Mutual Fund Insights: AllianceBern Muni Inc II PA C Fund (APACX)

In-depth Analysis of AllianceBern Muni Inc II PA C Fund (APACX)

3 months 6 months 1 year 3 year 5 year

See AllianceBern Muni Inc II PA C Fund (APACX) performance details as of February 28, 2010

  

Last Trade: $10.27 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Michael S. Brooks

Fund Manager Tenure: 7.2 years   [Similar Funds: APAAX  APABX ]
Fundmojo Fund Grade: B (Score: 0.6)     (What does this score mean?)

Michael S. Brooks is the senior vice president Manager of AllianceBernstein, with which Michael S. Brooks has been associated since prior to 2002.  Get more insights on Michael S. Brooks

  

 What we like about AllianceBern Muni Inc II PA C Fund (APACX)

Data for AllianceBern Muni Inc II PA C Fund (APACX) as of February 28, 2010

• AllianceBern Muni Inc II PA C Fund (APACX) management has been with AllianceBern Muni Inc II PA C Fund for 7.2 years
• AllianceBern Muni Inc II PA C Fund (APACX) ratio of up-years vs down years is greater than 2
• AllianceBern Muni Inc II PA C Fund (APACX) has an annual stock turnover rate of 9.00% vs Muni Pennsylvania average of 19.70%. It is good that AllianceBern Muni Inc II PA C management does not trade extensively for its return.
• AllianceBern Muni Inc II PA C Fund (APACX) is less volatile than its peers as it has a 3-year Standard Deviation of 5.4, lower than category average of 6.98

  

 What we are cautious about AllianceBern Muni Inc II PA C Fund (APACX)

Data for AllianceBern Muni Inc II PA C Fund (APACX) as of February 28, 2010

• AllianceBern Muni Inc II PA C Fund is a focused fund with 40.91% 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 PA C Fund (APACX) has a less-than-ideal short-term performance (1-year return 10.84% vs 12.02 % Muni Pennsylvania category average)
• AllianceBern Muni Inc II PA C Fund (APACX) has a less-than-ideal mid-term performance (3-year return 2.19% vs 2.82 % Muni Pennsylvania category average)
• AllianceBern Muni Inc II PA C Fund (APACX) has a less-than-ideal Long-term performance (5-year return 2.84% vs 3.31 % Muni Pennsylvania category average)
• AllianceBern Muni Inc II PA C Fund (APACX) has a Morningstar rating of 3 and below
• AllianceBern Muni Inc II PA C Fund (APACX) is less safe compared to its Muni Pennsylvania peers
• AllianceBern Muni Inc II PA C Fund (APACX) does not have a good risk adjusted return as its 3-year Alpha of -1.86 is worse than category average of -1.77, and its 3-year Sharpe ratio is 0.09
• AllianceBern Muni Inc II PA C Fund (APACX) has a higher management fee of 1.65% than its Muni Pennsylvania average of 1.08%
• AllianceBern Muni Inc II PA C Fund (APACX) carries a 1% load

See AllianceBern Muni Inc II PA C Fund (APACX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Muni Pennsylvania category?

Below are some additional Muni Pennsylvania mutual funds generated out of our database

• See top fund managers for Muni Pennsylvania Category Funds
• Browse other funds in Muni Pennsylvania Category

  

AllianceBern Muni Inc II PA C Fund (APACX) Net Asset

Track net asset change of AllianceBern Muni Inc II PA C fund (APACX)

Date	Net Asset
02/2010	$135.89M
01/2010	$27.68M
11/2009	$28.27M

More historic net asset information on AllianceBern Muni Inc II PA C Fund (APACX)

  

AllianceBern Muni Inc II PA C Fund (APACX) Portfolio Allocation

Track portfolio allocation change of AllianceBern Muni Inc II PA C fund (APACX)

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 PA C Fund (APACX)

  

Most Recent Top 10 Holdings in AllianceBern Muni Inc II PA C Fund (APACX)

Discover what AllianceBern Muni Inc II PA C Fund (APACX) manager is buying

31-Oct-09 Philadelphia Pa Auth 5.25% [6.47%] Allegheny Cnty Pa San Auth 5% [5.67%] Coatesville Pa Area Sch Dist 5% [5.14%] State Pub Sch Bldg Auth 5.25% [4.19%] Pittsburgh Pa Go Ref Bd 5.25% [3.93%] Potter Cnty Pa Hosp Auth 6.05% [3.21%] Lehigh Northampton Pa Arpt Aut Arpt 6% [3.2%] Pennsylvania Intergovernmental Spl Ta 5% [3.18%] Southcentral Pa Gen Auth 5.25% [3.11%] Puerto Rico Comwlth Hwy & Tran Rev 5.25% [2.55%]

31-Aug-09 Philadelphia Pa Auth 5.25% [6.63%] Allegheny Cnty Pa San Auth 5% [5.82%] Coatesville Pa Area Sch Dist 5% [5.22%] State Pub Sch Bldg Auth 5.25% [4.29%] Pittsburgh Pa Go Ref Bd 5.25% [4.01%] Pennsylvania Intergovernmental Spl Ta 5% [3.25%] Southcentral Pa Gen Auth 5.25% [3.19%] Potter Cnty Pa Hosp Auth 6.05% [3.14%] Lehigh Northampton Pa Arpt Aut Arpt 6% [3.09%] Puerto Rico Comwlth Hwy & Tran Rev 5.25% [2.56%]

31-Jul-09 Philadelphia Pa Auth 5.25% [6.69%] Allegheny Cnty Pa San Auth 5% [5.85%] Coatesville Pa Area Sch Dist 5% [5.23%] State Pub Sch Bldg Auth 5.25% [4.36%] Pittsburgh Pa Go Ref Bd 5.25% [4.03%] Pennsylvania Intergovernmental Spl Ta 5% [3.24%] Southcentral Pa Gen Auth 5.25% [3.22%] Potter Cnty Pa Hosp Auth 6.05% [3.07%] Lehigh Northampton Pa Arpt Aut Arpt 6% [2.98%] Puerto Rico Comwlth Hwy & Tran Rev 5.25% [2.52%]

Click here for Stock Holding Change Map in AllianceBern Muni Inc II PA C Fund (APACX)

  

Related books and products to AllianceBern Muni Inc II PA C Fund (APACX)

  

Latest News on AllianceBern Muni Inc II PA C (APACX)

See what is happening with AllianceBern Muni Inc II PA C Fund (APACX)

Yahoo! Finance: RSS feed not found See more news on AllianceBern Muni Inc II PA C Fund (APACX)

 

Books and Resources

 

 

See more information on AllianceBern Muni Inc II PA C Fund (APACX)

• AllianceBern Muni Inc II PA C Fund Insights
• AllianceBern Muni Inc II PA C Fund Performance Data
• AllianceBern Muni Inc II PA C Fund News
• AllianceBern Muni Inc II PA C Fund Score Explaination
• AllianceBern Muni Inc II PA C Fund Manager Information
• Historic AllianceBern Muni Inc II PA C Fund Asset Allocation Report
• Historic AllianceBern Muni Inc II PA C Fund Top 10 Holding Tracking
• Historic AllianceBern Muni Inc II PA C Fund Asset Under Management Tracking