AB Intermediate Diversified Municipal has an efficient process that leverages quantitative tools effectively, but these positives do not put the strategy ahead of its low-cost competitors. It receives a Neutral rating for most share classes and a Negative rating for its most expensive C share class.
AB Diversified Municipal SNDPX
NAV / 1-Day Return
14.88
/
0.07
%
Total Assets
6.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.470%
Expense Ratio
0.470%
Fee Level
Below Average
Longest Manager Tenure
18.35
years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
25,000
Status
Open
TTM Yield
2.06%
Effective Duration
3.55
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will SNDPX 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 SNDPX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the SNDPX 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 SNDPX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The strategy’s distinct duration profile has defined its returns relative to peers.
