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Morningstar

Bernstein CA Municipal SNCAX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 13.42  /  0.36 %
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    0.550%
  • Expense Ratio 0.550%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category Muni Single State Short
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 25,000
  • Status Open
  • TTM Yield 2.51%
  • Effective Duration 4.04 years

USD | NAV as of Sep 25, 2023 | 1-Day Return as of Sep 25, 2023, 10:17 PM GMT+0

Morningstar’s Analysis SNCAX

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

People Pillar

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

Bernstein CA Municipal's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings SNCAX

More SNCAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 356
  • Other Holdings 12
  • % Assets in Top 10 Holdings 13.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CNTY CALIF 5%

3.44
35,567,588
municipal

LOS ANGELES CALIF 5%

3.05
31,502,631
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.65%

1.93
19,914,840
municipal

LOS ANGELES CALIF UNI SCH DIST 5%

1.88
19,407,474
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4%

1.80
18,570,994
municipal

SAN DIEGO CALIF UNI SCH DIST 5%

1.64
16,945,400
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5%

1.50
15,487,140
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.22
12,588,318
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

1.15
11,937,428
municipal

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5%

1.15
11,893,426
municipal