Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
AB Intermediate California Municipal A AICAX
- NAV / 1-Day Return 13.78 / +0.17 %
- Total Assets 1.0 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.760%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Muni Single State Short
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 2.53%
- Effective Duration 4.30 years
USD | NAV as of May 03, 2024 | 1-Day Return as of May 03, 2024, 10:14 PM GMT+0
Morningstar’s Analysis AICAX
Will AICAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 15.9
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
UNIVERSITY CALIF REVS 5% | 3.04 | 31.3 Mil | municipal |
LOS ANGELES CALIF 5% | 2.14 | 22.1 Mil | Cash and Equivalents |
LOS ANGELES CALIF UNI SCH DIST 5% | 1.86 | 19.1 Mil | municipal |
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.95% | 1.67 | 17.2 Mil | municipal |
SAN DIEGO CALIF UNI SCH DIST 5% | 1.62 | 16.7 Mil | Cash and Equivalents |
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5% | 1.54 | 15.8 Mil | municipal |
CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5% | 1.49 | 15.3 Mil | municipal |
GLENDALE CALIF UNI SCH DIST 4% | 1.48 | 15.2 Mil | municipal |
BAY AREA TOLL AUTH CALIF TOLL BRDG REV 4.05% | 1.27 | 13.1 Mil | municipal |
IRVINE CALIF IMPT BD ACT 1915 4.2% | 1.27 | 13.0 Mil | municipal |