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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 10.40  /  +0.01 %
  • Total Assets 1.1 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 3.05%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:09 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 Process Pillar and People 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-costliest 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 —
  • 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