AB Municipal Income II Arizona A (AAZAX)

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11.34 +0.02  +0.18% Sep 23 USD
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Key Stats

Net Asset Value 11.34
Turnover Ratio 12.00%
1 Year Fund Level Flows -6.145M

Performance & Returns

  Total Return Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -0.40% -0.89% 2
3M 1.58% 1.13% 9
6M 3.69% 3.43% 11
YTD 6.20% 5.02% 7
1Y 7.30% 6.64% 25
3Y 2.76% 2.09% 7
5Y 3.69% 2.60% 1
10Y 3.93% 3.14% 7
15Y 4.02% 3.32% 4
20Y 4.58% 3.86% 3
As of Sept. 23, 2019. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 1.34% 1.34% 0.00%
Stock 0.00% 0.00% 0.00%
Bond 98.66% 98.66% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 0.00% 0.00% 0.00%
Other 0.00% 0.00% 0.00%
As of July 31, 2019

Region Exposure

Americas 98.32%
North America 96.88%
Latin America 1.43%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 1.68%
Japan 0.00%
Australasia 0.00%
Asia Developed 1.68%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of July 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

AAZAX Bond Exposure

Government 0.00%
Corporate 0.00%
Securitized 0.00%
Municipal 98.66%
Cash 1.34%
Derivative 0.00%
As of July 31, 2019

AAZAX Bond Credit Quality Exposure

AAA 13.95%
AA 50.69%
A 16.26%
BBB 11.42%
BB 1.67%
B 0.00%
Below B 0.58%
As of June 30, 2019

AAZAX Bond Maturity Exposure

1 to 7 Days 0.00%
8 to 30 Days 0.00%
31 to 90 Days 0.00%
91 to 182 Days 0.00%
183 to 364 Days 0.00%
1 to 3 Years 0.00%
3 to 5 Years 2.33%
5 to 7 Years 4.00%
7 to 10 Years 12.40%
10 to 15 Years 37.27%
15 to 20 Years 28.64%
20 to 30 Years 11.98%
Over 30 Years 3.39%
As of July 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
-- ARIZONA ST LOTTERY REV 5% 5.14% -- --
-- MESA ARIZ EXCISE TAX REV 5% 4.65% -- --
-- ARIZONA BRD REGENTS UNIV ARIZ SYS REV 5% 3.65% -- --
-- BUCKEYE ARIZ EXCISE TAX REV 5% 3.39% -- --
-- MARICOPA CNTY ARIZ SPL HEALTH CARE DIST 5% 3.12% -- --
-- ARIZONA HEALTH FACS AUTH REV 5% 2.89% -- --
-- SALT VERDE FINL CORP SR GAS REV ARIZ 5% 2.79% -- --
-- ARIZONA ST TRANSN BRD HWY REV 5% 2.77% -- --
-- PINAL CNTY ARIZ REV OBLIGS 5% 2.76% -- --
-- MCALLISTER ACADEMIC VLG ARIZ LLC REV D/B/A HASSAYAMPA ACADEMIC VILLAGE 5% 2.50% -- --
As of July 31, 2019
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Basic Info

Investment Strategy
The investment seeks to earn the highest level of current income exempt from both federal income tax and State of Arizona personal income tax that is available without assuming what the Adviser considers to be undue risk. The fund principally invests in high-yielding, predominantly investment grade municipal securities. It invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax.
General
Security Type Mutual Fund
Oldest Share Symbol AAZAX
Equity Style --
Fixed Income Style Medium Quality/Moderate Sensitivity
Broad Asset Class Municipal Bond
Broad Category Fixed Income
Category Name Muni Single State Interm
Prospectus Objective Municipal Bond - Single State
Fund Owner Firm Name AllianceBernstein
Benchmark Index
BBgBarc Municipal TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Andrew Potter 0.51 yrs
Matthew Norton 3.18 yrs
Robert Davidson 16.26 yrs
Terrance Hults 23.85 yrs

Net Fund Flows

1M -655843.2
3M 119703.2
6M 2.990M
YTD 3.445M
1Y -6.145M
3Y -19.62M
5Y -28.41M
10Y -125.41M
As of Aug. 31, 2019

Risk Info

Beta (5Y) 0.9026
Historical Sharpe Ratio (10Y) 1.191
Historical Sortino (All) 0.7789
Daily Value at Risk (VaR) 1% (All) 0.55%
Monthly Value at Risk (VaR) 1% (All) 3.48%

Fundamentals

Dividend Yield TTM (9-23-19) 2.77%
30-Day SEC Yield (9-18-19) 1.26%
7-Day SEC Yield --
Current Yield 4.54%
Yield to Maturity 3.93%
Effective Duration 4.62
Average Coupon 5.05%
Average Credit Score 8.00 (A)
Average Price 112.62
Number of Holdings 90
As of July 31, 2019

Comparables

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Attributes

Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment 2500.00 USD
Minimum Subsequent Investment 50.00 USD
Fees
Actual 12B-1 Fee 0.25%
Actual Management Fee 0.45%
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load 3.00%
Maximum Deferred Load --
Maximum Redemption Fee --
Key Dates
Inception Date 6/1/1994
Termination Date
Last Annual Report Date 5/31/2019
Last Prospectus Date 9/28/2018
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No

Excel Add-In Codes

  • Name: =YCI("M:AAZAX","name")
  • Broad Asset Class: =YCI("M:AAZAX", "broad_asset_class")
  • Broad Category: =YCI("M:AAZAX", "broad_category_group")
  • Prospectus Objective: =YCI("M:AAZAX", "prospectus_objective")

To find the codes for any of our financial metrics, see our Complete Reference of Metric Codes.

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