Bernstein Short Duration Diversified Municipal Portfolio (SDDMX)
The Portfolio invests at least 80% of its total assets in municipal securities rated A or better by national rating agencies (or, if unrated, determined by AllianceBernstein L.P., the Portfolio's investment manager (the "Manager"), to be of comparable quality) and comparably rated municipal notes. It 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").
Fund Info
| ISIN | US0855688893 |
|---|---|
| Issuer | AllianceBernstein |
| Inception Date | Oct 2, 1994 |
| Category | Municipal Bonds |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
SDDMX has a high expense ratio of 0.36%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bernstein Short Duration Diversified Municipal Portfolio, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 11.05% |
| 1 month | N/A | 4.86% |
| 6 months | N/A | 17.50% |
| 1 year | N/A | 27.37% |
| 5 years (annualized) | N/A | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of SDDMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.06% | -0.06% | |||||||||||
| 2023 | 1.08% | -0.84% | 0.87% | -0.08% | -0.17% | 0.40% | 0.16% | 0.00% | -0.56% | 0.02% | 1.66% | 1.17% | 3.74% |
| 2022 | -1.06% | -0.34% | -1.23% | -0.91% | 0.64% | -0.26% | 0.89% | -0.87% | -1.20% | -0.15% | 1.45% | 0.18% | -2.87% |
| 2021 | 0.29% | -0.39% | 0.15% | 0.22% | 0.06% | 0.06% | 0.22% | -0.02% | -0.27% | -0.12% | 0.13% | -0.01% | 0.33% |
| 2020 | 0.46% | 0.34% | -1.54% | 0.01% | 1.45% | 0.41% | 0.64% | -0.07% | 0.00% | -0.08% | 0.40% | 0.27% | 2.29% |
| 2019 | 0.32% | 0.19% | 0.27% | 0.12% | 0.27% | 0.28% | 0.28% | 0.19% | -0.11% | 0.18% | 0.11% | 0.22% | 2.32% |
| 2018 | 0.10% | 0.06% | -0.10% | -0.08% | 0.32% | 0.33% | 0.17% | 0.02% | -0.22% | 0.03% | 0.26% | 0.30% | 1.20% |
| 2017 | 0.34% | 0.28% | -0.04% | 0.13% | 0.29% | -0.19% | 0.22% | 0.21% | -0.10% | -0.02% | -0.42% | 0.08% | 0.77% |
| 2016 | 0.18% | 0.21% | -0.16% | 0.13% | -0.11% | 0.28% | 0.11% | -0.13% | -0.01% | 0.02% | -0.69% | 0.12% | -0.05% |
| 2015 | 0.17% | 0.02% | -0.06% | -0.14% | -0.06% | -0.06% | 0.18% | 0.02% | 0.18% | 0.04% | -0.05% | 0.05% | 0.31% |
| 2014 | 0.10% | 0.18% | -0.21% | 0.10% | 0.10% | 0.02% | -0.06% | 0.09% | -0.05% | 0.05% | -0.05% | -0.10% | 0.17% |
| 2013 | 0.21% | 0.13% | -0.03% | 0.13% | -0.10% | -0.67% | 0.28% | -0.11% | 0.37% | 0.12% | 0.11% | 0.03% | 0.45% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bernstein Short Duration Diversified Municipal Portfolio (SDDMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Bernstein Short Duration Diversified Municipal Portfolio granted a 101.64% dividend yield in the last twelve months. The annual payout for that period amounted to $12.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $12.64 | $0.24 | $0.12 | $0.09 | $0.14 | $0.17 | $0.15 | $0.08 | $0.06 | $0.05 | $0.04 | $0.09 |
Dividend yield | 101.64% | 1.95% | 1.01% | 0.72% | 1.08% | 1.34% | 1.19% | 0.61% | 0.51% | 0.39% | 0.33% | 0.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Bernstein Short Duration Diversified Municipal Portfolio. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $12.46 | $0.00 | $12.46 | ||||||||||
| 2023 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.24 |
| 2022 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.12 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.09 |
| 2020 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.14 |
| 2019 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.17 |
| 2018 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.15 |
| 2017 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.08 |
| 2016 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.06 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.02 | $0.05 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.04 |
| 2013 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.09 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Bernstein Short Duration Diversified Municipal Portfolio. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bernstein Short Duration Diversified Municipal Portfolio was 5.15%, occurring on Mar 20, 2020. Recovery took 57 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -5.15% | Mar 10, 2020 | 9 | Mar 20, 2020 | 57 | Jun 11, 2020 | 66 |
| -4.78% | Aug 12, 2021 | 304 | Oct 25, 2022 | 289 | Dec 19, 2023 | 593 |
| -1.57% | Sep 16, 2008 | 23 | Oct 16, 2008 | 25 | Nov 20, 2008 | 48 |
| -1.04% | Mar 24, 2004 | 36 | May 13, 2004 | 58 | Aug 6, 2004 | 94 |
| -1.02% | Mar 1, 2002 | 17 | Mar 25, 2002 | 25 | Apr 30, 2002 | 42 |
Volatility
Volatility Chart
The current Bernstein Short Duration Diversified Municipal Portfolio volatility is 0.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.