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AB Municipal Income II Michigan B (AMIBX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Municipal Income II Michigan B (AMIBX) Fund

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Graph of AB Municipal Income II Michigan B Fund (AMIBX) ManagerFund Manager - Terrance T. Hults

Fund Manager Information

Fund Manager Tenure: 24.2 years
Similar Funds: AMIAX  AMICX 
Fund Family: AllianceBernstein
Fund Category: Muni Single State Interm
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.57)     (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 II Michigan B Fund (AMIBX) ProfileAB Municipal Income II Michigan B Fund (AMIBX) Profile

Fund Profile and Description

AB Municipal Income II Michigan B Fund seeks to earn the highest level of current income exempt from both federal income tax and State of Michigan personal income tax that is available without assuming what the Adviser considers to be undue risk. AB Municipal Income II Michigan B Fund normally invests at least 80% of assets in municipal securities issued by Michigan 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 II Michigan B (AMIBX) Fund Strength What we like about AB Municipal Income II Michigan B (AMIBX) Fund

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

  • AB Municipal Income II Michigan B Fund (AMIBX) management has been with AB Municipal Income II Michigan B Fund for 24.2 years
  • AB Municipal Income II Michigan B Fund (AMIBX) has good short-term performance (1-year return 6.07% vs 4.21% Muni Single State Interm category median performance)
  • AB Municipal Income II Michigan B Fund (AMIBX) ratio of up-years vs down years is greater than 2
  • Asset base in AB Municipal Income II Michigan B Fund (AMIBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • AB Municipal Income II Michigan B Fund (AMIBX) has an annual stock turnover rate of 5.00% vs Muni Single State Interm average of 9.64%. It is good that AB Municipal Income II Michigan B management does not trade extensively for its return.

AB Municipal Income II Michigan B Fund (AMIBX) Weakness What we are cautious about AB Municipal Income II Michigan B (AMIBX) Fund

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

  • AB Municipal Income II Michigan B Fund (AMIBX) has a less-than-ideal mid-term performance (3-year return 2.75% vs 2.77% Muni Single State Interm category median performance)
  • AB Municipal Income II Michigan B Fund (AMIBX) has a less-than-ideal Long-term performance (5-year return 3.13% vs 3.54% Muni Single State Interm category median performance)
  • AB Municipal Income II Michigan B Fund (AMIBX) has a Morningstar rating of 3 and below
  • AB Municipal Income II Michigan B Fund (AMIBX) is less safe compared to its Muni Single State Interm peers
  • AB Municipal Income II Michigan B Fund (AMIBX) is more volatile than its peers as it has a 3-year Standard Deviation of 3.96 that is higher than category average of 3.11
  • AB Municipal Income II Michigan B Fund (AMIBX) has a higher expense ratio of 1.60% than its Muni Single State Interm average of 0.91%
  • AB Municipal Income II Michigan B Fund (AMIBX) carries a 3% load
See AB Municipal Income II Michigan B Fund (AMIBX) performance details as of May 30, 2016

 

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Compare AB Municipal Income II Michigan B Fund (AMIBX)Compare with other top Muni Single State Interm category mutual funds

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FundYear to Date1 Year3 year5 year
AB Municipal Income II Michigan B2.726.072.753.13
Colorado BondShares A Tax-Exempt (HICOX)1.484.444.014.58Compare
Dupree AL Tax-Free Income (DUALX)2.194.793.834.99Compare
Aquila Tax-Free Fund For Utah A (UTAHX)2.314.744.085.08Compare

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Graph of AB Municipal Income II Michigan B Fund (AMIBX) Net Asset TrackingAB Municipal Income II Michigan B (AMIBX) Fund Net Asset

Track net asset change of AB Municipal Income II Michigan B fund (AMIBX)

DateNet Asset
05/2016$56.62M
03/2016$56.27M
02/2016$56.20M
More historic net asset information on AB Municipal Income II Michigan B Fund (AMIBX)

  

Graph of AB Municipal Income II Michigan B Fund (AMIBX) Portfolio TrackingAB Municipal Income II Michigan B (AMIBX) Fund Portfolio Allocation

Track portfolio allocation change of AB Municipal Income II Michigan B fund (AMIBX)

DateCashStockBondOther
04/20161.12%0%98.88%0%
02/20162.46%0%97.54%0%
12/20154.51%0%95.49%0%
Click here to see more historic asset allocation information on AB Municipal Income II Michigan B Fund (AMIBX)

 

graph of AB Municipal Income II Michigan B Fund (AMIBX) Top 10 Position TrackingTop 10 Holdings in AB Municipal Income II Michigan B (AMIBX) Fund

Discover what AB Municipal Income II Michigan B Fund (AMIBX) manager is buying

Apr 29, 2016
Michigan St Bldg Auth 5% [4.79%]
Detroit Mich City Sch Dist 5% [4.71%]
Michigan St Grant Ant 5.25% [4.7%]
Michigan St Strategic Fd Ltd O Ltd 5.25% [4.42%]
Michigan St Univ Revs Formerly Gen Re 5% [4.2%]
Michigan St Hsg Dev Auth 5.3% [4.03%]
Detroit Mich Wtr & Sew Dept Se Rev An 5% [4%]
Detroit Mich Distribut 5% [3.79%]
Puerto Rico Indl Tourist Edl M Re 6.125% [3.77%]
Michigan Pub Pwr Agy Rev Rev Bds 5% [3.68%]

Feb 28, 2016
Michigan St Grant Ant 5.25% [4.71%]
Michigan St Bldg Auth 5% [4.69%]
Detroit Mich City Sch Dist 5% [4.63%]
Michigan St Strategic Fd Ltd O Ltd 5.25% [4.37%]
Michigan St Univ Revs Formerly Gen Re 5% [4.07%]
Michigan St Hsg Dev Auth 5.3% [4.01%]
Detroit Mich Wtr & Sew Dept Se Rev An 5% [3.94%]
Detroit Mich Distribut 5% [3.79%]
Puerto Rico Indl Tourist Edl M Re 6.125% [3.71%]
Michigan Pub Pwr Agy Rev Rev Bds 5% [3.63%]

Dec 30, 2015
Michigan St Grant Ant 5.25% [4.82%]
Michigan St Bldg Auth 5% [4.76%]
Detroit Mich City Sch Dist 5% [4.69%]
Michigan St Strategic Fd Ltd O Ltd 5.25% [4.44%]
Michigan St Univ Revs Formerly Gen Re 5% [4.15%]
Michigan St Hsg Dev Auth 5.3% [4.08%]
Detroit Mich Wtr & Sew Dept Se Rev An 5% [4%]
Detroit Mich Distribut 5% [3.81%]
Puerto Rico Indl Tourist Edl M Re 6.125% [3.7%]
Michigan Pub Pwr Agy Rev Rev Bds 5% [3.69%]
Click here for Stock Holding Change Map in AB Municipal Income II Michigan B Fund (AMIBX)

  

Latest News on AB Municipal Income II Michigan B (AMIBX) Fund

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