AB Municipal Income Fund II Virginia Portfolio Class A (AVAAX)

Fund Assets	203.97M
Expense Ratio	0.81%
Min. Investment	$2,500
Turnover	14.00%
Dividend (ttm)	0.33
Dividend Yield	3.31%
Dividend Growth	3.40%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.89
YTD Return	-2.57%
1-Year Return	-1.90%
5-Year Return	-0.16%
52-Week Low	9.74
52-Week High	10.64
Beta (5Y)	0.07
Holdings	132
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.

• Fund Family: AllianceBernstein
• Category: Muni Single State Interm
• Performance Rating: Above Average
• Risk Rating: High
• Stock Exchange: Nasdaq
• Ticker Symbol: AVAAX
• Share Class: Class A
• Index: Bloomberg Municipal Bond TR

Performance

AVAAX had a total return of -1.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.20%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
AVAYX	Advisor Class	0.55%
AVACX	Class C	1.55%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02773	Sep 30, 2026
Aug 31, 2026	$0.02663	Aug 31, 2026
Jul 31, 2026	$0.02951	Jul 31, 2026
Jun 30, 2026	$0.02686	Jun 30, 2026
May 29, 2026	$0.0278	May 29, 2026
Apr 30, 2026	$0.02724	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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