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Bernstein Diversified Municipal (SNDPX) Fund Ranking and Research

Ranking, Research and Recommendation of Bernstein Diversified Municipal (SNDPX) Fund

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

 

Graph of Bernstein Diversified Municipal Fund (SNDPX) ManagerFund Manager - Robert B. (Guy) Davidson

Fund Manager Information

Fund Manager Tenure: 30.1 years
Fund Family: AllianceBernstein
Fund Category: Muni National Short
Fund Performance: May 30, 2016
Fundmojo Fund Grade: B (Score: 0.65)     (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 Diversified Municipal Fund (SNDPX) ProfileBernstein Diversified Municipal Fund (SNDPX) Profile

Fund Profile and Description

Bernstein Diversified Municipal Fund seeks safety of principal and maximum total return after taking account of federal taxes. Bernstein Diversified 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 invests no more than 25% of assets in any one state. Bernstein Diversified Municipal Fund seeks to maintain an effective duration of three and one-half to seven years under normal market conditions.

 

Bernstein Diversified Municipal (SNDPX) Fund Strength What we like about Bernstein Diversified Municipal (SNDPX) Fund

Data for Bernstein Diversified Municipal Fund (SNDPX) as of May 30, 2016

  • Bernstein Diversified Municipal Fund (SNDPX) management has been with Bernstein Diversified Municipal Fund for 30.1 years
  • Bernstein Diversified Municipal Fund (SNDPX) has good short-term performance (1-year return 3.69% vs 1.39% Muni National Short category median performance)
  • Bernstein Diversified Municipal Fund (SNDPX) has good mid-term performance (3-year return 2.18% vs 0.80% Muni National Short category median performance)
  • Bernstein Diversified Municipal Fund (SNDPX) has good Long-term performance (5-year return 2.73% vs 1.38% Muni National Short category median performance)
  • Bernstein Diversified Municipal Fund (SNDPX) ratio of up-years vs down years is greater than 2
  • Bernstein Diversified Municipal Fund (SNDPX) has a Morningstar rating of 4 and above
  • Asset base in Bernstein Diversified Municipal Fund (SNDPX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Bernstein Diversified Municipal Fund (SNDPX) has an annual stock turnover rate of 15.00% vs Muni National Short average of 25.33%. It is good that Bernstein Diversified Municipal management does not trade extensively for its return.
  • Bernstein Diversified Municipal Fund (SNDPX) has a lower expense ratio than its Muni National Short average: 0.55% vs 0.71%
  • Bernstein Diversified Municipal Fund (SNDPX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Bernstein Diversified Municipal Fund (SNDPX) Weakness What we are cautious about Bernstein Diversified Municipal (SNDPX) Fund

Data for Bernstein Diversified Municipal Fund (SNDPX) as of May 30, 2016

  • Bernstein Diversified Municipal Fund (SNDPX) is less safe compared to its Muni National Short peers
  • Bernstein Diversified Municipal Fund (SNDPX) is more volatile than its peers as it has a 3-year Standard Deviation of 2.2 that is higher than category average of 1.26
See Bernstein Diversified Municipal Fund (SNDPX) performance details as of May 30, 2016

 

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Compare Bernstein Diversified Municipal Fund (SNDPX)Compare with other top Muni National Short category mutual funds

Aadditional top Muni National Short mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Bernstein Diversified Municipal1.673.692.182.73
Wells Fargo Advantage Strat Muni Bd Adm (VMPYX)1.413.242.513.08Compare

See top fund managers for Muni National Short Category Funds

 

Compare Bernstein Diversified Municipal Fund (SNDPX)Compare with Muni National Short category ETFs

Some Muni National Short ETFs for your consideration

ETFYear to DateOne YearThree Year
Market Vectors Short Municipal ETF (SMB)1.00%2.60%1.17%
Market Vectors Pre-Refunded Muni ETF (PRB)0.80%2.12%0.37%
PIMCO Short Term Municipal Bond Actv ETF (SMMU)0.82%1.71%0.80%
iShares ST National AMTFree Muni Bnd (SUB)000
SPDR Nuveen Barclays ST Muni Bd ETF (SHM)000

 

Graph of Bernstein Diversified Municipal Fund (SNDPX) Net Asset TrackingBernstein Diversified Municipal (SNDPX) Fund Net Asset

Track net asset change of Bernstein Diversified Municipal fund (SNDPX)

DateNet Asset
05/2016$6.75B
03/2016$6.73B
02/2016$6.69B
More historic net asset information on Bernstein Diversified Municipal Fund (SNDPX)

  

Graph of Bernstein Diversified Municipal Fund (SNDPX) Portfolio TrackingBernstein Diversified Municipal (SNDPX) Fund Portfolio Allocation

Track portfolio allocation change of Bernstein Diversified Municipal fund (SNDPX)

DateCashStockBondOther
04/201611.24%0%88.76%0%
02/201611.11%0%88.68%0.21%
12/20159.7%0%90.18%0.12%
Click here to see more historic asset allocation information on Bernstein Diversified Municipal Fund (SNDPX)

 

graph of Bernstein Diversified Municipal Fund (SNDPX) Top 10 Position TrackingTop 10 Holdings in Bernstein Diversified Municipal (SNDPX) Fund

Discover what Bernstein Diversified Municipal Fund (SNDPX) manager is buying

Apr 29, 2016
US Treasury Note 1.625% [2.74%]
California St Dept Wtr Res Pwr Pwr Su 5% [2.11%]
Clark Cnty Nev Sch Dist 5% [1.15%]
San Antonio Tex Elec & Gas Rev Rev Re 5% [0.79%]
New Jersey St Tpk Auth 5% [0.74%]
New York St Urban Dev Corp Rev Income 5% [0.71%]
Massachusetts St Go Bds 5% [0.68%]
California St For Previous Iss Var Pu 5% [0.66%]
Municipal Elec Auth 5% [0.64%]

Feb 28, 2016
US Treasury Note 1.625% [4.45%]
California St Dept Wtr Res Pwr Pwr Su 5% [2.13%]
Clark Cnty Nev Sch Dist 5% [1.16%]
San Antonio Tex Elec & Gas Rev Rev Re 5% [0.8%]
New Jersey St Tpk Auth 5% [0.72%]
New York St Urban Dev Corp Rev Income 5% [0.7%]
Massachusetts St Go Bds 5% [0.69%]
California St For Previous Iss Var Pu 5% [0.65%]
Municipal Elec Auth 5% [0.65%]

Dec 30, 2015
California St Dept Wtr Res Pwr Pwr Su 5% [2.16%]
Clark Cnty Nev Sch Dist 5% [1.18%]
Maryland St Go Bds 5% [1.09%]
San Antonio Tex Elec & Gas Rev Rev Re 5% [0.81%]
New Jersey St Tpk Auth 5% [0.73%]
New York St Urban Dev Corp Rev Income 5% [0.71%]
Massachusetts St Go Bds 5% [0.7%]
California St For Previous Iss Var Pu 5% [0.66%]
Municipal Elec Auth 5% [0.66%]
Click here for Stock Holding Change Map in Bernstein Diversified Municipal Fund (SNDPX)

  

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