AIDZX: AB Intermediate Diversified Municipal Portfolio - MutualFunds.com
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AB Intermediate Diversified Muni Z

AIDZX - Snapshot

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 4.0%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $6.51 B
  • Holdings in Top 10 12.7%

52 WEEK LOW AND HIGH

$14.80
$13.42
$14.98

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.39%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000,000
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Open End Mutual Fund
  • Investment Style Muni National Short

Compare AIDZX to Popular Municipal Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$14.68

-0.27%

$83.18 B

-

$0.00

-1.21%

0.17%

$11.21

-0.09%

$34.32 B

-

$0.00

-0.44%

0.17%

$13.48

-0.30%

$25.04 B

-

$0.00

-1.03%

0.52%

$15.93

0.00%

$21.38 B

-

$0.00

-0.13%

0.17%

$115.30

-0.43%

$21.13 B

-

-

-1.37%

0.07%

AIDZX - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 4.0%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    AB Intermediate Diversified Municipal Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    Jul 02, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Terrance Hults

Fund Description

The fund invests at least 80% of its net assets in municipal securities. It invests at least 80% of its total assets in municipal securities rated A, or better by national rating agencies, and comparably rated municipal notes. The fund may invest up to 20% of its total assets in fixed-income securities rated BB or B by national rating agencies, which are not investment-grade (commonly known as "junk bonds").


AIDZX - Performance

Return Ranking - Trailing

Period AIDZX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -3.4% 0.7% 18.91%
1 Yr 3.5% -1.0% 9.5% 31.95%
3 Yr 4.0%* 0.0% 10.2% 63.62%
5 Yr 2.6%* -0.4% 8.0% 71.55%
10 Yr 2.9%* -0.1% 10.8% 84.51%

* Annualized

Return Ranking - Calendar

Period AIDZX Return Category Return Low Category Return High Rank in Category (%)
2020 1.8% -2.8% 310.0% 43.53%
2019 3.3% -0.3% 15.4% 71.14%
2018 N/A -10.3% 97.2% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 96.8% N/A

Total Return Ranking - Trailing

Period AIDZX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -3.4% 0.7% 18.68%
1 Yr 3.5% -5.1% 9.5% 24.25%
3 Yr 4.0%* -2.0% 10.2% 50.12%
5 Yr 2.6%* -1.6% 8.0% 61.34%
10 Yr 2.9%* -0.1% 10.8% 83.08%

* Annualized

Total Return Ranking - Calendar

Period AIDZX Return Category Return Low Category Return High Rank in Category (%)
2020 1.8% -2.8% 310.0% 43.53%
2019 3.3% -0.3% 15.4% 71.32%
2018 N/A -10.3% 11.0% N/A
2017 N/A -100.0% 7.6% N/A
2016 N/A -7.9% 3.0% N/A

NAV & Total Return History


AIDZX - Holdings

Concentration Analysis

AIDZX Category Low Category High AIDZX % Rank
Net Assets 6.51 B 100 83.2 B 4.90%
Number of Holdings 926 3 11152 10.98%
Net Assets in Top 10 791 M -192 M 4.18 B 1.99%
Weighting of Top 10 12.71% 2.5% 100.0% 74.36%

Top 10 Holdings

  1. PENNSYLVANIA ST 5% 2.09%
  2. METROPOLITAN TRANSN AUTH N Y REV 5% 1.66%
  3. GRAND PKWY TRANSN CORP TEX 5% 1.48%
  4. SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 4% 1.24%
  5. METROPOLITAN TRANSN AUTH N Y REV 5% 1.20%
  6. United States Treasury Notes 0.62% 1.16%
  7. CENTRAL PLAINS ENERGY PROJ NEB GAS PROJ REV 5% 1.04%
  8. ILLINOIS ST 5% 0.98%
  9. CALIFORNIA ST 5% 0.93%
  10. MICHIGAN FIN AUTH REV 5% 0.92%

