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AB Municipal Income Fund National Portfolio (ALTHX...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0186421089
CUSIP018642108
IssuerAllianceBernstein
Inception DateDec 28, 1986
CategoryMunicipal Bonds
Min. Investment$2,500
Asset ClassBond

Expense Ratio

ALTHX has a high expense ratio of 0.75%, indicating higher-than-average management fees.


Expense ratio chart for ALTHX: current value at 0.75% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.75%

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.


AB Municipal Income Fund National Portfolio

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in AB Municipal Income Fund National Portfolio, 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%15.00%2024FebruaryMarchAprilMayJune
2.27%
15.76%
ALTHX (AB Municipal Income Fund National Portfolio)
Benchmark (^GSPC)

S&P 500

Returns By Period

AB Municipal Income Fund National Portfolio had a return of 0.20% year-to-date (YTD) and 3.95% in the last 12 months. Over the past 10 years, AB Municipal Income Fund National Portfolio had an annualized return of 2.30%, while the S&P 500 had an annualized return of 10.77%, indicating that AB Municipal Income Fund National Portfolio did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date0.20%12.69%
1 month0.19%2.92%
6 months2.27%15.76%
1 year3.95%23.89%
5 years (annualized)1.07%13.23%
10 years (annualized)2.30%10.77%

Monthly Returns

The table below presents the monthly returns of ALTHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.07%0.05%0.16%-1.19%0.19%0.20%
20232.90%-1.94%1.55%0.24%-0.69%0.57%0.12%-0.90%-2.61%-1.48%5.94%2.49%6.05%
2022-2.45%-0.51%-3.00%-2.78%1.22%-2.23%2.71%-2.20%-3.80%-1.05%4.31%-0.16%-9.82%
20210.93%-1.51%0.65%0.94%0.51%0.43%0.72%-0.40%-0.69%-0.03%0.90%0.06%2.50%
20201.85%1.32%-5.93%-1.66%3.15%1.89%1.98%-0.09%-0.10%-0.08%1.62%1.04%4.77%
20190.65%0.52%1.53%0.42%1.32%0.40%0.60%1.58%-0.66%0.02%0.11%0.30%6.99%
2018-1.01%-0.56%0.36%-0.36%1.14%0.05%0.14%0.17%-0.58%-0.75%0.76%0.94%0.27%
20170.58%0.55%0.39%0.73%1.45%-0.22%0.63%0.93%-0.33%0.33%-0.33%0.93%5.76%
20161.14%0.06%0.55%0.83%0.44%1.67%-0.04%0.24%-0.32%-1.10%-3.88%0.87%0.37%
20151.65%-1.26%0.28%-0.59%-0.39%-0.22%0.80%0.07%0.77%0.39%0.57%0.87%2.94%
20142.08%1.21%0.12%1.31%1.50%0.00%0.21%1.28%0.18%0.80%0.17%0.78%10.04%
20130.38%0.26%-0.47%1.13%-1.32%-3.55%-1.08%-1.50%2.17%0.32%-0.20%-0.49%-4.38%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ALTHX is 33, 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 ALTHX is 3333
ALTHX (AB Municipal Income Fund National Portfolio)
The Sharpe Ratio Rank of ALTHX is 3636Sharpe Ratio Rank
The Sortino Ratio Rank of ALTHX is 3737Sortino Ratio Rank
The Omega Ratio Rank of ALTHX is 4040Omega Ratio Rank
The Calmar Ratio Rank of ALTHX is 2323Calmar Ratio Rank
The Martin Ratio Rank of ALTHX is 2727Martin 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 Municipal Income Fund National Portfolio (ALTHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


ALTHX
Sharpe ratio
The chart of Sharpe ratio for ALTHX, currently valued at 1.03, compared to the broader market-1.000.001.002.003.004.001.03
Sortino ratio
The chart of Sortino ratio for ALTHX, currently valued at 1.59, compared to the broader market0.005.0010.001.59
Omega ratio
The chart of Omega ratio for ALTHX, currently valued at 1.20, compared to the broader market1.002.003.004.001.20
Calmar ratio
The chart of Calmar ratio for ALTHX, currently valued at 0.32, compared to the broader market0.005.0010.0015.000.32
Martin ratio
The chart of Martin ratio for ALTHX, currently valued at 2.14, compared to the broader market0.0020.0040.0060.0080.002.14
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.21, compared to the broader market-1.000.001.002.003.004.002.21
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.13, compared to the broader market0.005.0010.003.13
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.39, compared to the broader market1.002.003.004.001.39
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.77, compared to the broader market0.005.0010.0015.001.77
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 8.30, compared to the broader market0.0020.0040.0060.0080.008.30

Sharpe Ratio

The current AB Municipal Income Fund National Portfolio Sharpe ratio is 1.03. 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 Municipal Income Fund National Portfolio 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 Ratio0.501.001.502.002.503.002024FebruaryMarchAprilMayJune
1.03
2.21
ALTHX (AB Municipal Income Fund National Portfolio)
Benchmark (^GSPC)

Dividends

Dividend History

AB Municipal Income Fund National Portfolio granted a 3.10% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.


PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.30$0.29$0.25$0.21$0.26$0.28$0.29$0.31$0.31$0.35$0.37$0.36

Dividend yield

3.10%2.98%2.60%1.91%2.43%2.63%2.92%3.02%3.12%3.36%3.55%3.70%

Monthly Dividends

The table displays the monthly dividend distributions for AB Municipal Income Fund National Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.02$0.03$0.03$0.03$0.00$0.13
2023$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03$0.03$0.29
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$0.25
2021$0.02$0.02$0.02$0.02$0.01$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$0.03$0.02$0.02$0.02$0.02$0.02$0.26
2019$0.03$0.02$0.02$0.02$0.03$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.28
2018$0.03$0.02$0.03$0.02$0.03$0.03$0.02$0.03$0.02$0.02$0.03$0.02$0.29
2017$0.03$0.03$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.31
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.02$0.03$0.03$0.31
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$0.35
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$0.37
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$0.36

Drawdowns

Drawdowns Chart

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


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%2024FebruaryMarchAprilMayJune
-4.33%
0
ALTHX (AB Municipal Income Fund National Portfolio)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the AB Municipal Income Fund National 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 National Portfolio was 19.05%, occurring on Nov 21, 1994. Recovery took 579 trading sessions.

The current AB Municipal Income Fund National Portfolio drawdown is 4.33%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-19.05%Oct 18, 1993286Nov 21, 1994579Feb 7, 1997865
-15.21%Jan 24, 2008226Dec 15, 2008180Sep 2, 2009406
-14.14%Aug 5, 2021310Oct 26, 2022
-12.83%Mar 3, 202014Mar 20, 2020170Nov 19, 2020184
-8.53%Apr 22, 1999194Jan 19, 2000191Oct 20, 2000385

Volatility

Volatility Chart

The current AB Municipal Income Fund National Portfolio volatility is 0.98%, 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%2024FebruaryMarchAprilMayJune
0.98%
2.41%
ALTHX (AB Municipal Income Fund National Portfolio)
Benchmark (^GSPC)