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Mutual Fund Insights: AllianceBern Muni Inc II MI A Fund (AMIAX)

In-depth Analysis of AllianceBern Muni Inc II MI A Fund (AMIAX)

Mutual fund chart: AllianceBern Muni Inc II MI A Fund (AMIAX)

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See AllianceBern Muni Inc II MI A Fund (AMIAX) performance details as of January 31, 2010

Last Trade: $10.75 on 3/16/2010, Change: 0.00 (0%)

Fund Manager - Terrance T. Hults

Fund Manager Tenure: 14.8 years [Similar Funds: AMIBX AMICX ]
Fundmojo Fund Grade: B (Score: 0.61) (What does this score mean?)

Hults is a senior vice president with Alliance Capital Management L. P. Prior to joining Alliance in 1995, he was an associate and trader in the Municipal Derivative Products Department at Merrill Lynch Capital Markets. Get more insights on Terrance T. Hults

What we like about AllianceBern Muni Inc II MI A Fund (AMIAX)

Data for AllianceBern Muni Inc II MI A Fund (AMIAX) as of January 31, 2010

AllianceBern Muni Inc II MI A Fund (AMIAX) management has been with AllianceBern Muni Inc II MI A Fund for 14.8 years
AllianceBern Muni Inc II MI A Fund (AMIAX) has good mid-term performance (3-year return 3.65% vs 2.51% Muni Single State Long category average)
AllianceBern Muni Inc II MI A Fund (AMIAX) has good Long-term performance (5-year return 3.65% vs 3.16% Muni Single State Long category average)
AllianceBern Muni Inc II MI A Fund (AMIAX) ratio of up-years vs down years is greater than 2
AllianceBern Muni Inc II MI A Fund (AMIAX) has a Morningstar rating of 4 and above
AllianceBern Muni Inc II MI A Fund (AMIAX) has an annual stock turnover rate of 11.00% vs Muni Single State Long average of 20.24%. It is good that AllianceBern Muni Inc II MI A management does not trade extensively for its return.
AllianceBern Muni Inc II MI A Fund (AMIAX) is less volatile than its peers as it has a 3-year Standard Deviation of 4.58, lower than category average of 7.99
AllianceBern Muni Inc II MI A Fund (AMIAX) has a lower management fee than its Muni Single State Long average: 1.01% vs 1.03%

What we are cautious about AllianceBern Muni Inc II MI A Fund (AMIAX)

Data for AllianceBern Muni Inc II MI A Fund (AMIAX) as of January 31, 2010

AllianceBern Muni Inc II MI A Fund is a focused fund with 31.71% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
AllianceBern Muni Inc II MI A Fund (AMIAX) has a less-than-ideal short-term performance (1-year return 9.31% vs 13.75% Muni Single State Long category average)
AllianceBern Muni Inc II MI A Fund (AMIAX) is less safe compared to its Muni Single State Long peers
AllianceBern Muni Inc II MI A Fund (AMIAX) carries a 3% load

See AllianceBern Muni Inc II MI A Fund (AMIAX) performance details as of January 31, 2010

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AllianceBern Muni Inc II MI A Fund (AMIAX) Net Asset

Track net asset change of AllianceBern Muni Inc II MI A fund (AMIAX)

Date	Net Asset
01/2010	$71.82M
11/2009	$73.28M
10/2009	$72.47M

More historic net asset information on AllianceBern Muni Inc II MI A Fund (AMIAX)

AllianceBern Muni Inc II MI A Fund (AMIAX) Portfolio Allocation

Track portfolio allocation change of AllianceBern Muni Inc II MI A fund (AMIAX)

Date	Cash	Stock	Bond	Other
10/2009	0%	0%	100%	0%
08/2009	0%	0%	100%	0%
07/2009	0%	0%	100%	0%

Click here to see more historic asset allocation information on AllianceBern Muni Inc II MI A Fund (AMIAX)

Most Recent Top 10 Holdings in AllianceBern Muni Inc II MI A Fund (AMIAX)

Discover what AllianceBern Muni Inc II MI A Fund (AMIAX) manager is buying

31-Oct-09

Dexter Mich Cmnty Schs Refunding 5% [4.22%]
Michigan St Trunk Line Rev Bds 5.25% [3.89%]
Detroit Mich Wtr Sply Sys Re Rev Bd 5.5% [3.46%]
Michigan St Grant Ant 5.25% [3.3%]
Southfield Mich Libr Bldg Auth 5% [3.17%]
Michigan Higher Ed Stud Ln Student 5.2% [3.06%]
Detroit Mich City Sch Dist 5.125% [2.86%]
Michigan St Strategic 5.2% [2.79%]
Puerto Rico Sales Tax Fing Cor Rev 5.5% [2.79%]
Puerto Rico Indl Tourist Edl M Re 6.125% [2.77%]

31-Aug-09

Dexter Mich Cmnty Schs Refunding 5% [4.23%]
Michigan St Trunk Line Rev Bds 5.25% [3.94%]
Detroit Mich Wtr Sply Sys Re Rev Bd 5.5% [3.5%]
Michigan St Grant Ant 5.25% [3.26%]
Southfield Mich Libr Bldg Auth 5% [3.16%]
Michigan Higher Ed Stud Ln Student 5.2% [2.97%]
Detroit Mich City Sch Dist 5.125% [2.88%]
Puerto Rico Pub Fin Corp Rev Bds 5% [2.79%]
Puerto Rico Indl Tourist Edl M Re 6.125% [2.78%]
Michigan St Strategic 5.2% [2.78%]

31-Jul-09

Dexter Mich Cmnty Schs Refunding 5% [4.19%]
Michigan St Trunk Line Rev Bds 5.25% [3.96%]
Detroit Mich Wtr Sply Sys Re Rev Bd 5.5% [3.52%]
Michigan St Grant Ant 5.25% [3.23%]
Southfield Mich Libr Bldg Auth 5% [3.14%]
Michigan Higher Ed Stud Ln Student 5.2% [2.95%]
Detroit Mich City Sch Dist 5.125% [2.91%]
Puerto Rico Pub Fin Corp Rev Bds 5% [2.8%]
Puerto Rico Indl Tourist Edl M Re 6.125% [2.78%]
Michigan St Strategic 5.2% [2.76%]

Click here for Stock Holding Change Map in AllianceBern Muni Inc II MI A Fund (AMIAX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.