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AB Municipal Income II Pennsylvania A APAAX

Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 9.64  /  0.10 %
  • Total Assets 49.6 Mil
  • Adj. Expense Ratio
    0.850%
  • Expense Ratio 0.850%
  • Distribution Fee Level High
  • Share Class Type Front Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.04%
  • Effective Duration 5.92 years

Morningstar’s Analysis APAAX

Will APAAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit AB Municipal Income II Pennsylvania A to 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.

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Portfolio Holdings APAAX

  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 73
  • Other Holdings 1
  • % Assets in Top 10 Holdings 32.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 5%

5.51
2,706,004
municipal

PHILADELPHIA PA AUTH FOR INDL DEV UNIV REV 5.5%

4.40
2,160,227
municipal

PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 4.573%

3.97
1,950,181
municipal

AB Government Money Market AB

3.73
1,829,988
Cash and Equivalents

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

3.46
1,698,473
municipal

DELAWARE CNTY PA AUTH REV 5%

3.20
1,570,790
municipal

PHILADELPHIA PA ENERGY AUTH CITY SVC AGREEMENT REV 5%

2.73
1,340,438
municipal

PHILADELPHIA PA SCH DIST 5.25%

2.29
1,124,496
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 6%

2.26
1,108,943
municipal

MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 5%

2.25
1,103,436
municipal