0.28 | $0.26 | $0.29 | $0.31 | $0.32 | $0.33 | $0.34 | $0.37 | $0.40 | $0.39 |
Dividend yield | 2.81% | 2.79% | 2.78% | 2.28% | 2.57% | 2.75% | 2.94% | 2.98% | 3.14% | 3.29% | 3.54% | 3.68% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.03 | $0.02 | ||||||||||
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 |
2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 |
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 |
2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
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 |
2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
2014 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 |
2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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. The portfolio has not yet recovered.
The current AB Municipal Income Fund II Arizona Portfolio drawdown is 3.98%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-12.9% | Aug 6, 2021 | 309 | Oct 26, 2022 | — | — | — |
-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 current AB Municipal Income Fund II Arizona Portfolio volatility is 0.50%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.