Mutual Fund Insights: Bernstein CA Municipal Fund (SNCAX)

In-depth Analysis of Bernstein CA Municipal Fund (SNCAX)

3 months 6 months 1 year 3 year 5 year

See Bernstein CA Municipal Fund (SNCAX) performance details as of January 31, 2010

  

Last Trade: $14.58 on 3/18/2010, Change: -0.01 (-0.07%)

  

Fund Manager - R.B. Davidson III

Fund Manager Tenure: 15.5 years
Fundmojo Fund Grade: B (Score: 0.69)     (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 R.B. Davidson III

  

 What we like about Bernstein CA Municipal Fund (SNCAX)

Data for Bernstein CA Municipal Fund (SNCAX) as of January 31, 2010

• Bernstein CA Municipal Fund (SNCAX) management has been with Bernstein CA Municipal Fund for 15.5 years
• Bernstein CA Municipal Fund (SNCAX) has good mid-term performance (3-year return 4.45% vs 3.31% Muni California Interm/Short category average)
• Bernstein CA Municipal Fund (SNCAX) has good Long-term performance (5-year return 3.48% vs 3.02% Muni California Interm/Short category average)
• Bernstein CA Municipal Fund (SNCAX) ratio of up-years vs down years is greater than 2
• Bernstein CA Municipal Fund (SNCAX) has an annual stock turnover rate of 14.00% vs Muni California Interm/Short average of 40.69%. It is good that Bernstein CA Municipal management does not trade extensively for its return.
• Bernstein CA Municipal Fund (SNCAX) is less volatile than its peers as it has a 3-year Standard Deviation of 3.89, lower than category average of 5.03
• Bernstein CA Municipal Fund (SNCAX) has a lower management fee than its Muni California Interm/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

  

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

Data for Bernstein CA Municipal Fund (SNCAX) as of January 31, 2010

• Bernstein CA Municipal Fund (SNCAX) has a less-than-ideal short-term performance (1-year return 4.91% vs 6.78% Muni California Interm/Short category average)
• Bernstein CA Municipal Fund (SNCAX) has a Morningstar rating of 3 and below

See Bernstein CA Municipal Fund (SNCAX) performance details as of January 31, 2010

  

  

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Bernstein CA Municipal Fund (SNCAX) Net Asset

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

Date	Net Asset
01/2010	$1.20B
11/2009	$1.18B
10/2009	$1.16B

More historic net asset information on Bernstein CA Municipal Fund (SNCAX)

  

Bernstein CA Municipal Fund (SNCAX) Portfolio Allocation

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

Date	Cash	Stock	Bond	Other
10/2009	0.52%	0%	99.48%	0%
08/2009	0.81%	0%	99.19%	0%
07/2009	0.57%	0%	99.43%	0%

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

  

Most Recent Top 10 Holdings in Bernstein CA Municipal Fund (SNCAX)

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

31-Oct-09 Golden St Tob Securitization C Asse 5.5% [2.64%] Bay Area Infrasct Fing A State Pay 5% [2.64%] California Statewide Cmntys De Insd Hlth [2.41%] California St Dept Wtr Res Pwr Rev Bd 5% [2.03%] Golden St Tob Securitization C Ass 6.25% [1.97%] California St Econ Recover Economic 5% [1.87%] California St Dept Wtr Res Pwr Rev Bd 5% [1.87%] San Diego Calif Pub Facs Fing Sewer 5% [1.81%] California St Econ Recover Double 5.25% [1.64%] Golden St Tob Securitization C As 5.625% [1.52%]

31-Aug-09 California Statewide Cmntys De Insd Hlth [3.66%] Golden St Tob Securitization C Asse 5.5% [2.81%] Bay Area Infrasct Fing A State Pay 5% [2.74%] California St Dept Wtr Res Pwr Rev Bd 5% [2.18%] Golden St Tob Securitization C Ass 6.25% [2.09%] California St Dept Wtr Res Pwr Rev Bd 5% [2.01%] California St Econ Recover Double 5.25% [1.74%] Golden St Tob Securitization C As 5.625% [1.62%] California St Econ Recover Double 5.25% [1.54%] Orange Cnty Calif Pub Fing Aut Lease 5% [1.52%]

31-Jul-09 California Statewide Cmntys De Insd Hlth [3.72%] Golden St Tob Securitization C Asse 5.5% [2.87%] Bay Area Infrasct Fing A State Pay 5% [2.75%] California St Dept Wtr Res Pwr Rev Bd 5% [2.23%] Golden St Tob Securitization C Ass 6.25% [2.14%] California St Dept Wtr Res Pwr Rev Bd 5% [2%] California St Econ Recover Double 5.25% [1.76%] Golden St Tob Securitization C As 5.625% [1.65%] California St Econ Recover Double 5.25% [1.55%] Orange Cnty Calif Pub Fing Aut Lease 5% [1.51%]

Click here for Stock Holding Change Map in Bernstein CA Municipal Fund (SNCAX)

  

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See more information on Bernstein CA Municipal Fund (SNCAX)

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