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AB Municipal Income Fund II Arizona Portfolio (AAZ...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS01864E7976
CUSIP01864E797
IssuerAllianceBernstein
Inception DateMay 31, 1994
CategoryMunicipal Bonds
Min. Investment$2,500
Asset ClassBond

Expense Ratio

The AB Municipal Income Fund II Arizona Portfolio has a high expense ratio of 0.78%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.78%

Share Price Chart


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Compare to other instruments

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AB Municipal Income Fund II Arizona Portfolio

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.


200.00%300.00%400.00%500.00%OctoberNovemberDecember2024FebruaryMarch
182.22%
547.23%
AAZAX (AB Municipal Income Fund II Arizona Portfolio)
Benchmark (^GSPC)

S&P 500

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.


PeriodReturnBenchmark
Year-To-Date0.28%10.16%
1 month0.52%3.47%
6 months7.51%22.20%
1 year3.51%30.45%
5 years (annualized)1.10%13.16%
10 years (annualized)2.43%10.89%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AAZAX
AB Municipal Income Fund II Arizona Portfolio
0.93
^GSPC
S&P 500
2.79

Sharpe Ratio

The current AB Municipal Income Fund II Arizona Portfolio Sharpe ratio is 0.93. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
0.93
2.79
AAZAX (AB Municipal Income Fund II Arizona Portfolio)
Benchmark (^GSPC)

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.


PeriodTTM20232022202120202019201820172016201520142013
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-3.98%
0
AAZAX (AB Municipal Income Fund II Arizona Portfolio)
Benchmark (^GSPC)

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, 2021309Oct 26, 2022
-11.73%Mar 3, 202014Mar 20, 2020180Dec 4, 2020194
-10.29%Sep 12, 200824Oct 15, 2008142May 11, 2009166
-7.02%May 3, 201389Sep 9, 2013181May 29, 2014270
-6.35%Oct 14, 201066Jan 18, 2011120Jul 11, 2011186

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.


1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
0.50%
2.80%
AAZAX (AB Municipal Income Fund II Arizona Portfolio)
Benchmark (^GSPC)