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AB Municipal Income Fund II Michigan Portfolio Class B – AMIBX Fund Overview

Last PriceToday's Change52-Week RangeTrading Volume
10.590.00 (0.00%)10.24 - 10.590.0

Market data as of 6:05PM 02/05/16. Quotes are delayed by at least 15 min.

Overview - AMIBX

The investment seeks to earn the highest level of current income exempt from both federal income tax and State of Michigan personal income tax that is available without assuming what the Adviser considers to be undue risk. The fund invests at least 80% of its net assets in municipal securities that pay 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 normally invests at least 80% of its net assets in municipal securities of Michigan or municipal securities with interest that is otherwise exempt from Michigan state income tax.

Growth of $10,000 (10 Years)

Total Return4.49%
Yield (Trailing 12 Mo.)2.47%
Expense Ratio1.99%
Front LoadNone
Deferred Load3.00%
Minimum Investment$2,500
Management Tenure21 Years
Fund Inception02/25/1994

Trailing Total Returns - AMIBX

as of 01/31/2016
TimeframeAMIBXS&P 500Muni Single State Interm
1 Month0.96%-4.96%1.08%
3 Month2.45%-6.18%1.85%
1 Year2.54%-0.67%1.89%
3 Year1.90%11.30%2.29%
5 Year3.37%10.91%4.30%
10 Year3.01%6.48%3.71%
Since Inception4.49%10.33%--

Sector Allocation - AMIBX

as of 01/31/2016
Basic Materials--
Consumer Cyclical--
Financial Services--
Real Estate--
Consumer Defensive--
Communication Services--

Asset Allocation - AMIBX

as of 01/31/2016
By PercentShort0%LongNet
Foreign Stock--
Foreign Bond--
Total Net Assets$56.16M
Total Stock Holdings0
Total Bond Holdings41

Bond Credit Quality - AMIBX

as of 01/31/2016
Below B0.00%
Not Rated6.01%

Top Ten Holdings - AMIBX

as of 01/31/2016
CompanyYTD Return% of Assets
Michigan St Grant Ant 5.25%--4.82%
Michigan St Bldg Auth 5%--4.76%
Detroit Mich City Sch Dist 5%--4.69%
Michigan St Strategic Fd Ltd O Ltd 5.25%--4.44%
Michigan St Univ Revs Formerly Gen Re 5%--4.15%
Michigan St Hsg Dev Auth 5.3%--4.08%
Detroit Mich Wtr & Sew Dept Se Rev An 5%--4.00%
Detroit Mich Distribut 5%--3.81%
Puerto Rico Indl Tourist Edl M Re 6.125%--3.70%
Michigan Pub Pwr Agy Rev Rev Bds 5%--3.69%

Valuation & Growth - AMIBX

as of 01/31/2016
ValuationAMIBXCategory Range
Price/Cash Flow--
Dividend Yield
LT Earnings
Historical Earnings
Sales Growth
Cash-Flow Growth
Book-Value Growth
Key:  Lo 

Morningstar Summary - AMIBX, 3 Year

Rate Sensitivity
Ratingvs Category
ReturnBelow Avg
Key:  Lo 

Tax Analysis - AMIBX, 3 Year Avg

Pretax Return1.90%
Tax-adjusted Return1.58%
Tax Cost Ratio0.00%
Potential Cap Gains1.06%

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