AB Municipal Income Fund II Virginia Portfolio (AVAAX)
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 invests at least 80% of its net assets in municipal securities of Virginia or municipal securities with interest that is otherwise exempt from Virginia state income tax.
Fund Info
US01864E7067
01864E706
Apr 28, 1994
$2,500
Expense Ratio
AVAAX has an expense ratio of 0.80%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
AB Municipal Income Fund II Virginia Portfolio (AVAAX) returned -0.99% year-to-date (YTD) and 0.90% over the past 12 months. Over the past 10 years, AVAAX returned 1.88% annually, underperforming the S&P 500 benchmark at 10.46%.
AVAAX
-0.99%
0.59%
-1.17%
0.90%
1.16%
1.88%
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of AVAAX, 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 | 0.47% | 1.09% | -1.47% | -0.97% | -0.10% | -0.99% | |||||||
| 2024 | -0.16% | 0.01% | 0.12% | -1.21% | -0.05% | 1.67% | 0.62% | 0.92% | 0.98% | -1.45% | 1.40% | -1.37% | 1.42% |
| 2023 | 2.86% | -2.17% | 1.60% | 0.12% | -0.83% | 0.51% | 0.20% | -1.03% | -2.62% | -1.69% | 5.98% | 2.75% | 5.48% |
| 2022 | -2.43% | -0.64% | -2.69% | -2.84% | 0.96% | -2.06% | 2.72% | -2.42% | -3.64% | -0.89% | 4.78% | -0.07% | -9.16% |
| 2021 | 0.71% | -1.21% | 0.53% | 0.89% | 0.68% | 0.34% | 0.69% | -0.27% | -0.78% | -0.01% | 0.85% | 0.08% | 2.51% |
| 2020 | 1.65% | 1.24% | -4.81% | -1.62% | 2.91% | 1.47% | 1.65% | 0.01% | 0.02% | -0.15% | 1.42% | 0.89% | 4.54% |
| 2019 | 0.71% | 0.50% | 1.44% | 0.33% | 1.15% | 0.48% | 0.69% | 1.48% | -0.59% | -0.04% | 0.13% | 0.39% | 6.86% |
| 2018 | -0.92% | -0.33% | 0.34% | -0.41% | 0.98% | 0.06% | 0.15% | 0.17% | -0.52% | -0.86% | 0.73% | 0.88% | 0.25% |
| 2017 | 0.72% | 0.60% | 0.19% | 0.60% | 1.35% | -0.19% | 0.60% | 0.70% | -0.28% | -0.03% | -0.21% | 0.88% | 5.03% |
| 2016 | 1.25% | 0.24% | 0.35% | 0.61% | 0.42% | 1.48% | 0.07% | -0.02% | -0.28% | -0.82% | -3.20% | 0.63% | 0.65% |
| 2015 | 1.62% | -0.90% | 0.36% | -0.54% | -0.19% | -0.10% | 0.65% | 0.26% | 0.71% | 0.37% | 0.34% | 0.54% | 3.15% |
| 2014 | 1.92% | 1.02% | 0.30% | 1.29% | 1.47% | 0.00% | 0.00% | 1.26% | 0.17% | 0.74% | 0.15% | 0.73% | 9.40% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AVAAX is 30, indicating average performance compared to other mutual funds on our website. Here’s 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 Virginia Portfolio (AVAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
AB Municipal Income Fund II Virginia Portfolio provided a 2.70% 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 | $0.29 | $0.27 | $0.25 | $0.24 | $0.27 | $0.31 | $0.32 | $0.33 | $0.34 | $0.36 | $0.36 |
Dividend yield | 2.70% | 2.76% | 2.57% | 2.44% | 2.04% | 2.38% | 2.73% | 2.90% | 2.99% | 3.09% | 3.18% | 3.24% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.02 | $0.03 | $0.00 | $0.00 | $0.08 | |||||||
| 2024 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.29 |
| 2023 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 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 | $0.25 |
| 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 | $0.24 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $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 | $0.32 |
| 2017 | $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 |
| 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 | $0.34 |
| 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 | $0.36 |
| 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 | $0.36 |
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.
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Worst Drawdowns
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 13.91%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current AB Municipal Income Fund II Virginia Portfolio drawdown is 3.92%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.91% | Aug 6, 2021 | 308 | Oct 25, 2022 | — | — | — |
| -11.64% | Sep 12, 2008 | 24 | Oct 15, 2008 | 127 | Apr 20, 2009 | 151 |
| -11.48% | Mar 3, 2020 | 14 | Mar 20, 2020 | 169 | Nov 18, 2020 | 183 |
| -9.53% | Dec 3, 2012 | 194 | Sep 10, 2013 | 267 | Oct 1, 2014 | 461 |
| -6.11% | Oct 13, 2010 | 66 | Jan 14, 2011 | 84 | May 17, 2011 | 150 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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