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AB Intermediate California Municipal B (ACLBX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Intermediate California Municipal B (ACLBX) Fund

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

 

Graph of AB Intermediate California Municipal B Fund (ACLBX) ManagerFund Manager - Robert B. (Guy) Davidson

Fund Manager Information

Fund Manager Tenure: 28.6 years
Fund Family: AllianceBernstein
Fund Category: Muni Single State Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: E (Score: 0.32)     (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 Robert B. (Guy) Davidson

 

Graph of AB Intermediate California Municipal B Fund (ACLBX) ProfileAB Intermediate California Municipal B Fund (ACLBX) Profile

Fund Profile and Description

AB Intermediate California Municipal B Fund seeks safety of principal and maximizes total return after taking account of federal and state taxes for California residents. AB Intermediate California Municipal B Fund normally invests at least 80% of assets in municipal securities rated A or better by national rating agencies and comparably rated municipal notes. It may invest up to 20% of assets in fixed-income securities rated BB or B by national rating agencies, which are not investment-grade. AB Intermediate California Municipal B Fund normally seeks to maintain an effective duration of three and one-half to seven years. It is non-diversified.

 

AB Intermediate California Municipal B (ACLBX) Fund Strength What we like about AB Intermediate California Municipal B (ACLBX) Fund

Data for AB Intermediate California Municipal B Fund (ACLBX) as of May 30, 2016

  • AB Intermediate California Municipal B Fund (ACLBX) management has been with AB Intermediate California Municipal B Fund for 28.6 years
  • AB Intermediate California Municipal B Fund (ACLBX) has good short-term performance (1-year return 2.41% vs 2.34% Muni Single State Short category median performance)
  • AB Intermediate California Municipal B Fund (ACLBX) ratio of up-years vs down years is greater than 2
  • Asset base in AB Intermediate California Municipal B Fund (ACLBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • AB Intermediate California Municipal B Fund (ACLBX) has an annual stock turnover rate of 16.00% vs Muni Single State Short average of 19.24%. It is good that AB Intermediate California Municipal B management does not trade extensively for its return.

AB Intermediate California Municipal B Fund (ACLBX) Weakness What we are cautious about AB Intermediate California Municipal B (ACLBX) Fund

Data for AB Intermediate California Municipal B Fund (ACLBX) as of May 30, 2016

  • AB Intermediate California Municipal B Fund (ACLBX) has a less-than-ideal mid-term performance (3-year return 0.85% vs 1.15% Muni Single State Short category median performance)
  • AB Intermediate California Municipal B Fund (ACLBX) has a less-than-ideal Long-term performance (5-year return 1.60% vs 2.01% Muni Single State Short category median performance)
  • AB Intermediate California Municipal B Fund (ACLBX) has a Morningstar rating of 3 and below
  • AB Intermediate California Municipal B Fund (ACLBX) is less safe compared to its Muni Single State Short peers
  • AB Intermediate California Municipal B Fund (ACLBX) does not have a good risk adjusted return as its 3-year Alpha of -1.83 is worse than category average of -0.79, and its 3-year Sharpe ratio is 0.34
  • AB Intermediate California Municipal B Fund (ACLBX) is more volatile than its peers as it has a 3-year Standard Deviation of 2.31 that is higher than category average of 2.07
  • AB Intermediate California Municipal B Fund (ACLBX) has a higher expense ratio of 1.88% than its Muni Single State Short average of 0.85%
  • AB Intermediate California Municipal B Fund (ACLBX) carries a 3% load
See AB Intermediate California Municipal B Fund (ACLBX) performance details as of May 30, 2016

 

What do you think?

 

Compare AB Intermediate California Municipal B Fund (ACLBX)Compare with other top Muni Single State Short category mutual funds

Aadditional top Muni Single State Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AB Intermediate California Municipal B1.172.410.851.60
Thornburg CA Limited-Term Muni A (LTCAX)1.052.662.102.87Compare
Wells Fargo Advantage CA Ltd-Term T/F Ad (SCTIX)1.382.912.443.00Compare
Fidelity California Ltd Trm Tax-Free Bd (FCSTX)1.062.551.952.26Compare

See top fund managers for Muni Single State Short Category Funds

 

Graph of AB Intermediate California Municipal B Fund (ACLBX) Net Asset TrackingAB Intermediate California Municipal B (ACLBX) Fund Net Asset

Track net asset change of AB Intermediate California Municipal B fund (ACLBX)

DateNet Asset
05/2016$1.21B
03/2016$1.20B
02/2016$1.19B
More historic net asset information on AB Intermediate California Municipal B Fund (ACLBX)

  

Graph of AB Intermediate California Municipal B Fund (ACLBX) Portfolio TrackingAB Intermediate California Municipal B (ACLBX) Fund Portfolio Allocation

Track portfolio allocation change of AB Intermediate California Municipal B fund (ACLBX)

DateCashStockBondOther
04/20164.26%0%95.05%0.69%
02/20166.61%0%93.39%0%
12/20157.67%0%92.33%0%
Click here to see more historic asset allocation information on AB Intermediate California Municipal B Fund (ACLBX)

 

graph of AB Intermediate California Municipal B Fund (ACLBX) Top 10 Position TrackingTop 10 Holdings in AB Intermediate California Municipal B (ACLBX) Fund

Discover what AB Intermediate California Municipal B Fund (ACLBX) manager is buying

Apr 29, 2016
California St Econ Recover Economic 5% [2.14%]
California Infrasct & Ec Rev Bds 5% [2.07%]
California St Go Bds 5% [2.02%]
Los Angeles Calif Uni Sch Dist 5% [1.99%]
San Diego Calif Pub Facs Fing Sewer 5% [1.88%]
California St Dept Wtr Res Pwr Rev Bd 5% [1.85%]
Los Angeles Calif Dept Arpts A Senior 5% [1.76%]
California St Univ Rev Systemwid 5% [1.75%]
California St For Previous Iss Go 0.57% [1.74%]

Feb 28, 2016
US Treasury Note 1.625% [3.62%]
California St Econ Recover Economic 5% [2.15%]
California Infrasct & Ec Rev Bds 5% [2.09%]
California St Go Bds 5% [2.03%]
San Diego Calif Pub Facs Fing Sewer 5% [1.9%]
California St Dept Wtr Res Pwr Rev Bd 5% [1.86%]
Los Angeles Calif Dept Arpts A Senior 5% [1.76%]
California St For Previous Iss Go 0.57% [1.75%]
California St Univ Rev Systemwid 5% [1.72%]

Dec 30, 2015
California St Econ Recover Economic 5% [2.22%]
California Infrasct & Ec Rev Bds 5% [2.13%]
California St Go Bds 5% [2.08%]
San Diego Calif Pub Facs Fing Sewer 5% [1.96%]
California St Dept Wtr Res Pwr Rev Bd 5% [1.93%]
Los Angeles Calif Dept Arpts A Senior 5% [1.81%]
California St For Previous Iss Go 0.57% [1.79%]
California St Univ Rev Systemwid 5% [1.75%]
New Jersey St Transn Tr Fd Aut Trans 5% [1.64%]
Click here for Stock Holding Change Map in AB Intermediate California Municipal B Fund (ACLBX)

  

Latest News on AB Intermediate California Municipal B (ACLBX) Fund

See what is happening with AB Intermediate California Municipal B Fund (ACLBX)

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AB Intermediate California Municipal B Fund (ACLBX) Related ResourcesSee more information on AB Intermediate California Municipal B (ACLBX) Fund

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