Mutual Fund Insights: Bernstein Short Duration CA Municipal Fund (SDCMX)

In-depth Analysis of Bernstein Short Duration CA Municipal Fund (SDCMX)

3 months 6 months 1 year 3 year 5 year

See Bernstein Short Duration CA Municipal Fund (SDCMX) performance details as of February 28, 2010

  

Last Trade: $12.62 on 3/19/2010, Change: 0.00 (0%)

  

Fund Manager - Michael S. Brooks

Fund Manager Tenure: 10.2 years
Fundmojo Fund Grade: D (Score: 0.49)     (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 Bernstein Short Duration CA Municipal Fund (SDCMX)

Data for Bernstein Short Duration CA Municipal Fund (SDCMX) as of February 28, 2010

• Bernstein Short Duration CA Municipal Fund (SDCMX) management has been with Bernstein Short Duration CA Municipal Fund for 10.2 years
• Bernstein Short Duration CA Municipal Fund (SDCMX) ratio of up-years vs down years is greater than 2
• Bernstein Short Duration CA Municipal Fund (SDCMX) is less volatile than its peers as it has a 3-year Standard Deviation of 1.3, lower than category average of 5.03
• Bernstein Short Duration CA Municipal Fund (SDCMX) has a lower management fee than its Muni California Int/Sh average: 0.65% vs 0.86%
• Bernstein Short Duration CA Municipal Fund (SDCMX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Bernstein Short Duration CA Municipal Fund (SDCMX)

Data for Bernstein Short Duration CA Municipal Fund (SDCMX) as of February 28, 2010

• Bernstein Short Duration CA Municipal Fund is a focused fund with 41.05% of the portfolio on top 10 securities. This tends to produce more volatility compared to a diversified fund. See fund top 10 holdings.
• Bernstein Short Duration CA Municipal Fund (SDCMX) has a less-than-ideal short-term performance (1-year return 2.99% vs 7.83 % Muni California Int/Sh category average)
• Bernstein Short Duration CA Municipal Fund (SDCMX) has a less-than-ideal mid-term performance (3-year return 3.31% vs 3.33 % Muni California Int/Sh category average)
• Bernstein Short Duration CA Municipal Fund (SDCMX) has a less-than-ideal Long-term performance (5-year return 2.89% vs 3.30 % Muni California Int/Sh category average)
• Bernstein Short Duration CA Municipal Fund (SDCMX) has a Morningstar rating of 3 and below
• Bernstein Short Duration CA Municipal Fund (SDCMX) is less safe compared to its Muni California Int/Sh peers
• Bernstein Short Duration CA Municipal Fund (SDCMX) has an annual stock turnover rate of 52.00% that is higher than the Muni California Int/Sh average of 41.00%. This could mean Bernstein Short Duration CA Municipal is more nimble, but also signal potential high tax impact and high trading fees

See Bernstein Short Duration CA Municipal Fund (SDCMX) performance details as of February 28, 2010

  

  

Interested in other top mutual funds in similar Muni California Int/Sh category?

Below are some additional Muni California Int/Sh mutual funds generated out of our database

• See top fund managers for Muni California Int/Sh Category Funds
• Browse other funds in Muni California Int/Sh Category

  

Bernstein Short Duration CA Municipal Fund (SDCMX) Net Asset

Track net asset change of Bernstein Short Duration CA Municipal fund (SDCMX)

Date	Net Asset
02/2010	$120.50M
01/2010	$118.41M
11/2009	$119.92M

More historic net asset information on Bernstein Short Duration CA Municipal Fund (SDCMX)

  

Bernstein Short Duration CA Municipal Fund (SDCMX) Portfolio Allocation

Track portfolio allocation change of Bernstein Short Duration CA Municipal fund (SDCMX)

Date	Cash	Stock	Bond	Other
10/2009	16.22%	0%	83.78%	0%
08/2009	13.31%	0%	86.69%	0%
07/2009	11.63%	0%	88.37%	0%

Click here to see more historic asset allocation information on Bernstein Short Duration CA Municipal Fund (SDCMX)

  

Most Recent Top 10 Holdings in Bernstein Short Duration CA Municipal Fund (SDCMX)

Discover what Bernstein Short Duration CA Municipal Fund (SDCMX) manager is buying

31-Oct-09 Federal Hm Ln Bks [8.14%] Tobacco Settlement Fing Corp N Ass 5.75% [4.02%] San Diego Cnty Calif Wtr Auth [3.9%] California Edl Facs Auth [3.8%] Badger Tob Asset Securitizatio As 6.375% [3.76%] San Joaquin Cnty Calif Transn Senior 5% [3.41%] M-S-R Pub Pwr Agy Calif San Ju Pub Pw 5% [3.16%] Childrens Tr Fd P R Tob Settle Ass 5.75% [2.9%] Kern Calif Cmnty College Dist 5% [2.87%] Los Angeles Cnty Calif Met Tra Sales 5% [2.8%]

31-Aug-09 Tobacco Settlement Fing Corp N Ass 5.75% [4.41%] San Diego Cnty Calif Wtr Auth [4.3%] Riverside Cnty Calif Transn Co Sales 5% [4.14%] Los Angeles Cnty Calif Pub Wks Ref Re 5% [4.04%] Sacramento Calif City Fing Aut Wtr 5.5% [3.77%] San Joaquin Cnty Calif Transn Senior 5% [3.72%] California St G.O. Bds 5.25% [3.54%] M-S-R Pub Pwr Agy Calif San Ju Pub Pw 5% [3.47%] Federal Hm Ln Bks [3.44%] Childrens Tr Fd P R Tob Settle Ass 5.75% [3.19%]

31-Jul-09 Tobacco Settlement Fing Corp N Ass 5.75% [4.27%] San Diego Cnty Calif Wtr Auth [4.15%] Riverside Cnty Calif Transn Co Sales 5% [4%] Los Angeles Cnty Calif Pub Wks Ref Re 5% [3.9%] Sacramento Calif City Fing Aut Wtr 5.5% [3.65%] San Francisco Calif Bay Area R Sa 5.125% [3.53%] San Joaquin Cnty Calif Transn Senior 5% [3.52%] California St G.O. Bds 5.25% [3.41%] Dallas Tex Wtrwks & Swr Sys Re Impt 5% [3.35%] M-S-R Pub Pwr Agy Calif San Ju Pub Pw 5% [3.34%]

Click here for Stock Holding Change Map in Bernstein Short Duration CA Municipal Fund (SDCMX)

  

Related books and products to Bernstein Short Duration CA Municipal Fund (SDCMX)

  

Latest News on Bernstein Short Duration CA Municipal (SDCMX)

See what is happening with Bernstein Short Duration CA Municipal Fund (SDCMX)

Yahoo! Finance: RSS feed not found See more news on Bernstein Short Duration CA Municipal Fund (SDCMX)

 

Books and Resources

 

 

See more information on Bernstein Short Duration CA Municipal Fund (SDCMX)

• Bernstein Short Duration CA Municipal Fund Insights
• Bernstein Short Duration CA Municipal Fund Performance Data
• Bernstein Short Duration CA Municipal Fund News
• Bernstein Short Duration CA Municipal Fund Score Explaination
• Bernstein Short Duration CA Municipal Fund Manager Information
• Historic Bernstein Short Duration CA Municipal Fund Asset Allocation Report
• Historic Bernstein Short Duration CA Municipal Fund Top 10 Holding Tracking
• Historic Bernstein Short Duration CA Municipal Fund Asset Under Management Tracking