AB Municipal Income Fund II Virginia Portfolio (AVAAX)

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

AB Municipal Income Fund II Virginia Portfolio (AVAAX) is up 1.6% since the beginning of the year. AVAAX is currently trading at $11 per share. Investors who bought $1,000 worth of AVAAX shares 5 years ago would now be looking at an investment worth $1,041.

AB Municipal Income Fund II Virginia Portfolio (AVAAX) has returned 1.60% so far this year and 7.08% over the past 12 months. Over the last ten years, AVAAX has returned 1.97% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Apr 29, 1994, AVAAX's average daily return is +0.02%, while the average monthly return is +0.37%. At this rate, an investment would double in approximately 15.6 years.

Historically, 66% of months were positive and 34% were negative. The best month was Nov 2023 with a return of +6.0%, while the worst month was Mar 2020 at -4.8%. The longest winning streak lasted 18 consecutive months, and the longest losing streak was 4 months.

On a daily basis, AVAAX closed higher 36% of trading days. The best single day was Mar 25, 2020 with a return of +3.1%, while the worst single day was Mar 19, 2020 at -2.8%.

AB Municipal Income Fund II Virginia Portfolio has an annualized alpha of 4.48%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since May 02, 1994.

• This fund captured 14.22% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -0.60%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

AVAAX has an expense ratio of 0.80%, placing it in the medium range.

AVAAX 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 Municipal Income Fund II Virginia Portfolio (AVAAX) and compare them to S&P 500 Index.

AB Municipal Income Fund II Virginia Portfolio provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for AB Municipal Income Fund II Virginia Portfolio. 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 Municipal Income Fund II Virginia 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 Virginia Portfolio was 14.11%, occurring on Oct 25, 2022. Recovery took 722 trading sessions.

The current AB Municipal Income Fund II Virginia Portfolio drawdown is 0.44%.

The chart below shows the rolling one-month volatility.