AB Municipal Income Shares (MISHX)
The fund pursues its objective by investing principally in high-yielding municipal securities that may be non-investment grade or investment grade. It invests, under normal circumstances, at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. The fund will seek to increase income for shareholders by investing in longer-maturity bonds.
Fund Info
US01879V2060
Aug 31, 2010
$0
Expense Ratio
MISHX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in AB Municipal Income Shares, 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 Municipal Income Shares had a return of 6.07% year-to-date (YTD) and 8.41% in the last 12 months. Over the past 10 years, AB Municipal Income Shares had an annualized return of 3.77%, while the S&P 500 had an annualized return of 11.79%, indicating that AB Municipal Income Shares did not perform as well as the benchmark.
MISHX
6.07%
1.09%
3.48%
8.41%
2.69%
3.77%
^GSPC (Benchmark)
26.87%
1.12%
11.36%
28.56%
13.85%
11.79%
Monthly Returns
The table below presents the monthly returns of MISHX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.31% | 0.17% | 0.54% | -1.81% | 1.03% | 2.34% | 1.09% | 1.28% | 1.48% | -1.54% | 1.62% | 6.07% | |
| 2023 | 3.81% | -2.17% | 1.60% | 0.44% | -0.88% | 0.64% | 0.16% | -1.28% | -3.82% | -2.25% | 7.97% | 3.54% | 7.44% |
| 2022 | -2.91% | -0.79% | -3.77% | -3.68% | 1.28% | -3.35% | 3.42% | -1.77% | -5.20% | -1.44% | 5.71% | -0.16% | -12.44% |
| 2021 | 2.33% | -1.47% | 1.27% | 1.58% | 1.14% | 0.67% | 1.22% | -0.35% | -0.82% | 0.05% | 1.37% | 0.28% | 7.44% |
| 2020 | 2.47% | 1.81% | -11.18% | -2.56% | 3.96% | 4.00% | 3.21% | 0.47% | -0.36% | 0.14% | 2.83% | 2.29% | 6.24% |
| 2019 | 0.70% | 0.92% | 2.54% | 0.58% | 1.80% | 0.71% | 0.82% | 2.43% | -0.79% | 0.06% | 0.30% | 0.63% | 11.18% |
| 2018 | -1.48% | -0.49% | 0.78% | -0.40% | 1.65% | 0.06% | 0.23% | 0.44% | -0.76% | -1.08% | 0.98% | 1.11% | 1.00% |
| 2017 | 0.71% | 0.94% | 0.53% | 0.93% | 2.02% | -0.27% | 1.10% | 1.55% | -0.28% | 0.40% | 0.06% | 1.54% | 9.59% |
| 2016 | 1.34% | 0.17% | 1.24% | 1.31% | 0.86% | 2.39% | 0.14% | 0.47% | -0.27% | -1.49% | -5.20% | 1.07% | 1.83% |
| 2015 | 2.06% | -1.49% | 0.09% | -0.80% | -0.72% | -0.81% | 0.46% | -0.09% | 0.64% | 0.72% | 0.45% | 1.09% | 1.54% |
| 2014 | 3.28% | 2.46% | 0.74% | 2.36% | 2.79% | -0.04% | 0.05% | 1.88% | 0.57% | 1.20% | 0.18% | 0.63% | 17.26% |
| 2013 | 0.54% | -0.09% | -0.71% | 0.90% | -1.07% | -6.58% | -2.22% | -3.48% | 3.75% | 1.03% | 0.02% | -0.46% | -8.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MISHX is 69, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Municipal Income Shares (MISHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB Municipal Income Shares provided a 4.33% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.48 | $0.45 | $0.43 | $0.45 | $0.44 | $0.45 | $0.44 | $0.46 | $0.04 | $0.44 | $0.29 |
Dividend yield | 4.33% | 4.31% | 4.12% | 3.33% | 3.59% | 3.67% | 3.96% | 3.78% | 4.14% | 0.37% | 3.97% | 2.94% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Municipal Income Shares. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.45 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.48 |
| 2022 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.43 |
| 2020 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2019 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2018 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.45 |
| 2017 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.46 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2014 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.44 |
| 2013 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.29 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the AB Municipal Income 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 Municipal Income Shares was 19.03%, occurring on Mar 20, 2020. Recovery took 178 trading sessions.
The current AB Municipal Income Shares drawdown is 0.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.03% | Mar 2, 2020 | 15 | Mar 20, 2020 | 178 | Dec 2, 2020 | 193 |
| -17.89% | Jan 4, 2022 | 205 | Oct 26, 2022 | 483 | Sep 30, 2024 | 688 |
| -14.26% | Dec 11, 2012 | 181 | Aug 29, 2013 | 186 | May 28, 2014 | 367 |
| -7.37% | Sep 8, 2016 | 60 | Dec 1, 2016 | 168 | Aug 3, 2017 | 228 |
| -3.95% | Feb 3, 2015 | 110 | Jul 10, 2015 | 124 | Jan 6, 2016 | 234 |
Volatility
Volatility Chart
The current AB Municipal Income Shares volatility is 1.02%, 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.