SIIDX: Bernstein Intermediate Duration Instl

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SIIDX Bernstein Intermediate Duration Instl

  • Fund
  • SIIDX
  • Price as of: Jan 17, 2020
  • $15.41
    - $0.01 - 0.07%

Profile

SIIDX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 1.1%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $902 M
  • Holdings in Top 10 28.5%

52 WEEK LOW AND HIGH

$15.41
$14.64
$15.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.52%

SALES FEES

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

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 1.1%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.98%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Bernstein Intermediate Duration Institutional Portfolio
  • Fund Family Name
    AllianceBernstein
  • Inception Date
    May 17, 2002
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Shawn Keegan

Fund Description

The fund seeks to maintain an average portfolio quality minimum of A, based on ratings given to the Portfolio's securities by national rating agencies. It may invest up to 25% of its total assets in fixed-income, non-U.S. Dollar denominated foreign securities, and may invest without limit in fixed-income, U.S. Dollar denominated foreign securities, in each case in developed or emerging-market countries. The fund seeks to maintain an effective duration of three to six years under normal market conditions.


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Categories

Performance

SIIDX - Performance

Return Ranking - Trailing

Period SIIDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -0.3% 3.8% 65.67%
1 Yr 5.5% -1.5% 23.2% 44.12%
3 Yr 1.1%* -5.1% 8.8% 55.49%
5 Yr -0.3%* -5.9% 6.3% 80.89%
10 Yr 0.1%* -8.6% 8.0% 81.48%

* Annualized

Return Ranking - Calendar

Period SIIDX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -1.7% 83.9% 32.67%
2018 -3.0% -12.4% 0.8% 63.54%
2017 1.1% -6.0% 17.1% 46.48%
2016 0.1% -58.1% 8.6% 37.14%
2015 -3.6% -18.3% 3.0% 87.51%

Total Return Ranking - Trailing

Period SIIDX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -0.3% 3.8% 65.67%
1 Yr 5.5% -2.6% 23.2% 40.93%
3 Yr 1.1%* -5.1% 8.8% 62.29%
5 Yr -0.3%* -5.9% 6.3% 84.78%
10 Yr 0.1%* -8.6% 8.0% 88.37%

* Annualized

Total Return Ranking - Calendar

Period SIIDX Return Category Return Low Category Return High Rank in Category (%)
2019 5.1% -1.7% 83.9% 33.29%
2018 -3.0% -11.7% 6.5% 70.80%
2017 1.1% -6.0% 27.0% 56.06%
2016 0.1% -58.1% 10.7% 43.30%
2015 -3.6% -14.6% 4.2% 92.11%

NAV & Total Return History


Holdings

SIIDX - Holdings

Concentration Analysis

SIIDX Category Low Category High SIIDX % Rank
Net Assets 902 M 688 K 249 B 43.08%
Number of Holdings 755 1 17590 21.84%
Net Assets in Top 10 258 M -203 M 24.3 B 32.17%
Weighting of Top 10 28.54% 2.3% 138.1% 32.32%

Top 10 Holdings

  1. Irs #511130 Rec Fixed 1.6225 1.623% 27/08/2021 5.80%
  2. Fnma Pass-Thru I 3.5% 4.19%
  3. Irs #511135 Rec Fixed -0.165 -.165% 30/08/2024 3.47%
  4. 2 Year Treasury Note Future Mar20 3.15%
  5. United States Treasury Notes 0.12% 2.54%
  6. Us Ultra Bond Cbt 0% 20/03/2020 2.23%
  7. United States Treasury Bonds 2.25% 2.08%
  8. Resolution Funding Corp 0% 1.79%
  9. United States Treasury Notes 0.12% 1.66%
  10. United States Treasury Bonds 4.38% 1.63%

Asset Allocation

Weighting Return Low Return High SIIDX % Rank
Bonds
109.81% 80.34% 160.64% 4.69%
Convertible Bonds
1.66% 0.00% 6.14% 10.76%
Preferred Stocks
0.14% 0.00% 7.32% 8.81%
Stocks
0.00% -17.64% 26.05% 35.94%
Other
0.00% -26.77% 31.28% 37.36%
Cash
-11.62% -60.64% 28.73% 95.31%

Bond Sector Breakdown

Weighting Return Low Return High SIIDX % Rank
Government
37.01% 0.00% 100.00% 17.93%
Securitized
28.82% 0.00% 97.31% 29.23%
Corporate
21.90% 0.00% 99.29% 39.99%
Derivative
8.49% 0.00% 24.34% 1.28%
Cash & Equivalents
3.50% -26.49% 21.73% 38.96%
Municipal
0.29% 0.00% 100.00% 65.91%

