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AB Diversified Municipal SNDPX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
14.95  /  0.01 %
Total Assets
6.7 Bil
Adj. Expense Ratio
0.470%
Expense Ratio
0.470%
Fee Level
Below Average
Longest Manager Tenure
18.56 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
25,000
Status
Open
TTM Yield
1.98%
Effective Duration
3.55 years

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 9:50 PM GMT+00:00

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Morningstar’s Analysis

Will SNDPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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

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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

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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.

Analyst

Summary

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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.

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