AB Intermediate Diversified Municipal Portfolio (SNDPX)
The investment seeks to provide safety of principal and maximize total return after taking account of federal taxes. 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 NRSROs and comparably rated municipal notes. The fund may invest up to 20% of its total assets in below investment grade fixed-income securities (commonly known as "junk bonds").
Fund Info
| ISIN | US0855684009 |
|---|---|
| Issuer | AllianceBernstein |
| Inception Date | Jan 8, 1989 |
| Category | Municipal Bonds |
| Min. Investment | $25,000 |
| Asset Class | Bond |
Expense Ratio
SNDPX has a high expense ratio of 0.47%, 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 AB Intermediate 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
AB Intermediate Diversified Municipal Portfolio had a return of 0.18% year-to-date (YTD) and 3.45% in the last 12 months. Over the past 10 years, AB Intermediate Diversified Municipal Portfolio had an annualized return of 1.75%, while the S&P 500 had an annualized return of 10.90%, indicating that AB Intermediate Diversified Municipal Portfolio did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.18% | 11.05% |
| 1 month | 0.77% | 4.86% |
| 6 months | 3.62% | 17.50% |
| 1 year | 3.45% | 27.37% |
| 5 years (annualized) | 1.41% | 13.14% |
| 10 years (annualized) | 1.75% | 10.90% |
Monthly Returns
The table below presents the monthly returns of SNDPX, 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 | -0.05% | 0.17% | 0.09% | -0.68% | 0.18% | ||||||||
| 2023 | 1.91% | -1.31% | 1.38% | 0.01% | -0.64% | 0.58% | 0.22% | -0.50% | -1.54% | -0.57% | 3.70% | 1.85% | 5.07% |
| 2022 | -1.94% | -0.47% | -2.16% | -1.96% | 1.06% | -0.98% | 1.78% | -1.39% | -2.44% | -0.40% | 2.85% | 0.28% | -5.77% |
| 2021 | 0.65% | -1.04% | 0.48% | 0.63% | 0.21% | 0.15% | 0.62% | -0.11% | -0.61% | -0.13% | 0.49% | 0.04% | 1.38% |
| 2020 | 1.29% | 0.87% | -3.91% | -1.15% | 2.75% | 1.24% | 1.42% | 0.05% | -0.16% | -0.03% | 1.15% | 0.69% | 4.13% |
| 2019 | 0.85% | 0.55% | 0.89% | 0.21% | 1.10% | 0.48% | 0.68% | 0.74% | -0.68% | 0.18% | 0.13% | 0.39% | 5.64% |
| 2018 | -0.71% | -0.24% | 0.03% | -0.29% | 0.89% | 0.12% | 0.33% | 0.04% | -0.45% | -0.44% | 0.85% | 0.84% | 0.96% |
| 2017 | 0.62% | 0.52% | 0.09% | 0.66% | 0.87% | -0.39% | 0.65% | 0.59% | -0.45% | 0.04% | -0.88% | 0.66% | 3.02% |
| 2016 | 1.07% | 0.11% | 0.03% | 0.51% | -0.10% | 0.98% | 0.16% | -0.04% | -0.25% | -0.52% | -2.79% | 0.58% | -0.33% |
| 2015 | 1.35% | -0.77% | 0.09% | -0.39% | -0.31% | -0.09% | 0.52% | 0.17% | 0.52% | 0.37% | 0.19% | 0.36% | 2.02% |
| 2014 | 1.12% | 0.67% | -0.43% | 0.74% | 0.75% | -0.15% | 0.12% | 0.87% | -0.16% | 0.56% | 0.05% | 0.17% | 4.38% |
| 2013 | 0.16% | 0.34% | -0.19% | 0.75% | -1.06% | -1.77% | 0.01% | -0.76% | 1.33% | 0.56% | -0.28% | -0.26% | -1.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SNDPX is 40, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
SNDPX (AB Intermediate Diversified Municipal Portfolio)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for AB Intermediate Diversified Municipal Portfolio (SNDPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
AB Intermediate Diversified Municipal Portfolio granted a 2.79% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.39 | $0.37 | $0.30 | $0.26 | $0.32 | $0.34 | $0.32 | $0.30 | $0.29 | $0.30 | $0.36 | $0.37 |
Dividend yield | 2.79% | 2.65% | 2.17% | 1.78% | 2.17% | 2.34% | 2.28% | 2.07% | 2.02% | 2.06% | 2.48% | 2.61% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Intermediate 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 | $0.02 | $0.03 | $0.03 | $0.04 | $0.00 | $0.12 | |||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2022 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.30 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2020 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2019 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.34 |
| 2018 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.32 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.30 |
| 2016 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
| 2015 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.30 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.03 | $0.04 | $0.36 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
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 AB Intermediate 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 AB Intermediate Diversified Municipal Portfolio was 9.57%, occurring on Mar 20, 2020. Recovery took 90 trading sessions.
The current AB Intermediate Diversified Municipal Portfolio drawdown is 1.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.57% | Mar 10, 2020 | 9 | Mar 20, 2020 | 90 | Jul 29, 2020 | 99 |
| -9.06% | Jul 29, 2021 | 314 | Oct 25, 2022 | — | — | — |
| -5.52% | Feb 1, 1994 | 208 | Nov 17, 1994 | 69 | Feb 22, 1995 | 277 |
| -5.47% | Sep 12, 2008 | 25 | Oct 16, 2008 | 57 | Jan 8, 2009 | 82 |
| -4.25% | Mar 11, 2004 | 45 | May 13, 2004 | 90 | Sep 22, 2004 | 135 |
Volatility
Volatility Chart
The current AB Intermediate Diversified Municipal Portfolio volatility is 0.45%, 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.