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AB Municipal Income II Virginia C (AVACX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Municipal Income II Virginia C (AVACX) Fund

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Graph of AB Municipal Income II Virginia C Fund (AVACX) ManagerFund Manager - Terrance T. Hults

Fund Manager Information

Fund Manager Tenure: 24.2 years
Similar Funds: AVAAX  AVABX 
Fund Family: AllianceBernstein
Fund Category: Muni Single State Long
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.67)     (What does this score mean?)
Terrance T. Hults is a member of the Tax-Exempt Fixed-Income Investment Policy Group. Prior to joining the firm, he was an associate in the Municipal Derivative Products department at Merrill Lynch Capital Markets, where he specialized in securities arbitrage. These transactions involved issuers and investors, as well as proprietary trading and utilized futures, options, interest-rate swaps, and other over-the-counter derivative structures. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York.  Get more insights on Terrance T. Hults

 

Graph of AB Municipal Income II Virginia C Fund (AVACX) ProfileAB Municipal Income II Virginia C Fund (AVACX) Profile

Fund Profile and Description

AB Municipal Income II Virginia C Fund seeks to earn the highest level of current income exempt from both federal income tax and Commonwealth of Virginia personal income tax that is available without assuming what the Adviser considers to be undue risk. AB Municipal Income II Virginia C Fund normally invests at least 80% of assets in municipal securities issued by Virginia State with interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers. It is non-diversified.

 

AB Municipal Income II Virginia C (AVACX) Fund Strength What we like about AB Municipal Income II Virginia C (AVACX) Fund

Data for AB Municipal Income II Virginia C Fund (AVACX) as of May 30, 2016

  • AB Municipal Income II Virginia C Fund (AVACX) management has been with AB Municipal Income II Virginia C Fund for 24.2 years
  • AB Municipal Income II Virginia C Fund (AVACX) has good short-term performance (1-year return 5.00% vs 4.81% Muni Single State Long category median performance)
  • AB Municipal Income II Virginia C Fund (AVACX) ratio of up-years vs down years is greater than 2
  • Asset base in AB Municipal Income II Virginia C Fund (AVACX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • AB Municipal Income II Virginia C Fund (AVACX) has an annual stock turnover rate of 5.00% vs Muni Single State Long average of 8.04%. It is good that AB Municipal Income II Virginia C management does not trade extensively for its return.
  • AB Municipal Income II Virginia C Fund (AVACX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.65, lower than category average of 4.36

AB Municipal Income II Virginia C Fund (AVACX) Weakness What we are cautious about AB Municipal Income II Virginia C (AVACX) Fund

Data for AB Municipal Income II Virginia C Fund (AVACX) as of May 30, 2016

  • AB Municipal Income II Virginia C Fund (AVACX) has a less-than-ideal mid-term performance (3-year return 2.86% vs 2.90% Muni Single State Long category median performance)
  • AB Municipal Income II Virginia C Fund (AVACX) has a less-than-ideal Long-term performance (5-year return 3.89% vs 4.47% Muni Single State Long category median performance)
  • AB Municipal Income II Virginia C Fund (AVACX) has a Morningstar rating of 3 and below
  • AB Municipal Income II Virginia C Fund (AVACX) has a higher expense ratio of 1.53% than its Muni Single State Long average of 0.99%
  • AB Municipal Income II Virginia C Fund (AVACX) carries a 1% load
See AB Municipal Income II Virginia C Fund (AVACX) performance details as of May 30, 2016

 

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Compare AB Municipal Income II Virginia C Fund (AVACX)Compare with other top Muni Single State Long category mutual funds

Aadditional top Muni Single State Long mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AB Municipal Income II Virginia C2.595.002.863.89
Eaton Vance AZ Municipal Income A (ETAZX)2.705.583.585.11Compare
Wells Fargo Advantage NC Tax-Free I (ENCYX)1.954.483.905.15Compare
Eaton Vance AZ Municipal Income I (EIAZX)2.685.693.765.32Compare

See top fund managers for Muni Single State Long Category Funds

 

Graph of AB Municipal Income II Virginia C Fund (AVACX) Net Asset TrackingAB Municipal Income II Virginia C (AVACX) Fund Net Asset

Track net asset change of AB Municipal Income II Virginia C fund (AVACX)

DateNet Asset
05/2016$245.74M
03/2016$241.99M
02/2016$240.17M
More historic net asset information on AB Municipal Income II Virginia C Fund (AVACX)

  

Graph of AB Municipal Income II Virginia C Fund (AVACX) Portfolio TrackingAB Municipal Income II Virginia C (AVACX) Fund Portfolio Allocation

Track portfolio allocation change of AB Municipal Income II Virginia C fund (AVACX)

DateCashStockBondOther
04/20160%0%99.74%0.26%
02/20162.22%0%97.78%0%
12/20150%0%100%0%
Click here to see more historic asset allocation information on AB Municipal Income II Virginia C Fund (AVACX)

 

graph of AB Municipal Income II Virginia C Fund (AVACX) Top 10 Position TrackingTop 10 Holdings in AB Municipal Income II Virginia C (AVACX) Fund

Discover what AB Municipal Income II Virginia C Fund (AVACX) manager is buying

Apr 29, 2016
Fairfax Cnty Va Econ Dev A Trans Dis 5% [4.13%]
Henrico Cnty Va Go Pub Im 5% [3.17%]
Hampton Roads Santn Dist 5% [2.97%]
Suffolk Va Ref Bds 5% [2.45%]
Virginia College Bldg Auth 5.25% [2.39%]
Metropolitan Wash D C Arpts Au Re 5.125% [2.32%]
Virginia Port Auth 0.01% [2.15%]
Virginia Small Busn Fing A Ref Rev 5.25% [2.07%]
Virginia St Res Auth 5% [2.07%]

Feb 28, 2016
Fairfax Cnty Va Econ Dev A Trans Dis 5% [4.09%]
Henrico Cnty Va Go Pub Im 5% [3.18%]
Hampton Roads Santn Dist 5% [2.98%]
Suffolk Va Ref Bds 5% [2.45%]
Virginia College Bldg Auth 5.25% [2.39%]
Metropolitan Wash D C Arpts Au Re 5.125% [2.31%]
Virginia Port Auth 0.01% [2.11%]
Virginia St Res Auth 5% [2.04%]
Virginia Small Busn Fing A Ref Rev 5.25% [2.01%]

Dec 30, 2015
Fairfax Cnty Va Econ Dev A Trans Dis 5% [4.26%]
Henrico Cnty Va Go Pub Im 5% [3.33%]
Hampton Roads Santn Dist 5% [3.15%]
Suffolk Va Ref Bds 5% [2.54%]
Virginia College Bldg Auth 5.25% [2.49%]
Metropolitan Wash D C Arpts Au Re 5.125% [2.44%]
Virginia Port Auth 0.01% [2.22%]
Virginia St Res Auth 5% [2.14%]
Virginia Small Busn Fing A Ref Rev 5.25% [2.09%]
Click here for Stock Holding Change Map in AB Municipal Income II Virginia C Fund (AVACX)

  

Latest News on AB Municipal Income II Virginia C (AVACX) Fund

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AB Municipal Income II Virginia C Fund (AVACX) Related ResourcesSee more information on AB Municipal Income II Virginia C (AVACX) Fund

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