AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) trades at $9.11 with AI Score 45/100 (Grade C). AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) focuses on providing income exempt from federal and Ohio state income taxes by investing primarily in Ohio municipal securities. Market cap: $33.31M, Sector: Financial services.
Price live · AI analysis from Mar 16, 2026Analyst Coverage for AOHAX: AOHAX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates AOHAX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
AOHAX: the 1 perspectives are evenly split.
How is this calculated? →AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) Financial Services Profile
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) offers tax-exempt income by investing in Ohio municipal securities, targeting investors seeking stable, state-specific tax advantages. With a focus on high credit quality municipal bonds, the fund aims to deliver consistent income while navigating interest rate and credit risk within the Ohio market.
What Is the Investment Thesis for AOHAX?
AOHAX presents a focused investment opportunity for those seeking tax-exempt income within the Ohio municipal bond market. With a profit margin of 94.4%, the fund demonstrates efficient management. The fund's dividend yield of 0.25% provides a steady income stream, albeit modest. Key to its value is the tax-advantaged nature of its distributions for Ohio residents. Ongoing catalysts include continued demand for tax-exempt investments and the stability of Ohio's municipal bond market. Potential risks include interest rate fluctuations and credit risk within the portfolio. The fund's beta of 0.92 indicates moderate volatility relative to the broader market. Investors may want to evaluate AOHAX as a component of a diversified portfolio, particularly for tax-sensitive accounts.
Based on FMP financials and quantitative analysis
AOHAX Key Highlights
- Market Cap: $0.03B indicates a smaller fund size, which may impact liquidity and trading volume.
- P/E Ratio: 13.45 suggests the fund is reasonably valued compared to its earnings.
- Profit Margin: 94.4% demonstrates efficient management and cost control.
- Gross Margin: 100.0% reflects the nature of the fund's income generation from municipal bond interest.
- Dividend Yield: 0.25% provides a modest but tax-advantaged income stream for Ohio residents.
Who Are AOHAX's Competitors?
AOHAX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BADAX Brown Advisory Equity Income Fd Adv Shs | $11.58 | -0.00% | $20.12M | 44 |
| DHROX Diamond Hill Research Opportunities Fund Class A | $22.33 | +0.86% | $33.45M | 44 |
| DROCX Diamond Hill Research Opportunities Fund Class C | $20.70 | +0.83% | $33.45M | 44 |
| DROYX Diamond Hill Research Opportunities Fund Class Y | $22.76 | +0.84% | $33.45M | 44 |
| MFV MFS Special Value Trust | $4.41 | -0.11% | $32.15M | 45 |
| LGI Lazard Global Total Return and Income Fund, Inc. | $18.68 | +0.35% | $243.15M | 67 |
| BKT BlackRock Income Trust, Inc. | $10.68 | +0.42% | $259.31M | 66 |
| AEUDX American Century Equity Income Fund R6 Class | $9.28 | +1.31% | $6.39B | 65 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are AOHAX's Key Strengths?
- Tax-exempt income for Ohio residents.
- Focus on high-quality Ohio municipal bonds.
- Experienced management team.
- Established track record.
What Are AOHAX's Weaknesses?
- Small market capitalization.
- Concentrated investment in Ohio municipal bonds.
- Modest dividend yield.
- Sensitivity to interest rate fluctuations.
What Could Drive AOHAX Stock Higher?
- Potential changes in federal tax policy that could increase demand for tax-exempt investments.
- Continued infrastructure development in Ohio leading to increased municipal bond issuance.
- Growing awareness among Ohio residents of the benefits of tax-advantaged investing.
What Are the Key Risks for AOHAX?
- Financial-distress signal — its Altman Z-Score of 0.08 sits in the distress zone (elevated bankruptcy risk).
- Rising interest rates could negatively impact bond values.
- Credit risk associated with Ohio municipal bond issuers.
- Changes in Ohio's economic conditions could affect the creditworthiness of municipal bonds.
- Regulatory changes impacting the municipal bond market.
What Are the Growth Opportunities for AOHAX?
- Increased Demand for Tax-Exempt Income: Ongoing changes in federal and state tax policies could increase the attractiveness of municipal bonds, driving demand for funds like AOHAX. The market size for tax-exempt investments is substantial, with trillions of dollars invested in municipal securities. Timeline: Ongoing, as tax laws evolve and investors seek tax-efficient strategies. Competitive advantage: AOHAX's focus on Ohio municipal bonds positions it well to capture local demand.
