AB Impact Municipal Income Shares (ABIMX)
The investment seeks to earn the highest level of current income, exempt from federal taxation, that is available consistent with what the Adviser considers to be an appropriate level of risk. The fund pursues its objective by investing principally in high-yielding municipal securities of any credit quality that (i) score highly on the Adviser's environmental, social and governance ("ESG") criteria and (ii) are deemed by the Adviser to have an environmental or social impact in underserved or low socio-economic communities. The fund invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax.
Fund Info
| ISIN | US01879V6020 |
|---|---|
| Issuer | AllianceBernstein |
| Inception Date | Sep 11, 2017 |
| Category | Municipal Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
ABIMX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AB Impact Municipal Income Shares, 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 Impact Municipal Income Shares had a return of 3.92% year-to-date (YTD) and 14.15% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.92% | 21.91% |
| 1 month | -0.42% | 4.70% |
| 6 months | 5.12% | 13.50% |
| 1 year | 14.15% | 33.69% |
| 5 years (annualized) | 1.94% | 14.40% |
| 10 years (annualized) | N/A | 11.99% |
Monthly Returns
The table below presents the monthly returns of ABIMX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.10% | -0.02% | 0.31% | -1.96% | 0.54% | 2.48% | 1.12% | 0.93% | 1.30% | 3.92% | |||
| 2023 | 3.72% | -2.51% | 1.94% | 0.08% | -0.63% | 1.16% | 0.50% | -1.48% | -3.86% | -2.25% | 8.88% | 3.67% | 8.92% |
| 2022 | -2.69% | -0.54% | -3.63% | -4.16% | 1.18% | -2.89% | 3.32% | -2.77% | -4.86% | -1.49% | 6.28% | -0.23% | -12.31% |
| 2021 | 1.17% | -1.80% | 0.89% | 1.35% | 0.66% | 0.57% | 1.03% | -0.44% | -0.90% | 0.12% | 1.31% | 0.30% | 4.29% |
| 2020 | 2.27% | 1.82% | -5.81% | -3.25% | 3.60% | 2.31% | 1.90% | -0.24% | -0.04% | -0.14% | 2.33% | 1.37% | 5.87% |
| 2019 | 0.60% | 0.89% | 2.41% | 0.68% | 2.08% | 0.55% | 0.95% | 2.40% | -0.78% | 0.08% | 0.17% | 0.26% | 10.74% |
| 2018 | -1.43% | -0.58% | 0.78% | -0.37% | 1.38% | 0.05% | 0.25% | 0.40% | -0.88% | -0.95% | 1.02% | 1.52% | 1.16% |
| 2017 | -0.34% | 0.30% | -0.11% | 1.44% | 1.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ABIMX is 66, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Impact Municipal Income Shares (ABIMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB Impact Municipal Income Shares granted a 3.53% dividend yield in the last twelve months. The annual payout for that period amounted to $0.35 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.35 | $0.34 | $0.31 | $0.28 | $0.31 | $0.34 | $0.31 | $0.07 |
Dividend yield | 3.53% | 3.48% | 3.29% | 2.53% | 2.90% | 3.26% | 3.15% | 0.68% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Impact Municipal Income Shares. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.27 | ||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.31 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.34 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2017 | $0.01 | $0.02 | $0.02 | $0.02 | $0.07 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the AB Impact Municipal Income Shares. 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 Impact Municipal Income Shares was 17.91%, occurring on Oct 25, 2022. Recovery took 485 trading sessions.
The current AB Impact Municipal Income Shares drawdown is 1.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.91% | Jan 4, 2022 | 204 | Oct 25, 2022 | 485 | Oct 1, 2024 | 689 |
| -13.58% | Mar 10, 2020 | 9 | Mar 20, 2020 | 178 | Dec 2, 2020 | 187 |
| -2.9% | Feb 16, 2021 | 8 | Feb 25, 2021 | 65 | May 28, 2021 | 73 |
| -2.39% | Dec 7, 2017 | 55 | Feb 27, 2018 | 99 | Jul 19, 2018 | 154 |
| -2.23% | Sep 4, 2018 | 46 | Nov 6, 2018 | 29 | Dec 19, 2018 | 75 |
Volatility
Volatility Chart
The current AB Impact Municipal Income Shares volatility is 0.85%, 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.