Mutual Fund Insights: AllianceBern Interm CA Muni B Fund (ACLBX)

In-depth Analysis of AllianceBern Interm CA Muni B Fund (ACLBX)

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See AllianceBern Interm CA Muni B Fund (ACLBX) performance details as of January 31, 2010

  

Last Trade: $14.58 on 3/15/2010, Change: 0.00 (0%)

  

Fund Manager - R.B. Davidson III

Fund Manager Tenure: 15.5 years
Fundmojo Fund Grade: C (Score: 0.5)     (What does this score mean?)

Davidson joined Bernstein as director of the municipal bond department in 1992. Prior to that, he was vice president and head of municipal strategies at JP Morgan Securities, and from 1983 to 1985, he was an associate economist at Lehman Brothers. Davidson is the author of several articles and was named to the Institutional Investor All-America Research Team in 1992.  Get more insights on R.B. Davidson III

  

 What we like about AllianceBern Interm CA Muni B Fund (ACLBX)

Data for AllianceBern Interm CA Muni B Fund (ACLBX) as of January 31, 2010

• AllianceBern Interm CA Muni B Fund (ACLBX) management has been with AllianceBern Interm CA Muni B Fund for 15.5 years
• AllianceBern Interm CA Muni B Fund (ACLBX) has good mid-term performance (3-year return 3.42% vs 3.31% Muni California Interm/Short category average)
• AllianceBern Interm CA Muni B Fund (ACLBX) ratio of up-years vs down years is greater than 2
• AllianceBern Interm CA Muni B Fund (ACLBX) has an annual stock turnover rate of 14.00% vs Muni California Interm/Short average of 40.69%. It is good that AllianceBern Interm CA Muni B management does not trade extensively for its return.
• AllianceBern Interm CA Muni B Fund (ACLBX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.89, lower than category average of 5.03

  

 What we are cautious about AllianceBern Interm CA Muni B Fund (ACLBX)

Data for AllianceBern Interm CA Muni B Fund (ACLBX) as of January 31, 2010

• AllianceBern Interm CA Muni B Fund (ACLBX) has a less-than-ideal short-term performance (1-year return 3.91% vs 6.78% Muni California Interm/Short category average)
• AllianceBern Interm CA Muni B Fund (ACLBX) has a less-than-ideal Long-term performance (5-year return 2.47% vs 3.02% Muni California Interm/Short category average)
• AllianceBern Interm CA Muni B Fund (ACLBX) has a Morningstar rating of 3 and below
• AllianceBern Interm CA Muni B Fund (ACLBX) is less safe compared to its Muni California Interm/Short peers
• AllianceBern Interm CA Muni B Fund (ACLBX) has a higher management fee of 1.61% than its Muni California Interm/Short average of 0.85%
• AllianceBern Interm CA Muni B Fund (ACLBX) carries a 3% load

See AllianceBern Interm CA Muni B Fund (ACLBX) performance details as of January 31, 2010

  

  

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AllianceBern Interm CA Muni B Fund (ACLBX) Net Asset

Track net asset change of AllianceBern Interm CA Muni B fund (ACLBX)

Date	Net Asset
01/2010	$1.34M
11/2009	$1.54M
10/2009	$1.83M

More historic net asset information on AllianceBern Interm CA Muni B Fund (ACLBX)

  

AllianceBern Interm CA Muni B Fund (ACLBX) Portfolio Allocation

Track portfolio allocation change of AllianceBern Interm CA Muni B fund (ACLBX)

Date	Cash	Stock	Bond	Other
10/2009	0.52%	0%	99.48%	0%
08/2009	0.81%	0%	99.19%	0%
07/2009	0.57%	0%	99.43%	0%

Click here to see more historic asset allocation information on AllianceBern Interm CA Muni B Fund (ACLBX)

  

Most Recent Top 10 Holdings in AllianceBern Interm CA Muni B Fund (ACLBX)

Discover what AllianceBern Interm CA Muni B Fund (ACLBX) manager is buying

31-Oct-09 Golden St Tob Securitization C Asse 5.5% [2.64%] Bay Area Infrasct Fing A State Pay 5% [2.64%] California Statewide Cmntys De Insd Hlth [2.41%] California St Dept Wtr Res Pwr Rev Bd 5% [2.03%] Golden St Tob Securitization C Ass 6.25% [1.97%] California St Econ Recover Economic 5% [1.87%] California St Dept Wtr Res Pwr Rev Bd 5% [1.87%] San Diego Calif Pub Facs Fing Sewer 5% [1.81%] California St Econ Recover Double 5.25% [1.64%] Golden St Tob Securitization C As 5.625% [1.52%]

31-Aug-09 California Statewide Cmntys De Insd Hlth [3.66%] Golden St Tob Securitization C Asse 5.5% [2.81%] Bay Area Infrasct Fing A State Pay 5% [2.74%] California St Dept Wtr Res Pwr Rev Bd 5% [2.18%] Golden St Tob Securitization C Ass 6.25% [2.09%] California St Dept Wtr Res Pwr Rev Bd 5% [2.01%] California St Econ Recover Double 5.25% [1.74%] Golden St Tob Securitization C As 5.625% [1.62%] California St Econ Recover Double 5.25% [1.54%] Orange Cnty Calif Pub Fing Aut Lease 5% [1.52%]

31-Jul-09 California Statewide Cmntys De Insd Hlth [3.72%] Golden St Tob Securitization C Asse 5.5% [2.87%] Bay Area Infrasct Fing A State Pay 5% [2.75%] California St Dept Wtr Res Pwr Rev Bd 5% [2.23%] Golden St Tob Securitization C Ass 6.25% [2.14%] California St Dept Wtr Res Pwr Rev Bd 5% [2%] California St Econ Recover Double 5.25% [1.76%] Golden St Tob Securitization C As 5.625% [1.65%] California St Econ Recover Double 5.25% [1.55%] Orange Cnty Calif Pub Fing Aut Lease 5% [1.51%]

Click here for Stock Holding Change Map in AllianceBern Interm CA Muni B Fund (ACLBX)

  

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See more information on AllianceBern Interm CA Muni B Fund (ACLBX)

• AllianceBern Interm CA Muni B Fund Insights
• AllianceBern Interm CA Muni B Fund Performance Data
• AllianceBern Interm CA Muni B Fund News
• AllianceBern Interm CA Muni B Fund Score Explaination
• AllianceBern Interm CA Muni B Fund Manager Information
• Historic AllianceBern Interm CA Muni B Fund Asset Allocation Report
• Historic AllianceBern Interm CA Muni B Fund Top 10 Holding Tracking
• Historic AllianceBern Interm CA Muni B Fund Asset Under Management Tracking