AB Massachusetts Portfolio Fund Advisor Shares (AMAYX)

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AB Massachusetts Portfolio Fund Advisor Shares (AMAYX) is up 1.6% since the beginning of the year. AMAYX is currently trading at $10 per share. Investors who bought $1,000 worth of AMAYX shares 5 years ago would now be looking at an investment worth $1,020.

AB Massachusetts Portfolio Fund Advisor Shares (AMAYX) has returned 1.60% so far this year and 6.89% over the past 12 months.

Based on dividend-adjusted daily data since Jul 28, 2016, AMAYX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 63% of months were positive and 38% were negative. The best month was Nov 2023 with a return of +6.2%, while the worst month was Mar 2020 at -4.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.

On a daily basis, AMAYX closed higher 36% of trading days. The best single day was Mar 26, 2020 with a return of +3.1%, while the worst single day was Apr 1, 2020 at -2.9%.

AB Massachusetts Portfolio Fund Advisor Shares has an annualized alpha of 1.25%, beta of 0.03, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 29, 2016.

• This fund participated in 20.96% of S&P 500 Index downside but only 12.78% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

AMAYX has an expense ratio of 0.52%, placing it in the medium range.

AMAYX ranks 66 for risk / return — better than 66% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for AB Massachusetts Portfolio Fund Advisor Shares (AMAYX) and compare them to S&P 500 Index.

AB Massachusetts Portfolio Fund Advisor Shares provided a 3.58% dividend yield over the last twelve months, with an annual payout of $0.37 per share. The fund has been increasing its distributions for 2 consecutive years.

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

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.

The table below displays the maximum drawdowns of the AB Massachusetts Portfolio Fund Advisor 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 Massachusetts Portfolio Fund Advisor Shares was 14.15%, occurring on Oct 26, 2022. Recovery took 827 trading sessions.

The current AB Massachusetts Portfolio Fund Advisor Shares drawdown is 0.16%.

The chart below shows the rolling one-month volatility.