The team running AB Intermediate Diversified Municipal has shifted with the departure of longtime portfolio manager Terry Hults from the firm on Feb. 7, 2023. An evolving team dynamic and the loss of resources provide pause, resulting in a downgrade of the People Pillar rating to Average from Above Average and a Morningstar Analyst Rating of Neutral for the strategy’s cheapest share classes and Negative for its most expensive share class.
- NAV / 1-Day Return 13.43 / 0.07 %
- Total Assets 5.0 Bil
-
Adj. Expense Ratio
1.400%
- Expense Ratio 1.400%
- Distribution Fee Level Average
- Share Class Type Level Load
- Category Muni National Short
- Credit Quality / Interest Rate Sensitivity Medium / Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 1.62%
- Effective Duration 3.93 years
Morningstar’s Analysis AIMCX
Will AIMCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 0
- Bond Holdings 903
- Other Holdings 16
- % Assets in Top 10 Holdings 9.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
METROPOLITAN TRANSN AUTH N Y REV 5%
1.15
59,662,209
municipal
ILLINOIS ST 5%
1.09
56,500,346
municipal
SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%
1.00
52,186,339
municipal
CALIFORNIA ST 5%
0.97
50,639,975
municipal
MICHIGAN FIN AUTH REV 5%
0.96
50,096,630
municipal
PATRIOTS ENERGY GROUP FING AGY S C GAS SUPPLY REV 4%
0.94
48,765,861
municipal
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%
0.89
46,098,411
municipal
TENNESSEE ENERGY ACQUISITION CORP GAS REV 5%
0.86
44,866,872
municipal
SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA 4%
0.83
43,210,413
municipal
NEW JERSEY ST TRANSN TR FD AUTH 5%
0.81
42,127,946
municipal