Asset Allocation

Weighting Return Low Return High AIDZX % Rank
Bonds
99.55% 66.96% 147.73% 31.21%
Cash
0.44% -47.72% 33.04% 66.33%
Stocks
0.00% 0.00% 2.07% 7.05%
Preferred Stocks
0.00% -0.95% 1.06% 2.79%
Other
0.00% -13.58% 13.72% 7.45%
Convertible Bonds
0.00% -0.42% 1.32% 2.90%

Bond Sector Breakdown

Weighting Return Low Return High AIDZX % Rank
Municipal
97.05% 46.63% 100.00% 65.02%
Government
2.10% 0.00% 50.01% 1.08%
Cash & Equivalents
0.44% 0.00% 33.04% 67.35%
Securitized
0.33% 0.00% 6.51% 0.91%
Corporate
0.07% 0.00% 15.75% 11.55%
Derivative
0.00% 0.00% 0.85% 2.67%

Bond Geographic Breakdown

Weighting Return Low Return High AIDZX % Rank
US
98.94% 66.25% 141.36% 22.53%
Non US
0.61% 0.00% 26.53% 56.26%

AIDZX - Expenses

Operational Fees

AIDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.39% 0.01% 16.95% 92.48%
Management Fee 0.35% 0.00% 1.10% 22.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

AIDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

AIDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AIDZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 299.40% 47.35%

AIDZX - Distributions

Dividend Yield Analysis

AIDZX Category Low Category High AIDZX % Rank
Dividend Yield 0.00% 0.00% 1.86% 8.74%

Dividend Distribution Analysis

AIDZX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

AIDZX Category Low Category High AIDZX % Rank
Net Income Ratio 2.34% -1.65% 6.48% 50.40%

Capital Gain Distribution Analysis

AIDZX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

AIDZX - Fund Manager Analysis

Managers

Terrance Hults


Start Date

Tenure

Tenure Rank

Dec 31, 2002

18.1

18.1%

Terrance T. Hults is a member of the Tax-Exempt Fixed-Income Investment Policy Group. Prior to joining the firm, he was an associate in the Municipal Derivative Products department at Merrill Lynch Capital Markets, where he specialized in securities arbitrage. These transactions involved issuers and investors, as well as proprietary trading and utilized futures, options, interest-rate swaps, and other over-the-counter derivative structures. Mr. Hults received a BA in economics from Williams College and an MBA in finance from Columbia University. Location: New York

Matthew Norton


Start Date

Tenure

Tenure Rank

Jan 28, 2016

5.01

5.0%

Matthew Norton is a Senior Vice President and Co-Head of Municipal Portfolio Management, responsible for overseeing municipal bond investing at AB. He is also a member of the Municipal Impact Investment Policy Group. Previously, Mr. Norton was a portfolio manager on the Municipal Bond team. He joined AB in 2005, focusing primarily on research in tax-exempt and taxable fixed-income markets. Prior to joining the firm, Mr. Norton worked as a statistical research analyst at St. Lawrence University, evaluating the accuracy of biometric devices. He holds a BS in economics and mathematics from St. Lawrence University and an MBA in economics and quantitative finance from the Leonard N. Stern School of Business at New York University. Location: New York

Andrew Potter


Start Date

Tenure

Tenure Rank

Jan 26, 2018

3.02

3.0%

Andrew Potter is a Vice President and Portfolio Manager on the Municipal Bond team, which oversees tax-exempt investing at AllianceBernstein. He joined the team in 2007 as an associate portfolio manager (APM), responsible for monitoring risk exposures and implementing investment strategy across the firm’s tax-aware fixed-income platform. In 2013, Mr. Potter took on additional responsibility as supervisor for the team’s APMs. He moved into his current role in 2015, shifting his focus toward developing portfolio strategy. Mr. Potter holds a BA in physics with a minor in economics from Colgate University. He is a CFA charterholder and a member of the CFA Society New York. Location: New York

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 35.86 7.0 0.25