AB Municipal Income Fund II Massachusetts Portfolio Advisor Class is a mutual fund focused on generating a high level of current income that is exempt from both federal and Massachusetts state income taxes. The fund primarily invests in a diversified portfolio of municipal debt obligations associated with Massachusetts issuers, targeting a mix of investment-grade bonds but also selectively including higher-yield and medium-quality securities. Emphasizing a core-plus approach, it actively manages interest rate risk by concentrating on the intermediate segment of the yield curve, aiming to strike a balance between yield and risk. The fund is managed by a team leveraging systematic, data-driven processes, with an eye on credit quality and interest rate sensitivity—most assets are rated from AAA to BBB. With regular monthly distributions, it plays a significant role for investors seeking tax-advantaged income in Massachusetts, providing a specialized solution for both capital preservation and income, while supporting local infrastructure and project development through its municipal bond holdings.
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