- Expansion of Ohio Municipal Bond Market: The growth of Ohio's economy and infrastructure projects will lead to increased issuance of municipal bonds, providing AOHAX with more investment opportunities. The Ohio municipal bond market is estimated to be worth billions of dollars. Timeline: Medium-term, as infrastructure projects are planned and financed. Competitive advantage: AOHAX's local expertise and focus give it an edge in identifying attractive investment opportunities within Ohio.
- Strategic Partnerships with Financial Advisors: Collaborating with financial advisors in Ohio can expand AOHAX's reach to a wider pool of potential investors. Financial advisors play a crucial role in recommending investment products to their clients. Timeline: Short-term, as partnerships can be established relatively quickly. Competitive advantage: AOHAX can leverage its local focus to build strong relationships with Ohio-based advisors.
- Product Innovation: Launching new share classes or investment strategies that cater to specific investor needs can attract additional capital. For example, AOHAX could offer a socially responsible investing (SRI) option focused on Ohio municipal bonds that fund environmentally friendly projects. Timeline: Medium-term, as new products require research, development, and regulatory approval. Competitive advantage: AOHAX can differentiate itself by offering specialized products that align with investor values.
- Digital Marketing and Investor Education: Utilizing digital channels to educate investors about the benefits of Ohio municipal bonds and AOHAX's investment strategy can increase awareness and attract new investors. Online platforms and social media can reach a broad audience at a relatively low cost. Timeline: Short-term, as digital marketing campaigns can be launched quickly. Competitive advantage: AOHAX can leverage its local expertise to create targeted content that resonates with Ohio investors.
What Opportunities Does AOHAX Have?
- Increased demand for tax-exempt investments.
- Growth of Ohio's economy and infrastructure projects.
- Strategic partnerships with financial advisors.
- Product innovation with SRI options.
What Threats Does AOHAX Face?
- Changes in federal or state tax laws.
- Deterioration of Ohio's economic conditions.
- Increased competition from other municipal bond funds.
- Rising interest rates.
What Are AOHAX's Competitive Advantages?
- Tax-exempt income: Provides a significant advantage for Ohio residents.
- State-specific focus: Offers specialized expertise in the Ohio municipal bond market.
- Established track record: Demonstrates a history of managing Ohio municipal bond portfolios.
- Experienced management team: Possesses expertise in municipal bond investing and credit analysis.
What Does AOHAX Do?
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) is a closed-end management investment company designed to provide investors with income that is exempt from federal and Ohio state income taxes. The fund achieves this objective by investing at least 80% of its net assets in municipal securities of Ohio or municipal securities with interest that is otherwise exempt from Ohio state income tax. These securities may pay interest that is subject to the federal alternative minimum tax (AMT) for certain taxpayers. The fund's investment strategy focuses on selecting municipal bonds that offer attractive yields while maintaining a strong credit profile. By concentrating its investments in Ohio municipal securities, AOHAX aims to capitalize on the state's economic activity and municipal finance landscape. The fund's portfolio typically includes a diverse range of Ohio municipal bonds, such as those issued by cities, counties, school districts, and other governmental entities. AOHAX is managed by a team of experienced investment professionals who specialize in municipal bond investing. The investment team conducts in-depth credit analysis and monitors market conditions to identify opportunities and manage risks. The fund's performance is influenced by factors such as interest rate movements, credit spreads, and the overall health of the Ohio municipal bond market. As of 2026, AOHAX continues to serve as a vehicle for Ohio residents and others seeking tax-advantaged income through municipal bond investments.
What Products and Services Does AOHAX Offer?
- Invests primarily in Ohio municipal securities.
- Seeks to provide income exempt from federal and Ohio state income taxes.
- Conducts credit analysis to select high-quality municipal bonds.
- Manages a diversified portfolio of Ohio municipal bonds.
- Monitors market conditions and interest rate trends.
- Distributes tax-exempt income to shareholders.
How Does AOHAX Make Money?
- Generates income from interest payments on municipal bonds.
- Charges a management fee based on the fund's assets under management (AUM).
- Distributes net investment income to shareholders as tax-exempt dividends.
What Industry Does AOHAX Operate In?
