Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
AB Municipal Income II New Jersey A ANJAX
- NAV / 1-Day Return 9.15 / +0.01 %
- Total Assets 64.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.820%
- Distribution Fee Level Above Average
- Share Class Type Front Load
- Category Muni New Jersey
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.31%
- Effective Duration 5.90 years
USD | NAV as of Mar 19, 2024 | 1-Day Return as of Mar 19, 2024, 12:10 AM GMT+0
Morningstar’s Analysis ANJAX
Will ANJAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 37.1
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
UNION CNTY N J UTILS AUTH RESOURCE RECOVERY FAC LEASE REV 5.25% | 4.58 | 2.9 Mil | municipal |
NEW JERSEY ST EDL FACS AUTH REV 5% | 4.08 | 2.6 Mil | municipal |
TOBACCO SETTLEMENT FING CORP N J 5% | 4.00 | 2.5 Mil | municipal |
NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | 3.97 | 2.5 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | 3.96 | 2.5 Mil | municipal |
RAHWAY VALLEY N J SEW AUTH SWR REV 0% | 3.67 | 2.3 Mil | municipal |
MORRIS-UNION JOINTURE COMMN N J CTFS PARTN 5% | 3.67 | 2.3 Mil | municipal |
AB Government Money Market AB | 3.39 | 2.1 Mil | Cash and Equivalents |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | 3.16 | 2.0 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | 3.04 | 1.9 Mil | municipal |