AB Municipal Income II Arizona B (AAZBX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Municipal Income II Arizona B (AAZBX) Fund

Last Trade: $ on , Change: (0%)

 

Fund Manager - Terrance T. Hults

Fund Manager Information

Fund Manager Tenure: 23.9 years
Similar Funds: AAZAX  AAZCX 
Fund Family: AllianceBernstein
Fund Category: Muni Single State Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.69)     (What does this score mean?)
Terrance T. Hults is a member of the Tax-Exempt Fixed-Income Investment Policy Group. Prior to joining the firm, he was an associate in the Municipal Derivative Products department at Merrill Lynch Capital Markets, where he specialized in securities arbitrage. These transactions involved issuers and investors, as well as proprietary trading and utilized futures, options, interest-rate swaps, and other over-the-counter derivative structures. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York.  Get more insights on Terrance T. Hults

 

AB Municipal Income II Arizona B Fund (AAZBX) Profile

Fund Profile and Description

AB Municipal Income II Arizona B Fund seeks to earn the highest level of current income exempt from both federal income tax and State of Arizona personal income tax that is available without assuming what the Adviser considers to be undue risk. AB Municipal Income II Arizona B Fund normally invests at least 80% of assets in municipal securities issued by Arizona State with interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers.

 

 What we like about AB Municipal Income II Arizona B (AAZBX) Fund

Data for AB Municipal Income II Arizona B Fund (AAZBX) as of May 30, 2016

• AB Municipal Income II Arizona B Fund (AAZBX) management has been with AB Municipal Income II Arizona B Fund for 23.9 years
• AB Municipal Income II Arizona B Fund (AAZBX) has good short-term performance (1-year return 5.81% vs 4.21% Muni Single State Interm category median performance)
• AB Municipal Income II Arizona B Fund (AAZBX) has good mid-term performance (3-year return 3.08% vs 2.77% Muni Single State Interm category median performance)
• AB Municipal Income II Arizona B Fund (AAZBX) has good Long-term performance (5-year return 4.12% vs 3.54% Muni Single State Interm category median performance)
• AB Municipal Income II Arizona B Fund (AAZBX) ratio of up-years vs down years is greater than 2
• Asset base in AB Municipal Income II Arizona B Fund (AAZBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support

 What we are cautious about AB Municipal Income II Arizona B (AAZBX) Fund

Data for AB Municipal Income II Arizona B Fund (AAZBX) as of May 30, 2016

• AB Municipal Income II Arizona B Fund (AAZBX) has a Morningstar rating of 3 and below
• AB Municipal Income II Arizona B Fund (AAZBX) is less safe compared to its Muni Single State Interm peers
• AB Municipal Income II Arizona B Fund (AAZBX) has an annual stock turnover rate of 21.00% that is higher than the Muni Single State Interm average of 9.82%. This could mean AB Municipal Income II Arizona B is more nimble, but also signal potential high tax impact and high trading fees
• AB Municipal Income II Arizona B Fund (AAZBX) is more volatile than its peers as it has a 3-year Standard Deviation of 3.28 that is higher than category average of 3.11
• AB Municipal Income II Arizona B Fund (AAZBX) has a higher expense ratio of 1.53% than its Muni Single State Interm average of 0.91%
• AB Municipal Income II Arizona B Fund (AAZBX) carries a 3% load

See AB Municipal Income II Arizona B Fund (AAZBX) performance details as of May 30, 2016

 

What do you think?

 

Compare with other top Muni Single State Interm category mutual funds

Aadditional top Muni Single State Interm mutual funds for your consideration

Fund	Year to Date	1 Year	3 year	5 year
AB Municipal Income II Arizona B	2.76	5.81	3.08	4.12
Colorado BondShares A Tax-Exempt (HICOX)	1.48	4.44	4.01	4.58	Compare
Dupree AL Tax-Free Income (DUALX)	2.19	4.79	3.83	4.99	Compare
Aquila Tax-Free Fund For Utah A (UTAHX)	2.31	4.74	4.08	5.08	Compare

See top fund managers for Muni Single State Interm Category Funds

 

AB Municipal Income II Arizona B (AAZBX) Fund Net Asset

Track net asset change of AB Municipal Income II Arizona B fund (AAZBX)

