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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 9.50  /  −0.31 %
  • Total Assets 47.7 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/Moderate
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.30%
  • Effective Duration —

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:10 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 —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 5%

5.49 2.7 Mil
municipal

PHILADELPHIA PA AUTH FOR INDL DEV UNIV REV 5.5%

4.39 2.1 Mil
municipal

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

3.98 1.9 Mil
municipal

ALLEGHENY CNTY PA HOSP DEV AUTH REV 5%

3.44 1.7 Mil
municipal

DELAWARE CNTY PA AUTH REV 5%

3.24 1.6 Mil
municipal

PHILADELPHIA PA ENERGY AUTH CITY SVC AGREEMENT REV 5%

2.72 1.3 Mil
municipal

PENNSYLVANIA ST TPK COMMN TPK REV 4%

2.64 1.3 Mil
municipal

PENNSYLVANIA ECONOMIC DEV FING AUTH PRIVATE ACTIVITY REV 6%

2.31 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%

2.26 1.1 Mil
municipal