AB Municipal Income Fund II - Ohio Portfolio - Class A

Frequently Asked Questions About AOHAX

What does AOHAX invest in?

This fund allocates a minimum of 80% of its total assets to municipal bonds that generate interest free from federal income tax. However, it's important to note that for some taxpayers, the income from these securities might still be subject to the federal Alternative Minimum Tax (AMT). Furthermore, at least 80% of the portfolio's net assets are invested in municipal obligations issued by entities in Ohio, or other municipal securities providing interest income explicitly exempt from Ohio state income tax.

What is the expense ratio of AOHAX?

AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) charges an expense ratio of 0.81%. This is the annual fee deducted from fund assets to cover management and operations.

What is the duration of AOHAX?

Effective duration measures AOHAX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AOHAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of AOHAX?

AOHAX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of AOHAX?

Yield to maturity (YTM) is the total return you'd earn from AOHAX if every bond in the portfolio is held to maturity at the current price. AOHAX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.

How big is AOHAX?

AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) manages $33.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.