|
Overall Morningstar
Rating™ |
| What is this? |
 |
 |
| As of 2009-10-31 |
|
Out of
Muni Massachusetts Funds |
|
| Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance. |
|
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|
Morningstar®
Style Box™ |
| What is this? |
|
 |
|
Avg Duration |
|
|
5.78 Yrs
|
|
|
|
Avg Credit Quality |
|
|
AA |
|
| As of
2009-08-31 |
|
|
| Day Change |
| $ 0.01 |
|
|
| NAV (2009-11-20) |
| $ 10.92 |
|
|
| YTD Return % (2009-11-20) |
| 10.83% |
|
|
| Total Assets ($ mil) |
| 218 |
|
| Growth of $10,000 |
 |
Fund: |
AllianceBern Muni Inc II MA A |
| (from
1999-01-01
to 2009-10-31) |
 |
Category: |
Muni Massachusetts |
|
 |
Index: |
BarCap Municipal TR USD |
| Total Annualized Returns % |
1yr, 3yr and 5yr Returns as of 2009-11-20 |
| Inception date: 1994-03-29 |
10yr and Inception Returns as of 2009-10-31 |
|
YTD Returns as of 2009-11-20 |
|
|
YTD |
1 Year |
3 Year |
5 Year |
10 Year |
Since Inception |
| Fund |
10.83 |
10.17 |
4.04 |
4.26 |
5.22 |
5.95 |
| +/- Category |
-4.46 |
-3.43 |
1.42 |
1.05 |
0.43 |
--- |
| +/- BarCap Municipal TR USD |
-1.31 |
-1.50 |
-0.21 |
-0.10 |
--- |
--- |
|
|
| Standardized Annual Returns % more on standardized returns |
| Quarter-End (as of
2009-09-30) |
8.49 |
8.16 |
3.56 |
3.91 |
4.81 |
5.88 |
| Month-End (as of 2009-10-31) |
6.89 |
8.12 |
2.87 |
3.39 |
4.90 |
5.75 |
|
|
| After Tax Returns % (as of
2009-09-30
)
|
| On Distribution |
--- |
8.16 |
2.86 |
3.39 |
4.90 |
--- |
| On Distribution & Sale of Shares |
--- |
6.79 |
3.02 |
3.49 |
4.88 |
--- |
|
|
| Morningstar Rating |
--- |
--- |
 |
 |
|
--- |
|
| # of compared funds covered (3 yrs : out of 75 funds), (5 yrs : out of 70 funds), (10 yrs : out of 59 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is
3.00%,
the maximum deferred sales fee is
none,
and the maximum redemption sales fee is
none. |
|
| The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein. |
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|
|
|
| Sector Breakdown % |
|
| General Obligations |
12.92 |
| Advance Refunded |
15.28 |
| State Appropriated Tobacco |
---
|
| Non-state Appropriated Tobacco |
---
|
| Education |
9.63 |
| Health |
16.89 |
| Housing |
7.82 |
| Industrial |
---
|
| Transportation |
12.35 |
| Utilities |
5.39 |
| Water/Sewer |
4.02 |
| Misc. Revenue |
15.69 |
|
| Bond Quality |
% of Bonds |
| AAA |
49.8 |
| AA |
25.0 |
| A |
12.3 |
| BBB |
9.2 |
| BB |
3.8 |
| B |
0.0 |
| Below B |
0.0 |
| Not Rated |
0.0 |
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|
|
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| |
|
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| Asset Allocation |
|
 |
|
| % of Net Assets |
 |
Cash |
0.0 |
 |
Stocks |
0.0 |
|
Bonds |
100.0 |
 |
Other |
0.0 |
|
|
|
Foreign Stocks |
0.0 |
|
(as a % of Assets) |
|
|
| Data through 2009-08-31 |
Data through 2009-08-31 |
 |
| Holding Status |
|
| Total Number of Stock Holdings |
|
|
Turnover % |
32 |
| Total Number of Bond Holdings |
88 |
|
30 Day SEC Yield % |
2.75 |
| % of Assets in Top 10 Holdings |
29.51 |
|
ending as of
2009-09-30 |
|
|
|
|
View Data Definitions |
| Top 10 Holdings |
Maturity
Date |
Amount
$000 |
Value
$000 |
% of Net
Assets |
|
|
|
|
|
|
|
Massachusetts St Sch Bldg Auth 5% |
2019-08-15 |
7,000 |
7,658 |
3.87 |
|
Massachusetts St Health & Edl Rev 5.75% |
2026-07-01 |
6,500 |
7,511 |
3.80 |
|
Massachusetts St Health & Edl Rev 5.25% |
2031-10-01 |
6,440 |
7,114 |
3.60 |
|
Massachusetts St Indl Fin Agy Rev 6.15% |
2035-02-01 |
5,900 |
5,870 |
2.97 |
|
Massachusetts St Wtr Pollutn A Pool P 5% |
2024-08-01 |
4,875 |
5,598 |
2.83 |
|
 |
|
Massachusetts St Go Consol 5% |
2017-03-01 |
5,000 |
5,554 |
2.81 |
|
Fall River Mass Mun Purp 5% |
2028-07-15 |
5,085 |
5,387 |
2.72 |
|
Massachusetts St Hsg Fin Agy H Hsg 6.65% |
2041-07-01 |
4,635 |
4,668 |
2.36 |
|
Massachusetts St Health & Edl Rev 6.75% |
2030-07-01 |
4,245 |
4,504 |
2.28 |
|
Puerto Rico Comwlth Hwy & Tran Rev 5.25% |
2014-07-01 |
4,410 |
4,486 |
2.27 |
|
|
 |
Data through 2009-08-31 |
|
|
|
| Fund Inception: 1994-03-29 |
|
Portfolio Manager (Start Date) |
|
|
|
|
|
Terrance T. Hults (1995-06-01) |
|
|
|
Hults is a senior vice president with Alliance Capital Management L. P. Prior to joining Alliance in 1995, he was an associate and trader in the Municipal Derivative Products Department at Merrill Lynch Capital Markets. |
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|
|
|
Michael Brooks (2002-12-31) |
|
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|
Brooks is the senior vice president Manager of AllianceBernstein, with which he has been associated since prior to 2002. |
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|
|
|
Fred S. Cohen (2002-12-31) |
|
|
|
Cohen is a senior vice president of AllianceBernstein with which he has been associated since prior to 2002. |
|
|
|
|
|
R.B. Davidson III (2002-12-31) |
|
|
|
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. |
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|
|
Sales Charge %
(taken from prospectus dated 2009-10-01) |
| Front: |
3.00 |
| Deferred: |
None |
|
| Expense Ratio % |
0.82 |
based on net assets
(taken from annual report dated 2008-09-30)
|
|
| Correspondence Information |
AllianceBernstein LP
1345 Avenue Of The Americas
New York,
NY
10105
United States |
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