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Morningstar

AB Municipal Income California A ALCAX

Morningstar Medalist Rating
Medalist Rating as of | See AllianceBernstein Investment Hub
  • NAV / 1-Day Return 9.90  /  0.00
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Muni California Intermediate
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.27%
  • Effective Duration 6.73 years

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 10:13 PM GMT+0

Morningstar’s Analysis ALCAX

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

People Pillar

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

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

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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ALCAX

More ALCAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 393
  • Other Holdings 2
  • % Assets in Top 10 Holdings 11.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

LOS ANGELES CNTY CALIF 5%

3.18
32,483,430
municipal

LOS ANGELES CALIF 5%

2.98
30,457,461
municipal

AB Government Money Market AB

2.49
25,380,255
Cash and Equivalents

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.65%

1.95
19,895,086
municipal

CALIFORNIA HEALTH FACS FING AUTH REV 4%

1.29
13,159,179
municipal

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

1.16
11,869,995
municipal

UNIV CALIF REGTS MED CTR POOLED REV 5%

1.08
11,030,416
municipal

CALIFORNIA CNTY CALIF TOB SECURITIZATION AGY TOB SETTLEMENT REV 4%

1.08
11,009,554
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5.25%

1.05
10,754,002
municipal

CALIFORNIA MUN FIN AUTH REV 5.25%

1.03
10,553,080
municipal