Bond Geographic Breakdown

Weighting Return Low Return High SIIDX % Rank
US
91.49% 67.16% 160.64% 55.97%
Non US
18.32% -27.08% 20.66% 1.63%

Expenses

SIIDX - Expenses

Operational Fees

SIIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.52% 0.00% 209.96% 78.20%
Management Fee 0.45% 0.00% 1.25% 67.68%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

SIIDX 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

SIIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

SIIDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 0.00% 2053.00% 64.06%

Distributions

SIIDX - Distributions

Dividend Yield Analysis

SIIDX Category Low Category High SIIDX % Rank
Dividend Yield 0.47% 0.00% 5.21% 69.59%

Dividend Distribution Analysis

SIIDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

SIIDX Category Low Category High SIIDX % Rank
Net Income Ratio 2.98% 0.00% 6.30% 28.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SIIDX - Fund Manager Analysis

Managers

Shawn Keegan


Start Date

Tenure

Tenure Rank

Oct 31, 2005

14.18

14.2%

Shawn Keegan is a Senior Vice President and a member of the Credit portfolio-management team, focusing on US and global portfolios. He is also a member of both the US Multi-Sector and the Canada Fixed Income portfolio-management teams, where he specializes in credit. Keegan first joined AB in 1997 as a portfolio assistant. He then spent a year at Aladdin Capital as a trader before rejoining the firm in 2001 as part of the US Multi-Sector team. Keegan holds a BS in finance from Siena College. Location: New York

Douglas Peebles


Start Date

Tenure

Tenure Rank

Nov 21, 2007

12.12

12.1%

Douglas J. Peebles is the Chief Investment Officer of AB Fixed Income and a Partner of the firm. As CIO, he is also Co-Chairman of the Interest Rates and Currencies Research Review team. Since joining AB in 1987, Peebles has held several leadership positions, including director of Global Fixed Income (1997–2004), co-head of AB Fixed Income (2004–2008) and Head of Fixed Income (2008–2016). He holds a BA from Muhlenberg College and an MBA from Rutgers University. Location: New York

Michael Canter


Start Date

Tenure

Tenure Rank

Jan 28, 2016

3.93

3.9%

Michael S. Canter joined AB in 2007 as a Senior Vice President and is currently Director of US Multi-Sector and Securitized Assets. He is also the Chief Investment Officer of AB’s Securitized Assets Fund and Recovery Asset Fund (ABRA-S), and the former CIO of the Legacy Securities (PPIP) fund. In addition, Canter is Head of the Securitized Assets Research Group, which is responsible for AB’s investments in agency mortgage-backed securities, non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities and other asset-backed securities. He has particularly extensive expertise in RMBS, and in 2013 was called upon to give expert testimony to the US Senate Committee on Banking, Housing, and Urban Affairs on how US housing policy should be structured going forward. In 2015, the US Department of the Treasury asked Canter to join a working group of industry leaders focused on structural changes to non-agency RMBS that could restart that market. Prior to joining AB, he was the president of ACE Principal Finance, a division of ACE Limited, from 2000 to 2006. There, he managed portfolios of credit default swaps, asset-backed securities, mortgage-backed securities and collateralized debt obligations. Canter holds a BA in math and economics from Northwestern University and a PhD in finance from the Columbia University Graduate School of Business.

Janaki Rao


Start Date

Tenure

Tenure Rank

Jan 29, 2018

1.92

1.9%

Janaki Rao is a Senior Vice President and Portfolio Manager at AllianceBernstein L.P. Before joining the firm, Rao spent seven years in the US Interest Rate Strategy Group at Morgan Stanley, where he was responsible for covering the agency MBS market, including publishing for the flagship weekly publication, and generating ad hoc reports on breaking news, in-depth analysis of emerging trends and product primers. He also engaged with policymakers on various issues related to housing finance. Prior to joining Morgan Stanley, Rao ran the advance pricing, debt and derivatives trading desk at the Federal Home Loan Bank of New York. He holds a BA in economics from Delhi University and an MBA in finance from the Zicklin School of Business at Baruch College.

Dimitri Silva


Start Date

Tenure

Tenure Rank

Dec 15, 2019

0.04

0.0%

Dimitri Silva is a Vice President and Portfolio Manager at AB, focusing on Absolute Return Fixed Income strategies. He is a member of the Absolute Return Portfolio Management Team. Mr. Silva joined AB in 2007 as an associate portfolio manager (APM) on the Credit team, and later became assistant manager of the APM team responsible for credit portfolios, as well as the derivative specialist for the Fixed Income Portfolio Management Group. He holds a BS (summa cum laude) in mathematics/physics and chemistry from The College of Idaho. Mr. Silva 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
0.01 33.1 7.64 0.67