Date	Net Asset
05/2016	$131.66M
03/2016	$131.09M
02/2016	$129.65M

More historic net asset information on AB Municipal Income II Arizona B Fund (AAZBX)

  

AB Municipal Income II Arizona B (AAZBX) Fund Portfolio Allocation

Track portfolio allocation change of AB Municipal Income II Arizona B fund (AAZBX)

Date	Cash	Stock	Bond	Other
04/2016	5.08%	0%	94.92%	0%
02/2016	4.83%	0%	95.17%	0%
12/2015	1.96%	0%	98.04%	0%

Click here to see more historic asset allocation information on AB Municipal Income II Arizona B Fund (AAZBX)

 

Top 10 Holdings in AB Municipal Income II Arizona B (AAZBX) Fund

Discover what AB Municipal Income II Arizona B Fund (AAZBX) manager is buying

Apr 29, 2016 Arizona St Lottery Rev St Lotter 5% [5.18%] Tucson Ariz Arpt Auth 5.35% [4.98%] Arizona St Ctfs Partn Cops 5% [4.95%] Mesa Ariz Excise Tax Rev Rev Bds 5% [4.53%] Pinal Cnty Ariz Rev Obligs Pledge Re 5% [4.12%] Arizona Brd Regents Univ Ariz Rev Bds 5% [3.43%] Phoenix Ariz Civic Impt Corp A Sr Lie 5% [3.4%] Buckeye Ariz Excise Tax Rev Rev Obl 5% [3.08%] Arizona St Transn Brd Hwy Rev Subordi 5% [2.7%] Pima Cnty Ariz Regl Transn Au Rev Bds 5% [2.7%]

Feb 28, 2016 Arizona St Lottery Rev St Lotter 5% [5.31%] Arizona St Ctfs Partn Cops 5% [5.08%] Tucson Ariz Arpt Auth 5.35% [5.07%] Mesa Ariz Excise Tax Rev Rev Bds 5% [4.58%] Pinal Cnty Ariz Rev Obligs Pledge Re 5% [4.13%] Phoenix Ariz Civic Impt Corp A Sr Lie 5% [3.48%] Arizona Brd Regents Univ Ariz Rev Bds 5% [3.44%] Buckeye Ariz Excise Tax Rev Rev Obl 5% [3.1%] Pima Cnty Ariz Regl Transn Au Rev Bds 5% [2.78%] Arizona Health Facs Auth 5% [2.7%]

Dec 30, 2015 Arizona St Lottery Rev St Lotter 5% [5.38%] Arizona St Ctfs Partn Cops 5% [5.23%] Tucson Ariz Arpt Auth 5.35% [5.21%] Mesa Ariz Excise Tax Rev Rev Bds 5% [4.57%] Pinal Cnty Ariz Rev Obligs Pledge Re 5% [4.21%] Phoenix Ariz Civic Impt Corp A Sr Lie 5% [3.57%] Arizona Brd Regents Univ Ariz Rev Bds 5% [3.49%] Buckeye Ariz Excise Tax Rev Rev Obl 5% [3.18%] Pima Cnty Ariz Regl Transn Au Rev Bds 5% [2.83%] Arizona St Transn Brd Hwy Rev Subordi 5% [2.75%]

Click here for Stock Holding Change Map in AB Municipal Income II Arizona B Fund (AAZBX)

  

Latest News on AB Municipal Income II Arizona B (AAZBX) Fund

See what is happening with AB Municipal Income II Arizona B Fund (AAZBX)

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Popular pages on AB Municipal Income II Arizona B (AAZBX) Fund

• AB Municipal Income II Arizona B (AAZBX) Fund Research and Recommendation
• AB Municipal Income II Arizona B (AAZBX) Fund Performance Data
• AB Municipal Income II Arizona B (AAZBX) Fund Manager Information
• Historic AB Municipal Income II Arizona B (AAZBX) Fund Asset Allocation Report
• Historic AB Municipal Income II Arizona B (AAZBX) Fund Top 10 Holding Tracking
• Historic AB Municipal Income II Arizona B (AAZBX) Fund Asset Under Management Tracking