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 Pennsylvania A APAAX
- NAV / 1-Day Return 9.65 / +0.01 %
- Total Assets 48.8 Mil
-
Adj. Expense Ratio
- 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 3.06%
- Effective Duration 5.92 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0
Morningstar’s Analysis APAAX
Will APAAX 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 32.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 5% | 5.47 | 2.7 Mil | municipal |
PHILADELPHIA PA AUTH FOR INDL DEV UNIV REV 5.5% | 4.38 | 2.2 Mil | municipal |
AB Government Money Market AB | 3.95 | 1.9 Mil | Cash and Equivalents |
PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 4.517% | 3.94 | 1.9 Mil | municipal |
ALLEGHENY CNTY PA HOSP DEV AUTH REV 5% | 3.44 | 1.7 Mil | municipal |
DELAWARE CNTY PA AUTH REV 5% | 3.21 | 1.6 Mil | municipal |
PHILADELPHIA PA ENERGY AUTH CITY SVC AGREEMENT REV 5% | 2.72 | 1.3 Mil | municipal |
PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 6% | 2.29 | 1.1 Mil | municipal |
PHILADELPHIA PA SCH DIST 5.25% | 2.28 | 1.1 Mil | municipal |
MONTGOMERY CNTY PA HIGHER ED & HEALTH AUTH REV 5% | 2.25 | 1.1 Mil | municipal |