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AB Municipal Income New York A (ALNYX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Municipal Income New York A (ALNYX) Fund

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

 

Graph of AB Municipal Income New York A Fund (ALNYX) ManagerFund Manager - Terrance T. Hults

Fund Manager Information

Fund Manager Tenure: 24.2 years
Similar Funds: ALNBX  ALNVX 
Fund Family: AllianceBernstein
Fund Category: Muni New York Intermediate
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.63)     (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

 

Graph of AB Municipal Income New York A Fund (ALNYX) ProfileAB Municipal Income New York A Fund (ALNYX) Profile

Fund Profile and Description

AB Municipal Income New York A Fund seeks to earn the highest level of current income exempt from both federal income tax and New York State and City income tax that is available without assuming what the Adviser considers to be undue risk to principal or income. AB Municipal Income New York A Fund normally invests at least 80% of assets in municipal securities issued by New York 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.

 

AB Municipal Income New York A (ALNYX) Fund Strength What we like about AB Municipal Income New York A (ALNYX) Fund

Data for AB Municipal Income New York A Fund (ALNYX) as of May 30, 2016

  • AB Municipal Income New York A Fund (ALNYX) management has been with AB Municipal Income New York A Fund for 24.2 years
  • AB Municipal Income New York A Fund (ALNYX) has good short-term performance (1-year return 6.00% vs 4.88% Muni New York Intermediate category median performance)
  • AB Municipal Income New York A Fund (ALNYX) has good mid-term performance (3-year return 3.24% vs 2.96% Muni New York Intermediate category median performance)
  • AB Municipal Income New York A Fund (ALNYX) has good Long-term performance (5-year return 4.26% vs 3.88% Muni New York Intermediate category median performance)
  • AB Municipal Income New York A Fund (ALNYX) ratio of up-years vs down years is greater than 2
  • Asset base in AB Municipal Income New York A Fund (ALNYX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • AB Municipal Income New York A Fund (ALNYX) has an annual stock turnover rate of 12.00% vs Muni New York Intermediate average of 12.97%. It is good that AB Municipal Income New York A management does not trade extensively for its return.
  • AB Municipal Income New York A Fund (ALNYX) has a lower expense ratio than its Muni New York Intermediate average: 0.77% vs 0.83%

AB Municipal Income New York A Fund (ALNYX) Weakness What we are cautious about AB Municipal Income New York A (ALNYX) Fund

Data for AB Municipal Income New York A Fund (ALNYX) as of May 30, 2016

  • AB Municipal Income New York A Fund (ALNYX) has a Morningstar rating of 3 and below
  • AB Municipal Income New York A Fund (ALNYX) is less safe compared to its Muni New York Intermediate peers
  • AB Municipal Income New York A Fund (ALNYX) is more volatile than its peers as it has a 3-year Standard Deviation of 3.37 that is higher than category average of 3.35
  • AB Municipal Income New York A Fund (ALNYX) carries a 3% load
See AB Municipal Income New York A Fund (ALNYX) performance details as of May 30, 2016

 

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Compare AB Municipal Income New York A Fund (ALNYX)Compare with other top Muni New York Intermediate category mutual funds

Aadditional top Muni New York Intermediate mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AB Municipal Income New York A2.936.003.244.26
BlackRock NY Municipal Opps Inv A1 (MDNKX)3.168.004.855.99Compare

See top fund managers for Muni New York Intermediate Category Funds

 

Compare AB Municipal Income New York A Fund (ALNYX)Compare with Muni New York Intermediate category ETFs

Some Muni New York Intermediate ETFs for your consideration

ETFYear to DateOne YearThree Year
iShares New York AMT-Free Muni Bond (NYF)2.38%5.51%3.97%

 

Graph of AB Municipal Income New York A Fund (ALNYX) Net Asset TrackingAB Municipal Income New York A (ALNYX) Fund Net Asset

Track net asset change of AB Municipal Income New York A fund (ALNYX)

DateNet Asset
05/2016$595.70M
03/2016$575.66M
02/2016$561.78M
More historic net asset information on AB Municipal Income New York A Fund (ALNYX)

  

Graph of AB Municipal Income New York A Fund (ALNYX) Portfolio TrackingAB Municipal Income New York A (ALNYX) Fund Portfolio Allocation

Track portfolio allocation change of AB Municipal Income New York A fund (ALNYX)

DateCashStockBondOther
04/20164.25%0%95.75%0%
02/20164.16%0%95.79%0.05%
12/20153.16%0%96.79%0.05%
Click here to see more historic asset allocation information on AB Municipal Income New York A Fund (ALNYX)

 

graph of AB Municipal Income New York A Fund (ALNYX) Top 10 Position TrackingTop 10 Holdings in AB Municipal Income New York A (ALNYX) Fund

Discover what AB Municipal Income New York A Fund (ALNYX) manager is buying

Apr 29, 2016
New York N Y City Mun Wtr Fin Water A 5% [2.93%]
Port Auth 5% [2.58%]
Metropolitan Transn Auth 5% [2.39%]
Metropolitan Transn Auth 5.25% [2.33%]
Util Debt Securitization Au Restructu 5% [2.11%]
New York N Y Go Bds 5% [2.09%]
New York St Twy Auth 5% [2.07%]
Glen Cove N Y Indl Dev Agy Civ Civic Fac [1.95%]
New York Convention Ctr Dev Co Ref Bd 5% [1.91%]
New York N Y City Tr Cultural Rev Bds 5% [1.91%]

Feb 28, 2016
New York N Y City Mun Wtr Fin Water A 5% [3.05%]
Port Auth 5% [2.68%]
Metropolitan Transn Auth 5% [2.42%]
Util Debt Securitization Au Restructu 5% [2.14%]
New York N Y Go Bds 5% [2.13%]
New York St Twy Auth 5% [2.1%]
Glen Cove N Y Indl Dev Agy Civ Civic Fac [2.02%]
New York N Y City Tr Cultural Rev Bds 5% [1.98%]
Triborough Brdg & Tunl Auth 5% [1.97%]
New York Convention Ctr Dev Co Ref Bd 5% [1.94%]

Dec 30, 2015
New York N Y City Mun Wtr Fin Water A 5% [3.19%]
Port Auth 5% [2.8%]
Metropolitan Transn Auth 5% [2.54%]
Util Debt Securitization Au Restructu 5% [2.24%]
New York N Y Go Bds 5% [2.21%]
New York St Twy Auth 5% [2.2%]
Glen Cove N Y Indl Dev Agy Civ Civic Fac [2.1%]
Triborough Brdg & Tunl Auth 5% [2.06%]
New York Convention Ctr Dev Co Ref Bd 5% [2.04%]
New York N Y City Tr Cultural Rev Bds 5% [2.01%]
Click here for Stock Holding Change Map in AB Municipal Income New York A Fund (ALNYX)

  

Latest News on AB Municipal Income New York A (ALNYX) Fund

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AB Municipal Income New York A Fund (ALNYX) Related ResourcesSee more information on AB Municipal Income New York A (ALNYX) Fund

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