AB Municipal Income Fund New York Portfolio (ALNYX)
The fund invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers. It invests at least 80% of its net assets in municipal securities of New York or municipal securities with interest that is otherwise exempt from New York state income tax.
Fund Info
US0186422079
018642207
Dec 28, 1986
$2,500
Expense Ratio
ALNYX features an expense ratio of 0.75%, falling within the medium range.
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 New York 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 New York Portfolio had a return of 2.24% year-to-date (YTD) and 2.60% in the last 12 months. Over the past 10 years, AB Municipal Income Fund New York Portfolio had an annualized return of 1.98%, while the S&P 500 had an annualized return of 11.06%, indicating that AB Municipal Income Fund New York Portfolio did not perform as well as the benchmark.
ALNYX
2.24%
-0.96%
0.78%
2.60%
0.76%
1.98%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of ALNYX, 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 | 0.25% | 0.12% | 0.13% | -1.06% | 0.48% | 1.53% | 0.89% | 0.91% | 0.87% | -1.33% | 1.18% | 2.24% | |
| 2023 | 2.88% | -1.93% | 1.47% | 0.12% | -0.41% | 0.57% | 0.22% | -1.19% | -2.64% | -1.80% | 5.83% | 2.34% | 5.28% |
| 2022 | -2.33% | -0.64% | -2.93% | -2.80% | 1.16% | -2.43% | 2.39% | -2.11% | -3.98% | -0.91% | 4.59% | -0.20% | -10.02% |
| 2021 | 1.17% | -1.39% | 0.68% | 1.17% | 0.65% | 0.55% | 0.74% | -0.42% | -0.71% | 0.07% | 0.86% | 0.09% | 3.47% |
| 2020 | 1.71% | 1.27% | -6.33% | -2.15% | 2.55% | 1.98% | 1.76% | 0.00% | -0.10% | 0.01% | 1.70% | 1.20% | 3.30% |
| 2019 | 0.66% | 0.64% | 1.47% | 0.43% | 1.36% | 0.31% | 0.63% | 1.62% | -0.68% | -0.08% | 0.12% | 0.41% | 7.08% |
| 2018 | -1.06% | -0.49% | 0.26% | -0.38% | 1.08% | 0.05% | 0.24% | 0.07% | -0.60% | -0.77% | 0.79% | 0.96% | 0.14% |
| 2017 | 0.68% | 0.54% | 0.28% | 0.84% | 1.47% | -0.15% | 0.63% | 0.64% | -0.36% | 0.33% | -0.47% | 0.95% | 5.50% |
| 2016 | 1.25% | 0.13% | 0.35% | 0.84% | 0.33% | 1.51% | -0.06% | 0.23% | -0.35% | -1.05% | -3.73% | 0.77% | 0.12% |
| 2015 | 1.78% | -1.23% | 0.37% | -0.63% | -0.13% | -0.24% | 0.70% | 0.26% | 0.57% | 0.38% | 0.44% | 0.86% | 3.16% |
| 2014 | 1.56% | 0.90% | 0.19% | 1.11% | 1.41% | -0.32% | 0.19% | 1.29% | -0.04% | 0.79% | 0.05% | 0.77% | 8.18% |
| 2013 | 0.17% | 0.15% | -0.49% | 1.14% | -1.37% | -3.15% | -1.12% | -1.45% | 1.65% | 0.40% | -0.22% | -0.21% | -4.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALNYX is 49, indicating average performance compared to other mutual funds on our website. Here’s 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 New York Portfolio (ALNYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB Municipal Income Fund New York Portfolio provided a 2.69% dividend yield over the last twelve months, with an annual payout of $0.25 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.26 | $0.24 | $0.21 | $0.26 | $0.27 | $0.29 | $0.29 | $0.29 | $0.32 | $0.33 | $0.34 |
Dividend yield | 2.69% | 2.79% | 2.61% | 2.04% | 2.50% | 2.68% | 2.98% | 2.90% | 2.95% | 3.19% | 3.33% | 3.53% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Municipal Income Fund New York 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.00 | $0.00 | $0.23 |
| 2023 | $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 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.24 |
| 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 | $0.21 |
| 2020 | $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 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.29 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.29 |
| 2016 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.32 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 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 | $0.34 |
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 Municipal Income Fund New York 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 New York Portfolio was 19.98%, occurring on Nov 22, 1994. Recovery took 658 trading sessions.
The current AB Municipal Income Fund New York Portfolio drawdown is 3.27%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.98% | Oct 18, 1993 | 287 | Nov 22, 1994 | 658 | May 30, 1997 | 945 |
| -14.4% | Aug 2, 2021 | 312 | Oct 25, 2022 | — | — | — |
| -12.7% | Mar 3, 2020 | 14 | Mar 20, 2020 | 190 | Dec 18, 2020 | 204 |
| -12.02% | Jan 24, 2008 | 185 | Oct 16, 2008 | 145 | May 15, 2009 | 330 |
| -8.21% | Dec 7, 2012 | 189 | Sep 9, 2013 | 268 | Oct 1, 2014 | 457 |
Volatility
Volatility Chart
The current AB Municipal Income Fund New York Portfolio volatility is 1.08%, 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.