AB Tax-Aware Fixed Income Opportunities Portfolio (ATTYX)
The investment seeks to maximize after-tax return and income. The fund invests, under normal circumstances, at least 80% of its net assets in fixed-income securities. It also invests, under normal circumstances, at least 65% of its total assets in municipal securities that pay interest that is exempt from federal income tax. The fund may also invest in forward commitments, zero-coupon municipal securities and variable, floating and inverse floating-rate municipal securities.
Fund Info
| ISIN | US0185281336 |
|---|---|
| Issuer | AllianceBernstein |
| Inception Date | Dec 10, 2013 |
| Category | Municipal Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
ATTYX has a high expense ratio of 0.50%, 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 Tax-Aware Fixed Income Opportunities 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 Tax-Aware Fixed Income Opportunities Portfolio had a return of -0.87% year-to-date (YTD) and 3.14% in the last 12 months. Over the past 10 years, AB Tax-Aware Fixed Income Opportunities Portfolio had an annualized return of 2.71%, while the S&P 500 had an annualized return of 10.37%, indicating that AB Tax-Aware Fixed Income Opportunities Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -0.87% | 5.57% |
| 1 month | -1.70% | -4.16% |
| 6 months | 8.34% | 20.07% |
| 1 year | 3.14% | 20.82% |
| 5 years (annualized) | 2.04% | 11.56% |
| 10 years (annualized) | 2.71% | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.23% | 0.20% | 0.40% | |||||||||
| 2023 | -1.55% | 6.22% | 2.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ATTYX is 27, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
AB Tax-Aware Fixed Income Opportunities Portfolio(ATTYX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Tax-Aware Fixed Income Opportunities Portfolio (ATTYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB Tax-Aware Fixed Income Opportunities Portfolio granted a 3.63% dividend yield in the last twelve months. The annual payout for that period amounted to $0.38 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.38 | $0.41 | $0.27 | $0.23 | $0.37 | $0.30 | $0.28 | $0.23 | $0.24 | $0.21 | $0.19 | $0.00 |
Dividend yield | 3.63% | 3.88% | 2.62% | 1.97% | 3.26% | 2.66% | 2.62% | 2.17% | 2.33% | 2.00% | 1.84% | 0.01% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Tax-Aware Fixed Income Opportunities 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 | $0.03 | $0.03 | |||||||||
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.01 | $0.02 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2019 | $0.01 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2015 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2014 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 |
| 2013 | $0.00 |
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 Tax-Aware Fixed Income Opportunities 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 Tax-Aware Fixed Income Opportunities Portfolio was 18.60%, occurring on Mar 23, 2020. Recovery took 178 trading sessions.
The current AB Tax-Aware Fixed Income Opportunities Portfolio drawdown is 3.99%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.6% | Mar 2, 2020 | 16 | Mar 23, 2020 | 178 | Dec 3, 2020 | 194 |
| -14.3% | Aug 2, 2021 | 312 | Oct 25, 2022 | — | — | — |
| -5.44% | Jul 7, 2016 | 104 | Dec 1, 2016 | 186 | Aug 29, 2017 | 290 |
| -2.12% | Feb 3, 2015 | 89 | Jun 10, 2015 | 78 | Sep 30, 2015 | 167 |
| -2.06% | Dec 7, 2017 | 95 | Apr 25, 2018 | 90 | Aug 31, 2018 | 185 |
Volatility
Volatility Chart
The current AB Tax-Aware Fixed Income Opportunities Portfolio volatility is 0.91%, 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.