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Morningstar

AB Municipal Income II New Jersey C ANJCX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 8.99  /  0.68 %
  • Total Assets 60.5 Mil
  • Adj. Expense Ratio
    1.570%
  • Expense Ratio 1.570%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni New Jersey
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.69%
  • Effective Duration 8.02 years

USD | NAV as of Nov 29, 2023 | 1-Day Return as of Nov 29, 2023, 11:17 PM GMT+0

Morningstar’s Analysis ANJCX

Will ANJCX 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 ANJCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the ANJCX 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 ANJCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

AB Municipal Income II New Jersey C's Average Process and People Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ANJCX

More ANJCX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 75
  • Other Holdings 1
  • % Assets in Top 10 Holdings 37.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

4.96
2,976,776
municipal

NEW JERSEY ST EDL FACS AUTH REV 5%

4.27
2,561,626
municipal

NEW JERSEY ECONOMIC DEV AUTH SPL FAC REV 5%

3.95
2,372,810
municipal

MORRIS-UNION JOINTURE COMMN N J CTFS PARTN 5%

3.87
2,321,921
municipal

TOBACCO SETTLEMENT FING CORP N J 5%

3.87
2,319,072
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

3.69
2,211,956
municipal

RAHWAY VALLEY N J SEW AUTH SWR REV 0%

3.41
2,043,856
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 5%

3.12
1,872,285
municipal

NEW JERSEY HEALTH CARE FACS FING AUTH REV 4%

3.03
1,820,774
municipal

NEW JERSEY ECONOMIC DEV AUTH ECONOMIC DEV REV 5%

3.00
1,800,705
municipal