AB Municipal Income Fund II Massachusetts Portfolio (AMAAX)
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 AMT for certain taxpayers. It normally invests at least 80% of its net assets in municipal securities of Massachusetts or municipal securities with interest that is otherwise exempt from Massachusetts state income tax.
Fund Info
| ISIN | US01864E7638 |
|---|---|
| CUSIP | 01864E763 |
| Issuer | AllianceBernstein |
| Inception Date | Mar 28, 1994 |
| Category | Municipal Bonds |
| Min. Investment | $2,500 |
| Asset Class | Bond |
Expense Ratio
AMAAX has a high expense ratio of 0.77%, indicating higher-than-average management fees.
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 II Massachusetts 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 II Massachusetts Portfolio had a return of -1.55% year-to-date (YTD) and 1.67% in the last 12 months. Over the past 10 years, AB Municipal Income Fund II Massachusetts Portfolio had an annualized return of 1.93%, while the S&P 500 had an annualized return of 10.37%, indicating that AB Municipal Income Fund II Massachusetts Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.55% | 5.57% |
| 1 month | -1.53% | -4.16% |
| 6 months | 6.98% | 20.07% |
| 1 year | 1.67% | 20.82% |
| 5 years (annualized) | 0.91% | 11.56% |
| 10 years (annualized) | 1.93% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.02% | -0.05% | 0.05% | |||||||||
| 2023 | -1.36% | 6.12% | 2.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AMAAX is 14, indicating that it is in the bottom 14% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
AB Municipal Income Fund II Massachusetts Portfolio(AMAAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Municipal Income Fund II Massachusetts Portfolio (AMAAX) 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 II Massachusetts Portfolio granted a 2.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.28 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.30 | $0.26 | $0.25 | $0.30 | $0.33 | $0.32 | $0.35 | $0.35 | $0.37 | $0.38 | $0.39 |
Dividend yield | 2.71% | 2.86% | 2.57% | 2.16% | 2.55% | 2.88% | 2.95% | 3.14% | 3.17% | 3.21% | 3.34% | 3.57% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Municipal Income Fund II Massachusetts 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.02 | $0.03 | |||||||||
| 2023 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 |
| 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 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 |
| 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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the AB Municipal Income Fund II Massachusetts 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 II Massachusetts Portfolio was 14.00%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current AB Municipal Income Fund II Massachusetts Portfolio drawdown is 6.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14% | Jan 4, 2022 | 204 | Oct 25, 2022 | — | — | — |
| -11.49% | Mar 10, 2020 | 9 | Mar 20, 2020 | 95 | Aug 5, 2020 | 104 |
| -9% | Sep 12, 2008 | 25 | Oct 16, 2008 | 124 | Apr 16, 2009 | 149 |
| -8% | Dec 11, 2012 | 185 | Sep 5, 2013 | 247 | Aug 28, 2014 | 432 |
| -7.61% | Apr 22, 1999 | 193 | Jan 18, 2000 | 137 | Aug 3, 2000 | 330 |
Volatility
Volatility Chart
The current AB Municipal Income Fund II Massachusetts Portfolio volatility is 0.88%, 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.