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AB Municipal Income II New Jersey B (ANJBX) Fund Ranking and Research

Ranking, Research and Recommendation of AB Municipal Income II New Jersey B (ANJBX) Fund

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Graph of AB Municipal Income II New Jersey B Fund (ANJBX) ManagerFund Manager - Terrance T. Hults

Fund Manager Information

Fund Manager Tenure: 23.9 years
Similar Funds: ANJAX  ANJCX 
Fund Family: AllianceBernstein
Fund Category: Muni New Jersey
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 New Jersey B Fund (ANJBX) ProfileAB Municipal Income II New Jersey B Fund (ANJBX) Profile

Fund Profile and Description

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

Data for AB Municipal Income II New Jersey B Fund (ANJBX) as of May 30, 2016

  • AB Municipal Income II New Jersey B Fund (ANJBX) management has been with AB Municipal Income II New Jersey B Fund for 23.9 years
  • AB Municipal Income II New Jersey B Fund (ANJBX) ratio of up-years vs down years is greater than 2
  • Asset base in AB Municipal Income II New Jersey B Fund (ANJBX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • AB Municipal Income II New Jersey B Fund (ANJBX) has an annual stock turnover rate of 2.00% vs Muni New Jersey average of 12.84%. It is good that AB Municipal Income II New Jersey B management does not trade extensively for its return.
  • AB Municipal Income II New Jersey B Fund (ANJBX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.42, lower than category average of 4.26

AB Municipal Income II New Jersey B Fund (ANJBX) Weakness What we are cautious about AB Municipal Income II New Jersey B (ANJBX) Fund

Data for AB Municipal Income II New Jersey B Fund (ANJBX) as of May 30, 2016

  • AB Municipal Income II New Jersey B Fund (ANJBX) has a less-than-ideal short-term performance (1-year return 5.47% vs 5.85% Muni New Jersey category median performance)
  • AB Municipal Income II New Jersey B Fund (ANJBX) has a less-than-ideal mid-term performance (3-year return 2.53% vs 3.26% Muni New Jersey category median performance)
  • AB Municipal Income II New Jersey B Fund (ANJBX) has a less-than-ideal Long-term performance (5-year return 3.89% vs 5.02% Muni New Jersey category median performance)
  • AB Municipal Income II New Jersey B Fund (ANJBX) has a Morningstar rating of 3 and below
  • AB Municipal Income II New Jersey B Fund (ANJBX) is less safe compared to its Muni New Jersey peers
  • AB Municipal Income II New Jersey B Fund (ANJBX) has a higher expense ratio of 1.57% than its Muni New Jersey average of 0.85%
  • AB Municipal Income II New Jersey B Fund (ANJBX) carries a 3% load
See AB Municipal Income II New Jersey B Fund (ANJBX) performance details as of May 30, 2016

 

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Compare AB Municipal Income II New Jersey B Fund (ANJBX)Compare with other top Muni New Jersey category mutual funds

Aadditional top Muni New Jersey mutual funds for your consideration

FundYear to Date1 Year3 year5 year
AB Municipal Income II New Jersey B2.755.472.533.89
Nuveen NJ Municipal Bond A (NNJAX)3.717.274.386.06Compare

See top fund managers for Muni New Jersey Category Funds

 

Graph of AB Municipal Income II New Jersey B Fund (ANJBX) Net Asset TrackingAB Municipal Income II New Jersey B (ANJBX) Fund Net Asset

Track net asset change of AB Municipal Income II New Jersey B fund (ANJBX)

DateNet Asset
05/2016$117.57M
03/2016$115.98M
02/2016$115.87M
More historic net asset information on AB Municipal Income II New Jersey B Fund (ANJBX)

  

Graph of AB Municipal Income II New Jersey B Fund (ANJBX) Portfolio TrackingAB Municipal Income II New Jersey B (ANJBX) Fund Portfolio Allocation

Track portfolio allocation change of AB Municipal Income II New Jersey B fund (ANJBX)

DateCashStockBondOther
04/20161.13%0%98.86%0.01%
02/20161.61%0%98.3%0.09%
12/20151.3%0%98.61%0.09%
Click here to see more historic asset allocation information on AB Municipal Income II New Jersey B Fund (ANJBX)

 

graph of AB Municipal Income II New Jersey B Fund (ANJBX) Top 10 Position TrackingTop 10 Holdings in AB Municipal Income II New Jersey B (ANJBX) Fund

Discover what AB Municipal Income II New Jersey B Fund (ANJBX) manager is buying

Apr 29, 2016
North Hudson Sew Auth [6.49%]
New Jersey St Tpk Auth 5% [4.96%]
New Jersey St Edl Facs Auth 5% [4.87%]
Rutgers St Univ N J Go Ref Bd 5% [4.49%]
Union Cnty N J Utils Auth 5.25% [4.2%]
Port Auth 5% [4.16%]
New Jersey St Edl Facs Auth 5.5% [4.1%]
Delaware Riv Port Auth 5% [3.77%]
New Jersey Econ Dev Auth 5% [3.6%]

Feb 28, 2016
North Hudson Sew Auth [6.64%]
New Jersey St Edl Facs Auth 5% [5.05%]
New Jersey St Tpk Auth 5% [5.03%]
Rutgers St Univ N J Go Ref Bd 5% [4.62%]
Union Cnty N J Utils Auth 5.25% [4.33%]
Port Auth 5% [4.3%]
New Jersey St Edl Facs Auth 5.5% [4.28%]
Delaware Riv Port Auth 5% [3.91%]
New Jersey Econ Dev Auth 5% [3.69%]

Dec 30, 2015
North Hudson Sew Auth [6.54%]
New Jersey St Edl Facs Auth 5% [5.11%]
New Jersey St Tpk Auth 5% [5.05%]
Rutgers St Univ N J Go Ref Bd 5% [4.6%]
Union Cnty N J Utils Auth 5.25% [4.35%]
New Jersey St Edl Facs Auth 5.5% [4.33%]
Port Auth 5% [4.25%]
Delaware Riv Port Auth 5% [3.89%]
New Jersey Econ Dev Auth 5% [3.72%]
Click here for Stock Holding Change Map in AB Municipal Income II New Jersey B Fund (ANJBX)

  

Latest News on AB Municipal Income II New Jersey B (ANJBX) Fund

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AB Municipal Income II New Jersey B Fund (ANJBX) Related ResourcesSee more information on AB Municipal Income II New Jersey B (ANJBX) Fund

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