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AB Impact Municipal Income Shares (ABIMX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS01879V6020
IssuerAllianceBernstein
Inception DateSep 11, 2017
CategoryMunicipal Bonds
Min. Investment$0
Asset ClassBond

Expense Ratio

ABIMX has an expense ratio of 0.00%, indicating no management fees are charged.


Expense ratio chart for ABIMX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Share Price Chart


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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

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.


0.00%5.00%10.00%MayJuneJulyAugustSeptemberOctober
5.11%
13.50%
ABIMX (AB Impact Municipal Income Shares)
Benchmark (^GSPC)

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.


PeriodReturnBenchmark
Year-To-Date3.92%21.91%
1 month-0.42%4.70%
6 months5.12%13.50%
1 year14.15%33.69%
5 years (annualized)1.94%14.40%
10 years (annualized)N/A11.99%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.10%-0.02%0.31%-1.96%0.54%2.48%1.12%0.93%1.30%3.92%
20233.72%-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%
20211.17%-1.80%0.89%1.35%0.66%0.57%1.03%-0.44%-0.90%0.12%1.31%0.30%4.29%
20202.27%1.82%-5.81%-3.25%3.60%2.31%1.90%-0.24%-0.04%-0.14%2.33%1.37%5.87%
20190.60%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.


The Risk-Adjusted Performance Rank of ABIMX is 6666
ABIMX (AB Impact Municipal Income Shares)
The Sharpe Ratio Rank of ABIMX is 7878Sharpe Ratio Rank
The Sortino Ratio Rank of ABIMX is 8383Sortino Ratio Rank
The Omega Ratio Rank of ABIMX is 8383Omega Ratio Rank
The Calmar Ratio Rank of ABIMX is 3030Calmar Ratio Rank
The Martin Ratio Rank of ABIMX is 5555Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


ABIMX
Sharpe ratio
The chart of Sharpe ratio for ABIMX, currently valued at 2.73, compared to the broader market0.002.004.002.73
Sortino ratio
The chart of Sortino ratio for ABIMX, currently valued at 4.41, compared to the broader market0.005.0010.004.41
Omega ratio
The chart of Omega ratio for ABIMX, currently valued at 1.62, compared to the broader market1.002.003.004.001.62
Calmar ratio
The chart of Calmar ratio for ABIMX, currently valued at 0.87, compared to the broader market0.005.0010.0015.0020.0025.000.87
Martin ratio
The chart of Martin ratio for ABIMX, currently valued at 12.96, compared to the broader market0.0020.0040.0060.0080.00100.0012.96
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.63, compared to the broader market0.002.004.002.63
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.52, compared to the broader market0.005.0010.003.52
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.48, compared to the broader market1.002.003.004.001.48
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.32, compared to the broader market0.005.0010.0015.0020.0025.002.32
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 16.07, compared to the broader market0.0020.0040.0060.0080.00100.0016.07

Sharpe Ratio

The current AB Impact Municipal Income Shares Sharpe ratio is 2.73. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of AB Impact Municipal Income Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00MayJuneJulyAugustSeptemberOctober
2.73
2.63
ABIMX (AB Impact Municipal Income Shares)
Benchmark (^GSPC)

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.


PeriodTTM2023202220212020201920182017
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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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.


-8.00%-6.00%-4.00%-2.00%0.00%MayJuneJulyAugustSeptemberOctober
-1.09%
0
ABIMX (AB Impact Municipal Income Shares)
Benchmark (^GSPC)

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, 2022204Oct 25, 2022485Oct 1, 2024689
-13.58%Mar 10, 20209Mar 20, 2020178Dec 2, 2020187
-2.9%Feb 16, 20218Feb 25, 202165May 28, 202173
-2.39%Dec 7, 201755Feb 27, 201899Jul 19, 2018154
-2.23%Sep 4, 201846Nov 6, 201829Dec 19, 201875

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.


1.00%2.00%3.00%4.00%5.00%6.00%MayJuneJulyAugustSeptemberOctober
0.85%
2.82%
ABIMX (AB Impact Municipal Income Shares)
Benchmark (^GSPC)