AB Municipal Income Fund II Pennsylvania Portfolio (APAAX)
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 Pennsylvania or municipal securities with interest that is otherwise exempt from Pennsylvania state income tax.
Fund Info
US01864E8396
01864E839
Jun 24, 1993
$2,500
Expense Ratio
APAAX has an expense ratio of 0.85%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
AB Municipal Income Fund II Pennsylvania Portfolio (APAAX) returned 238.59% year-to-date (YTD) and 249.34% over the past 12 months. Over the past 10 years, APAAX delivered an annualized return of 15.46%, outperforming the S&P 500 benchmark at 10.46%.
APAAX
238.59%
241.26%
238.65%
249.34%
29.67%
15.46%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of APAAX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.39% | 1.17% | -1.08% | -1.03% | 240.54% | 238.59% | |||||||
| 2024 | 0.26% | -0.16% | 0.26% | -1.29% | 0.49% | 1.50% | 1.09% | 0.90% | 1.36% | -1.24% | 1.30% | -1.16% | 3.29% |
| 2023 | 2.77% | -2.01% | 1.43% | -0.27% | -0.57% | 0.58% | 0.12% | -0.98% | -2.60% | -1.59% | 5.37% | 2.38% | 4.44% |
| 2022 | -2.10% | -0.56% | -2.91% | -2.91% | 0.94% | -1.98% | 2.29% | -1.98% | -3.77% | -1.25% | 4.49% | 0.16% | -9.45% |
| 2021 | 0.78% | -1.19% | 0.69% | 0.97% | 0.57% | 0.30% | 0.77% | -0.16% | -0.63% | 0.02% | 0.75% | 0.11% | 3.00% |
| 2020 | 1.57% | 1.14% | -4.37% | -1.69% | 2.92% | 1.21% | 1.78% | 0.13% | 0.14% | -0.13% | 1.25% | 0.78% | 4.64% |
| 2019 | 0.75% | 0.53% | 1.33% | 0.43% | 1.24% | 0.42% | 0.72% | 1.49% | -0.62% | 0.06% | 0.15% | 0.33% | 7.02% |
| 2018 | -0.89% | -0.35% | 0.15% | -0.24% | 0.93% | 0.16% | 0.16% | 0.18% | -0.65% | -0.71% | 0.77% | 0.85% | 0.33% |
| 2017 | 0.45% | 0.81% | 0.27% | 0.71% | 1.40% | -0.32% | 0.61% | 0.63% | -0.32% | 0.33% | -0.43% | 1.02% | 5.27% |
| 2016 | 1.31% | 0.14% | 0.44% | 0.53% | 0.24% | 1.55% | -0.04% | 0.06% | -0.30% | -0.80% | -3.25% | 0.63% | 0.43% |
| 2015 | 1.97% | -1.35% | 0.35% | -0.69% | -0.11% | -0.23% | 0.76% | 0.24% | 0.63% | 0.46% | 0.44% | 0.72% | 3.20% |
| 2014 | 1.80% | 1.06% | 0.38% | 1.25% | 1.54% | -0.59% | 0.08% | 1.32% | -0.04% | 0.85% | 0.05% | 0.94% | 8.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, APAAX is among the top 4% of mutual funds on our website when it comes to balancing risk and reward. Below is 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 II Pennsylvania Portfolio (APAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
AB Municipal Income Fund II Pennsylvania Portfolio provided a 0.85% dividend yield over the last twelve months, with an annual payout of $0.28 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.30 | $0.30 | $0.28 | $0.27 | $0.30 | $0.31 | $0.31 | $0.31 | $0.31 | $0.32 | $0.33 |
Dividend yield | 0.85% | 3.12% | 3.04% | 2.88% | 2.49% | 2.80% | 2.92% | 3.04% | 2.91% | 3.02% | 3.03% | 3.16% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Municipal Income Fund II Pennsylvania 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.02 | $0.00 | $0.00 | $0.08 | |||||||
| 2024 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.30 |
| 2023 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.30 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 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 | $0.31 |
| 2017 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $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 | $0.32 |
| 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 |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the AB Municipal Income Fund II Pennsylvania 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 Pennsylvania Portfolio was 13.98%, occurring on Oct 25, 2022. Recovery took 635 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.98% | Jan 4, 2022 | 204 | Oct 25, 2022 | 635 | May 8, 2025 | 839 |
| -11.85% | Jan 24, 2008 | 225 | Dec 12, 2008 | 179 | Aug 31, 2009 | 404 |
| -11.11% | Mar 9, 2020 | 10 | Mar 20, 2020 | 96 | Aug 6, 2020 | 106 |
| -8.39% | Dec 3, 2012 | 193 | Sep 9, 2013 | 245 | Aug 28, 2014 | 438 |
| -7.6% | Apr 22, 1999 | 194 | Jan 19, 2000 | 141 | Aug 10, 2000 | 335 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...