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Morningstar

AB Municipal Income II New Jersey A ANJAX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 9.04  /  −0.10 %
  • Total Assets 64.4 Mil
  • Adj. Expense Ratio
    0.820%
  • Expense Ratio 0.820%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.27%
  • Effective Duration 5.90 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:12 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.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ANJAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ANJAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ANJAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

AB Municipal Income II New Jersey A's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ANJAX

More ANJAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 35.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UNION CNTY N J UTILS AUTH RESOURCE RECOVERY FAC LEASE REV 5.25%

4.42 2.9 Mil
municipal

NEW JERSEY ST EDL FACS AUTH REV 5%

3.92 2.6 Mil
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

3.87 2.5 Mil
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

3.85 2.5 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

3.84 2.5 Mil
municipal

MORRIS-UNION JOINTURE COMMN N J CTFS PARTN 5%

3.54 2.3 Mil
municipal

RAHWAY VALLEY N J SEW AUTH SWR REV 0%

3.53 2.3 Mil
municipal

AB Government Money Market AB

3.15 2.1 Mil
Cash and Equivalents

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

3.04 2.0 Mil
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

2.93 1.9 Mil
municipal