AVAYX – AB Municipal Income II Virginia Adv Investment Strategy | Morningstar

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Strategy

The investment 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. 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 AMT for certain taxpayers. It invests at least 80% of its net assets in municipal securities of Virginia or municipal securities with interest that is otherwise exempt from Virginia state income tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
AVAYX	AB Municipal Income Fund II Virginia Portfolio Advisor Class	No Load	Open			Jul 25, 2016	$109.30M	0.550%	Average	—	$20.17M
AVAAX	AB Municipal Income Fund II Virginia Portfolio Class A	Front Load	Open			Apr 29, 1994	$87.40M	0.800%	Above Average	$2,500	−$9.42M
AVACX	AB Municipal Income Fund II Virginia Portfolio Class C	Level Load	Open			Apr 29, 1994	$3.06M	1.550%	High	$2,500	−$626,123.36

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