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 9.16 / +0.03 %
- Total Assets 66.0 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 Medium/Moderate
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 3.27%
- Effective Duration 6.20 years
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM 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 34.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
UNION CNTY N J UTILS AUTH RESOURCE RECOVERY FAC LEASE REV 5.25% | 4.37 | 2.9 Mil | municipal |
NEW JERSEY ST EDL FACS AUTH REV 5% | 3.83 | 2.5 Mil | municipal |
NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5% | 3.79 | 2.5 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | 3.73 | 2.5 Mil | municipal |
TOBACCO SETTLEMENT FING CORP N J 5% | 3.53 | 2.3 Mil | municipal |
MORRIS-UNION JOINTURE COMMN N J CTFS PARTN 5% | 3.50 | 2.3 Mil | municipal |
RAHWAY VALLEY N J SEW AUTH SWR REV 0% | 3.30 | 2.2 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 4% | 2.93 | 1.9 Mil | municipal |
NEW JERSEY HEALTH CARE FACS FING AUTH REV 5% | 2.84 | 1.9 Mil | municipal |
NEW JERSEY ST TRANSN TR FD AUTH 5% | 2.77 | 1.8 Mil | municipal |