CAM – AB California Intermediate Municipal ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide safety of principal and maximize total return after taking account of federal and state taxes for California residents. The fund invests at least 80% of its net assets in a portfolio of municipal securities issued by the State of California or its political subdivisions, or otherwise exempt from California state income tax. It seeks to maintain an effective duration of three and one-half years to seven years. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
CAM	AB California Intermediate Municipal ETF	ETF	Open			Aug 6, 1990	$1.16B	0.270%	Above Average	—	$105.44M

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