AB Municipal Income Fund II Virginia Portfolio Class A (AVAAX)
| Fund Assets | 216.21M |
| Expense Ratio | 0.80% |
| Min. Investment | $2,500 |
| Turnover | 20.00% |
| Dividend (ttm) | 0.33 |
| Dividend Yield | 2.98% |
| Dividend Growth | 10.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 10.91 |
| YTD Return | 1.39% |
| 1-Year Return | 5.22% |
| 5-Year Return | 3.20% |
| 52-Week Low | 10.02 |
| 52-Week High | 10.92 |
| Beta (5Y) | n/a |
| Holdings | 121 |
| Inception Date | Apr 29, 1994 |
About AVAAX
AB Virginia Portfolio is a municipal bond mutual fund designed to provide investors with income that is generally exempt from both federal and Virginia state income taxes. The fund primarily invests in a diversified mix of high-yielding, predominantly investment-grade municipal securities issued by Virginia and other eligible municipalities. It is structured as a core-plus strategy, focusing on investment-grade bonds while selectively including high-yield instruments to enhance income potential. The portfolio manager utilizes a data-driven investment process to actively manage interest rate risk, typically targeting the intermediate segment of the yield curve, which is considered the "sweet spot" for balancing risk and return. The fund may also utilize forwards, derivatives, and various types of municipal bonds—including zero-coupon and variable-rate securities—to further diversify risk and return sources. By offering tax-advantaged income and a disciplined approach to credit and interest rate exposure, AB Virginia Portfolio serves as a specialized fixed income solution for investors seeking municipal bond exposure, particularly those residing in Virginia who can benefit from the state tax exemption.
Performance
AVAAX had a total return of 5.22% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.88%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.02947 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0283 | Dec 31, 2025 |
| Nov 28, 2025 | $0.02522 | Nov 28, 2025 |
| Oct 31, 2025 | $0.02949 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0261 | Sep 30, 2025 |
| Aug 29, 2025 | $0.02886 | Aug 29, 2025 |