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AB Municipal Income II Minnesota B (AMNBX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Municipal Income II Minnesota B (AMNBX) Fund

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

 

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

Fund Manager Information

Fund Manager Tenure: 23.2 years
Similar Funds: AMNAX  AMNCX 
Fund Family: AllianceBernstein
Fund Category: Muni Minnesota
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.59)     (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 Minnesota B Fund (AMNBX) ProfileAB Municipal Income II Minnesota B Fund (AMNBX) Profile

Fund Profile and Description

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

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

  • AB Municipal Income II Minnesota B Fund (AMNBX) management has been with AB Municipal Income II Minnesota B Fund for 23.2 years
  • AB Municipal Income II Minnesota B Fund (AMNBX) ratio of up-years vs down years is greater than 2
  • Asset base in AB Municipal Income II Minnesota B Fund (AMNBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • AB Municipal Income II Minnesota B Fund (AMNBX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.11, lower than category average of 3.37

AB Municipal Income II Minnesota B Fund (AMNBX) Weakness What we are cautious about AB Municipal Income II Minnesota B (AMNBX) Fund

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

  • AB Municipal Income II Minnesota B Fund (AMNBX) has a less-than-ideal mid-term performance (3-year return 2.72% vs 3.37% Muni Minnesota category median performance)
  • AB Municipal Income II Minnesota B Fund (AMNBX) has a less-than-ideal Long-term performance (5-year return 3.55% vs 4.37% Muni Minnesota category median performance)
  • AB Municipal Income II Minnesota B Fund (AMNBX) has a Morningstar rating of 3 and below
  • AB Municipal Income II Minnesota B Fund (AMNBX) is less safe compared to its Muni Minnesota peers
  • AB Municipal Income II Minnesota B Fund (AMNBX) has an annual stock turnover rate of 11.00% that is higher than the Muni Minnesota average of 8.07%. This could mean AB Municipal Income II Minnesota B is more nimble, but also signal potential high tax impact and high trading fees
  • AB Municipal Income II Minnesota B Fund (AMNBX) has a higher expense ratio of 1.60% than its Muni Minnesota average of 0.96%
  • AB Municipal Income II Minnesota B Fund (AMNBX) carries a 3% load
See AB Municipal Income II Minnesota B Fund (AMNBX) performance details as of May 30, 2016

 

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Compare AB Municipal Income II Minnesota B Fund (AMNBX)Compare with other top Muni Minnesota category mutual funds

Aadditional top Muni Minnesota mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AB Municipal Income II Minnesota B2.304.552.723.55
Columbia Minnesota Tax-Exempt A (IMNTX)2.475.734.155.39Compare
Delaware MN High-Yield Muni Bd A (DVMHX)2.264.973.675.22Compare
Columbia Minnesota Tax-Exempt Z (CMNZX)2.765.994.415.65Compare

See top fund managers for Muni Minnesota Category Funds

 

Graph of AB Municipal Income II Minnesota B Fund (AMNBX) Net Asset TrackingAB Municipal Income II Minnesota B (AMNBX) Fund Net Asset

Track net asset change of AB Municipal Income II Minnesota B fund (AMNBX)

DateNet Asset
05/2016$83.41M
03/2016$82.46M
02/2016$81.93M
More historic net asset information on AB Municipal Income II Minnesota B Fund (AMNBX)

  

Graph of AB Municipal Income II Minnesota B Fund (AMNBX) Portfolio TrackingAB Municipal Income II Minnesota B (AMNBX) Fund Portfolio Allocation

Track portfolio allocation change of AB Municipal Income II Minnesota B fund (AMNBX)

DateCashStockBondOther
04/20162.08%0%97.92%0%
02/20160%0%98.67%1.33%
12/20150%0%99.16%0.84%
Click here to see more historic asset allocation information on AB Municipal Income II Minnesota B Fund (AMNBX)

 

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

Discover what AB Municipal Income II Minnesota B Fund (AMNBX) manager is buying

Apr 29, 2016
Hennepin Cnty Minn Sales Tax R Second 5% [4.5%]
North St Paul-Maplewood Minn I Go Ref 5% [4.28%]
Minnesota St Higher Ed Facs Au Rev Bd 5% [3.74%]
Western Minn Mun Pwr Agy Minn Rev Bds 5% [3.5%]
St Paul Minn Port Auth 5% [3.24%]
Cloquet Minn Indpt Sch Dist 5% [3.22%]
Northern Mun Pwr Agy Minn Elec Rev Bd 5% [3.14%]
Central Minn Mun Pwr Agy Rev Rev Bds 5% [3.05%]
Univ Minn Go Bds 4% [2.69%]

Feb 28, 2016
Hennepin Cnty Minn Sales Tax R Second 5% [4.47%]
North St Paul-Maplewood Minn I Go Ref 5% [4.25%]
Minnesota St Higher Ed Facs Au Rev Bd 5% [3.71%]
Western Minn Mun Pwr Agy Minn Rev Bds 5% [3.43%]
St Paul Minn Port Auth 5% [3.22%]
Cloquet Minn Indpt Sch Dist 5% [3.14%]
Northern Mun Pwr Agy Minn Elec Rev Bd 5% [3.11%]
Central Minn Mun Pwr Agy Rev Rev Bds 5% [2.95%]
Minnesota St 911 Rev 911 Rev B 5% [2.67%]

Dec 30, 2015
Hennepin Cnty Minn Sales Tax R Second 5% [4.67%]
North St Paul-Maplewood Minn I Go Ref 5% [4.46%]
Minnesota St Higher Ed Facs Au Rev Bd 5% [3.81%]
Western Minn Mun Pwr Agy Minn Rev Bds 5% [3.56%]
St Paul Minn Port Auth 5% [3.31%]
Cloquet Minn Indpt Sch Dist 5% [3.26%]
Northern Mun Pwr Agy Minn Elec Rev Bd 5% [3.2%]
Central Minn Mun Pwr Agy Rev Rev Bds 5% [3.05%]
Minnesota St 911 Rev 911 Rev B 5% [2.78%]
Click here for Stock Holding Change Map in AB Municipal Income II Minnesota B Fund (AMNBX)

  

Latest News on AB Municipal Income II Minnesota B (AMNBX) Fund

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