Morningstar

AB Municipal Income Fund California Portfolio Class A ALCAX

Morningstar Medalist Rating
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Medalist Rating as of See AllianceBernstein Investment Hub
  • NAV / 1-Day Return $10.13  /  +0.30 %
  • Fund Size $1.3B
  • Adjusted Expense Ratio 0.750%
  • Net Expense Ratio 0.790%
  • Fee Level: Distribution Average
  • Share Class Type Front Load
  • Morningstar Category Muni California Intermediate
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 3.59%
  • Average Effective Duration 8.39 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis ALCAX

Will ALCAX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

AB Municipal Income California A holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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 12.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

SAN DIEGO CNTY CALIF REGL ARPT AUTH ARPT REV 5%

1.54 21M
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 5%

1.38 19M
municipal

CALIFORNIA INFRASTRUCTURE & ECONOMIC DEV BK REV 3.5%

1.37 19M
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5%

1.30 18M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

1.19 16M
municipal

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

1.17 16M
municipal

LOS ANGELES CALIF DEPT ARPTS ARPT REV 5.25%

1.12 15M
municipal

BAY AREA TOLL AUTH CALIF TOLL BRDG REV 2.69%

1.08 15M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.96 13M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.95 13M
municipal

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