AllianceBernstein Municipal Income Fund II Michigan Portfolio

Scorecard
2 / 5 Stars
Lipper
2 1 3 1 1
Zacks Investment Research
---
Standard & Poor's
2 / 5 Stars
TheStreet.com
D+ (Sell)

U.S. News evaluated 67 Muni Single State Interm Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 3.43 percent over the past year, 2.71 percent over the past three years, 3.68 percent over the past five years, and 3.84 percent over the past decade.

Trailing Returns Updated 06.30.2014
Year to date 5.7%
1 Year 3.4%
3 Years (Annualized) 2.7%
5 Years (Annualized) 3.7%
10 Years (Annualized) 3.8%

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Summary

The investment seeks to earn the highest level of current income exempt from both federal income tax and State of Michigan personal income tax that is available without assuming what the Adviser considers to be undue risk. The fund invests at least 80% of its net assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax ("AMT") for certain taxpayers. It normally invests at least 80% of its net assets in municipal securities of Michigan or municipal securities with interest that is otherwise exempt from Michigan state income tax.

Fees

Fees are Below Average compared to funds in the same category.
AllianceBernstein Municipal Income Fund II Michigan Portfolio has an expense ratio of 0.94 percent.

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Risk

Risk is Average compared to funds in the same category according to Morningstar.

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