AOHAX operates within the asset management industry, specifically focusing on municipal income funds. This sector caters to investors seeking tax-advantaged income, particularly high-net-worth individuals and retirees. The market is influenced by interest rate trends, tax policies, and the creditworthiness of municipal issuers. Competition includes other municipal bond funds with national or state-specific focuses. The industry is experiencing growth due to increasing demand for tax-efficient investment strategies, especially in high-tax states like Ohio. AOHAX differentiates itself by concentrating its investments solely within Ohio, offering a targeted approach for state residents.
Who Are AOHAX's Key Customers?
- Ohio residents seeking tax-advantaged income.
- High-net-worth individuals looking for stable, low-risk investments.
- Retirees seeking to supplement their income with tax-exempt distributions.
- Financial advisors recommending tax-efficient investment strategies to their clients.
ROE 5%Key Financial Metrics
Return on equity for AB Municipal Income Fund II - Ohio Portfolio - Class A stands at 5.2%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.6%, showing how much profit it generates from its asset base. AOHAX trades at a trailing price-to-earnings ratio of 13.45, below the Financial Services sector average of ~18x. A current ratio of 1.15 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 7.4%, the inverse of the P/E and a quick read on earnings relative to price.
How AB Municipal Income Fund II - Ohio Portfolio - Class A Is Valued
AB Municipal Income Fund II - Ohio Portfolio - Class A carries a market capitalization of $33.31M, placing it in the micro-cap category. Relative to its peer group, AOHAX's quantitative score of 45/100 is roughly in line with the peer average of 44/100.
F-Score 6/9Financial Health
AB Municipal Income Fund II - Ohio Portfolio - Class A's Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.08 places it in the distress zone, a signal of elevated financial risk.
AOHAX Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the fund's growth potential, indicating a positive outlook from those closest to the company.
- Community sentiment has shifted positively, with discussions highlighting the fund's stable income generation amidst market volatility.
- Investors are increasingly recognizing the value of municipal bonds, which are perceived as safer investments in uncertain economic times.
- Recent regulatory changes may enhance the attractiveness of municipal funds, potentially increasing demand and driving interest.
Bear Case
- Concerns about rising interest rates could dampen the appeal of fixed-income funds like AOHAX, impacting overall investor sentiment.
- Some community discussions reflect skepticism regarding the fund's ability to maintain consistent returns as economic conditions fluctuate.
- Recent performance has been under scrutiny, with some investors questioning the fund's long-term viability in a changing market landscape.
- Market perception remains cautious, with many investors preferring more aggressive growth strategies over conservative income funds in the current environment.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
AOHAX Latest News
No recent news available for AOHAX.
AOHAX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for AOHAX.
Price Targets
Wall Street price target analysis for AOHAX.
AOHAX MoonshotScore
What does this score mean?
The MoonshotScore rates AOHAX's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
AB Municipal Income Fund II - Ohio Portfolio - Class A Financial Services Stock: Key Questions Answered
What does AB Municipal Income Fund II - Ohio Portfolio - Class A do?
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) is a closed-end fund that invests primarily in municipal securities issued by the state of Ohio or its municipalities. The fund's primary objective is to provide investors with current income that is exempt from both federal and Ohio state income taxes. By focusing on Ohio municipal bonds, AOHAX aims to deliver tax-advantaged returns to its shareholders, making it a noteworthy option for Ohio residents seeking to minimize their tax liabilities while generating income.
What are the main risks for AOHAX?
The main risks for AOHAX include interest rate risk, credit risk, and concentration risk. Interest rate risk refers to the potential for bond values to decline as interest rates rise. Credit risk is the risk that a bond issuer may default on its debt obligations. Concentration risk arises from the fund's focus on Ohio municipal bonds, which makes it more vulnerable to economic or political developments within the state. Investors should carefully consider these risks before investing in AOHAX.
What are the key factors to evaluate for AOHAX?
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) holds an AI score of 45/100 (low). P/E: 13.5x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does AOHAX data refresh on this page?
AOHAX prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven AOHAX's recent stock price performance?
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Tax-exempt income for Ohio residents. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider AOHAX overvalued or undervalued right now?
AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX) trades at 13.5x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying AOHAX?
Before investing in AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding AOHAX to a portfolio?
Key strength of AB Municipal Income Fund II - Ohio Portfolio - Class A (AOHAX): Tax-exempt income for Ohio residents. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for AOHAX, limiting the depth of available insights.
- Financial data is based on available information as of 2026-03-16.