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Morningstar

AB Municipal Income California C ACACX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 10.48  /  −0.17 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.500%
  • Expense Ratio 1.500%
  • Distribution Fee Level Average
  • Share Class Type Level Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 2.34%
  • Effective Duration 6.84 years

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 PM GMT+0

Morningstar’s Analysis ACACX

Will ACACX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ACACX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ACACX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ACACX’s parent organization’s priorities and whether they’re in line with investors’ interests.

AB Municipal Income California C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings ACACX

More ACACX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF 5%

2.84 33.4 Mil
Cash and Equivalents

AB Government Money Market AB

1.92 22.6 Mil
Cash and Equivalents

CALIFORNIA ST 5.25%

1.91 22.5 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.95%

1.46 17.2 Mil
municipal

LOS ANGELES CNTY CALIF 5%

1.45 17.0 Mil
Cash and Equivalents

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

1.23 14.5 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 4.05%

1.23 14.4 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.17 13.8 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.14 13.4 Mil
municipal

M-S-R ENERGY AUTH CALIF GAS REV 6.5%

1.08 12.7 Mil
municipal