AB Municipal Income Fund II Massachusetts Portfolio Class C is a municipal bond mutual fund designed to generate current income that is exempt from both federal and Massachusetts state income taxes. The fund primarily invests at least 80% of its assets in medium-quality, intermediate- and long-term municipal debt obligations issued by or on behalf of Massachusetts municipalities and related entities. Its portfolio construction emphasizes bonds with higher yields while maintaining what is considered a prudent risk profile for fixed income investors. The fund holds a diversified mix of Massachusetts municipal securities, which can include general obligation and revenue bonds associated with state and local projects such as infrastructure and development. As a regionally focused municipal bond fund, it serves residents of Massachusetts seeking tax-advantaged income and diversification within their portfolios. The fund is managed by a team with multi-year tenure and seeks to balance income generation with preservation of capital, making it a notable participant in the state-specific municipal bond market segment. The Class C share class typically features a higher expense ratio relative to other share classes, reflecting its compensation structure for distribution and service fees.
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