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AB Municipal Income Fund New York Portfolio (ALNYX)

Mutual Fund · Currency in USD · Last updated Jun 2, 2023

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

ISINUS0186422079
CUSIP018642207
IssuerAllianceBernstein
Inception DateDec 28, 1986
CategoryMunicipal Bonds
Minimum Investment$2,500
Asset ClassBond

Expense Ratio

The AB Municipal Income Fund New York Portfolio has a high expense ratio of 0.75%, indicating higher-than-average management fees.


0.75%
0.00%2.15%

Share Price Chart


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Performance

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.


-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%2023FebruaryMarchAprilMayJune
1.40%
5.56%
ALNYX (AB Municipal Income Fund New York Portfolio)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

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Return

AB Municipal Income Fund New York Portfolio had a return of 2.17% year-to-date (YTD) and -0.77% in the last 12 months. Over the past 10 years, AB Municipal Income Fund New York Portfolio had an annualized return of 1.79%, while the S&P 500 had an annualized return of 9.99%, indicating that AB Municipal Income Fund New York Portfolio did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-0.54%3.18%
Year-To-Date2.17%9.94%
6 months1.63%3.67%
1 year-0.77%1.06%
5 years (annualized)1.19%9.08%
10 years (annualized)1.79%9.99%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20232.88%-1.93%1.47%0.12%-0.65%
20224.59%-0.20%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for AB Municipal Income Fund New York Portfolio (ALNYX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that 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
ALNYX
AB Municipal Income Fund New York Portfolio
-0.18
^GSPC
S&P 500
0.10

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current AB Municipal Income Fund New York Portfolio Sharpe ratio is -0.18. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-2.50-2.00-1.50-1.00-0.500.000.501.002023FebruaryMarchAprilMayJune
-0.18
0.10
ALNYX (AB Municipal Income Fund New York Portfolio)
Benchmark (^GSPC)

Dividend History

AB Municipal Income Fund New York Portfolio granted a 3.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.34 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.34$0.24$0.21$0.26$0.27$0.29$0.29$0.29$0.32$0.33$0.34$0.37

Dividend yield

3.71%2.62%2.11%2.65%2.90%3.32%3.33%3.49%3.88%4.18%4.59%4.79%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.02$0.02$0.02$0.02$0.00
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
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$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02
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
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
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
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
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
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
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
2012$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.05

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%2023FebruaryMarchAprilMayJune
-8.20%
-12.00%
ALNYX (AB Municipal Income Fund New York Portfolio)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the AB Municipal Income Fund New York Portfolio. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the AB Municipal Income Fund New York Portfolio is 19.98%, recorded on Nov 22, 1994. It took 658 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.98%Oct 18, 1993287Nov 22, 1994658May 30, 1997945
-14.42%Aug 2, 2021312Oct 25, 2022
-12.7%Mar 3, 202014Mar 20, 2020188Dec 16, 2020202
-12.02%Jan 24, 2008185Oct 16, 2008145May 15, 2009330
-8.06%Dec 7, 2012189Sep 9, 2013246Aug 29, 2014435

Volatility Chart

The current AB Municipal Income Fund New York Portfolio volatility is 1.12%, 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.


0.00%2.00%4.00%6.00%8.00%2023FebruaryMarchAprilMayJune
1.12%
3.68%
ALNYX (AB Municipal Income Fund New York Portfolio)
Benchmark (^GSPC)