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Morningstar

AB Municipal Income II Virginia A AVAAX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 9.92  /  0.12 %
  • Total Assets 198.9 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni Single State Interm
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.49%
  • Effective Duration 6.45 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:12 PM GMT+0

Morningstar’s Analysis AVAAX

Will AVAAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AVAAX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AVAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of AVAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

AB Municipal Income II Virginia A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings AVAAX

More AVAAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 127
  • Other Holdings 1
  • % Assets in Top 10 Holdings 25.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

VIRGINIA COLLEGE BLDG AUTH VA EDL FACS REV 21ST CENTY COLLEGE & EQUIP PROG

3.99
8,243,902
municipal

AB Government Money Market AB

2.60
5,372,166
Cash and Equivalents

HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5%

2.55
5,276,686
municipal

METROPOLITAN WASH D C ARPTS AUTH ARPT SYS REV 5%

2.54
5,238,698
municipal

RICHMOND VA PUB UTIL REV 5%

2.52
5,204,970
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 5%

2.38
4,911,629
municipal

METROPOLITAN WASH D C ARPTS AUTH DULLES TOLL RD REV 6.5%

2.35
4,854,545
municipal

VIRGINIA SMALL BUSINESS FING AUTH REV 4%

2.28
4,709,986
municipal

ROANOKE VA ECONOMIC DEV AUTH HOSP REV 3.95%

2.25
4,650,000
municipal

HAMPTON RDS VA TRANSN ACCOUNTABILITY COMMN REV 5%

2.12
4,386,956
municipal