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Morningstar

AB Municipal Income California Advisor ALCVX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 10.40  /  +0.11 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.30%
  • Effective Duration —

USD | NAV as of Apr 17, 2024 | 1-Day Return as of Apr 17, 2024, 10:14 PM GMT+0

Morningstar’s Analysis ALCVX

Will ALCVX 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 ALCVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ALCVX 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 ALCVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

AB Municipal Income California Advisor's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ALCVX

More ALCVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CALIF 5%

2.64 30.2 Mil
municipal

AB Government Money Market AB

2.09 23.8 Mil
Cash and Equivalents

CALIFORNIA ST 5.25%

2.00 22.8 Mil
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.95%

1.51 17.2 Mil
municipal

LOS ANGELES CNTY CALIF 5%

1.50 17.1 Mil
municipal

LOS ANGELES CALIF DEPT WTR & PWR REV 5%

1.28 14.6 Mil
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 3.71%

1.27 14.5 Mil
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.23 14.1 Mil
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.17 13.3 Mil
municipal

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

1.12 12.8 Mil
municipal