Marshall C. Turner

AFB

DIRECTOR · ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND · CIK 0001219142

FILING MIX · LIFETIME100%/0%

BUYS

SELLS

TOTAL VALUE

$101.0K

COMPANIES

ACTIVE SINCE

Aug 2021

HOLDINGS NOW

8,771

AVG SELL PX

—

Trades · vs SPY

Loading price series…

Performance · forward returns vs SPY

6 backtested trades · 8 horizons

Forward-return performance of every backtestable P/S trade by Marshall C. Turner, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.

HORIZON	TRADES	WIN RATE	INSIDER RETURN	SPY RETURN	MEAN EXCESS	MEDIAN EXCESS	T-STAT
7d	6	+100.00%	+1.53%	+0.05%	+1.48%	+1.37%	—
14d	6	+100.00%	+0.45%	+0.28%	+0.17%	+0.21%	—
30d	6	+16.67%	-0.62%	+4.98%	-5.60%	-6.66%	—
60d	6	+100.00%	+0.44%	+5.28%	-4.84%	-5.91%	—
90d	6	+100.00%	+2.26%	+9.60%	-7.33%	-7.76%	—
180d	6	+0.00%	-12.40%	+5.04%	-17.44%	-18.95%	—
1y	6	+0.00%	-24.35%	-12.67%	-11.68%	-11.88%	—
2y	6	+0.00%	-32.02%	+2.00%	-34.01%	-34.67%	—

How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.

Holdings over time

AFB · 8,771 shares · as of Sep 29, 2021

Trading cadence · quarterly flow

BUY ● SELL ●

2021

FLOW · 6 buys / 0 sellsCOVERAGE · 1 quarters

Form 4 filings · all activity

COMPANY	TYPE	SHARES	PRICE	VALUE	HELD AFTER	TRADE DATE	FILED
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND	PURCHASE	1,000	$14.91	$14.9K	8,000	Sep 29, 2021	Sep 30, 2021 ↗
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND	PURCHASE	1,000	$14.90	$14.9K	7,000	Sep 29, 2021	Sep 30, 2021 ↗
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND	PURCHASE	771	$14.85	$11.4K	8,771	Sep 29, 2021	Sep 30, 2021 ↗
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND	PURCHASE	1,000	$14.89	$14.9K	6,000	Sep 28, 2021	Sep 30, 2021 ↗
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND	PURCHASE	1,000	$14.91	$14.9K	5,000	Sep 28, 2021	Sep 30, 2021 ↗
AFB ALLIANCEBERNSTEIN NATIONAL MUNICIPAL INCOME FUND	PURCHASE	2,000	$14.98	$30.0K	4,000	Aug 10, 2021	Aug 12, 2021 ↗

Other insiders · AFB

Loading peer insiders…

About this filer

CIK 0001219142

ROLE

Director

PRIMARY

AFB

COMPANIES

ACTIVE SINCE

Aug 2021

MARKETPEEL · /INSIDER/0001219142DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE

Marshall C. Turner

The morning brief, before the bell.