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Morningstar

AB Municipal Income II Pennsylvania C APACX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 9.49  /  0.22 %
  • Total Assets 47.9 Mil
  • Adj. Expense Ratio
    1.600%
  • Expense Ratio 1.600%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Muni Pennsylvania
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.34%
  • Effective Duration 7.77 years

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:15 PM GMT+0

Morningstar’s Analysis APACX

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

People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit AB Municipal Income II Pennsylvania C 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
Rated on Published on

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Portfolio Holdings APACX

More APACX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 80
  • Other Holdings 1
  • % Assets in Top 10 Holdings 32.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 5%

5.49
2,560,001
municipal

PITTSBURGH PA WTR & SWR AUTH WTR & SWR SYS REV 4.517%

4.24
1,977,771
municipal

PHILADELPHIA PA AUTH FOR INDL DEV UNIV REV 5.5%

4.24
1,977,716
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

3.44
1,603,236
municipal

DELAWARE CNTY PA AUTH REV 5%

3.21
1,494,623
municipal

PHILADELPHIA PA ENERGY AUTH CITY SVC AGREEMENT REV 5%

2.59
1,207,201
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 6%

2.22
1,035,420
municipal

PENNSYLVANIA ST CTFS PARTN 5%

2.22
1,035,002
municipal

ALLEGHENY CNTY PA ARPT AUTH ARPT REV 5%

2.18
1,015,808
municipal

PHILADELPHIA PA SCH DIST 5.25%

2.17
1,011,582
municipal