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Bernstein CA Municipal (SNCAX) Fund Ranking and Research

Ranking, Research and Recommendation of Bernstein CA Municipal (SNCAX) Fund

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

 

Graph of Bernstein CA Municipal Fund (SNCAX) ManagerFund Manager - Robert B. (Guy) Davidson

Fund Manager Information

Fund Manager Tenure: 29.1 years
Fund Family: AllianceBernstein
Fund Category: Muni Single State Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.63)     (What does this score mean?)
Davidson joined Bernstein as director of the municipal bond department in 1992. Prior to that, he was vice president and head of municipal strategies at JP Morgan Securities, and from 1983 to 1985, he was an associate economist at Lehman Brothers. Davidson is the author of several articles and was named to the Institutional Investor All-America Research Team in 1992.  Get more insights on Robert B. (Guy) Davidson

 

Graph of Bernstein CA Municipal Fund (SNCAX) ProfileBernstein CA Municipal Fund (SNCAX) Profile

Fund Profile and Description

Bernstein CA Municipal Fund seeks safety of principal and maximizes total return after taking account of federal and state taxes for California residents. Bernstein CA Municipal Fund normally invests at least 80% of assets in municipal securities rated A or better by national rating agencies and comparably rated municipal notes. It may invest up to 20% of assets in fixed-income securities rated BB or B by national rating agencies, which are not investment-grade. Bernstein CA Municipal Fund normally seeks to maintain an effective duration of three and one-half to seven years. It is non-diversified.

 

Bernstein CA Municipal (SNCAX) Fund Strength What we like about Bernstein CA Municipal (SNCAX) Fund

Data for Bernstein CA Municipal Fund (SNCAX) as of May 30, 2016

  • Bernstein CA Municipal Fund (SNCAX) management has been with Bernstein CA Municipal Fund for 29.1 years
  • Bernstein CA Municipal Fund (SNCAX) has good short-term performance (1-year return 3.68% vs 2.34% Muni Single State Short category median performance)
  • Bernstein CA Municipal Fund (SNCAX) has good mid-term performance (3-year return 2.07% vs 1.15% Muni Single State Short category median performance)
  • Bernstein CA Municipal Fund (SNCAX) has good Long-term performance (5-year return 2.72% vs 2.01% Muni Single State Short category median performance)
  • Bernstein CA Municipal Fund (SNCAX) ratio of up-years vs down years is greater than 2
  • Bernstein CA Municipal Fund (SNCAX) has a Morningstar rating of 4 and above
  • Asset base in Bernstein CA Municipal Fund (SNCAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Bernstein CA Municipal Fund (SNCAX) has an annual stock turnover rate of 16.00% vs Muni Single State Short average of 20.02%. It is good that Bernstein CA Municipal management does not trade extensively for its return.
  • Bernstein CA Municipal Fund (SNCAX) has a lower expense ratio than its Muni Single State Short average: 0.63% vs 0.85%
  • Bernstein CA Municipal Fund (SNCAX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Bernstein CA Municipal Fund (SNCAX) Weakness What we are cautious about Bernstein CA Municipal (SNCAX) Fund

Data for Bernstein CA Municipal Fund (SNCAX) as of May 30, 2016

  • Bernstein CA Municipal Fund (SNCAX) is less safe compared to its Muni Single State Short peers
  • Bernstein CA Municipal Fund (SNCAX) is more volatile than its peers as it has a 3-year Standard Deviation of 2.35 that is higher than category average of 2.07
See Bernstein CA Municipal Fund (SNCAX) performance details as of May 30, 2016

 

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Compare Bernstein CA Municipal Fund (SNCAX)Compare with other top Muni Single State Short category mutual funds

Aadditional top Muni Single State Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Bernstein CA Municipal1.663.682.072.72
Thornburg CA Limited-Term Muni A (LTCAX)1.052.662.102.87Compare
Wells Fargo Advantage CA Ltd-Term T/F Ad (SCTIX)1.382.912.443.00Compare
Fidelity California Ltd Trm Tax-Free Bd (FCSTX)1.062.551.952.26Compare

See top fund managers for Muni Single State Short Category Funds

 

Graph of Bernstein CA Municipal Fund (SNCAX) Net Asset TrackingBernstein CA Municipal (SNCAX) Fund Net Asset

Track net asset change of Bernstein CA Municipal fund (SNCAX)

DateNet Asset
05/2016$1.21B
03/2016$1.20B
02/2016$1.19B
More historic net asset information on Bernstein CA Municipal Fund (SNCAX)

  

Graph of Bernstein CA Municipal Fund (SNCAX) Portfolio TrackingBernstein CA Municipal (SNCAX) Fund Portfolio Allocation

Track portfolio allocation change of Bernstein CA Municipal fund (SNCAX)

DateCashStockBondOther
04/20164.26%0%95.05%0.69%
02/20166.61%0%93.39%0%
12/20157.67%0%92.33%0%
Click here to see more historic asset allocation information on Bernstein CA Municipal Fund (SNCAX)

 

graph of Bernstein CA Municipal Fund (SNCAX) Top 10 Position TrackingTop 10 Holdings in Bernstein CA Municipal (SNCAX) Fund

Discover what Bernstein CA Municipal Fund (SNCAX) manager is buying

Apr 29, 2016
California St Econ Recover Economic 5% [2.14%]
California Infrasct & Ec Rev Bds 5% [2.07%]
California St Go Bds 5% [2.02%]
Los Angeles Calif Uni Sch Dist 5% [1.99%]
San Diego Calif Pub Facs Fing Sewer 5% [1.88%]
California St Dept Wtr Res Pwr Rev Bd 5% [1.85%]
Los Angeles Calif Dept Arpts A Senior 5% [1.76%]
California St Univ Rev Systemwid 5% [1.75%]
California St For Previous Iss Go 0.57% [1.74%]

Feb 28, 2016
US Treasury Note 1.625% [3.62%]
California St Econ Recover Economic 5% [2.15%]
California Infrasct & Ec Rev Bds 5% [2.09%]
California St Go Bds 5% [2.03%]
San Diego Calif Pub Facs Fing Sewer 5% [1.9%]
California St Dept Wtr Res Pwr Rev Bd 5% [1.86%]
Los Angeles Calif Dept Arpts A Senior 5% [1.76%]
California St For Previous Iss Go 0.57% [1.75%]
California St Univ Rev Systemwid 5% [1.72%]

Dec 30, 2015
California St Econ Recover Economic 5% [2.22%]
California Infrasct & Ec Rev Bds 5% [2.13%]
California St Go Bds 5% [2.08%]
San Diego Calif Pub Facs Fing Sewer 5% [1.96%]
California St Dept Wtr Res Pwr Rev Bd 5% [1.93%]
Los Angeles Calif Dept Arpts A Senior 5% [1.81%]
California St For Previous Iss Go 0.57% [1.79%]
California St Univ Rev Systemwid 5% [1.75%]
New Jersey St Transn Tr Fd Aut Trans 5% [1.64%]
Click here for Stock Holding Change Map in Bernstein CA Municipal Fund (SNCAX)

  

Latest News on Bernstein CA Municipal (SNCAX) Fund

See what is happening with Bernstein CA Municipal Fund (SNCAX)

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Bernstein CA Municipal Fund (SNCAX) Related ResourcesSee more information on Bernstein CA Municipal (SNCAX) Fund

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