AVAAX

About AVAAX

AB Virginia Portfolio is a municipal bond mutual fund designed to provide investors with income that is generally exempt from both federal and Virginia state income taxes. The fund primarily invests in a diversified mix of high-yielding, predominantly investment-grade municipal securities issued by Virginia and other eligible municipalities. It is structured as a core-plus strategy, focusing on investment-grade bonds while selectively including high-yield instruments to enhance income potential. The portfolio manager utilizes a data-driven investment process to actively manage interest rate risk, typically targeting the intermediate segment of the yield curve, which is considered the "sweet spot" for balancing risk and return. The fund may also utilize forwards, derivatives, and various types of municipal bonds—including zero-coupon and variable-rate securities—to further diversify risk and return sources. By offering tax-advantaged income and a disciplined approach to credit and interest rate exposure, AB Virginia Portfolio serves as a specialized fixed income solution for investors seeking municipal bond exposure, particularly those residing in Virginia who can benefit from the state tax exemption.