AB Municipal Income Fund II - Ohio Portfolio - Class A
AOHAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- New York, NY 10105 New York NY United States of America 10105
- IPO Date
- Jun 18, 1993
- CIK
- 0000899774
- Similar Companies
- Business
- AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) is a municipal bond mutual fund that seeks to provide the highest level of current income exempt from both federal income tax and Ohio state personal income tax, without assuming undue risk to principal. The fund invests at least 80% of its net assets in a portfolio of municipal securities, including general obligation bonds, revenue bonds, notes, and other debt obligations issued by or on behalf of the State of Ohio and its political subdivisions, agencies, authorities, and instrumentalities; it also invests in municipal securities issued by U.S. territories and possessions or their political subdivisions with interest exempt from Ohio state income tax, as well as certain securities subject to the federal alternative minimum tax for some investors. AllianceBernstein L.P. serves as the investment adviser, with the fund operating as a series of AB Municipal Income Fund II; it targets individual and institutional investors seeking tax-advantaged fixed income exposure, primarily retail investors in Ohio and surrounding regions. Launched on June 18, 1993, the fund is headquartered in New York, New York, at AllianceBernstein's principal office (1345 Avenue of the Americas), and maintains assets under management of approximately $33-48 million as of late 2024. In a major strategic shift announced in November 2024, the Board of Trustees of AB Municipal Income Fund II approved and recommended to shareholders the liquidation and termination of the Ohio Portfolio, alongside sister portfolios (Arizona, Minnesota, New Jersey, and Pennsylvania), due to persistently low asset levels, high expense ratios requiring ongoing adviser subsidies, and challenges in achieving scale for viable long-term operations; shareholders were scheduled to vote on the liquidations at a special meeting on or about January 13, 2025. In anticipation of the liquidations, the fund suspended most new share sales and exchanges into the portfolio (with limited exceptions via retail omnibus platforms without initial sales charges) and waived contingent deferred sales charges on redemptions to facilitate orderly wind-down. This decision aligns with broader portfolio rationalization efforts at AllianceBernstein amid a focus on larger, more competitive municipal bond strategies.